Smart Grid Technology Market worth $80.6 Billion by 2016
According to a new market research report “Smart Grid Technology Market - Analysis & Global Forecast By Hardware, Software & Communication Network Technologies (2011 2016)” published by MarketsandMarkets (www.marketsandmarkets.com), the total smart grid technology and related application market is expected to reach $80.6 billion by 2016 at a CAGR of 28.7% from 2011 to 2016. Browse over 85 market data tables and in-depth TOC on “Smart Grid Technology Market Analysis & Global Forecast By Hardware, Software & Communication Network Technologies (2011 - 2016)”
http://www.marketsandmarkets.com/Market-Reports/smart-grid-technology-application-market453.html
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The need of efficient energy promotes the use of smart grid. Smart grid is the latest technology adopted by the power utility to reduce the transmission and distribution loss and also to make the grid line more efficient. The major advantage of the smart grid network is the bidirectional communication network, wherein the utilities and the end-user are able to effectively communicate with each other.