According to SBI Research, the market for smart grid enabling technologies (including two-way wireless communications) in the United States is currently about $6.4 billion.
This market is expected to grow at 20.8 percent annually through 2014, when the smart grid enabling technology market will be about $16.5 billion. The bulk of this market will go toward smart sensors and devices which will need to be placed throughout the grid and within consumer homes and office buildings.
via Smart Grid.
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- Smart Grid Communications Gets Dedicated Licensed Spectrum and WiMAX Technology
- Building the Smart Grid Stage | TMCnet.com
- Smart Grid Infrastructure to Generate $11.4 Billion Revenue for Sensors: Report | TMCnet.com
- Smart Grid Infrastructure to Generate $11.4 Billion Revenue for Sensors: Report | TMCnet.com
January 4, 2010
Smart Grid technology will find its way into the homes of consumers in the near future. This will help address the huge energy requirement and also accommodate renewable energy sources such as the wind. Transformer companies like Pacific Crest Transformers is working in this direction. Visit the website at http://www.pacificcresttrans.com/home.html