Oct 4, 2017   SOURCE: PR NewsWire

Global Grid Optimization Solutions Market 2017-2021 - Growth at CAGR of 11.36%

DUBLIN, October 4, 2017 /PRNewswire/ --

The "Global Grid Optimization Solutions Market 2017-2021" report has been added to Research and Markets' offering.

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The global grid optimization solutions market to grow at a CAGR of 11.36% during the period 2017-2021.

Global Grid Optimization Solutions Market 2017-2021, 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. The report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.

The latest trend gaining momentum in the market is Changing energy landscape and increased demand for power generation. Globally, power consumption has increased in line with the global economic growth. Thus, capacity addition has increased exponentially across the globe, favoring fossil fuels. Further growth in the population and the global economy is expected to drive this trend in the future as well. According to the World Bank, the world population is projected to increase from 7.4 billion in 2016 to 8.7 billion by 2035.

According to the report, one of the major drivers for this market is Transition to smart grids. Smart grids optimize all the grid functions by deploying sensors, communication systems, and information technology, thereby making the grid smarter and allowing utilities to achieve the balance among cost, reliability, and efficiency. Smart grid implementation thus allows utilities to get the most out of the available infrastructure.

Further, the report states that one of the major factors hindering the growth of this market is Concerns over cybersecurity. Advances in IT and implementation of technology to control power generation and distribution have exposed the grids to cyber-attacks that traditional utilities were not concerned about. Smart grid infrastructure uses Internet technologies, thus making it vulnerable to security threats in the absence of a robust cybersecurity setup.

Key vendors

    --  ABB
    --  Aclara Technologies
    --  Eaton

    --  General Electric

Key Topics Covered:

Part 01: Executive Summary

Part 02: Scope Of The Report

Part 03: Research Methodology

Part 04: Introduction

Part 05: Market Landscape

Part 06: Market By Products

Part 07: Geographical

Part 08: Decision Framework

Part 09: Drivers And Challenges

Part 10: Market Trends

Part 11: Vendor Landscape

Part 12: Key Vendor Analysis

Part 13: Appendix

For more information about this report visit https://www.researchandmarkets.com/research/s2zkxb/global_grid


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SOURCE Research and Markets