TechNavio recognizes the following companies as the key players in the Global Smart Grid Managed Services Market: Accenture plc, Capgemini S.A., GE Energy LLC, IBM Corp., Lockheed Martin Corp., and Siemens AG.
Commenting on the report, an analyst from TechNavio’s team said: “Various governments across the globe have been supporting the implementation of smart grids across many end-user sectors. Funds are being raised to support the deployment of smart grids along with new technologies and solutions. Smart grid managed services vendors across the globe are investing in smart grid solutions mainly because of this reason. China, for instance, has a nationwide grid extension plan in place. A larger scale of smart grid construction was incorporated in the country’s 12th Five Year Development Plan beginning in 2011. In addition, the US Government has allocated funds of US$4.3 billion for the development of smart grid applications under the Smart Grid Investment Grant program. This is one of the major trends observed in the Global Smart Grid Managed Services market. ”
According to the report, one of the major drivers in the market is the emergence of smart grids. Organizations across the globe are increasingly adopting smart grid technologies to improve their operational performance. This will in turn have a positive impact on the growth of the Global Smart Grid Managed Services market in the future.
Further, the report states that one of the major challenges in this market is the slow upgradation to smart grids by power utilities. Many power utilities across the world are slow in upgrading their power grids to smart grids mainly because of the high costs involved. This will in turn adversely affect the growth of the market in the future.
The report also includes a discussion of the other vendors operating in this market. The other vendors in the market are AT&T Inc., Infosys Ltd., Tendril Networks Inc., Alcatel-Lucent USA Inc., EnerNOC Inc., Ericsson Inc., FirstCarbon Solutions Corp., HCL Technologies Ltd., Itron Inc., Trilliant Energy Services Inc., Verizon Communications Inc., and Wipro Ltd.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors. For further information on this report, please visit https://www.technavio.com/report/global-smart-grid-managed-services-marke…
TechNavio, the market research platform of Infiniti Research Ltd., publishes periodic market research reports on niche and emerging technologies. For more information on our market research, please visit https://www.technavio.com/energy
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TechNavio Announces the Publication of its Research Report -Global Smart Grid Managed Services Market 2012-2016
