Smart grid markets: what theyâ€™re doing, where theyâ€™re heading
This round up of selected smart grid and related market research reports features analyses and trends in several sectors, from smart water and cybersecurity to smart grid infrastructure investment in emerging countries and small-wind power and concentrated photovoltaics.
The smart water networks market is attracting a wide range of new players and presenting established players with the opportunity to expand their business into new areas. According to a new report from Navigant Research, the global smart water networks market will expand from $1.1 billion in annual revenue in 2013 to more than $3.3 billion in 2022. â€œThe water industry is hungry for change, but also conservative in its operations and restricted in its financial options,â€ says Eric Woods, said research director with Navigant Read more >>
The global smart grid cybersecurity market is expected to grow at a CAGR of 29.43 percent over the period 2012-2016. One of the key factors contributing to this market growth is the increase in cyber threats. The global smart grid security systems market has also has seen growth in the adoption of cloud-based smart grid solutions. However, high installation costs could pose a challenge to market growth. Read more >>
This report from Research and Markets forecasts the cumulative value of the smart grid market will surpass $400 billion by 2020, increasing with an average compound annual growth rate of over 8%. The report examines the global smart grid market from the perspective of growth and market share of technologies and services. The report specifies the biggest growth opportunities for the next eight years and markets most attractive to investors and utility vendors. Topics covered include AMI, smart grid data analytics, transmission upgrades, cybersecurity and additional categories. Read more >>
With more incentives from various governments and larger end-user awareness, the small-wind power market is expected to increase massively, from $609m in 2012 to $3 billion by 2020, at a Compound Annual Growth Rate (CAGR) of 22%, says research and consulting firm GlobalData. According to the companyâ€™s latest report, the global small-wind turbine cumulative installed capacity is also expected to see significant growth, from 728.3 Megawatts (MW) in 2012 to 4,644.7 MW by 2020, at a CAGR of 26.1%. Additionally, China, the US and UK contributed to more than 80% of the global small-wind power installed capacity in 2012, with 266 MW, 216 MW and 118 MW, respectively. Read more >>