The Key Players in Global Smart Grid Managed Services Market 2016-202

Thursday 31 March 2016, Amsterdam

The report, now available on ASDReports, recognizes the following companies as the 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.

Commenting on the report, an analyst said: “The deployment of smart grids is increasing at a rapid pace worldwide, with countries such as China, the US, India, Spain, Germany, and France enforcing ambitious smart grid plans. Smart grids include grid applications such as smart energy meters, SCADA systems, IT, and other communication networks. These devices enable utilities to have complete control and manage the digital assets that are present in the field.”

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.

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.