Transmission Professionals Group
The Transmission Professionals special interest group covers the distribution of power from generation to final destination.
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Renewable Energy and Carbon Reduction Drive Smart Grid Investments
Now is a time when utilities are investing in smart grid technology. That deduction comes from a report by Emergen Research, which projects that US smart grid revenue will increase from $29.80 billion in 2019 to $122.97 billion in 2027, a Compound Annual Growrth Rate of 20.5%. Growing use of renewables and the desire to lower carbon emissions highlight spending initiatives. Smart Grid distribution Management, the largest market share with 41.0% in 2019, optimizes renewal energy distribution and minimizes for customers’ electricity bills.
Renewable Energy and Carbon Reduction Drive Smart Grid Investments
The aging power distribution infrastructure and the increasing investments in the technological advancements of the smart grid systems are driving the demand of the market. Market Size – USD 29.80 billion in 2019, Market Growth – CAGR of 20.5%, Market
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