Global ICT and Smart Grid Market to Grow Rapidly due to Increased Demand for Full-grid Connectivity

Published On : 05 Jul 2016 recently announced the inclusion of a new market research study to its huge database of research reports. The 158-page research report, titled “Global ICT and Smart Grid Market 2016 Industry Research Report,” offers an in-depth overview of the market, focusing on the definitions, industry chain structure, applications, and classifications of the global market for ICT and smart grid. It comprises the development history, product segmentation, vendor analysis, and the development status of major geographical segments.

The research study has made use of analytical tools to determine the major growth factors and potential opportunities in the ICT and smart grid market across the globe. The historical data and projected figures presented in the research study are expected to help the readers and decision-makers to formulate effective strategies. The research report covers the current technologies in the information and communication technologies (ICT), which are being widely used for the smart grid concept. The development strategies are also discussed in the research report along with the cost structures and manufacturing processes.

Smart grid applications are expected to witness high demand for data analysis applications, data communications, and data collection capabilities. Thus, ICT is projected to play a very crucial role in the smart grid concept. It is expected to ensure the security of supply and support the distribution. The real-time billing and monitoring allow prepaid energy and dynamic tariffs. Furthermore, ICT will help in the collection of historical data and forecast renewable energy generation.

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The distribution of energy sources and management of consumer behavior will be looked after effectively with the help of several information and communication technologies. These factors are estimated to fuel the growth of the global ICT and smart grid market throughout the forecast period. In addition, the growing need to create full-fledged smart grids and full-grid connectivity are fuelling the growth of the overall market.

The global ICT and smart grid market has been divided on the basis of geography into the European Union, the U.S., China, and Japan. The share, statistics, and size of each region have been discussed in the research report. The research study analyzes the competitive scenario of the global ICT and smart grid market and offers a comprehensive vendor analysis for the same. The company overview, contact information, business policies, product segmentation, financial overview, and recent developments in the global ICT and smart grid market have been discussed in the research report. Moreover, a SWOT analysis of the leading players has also been presented in order to give a clear picture of the market.

Some of the prominent players engaged in the global market for ICT and smart grid are Elster, Tropos, Google, BPL Global, Carlson Wireless, GE, Trilliant, Siemens, Emeter, Oracle, Alcatel-Lucent, Analog Devices, Echelon, Aclara, Tendril, and Cisco. 

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