Press Release

Worldwide Smart Grid Market Expected to Reach $171 billion by 2014


May 28th, 2010

Global Information, Inc. is pleased to announce a new market research report, "SMART GRID: THE COMING REVOLUTION IN ELECTRICAL POWER TRANSMISSION AND DISTRIBUTION-GLOBAL MARKETS, TECHNOLOGIES AND COMPETITORS: 2010-2020 ANALYSIS AND FORECASTS" by Amadee & Company, Inc..

According to the National Institute of Standards and Technology (NIST), the global smart grid market is forecast to reach $171 billion by 2014, which signifies 150% growth from 2009. Moreover, NIST projects that US utilities will spend approximately $40-$50 billion over the next five years in smart meters and that nearly 100 million new smart meters will be installed globally. The Smart Grid is an electricity grid that delivers electricity from suppliers to consumers using two-way communications to control domestic appliances, building control systems, and elements of the grid itself, including transmission and distribution (T&D) infrastructure, substations and transformers, and meters. According to this new study from Amadee & Company, "The problem today is most simply defined as utilities having no idea what level of real-time supply and demand exists across their distribution network." Smart grids solve this dilemma.

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Global Information Inc.(GII) - specializing in market research provision for the vertical industries, GII offers expert independent recommendations of publications from hundreds of the globe's leading market research firms.

Product Code : 119172