Research and Markets: Smart Grid Market in the Americas 2014-2018: Key Vendors are ABB, GE Energy, Landis+Gyr, Schweitzer Engineering Laboratories & Siemens

Research and Markets (http://www.researchandmarkets.com/research/q8gmd3/smart_grid_market) has announced the addition of the "Smart Grid Market in the Americas 2014-2018" report to their offering.

The Smart Grid market in the Americas to grow at a CAGR of 9.6% over the period 2013-2018.

A smart grid is a large global commercial venture that aims at modernizing the power grid by using latest technology that helps utilities in minimizing the level of T&D losses, improving power system efficiency, and assisting in optimized utilization of resources. It improves the reliability of power grid by registering and reducing the frequency and duration of disturbances, faults, and outages. This is achieved with the help of advanced metering infrastructure, data management software, and communication networks.

One of the major trends in this market is the integration of renewable energy sources into power grids. The shifting focus from conventional sources of power generation to renewable sources will also require appropriate T&D infrastructure and energy management systems to balance the electricity supply and demand accordingly.

According to the report, one of the major drivers in this market is the aging power grid infrastructure. The need to retrofit conventional power generation systems to improve their efficiency and reduce losses complements the growth of the Smart Grid Market in the Americas.

Further, the report states that one of the major challenges in this market is the high susceptibility of smart grids to cyber-attacks. The software used in smart grids is highly vulnerable to the threat of virus attacks and mishandling by engineers or operators. The main information control system in smart grids is exposed to security threats because of the regular usage of the internet and access through points for electrical and communication lines.

Key Questions Answered in this Report

• What will the market size be in 2018 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?
  

The Smart Grid market in the Americas can be segmented into four divisions:

• Integrated Communication
• Sensing and Measurement
• Cabling
• Consumer Interface

Key Vendors

• ABB
• GE Energy
• Landis+Gyr
• Schweitzer Engineering Laboratories
• Siemens

Other Prominent Vendors

• Arbiter Systems
• Elster Metering Holdings
• Itron
• Sensus Metering Systems

For more information visit http://www.researchandmarkets.com/research/q8gmd3/smart_grid_market