FORT WORTH, Texas, May 6, 2015 /PRNewswire/ --
The global connected grid market was valued at $3,534.9 million in 2014, and is expected to reach $7,210.0 million by 2019, at a CAGR of 15.3% from 2014 to 2019.
Browse through the TOC of Global Connected Grid Market for an analysis of industry trends and segments, with the help of various tables and figures.
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The global connected grid market is segmented and forecast on the basis of consumption pattern and application. The market in terms of consumption pattern comprises urban/metropolitan, semi-urban, and rural/island. Based on applications, the market is segmented into defense & military, campus/institutional, commercial, and others.
With the growth in population and widespread industrialization, the demand for electricity is increasing rapidly. This has led to congestion and stress on the traditional grid and power utilities. Adding to this problem of network congestion is the aging infrastructure of most of the grids and utilities. Most of these centralized large scale grids were built after Second World War and are in an increasing need of revamp, assuming 25 years life span of a grid.
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Government incentives for energy efficient, renewable power generation and electric vehicle infrastructure are encouraging investments in advanced energy infrastructure, which will further boost the market for connected grids. Governments worldwide are promoting green energy initiatives to achieve energy sustainability, which will also have a positive impact on the growth of global connected grid market.
This report includes market share and value chain analysis, along with market metrics, such as drivers and restraints for the global connected grid market. In addition, it presents a competitive landscape and company profiles of the key players in this market.
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