ARC advisory group: Smart-grid market to grow 11% annually
From SustainableBuisiness.com: The worldwide smart-grid operations-management software and services market will grow by greater than 65% over the next five years, representing a compound annual growth rate of 11.1%, according to a new report.
The ARC Advisory Group says this substantial growth will result from a concurrent wave of new technology and worldwide infrastructure spending driven by sovereign investment programs. These sovereign investment programs are heavily focused on technology to improve grid reliability, efficiency and information-management capabilities. Smart-grid operations-management software is a critical element in the development of more efficient and reliable electric grids.
The United States China, and India currently allocate the greatest amount of public capital to grid expansion and improvement initiatives.