Europe Smart Grid Technology Market is Expected to Reach $47,548.8 million in 2018 - New Report by MicroMarket Monitor

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The Europe Smart Grid Technology Market report defines and segments the smart grid technology market in Europe with analysis and forecast of revenue. http://www.micromarketmonitor.com/market/europe-smart-grid-technology-4749406798.html

MicroMarket Monitor

MicroMarket Monitor

Key players in the Europe Smart Grid Technology Market are Cooper Power System, Inc. (U.S.), Elster group (Germany), Echelon Corporation (U.S.). & others.

The Europe Smart Grid Technology Market report defines and segments the smart grid technology market in Europe with analysis and forecast of revenue. The European smart grid technology market is estimated to grow from $13,024.7 million in 2012 to $47,548.8 million by 2018, at a CAGR of 23.9% from 2013 to 2018.

Browse through the TOC of the Europe Smart Grid Technology Market report, to get an idea of the in-depth analysis provided. This also provides a glimpse of the segmentation in the Europe smart grid technology market, and is supported by various tables and figures.
http://www.micromarketmonitor.com/market/europe-smart-grid-technology-4749406798.html

This market is segmented and forecast on the basis of geography and type. The geographical segmentation of market is on the basis of the major countries in the region, such as Germany, the U.K., France, and Italy, among others.

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The market is segmented on the basis of type, such as software, smart sensors, communication network, and smart meter. Furthermore, the software segment in the smart grid technology market is divided into supervisory control and data acquisition (SCADA), demand response management systems, distributed management systems , advance metering MDM. The smart sensor segment in the smart grid technology market is divided into HAN sensors, dynamic line rating sensors, transformer monitoring sensors, and voltage sensors. The market is further segmented and forecast on the basis of communication network, such as ZigBee, Z-Wave, and Wi-Fi.

Early buyers will receive 10% customization on this report.
http://www.micromarketmonitor.com/contact/4749406798-request_for_customization.html

The European Union (EU) has rolled out a 20:20:20 plan that deals with 20% reduction in green house gas emissions, wherein 20% energy will be provided by the renewable sources and 20% improvement in the energy efficiency by the year 2020. The different countries in Europe are working towards this plan to meet the 20:20:20 target. The plan also deals with having to install 80% smart meters in the countries across the European region.

This report also includes market share and value chain analysis, and market metrics such as drivers & restraints. In addition, it presents a competitive landscape and company profiles of the key players in the market, including the major companies which provide wireless chipsets.

Related Reports:

North America Smart Grid Technology Market
Smart grid aims to develop the power grid by assembling of emerging and existing technology that reinforces the utility to decrease the distribution and transmission loss. This can be achieved with the help of communication networks, smart sensors, advanced metering infrastructure and software’s.

Smart grid will enhance the grid reliability by monitoring the frequency and the number of disturbances and duration of power outages, including reduction of the possibility of regional blackouts. It will equilibrate the electricity demand and supply. Smart grid will amend the dependability and efficiency in energy distribution and assist in optimizing utilization of resources.
http://www.micromarketmonitor.com/market/north-america-smart-grid-technology-7757076723.html

Latin America Smart Grid Technology Market
Smart grid will enhance the grid reliability by monitoring the frequency and the number of disturbances and duration of power outages, including reduction of the possibility of regional blackouts. It will equilibrate the electricity demand and supply. Smart grid will amend the dependability and efficiency in energy distribution and assist in optimizing utilization of resources.

Lack of interoperability standards and installation of the entire smart grid network required high cost is the restraints of smart grid market. Improved communication network and Reduction in distribution and transmission loss is one of the major drivers of this market. The governments of different countries are deploying important roles in the commercialization of this and passing on regulations and accreditation for the same.
http://www.micromarketmonitor.com/market/latin-america-smart-grid-technology-5835347771.html

Asia-Pacific Smart Grid Technology Market
Smart grid will amend the dependability and efficiency in energy distribution and assist in optimizing utilization of resources. Smart grid will enhance the grid reliability by monitoring the frequency and the number of disturbances and duration of power outages, including reduction of the possibility of regional blackouts. It will equilibrate the electricity demand and supply.

Increasing government support, Reduction in distribution and transmission loss, increase in energy efficiency are the pilots of this market. Smart grid architecture used integrated communication network coupled with software is the major factor to drive Asia-pacific smart grid market.The installation of the entire smart grid network required high cost is the restraints of smart grid market. Increasing investment and prepayment of electricity are the opportunities for the growth of the market.
http://www.micromarketmonitor.com/market/asia-pacific-smart-grid-technology-1358595742.html

About MicroMarket Monitor:

MicroMarket Monitor identifies and attends to various unmet needs of different industrial verticals, which include value chain impact analysis. The company publishes about 12000 Market Research Reports on various Micro Markets across the world. The graphical nature and multidimensional analysis of these reports provide advanced Business Intelligence Tools to the clients in that particular target market.

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