Global Smart Grid Managed Services Market 2016-2020 - Expected to Grow at a CAGR of 44.51% - Research and Markets

DUBLIN, April 4, 2016 /PRNewswire/ --

Research and Markets has announced the addition of the "Global Smart Grid Managed Services Market 2016-2020" report to their offering.

The report forecasts the global smart grid managed services market to grow at a CAGR of 44.51% during the period 2016-2020.

Smart grid managed services refer to the synchronization of different smart grid software and related hardware technologies. They also include operational services such as deployment of AMIs and smart meters, and integration of renewable energy with the smart grids. These smart grid services are offered to different end-users such as power utilities and independent power producers (IPPs).

The deployment of smart grids is increasing at a rapid pace worldwide, with countries such as China, the US, India, Spain, Germany, and France enforcing ambitious smart grid plans. Smart grids include grid applications such as smart energy meters, SCADA systems, IT, and other communication networks. These devices enable utilities to have complete control and manage the digital assets that are present in the field.

According to the report, the increase in population and rise in power consumption have triggered the demand for power across different geographies. T&D losses, increased demand for power, and demand-supply mismatch have led to a huge power crisis worldwide. To curtail this, countries such as the US, China, India, and the UK have started adopting smart grid technology, which reduces the T&D losses and effectively balances the demand and supply of electricity. Consequently, the investments in smart grid technologies have increased and propelled the growth of the global smart grid managed services market.

Further, the report states that high cost of upgrading smart grids is expected to have a significant impact on the growth of the global smart grid managed services market in the future.

Key vendors:

• Accenture Plc
• Capgemini SA
• GE-Alstom
• IBM Corp.
• Siemens Corp.

Key Topics Covered:

PART 01: Executive summary

PART 02: Scope of the report

PART 03: Market research methodology

PART 04: Introduction

PART 05: Market landscape

PART 06: Market segmentation by application

PART 07: Geographical segmentation

PART 08: Key leading countries

PART 09: Market drivers

PART 10: Impact of drivers

PART 11: Market challenges

PART 12: Impact of drivers and challenges

PART 13: Market trends

PART 14: Vendor landscape

PART 15: Key vendor analysis

Companies Mentioned:

• Accenture Plc
• Capgemini SA
• GE-Alstom
• IBM Corp.
• Siemens Corp
• Alcatel-Lucent US
• AT&T
• EnerNOC
• Ericsson
• FirstCarbon Solutions
• HCL Technologies
• Infosys
• Itron
• Lockheed Martin
• Tendril Networks
• Trilliant Energy Services
• Wipro.

For more information visit http://www.researchandmarkets.com/research/bx25c8/global_smart_grid

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