NEW YORK, March 29, 2018 (GLOBE NEWSWIRE) -- A smart grid is an electric grid that has been digitized for two way communication between producers and consumers. Its main objective is to update electricity infrastructure to make for more advanced communication and sensory technology. A smart grid is nothing but an electric grid which has a variety of operational and energy measures including smart appliances, renewable energy, smart meters and other energy efficient resources. The important aspects of smart grids are electronic power conditioning and control of the production. The benefit of a smart grid is that it is a reliable source of communication, with more efficient electricity usage and improved sustainability.

There is a huge scope of smart grid in the last few years for adoption of smart meters and regional government initiatives funding for smart grid projects. Smart grids have high usage where cities are being transformed into smart cities; there it will play a vital role.

The Smart Grid Market is segmented by database security, network security, application security and endpoint security. Database security eliminates malicious dangers and attacks. Network security provides approaches and practices that prevent unauthorized access, modification or misuses of network accessible resources and computer networks.

The major industrial sector in which it creates a huge difference is Automotive. Oil & Gas, Mining, Manufacturing industry and Building Automation. The Smart Grid Market is broadly divided by software, hardware and service. Smart grid by software is as follows: Smart grid distribution system, Grid asset management, Advanced metering infrastructure, substation automation, smart grid communication. Some of the major players operating in the smart grid market are ABB Ltd. (Switzerland), Wipro Ltd (Bengaluru), Cisco System Inc. (U.S), Siemens AG (Germany), General Electric Company (U.S.), Oracle Corporation (U.S.), Open System International, Inc. (U.S.), International Business Machines Corporation (U.S.), Schneider Electric Sa (France). The Smart grid market by geography is spread across North America, Europe, Asia Pacific, Middle East & Africa and Latin America.

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Asia-Pacific Industrial Smart Grid Market: Product Type

• Software

• Hardware

• Service

Asia-Pacific Industrial Smart Grid Market, by End User

• Automotive

• Oil & Gas

• Mining

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Asia-Pacific Industrial Smart Grid Market: Companies Covered

• ABB

• Siemens

• Cisco

• Belden

• Deutsche Telekom

• Microchip Technology Inc.

• Itron

• Fujitsu

• GE

• Huawei

• Schneider Electric

• Landis+GYR

• Aclara Technologies

• Open Systems International

• International Business Machines Corporation

• Wipro Limited

• Oracle Corporation

Asia-Pacific Industrial Smart Grid Market report delivers comprehensive analysis of:

• Market Forecast for 2018-26
• Market growth drivers
• Challenges and Opportunities
• Emerging and Current market trends
• Market player Capacity, Production, Revenue (Value)
• Supply (Production), Consumption, Export, Import analysis
• End user/application Analysis

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