Global Impact of Covid-19: Smart Grid Market Study by Demand and Supply with Forecast to 2025
Smart Grid is transition of existing electricity grid to more intelligent that allows two-way communication between Utilities and the consumers on a real-time basis. Smart grid uses different digital technologies which comprises of communications technologies, information system, and automation systems to adjust the changes in demand and supply of electricity.
As Electricity Grid is ageing and the current transmission & distribution network is inefficient and unreliable causing outages over an extended period. This creates an opportunity for telecom companies, network providers, system integrators, and OEMs to supply high quality and cost-effective, responsive solutions thereby making existing grid as Smart Grid.
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Different Utilities of the world are investing based on the health of their infrastructure; some are replacing old ones with new while some are integrating the smart solutions to existing ones. China plans to invest USD 6 trillion in infrastructure as part of development plan while UK is expected to invest USD 375 billion, and Brazil had planned to invest USD 500 Bn in next five years.
The value chain of Smart Grid consists Generation, Transmission, Distribution, End-users, EPC companies, hardware providers, and software & services companies, Integrators etc. With Covid-19 impacting different economies as well as industries will definitely have larger impact on investments in Smart Grid also.
This report will also give you insight about the impact of Covid across value chain of Smart Grid which will have impact on the market size of Smart Grid.
This study will provide an insight about market size across leading (top 3 to 5) countries of various regions
like North America, Europe, South America, Middles-east & Africa, Asia Pacific and at global level. The report will help in identifying the market opportunities for hardware providers, and software & services companies, Integrators in Smart grid space. The report will also help in identifying the market potential for Smart Grid while deployment across generation, transmission & distribution.
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Last Update : 27 April 2020
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|Item Owner : Vidhya Nigam|
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