Tuesday 14 July 2015, Amsterdam
The report, now available on ASDReports, recognizes the following companies as the 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
Commenting on the report, an analyst said: “Power utilities worldwide have been working to change the way data is transmitted to and collected from consumers through various communication networks. AMI-enabled meters are being deployed to facilitate two-way communications between utilities and consumers. Thus, with the increase in deployment of smart energy meters, the need for data maintenance at the grid level has grown. As one of the integral parts of smart grid communications, smart energy metering solutions support the overall objective of managing the electricity grid. Thus, in order to manage the volumes of data being generated, smart metering has driven the growth of the market for WANs in smart grids.”
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 study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.