Albany, NY -- (SBWIRE) -- 10/12/2015 -- A smart grid is a type of electrical grid that uses computer-based automation technology to integrate communication and information, available in digital or analog format, to facilitate and improve power production and distribution process. Smart grids are used to monitor and control power flows from the point of generation to consumption, thereby enhancing predictability, visibility, and efficient management of the production and demand. The technology brings flexibility to the whole system. It facilitates the integration of intermittent energy generation from renewable sources, and in peak load management, which helps in cost effectivity.

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Following are some of the equipment required for the transformation of traditional electrical grids into smart grids:
Hardware and software technologies
Smart meters
Sensors
Communication and wireless network infrastructure
Smart T&D equipment

The smart grid equipment market in the US to grow at a CAGR of 4.05% over the period 2014-2019.

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Covered in this report
The report covers the present scenario and the growth prospects of smart grid equipment market in the US for the period 2015-2019. The market is segmented on the basis of equipment type: software and hardware, smart meters, sensors, communication and wireless network infrastructure, and smart T&D equipment.

Technavio's report, Smart Grid Equipment Market in US 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The report includes a discussion of the key vendors operating in this market.

Key vendors
ABB
GE Digital Energy
Landis+Gyr
Schneider Electric
Siemens Energy

Other prominent vendors
Aclara
Arbiter Systems
Echelon
Elster
eMeter
IBM
Itron
OPOWER
SEL
Sensus Metering Systems
Silver Spring Networks

Key market driver
Aging power grid infrastructure
For a full, detailed list, view our report

Key market challenge
High susceptibility of smart grids to cyber attacks
For a full, detailed list, view our report

Key market trend
Increased investments and supportive policies
For a full, detailed list, view our report

Key Questions Answered in this Report
What will the market size be in 2019 and what will the growth rate be?
What are the key market trends?
What is driving this market?
What are the challenges to market growth?
Who are the key vendors in this market space?
What are the market opportunities and threats faced by the key vendors?
What are the strengths and weaknesses of the key vendors?

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