BOULDER, Colo.--(BUSINESS WIRE)--A recent report from Navigant Research examines the smart energy for smart cities market, focusing on the smart grid and advanced energy technologies segments, with global market forecasts for revenue, through 2024.
The movement toward smart grids is increasingly focused on the ability to effectively manage distributed energy resources (DER) within a city. Smart grid technologies are enabling unprecedented energy efficiency improvements, as well as dynamic forms of demand management and integration of distributed renewable energy resources. Click to tweet: According to a recent report from @NavigantRSRCH, the smart cities technology market is expected to total $136.9 billion from 2015 to 2024.
“Smart cities are emerging as an important force in implementing the Energy Cloud philosophy across different sectors such as transportation, public and private institutions and buildings, and land use and development,” says Lauren Callaway, research analyst with Navigant Research. “For utilities, this creates myriad opportunities to test and deploy new technologies, services, and business models.”
For utilities and cities, developing an effective cross-agency smart energy/smart city strategy enables the optimal use of citizen and city-owned energy resources and reduces redundant investments in infrastructure, according to the report. Such a strategy also promotes customer engagement, thus improving quality of service and expanding the services offered to residential, public sector, and commercial energy users.
The report, Smart Energy for Smart Cities, analyzes the global smart energy for smart cities market, with a focus on two segments: smart grid and advanced energy technologies. The study investigates the key market drivers, barriers, dynamics, and regional trends related to smart energy for smart cities technology. Global market forecasts for revenue, broken out by segment, application, and region, extend through 2024. The report also examines the key technologies that constitute the smart energy for smart cities market, as well as the competitive landscape. An Executive Summary of the report is available for free download on the Navigant Research website.
About Navigant Research
Navigant Research, the dedicated research arm of Navigant, provides market research and benchmarking services for rapidly changing and often highly regulated industries. In the energy sector, Navigant Research focuses on in-depth analysis and reporting about global clean technology markets. The team’s research methodology combines supply-side industry analysis, end-user primary research and demand assessment, and deep examination of technology trends to provide a comprehensive view of the Energy Technologies, Utility Transformations, Transportation Efficiencies, and Buildings Innovations sectors. Additional information about Navigant Research can be found at www.navigantresearch.com.
About Navigant
Navigant Consulting, Inc. is a specialized, global professional services firm that helps clients take control of their future. Navigant’s professionals apply deep industry knowledge, substantive technical expertise, and an enterprising approach to help clients build, manage and/or protect their business interests. With a focus on markets and clients facing transformational change and significant regulatory or legal pressures, the Firm primarily serves clients in the healthcare, energy and financial services industries. Across a range of advisory, consulting, outsourcing, and technology/analytics services, Navigant’s practitioners bring sharp insight that pinpoints opportunities and delivers powerful results. More information about Navigant can be found at navigant.com.
* The information contained in this press release concerning the report, Smart Energy for Smart Cities, is a summary and reflects Navigant Research’s current expectations based on market data and trend analysis. Market predictions and expectations are inherently uncertain and actual results may differ materially from those contained in this press release or the report. Please refer to the full report for a complete understanding of the assumptions underlying the report’s conclusions and the methodologies used to create the report. Neither Navigant Research nor Navigant undertakes any obligation to update any of the information contained in this press release or the report.
