Analyst predicts that the global smart energy market will grow at a stupendous CAGR of almost +15% during the forecast period.
One of the main drivers of this market is increased investment in smart grid technology. Power consumption has increased due to an increase in population in other countries. As a result, countries such as India, China, the United Kingdom, and the United States have been forced to use renewable energy sources, and are currently upgrading to smart grids to meet growing global power demands. Smart grids are expected to reduce losses in power transmission and distribution and effectively balance power supply and demand. As a result, investments in smart grid technology have helped drive the growth of smart grid IT systems. The emergence and installation of smart grids has led to the growth of innovative power supply technologies, which will have a positive impact on the growth of the smart energy market by the end of 2026.
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The Report includes Several Company Profiles of who are market key players
AES Energy Storage
Axion Power International
Solar Grid Storage LLC
In this industry report, the analysts estimate factors like distributed energy sources (DERs) to play an important role in the growth of the smart energy market over the next four years. DERs are small energy sources that can be deployed to meet the regular demand for power. There is a marked interest in energy storage systems and as a result, many companies are investing in this technology to back up fleets of solar and wind energy plants. Battery storage is of specific interest as it is a cheap alternative and can be used as a part of the overall distribution system. Increased investments and streamlined DERs will lead to strong market growth over the forecast period.
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Segmentation by application and analysis of the smart energy market
Home energy management systems (HEMS)
The smart grid segment accounts for the largest share of the global smart energy market and is expected to gain over 83% of the total market share by the end of 2020. The US is the leader in smart grid technologies and related services. Rapid increase in the implementation of smart grids across regions like the US will lead to the strong growth of this market segment during the estimated period.
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Major Points Covered in Table of Contents:
1 Industry Overview
2 Manufacturing Cost Structure Analysis of Smart Energy Market
3 Technical Data and Manufacturing Plants Analysis
4 Production Analyses of Smart Energy Market by Regions, Technology, and Applications
5 Sales and Revenue Analysis of Smart Energy Market by Regions
6 Analyses of Smart Energy Market Production, Supply, Sales and Market Status 2019-2025
7 Analysis of Smart Energy Market industry Key Manufacturers
8 Price and Gross Mar Smart Energy Analysis
9 Marketing Traders or Distributor Analysis of Smart Energy Market
10 Development Trend of Smart Energy Market industries 2019-2025
11 Industry Chain Suppliers of Smart Energy Market with Contact Information
12 New Project Investment Feasibility Analysis of Smart Energy Market
13 Conclusion of the Smart Energy industry 2019 Market Research Report
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