Smart grid aims to develop the power grid by assembling of emerging and existing technology that reinforces the utility to decrease the distribution and transmission loss. This can be achieved with the help of communication networks, smart sensors, advanced metering infrastructure and software’s.
Smart grid will enhance the grid reliability by monitoring the frequency and the number of disturbances and duration of power outages, including reduction of the possibility of regional blackouts. It will equilibrate the electricity demand and supply. Smart grid will amend the dependability and efficiency in energy distribution and assist in optimizing utilization of resources.
Installation of the entire smart grid network required high cost is the restraint of smart grid market. Reduction in distribution and transmission loss, coupled with an increase in energy efficiency, is one of the major drivers of this market. The governments of different countries are deploying important roles in the commercialization of this and passing on regulations and accreditation for the same. There are vast amounts of investments happening in this market, which are an opportunity for the growth of the market.
Up gradation of old technology and adopting a new technology are the current trend predominate in the smart grid technology, which will give rise to a more efficient usage of electricity.
The North America smart grid market is expected to reach $44.86 billion in 2018 from $11.19 billion in 2012 at a CAGR of 25.5% from 2013 to 2018. Some of the players in this market include Cisco (U.S.), Cooper Power System, Inc. (U.S.), Echelon Corporation (U.S.) and Elster group (Germany).
Scope of the report
This report classifies the North America smart grid technology market on the basis of communication network, various smart sensor, various kinds of software’s, smart meter and geographical analysis; forecasting revenue, and analyzing trends in the market.
On the basis of communication network
The communication Network is segmented on the basis of Z-wave, Wi-Fi, Zigbee and others.
On the basis of smart sensors
The Smart sensors segment consists of HAN sensors, dynamic line rating sensors, transformer monitoring sensors and voltage sensors.
On the basis of software
The software market is broadly segmented into Supervisory Control and Data Acquisition (SCADA), Demand Response Management Systems (DRM), Distribution Management Systems (DMS) and Meter Data Management Systems (MDMS).
On the basis of geography
The geographical segmentation of market is on the basis of major countries like U.S., Canada, and Mexico.
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Shipment/ Volume Data
- Quantitative input of smart grid technology applications in each country tracked
- Value of components shipped annually in each country tracked
- Future Impact of smart grid technologies on peak load
- New technologies for smart grid development
- Future long –term roadmap for smart grid deployment
Smart grid matrix
- Description of build matrix and value matrix
- Status of smart grid matrix countrywide and their comparison with respect to trend and penetration
Deployment and challenges
- Short-term challenges for smart grid projects
- Status of smart grid deployment countrywide and the regulatory to continued deployment
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