The Global Grid Optimization Solutions Market is expected to grow at a CAGR of 16.4 percent during the period 2013-2018.
London, 31 July 2014: TechNavio, an independent tech-focused global research firm, announced today the publication of its market research report on Global Grid Optimization Market 2014-2018.
The report notes that growing energy demands and an increased number of power outages have spurred the need for grid optimization solutions. By 2018, utilities in most of the developed nations will have effective communication infrastructure, which will help distribute automation applications in a better manner.
Grid optimizations gives utilities and grid operators digital control of the power delivery network. Grid optimization solutions aim to improve the power system infrastructure, thereby reducing the need for investment in new generation, transmission, and distribution facilities. These applications focus on the reduction of the overall cost of delivering power to end-users in addition to improving the reliable delivery of power. 
“It is estimated that investment in smart grids will reach US$100 billion worldwide by 2015. Their emergence has led to the creation and growth of innovative technologies, including those deployed in the Global Grid Optimization Solutions Market,” says Faisal Ghaus, Vice President of TechNavio Research.
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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