The
global smart grid market that projects the market to attain a value
of US$118.1 billion by 2019, expanding at a high double-digit CAGR of
18.2% between 2013 and 2019.
Browse
Global Smart Grid Market Report with Full TOC at
http://www.transparencymarketresearch.com/smart-grid-market.html
According
to the research report, titled “Smart Grid Market (Advanced
Metering Infrastructure, Distribution Automation, Software and
Hardware, Communication Technologies, Transmission Upgrades, Cyber
Security) - Global Industry Analysis, Size, Share, Growth, Trends and
Forecast 2013 - 2019”, the most notable recent trend in the global
smart grid market is the uptake of advanced technologies as well as
the modernization of the older ones. Also on the horizon is the
upcoming trend of pre-payment of electricity.
The
decrement in transmission and loss in distribution has fueled the
demand for power supply in Asia Pacific, resulting in significant
growth of the global smart grid market, notes the study.
Additionally, the rules and regulations pertaining to electricity in
Asia Pacific and North America are expected to stimulate the
development in the smart grid industry in the global arena. However,
the high cost associated with the deployment of smart grid coupled
with the dearth of interoperability standards is hampering the growth
of the global smart grid market to a great extent.
Based
on the technology employed in the global market for smart grids, the
report classifies the industry into the markets for hardware and
software, advanced metering infrastructure, distribution automation,
communication technologies, transmission upgrades, and cyber
security. In 2012, the market for transmission upgrades accounted for
the largest portion in the global smart grid market based on
technology. The advanced metering infrastructure market and the
distribution automation technologies market stood at the second and
third position in the smart grid industry across the globe,
respectively.
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Research
analysts at TMR expect the market for transmission upgrades to lead
the global smart grid market and the market for distribution
automation to hold a significant share of the overall market during
the forecast period.
The
research study distributes the global smart grid market into the
regional markets in North America, Europe, Asia Pacific, and the Rest
of the World. In 2012, the smart grid market in Asia Pacific
accounted for more than 45% of the overall industry positioning it as
the market leader. The regional market is anticipated to capture
additional share during the forecast period, but without disturbing
the ranking of other regional smart grid market.
The
report determines the global smart grid industry as a fragmented
market. The major participants of this market profiled in this report
are Schneider Electric, Aclara, Alstom, GridPoint Inc., Siemens,
Schweitzer Engineering Lab Inc. (SEL), Itron, Sensus, Silver Spring
Networks, Landis+Gyr, Comverge, and eMeter.
Hitherto,
these players operated only in their respective regional smart grid
markets; but, they are extremely focused on expanding their
businesses in the global arena. Multiple mergers and acquisition are
on the horizon, which in turn, are expected to consolidate the global
smart grid market over the forecast period, states the report.
Browse
Press Release Of Smart Grid Market
http://www.transparencymarketresearch.com/pressrelease/smart-grid-market.htm
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