Global Smart Grids Market to Reach $186.7 Billion by 2015, According to New Report by Global Industry Analysts, Inc.

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GIA announces the release of a comprehensive global report on Smart Grids markets. The world market for smart grids is projected to reach $186.7 billion by the year 2015. This is primarily driven by increasing demand for electricity, the need for more efficient electrical energy system and the requirement to replace an ageing electric infrastructure. Additionally, environmental concerns related to the development of renewable sources of energy are also expected contribute to the market growth.

Smart Grids: A Global Strategic Business Report

Smart grids are considered the center of the liberalized market of electricity having greater penetration of energy distribution. Today, smart grids have become an inevitable component of the upcoming power system, as they enable power supply with higher reliability. The smart grid is principally an upgraded version of power grid of 20th century designed to broadcast power to a number of users from central power generators. The smart grid potentially enables routing of power in many ways to fulfill the required conditions. Renewable energy groups prefer smart grids, since most of the renewable sources of energy are intermittent, dependant on nature and are thus required to effectively reduce the demand for electricity through 'load shedding', in case the natural source of energy fails to occur.

The United States dominates the world smart grids market as stated by the new market research report on Smart Grids market. Factors including automated, integrated communication between electric grids and components, measurement and sensing technologies, automated controls for repairs and distribution, and decision support software and improved management dashboards are likely to play a pivotal role in the development of smart grids. Moreover, environmental concerns regarding the development of renewable sources of energy also drove the development of smart grids all across the world.

Key opportunities offered by the smart grid market are not limited for power marketers, utilities, energy producers, venture capitalists, and investors. In the coming few years, the worldwide smart grid market is expected to include various players such as providers of software, hardware, and communications equipment, as well as devices.

Key players profiled in the report include ABB Limited, AREVA T&D, BPL Global, Ltd., Duke Energy Corporation, EnerNOC Inc., General Electric Company , GÖRLITZ AG, GridPoint Inc., Landis+Gyr AG, Itron Inc., Siemens AG, SmartSynch Inc., SP AusNet, Trilliant Networks Inc., and Xcel Energy Inc.

The report titled "Smart Grids: A Global Strategic Business Report" announced by Global Industry Analysts, Inc., provides a comprehensive review of market trends, competitive scenario, technological overview, product introductions/innovations, and recent industry activity. The study analyzes market data and analytics in terms of value sales for regions including The United States, and Rest of World by the following technology type - Sensors & Devices, IT Related, Integrated Communications, and Smart Meters.

For more details about this comprehensive market research report, please visit -
http://www.strategyr.com/Smart_Grid_Market_Report.asp

About Global Industry Analysts, Inc.
Global Industry Analysts, Inc., (GIA) is a reputed publisher of off-the-shelf market research. Founded in 1987, the company is globally recognized as one of the world's largest market research publishers. The company employs over 800 people worldwide and publishes more than 1100 full-scale research reports each year. Additionally, the company also offers thousands of smaller research products including company reports, market trend reports, and industry reports encompassing all major industries worldwide.

Global Industry Analysts, Inc.
Telephone 408-528-9966
Fax 408-528-9977
Email press(at)StrategyR(dot)com
Web Site http://www.StrategyR.com/

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