The global smart grid market is expected to exceed $20.8 billion in 2017
发布时间：2018-01-24
The global smart grid market is expected to reach $20.83 billion in 2017, according to a smart Grid study released by International market research firm ReportsnReports.
With government policy support, legislative mandates, and incentives for the deployment of smart meters, the smart grid will be further developed to meet the growing and stable demand for electricity. The global smart grid market is expected to reach us $50.65 billion by 2022, with a compound annual growth rate of 19.4% during the period.
From the perspective of regional market, North America is expected to dominate the global smart grid market in the forecast period, which is mainly affected by large-scale smart grid project deployment and smart city construction and other factors.
It is worth noting that the Middle East and Africa, although still in its early stages of development, will be the fastest growing regional market in the world. The simultaneous growth of traditional and renewable energy sources and the solution to the problem of the population without electricity are the main factors to promote the growth of smart grid demand.
In terms of product types, smart grid communication software will grow the fastest during the forecast period. The software enables the networking of distribution systems by enabling two-way communication between different components of the grid to improve operation, maintenance and planning, including generation, transmission and distribution.
From the perspective of enterprises, GENERAL Electric of the United States, ABB of Switzerland, Siemens of Germany and Schneider Electric of France will become the world's leading smart grid technology and service providers.
