Smart grid markets: Substantial growth expected for several sectors
We’ve picked a few reports from the abundance of smart grid market research reports. This selection touches on a variety of sectors, including smart cities, distribution automation and plug-in electric vehicles to name a few.
A new study, Smart Cities Market (Smart Home, Building Automation, Energy Management, Industrial Automation, Smart Healthcare, Smart Education, Smart Water, Smart Transportation, Smart Security), Services) - Worldwide Market Forecasts and Analysis (2014 - 2019), reports that the global smart cities market is expected to grow from $654.57 billion in 2014 to $1,266.58 billion by 2019, at an estimated Compound Annual Growth Rate (CAGR) of 14.1% from 2014 to 2019. Read more >>
The global distribution automation market is expected to grow at a CAGR of 8.67 percent over the period 2013-2018. One of the key factors contributing to this market growth is the need to optimize distribution loss. The Global Distribution Automation market has also been witnessing the increase in mergers and acquisitions. However, the lack of product differentiation could pose a challenge to the growth of this market. Read more >>
As electricity demand continues to increase, nearly all major Asia-Pacific (APAC) countries are pursuing the deployment of smart grid technology to increase the efficiency of their power distribution systems, and China is leading the region in terms of its smart grid development projects, says a new report from research and consulting firm GlobalData. Read more >>