Global Smart Grid Managed Services Market to grow at a CAGR of 44.51% during the period 2016 - 2020; Finds New Report

Report forecast 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 report covers the present scenario and the growth prospects of the global smart grid managed services market for 2016-2020. The report also presents the vendor landscape and a corresponding detailed analysis of the top five vendors operating in the market.

The market is divided into the following segments based on geography:

• Americas
• APAC
• EMEA

According to the report, the increase in population and rise in power consumption have triggered the demand 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.

Global Smart Grid Managed Services Market 2016-2020, 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 over the coming years. The report also includes a discussion of the key vendors operating in this market.

key players in the Global Smart Grid Managed Services Market: Accenture Plc, Capgemini SA, GE-Alstom, IBM Corp., and Siemens Corp.

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, and Wipro.

Market driver

• Increased investments in smart grid technologies
• For a full, detailed list, view our report

Market challenge

• High cost of upgrading smart grids
• For a full, detailed list, view our report

Market trend

• Rapid deployment of smart grids
• For a full, detailed list, view our report

Key questions answered in this report

• What will the market size be in 2020 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 65 pages and 35 Exhibit “Global Smart Grid Managed Services Market 2016 - 2020” report covers Executive summary, Scope of the report, Market research methodology, Introduction, Market landscape, Market segmentation  by application, Geographical segmentation, Key leading countries, Market drivers, Impact of drivers, Market challenges, Impact of drivers and challenges, Market trends, Vendor landscape, Key vendor analysis, Appendix.

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