Global Smart Grid Industry: Rising Demand for Power Supply in Asia Pacific to Propel Market Growth

Transparency Market

Research

Smart Grid Market - Global Industry Analysis, Size, Share,

Growth, Trends and Forecast 2013 - 2019

Published Date

30-June-2014

115 Page Report

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Press Release

Global Smart Grid Market is Expected to Reach USD 118.12

Billion in 2019: Transparency Market Research

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Smart Grid Market

REPORT DESCRIPTION

Smart Grid Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2013 2019

According to a new market report published by Transparency Market Research "Smart Grid (Advanced

Metering Infrastructure, Distribution Automation, Software and Hardware, Communication Technologies,

Transmission Upgrades, and Cyber Security) Market - Global Industry Analysis, Size, Share, Growth, Trends

and Forecast, 2013 - 2019," global smart grid market was valued at USD 37.7 billion in 2012 and is

expected to reach 118.1 billion in 2019, growing at a CAGR of 18.2% from 2013 to 2019.

Browse the full Smart GridMarket Report at http://www.transparencymarketresearch.com/smart-gridmarket.html

Unbalanced nature of demand of power supplemented by increasing transmission and distribution losses

coupled with policy and regulation for smart grid are expected to bolster the demand for the global smart

grid market. Additionally, increasing need of reliable, secure, and quality of power supply and the

increased efficiency achieved through the grid optimization is anticipated to augment the demand for the

global smart grid market. Lack of interoperability and open standards can hamper the growth in the

market. However, emerging option of prepayment of electricity with the deployment of advanced metering

infrastructure is expected to offset the growth restraints, and further boost the growth in the global smart

grid...