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Global Smart Grid Managed Services Market 2015-2019: Key Vendors are Accenture, Capgemini, GE Energy, IBM and SiemensDUBLIN, January 29, 2015 /PRNewswire/ -- Research and Markets (http://www.researchandmarkets.com/research/6557rx/global_smart_grid) has announced the addition of the "Global Smart Grid Managed Services Market 2015-2019" report to their offering. Smart grid technology enables two-way communication between the utilities and their customers. Deployment of smart grid technologies requires a major operational change because it involves the integration of various advanced technologies with smart grids. Some of these technologies are T&D automation, wired and wireless communication, high-voltage transmission lines, demand response solutions, and home energy management applications. The report, the Global Smart Grid Managed Services market 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the Americas, and the APAC and EMEA regions; it also covers the Global Smart Grid Managed Services market landscape and its growth prospects in the coming years. The report also includes a discussion of the key vendors operating in this market. Governments worldwide have started to increasingly support the development of smart grids. Increased adoption of smart grids will lead to better efficiency among power plants. This would be enabled through reduction in T&D and power losses. Reduced T&D losses would help enhance the overall output of power plants and, therefore, help end-users manage their power consumption patterns judiciously through programs such as demand-response. According to the report, investment in smart grid technologies has increased substantially because of the growing power crisis worldwide and increased power losses during T&D. This has led to reduced operational performance of power plants, which is expected to have a positive effect on overall market growth during the forecast period. Further, the report states that huge capital investment is needed to upgrade conventional power plants into smart grid systems. Additional costs, such as costs associated with distribution systems, replacement of transmission lines, substation digitization, power delivery systems, and digital controls, are hindering market growth significantly. The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
SOURCE Research and Markets 
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