Smart Grid Technology Market worth $80.6 Billion by 2016
According to a new market research report “Smart Grid Technology Market - Analysis &
Global Forecast By Hardware, Software & Communication Network Technologies (2011 -
2016)” published by MarketsandMarkets (www.marketsandmarkets.com), the total smart grid
technology and related application market is expected to reach $80.6 billion by 2016 at a CAGR
of 28.7% from 2011 to 2016.
Browse over 85 market data tables and in-depth TOC on “Smart Grid Technology Market -
Analysis & Global Forecast By Hardware, Software & Communication Network Technologies
(2011 - 2016)”
Early buyers will receive 10% customization of reports
The need of efficient energy promotes the use of smart grid. Smart grid is the latest technology
adopted by the power utility to reduce the transmission and distribution loss and also to make the
grid line more efficient. The major advantage of the smart grid network is the bidirectional
communication network, wherein the utilities and the end-user are able to effectively
communicate with each other.
A smart grid is not just about installing smart meters across residential and commercial areas, but
also about the ability to control the entire energy network. Setting up a communications network
is equally essential for the smart grid network.
Countries like Australia, UK, France, Italy, and U.S. have the highest potential across all the
geographies. The communication networks have high growth potential and the smart grid
technology market size is expected to increase in the next five years.
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