SOURCE: MarketResearch.com

MarketResearch.com

June 21, 2011 10:08 ET

North American Smart Grid Management Solutions to Grow 23% Annually Through 2014

ROCKVILLE, MD--(Marketwire - Jun 21, 2011) - MarketResearch.com has announced the addition of the new report "Smart Grid Data Management Solutions for North America 2010-2014," to their collection of Utilities market reports. For more information, visit http://www.marketresearch.com/product/display.asp?ProductID=6417545

The Smart Grid Data Management Solutions market is expected to grow at a CAGR of 22.9 percent. This report, which focuses on North America exclusively, indicates that the market is currently driven by the stimulus offered by the government. "The American Recovery and Reinvestment Act has been playing a major role in the growth of the Smart Grid Data Management market in North America. The United States has offered a grant under the Smart Grid Investment Grant program, through which Obama's Government has allotted billions for the development of smart grid applications. Further, vendors have anticipated tremendous growth prospects in the distribution technology that will enhance network control, efficiency, reliability and quality of power," reports an analyst.

In spite of the need, high market fragmentation hinders growth. However, the increased installation of smart meters is expected to boost market growth. The Smart Grid Data Management Solutions market is marked by several medium sized companies making strategic partnerships with large companies. This makes the study an important one for companies to fully understand the potential in the market and formulate its own strategy.

The report, Smart Grid Data Management Solutions for North America 2010-2014, is based on extensive research from inputs by industry experts, vendors and end-users. It examines the factors -- including the key trends, drivers and challenges, impacting the evolution of this market. Further, it contains an in-depth understanding of the key vendors including their SWOT analysis. Companies mentioned in this report include: Itron, eMeter, Oracle, ABB and Accenture.

For more information, visit http://www.marketresearch.com/product/display.asp?ProductID=6417545

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