Government Funds Encouraging Growth of Smart Grid Communications03 Nov 2011 • by Natalie Aster
A recently published report “Global Smart Grid Communications Market 2010–2014” by Infiniti Research reveals that the Global Smart Grid Communications market is expected to grow at a CAGR of 12.2 percent over the period 2010–2014. The report, which covers the Americas as well as the EMEA and APAC regions, indicates that the market is being driven by the various incentives offered by the government for smart grids.
According to Technavio’s industry analyst, “Various governments have been supporting the development of smart grids by allocating funds to vendors and utility providers. China, for instance, has a nationwide grid extension plan in place. It has incorporated many smart grid applications including communication networking systems within its overall smart grid expansion projects. The US Government too has offered grants under the Smart Grid Investment Grant program. Such incentives are some of the key drivers to the growth of this market.”
Global Smart Grid Communications Market 2010–2014
Published: September 2011
Price: US$ 1,500.00
The report also highlights that the slow return on investment is hindering the growth of this market. However, the growing number of smart meters is expected to boost the growth of this market. This market is also marked by significant growth of the European Market. 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 Silver Spring Networks, Itron Inc., Sensus, Landis+Gyr, and Elster.
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