Smart grid managed services
refer to the synchronization of various smart grid software and hardware
technologies and their related operational services such as deployment of smart
meters, advanced metering infrastructure (AMI), and integration of renewable
energy to smart grid. These smart grid managed services are offered to various
end-users such as Power industry, Utility industry, and independent power
producers (IPPs). Smart grid managed service offers the two-way communication
between utilities and their customers. The deployment of smart grid managed
service requires a major operational change as it includes various advanced
technologies into smart grids such as transmission and distribution automation
technologies, wired and wireless communication technologies, high-voltage
transmission lines, demand-response solutions, and home energy management
applications.
Analysts forecast
the Global Smart
Grid Managed Services market to
grow at a CAGR of 53.25 percent over the period 2013-2018.
The report
recognizes the following companies as the key players in the Global Smart Grid
Managed Services Market: Accenture plc, Capgemini S.A., GE Energy LLC, IBM
Corp. and Siemens AG.
Other Prominent
Vendors in the market are: Alcatel-Lucent US, AT&T, EnerNOC, Ericsson,
FirstCarbon Solutions, HCL Technologies, Infosys, Itron, Lockheed Martin,
Tendril Networks, Trilliant Energy Services, Verizon Communications and Wipro.
Increased government
support for the development of smart grids is one of the major emerging trends
in this market. Adoption of smart grids is likely to increase the efficiency of
power plants through reduced T&D losses and minimized power losses for the
end-users. This will increase the output of the power plants and help users
manage their power consumption patterns through the implementation of programs
such as demand response.
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Covered in this Report
The report covers
the present scenario and the growth prospects of the Global Smart Grid Managed
Services market for the period 2014-2018.
Global Smart Grid
Managed Services Market 2014-2018, 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 includes a discussion of the key vendors operating in this market.
According to the
report, investment in smart grid technologies has increased substantially
because of the power crisis and the power losses during T&D worldwide
leading to reduced operational performance of power plants, which is expected
to have a positive effect on the growth of the market in the future.
Further, the report
states that huge capital investment is needed to upgrade conventional power plants
into smart grid systems. The cost of smart grid systems includes additional
costs such as the cost of distribution systems, replacement of transmission
lines, substation digitization, power delivering systems, and digital controls.
Consequently, the growth of the market in the future will be hindered.
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