Smart Grid Market
REPORT DESCRIPTION
Smart Grid Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2013 2019
According to a new market report published by Transparency Market Research "Smart Grid (Advanced
Metering Infrastructure, Distribution Automation, Software and Hardware, Communication Technologies,
Transmission Upgrades, and Cyber Security) Market - Global Industry Analysis, Size, Share, Growth, Trends
and Forecast, 2013 - 2019," global smart grid market was valued at USD 37.7 billion in 2012 and is
expected to reach 118.1 billion in 2019, growing at a CAGR of 18.2% from 2013 to 2019.
Browse the full Smart GridMarket Report at http://www.transparencymarketresearch.com/smart-gridmarket.html
Unbalanced nature of demand of power supplemented by increasing transmission and distribution losses
coupled with policy and regulation for smart grid are expected to bolster the demand for the global smart
grid market. Additionally, increasing need of reliable, secure, and quality of power supply and the
increased efficiency achieved through the grid optimization is anticipated to augment the demand for the
global smart grid market. Lack of interoperability and open standards can hamper the growth in the
market. However, emerging option of prepayment of electricity with the deployment of advanced metering
infrastructure is expected to offset the growth restraints, and further boost the growth in the global smart
grid market.
Key technology analyzed in this market study includes: advanced metering infrastructure, distribution
automation, software and hardware, communication technologies, transmission upgrades, and cyber
security. Transmission upgrades held a majority of the global market share followed by the distribution
automation, and advanced metering infrastructure technologies in 2012. The demand for an efficient,
reliable, and secure interstate transmission and distribution network that can integrate renewable sources
of energy, presently stranded worldwide, is expected to bolster the demand for transmission upgrades.
However, with the market for transmission upgrades is expected to mature in the future. With the
electrical transmission and distribution infrastructure upgrades, the utilities are expected to successfully
integrate renewable sources of energy as well as the other smart grid technologies. The global market for
smart grid technology is likely to grow at a CAGR of 18.2% between 2013 and 2019.
Transparency Market Research
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