The smart energy market can be simply defined as the one that constitutes devices that have inbuilt artificial intelligence to carry out their daily activities without any human interference. The smart energy market comprises multiple technologies such as smart grids, smart homes, and smart solar and digital oil fields. Smart grids are systems that use digital communication technologies in electricity generation, transmission, and distribution, thereby automating the value chain. Smart grids comprise devices and technologies such as smart meters, grid optimization, distributed generation, and storage. Smart homes are equipped with modern technologies such as lighting and heating that can be controlled remotely by smartphones or remotes.
The smart grid segment accounts for the largest share of the global smart energy market. The US is the leader in smart grid technologies and related services. Rapid increase in the implementation of smart grids across regions like the US will lead to the strong growth of this market segment during the estimated period.
The Americas dominated the global smart energy market and will account for approximately 37% of the total market share by 2023. Among all the countries in the Americas, the US is the biggest contributor due to higher investments in smart grids. In this region.
In 2017, the global Smart Energy market size was xx million US$ and it is expected to reach xx million US$ by the end of 2025, with a CAGR of xx% during 2018-2025.
The key players covered in this study
Market segment by Type, the product can be split into
Home Energy Management Systems (HEMS)
Market segment by Application, split into
Market segment by Regions/Countries, this report covers
Central & South America
The study objectives of this report are:
To analyze global Smart Energy status, future forecast, growth opportunity, key market and key players.
To present the Smart Energy development in United States, Europe and China.
To strategically profile the key players and comprehensively analyze their development plan and strategies.
To define, describe and forecast the market by product type, market and key regions.
In this study, the years considered to estimate the market size of Smart Energy are as follows:
History Year: 2013-2017
Base Year: 2017
Estimated Year: 2018
Forecast Year 2018 to 2025
For the data information by region, company, type and application, 2017 is considered as the base year. Whenever data information was unavailable for the base year, the prior year has been considered.