The smart grid core and enabled technology market will grow to $220 billion by 2020, finds a new report from Zpryme. The research firm also says that many utilities around the globe see the smart grid as the ticket to addressing the escalating demand for reliable power, renewable energy integration and greater energy efficiency.
"No longer in an infancy stage of development, all players such as utilities, service providers, integrators and investors must consider how the coming trends will affect the smart grid market as a whole as well as their potential in the space," comments Jason Rodriguez, Zpryme CEO and director of research. "To win utilities as a customer segment, businesses must identify the smart grid applications that will not only offer the greatest profit potential, but also those that fit the service-oriented business model."
