Srinagar Magazine

Smart Energy Market 2019

Smart Energy Market 2019    

Wiseguyreports.Com Adds “Smart Energy – Global Market Growth, Opportunities, Analysis Of Top Key Players And Forecast To 2026” To Its Research Database.

Description: 

This report provides in depth study of “Smart Energy” using SWOT analysis i.e. Strength, Weakness, Opportunities and Threat to the organization. The Smart Energy report also provides an in-depth survey of key players in the market which is based on the various objectives of an organization such as profiling, the product outline, the quantity of production, required raw material, and the financial health of the organization.

The report on the global Smart Energy market offers a deep understanding of the current trends and events in the industry. The report was formulated by correlating the historical data with insightful market dynamics. Through this, analysts were able to make very precise projections of the market. The report includes an in-depth segmental analysis of the global Smart Energy market and provides acute insights on the same. The report was prepared in an extensive manner to aid existing and emerging industry participants in making calculated and informed decisions on operation management and growth strategies that they need to employ. The industry participants will also have access to information like opportunities in the market, restraints, ongoing trends, and drivers.

Some of the major players operating in the global Smart Energy market were identified and subsequently profiled from different regions. Their offerings, latest product launches, distribution channel, and regional and global presence are also provided. Moreover, the average revenues garnered by these identified players are used to ascertain the overall size of the market. A top-down procedure is used to calculate the overall size of the market sub-segments. The entire study of the market was done by taking financial reports and annual data of the leading players and extensive interviews are undertaken of various CEOS, Directors, VPs, and other leaders in the industry.

The report covers market size status and forecast, value chain analysis, market segmentation of Top countries in Major Regions, such as North America, Europe, Asia-Pacific, Latin America and Middle East & Africa, by type, application and marketing channel. In addition, the report focuses on the driving factors, restraints, opportunities and PEST analysis of major regions.

• Major Companies Covered 
  BYD 
  A123 
  Axion Power International and 
  Siemens 
  S&T 
  Solar Grid Storage LLC 
  GE Energy 
  LG Chem 
  Sensus 
  Saft 
  Samsung SDI 
  ABB 
  AES Energy Storage 
  Bosch 
  Itron 
  Landis +Gyr

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• Major Types Covered 
  Smart Grid 
  Digital Oilfield 
  Home Energy Management Systems (HEMS) 
  Smart Solar 
  Other
• Major Applications Covered 
  Residential Sector 
  Commercial Sector 
  Industrial Sector
• Years considered for this report: 
  Historical Years: 2014-2018 
  Base Year: 2019 
  Estimated Year: 2019 
  Forecast Period: 2019-2026

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• The power and energy industry comprises fuel, petroleum, gas, coal, renewables, and nuclear power industries. Together, the sector contributes to a nation’s and eventually to the global economy rise. Hence, in order to have an increase in the economy, there has to be a constant increase in production as well. With the ever-increasing population and rapid urbanization & industrialization, the demand for energy is skyrocketing.
• In 2018, emissions from power generation also increased substantially, rising up to 40% of the total energy-related CO2 emissions. In such scenarios, clean and renewable energy has become the fastest-growing energy source, globally. Renewable energy refers to the electricity generated from renewable sources, such as sunlight, water waves & tides, wind, and geothermal heat.
• Also, renewable technologies are considered as a practical solution for air and water heating/cooling and transportation, and providing energy in rural and remote areas where energy grid and services are either challenging or not possible. In general, it is believed that improving access to cleaner and advanced energy solutions could not only avail electricity at much-reduced costs but would also save the environment, cutting down emissions.
• The energy sector is on its way to becoming the biggest benefactor of the digital revolution that is transforming the way many industries work today.
• Factors driving renewable energy deployment include market conditions such as cost, diversity, proximity to demand & transmission, and resource availability. Also, policy decisions, including tax credits, feed-in tariffs, renewable portfolio standards, and specific regulations are impacting the deployments, positively. 
• Businesses with sustainability goals, backed by their own developments of solar roofs and wind farms are driving renewable energy developments, buying renewable electricity through power purchase agreements, and acquiring renewable energy certificates (RECs).
• Concerns associated with demand and supply of fossil fuels continue registering a price hike. These further impact the oil and gas sector and it is important to avoid overinvestment in potentially unnecessary projects. Moreover, spreading awareness of the advantages of renewable energy sources would foster renewables projects, generating vast opportunities across the world.
• Rising demand for sustainable, clean, and alternative energy generation solutions will further convert the space into a vastly expanded space in the years to come.
• Renewable energy has always been fascinating the government entities owing to the cost-effective output and is further encouraging them to invest substantially to integrate renewable sources of energy. Government funding and initiatives boost the renewable energy deployments, accelerating the depreciation and power purchase scheme.
• Renewables have already formed the majority in new capacity addition to the global power sector. Well developed as well as emerging economies across South America, Asia, and Africa are responding quite well to the global energy transition. The majority of renewable energy production capacity addition has been observed in countries across the globe, which presages towards a very exciting future. 
• Some of the installations have state-of-the-art technology and low-cost power generation that’s competitive with any fossil fuel power generation. There are some countries like Morocco and Chile, which have the lowest prices for renewable electricity in the world and are quickly moving to a zero-carbon energy economy.
• These countries are showing that this is their development strategy of the future, especially for emerging economies. It’s not just about the replacement of one fuel for another; instead, it is a whole new model of development that is emerging due to the current global energy transition.

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