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Global Smart Grid Managed Services Market 2016-2020 - Expected to Grow at a CAGR of 44.51% - Research and MarketsDUBLIN, 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 thedemand 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:
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:
For more information visit http://www.researchandmarkets.com/research/bx25c8/global_smart_grid Media Contact: Research and Markets Laura Wood, Senior Manager For E.S.T Office Hours Call +1-917-300-0470 For U.S./CAN Toll Free Call +1-800-526-8630 For GMT Office Hours Call +353-1-416-8900 U.S. Fax: 646-607-1907 Fax (outside U.S.): +353-1-481-1716
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