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US Smart Grid Market worth $26.7 Billion by 2017

| June 24, 2013

 

DUBLIN–()–Research and Markets  has announced the addition of the “Growth Opportunities in US Smart Grid Market 2012-2017: Trends, Forecast, and Market Share Analysis” report to their offering.

“Growth Opportunities in US Smart Grid Market 2012-2017: Trends, Forecast, and Market Share Analysis”

The US smart grid market is expected to continue its double-digit growth momentum of the last five years to reach approximately $26.7 billion by 2017 with a CAGR of 13% over the next five years. Growing use of renewable energy sources and their integration into a common grid is likely to drive the market over the forecast period.

As the study indicates, the communication solutions segment is expected to grow more rapidly than other segments. The test and monitoring solutions segment is likely to experience slower growth, but the smart grid infrastructure segment is forecast to have the largest market size, followed by the communication solutions segment. An increase in smart meter penetration among customers is anticipated to be the primary growth driver for this expansion. Other factors affecting the market include technological advances, development of smart meters, and increasing electricity generation prices, growth in demand conditions, government incentives promoting green energy, and development of transmission facilities to provide energy to remote areas.

In the next five years, the T&D segment is expected to have the highest growth rate while the utilities segment market is likely to dominate the market by value by 2017. The consumers segment is expected to have both the slowest growth rate and the smallest market by value. The report, which provides trend scenarios and forecast statistics for 2012-2017, details industry drivers and challenges, covers emerging trends, and highlights major smart grid manufacturers, also describes various smart grid properties, manufacturing processes, and more.

Companies Mentioned

– The ABB Group

– Badger Meter

– Cisco

– Cooper Power Systems

– Echelon Group

– ESCO Group

– Elster Group

– General Electric

– IBM

– Itron

– Landis+Gyr

– Schneider Electric

For more information visit http://www.researchandmarkets.com/research/n7gfc5/growth

About Research and Markets

Research and Markets is the world’s leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.

Contacts

Research and Markets
Laura Wood, Senior Manager.
press@researchandmarkets.com
U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716
Sector: Environmental

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Category: SMART GRID

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