NEW YORK, Nov. 4, 2015 /PRNewswire/ -- As national governments release their plans to decrease carbon dependency and mitigate and adapt to climate change, city energy policies represent one of the most effective vehicles for meeting these goals. City leaders are assuming a more proactive role in the process of creating energy policies by developing comprehensive energy efficiency and carbon reduction goals. The result has been a number of ambitious energy projects supported by innovations in smart grid technology, demand management, alternative and renewable generation, and distributed energy resources (DER).
For cities and utilities, developing an effective cross-agency smart energy/smart city strategy enables the optimal use of energy resources and reduces redundant investments in infrastructure. Such a strategy also improves the quality of services offered to residential, public sector, and commercial energy users. However, the smart energy for smart cities vision has several economic and technical barriers that inhibit its current development. Alignment between stakeholders is not easily achieved due to the varying business models of cities, utilities, and private stakeholders. Moreover, technology and standards for interoperability are lagging behind the conceptual goals of the smart city. According to Navigant Research, global smart energy for smart cities technology revenue is expected to grow from $7.3 billion in 2015 to $20.9 billion in 2024.
This Navigant Research report analyzes the global smart energy for smart cities market, with a focus on two segments: smart grid and advanced energy technologies. The study investigates the key market drivers, barriers, dynamics, and regional trends related to smart energy for smart cities technology. Global market forecasts for revenue, broken out by segment, application, and region, extend through 2024. The report also examines the key technologies that constitute the smart energy for smart cities market, as well as the competitive landscape.
Key Questions Addressed:
Which technologies and business strategies support a smart energy project for smart cities?
What is the global market demand for smart energy in the context of smart cities?
How do cities, utilities, and private stakeholders approach the smart energy for smart cities market collaboratively?
What are some successful examples of smart city developments in smart energy?
How do advanced energy projects demand smart grid investments?
Who needs this report?
Grid transmission and distribution (T&D) vendors
Smart grid services vendors
Smart city developers
Read the full report: http://www.reportlinker.com/p03364422-summary/view-report.html
ReportLinker is an award-winning market research solution. Reportlinker reviews, finds and organizes the latest industry data so you get all the market research you need - instantly, in one place.
Contact Clare: firstname.lastname@example.org
Intl: +1 339-368-6001