According to GTM Research, the electric vehicles (EV) market will present a significant opportunity for smart grid hardware, software, and communications vendors.
According to a new report from GTM Research, the United States smart grid market will grow more than 70 percent over the next five years, reaching $9.6 billion by 2015. The U.S. Smart Grid Market Forecast: 2010–2015 analyzes key trends in four technology sectors – Advanced Metering Infrastructure (AMI), Distribution Automation (DA), Home Area Networks (HAN) and Smart Utility Enterprise. The study concludes that the factors driving the market expansion include federal ARRA grants for utility modernization, increased market competition and consolidation, and enhanced technology synergies.
A new report by GTM Research predicts the Meter Data Management market will grow from $54 million in 2009 to $221 million by 2014, coinciding with smart meter rollouts and MDM vendors expanding and enhancing their product offerings. The report, The Emergence of Meter Data Management: A Smart Grid Information Strategy Report, defines MDM’s role in the smart grid deployment presents an analysis of how to most efficiently deploy the meter management technology.