DUBLIN , Dec. 5, 2014 /PRNewswire/ --Research and Markets
(http://www.researchandmarkets.com/research/bdmkzs/smart_grid) has announced the addition of the "Smart Grid Networking Market by Hardware, by Software, by Services, & by Regions - Global Forecast & Analysis (2014-2019)" report to their offering.
Utility operators are facing problems in their existing utility grids due to the aging of the grid, peak hour outages and increasing non-technical losses in the grid. The rising dependencies on utility grids for daily activities by homes, offices and industries are furthermore adding concerns for them. This in turn is driving the utility operators to transform their traditional utility grids to smart grids enabled with smart grid networking to gain maximum efficiency during transmission and distribution and to avoid non-technical losses.
Smart grid networking is an effective way to build intelligent utility grids, enabling two way communications between different components involved in generation, transmission and distribution. Smart grid networks comprises of networking hardware such as, routers, switches and controllers and network management software such as, performance monitoring, IP address management and network device management.
These hardware and software work together to form mesh network enabling the utility grid with intelligent features such as, substation automation, distribution automation, energy-management, real-time control, self-healing and increased reliability and security. Smart grid networking provides real-time utility usage patterns providing data analytics aiding in decision making and better scheduling of utility storage and distribution.
This report provides an in-depth study of the market trends, market sizing, competitive mapping, and market dynamics of the smart grid networking market. The trends, drivers, and the opportunities in the market distinctly indicate noteworthy growth in the coming years.
The market is segmented by hardware; cables, controllers, routers, smart meter communication modules, switches and other hardware; by software, that is, network performance monitoring management, IP address management, network traffic management, network device management, network configuration management, network security management and other software; by services, that is, consulting, network planning and design, network risk and security assessment, network maintenance and support service and other services; by geographical region, that is, North America, Europe, Asia-Pacific, Middle East and Africa, and Latin America.
The global smart grid networking market is forecasted to grow from $7.12 billion in 2014 to $11.61 billion by 2019, at a Compound Annual Growth Rate (CAGR) of 10.3%.
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Smart Grid Networking Market Overview
6 Smart Grid Networking Industry Trends
7 Smart Grid Networking Market, By Hardware
8 Smart Grid Networking Market, By Software
9 Smart Grid Networking Market, By Services
10 Smart Grid Networking Market, By Region
11 Competitive Landscape
12 Company Profiles
- General Electric
- Mitsubishi Electric
- Schneider Electric
- Siemens AG
- Silver Spring Networks
For more information visit http://www.researchandmarkets.com/research/bdmkzs/smart_grid
Media Contact: Laura Wood , +353-1-481-1716, firstname.lastname@example.org
SOURCE Research and Markets