US Government Encouraging Growth of Smart Grid Optimization Solutions Market13 Oct 2011 • by Natalie Aster
A recently published report “Smart Grid Optimization Solutions Market in the United States 2010-2014” by Infiniti Research reveals that the Smart Grid Optimization Solutions market in the United States (US) is expected to grow at a CAGR of 40.1 percent over the period 2010–2014. The report, which focuses on the US exclusively, indicates that the market is being driven by integration of renewable energy generation, among other factors.
According to Technavio’s industry analyst, “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.”
Smart Grid Optimization Solutions Market in the United States 2010-2014
Published: September 2011
Price: US$ 1,500.00
The report also highlights that the lack of standardization is hindering the growth of this market. However, with these grids bringing increased return on investment, the market is expected to keep growing. This market is also marked by strong support from the US Government in the form of initiatives. These are just some of the important findings presented in the report that will enable companies to fully understand the potential in this market and formulate their own strategies.
The report is based on extensive research conducted with industry experts, vendors, and end-users. It examines the key trends, drivers, and challenges impacting the evolution of this market. The report also contains incisive insights and SWOT analyses regarding the key vendors in this market.
Companies mentioned in the report include ABB, Schweitzer Engineering Laboratories Inc., S&C Electric Co., GE Energy, and Schneider Electric.
More information can be found in the report “Smart Grid Optimization Solutions Market in the United States 2010-2014” by Infiniti Research.
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