Smart Grid Equipment Industry: New Report Provides 2014-2018 Forecasts
Albany, New York, Oct 3, 2016: The rapidly expanding smart grid equipment market is the focus of a new report added to the market intelligence repository of Market Research Hub (MRH). The report examines the prospects of the global smart grid equipment industry till the end of 2018, using the market’s development trajectory from 2009 to 2014 as the key indicator of actionable insights into the market’s growth pattern. The report, titled ‘Global Smart Grid Equipment Industry 2014 Market Research Report,’ is available for sale on the official website of MRH.
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Smart grids are electrical power grids that are monitored by a variable combination of computerized algorithm and automated machinery. The close and constant monitoring provided by smart grid equipment and technology makes the power grid more efficient, since any wastage of power is noted automatically, and better managed, since the relative power loads in different areas and the availability of generated power can be balanced without the possibility of human error.
Smart grids have been developed as a feasible solution to the rising imbalance between generated power and the demand for the same. Computerized monitoring has allowed government authorities to understand the amount of power wasted through improper distribution or hardware problems. This has led to a strong demand for smart grid infrastructure, especially in regions such as Europe, where government support to initiatives that reduce the impact of human activities on the environment has remained solid in the last few decades. This is likely to remain a key driver for the global smart grid equipment market in the coming years.
The report takes a close look at the geographical segmentation of the global smart grid equipment market in order to present a clear overview of where the market stands to gain. The smart grid equipment markets in North America, Asia, and Europe are examined in the report, which provides information on every aspect likely to affect the respective regional market’s future development trajectory by the end of 2018.
The regional analysis begins with a brief summary describing the product and process development history observed in the region, the competitive trends in the market, and the influential trends affecting the smart grid equipment market’s development.
This is followed by a section covering statistical information about the production, capacity, and import and export activities in the smart grid equipment market in each region. The performance of the smart grid equipment market from 2009 to 2014 is thus analyzed in detail in the report, with all key figures and their economic implications on the market explained. 2014-2018 forecasts based on solid analysis of this information are provided in the report. Key companies operating in each regional market for smart grid equipment are also profiled in the report.
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The economic environment in key regional markets, namely Japan, China, the U.S., and Europe, is also examined in the report. The analysis of the effect of the economic macroenvironment on the development of the smart grid equipment industry in the coming years forms a key part of the report. To conclude, the report provides information about the global smart grid equipment market in the 2009-2014 period and the 2014-2018 forecasts for the same.
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