The
report states that the market will expand at an 18.20% CAGR between
2013 and 2019 and rise to a valuation of US$118.1 bn by 2019. The
report credits factors such as the rising modernization of old grid
networks and the rising popularity of pre-payment for electricity for
the increased adoption of smart grids across the globe. Factors such
as favorable regulations and policies, the mounting demand for power
in major regional markets, high transmission and distribution losses
in Asia Pacific, and the rising demand for a secure, reliable, and
high-quality power supply are also propelling the market for smart
grids significantly. However, the high cost associated with the
deployment of smart grid networks, coupled with the absence of
interoperability standards, is a factor that are hindering the
market’s growth to a certain extent.
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the full Smart Grid Market report at
: http://www.transparencymarketresearch.com/smart-grid-market.html
The
report segments the global smart grid market on the basis of two
criteria: technology and geography.On the basis of technology, the
market is segmented into hardware and software, distribution
automation, advanced metering infrastructure, transmission upgrades,
communication technologies, and cyber security. Of these, the segment
of transmission upgrades accounted for the largest share in the
market in 2012. The segments of advanced metering infrastructure and
distribution automation held the second and third largest share in
the market in the same year. The report states that the segment of
transmission upgrades will lead the global smart grid market and the
segment of distribution automation will have a significant share in
the global market over the report’s forecast period.
On
the basis of geography, the report segments the global smart grid
market into Asia Pacific, North America, Europe, and Rest of the
World. Of these, the segment of Asia Pacific held more than 45% of
the global market in 2012, positioning itself as the market leader.
Asia Pacific is also projected to acquire a larger share in the
global market over the report’s forecast period.The report examines
the competitive landscape of the market on the basis of detailed
business profiles of some of the key vendors in the market, recent
developments, and a SWOT analysis of key market vendors. The report
states that the market is fragmented owing to the presence of a large
number of companies.
Some
of the key participants in the global smart grid market are Aclara,
Schneider Electric, Siemens, Alstom, Schweitzer Engineering Lab Inc.
(SEL), Comverge, GridPoint Inc., Sensus, Itron, Silver Spring
Networks, eMeter, and Landis+Gyr. Most of these companies had
operations in their respective regional markets until the recent
past. However, a rising focus on business expansion has been observed
in the past few years in the market and is projected to lead to many
mergers and acquisitions in the near future.
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The
global smart grid market is segmented as:
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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