Global Smart Grid Networking Market 2015-2019
About Smart Grid Networking
The smart grid networking platform consists of three segments: Hardware, Software, and Services. The Hardware segment includes cables, switches, in-home devices, and controllers. These devices are backed by networking software that comprises network performance monitoring management, IP address management, network traffic management, network device management, network configuration management, network security management, and other software. The hardware and software work in combination to facilitate features such as substation automation, distribution automation, energy management, real-time control, self-healing, and increased reliability and security. Smart grid networking systems enable analysis and mapping of energy consumption patterns of its customers, thus, helping in load forecasting and peak demand management, along with risk determination. They also help in avoiding power outages by providing detailed information about the functioning status of power system networks. They also have the ability to predict future energy demands by end-users such as homes, offices, and industries. The efficient implementation and management of smart grids largely depends on the capability to manage and act on the large amounts of network data, which can only be done with the help of smart grid networking systems.
TechNavio's analysts forecast the Global Smart Grid Networking market to grow at a CAGR of 11.1 percent over the period 2014-2019.
Covered in this Report
TechNavio's report, Global Smart Grid Networking Market 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the Global Smart Grid Networking market landscape and its growth prospects over the coming years. The report includes the segmentation of Global Smart Grid Networking market on the basis of type as well as geography. The report also includes a discussion of the key vendors operating in this market. Key Vendors
TechNavio Announces the Publication of its Research Report – Global Smart Grid Networking Market 2015-2019
TechNavio recognizes the following companies as the key players in the Global Smart Grid Networking Market: ABB Ltd., Cisco Systems, Fujitsu Ltd., GE and Huawei Investment & Holding Co. Ltd.
Other Prominent Vendors in the market are: Itron, Mitsubishi Electric, Schneider Electric and Siemens.
Commenting on the report, an analyst from TechNavio’s team said: “The need for better energy management is one of the key trends upcoming in this market. Many power utilities are in the process of achieving end-to-end solutions to manage their energy sources. Power utilities have started adopting various smart grid technologies and networking solutions to achieve the overall goal of creating an effective smart grid system.”
According to the report, increase in smart grid deployment is one of the key factors in this market’s growth. There have been several large-scale projects undertaken by global companies for smart grid development. The emergence of smart grid technologies is expected to facilitate the growth of several technologies.
Further, the report states that the Global Smart Grid Networking market has become highly fragmented and consists of many small and medium-sized vendors, which provide grid communication systems to utilities along with data analytics and networking solutions. Large corporations provide end-to-end solutions to utilities and support in building robust network architecture whereas small entities provide innovative networking solutions at reasonable costs, which makes the decision making process difficult.
ABB, CISCO, Fujitsu, General Electric, Huawei , Itron, Mitsubishi Electric, Schneider Electric, Siemens