The global smart grid market has grown steadily over the last five years and is expected to continue its growth momentum during 2012-2017. The market is forecast to reach approximately US $64.3 billion by 2017 with a CAGR of 17% over the next five years. Asia Pacific (APAC) is anticipated to lead the market due to greater generation potential and an increase in consumption rates in that region.
Lucintel, a leading global management consulting and market research firm, has analyzed the global smart grid market and presents its findings in “Growth Opportunities in Global Smart Grid Market 2012-2017: Trends, Forecast, and Market Share Analysis.”
As indicated by the study, the North America region emerged as the leading smart grid consumer in value, replacing Europe, where smart grid projects initially were implemented and with comparable growth rates. Economic recession and sharp declines in most US market segments resulted in a decrease…
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