Market Potential

The Smart Grid market is a huge and growing market since today’s electricity distribution networks need significant investment to become more intelligent and energy-efficient.

As with other technologies such as Wi-Fi, 3G and Ethernet, it is not until the adoption of a worldwide standard that consumers and vendors alike have the confidence to get behind a particular solution – but once a standard is approved volume is accelerated and demand grows quickly, all of which lead to rapid industry growth and increased consumer satisfaction.

Analysts estimate that the Smart Grid industry will be worth more than USD 200 billion over the next five years. Several global high-tech companies such as Cisco, IBM and Intel agree with the analysts about the forecasted Smart Grid market size.

The market of Smart Grid Communications is estimated to reach USD 3.1 billion by 2016. Pike Research Report (July 2010) estimates that the Smart Grid Communications Node Shipments will total 276 million through 2016.