DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/s76575/global_grid) has announced the addition of the "Global Grid Optimization Solutions Market 2014-2018" report to their offering.
The Global Grid Optimization Solutions market will grow at a CAGR of 16.4 percent over the period 2013-2018.
Countries across the globe have supported the implementation of smart grids. Funds are being raised to support the deployment of smart grid optimization solutions, resulting in an increased number of smart grid solutions being built by grid optimization vendors. A large-scale smart grid construction project was incorporated in China's 12th five-year development plan work which began in 2011
According to the report, an increased number of power outages has spurred the need for varied grid optimization solutions. The market was dominated by the Americas in 2013 followed by the EMEA and the APAC regions.
Further, the report states that despite the presence of several drivers, the Global Grid Optimization Solutions market is curtailed by some serious challenges. Vulnerability to cyber-attacks is one of the major challenges in the market. There is an increased threat of cyber-attacks and viruses as the deployment of grid optimization solutions includes communication networks and the internet.
The report also includes a discussion of the other vendors operating in this market. The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
Grid optimization serves as an umbrella term that encompasses improvements in three main areas:
- System Reliability
- Operational Efficiency
- Asset Utilization and Protection
The Global Grid Optimization Solutions market can be segmented into three divisions based on application:
- Generation Optimization
- Transmission Optimization
- Distribution Optimization.
The report, the Global Grid Optimization Solutions Market 2014-2018, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the Grid Optimization Solutions market landscape and its growth prospects in the coming years. The report also includes a discussion of the key vendors operating in this market.
- ABB Ltd.
- GE Energy LLC
- Schneider Electric SA
- S&C Electric Co. Inc.
- Schweitzer Engineering Laboratories (SEL) Inc.
Other Prominent Vendors
- Ambient Corp.
- BPL Global Ltd
- Oracle Corp.
For more information visit http://www.researchandmarkets.com/research/s76575/global_grid