By Greentech Lead America: The global smart grid market
is expected to experience strong expansion during the next 10 years. Global
smart grid market in 2012 will total $33.91billion.
The merging of interoperability standards and more
consistent integration of renewable energy into the grid will be the main
challenges to face by the smart grid industry in next few years. According to
MarketResearch.com, when these obstacles have been resolved, large scale
deployment of smart grid projects will become reality.
During the period 2012-2013, the smart grid market will
be marked by shifting from smart metering implementation to actual realization
of the grid infrastructure. The goal of the regulators will be to promote
decarbonization of the economy through implementation of smart grid technology.
In the short run the smart grid market will be negatively
influenced by the economic hardship in Europe as well as by the slower growth
in the emerging world, overall the industry is expected to experience strong
growth.