TechNavio today launched its report Global Smart Grid Home Area Network Market 2011-2015 based on an in-depth study covering the Americas, and the EMEA and APAC regions. The report aims to aid decision makers’ understanding of the significant trends impacting this market.
Commenting on the report, an analyst from TechNavio’s Clean Tech team said: ”The increase in the standards for the smart grid HAN is one of the major trends in the market. The Global Smart Grid Home Area Network (HAN) market is growing at a moderate pace because many vendors are venturing into the business of home energy management. New technologies, for instance cloud-based technology, are influencing many utilities to find an easy and cost-effective way of connecting HANs to their systems. All these factors together are expected to help the Global Smart Grid HAN market to grow at a moderate pace in the future.”
According to the report, one of the major drivers for the growth of the Global Smart Grid HAN market is the integration of various technologies into the power grid. The technological advancements taking place in various areas such as energy generation, energy storage, power distribution, and power consumption is leading to an increased need for better management of power-related appliances at home by customers, which is triggering the growth of the Global Smart Grid HAN market.
Further, the report discusses that one of the key challenges in the market is the increased exposure to cyber-attacks.
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 players. For further information on this report, please visit http://goo.gl/fvtvD
TechNavio, the market research platform of Infiniti Research Ltd, publishes periodic reports on niche and emerging technologies. For more information on our Clean Tech, please visit https://www.technavio.com/clean-technology
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TechNavio Announces the Publication of its Report – Global Smart Grid Home Area Network Market 2011-2015
