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The smart-grid market was already formidable in 2009, with revenues of over $4.5 billion due mostly to aggressive adoption in the U.S. Figure in the efforts to build intelligent power grids in countries around the globe, and the smart grid market is on track to grow at an impressive 23% CAGR over the next 5 years, reaching a staggering $15.8 billion in 2015.
Taken from our recently released report “The Smartest Opportunities in the $16 Billion Smart Grid,” this week’s graphic illustrates our breakdown of smart grid opportunities into three market segments – measurement and communication, analysis and services, and local management. These segments break down further into the eleven subsegments shown.
Bottom line: Our analysis shows the measurement and communication segment has the early momentum. Expected to top $5 billion by 2015, smart meters and networking infrastructure technologies enable better management of information across the grid, and therefore better management of electrons.
As information begins to flow across the grid, demand for analysis and services technologies will grow. Led by demand response applications, analysis and services revenues could make up the largest piece of the smart-grid pie by 2015. Currently below $1.4 billion today, companies in this sector will likely see revenues grow at a 30% CAGR, leading to revenue totaling over $6.7 billion by 2015.
Source: Lux Research report ” The Smartest Opportunities in the $16 Billion Smart Grid.” To learn more about this graphic and related intelligence from Lux Research, click here or email Carole Jacques.
