IoT Market In Energy Grid Management Growth Analysis | Penetration of Smart Technologies to Boost Demand
Accenture Plc, Cisco Systems Inc., Intel Corp., International Business Machines Corp., Robert Bosch GmbH, Schneider Electric SE are a few of the vendors discussed
IoT market in energy grid management is set to post an incremental growth of $ 21.72 billion during 2021-2025. The market will progress at a CAGR of almost 13.21% during the forecast period. Our analysts provide a detailed understanding of the market focusing on the latest trends, and drivers that are likely to impact growth. This analysis will enable business leaders to strategize and plan for further growth of their business.
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IoT Market In Energy Grid Management: Market Segments and Key Trends
This report provides a detailed analysis of the market by Application (Generation, Transmission, Substation automation, and Distribution) and Geography (North America, Europe, APAC, MEA, and South America). 32% of the market growth will originate from Europe during the forecast period. This research report provides a detailed analysis of all the segments, key trends, and challenges that are likely to influence growth.
IoT Market In Energy Grid Management: What are the Growth Drivers?
Penetration of smart technologies is one of the primary factors driving the growth of the IoT market in energy grid management. The rising penetration rate of smart technologies globally is expected to boost the adoption of IoT that can leverage devices and technology to streamline the multiple aspects of an industry. Cities and towns demand customized services in the form of micro grids, renewable energy services, and smart city services.
The report provides a detailed study of all the factors that are likely to boost the market. An understanding of the key drivers will enable clients to leverage growth opportunities to their advantage with a view to short-term and long-term business goals.
Vendor Analysis: Accenture Plc, Cisco Systems Inc. and Huawei Investment and Holding Co. Ltd. are key growth contributors
The market is fragmented. The research report provides insights into the top market player and their product portfolio along with pipeline analysis of upcoming developments and growth opportunities. The growth of the players depends on several factors such as market conditions, government support, and industry development. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions. Accenture Plc, Cisco Systems Inc., Huawei Investment and Holding Co. Ltd., Intel Corp., International Business Machines Corp., Robert Bosch GmbH, Schneider Electric SE, Siemens AG, Texas Instruments Inc., and Verizon Communications Inc. are some of the major market participants. For more insights on this market: Download a Free Sample Report
IoT Market In Energy Grid Management: Key Highlights of the Report for 2021-2025
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