Rising Modernization of Old Grid Networks Driving Global Smart Grid Market at 18.20% CAGR Between 2013 and 2019
The report states that the market will expand at an 18.20% CAGR between 2013 and 2019 and rise to a valuation of US$118.1 bn by 2019. The report credits factors such as the rising modernization of old grid networks and the rising popularity of pre-payment for electricity for the increased adoption of smart grids across the globe. Factors such as favorable regulations and policies, the mounting demand for power in major regional markets, high transmission and distribution losses in Asia...
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