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Follow on Google News |  TechNavio Report finds Smart T&D Equipment to grow at a CAGR of 31.6 percent• Key Customer Segments include Power Utilities, Commercial Customers, Residential Customers and Industrial Customers
By: TechNavio Out of the six major segments based on technology, smart T&D will be growing the fastest followed bysoftware and hardware, sensors, communication and wireless infrastructure, smart meters, and others. This is mainly due to smart T&D equipment not only increasing the efficiency of T&D, but also reducing electricity loss through continuous monitoring of the T&D process. In addition, continuous online diagnosis and reporting of the condition of the equipment is helping in reducing maintenance costs. In 2012, the US accounted for the largest share of the Global Smart Grid market in terms of investment. China was the closest follower with a 23.02 percent share followed by other regions. TechNavio’s senior analyst and co-author of this report commented saying, “Increasing need for grid connection and management Systems amidst an aging power infrastructure are some of the growth drivers aiding the growth of the smart grid market in China. What needs to be seen is how companies like ABB Group, Alstom, GE Energy, Schneider Electric and others will be leveraging their expertise in this cost sensitive market and emerge as the leading player.” To determine the scenario for these vendors in the next 3-4 years, TechNavio analysts have conducted in-depth analysis of the impact of drivers, challenges, and trends of this market featuring data on product segmentations, vendor shares, growth rate by revenue, and an evaluation of the different buying criteria in order of importance. If you are interested in more information on this topic and our upcoming research on Smart Grid Market in China 2012-2016 (http://www.technavio.com/ About TechNavio TechNavio is a leading technology research and advisory company with a global coverage. We focus on emerging technology trends that can shape the market. We identify and explain these trends to our customers to help them take better decisions. TechNavio models the trends using a mix of quantitative and qualitative tools in its proprietary research methodologies. We build forecasts across market segments and geographies based on the trends identified. These forecasts and analysis are used to help our customers identify new and existing opportunities in their markets. We also help customers assess their competitive position in a changing market scenario. TechNavio analysts employ primary as well as secondary research techniques to ascertain the size and vendor landscape of the Smart Grid Market in China. Our analysts obtain the information using a combination of the bottom-up and top-down approaches, besides using in-house market modeling tools. They corroborate this data with the data obtained from various market participants and stakeholders across the value chain, including vendors, service providers, distributors, re-sellers, and end-users. Decision makers and influencers in sales & marketing, strategy, product and R&D teams rely on research from TechNavio. We have a large and growing base of happy customers worldwide. Our customers include technology suppliers, end users, consulting companies, investment firms and research institutes. Founded in 2003, TechNavio has about 200 analysts globally. We cover more than 500 technologies across 80 countries. Our analysts are closely monitoring the market every day by talking to all the industry participants. We have proprietary databases that provide us with a complete perspective of the market. TechNavio develops over 2000 pieces of research deliverables every year. Media Contact: Rituparna Roy/Arijit Rakshit Marketing Manager/Analyst & PR +91 9591975898; +44 208 123 1770; +1 630 333 9501 media@TechNavio.com Twitter:@TechNavio http://www.TechNavio.com/ End
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