USA, Chicago: According to the new smart grid market report published by Scalar Market Research, the smart grid market is expected to grow from $39.84 billion in 2016 and reach $83.81 billion in 2022, growing at an estimated CAGR of 13.20% during the forecast period.
The report offers in-depth analysis of the market size (revenue), market share, major market segments, different geographic regions, key players, premium trends, technology roadmap and forecast to 2022.
According to the report, emergence of advanced smart grid technologies is one of the primary driving factors for the growth of the global smart grid market.
The Asia-Pacific region is expected to dominate the smart grid market during the forecast period. On the other hand, the increasing government initiatives are expected to drive the growth of the smart grid market in the North America region.
The companies profiled in the report include Aclara Technologies, LLC., Alstom Ltd., Comverge, Inc., eMeter, GridPoint, Schneider Electric SE, Schweitzer Engineering Laboratories, Inc., Sensus USA, Inc., Siemens AG, Silver Spring Networks and others.
Source: Sys-Con Media