DUBLIN, January 29, 2015 /PRNewswire/ --
Research and Markets (http://www.researchandmarkets.com/research/6557rx/global_smart_grid) has announced the addition of the "Global Smart Grid Managed Services Market 2015-2019" report to their offering.
(Logo: http://photos.prnewswire.com/prnh/20130307/600769 )
Smart grid managed services refer to the synchronization of various smart grid software and hardware technologies and their related operational services such as deployment of smart meters and AMIs and integration of renewable energy with smart grids. These smart grid services are offered to various end-users such as power utilities and IPPs.
Smart grid technology enables two-way communication between the utilities and their customers. Deployment of smart grid technologies requires a major operational change because it involves the integration of various advanced technologies with smart grids. Some of these technologies are T&D automation, wired and wireless communication, high-voltage transmission lines, demand response solutions, and home energy management applications.
The analysts forecast the Global Smart Grid Managed Services market to grow at a CAGR of 53.96 percent over the period 2014-2019.
The report covers the present scenario and the growth prospects of the Global Smart Grid Managed Services market for the period 2015-2019. The Global Smart Grid Managed Services market has been segmented on the basis of the following: applications (EMS, DMS and data analytics) and geography.
The report, the Global Smart Grid Managed Services market 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the Americas, and the APAC and EMEA regions; it also covers the Global Smart Grid Managed Services market landscape and its growth prospects in the coming years. The report also includes a discussion of the key vendors operating in this market.
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.
According to the report, investment in smart grid technologies has increased substantially because of the growing power crisis worldwide and increased power losses during T&D. This has led to reduced operational performance of power plants, which is expected to have a positive effect on overall market growth during the forecast period.
Further, the report states that huge capital investment is needed to upgrade conventional power plants into smart grid systems. Additional costs, such as costs associated with distribution systems, replacement of transmission lines, substation digitization, power delivery systems, and digital controls, are hindering market growth significantly.
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 vendors.
Key Topics Covered:
01. Executive Summary
02. List of Abbreviations
03. Scope of the Report
04. Market Research Methodology
06. Market Landscape
07. Market Segmentation by Application
08. Geographical Segmentation
09. Key Leading Countries
10. Buying Criteria
11. Market Growth Drivers
12. Drivers and their Impact
13. Market Challenges
14. Vendor Landscape
15. Key Vendor Analysis
16. Other Reports in this Series
- GE Energy
- Alcatel-Lucent US
- FirstCarbon Solutions
- HCL Technologies
- Lockheed Martin
- Tendril Networks
- Trilliant Energy Services
- Verizon Communications
For more information visit http://www.researchandmarkets.com/research/6557rx/global_smart_grid
Media Contact: Laura Wood , +353-1-481-1716, [email protected]
SOURCE Research and Markets