According to the latest report by IMARC Group, "Global Smart Energy Market Size, Share, Growth, Industry Trends, Opportunity and Forecast 2023-2028", the global smart energy market size reached US$ 151.7 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 253.0 Billion by 2028, exhibiting a growth rate (CAGR) of 8.3% during 2023-2028.

Smart Energy Market Trends and Drivers:

The global smart energy market is primarily driven by the rising deployment of smart grid technologies. Moreover, the escalating demand for energy-efficient solutions is positively influencing the market growth. Additionally, smart energy solutions can help with remote sub-meter monitoring to help prevent power outages and provide consumers with accurate readings regarding their energy consumption.

In line with this, the widespread adoption of advanced metering solutions, instrumentation, network infrastructure, and network management software has catalyzed market growth. Other factors, including a rising focus on rural electrification, implementation of favorable government policies, and rapid infrastructural development, are also anticipated to drive the market further.

Global Smart Energy Market 2023-2028 Analysis and Segmentation:

Competitive Landscape:

The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.

Smart Energy Companies:

Honeywell International Inc., International Business Machines Corporation, Itron Inc., Landis+Gyr AG, Larsen & Toubro Limited, ABB Ltd., General Electric Company, Robert Bosch GmbH, S&T AG, Schneider Electric SE, Sensus (Xylem Inc.) and Siemens AG.

The report has segmented the market on the basis of component, product, end use sector and region.

Breakup by Component:

• Hardware and Equipment
• Solution and Service

Breakup by Product:

• Smart Grid
• Digital Oilfield
• Smart Solar
• Home Energy Management System

Breakup by End Use Sector:

• Residential
• Industrial
• Commercial

Breakup by Region:

• North America
• Asia Pacific
• Europe
• Latin America
• Middle East and Africa

If you want latest primary and secondary data (2023-2028) with Cost Module, Business Strategy, Distribution Channel, etc. Click request free sample report, published report will be delivered to you in PDF format via email within 24 to 48 hours of receiving full payment.

Key highlights of the report:

• Market Performance (2017-2022)
• Market Outlook (2023-2028)
• Porter’s Five Forces Analysis
• Market Drivers and Success Factors
• SWOT Analysis
• Value Chain
• Comprehensive Mapping of the Competitive Landscape

If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.

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IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

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