- The key vendors in the global smart grid home area network market 2015-2019 are Control4 Corp., Tendril Networks Inc., Cisco Systems Inc., Silver Spring Networks Inc. and GE
London, 10 September 2015: Technavio, an independent tech-focused global research firm, has announced the publication of its market research report on the global smart grid home area network market 2015-2019. The demand for N-PLC is increasing because of the widespread attention to its application for smart grids. N-PLC is used in smart energy generation, particularly in solar panels for micro-inverters. The global smart grid home area network market 2015-2019 is expected to grow at a CAGR of 15% between 2014 and 2019.
The smart grid sector includes smart grid applications such as smart energy meters, SCADA systems, IT, and other communication networks. Smart grid communication technology will hold a considerable share in the smart grid sector, which is witnessing rapid growth.
“The various important technology standards in the global smart grid home area network market include ZigBee. It is one of the most important global wireless networking standards, and is designed for controlling and monitoring various smart grid applications,” says Faisal Ghaus, Vice President of Technavio Research.
“The adoption of ZigBee technology is one of the main reasons for the growth of the global smart grid communications market. More than 85 percent of HAN devices use ZigBee technology.”
To define the market conditions in the next 3-4 years, Technavio analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.
https://www.technavio.com/%3Cp%3EIf%20you%20are%20interested%20in%20more%…
