You are here
Singapore Smart Grid Market to Grow at a CAGR of 10.41% (2016-2024)
According to Goldstein Research, Singapore smart grid market is expected to reach USD 1.6 billion by 2024 from USD 765 million in 2016, growing at a CAGR of 10.41% over the forecast period 2016-2024.
According to Goldstein Research, Singapore smart grid market is expected to reach USD 1.6 billion by 2024 from USD 765 million in 2016, growing at a CAGR of 10.41% over the forecast period 2016-2024. The factors such as adopting energy tri-lemma strategy, energy security, economic competitiveness and environmental sustainability are majorly driving the growth of the Singapore smart grid market. Singapore smart grid market segmentation has been done on the basis of hardware, software, services and geography. Based on hardware, smart meters held the largest market share of 48.7% in 2016 owing to the smart meter installation plan of the government. Singapore smart grid market large growing capacity for the strategic geographical location i.e. being a tropical country it has huge insulation of solar energy. Thus, 2.8 MW Micro-grid installed that unifies various sources of energy, but solar energy source has the largest share.
Browse Full Report: https://www.goldsteinresearch.com/report/singapore-smart-grid-market-size-report
On the basis of our in-depth analysis, Singapore Smart Grid Market can be segmented as follows:
- PLC (Programmable Logic Controller)
- Smart Meter
- Networking Hardware
- Advanced Metering Infrastructure Software
- Grid IT and Asset Management System Software
- Smart Grid Communication Software
- Cybersecurity Software
- Distribution Automation Software
- Consulting Services
- Integration and Installation Services
- Maintenance Services
- Tier-I Cities Smart grid Market
- Tier-II Cities Smart grid Market
- Tier-III Smart grid Market
“Singapore Smart Grid Market Outlook 2024” contains detailed overview of the Singapore smart grid market. On the basis of our in-depth analysis, the market can be segmented in terms of market segmentation by hardware, software and services.
Further, for the in-depth analysis, Singapore Smart Grid Industry Report encompasses the industry growth drivers, market challenges, risk analysis, market attractiveness, BPS (Base Point Scale) analysis, Porter’s five force model and SWOT analysis. Thiscompetitive intelligence reports also includes competitive outlook of some of the major players profiling of companies such as Silver Spring, GE, Jenko, Omnetric group, Seimens, Schneider Electric, EnerNOC, NEC, Space Time Insight, Pacific Light, etc. The company profiles include business strategy, geographical revenue distribution, major information of the companies which encompasses business outlook, products, services and industries catered, financial analysis of the company and recent developments.
Download Exclusive Sample Report: https://www.goldsteinresearch.com/request-sample/singapore-smart-grid-market-size-report
Browse Similar Report: Smart Grid Market Report
Based in the US, Goldstein Research currently has a strong presence in the American and Asian countries. In the next five years, we strive to expand our reach to 50+ nations spanning across Europe, Asia and parts of the Middle East and Africa. We strive to realize a strong brand presence globally through our quality research and forecasting solutions.
Our mission is simple: to develop insightful business solutions, help our clients make powerful future decisions to keep them well ahead of the game which is the market, and leave a mark across businesses and communities through our well-defined ideas and clear cut forecasts. Our market research reports provide in-depth analysis of global and regional variations along with competitors’ overview. Our analysts working on energy resources industry reports to help various tech-giants, tech start-ups and entry players to assess the current and upcoming business scenario. We believe in vigorous examination of the current market scenario and build around creative ideas and approaches that are most suitable to our clients’ needs and business agenda.