Abstract
With the advancement in technologies and increase in the availability of
variety of electrical and electronic gadgets, electricity consumption is
increasing at a high rate. It is expected that electricity will constitute 16
percent of the total energy consumption in 2009 as compared to 9 percent about
20 years ago. The efficiency of a traditional electric grid is only around 33
percent. However, with the implementation of some advanced technologies, the
efficiency can be improved to around 60 percent. This implementation of
advanced technologies is termed as ' Smart Grid Technologies' . Smart grid is
the modernization of the transmission and distribution aspects of a
traditional electrical grid; transforming the grid from centralized producer
controlled network to less-centralized and more consumer interactive network.
It delivers electricity from suppliers to consumers, using digital technology
which provides more efficient, reliable, responsive, and environment-friendly
electrical system.
The report forecasts the size of North American Market for Smart Grid over the
period 2008-2012. It segments the total North American Market for Smart Grid
Market by various countries present in North America. Further, the report
provides the categorical segmentation of Smart Grid Market in North America
and discusses the key market trends, major drivers and challenges for Smart
Grid Technologies in North America. It also profiles some of the key vendors
operating in this market.
TechNavio Insights is a set of reports based on TechNavio - a market
intelligence platform for the IT industry. It builds on the intelligence
available within TechNavio, and leverages on the custom research experience of
the ' Technology Navigators' . TechNavio is built on years of experience of
Infiniti Research in deep dive custom research and consulting for over 30
Fortune 500 companies and numerous large and mid-sized companies.
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