Dallas, TX -- (SBWIRE) -- 12/14/2011 -- The most fundamental concept of a smart grid is to monitor, analyze, control and communicate the capabilities of a national electrical system in a digitized form which helps in maximizing the throughput time of the system as well as reducing the consumption of energy. The entire concept of smart grid is built around the idea of optimizing the loss of energy as managing the costs in the most efficient manner which helps the government as well as the utilities in various ways. The governments of developing countries such as India, China, Africa and others have taken a number of steps towards digitizing the concept of electricity supply chain but it still needs a lot of co-ordination for the same. Various developed regions such as U.S. and Europe have deployed the smartgrid technology Market[http://www.marketsandmarkets.com/Market-Reports/smart-grid-technology-application-market-453.html] as of today and are also expected to increase the efficiency of the process in the coming five years.
One of the most vital features of a smart grid is that it helps in reduction of transmission and distribution loss. Smart grid also helps in energy conservation to a great extent.
The report is segmented on the basis of the software & hardware market which includes the distribution management system, general management system, outage management system etc. The report segments the sensors on the basis of insulator leak sensors, dynamic line rating sensors and other monitoring systems. The communication network market is segmented into broadband power lines, home area network and so on.
Geographically the report is segmented into four regions namely; North America (U.S., Canada and Mexico), Europe (UK, France, Germany, Italy and others), Asia-Pacific (China, Japan, India and Others) and Rest of the World (Africa, Middle East and Others).
The report forecast the future growth of smart grid technology and related application from 2011 to 2016, list of leading players, the latest technology adopted, M&A’s and JV’s of key players.
Global Smart Grid Technology and Related Application Market (2011 – 2016)
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