Key vendors include ABB, Aegis Defence Services, BAE Systems, Cassidian SAS, Elbit Systems, Ericsson, Flir Systems, Honeywell International, Siemens
TechNavio, the independent London-based global research firm, shared its research findings from its latest report on the Global Energy Security Market, which finds increasing construction of Smart Power Grid as a key trend affecting this market. The findings are for the forecast period 2014-2018.
As per research analysis, smart power grid investment worldwide will be approximately US$200 billion by 2015. The emergence of the smart power grid is facilitating the growth of several technologies, including those deployed in the Global Energy Security market. Leading vendors like Verizon, Elster, IBM, and eMeter are offering cloud-based smart power grid solutions, as they offer cost savings and resource centralization. This is leading to increasing number of power utilities adopting cloud-based services.
Speaking on this occasion, one of the senior analyst and co-author of this report said, “Globally, the revenues are traditionally derived from developed countries like US, which has a share of 40 per cent due to the increasing implementation of smart power grid projects. UK closely follows this, which has been deploying security measures to protect smart power grids from cyber-attacks, as they are more vulnerable than traditional on-premise solutions. However, during the forecast period, there will be increasing implementation from developing countries like China, which is concentrating on building a secured network to avoid cyber-attacks.”
To determine the scenario for these vendors 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.
If you are interested in more information on this topic and our upcoming research on Global Energy Security Market 2014-2018, please send an e-mail to media@TechNavio.com
About TechNavio
TechNavio is a leading technology research and advisory company with a global coverage. We focus on emerging technology trends that can shape the market. We identify and explain these trends to our customers to help them take better decisions.
TechNavio models the trends using a mix of quantitative and qualitative tools in its proprietary research methodologies. We build forecasts across market segments and geographies based on the trends identified. These forecasts and analysis are used to help our customers identify new and existing opportunities in their markets. We also help customers assess their competitive position in a changing market scenario.
TechNavio analysts employ primary as well as secondary research techniques to ascertain the size and vendor landscape of Global Energy Security Market. Our analysts obtain the information using a combination of the bottom-up and top-down approaches, besides using in-house market modeling tools. They corroborate this data with the data obtained from various market participants and stakeholders across the value chain, including vendors, service providers, distributors, re-sellers, and end-users.
Decision makers and influencers in sales & marketing, strategy, product and R&D teams rely on research from TechNavio. We have a large and growing base of happy customers worldwide. Our customers include technology suppliers, end users, consulting companies, investment firms and research institutes.
Founded in 2003, TechNavio has about 200 analysts globally. We cover more than 500 technologies across 80 countries. Our analysts are closely monitoring the market every day by talking to all the industry participants. We have proprietary databases that provide us with a complete perspective of the market. TechNavio develops over 2000 pieces of research deliverables every year.
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