Smart grid networking market in the Americas to grow to nearly $1bn by 2016, says IMS Research

IMS Research IMS Research

Austin, Texas, USA. July 10, 2012 – IMS Research forecasts that the market for equipment supporting smart grid communications and networking will grow from US$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 (IED) 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 roll-outs are slowing in North America, however, substation modernisation, distribution automation, and Latin America’s expected smart metering expansion will all counter this deceleration to offer substantial total growth of smart grid networking equipment markets in the Americas.

Donald Henschel, senior analyst at IMS Research (recently acquired by IHS Inc. – NYSE:IHS) comments: “Smart metering is only beginning in Latin America, but perhaps more interestingly, in North America utilities are seeing increased efforts from AMI solution providers and grid automation specialists to effectively integrate smart meter data and infrastructure into more sophisticated distribution automation tasks. Distribution automation-enabled smart meter concentrators will hasten this process.”

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.

“These acquisitions of networking and communications specialists by global automation brands reveal industry acknowledgement of networking as the next critical step to achieving the goals of the smart grid evolution,” Henschel notes.

This analysis is drawn from IMS Research’s recently published report, The Americas Market for Smart Grid Networking – 2012. The report evaluates the present and near future opportunity for suppliers of networking and communications hardware supporting automation of the smart grid in the Americas, as well as market shares of key suppliers. Building on IMS Research’s experience in the distribution automation and smart meter markets, this market study investigates Ethernet and serial connectivity trends for intelligent electronic devices, security concerns of utilities, and the status of IEC 61850 adoption in the substations and feeders.

FEATURED IoT STORIES

9 IoT applications that will change everything

Posted on: September 1, 2021

Whether you are a future-minded CEO, tech-driven CEO or IT leader, you’ve come across the term IoT before. It’s often used alongside superlatives regarding how it will revolutionize the way you work, play, and live. But is it just another buzzword, or is it the as-promised technological holy grail? The truth is that Internet of

Read more

Which IoT Platform 2021? IoT Now Enterprise Buyers’ Guide

Posted on: August 30, 2021

There are several different parts in a complete IoT solution, all of which must work together to get the result needed, write IoT Now Enterprise Buyers’ Guide – Which IoT Platform 2021? authors Robin Duke-Woolley, the CEO and Bill Ingle, a senior analyst, at Beecham Research. Figure 1 shows these parts and, although not all

Read more

CAT-M1 vs NB-IoT – examining the real differences

Posted on: June 21, 2021

As industry players look to provide the next generation of IoT connectivity, two different standards have emerged under release 13 of 3GPP – CAT-M1 and NB-IoT.

Read more

IoT and home automation: What does the future hold?

Posted on: June 10, 2020

Once a dream, iot home automation is slowly but steadily becoming a part of daily lives around the world. In fact, it is believed that the global market for smart home automation will reach $40 billion by 2020.

Read more
RECENT ARTICLES

Tyk secures $35M investment to revolutionise software delivery for enterprises

Posted on: September 20, 2021

Tyk, a London-based global tech company, announced it has closed a $35M (€29.87M) growth equity funding round led by new investors Scottish Equity Partners (SEP), alongside existing investors MMC Ventures.

Read more

The doctor will see you now – by teleporting into your home!

Posted on: September 20, 2021

The National Robotarium, hosted by Heriot-Watt University, is pioneering intelligent sensing and tele-presence robotic technology to allow health practitioners to remotely assess a person’s physical and cognitive health from anywhere in the world.

Read more