Wednesday 11 March 2015, Amsterdam
The new report recognizes the following companies as the key players in the Global Smart Grid Communications Market: Echelon Corp., Itron Inc., Landis+Gyr AG, Sensus USA Inc. and Silver Spring Networks Inc.
Other Prominent Vendors in the market are: Ambient, CURRENT Group, Elster Group, Trilliant and Tropos Networks.
Commenting on the report, an analyst from the report's team said: “One of the major trends in the market is the increased demand for narrow power line communication. The use of N-PLC has increased in areas such as renewable energy, advanced metering, and electrical vehicles, which is aiding the growth of the Global Smart Grid Communications market.”
According to the report, an increase in smart grid deployments is one of the significant driving factors for the market growth. The demand in the Global Smart Grid Communications market is set to increase with the development of the Smart Grid industry.
Further, the report states that one of the major challenges confronting the market is the cyber security threat. As a smart energy meter in the grid is connected to various communication networks, it is frequently exposed to viruses and cyber-attacks, which may compromise important data.
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.