Global Smart Grid Wide Area Network Market 2015-2019
About Wide Area Network (WAN)
WAN is the core of an electrical utility network. It supports mission-critical operations and cyber security measures to protect the functioning and operations of the utility. It also works as backhaul infrastructure for substation network applications. WAN must be of high bandwidth fiber optics based communications technologies such as SONET/SDH, WDM/DWDM, satellite/VSAT and microwave technologies. Electric utilities continue to be among the largest users of privately owned and operated wide-area networks for communication.
Technavio's analysts forecast the global smart grid wide area network market to grow at a CAGR of 9.8% over the period 2014-2019.
Covered in this Report
The global smart grid wide area network market can be segmented into two divisions on the basis of technology: Wired and wireless WAN.
Technavio's report, the Global Smart Grid Wide Area Network Market 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects in the coming years. The report also includes a discussion of the key vendors operating in the market.
Technavio Announces the Publication of its Research Report – Global Smart Grid Wide Area Network (WAN) Market 2015-2019
Technavio recognizes the following companies as the key players in the Global Smart Grid Wide Area Network (WAN) Market: ABB, Cisco Systems, Fujitsu, GE Energy and Huawei Technologies
Other Prominent Vendors in the market are: Trilliant, Silver Springs Network and Elster
Commenting on the report, an analyst from Technavio’s team said: “Power utilities worldwide have been working to change the way data is transmitted to and collected from consumers through various communication networks. AMI-enabled meters are being deployed to facilitate two-way communications between utilities and consumers. Thus, with the increase in deployment of smart energy meters, the need for data maintenance at the grid level has grown. As one of the integral parts of smart grid communications, smart energy metering solutions support the overall objective of managing the electricity grid. Thus, in order to manage the volumes of data being generated, smart metering has driven the growth of the market for WANs in smart grids.”
According to the report, global annual investment in smart grids increased from 2012 to 2014. There have been several large-scale projects for smart grid development undertaken by global companies such as ABB and GE. The emergence of these grids is facilitating the growth of several communication technologies.Further, the report states that weak regulatory standards and operators’ lack of experience in tackling such threats is impacting market growth.
ABB, Cisco Systems, Fujitsu, GE Energy, Huawei Technologies, Trilliant, Silver Springs Network, Elster
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