Smart Power Distribution System Market 2020: Trends, Growth Factors, Key Countries Analysis by Leading Players With Forecast to 2023
Overview: The global smart power distribution system market is poised to touch a valuation of USD 43.58 billion by 2023, according to Market Research Future (MRFR). It stood at USD 19.71 billion in 2017. The market is driven by developments in grid infrastructure and inclination of governments towards renewable sources of energy. Government mandates and policies supporting the movement can augur well for the market from 2018 to 2023 (forecast period). Get Sample Copy @ https://www.marketresearchfuture.com/sample_request/6682 Increasing consumer demand for uninterrupted power supply and high internet connectivity can spur the demand for smart power distribution systems. Integration of automation in industrial sectors to tackle power outage and optimize control of machines via remote-controlled switches can augur well for the global market. Development of smart cities can assist the smart power distribution system market to expand at a CAGR close to 14% over the forecast period. But high