2023 global intelligent grid market will reach 61.3 billion US dollars

The world's second largest market research institution Marketsandmarkets recently released that the global smart grid market scale is expected to reach 23.8 billion US dollars in 2018, and this number will reach $ 61.3 billion in 2023, predicting period (2018 - 2023) The compound annual growth rate (CAGR) is 20.9%.

The report believes that the main factors promoting global intelligent grid growth include: government policies and statutory tasks, the improvement of intelligent grid reliability and the modernization of aging grid infrastructure.

Marketsandmarkets classifies the smart grid market and makes the outlook forecast for the field. In software technology, the smart grid market is subdivided into measurement infrastructure, smart grid power distribution management, intelligent grid management, power grid asset management, substation automation, smart grid safety, billing and customer information system; on the basis of hardware The smart grid market is divided into smart meters; on the basis of service, the smart grid market is subdivided into consulting, deployment and integration, supporting, supporting, supporting.

In addition, the report also points out that the smart grid market is supplied by power service providers, SOLUTION suppliers, service providers, system integrators, original equipment manufacturers, management service providers, government and planning agencies, distributors. And distributors and several organizations such as enterprise users and technical providers. The market's needs include utility providers, regional energy suppliers and private power suppliers; suppliers include intelligent grid software suppliers of different types of smart grid software, such as measurement infrastructure, smart grid power distribution management, etc.

By investigating the world's five major regions (North America, Europe, Asia Pacific, Middle East and Africa, MARKETSANDMARKETS) for the global intelligent grid market is: GE (US), ABB (Switzerland), Siemens ( Germany, Schneider Electric (France), Itron (United States), Landis + Gyr (Switzerland), ACLARA (United States), Cisco (USA), OSI (United States), IBM (USA), Wipro (India), Honeywell (United States), Oracle (United States), S & Celectriccompany (United States), Eaton (Ireland), Kamstrup (Denmark), Trilliantholdings (USA), Globema (Poland), Techmahindra (India), EnelX North America (US), ESMARTSystems (Norway), Tanatalus (United States), Esyasoft (India), Grid4c (US) and C3energy (USA).

At present, under the driving of green energy conservation, the smart grid called "Power Grid 2.0 " has become a key area that is competing in countries around the world. Based on integrated, high-speed bidirectional communication networks, the smart grid passes advanced sensing and measurement technology, advanced equipment technology, advanced control methods and advanced decision support system technology applications, can achieve reliable, safe and economical , Efficient, environmentally friendly and safe goals.

It can be said that the construction of smart grid is not only promoted on the sustainable development of the global economy, but also to promote the development of intelligent communities, intelligent cities, and improve people's quality.