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An associate firm is pleased to present a Senior Independent Living facility that is a campus featuring 25 single-story, wood-frame structures totaling 109,061 sf. The facility offers 145 units located in 24 different structures, one of which is a 26,277 sf main building that includes a commercial-grade kitchen, dining room, and activity room as well as a 1,600 sf storage building.…





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IT Lawyers specialise in providing expert legal advice and guidance on technology-related issues. IT lawyers understand the laws and regulations governing technology use and help individuals and businesses navigate the complex and rapidly changing technology-legal landscape. IT lawyers are a valuable asset for success and protection in the digital age.

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Best IELTS Coaching Centre in Jalandhar

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Smart Grid Market Global Trends, Market Share, Industry Size, Growth, Opportunities, and Market Forecast 2019 to 2026

The global smart grid market is forecasted to value over US$ 65 billion by the end of 2026 and expand at a CAGR of over 17% during the forecast period of 2019-2026.
Smart grids find application in energy sources. Grids are used in maintaining the efficiency of electricity supply and cycle and steady flow of supply even during power cuts. The grid is built upon the electricity network on digital technology. This system is used for surveillance, analysing, monitoring communication within the supply chain for maximizing the transparency and reliability of the energy supply chain.
With an increase in digitalization in the power sector along with rising concerns of unplanned power outages and power being a necessity, these factors are expected to drive the growth of the global smart grid market. In addition, increasing the need to upgrade traditional smart grid systems to support various smart cities and smart grids is one of the other factors expected to drive the growth of the global smart grid market. Furthermore, an increase in government incentives to promote the building of a better grid is also favourable to the market.
The major firms are investing in research and development initiatives to produce improved products and induce technological advancements to gain a competitive edge over others. Besides, the market is also expected to record mergers and collaborations, new product launches, to enhance their market positions and cater to a diverse product portfolio. Increased investments such as the State Grid Corporation of China (SGCC), which overlooks the electricity distribution in China has announced investment plans of over 100 billion toward the development of the smart grid between by 2020. This will motivate the market and provide huge revenue.
Smart Grid Market Restraints:
+ High nstallation cost
+ Massive initial investment
+ Data security and privacy issue
+ Lack of interoperability
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Smart Grid Market Segmentation:
By Component
+ Hardware
+ Software
+ Services
By Hardware
+ Smart Meter
By Software
+ Smart Grid Network Mangement
+ Advanced Metering Infrastructure (AMI)
+ Smart Grid Distribution
+ Substation Automation
+ Grid Asset Management
+ Smart Grid Security
+ Billing and Customer Information System
By Service
+ Deployment and Integration
+ Support and Maintenance
+ Consulting
Growing investments, the undertaking of small scale grid projects will fuel the growth of deployment & integration services. Increase in investments will also help drive the market’s growth and the deployment and integration system will have the highest CAGR during the forecast period.

By Region:
+ Europe
+ North America
+ APAC
+ Latin America
+ Rest of World Rest of World
The global smart grid markets in North America are growing significantly. It is projected to continue its dominance over the forecast period. Moreover, government initiatives in the U.S. for planned energy consumption are likely to further drive the industry growth in this region in the future. For instance, in April 2017, a massive power outage in San Francisco was triggered in the utility substation leaving over 90,000 electricity customers without power. Furthermore, Harvey and Irma, both Category 4 hurricanes caused damages of over USD 130 billion in 2017 to the country’s power infrastructure. Thus the growing severity and regularity of natural disasters including storms and unplanned power outages have significantly imposed the adoption of smart grid across the country.
Europe smart grid market will witness growth on account of substantial investments.
Asia Pacific market is set to grow. Brazil industry will witness growth owing to rising electricity demand.
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Competitive Landscape:
+ Tier 1 players- established companies in the market with a major market share
+ Tier 2 players
+ Emerging players which are growing rapidly
+ New Entrant
Significant market players are Schneider Electric, Cisco, Honeywell, GE, Kamstrup, Tech Mahindra, Oracle, Siemens, Globerma, Itron, eSmart Systems, IBM, Eaton and others.
The key players are investing in research and development initiatives to develop technologically advanced products to gain a competitive edge over others. Besides, the market will also witness various mergers and collaborations, new product launches, to enhance their market positions and cater to a diverse product portfolio
FutureWise Takeaways:
+ Growth prospects
+ SWOT analysis
+ Key trends
+ Key data points affecting market growth
Objectives of the Study:
+ To provide an exhaustive analysis on the Smart Grid Market by Component, by Hardware, by Software, by Service and by Region
+ To cater comprehensive information on factors impacting market growth (drivers, restraints, opportunities, and industry-specific restraints)
+ To evaluate and forecast micro-markets and the overall market
+ To predict the market size, in key regions (along with countries)—North America, Europe, Asia Pacific, Latin America, and the Middle East.
+ To record evaluate and competitive landscape mapping- product launches, technological advancements, mergers and expansions
+ Profiling of companies to evaluate their market shares, strategies, financials and core competencies
Inquire further details about this report at: [email protected]

About FutureWise Research:
We specialise in high-growth niche markets, assuring flexibility, agility and customised solutions for our clients. Through in-depth market insights and consultancy, we present our clients with the tools they need to be at the forefront of their industry – a position secured for far more than the near future.

Contact Us:
Company Name: FutureWise Research
Contact Person: Vinay Thaploo
Email: [email protected]
Phone: +44 141 628 9353 / +1 970 279 4295
City: Leeds
Country: United Kingdom
Website: www.futurewiseresearch.com

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