|By Business Wire||
|November 7, 2012 10:35 AM EST||
Research and Markets (http://www.researchandmarkets.com/research/fl46mt/global_smart_grid) has announced the addition of the "Global Smart Grid Communications Market 2011-2015" report to their offering.
TechNavio's analysts forecast the Global Smart Grid Communications market to grow at a CAGR of 13.37 percent over the period 2011-2015. One of the key factors contributing to this market growth is the increase in smart grid construction. The Global Smart Grid Communications market has also been witnessing increasing communication network services leasing. However, increase in cyber-attacks could pose a challenge to the growth of this market.
Key vendors dominating this market space include Silver Spring Networks Inc., Itron Inc., Sensus USA Inc., and Landis+Gyr AG.
Other vendors mentioned in the report: Elster Group SE, Trilliant Group Inc., and Echelon Corp.
Commenting on the report, an analyst from TechNavio's Clean Tech team said: ''There has been a growing trend of leasing communication services to a third party. While some utilities have been building their own networks, others prefer not to take up the responsibility of running large communications networks. Thus, some utilities have leased network services to telecom companies or other service providers. Several major carriers operate wireless broadband networks in addition to fixed-line networks.''
According to the report, the emergence of the smart grid is facilitating the growth of several technologies, including those deployed in the Global Smart Grid Communications market. The Smart Grid sector includes smart grid applications such as smart energy meters, SCADA systems, IT, and other communication networks. The smart grid communication technology will hold a considerable share in the Smart Grid sector, which is witnessing a rapid growth. This is in turn promoting the growth of the Global Smart Grid Communications market.
For more information visit http://www.researchandmarkets.com/research/fl46mt/global_smart_grid