At 11% CAGR, Smart Grid Market Surpass USD 70 Billion by 2024: ABB, GE, Siemens, Schneider Electric, Honeywell and 10 Other Companies Profiled
Smart grid market by communication & wireless infrastructure is predicted to grow over 20% by 2024. Growing requirement of IoT intervention for improving demand management, grid efficiency and customer services across power utilities will stimulate the business outlook. Digitalization of grid by using sensors and cloud computing technology provides real time data on electricity usage and helps in consumption pattern monitoring. The wide application of control systems across distribution & substation automation, demand-side management and advanced outage management will enhance...
View full press release