Smart power grids are slowly replacing traditional power grids, as they are automated and more efficient in collecting and reading data, and understanding consumer behavior with regard to power usage. Smart power grids will thus improve the efficiency with which electricity is produced and distributed. The adoption of this technology is relatively slow due to individual government policies. However, governments are investing in it and the market is set to grow in the upcoming years.
The MicroMarketMonitor report provides in-depth, region-specific data for the global smart grid market. The market dynamics, along with the factors that drive the growth of and restrain this market, globally and regionally, have been elaborated upon. These market dynamics shed light upon current and future trends that define the growth of the market.
On the basis of secondary research, the emerging opportunities in this particular market have been identified in the report, thus giving its user an edge over the competition. The report also provides a comprehensive description of the challenges faced by this market. The research study involves the usage of extensive secondary sources: press releases, investment reports, industry white papers, case studies, client testimonials, success cases, presentations, and other publicly available sources, to identify and collect information useful for building this extensive database of the smart grid market.
Primary sources are mainly several industry experts/key opinion leaders such as CEOs, directors, ex-employees, channel partners, and marketing professionals from core (solutions and services) and related industries. These also include preferred suppliers, manufacturers, system packagers, rental companies, EPC contractors, end-users, standards & certification organizations, and other organizations related to all the segments of this industry’s value chain. The survey and interviews are confined not just to the Tier 1 players, but also include start-ups and prominent players. Primary sources are interviewed to obtain and verify critical qualitative and quantitative inputs on their operations, performance, strategies, revenues, and views on the overall market, including key developments, adoption trends, as well as assessment of current projects and future prospects.
Collated information, analyses, and insights are shared, discussed and validated by market players to ensure accuracy and authenticity. In order to ensure consistency and accuracy, corresponding demand side primary interviews are conducted.
The market has been segmented by hardware, software, and geography. The report estimates and analyzes market revenues for the mentioned forecast period, for each segment, and provides a compound annual growth rate (CAGR) for this period. Historical data, which includes market shares and market revenues, for the mentioned period has also been included.
Lastly, key players in this market have been identified, and an extensive competitive landscape has been presented in this report. Along with a general overview of the company, the report also presents its product portfolio, recent developments, business strategies, financials, growth trends, and market share, and helps the user of this report to determine competition and devise business strategy. Region-specific data enables the identification of saturated markets and those that can be entered to develop a strong foothold.
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