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Research and Markets: Global Smart Grid Technology Report 2012-2016 with Echelon, Elster, GE Energy, Itron, Landis+Gyr & Sensus USA Dominating

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12/02/2013 | 11:48am EDT

Research and Markets (http://www.researchandmarkets.com/research/lvwdnz/global_smart_grid) has announced the addition of the "Global Smart Grid Technology Market 2012-2016" report to their offering.

The Global Smart Grid Technology market to grow at a CAGR of 29.47 percent over the period 2012-2016.

One of the major drivers in this market is the aging power grid infrastructure. As various power grids across the world were built many years ago, the reliability of such grids during power blackouts and environmental changes is declining. This increases the need for upgrading the power grids, which is facilitated by the integration of various smart grid technologies into them; this will in turn increase their reliability.

The advancement of technology in various sectors is one of the major positive trends observed in the Global Smart Grid Technology market. For instance, the advancement of technologies in the Telecom, IT, and Energy industries has enabled the integration of all these sectors into the power grid with the help of smart grid technologies. The advancement of smart grid technologies has taken place in almost all the stages of power infrastructure such as energy generation, energy storage, power distribution, and power consumption. Smart grid technology also includes the integration of advanced technologies such as the internet, computers, and wireless networking into the power grid. This integration of various technologies into the power grid is expected to have a positive effect on the Global Smart Grid Technology market during the forecast period.

Further, the report states that one of the major challenges in this market is the high implementation cost. As the vendors in the Smart Grid industry have to spend huge amounts on the installation of various smart grid technologies, several vendors and end-users are reluctant to adopt them. The high costs are due to the Smart Grid industry being in its initial stages of growth, and the industry requires various standardizations; this in turn makes it difficult for the market to grow at a rapid pace in the future.

The key vendors dominating this market space are:

  • Echelon Corp.
  • Elster Group SE
  • GE Energy LLC
  • Itron Inc.
  • Landis+Gyr AG
  • Sensus USA Inc.

Key Topics Covered:

01. Executive Summary

02. Scope of the Report

03. Market Research Methodology

04. List of Abbreviations

05. Introduction

06. Market Landscape

07. Geographical Segmentation

08. Key Leading Countries

09. Buying Criteria

10. Market Growth Drivers

11. Drivers and their Impact

12. Market Challenges

13. Impact of Drivers and Challenges

14. Market Trends

15. Trends and their Impact

16. Vendor Landscape

17. Key Vendor Analysis

For more information visit http://www.researchandmarkets.com/research/lvwdnz/global_smart_grid

Research and Markets
Laura Wood, Senior Manager
U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716
Sector: Environmental

© Business Wire 2013
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