Global smart grid communications market report published by Prophecy Market Insights offers holistic view of various influencing factors and aims to answer all the target market related questions.
Growth in adoption of smart grid technology to improve efficiency in energy conservation and consumption. For instance, according to a data published by Federation of American Scientists in 2018, from 2010 to 2015, $3.4 billion in SGIG granted supported 99 projects resulting in $8 billion in grid modernization. However, high installation cost may hamper the target market growth over the forecast period. Nevertheless, varied technological advancements in the communications technologies along with long term profit is anticipated to create lucrative growth opportunities for the target market growth.
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Key players operating in the global smart grid communications market include,
- Landis Gyr, Inc.,
- Echelon Corp.,
- Sensus USA, Inc.,
- Silver Spring Networks, Inc.,
- ABB, Ltd.
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