London, 10 September 2014 – TechNavio, a global tech-focused research firm has added a report on the Global Smart Grid Communications Market 2014-2018 to its growing research library.
About Smart Grid Communications
Smart grid communication networks provide essential infrastructure, allowing utilities to manage smart grid devices from a central location. With technological advancements, new field-based sensors, wireless technologies and mobile devices are being used for the support of SCADA systems. This allows traditional power grids to become more resilient, reliable and efficient.
According to latest TechNavio report, the global smart grid communications market is expected to grow at a CAGR of 10.8 percent from 2014-2018. The report highlights an increase in smart grid deployments and government support to the smart grid communications industry are expected to drive market growth. The report also provides detailed vendor analysis for key vendors in the market, including:
- Echelon Corp.
- Itron Inc.
- Landis+Gyr AG
- Sensus USA Inc.
- Silver Spring Networks Inc.
TechNavio takes into account increased demand for narrow power line communications (N-PLC) and growing adoption of standards as trends influencing market growth. The use of N-PLC has increased in areas such as renewable energy, advanced metering and electrical vehicles, which is aiding overall growth.
“Power utilities around the globe have been investing, in order to change the way data is transmitted and collected from consumers through various communication networks. AMI-enabled meters are being deployed to facilitate two-way communication between utilities and consumers. Thus, with the increase in the deployment of smart energy meters, there has been progress in maintaining data at the grid level,” says Faisal Ghaus, Vice President of TechNavio.
Key Information Covered in the Report:
- Market segmentation, size and forecast through 2018
- Key Geographies and Customer Segments
- Market Growth Drivers
- Market Challenges
- Market Trends
- Key Buying Criteria
- Key Vendors
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