Increased Energy Usage to Augment Growth in the Global Grid Optimization Market: TechNavio Report

LONDON - Aug. 27, 2014 - PRLog -- TechNavio, an independent tech-focused global research firm, announced today the publication of its market research report on Global Grid Optimization Market 2014-2018.

The report notes that growing energy demands and an increased number of power outages have spurred the need for grid optimization solutions. By 2018, utilities in most of the developed nations will have effective communication infrastructure, which will help distribute automation applications in a better manner.

Grid optimizations gives utilities and grid operators digital control of the power delivery network. Grid optimization solutions aim to improve the power system infrastructure, thereby reducing the need for investment in new generation, transmission, and distribution facilities. These applications focus on the reduction of the overall cost of delivering power to end-users in addition to improving the reliable delivery of power.

“It is estimated that investment in smart grids will reach US$100 billion worldwide by 2015. Their emergence has led to the creation and growth of innovative technologies, including those deployed in the Global Grid Optimization Solutions Market,” says Faisal Ghaus, Vice President of TechNavio Research.

To define the market conditions in the next 3-4 years, TechNavio analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.

If you are interested in more information on this topic and our upcoming research on the Global Grid Optimization Market 2014-2018 (http://www.technavio.com/report/global-grid-optimization-...), please send an e-mail to media@TechNavio.com

About TechNavio

TechNavio is a leading global technology research and advisory company. Founded in 2003, TechNavio has about 200 analysts globally and develops over 2000 pieces of research every year. We cover more than 500 technologies across 80 countries.

We focus on emerging trends that can shape a market, and model these trends using a mix of quantitative and qualitative tools in our proprietary research methodologies in order to build forecasts across market segments and geographies. 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 constantly changing technology market scenario.

TechNavio analysts employ primary as well as secondary research techniques to ascertain the size and vendor landscape in a range of markets. Our analysts obtain the information using a combination of bottom-up and top-down approaches, besides using in-house market modeling tools and proprietary databases. 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.

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