June 05, 2012 06:08 ET

Market Research Forecasts the Smart Grid Market at $33 Billion

ROCKVILLE, MD--(Marketwire - Jun 5, 2012) - has announced the addition of the new report "The Smart Grid Market 2012-2022," to their collection of Utilities market reports. For more information, visit

Smart grid technology combines traditional grid infrastructure with the advantages of advanced internet technology, with the aim of improving the efficiency of electricity supply as well as decreasing consumption by providing real-time information. The global smart grid market is expected to experience strong expansion during the following decade. However, the industry faces two crucial issues which remain to be addressed in the coming years: the merging of interoperability standards and more consistent integration of renewable energy into the grid. Once those two obstacles have been resolved large scale deployment of smart grid projects will become reality. Visiongain calculates that global smart grid market in 2012 will total $33.91bn.

During the period 2012-2013, the smart grid market will be marked by shifting from smart metering implementation to actual realization of the grid infrastructure. In addition, the goal of the regulators will be to promote decarbonization of the economy through implementation of smart grid technology. Even though, in the short run the smart grid market will be negatively influenced by the economic hardship in Europe as well as by the slower growth in the emerging world, overall the industry is expected to experience strong growth.

The report also describes the most important technological changes within the smart grid industry and assesses their importance for the growth of the market over the long-term. The various drivers and restraints of the market are evaluated in order to provide readers with specific insights into the future direction of the smart grid market.

How much is going to be spent in regional smart grid markets for implementation of smart electricity infrastructure between 2012 and 2022? Who are the leading companies in the smart grid industry? Where are the growth opportunities over the next decade -- in which regions and with which type of technology? These critical questions and many more are definitively answered in this comprehensive report.

For more information, visit

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