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Smart Grid Market
- 4100.00 Dollar US$
- Published date: February 24, 2021
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- Pune, Maharashtra, India [ #38063 Ad Views - 31 ]
Smart Grid Market is expected to reach US$ 51.23 Bn by 2026 from US$ XX Bn in 2019 at a CAGR of XX %. The report includes the analysis of impact of COVID-19 lock-down on the revenue of market leaders, followers, and disrupters. Since lock down was implemented differently in different regions and countries, impact of same is also different by regions and segments. The report has covered the current short term and long term impact on the market, same will help decision makers to prepare the outline for short term and long term strategies for companies by region. Appearing digitalization is becoming a highlighting factor for deployment of modernized equipment and technologies in the energy sector. Loss of value due to defects in grid and energy distribution and metering is creating huge business opportunities for smart grid component manufacturers, installers and service providers. Rise in power generation sector and swelled energy consumption is awakening the need for smart grids across the globe. Increase in the improvement of smart meters and the growing complexity of cyber threats are further anticipated to provide opportunities to cybersecurity companies to target their services towards power companies over the upcoming years.
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