This article was originally distributed via PRWeb. PRWeb, WorldNow and this Site make no warranties or representations in connection therewith.
[304 Pages Report] Smart grid technology market report categorizes on the basis of different kinds of softwares that are being used for the smart grid network, smart meter, various smart sensor, communication network and geographical analysis; forecasting revenue and analyzing trends.
(PRWEB) March 09, 2013
According to a new market research report “Smart Grid Technology Market - Analysis & Global Forecast By Hardware, Software & Communication Network Technologies (2011 - 2016)” published by MarketsandMarkets, the total smart grid technology and related application market is expected to reach $80.6 billion by 2016 at a CAGR of 28.7% from 2011 to 2016.
Buy a copy of this report @ http://www.marketsandmarkets.com/Purchase/purchase_report1.asp?id=453
The need for efficient energy promotes the use of smart grids. Smart grid is the latest technology adopted by the power utility to reduce the transmission and distribution loss and also to make the grid line more efficient. The major advantage of the smart grid network is the bidirectional communication network, wherein the utilities and the end-users are able to effectively communicate with each other.
A smart grid is not just about installing smart meters across residential and commercial areas, but also about the ability to control the entire energy network. Setting up a communications network is equally essential for the smart grid network.
Countries like Australia, UK, France, Italy, and U.S. have the highest potential across all the geographies. The communication networks have high growth potential and the smart grid technology market size is expected to increase in the next five years.
MarketsandMarkets is a global market research and consulting company based in the U.S. We publish strategically analyzed market research reports and serve as a business intelligence partner to Fortune 500 companies across the world.
North - Dominion Plaza,
17304 Preston Road,
Suite 800, Dallas, TX 75252
Visit our Google Plus Profile
Connect with us on LinkedIn
Connect with us on Facebook
For the original version on PRWeb visit: http://www.prweb.com/releases/prwebsmart-grid-technology/market/prweb10511437.htm
1720 Valley View Drive