Dallas, Texas (PRWEB) February 20, 2015
Smart grid investment worldwide is expected to boom in 2015. The need for better energy management is one of the key trends, upcoming in this market. Along with energy management, Smart grids also save electricity, which is generally lost in T&D networks. Many power utilities are in the process of achieving end-to-end solutions to manage their energy sources. Power utilities have started adopting various smart grid technologies and networking solutions to achieve the overall goal of creating an effective smart grid system.
Analysts forecast the Global Smart Grid Networking market to grow at a CAGR of 11.1% over the period 2014-2019. According to the report, increase in smart grid deployment is one of the key factors in this market’s growth. Many utilities are developing end-to-end solutions to manage the overall energy consumption of their end-users effectively. There have been several large-scale projects undertaken by global companies for smart grid development. The emergence of smart grid technologies is expected to facilitate the growth of several technologies. Power utilities are also adopting smart grid technologies and networking solutions to achieve the overall goal of creating an effective smart grid system.
Smart City is one of the largest and most ambitious commercial-scale trial deployments of smart-grid infrastructure and applications ever undertaken in the world. Many developed countries like the UK, Italy, the US and Japan are aiming to implement these end-to-end solutions by 2020 to enhance the monitoring of energy consumption in their countries. The recognizes the following companies as the key players in the Global Smart Grid Networking Market: ABB Ltd., Cisco Systems, Fujitsu Ltd., GE and Huawei Investment & Holding Co. Ltd.
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Other Prominent Vendors in the market are: Itron, Mitsubishi Electric, Schneider Electric and Siemens.
Further, the report states that the Global Smart Grid Networking market has become highly fragmented and consists of many small and medium-sized vendors, which provide grid communication systems to utilities along with data analytics and networking solutions. Large corporations provide end-to-end solutions to utilities and support in building robust network architecture, whereas small entities provide innovative networking solutions at reasonable costs, which makes the decision making process difficult.
List of Exhibits
Exhibit 1: Market Research Methodology
Exhibit 2: Global Smart Grid Networking Market 2014-2019 (US$ million)
Exhibit 3: Global Smart Grid Networking Market by Type 2014
Exhibit 4: Global Smart Grid Networking Market by Type 2019
Exhibit 5: Global Smart Grid Networking Market by Type 2014-2019
Exhibit 6: Global Smart Grid Networking Market by Hardware 2014-2019 (US$ million)
Exhibit 7: Global Smart Grid Networking Market by Software 2014-2019 (US$ million)
Exhibit 8: Global Smart Grid Networking Market by Services 2014-2019 (US$ million)
Exhibit 9: Global Smart Grid Networking Market by Geographical Segmentation 2014
Exhibit 10: Global Smart Grid Networking Market by Geographical Segmentation 2019
Exhibit 11: Global Smart Grid Networking Market by Geographical Segmentation 2014-2019
Exhibit 12: Smart Grid Data Networking Market in APAC Region 2014-2019 (US$ million)
Exhibit 13: Smart Grid Networking Market in Americas 2014-2019 (US$ million)
Exhibit 14: Smart Grid Networking Market in EMEA Region 2014-2019 (US$ million)
Exhibit 15: ABB: Business Segmentation by Revenue 2013
Exhibit 16: ABB: Business Segmentation by Revenue 2011-2013 (US$ billion)
Other Related Report:
Global Smart Grid Managed Services Market 2015-2019 – The report recognizes the following companies as the key players in the Global Smart Grid Managed Services Market: Accenture plc, Capgemini SA, GE Energy llc, IBM Corp. and Siemens AG.
Other Prominent Vendors in the market are: Alcatel-Lucent US, AT&T, EnerNOC, Ericsson, FirstCarbon Solutions, HCL Technologies, Infosys, Itron, Lockheed Martin, Tendril Networks, Trilliant Energy Services, Verizon Communications and Wipro.
Governments worldwide have started to increasingly support the development of smart grids. Increased adoption of smart grids will lead to better efficiency among power plants. This would be enabled through reduction in T&D and power losses. Reduced T&D losses would help enhance the overall output of power plants and, therefore, help end-users manage their power consumption patterns judiciously through programs such as demand-response.
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