Increased
efficiency and optimization achieved through the use of smart grids
is a key force driving the global market, states Transparency Market
Research in its latest report. The study is titled “Smart Grid
Market - Global Industry Analysis, Size, Share, Growth, Trends and
Forecast 2013 - 2019”, and indicates that registering an impressive
CAGR of 18.20% from 2013 to 2019, the global smart grids market for
is projected to grow from a value of US$37.7 bn in 2012 to US$118.1
bn in 2019.
In-depth
research report on Smart Grid Market with Full TOC at :
http://www.transparencymarketresearch.com/smart-grid-market.html
The
smart grid market is fueled by a number of factors such as favorable
policies and regulations, surging demand for power from across major
regions, higher distribution and transmission losses in Asia Pacific,
and rising demand for quality, reliable, and secure power supply.
However, absence of common interoperability standards is likely to
impede the growth of the smart grid market.On the basis of
technology, the smart grid market is segmented into distribution
automation, communication technologies, cyber security, advanced
metering infrastructure, software and hardware, and transmission
upgrades. In 2012, transmission upgrades made for the largest
technological segment of the smart grid market, followed by advanced
metering infrastructure and distribution automation. The demand for
transmission upgrades is anticipated to stay strong throughout the
forecast period owing to rising demand for reliable, efficient, and
secure interstate electric transmission and distribution networks.
On
the basis of geography, the global smart grid market is divided into
North America, Europe, Asia Pacific, and Rest of the World.
Accounting for a share of over 45.0% in 2012, Asia Pacific dominates
the worldwide market and is anticipated to retain its lead through
2019. This market is fueled by the growth in countries such as India
and China, which are expected to make Asia Pacific the most rapidly
developing regional market for smart grids. Asia Pacific is followed
by North America and Europe, and even though the APAC smart grid
market is likely to gain additional market share by 2019, the
regional rankings is projected to remain the same.
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The
smart grid market is extremely fragmented in nature and there is no
single player that occupies a major share of the market. While the
presence of domestic players characterizes the vendor landscape of
this market, these companies have begun diversifying globally by
suitably and strategically pursuing mergers and alliances.Some of the
most prominent players competing in the global smart grid market are
eMeter, Schweitzer Engineering Laboratories, Inc., Landis+Gyr, Itron,
Schneider Electric, Aclara, GridPoint, Inc., Siemens, Sensus,
Comverge, Silver Spring Networks, and Alstom. Each of these companies
is profiled in the smart grid market research report based on
attributes such as company and financial overview, recent
developments, business strategies, strengths, weaknesses,
opportunities, and threats.
Smart
Grid Market: Technology Analysis
- Advanced Metering Infrastructure
- Distribution Automation
- Software and Hardware
- Communication Technologies
- Transmission Upgrades
- Cyber Security
Smart
Grid Market: Geography Analysis
North
America
- United States
- Canada
Europe
- Italy
- Germany
- United Kingdom
- France
- Spain
Asia
Pacific
- China
- India
- Japan
Rest
of the World
Browse
Article Of Smart Grid Market :
http://www.transparencymarketresearch.com/article/smart-grid-market.htm
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Us
Transparency
Market Research (TMR) is a global market intelligence company
providing business information reports and services. The company’s
exclusive blend of quantitative forecasting and trend analysis
provides forward-looking insight for thousands of decision makers.
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research techniques to develop distinctive data sets and research
material for business reports.
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