U.S. smart grid networking market to grow to nearly $1 billion by 2016
This growth is projected even as smart meter shipments are forecast to decline from 2012 onwards in North America and general economic growth remains elusive
Austin, Texas, July 11, 2012 — IMS Research forecasts the market for equipment supporting smart grid communications and networking to grow from $700 million in 2011 to nearly $950 million by 2016.
This growth is projected even as smart meter shipments are forecast to decline from 2012 onwards in North America and general economic growth remains elusive.
Smart metering projects in the mid- to late-2000s propelled North America's market for radios and other networking hardware supporting feeder line tasks. Later growth in distribution automation intelligent electronic device shipments furthered this trend, supporting opportunity for traditional serial radios as well as a wide assortment of next generation solutions.
As of 2012, smart meter rollouts are slowing in North America, however, substation modernization, distribution automation, and Latin America's expected smart metering expansion will all counter this slowing to offer substantial total growth of smart grid networking equipment markets in the Americas.
The supplier environment for smart grid automation and networking is in a dynamic period, with major substation networking supplier RuggedCom recently purchased by Siemens, and smart grid mesh radio provider Tropos acquired by ABB. Both ABB and Siemens offer deep catalogues of grid automation solutions, but their market presence in the Americas has not been as high as in other regional markets.