What does the future hold for the global smart grid? According to new GTM Research report, Global Smart Grid Technologies and Growth Markets 2013-2020, the cumulative value of the market is expected to surpass $400 billion by 2020, growing with an average compound annual growth rate of over 7%. Regionally, China is forecasted to become the largest smart grid market in the world, accounting for over 24% of the global market by 2020.
FIGURE: Smart Grid Regional Forecast 2013-2020 Source: Global Smart Grid Technologies and Growth Markets 2013-2020 This new 96-pagereport examines the global smart grid market from the perspective of growth and market share of technologies and services. It features in-depth financial forecasting along with highlights of regional trends and analysis of opportunities across the world’s established and emerging smart grid markets. Key geographies covered in the report include: China, North-America, Asia-Pacific, Europe and Latin America.
The report first examines the global smart grid market from a comparative perspective, looking at the expected growth rate of the individual regions as well as the cumulative global growth rates of discrete smartgrid technologies. Then, each of the regions is examined in more detail, with comprehensive forecasting from 2013 to 2020. By examining the major markets and technologies, the report identifies the biggest growth opportunities for the next eight years and those markets which are most attractive to investors and utility vendors. Smart grid markets analyzed in the report include: