A smart grid is an electrical grid which consist variety of operation and energy measures including smart meters, smart appliances, renewable energy resources, and energy efficient resources. Electronic power conditioning and control of the production and distribution of electricity are important aspects of the smart grid.
Electric power generators, electric power substations, transmission and distribution lines, controllers, smart meters, collector nodes, and distribution and transmission control centers are the various components of the smart grid. Smart grid uses computer technology to improve the communication, automation, and connectivity of the various components of the power network. Also, smart grid can help to utilities conserve energy, reduce costs, increase reliability and transparency.
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Modernization of aging grid infrastructure and increasing awareness about carbon footprint management and Government of many countries offers various policies and legislative mandates for focusing on the implementation of smart grids and spreading awareness about energy conversation are some important factors which works as a driving factors for the global smart grid.
The major players operating into Smart Grid Market include:
Microchip Technology Inc.
Open Systems International
International Business Machines Corporation
The emerging demand for well-managed Grid energy storage will drive Smart Grid innovation with new business models for utilities, energy industry stakeholders, and importantly there will be new business opportunities for utility customers. This need to manage Grid energy storage will require a Smarter Grid, with new utility regulations and new Grid markets with corresponding improvements in Smart metering, Smart Grid energy storage, and Smart management of electrical loads.
This study suggests a brand new proposition to embellish Smart Grid market and nurture business as it explains current global market as well as future market.
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Smart Grid Applications
Support & Maintenance
Industry Chain Analysis
Raw Material and Suppliers
Equipment and Suppliers
Manufacturing Cost Structure
Manufacturing Plants Distribution Analysis
At last report covers a short outline of the dealers, distributors, and suppliers. Additionally, it provides sales channel, analysis findings and results. It spots some new entrants within the market. The study thus, suggests a brand new proposition to embellish Smart Grid market and nurture business as it explains current global market as well as future market.