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.
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.
The report recognizes the following companies as the key players in the Global Smart Grid Managed Services Market: Accenture plc, Capgemini SA, GE Energy llc, IBM Corp. and Siemens AG.
Other Prominent Vendors in the market are: Alcatel-Lucent US, AT&T, EnerNOC, Ericsson, FirstCarbon Solutions, HCL Technologies, Infosys, Itron, Lockheed Martin, Tendril Networks, Trilliant Energy Services, Verizon Communications and Wipro.
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.
Have any Query on the Report get your Queries Resolved at http://www.sandlerresearch.org/inquire-before-buying?rname=29825 .
(Prices start at US $3000 for a single user PDF)