Thursday, August 1, 2013

Market Report- North American Market for Smart Grid 2008-2012

MarketResearchReports.Biz announces addition of new report “North American Market for Smart Grid 2008-2012” to its database

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.

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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.

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