The global smart grid wide area network market is expected to grow at a significant CAGR during the forecast period. A smart grid is a self-contained electricity supply network that employs digital communications technology for supply chain control, monitoring, and analysis, as well as the ability to respond to network incidents remotely, thereby improving supply and relationships with the environment through a variety of smart grid applications and technologies. Several supportive legislation and regulations have been established by governments all over the world, with a focus on the construction of smart grids and the promotion of energy-saving awareness. These guidelines encourage the use of smart grid technologies in the industrial, commercial, and residential sectors.
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The American Recovery and Reinvestment Act of 2009 (Recovery Act) provided funding to the Department of Energy (DOE) for grid modernization. The Smart Grid Investment Grant (SGIG) program, which has invested $8 billion in 99 cost-shared projects aimed at modernizing electric grid infrastructure, strengthening cyber security, improving interoperability, and collecting unprecedented amounts of data on smart grid operations and benefits, has attracted more than 200 electric utilities and other organizations. Governments all around the world are putting in place supportive regulatory frameworks to encourage the adoption of smart grids, which will drive the smart grid WAN market to new heights.
Global Smart Grid Wide Area Network Market Report Segmentation
By Type
- Wired WAN
- Wireless WAN
By Application
- Commercial
- Education
- Government
- Others
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Smart Grid Wide Area Network (WAN) Market Report Segment by Region
North America
- United States
- Canada
Europe
- Germany
- United Kingdom
- France
- Spain
- Italy
- Rest of Europe
Asia-Pacific
- China
- Japan
- India
- Rest of Asia-Pacific
Rest of the World
- Middle East & Africa
- Latin America
Company Profiles
- Cisco Systems, Inc.
- Microsoft Corporation
- Amazon Web Services (AWS), Inc.
- Moxa Inc.
- NVIDIA Corporation
- Belden Inc.
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