SOURCE: MarketResearch.com

MarketResearch.com

September 20, 2011 10:08 ET

US Smart Grid Optimization Solutions Market to Grow 40% Through 2014

ROCKVILLE, MD--(Marketwire - Sep 20, 2011) - MarketResearch.com has announced the addition of the new report "Smart Grid Optimization Solutions Market in the United States 2010-2014," to their collection of Utilities market reports. For more information, visit http://www.marketresearch.com/Infiniti-Research-Limited-v2680/Smart-Grid-Optimization-Solutions-United-6526405

This report reveals that the US smart grid optimization solutions market is expected to grow at a CAGR of 40.1 percent over the period 2010-2014. The report, which focuses on the US exclusively, indicates that the market is being driven by integration of renewable energy generation, among other factors.

According to an analyst, "Several utilities have integrated renewable energy into electricity generation. The generation of wind energy and solar energy is being increasingly adopted in order to reduce CO2 emissions and conserve natural resources. Smart grid optimization solutions help in facilitating and integrating renewable energy into the power distribution system. This market has also been growing because of the competitive advantage that utilities have in developing renewable energy sources."

The report also highlights that the lack of standardization is hindering the growth of this market. However, with these grids bringing increased return on investment, the market is expected to keep growing. This market is also marked by strong support from the US Government in the form of initiatives. 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 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 incisive insights and SWOT analyses regarding the key vendors in this market. Companies mentioned in this report include ABB, Schweitzer Engineering Laboratories Inc., S&C Electric Co., GE Energy, and Schneider Electric.

For more information, visit http://www.marketresearch.com/Infiniti-Research-Limited-v2680/Smart-Grid-Optimization-Solutions-United-6526405

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