Pune, India -- (SBWIRE) -- 06/25/2018 -- Smart grids are useful in power grid modernization process as they result in reduced transmission and distribution losses. MDMS, SCADA, DRM, DMS and several other such software support smart grid technology. This technology manages the demand and supply for electricity along with continuous data exchange through networking, data storage, information analytics and data & information management. This system opens wide-ranging opportunities for energy conservation and efficient operations.

The research report tries to comprehend the leading-edge tactics taken by vendors in the global market to offer product difference through Porter's five forces analysis. It also points out the ways in which these companies can reinforce their stand in the market and upsurge their revenues in the coming years. Ongoing technological progressions and the tenacious infiltration of Internet in the remote corners of the world are also responsible for the remarkable growth of the Global Smart Grid Technology Market.

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Top Key Vendors :
IBM Corp, Cisco Systems, Comverge Inc., Cooper Power Systems, LLC, Echelon Corp, Elster Group SE, eMeter Corporation, GE Energy, Grid Net Inc., Infrax Systems Inc., Iskraemeco, Itron Inc., Landis+GYR Ltd, OSIsoft LLC, Power Plus Communications AG, S&C Electric Co., Schneider Electric SA, Trilliant Inc., Ventyx Inc., Verizon Communications Inc.

There is growing requirement for utilities to upgrade and modernize their transmission, and for distribution grids owing to the emergence of new utility-scale and distributed renewable capacity. Laying of transmission lines to comply with the clean power plan is increasing rapidly due to the increased emphasis on renewable resources. Utilities suppliers are focusing on building transmission lines to serve the industries such as oil and gas and drilling operations. Modernizing the grid includes installation of new lines with the handling of two-way power flows, whereas in the past, all the power in the system flowed one-way - only from the bulk power level down to customer, which leads to broader scope for the smart grid technology market, globally.

The Global Smart Grid Technology Market is a highly fragmented, niche market with the presence of a limited number of vendors. Providers in the market compete based on pricing, innovation, service, reputation, distribution, and promotion. As the market is still in its development stage, small vendors with innovative solutions have the chances of being acquired by large players in the market.

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Table Of Content:

Chapter 1 Industry Overview of Smart Grid Technology Market

Chapter 2 Manufacturing Cost Structure Analysis of Smart Grid Technology Market

Chapter 3 Technical Data and Manufacturing Plants Analysis of Smart Grid Technology Market

Chapter 4 Global Smart Grid Technology Overall Market Overview

Chapter 5 Smart Grid Technology Regional Market Analysis

Chapter 6 Major Manufacturers Analysis of Smart Grid Technology

Chapter 7 Development Trend of Analysis of Smart Grid Technology Market

Chapter 8 Smart Grid Technology Marketing Type Analysis

Chapter 9 Conclusion of the Global Smart Grid Technology Market Professional Survey Report 2018

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