Global Smart Grid Market is Expected to Reach USD 118.12 Billion in 2019: Transparency Market Research

  Global Smart Grid Market is Expected to Reach USD 118.12 Billion in 2019:
                         Transparency Market Research

  PR Newswire

  ALBANY, New York, July 17, 2014

ALBANY, New York, July 17, 2014 /PRNewswire/ --

According to a new market report published by Transparency Market Research
"Smart Grid (Advanced Metering Infrastructure, Distribution Automation,
Software and Hardware, Communication Technologies, Transmission Upgrades, and
Cyber Security) Market - Global Industry Analysis, Size, Share, Growth, Trends
and Forecast, 2013 - 2019," global smart grid market was valued at USD 37.7
billion in 2012 and is expected to reach 118.1 billion in 2019, growing at a
CAGR of 18.2% from 2013 to 2019.

Browse the full Smart Grid Market Report at

Unbalanced nature of demand of power supplemented by increasing transmission
and distribution losses coupled with policy and regulation for smart grid are
expected to bolster the demand for the global smart grid market. Additionally,
increasing need of reliable, secure, and quality of power supply and the
increased efficiency achieved through the grid optimization is anticipated to
augment the demand for the global smart grid market. Lack of interoperability
and open standards can hamper the growth in the market. However, emerging
option of prepayment of electricity with the deployment of advanced metering
infrastructure is expected to offset the growth restraints, and further boost
the growth in the global smart grid market.

Browse Updated Press Release of Smart Grid Market @

Key technology analyzed in this market study includes: advanced metering
infrastructure, distribution automation, software and hardware, communication
technologies, transmission upgrades, and cyber security. Transmission upgrades
held a majority of the global market share followed by the distribution
automation, and advanced metering infrastructure technologies in 2012. The
demand for an efficient, reliable, and secure interstate transmission and
distribution network that can integrate renewable sources of energy, presently
stranded worldwide, is expected to bolster the demand for transmission
upgrades. However, with the market for transmission upgrades is expected to
mature in the future. With the electrical transmission and distribution
infrastructure upgrades, the utilities are expected to successfully integrate
renewable sources of energy as well as the other smart grid technologies. The
global market for smart grid technology is likely to grow at a CAGR of 18.2%
between 2013 and 2019.

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Asia Pacific is expected to dominate the global market for smart grid in 2012,
accounting for more than 45% of the global market share. Increasing investment
coupled with the rising demand for smart grid technologies, and higher
transmission and distribution losses attributed to the adoption of smart grid
in the region. Asia Pacific is expected to capture additional market share by
2019; however, the regional rankings in terms of market share are likely to
remain same over the forecast period. Key players in the market include
Sensus, Silver Spring Networks, Siemens, Landis+Gyr, Schneider Electric,
Itron, Aclara, Alstom among others. The research analyzes and estimates the
market of smart gird in the global scenario, providing detailed trend analysis
of the market by technology and geography, and as well the comprehensive
analysis of the companies that are dealing in the global smart grid market.
The report presents a thorough assessment of the strategies followed by
different smart grid stakeholders by segmenting the smart grid market as

  *Global Smart Grid Market: Technology Analysis 

    Advanced Metering Infrastructure

    Distribution Automation

    Software and Hardware

    Communication Technologies

    Transmission Upgrades

    Cyber Security

Browse the full Smart Grid Market Report at

i.Global Smart Grid Market: Geography Analysis 

   North America

Browse All Energy & Mining Market Research Reports @

About Us 

Transparency Market Research (TMR) is a market intelligence company, providing
global business information reports and services. Our exclusive blend of
quantitative forecasting and trends analysis provides forward-looking insight
for thousands of decision makers. TMR's experienced team of Analysts,
Researchers, and Consultants, use proprietary data sources and various tools
and techniques to gather and analyze information.

Our data repository is continuously updated and revised by a team of research
experts, so that it always reflects the latest trends and information. With a
broad research and analysis capability, Transparency Market Research employs
rigorous primary and secondary research techniques in developing distinctive
data sets and research material for business reports.

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