Wednesday, December 4, 2013

U.S. Markets For Smart Grid Technologies To Reach $68.7 Billion By 2018

Power outages and power quality disturbances cost the U.S. economy anywhere from $80 billion to $188 billion annually. Governments and utilities in the U.S. and elsewhere are investing in new technologies in order to build a 21st-century power grid. In addition to meeting the need for reliable, high-quality power, these technologies are intended to meet the economy’s energy needs as efficiently as possible by optimizing energy consumption and reducing greenhouse gas emissions.

BCC Research provides an in-depth and detailed analysis of the U.S. market for smart grid technologies through its report, Enabling Technologies for the Smart Grid. According to the report, this market is expected to decline to $35.4 billion in 2013 from $41.6 billion in 2012. BCC Research projects the market to recover and grow to $68.7 billion in 2018, after registering a five-year compound annual growth rate (CAGR) of 14.2%.

Use this report to:
  • Gain an overview of the U.S. market for smart grid technologies.
  • Analyze market trends, with data from 2012, estimates for 2013, and projections of compound annual growth rates (CAGRs) through 2018.
  • Review techniques and properties such as two-way integrated communications, sensing and measurement, and other advanced components.
  • Understand advanced controls that enable rapid diagnosis of and precise solutions to specific grid disruptions or outages.
  • Discuss results of targeted interviews with producers and users of smart grid technologies.

To order your copy of this report or to download the complimentary introduction chapter click here.

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