Global Smart Grid Wide Area Network Market to grow at a CAGR of 9.8% over the period 2014-2019; Finds New Report

Report forecast the global smart grid wide area network market to grow at a CAGR of 9.8% over the period 2014-2019.

WAN is the core of an electrical utility network. It supports mission-critical operations and cyber security measures to protect the functioning and operations of the utility. It also works as backhaul infrastructure for substation network applications. WAN must be of high bandwidth fiber optics based communications technologies such as SONET/SDH, WDM/DWDM, satellite/VSAT and microwave technologies.  Electric utilities continue to be among the largest users of privately owned and operated wide-area networks for communication.

The global smart grid wide area network market can be segmented into two divisions on the basis of technology: Wired and wireless WAN.

According to the report, global annual investment in smart grids increased from 2012 to 2014. There have been several large-scale projects for smart grid development undertaken by global companies such as ABB and GE. The emergence of these grids is facilitating the growth of several communication technologies.

Further, the report states that weak regulatory standards and operators’ lack of experience in tackling such threats is impacting market growth.

The Global Smart Grid Wide Area Network Market 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects in the coming years. The report also includes a discussion of the key vendors operating in the market.

key players in the Global Smart Grid Wide Area Network (WAN) Market: ABB, Cisco Systems, Fujitsu, GE Energy and Huawei Technologies

Other Prominent Vendors in the market are: Trilliant, Silver Springs Network and Elster

Market Driver

• Increase in Smart Grid Deployments
• For a full, detailed list, view our report

Market Challenge

• Cyber Security Threat
• For a full, detailed list, view our report

Market Trend

• Emergence of Government Plans Supporting Smart Grid Sector Growth
• For a full, detailed list, view our report

Key Questions Answered in this Report

• What will the market size be in 2019 and what will the growth rate be?
• What are the key market trends?
• What is driving this market?
• What are the challenges to market growth?
• Who are the key vendors in this market space?
• What are the market opportunities and threats faced by the key vendors?
• What are the strengths and weaknesses of the key vendors?

Spanning over 75 pages and 31 Exhibits “Global Smart Grid Wide Area Network Market 2015-2019” report covers Executive Summary, List of Abbreviations, Scope of the Report, Market Research Methodology, Introduction, Market Landscape, Market Segmentation by Technology, Geographical Segmentation, Key Leading Countries, Buying Criteria, Market Growth Drivers, Drivers and their Impact, Market Challenges, Impact of Drivers and Challenges, Market Trends, Trends and their Impact, Vendor Landscape, Key Vendor Analysis.

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