LONDON, UK: The large-scale upgrading of old technology as well as adopting new technologies are the key trends on the nowadays smart grid technology market. These developments are believed to lead to a more efficient usage of electricity. The governments increase their investments into the industry and the utilities’ index is expected to reach a billion mark in the next five years.
According to a number of forecasts the global smart grid market will reach $80.6 billion in 2016 from $22.8 billion in 2011 growing at a CAGR of 28.7 percent from 2011 to 2016.
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