- The key vendors in the Global Smart Grid Managed Services Market 2015-2019 are Accenture plc, Capgemini SA, GE Energy llc, IBM Corp. and Siemens AG.
London, 20 January 2015: TechNavio, an independent tech-focused global research firm, has announced the publication of its market research report on the Global Smart Grid Managed Services Market 2015-2019. Governments worldwide have started to increasingly support the development of smart grids. Increased adoption of smart grids will lead to better efficiency among power plants. This would be enabled through reduction in T&D and power losses. Reduced T&D losses would help enhance the overall output of power plants and, therefore, help end-users manage their power consumption patterns judiciously through programs such as demand-response. The overall market is expected to grow at a CAGR of 53.25 percent during the forecast period of 2014-2019.
“Smart grid technologies have started to develop various services and technologies such as service-based energy service and lighting controls,” says Faisal Ghaus, Vice President of TechNavio Research.
“Investment in R&D is expected to increase significantly during the forecast period because of increased need for energy-efficient smart grid systems that inflict minimal harm on the environment and cause less T&D losses.”
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.
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