Press release
Global Smart Grid Market News Analysis, Price, Cost and Gross
smart grid
About Smart Grid Market:
The top three companies – Sensus, Silver Spring Networks, and Siemens - along with the five other key players, Aclara, Schneider Electric, Landis+Gyr, Itron, and Alstom, account for nearly 60% of the global smart grid market, reports BMR Research in a new study. The lack of clear leader in this space is likely to take competition to a new high in the short term, BMR expects. However, capital-intensive investment and limited scope of product differentiation hamper the entry of new players in the smart grid market. “The high growth rate of global smart grid market can be very encouraging for the new entrants, but the various government incentives for the deployment of smart grid can potentially inhibit their entry,” the author of the study states.
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Excellent Inherent Operational Efficiency Likely to Boost Deployment of Smart Grids:
The three most promising advantages of the smart grid technology are likely to cater the various power related issues across the globe. First, the enhanced operational efficiency helps in resolving the excessive consumption of electricity.
Government Regulations Help Smart Grid Market Grow in North America and Asia Pacific
The key reason for the impressive growth in the two regions is their government policies that facilitate the smart grid business. Incentives for smart grid are expected to increase efficiency in generation and licensee operations, enhance network security, manage electricity infrastructure effectively, improve customer and proactive consumer service level, integrate renewable and decentralized generation into the grid, and enhance network visibility and access.
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