TechNavio today launched its report Global Smart Grid Market 2011“2015 based on an in-depth study covering the Americas, and the EMEA and APAC regions. The report aims to aid decision makers™ understanding of the present and the future landscape of Global Smart Grid market.
Commenting on the report, an analyst from TechNavio™s Clean Tech team said, The recent surge in the production of Electric Vehicles (EVs) in various countries is one of the most significant factors driving the growth of the Global Smart Grid market. The EV market in the US, on the other hand, is witnessing the formation of partnerships aimed at expanding the market at a rapid pace. The limited oil supply in the US is also forcing the Government to rely on EVs. EVs enhance the growth of the RE market, as EVs use various green energy storage techniques. As EVs are an integral part of the development of the Smart Grid market, an increase in the production of EVs will have a direct positive effect on the Global Smart Grid market.
According to the report, the advancement of technology in various sectors is one of the major driving factors of the Global Smart Grid market. The advancement of smart grid technologies has taken place in almost all the stages of power infrastructure, from power generation to power consumption. Smart grid initiatives also include the integration of advanced technologies such as the internet, computer, and wireless networking into the power grid.
Further, the report also discusses that lack of interoperability standards will pose a challenge to the growth of the Global Smart Grid market.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key players.
TechNavio, the market research platform of Infiniti Research Ltd, publishes periodic reports on niche and emerging technologies. For further information, please visit https://www.technavio.com/content/global-smart-grid-market-2011-2015
Follow us on Twitter @ Technavio
TechNavio Announces the Publication of its Report “ Global Smart Grid Market 2011“2015
