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Smart Grid Technology Market is Expected to Reach $80.6 Billion by 2016 at a CAGR of 28.7% – New Report by MarketsandMarkets

March 9, 2013

[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.

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  • 90 Market Data Tables
  • 36 Figures
  • 304 pages and an in-depth Table of Content on “Smart Grid Technology Market”

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.

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For the original version on PRWeb visit: http://www.prweb.com/releases/prwebsmart-grid-technology/market/prweb10511437.htm


Source: prweb



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