GRID MANAGERS TO TRIPLE SPENDING FOR SMART CONTROLS

Asset Management and Condition Monitoring; Grid Sensors and Software Solutions for Transmission and Distribution Networks: Global Market Analysis and Forecasts

1Q 2014 (Navigant Research)

“…[W]ith the advent of the smart grid – and the deployment of communications networks that enable advanced metering infrastructure and distribution automation programs – the inclusion of sensing or monitoring is starting to make more economic sense…Asset management and condition monitoring (AMCM) solutions encompass physical devices that may share real-time or near real-time data with the operations center…[and software and analytics solutions]… The benefits of more refined grid operations are increasingly recognized, not only by financial stakeholders, but also by regulatory bodies concerned with electric rates for customers and the reliability and efficiency of the power grid overall…Navigant Research forecasts that the global market for AMCM devices and solutions will more than triple between 2014 and 2023 to nearly $6.9 billion…” click here for more

click to enlarge

Tweet