TMCnet News
Research and Markets: Smart Grid Optimization Solutions Market in the Americas Expected to Grow at a CAGR of 16.1% over the Period 2014-2019, New Report SaysResearch and Markets (http://www.researchandmarkets.com/research/h68hkp/smart_grid) has announced the addition of the "Smart Grid Optimization Solutions Market in Americas 2015-2019" report to their offering. One trend that is expected to foster growth in the Americas Smart Grid Optimization Solutions market is the integration of advanced smart grid technologies. Smart grid technology and networks include the integration of advanced technologies, such as the Internet, PCs, and wireless networking, including WAN and LAN, with power grids. According to the report, the need to reduce power loss is a key driver that augments growth in this market. Developing and developed countries equally face the threat of power loss. Even in developed countries, almost 8% of power loss results from inefficient distribution systems. In some grids, the absence of low-voltage automation systems in transformers makes it difficult to measure energy lost during transmission. The reluctance of power utilities to upgrade their power grids is a significant challenge faced by the market. Many utilities across the globe upgrade their power systems only when they become damaged. This is an outcome of the near-term cost evasion strategy adopted by utilities, which acts as a barrier to the adoption of smart grids. Key Topics Covered
Companies Mentioned
For more information visit http://www.researchandmarkets.com/research/h68hkp/smart_grid . View source version on businesswire.com: http://www.businesswire.com/news/home/20150819006136/en/ |
