Smart grid optimization market exploding, claims new report

Quick Take: We've been beating the grid optimization drum for a while now. We've been alerting you that it would be the Next Big Thing. Now MarketResearch.com has released a new report that reveals the market will grow at more than 40% year over year from 2010-2014. Granted, it is starting from a relatively small base. Even so, that is an astounding number. The companies most likely to benefit include ABB, GE, S&C Electric and Schneider. – Jesse Berst

The new report from MarketResearch.com focuses exclusively on the U.S. market. It suggests that the grid optimization market is being driven by integration of renewable energy generation, among other factors.

As one analyst put it: "Several utilities have integrated renewable energy into electricity generation. The generation of wind energy and solar energy is being increasingly adopted in order to reduce CO2 emissions and conserve natural resources. Smart grid optimization solutions help in facilitating and integrating renewable energy into the power distribution system. This market has also been growing because of the competitive advantage that utilities have in developing renewable energy sources."

Jesse Berst is the founder and chief analyst of Smart Grid News.com. He consults to smart grid companies seeking market entry advice and M&A advisory. A frequent keynoter at industry events in the US and abroad, he also serves on the Advisory Council of Pacific Northwest National Laboratory's Energy & Environment directorate.  

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