Growth in Adoption of Smart Grid Anticipated Driving Global Smart Energy Market over the Forecast Period: Ken Research REQUEST FOR SAMPLE REPORT Buy Now Request For sample Report × Report Title Name Email Designation Phone No Comapny Name Comapny URL Country -- Please Select Your Country -- Afganistan Africa Albania Algeria Andorra Angola Anguilla Antigua and Barbuda Argentina Armenia Aruba Asia Australasia Australia Austria Azerbaijan Bahamas Bahrain Bangladesh Barbados Belarus Belgium Belize Benin Bermuda Bhutan Bolivia Bonaire Bosnia Herzegovina Botswana Brazil BRICS British Virgin Islands Brunei Darussalam Bulgaria Burkina Faso Cambodia Cameroon Canada Cape Verde Cayman Islands Central African Republic Central and South America Chad Chile China Colombia Comoros Congo Costa Rica Cote d'Ivoire Croatia Cuba Curacao Cyprus Czech Republic Denmark Djibouti Dominica Dominican Republic Ecuador Egypt El Salvador Equatorial Guinea Eritrea Estonia Ethiopia Europe European Union Falkland Islands Faroe Islands Fiji Finland France French Guiana French Polynesia Gabon Gambia Georgia Germany Ghana Gibraltar Global Great Britain Greece Greenland Grenada Guadeloupe Guam Guatemala Guerney & Alderney Guinea Guinea-Bissau Guyana Haiti Honduras Hong Kong Hungary Iceland India Indonesia Iran Iraq Ireland Isle of Man Israel Italy Ivory Coast Jamaica Japan Jersey Jordan Kazakhstan Kenya Kiribati Kosovo Kuwait Kyrgyzstan Laos Latvia Lebanon Lesotho Liberia Libyan Arab Jamahiriya Liechtenstein Lithuania Luxembourg Macao Macau Macedonia Madagascar Malawi Malaysia Maldives Mali Malta Man (Island of) Marshall Islands Martinique Mauritania Mauritius Mayotte Mexico Micronesia Middle East Minnesota Moldova Monaco Mongolia Monserrat Montenegro Morocco Morroco Mozambique Myanmar Namibia Nepal Netherlands New Caledonia New Zealand Nicaragua Niger Nigeria Niue North America North Korea Norway Oman Pakistan Palau Palestine Panama Papua New Guinea Paraguay Peru Philippines Poland Portugal Puerto Rico Qatar Reunion Romania Russia Rwanda Saint Helena Saint Lucia Saint Martin Saint Pierre and Miquelon Saint Vincent and the Grenadines Samoa Samoa (American) San Marino Sao Tome and Principe Saudi Arabia Scandinavia Senegal Serbia Seychelles Sierra Leone Singapore Sint Maarten Slovakia Slovenia Solomon (Islands) Somalia South Africa South Korea South Sudan Spain Sri Lanka Sudan Suriname Svalbard and Jan Mayen Islands Swaziland Sweden Switzerland Syria Taiwan Tajikistan Tanzania Thailand Timor Leste Togo Tonga Trinidad and Tobago Tunisia Turkey Turkmenistan Turks and Caicos Islands Uganda Ukraine United Arab Emirates United Kingdom United States Uruguay Uzbekistan Vanuatu Vatican City Venezuela Vietnam Virgin Islands Western Sahara Yemen Zambia Zimbabwe Requirement Submit Smart energy is defined as effective and sustainable utilization of resources through the usage of technology. It is generally used for power generation, distribution, transmission, and the monitoring (or demand response) at the consumer/user end. It is a cost-effective, secure and sustainable energy system in which renewable energy production, infrastructures, and consumption are coordinated & integrated through active users, energy services, and enabling technologies. It allows customers to closely monitor & control the energy consumption of their buildings. According to the study, “Global Smart Energy Market Size study, by Type (smart grid, home energy management systems (HEMS), smart solar, digital oilfield, and others), End-user (commercial the sector, residential sector, and industrial sector) and Regional Forecasts 2018-2025” the key companies operating in the global smart energy market are Landis + Gyr, LG-Chem, ABB LTD, Sensus, GE Energy, Axion Power International, Samsung SDI, AES Energy Storage, Solar Grid Storage LLC, BYD, Itron, Siemens, Saft, S&T, Bosch. Based on type, the smart energy market is segmented into distributed smart energy and independent smart energy. Based on product type, the market is segmented into the smart grid, smart solar, digital oilfield, home energy management systems (HEMS), and others. The smart grid segment dominates the market owing to growth in the implementation of smart grids across the globe. The digital oilfield segment combines business process management with digital technology to minimize costs and maximize productivity in oil & gas operations. On the other hand, HEMS technology allows the user to adopt technology that is comprised of software and hardware, which can be manually controlled to be used in a household. Based on the phase, the market is segmented into single-phase and three-phase. Based on the installation type, the market is segmented into retrofit installation and new installation. In addition, based on end-user, the market is segmented into the residential sector, the commercial sector, and the industrial sector. The commercial sector segment is likely to dominate the market due to the rise in demand for energy during the forecast period. The smart energy market is driven by a rise in a number of data centers, followed by a surge in IT hubs & commercial institutions, effective smart grid initiative in the surround areas, rise in industrialization and high investment in the up-gradation of distribution or transmission infrastructure. However, the high cost of upgrading smart grids may impact the market. Moreover, growth in awareness among consumers pertaining to the smart energy meter benefits is key opportunities for the market. Based on geography, the North-American region dominates the smart energy market owing to growth in the adoption of smart grid & related technologies and an increase in the implementation of smart grids over the forecast period. The Asian-Pacific region is anticipated to witness a higher CAGR due to the rise in government initiatives to promote renewable energy and an increase in demand for energy over the forecast period. In upcoming years, it is predicted that the future of the market will be bright as a result of the rise in energy-efficiency measures and growth in the adoption of renewable energies such as wind and solar energy during the forecast period. To Know More, Click On The Link Below:- Global Smart Energy Market Analysis Related Reports:- Global Smart Energy Meters Market Status (2015-2019) and Forecast (2020-2024) by Region, Product Type & End-Use Global Battery Energy Storage Systems for Smart Grid Market Status (2015-2019) and Forecast (2020-2024) by Region, Product Type & End-Use Contact Us:- Ken Research Ankur Gupta, Head Marketing & Communications Ankur@kenresearch.com +91-9015378249 Tags: ABB LTD Smart Energy Market Competitors, Africa Smart Energy Market, Asia Pacific Smart Energy Market, Canada Smart Energy Market Share, Europe Smart Energy Market Analysis, GE Smart Energy Market Sales Analysis, Germany Smart Energy Market Future, Global Commercial Sector Smart Energy Market, Global Industrial Sector Smart Energy Market, Global Residential Sector Smart Energy Market, Global Smart Energy Industry Research Report, Global Smart Energy Market Analysis, Global Smart Energy Market Forecast, Global Smart Energy Market Future Outlook, Global Smart Energy Market Growth Rate, Global Smart Energy Market Major Players, Global Smart Energy Market Research Report, Global Smart Energy Market Revenue, Global Smart Energy Market Segmentation, Global Smart Energy Market Share, Global Smart Energy Market Size, Itron Smart Energy Market future Outlook, Landis + Gyr Smart Energy Market Size, Middle East Smart Energy Market, North America Smart Energy Market, S&T Smart Energy Market Revenue Size, Sensus Smart Energy Market Growth