SOURCE: MarketResearch.com

MarketResearch.com

July 26, 2011 10:08 ET

Smart Grid Optimization Solutions Market to Grow 41% Through 2014

ROCKVILLE, MD--(Marketwire - Jul 26, 2011) - MarketResearch.com has announced the addition of the new report "Global Grid Optimization Solutions Market 2010-2014" to their collection of Electricity Transmission & Smart Grids market reports. For more information, visit http://www.marketresearch.com/product/display.asp?ProductID=6459294

Research reveals that the Grid Optimization Solutions market is expected to grow at a CAGR of 40.7 percent. This report, which examines the Americas, EMEA, and APAC regions, indicates that the market is currently being driven by the proven reliability of these solutions.

"With the automation of distribution systems, smart grids can now be stabilized, which helps to improve the quality of energy supply. Smart grids include sensor technology as well as communication network and information technologies, which primarily help in the monitoring and correction of the transformer voltages by automatically sending a corrective action, thus reducing power wastage and improving efficiency," reports an analyst.

In spite of the demand for grid optimization solutions, the highly fragmented nature of this market is hindering growth. However, the growth in renewable energy generation is expected to drive the market. Moreover, the Grid Optimization Solutions market is witnessing increased support and funding from various governments.

These are just some of the important findings presented in the report that will enable companies to fully understand the potential in this market and formulate their own strategies.

The report, "Global Grid Optimization Solutions Market 2010-2014," is based on extensive research conducted with industry experts, vendors, and end-users. It examines the key trends, drivers, and challenges impacting the evolution of this market. The report also contains an in-depth discussion and SWOT analysis of each of the key vendors in this market.

Companies mentioned in this report include: ABB, SEL, S&C Electric Co., General Electric, and Schneider Electric.

For more information, visit http://www.marketresearch.com/product/display.asp?ProductID=6459294

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