WASHINGTON, May 27, 2015 /PRNewswire/ -- The Internet of
Things (IoT) is a much-hyped market promising a number of
futuristic applications. The reality is that the first mass
deployment of the IoT has already occurred in the electric power
sector. Smart grid infrastructure has been deployed in many
geographic regions already and between 2015-2025, a further
$380.1 billion will be invested
globally, according to a new study published today by Northeast
Group, LLC.
"Smart grid infrastructure is the first concrete example of the
'Internet of Things' on a significant scale," said Ben Gardner, President of Northeast Group.
"Smart meters with two-way communications and other sensors across
the power grid are already providing tangible benefits for utility
customers. The next decade will see billions invested in the global
smart grid market, creating a huge opportunity for vendors."
There are currently more than 500 smart grid vendors both
competing and partnering with one another. Northeast Group
identified four trends currently shaping the vendor landscape.
First, partnership and M&A activity is accelerating in the
market. Second, infrastructure investment is shifting from
developed to emerging markets and this is where the opportunities
will be over the next decade. Third, vendors are branching out from
traditional investment in smart metering to new smart city and
smart infrastructure market segments. Fourth, vendors are
repositioning themselves away from hardware towards higher-value
segments such as analytics software and services.
"The four trends we identified shape how smart grid vendors are
formulating their longer-term strategies," continued Gardner. "In
order to succeed over the next decade, vendors will need to
proactively leverage these broader market trends to their
advantage."
Some of the leading vendors identified in the study include:
ABB, Aclara, Accenture, ADD Grup, Aidon, Alstom, Apator, Apex
CoVantage, Bit Stew Systems, C3 Energy, CG, Cisco, Cyan, Eaton,
ELO, El Sewedy, Elster, Eneri, Ericsson, GE, Hexing, Holley, IBM,
Iskraemeco, Itron, IUSA, Kamstrup, Landis+Gyr, LG, Nansen, NES,
Oracle, Ormazabal, Osaki, Sagemcom, SAP, S&C Electric,
Schneider Electric, Secure, SEL, Sensus, Siemens, Silver Spring
Networks, Survalent, Tantalus, Tollgrade, Toshiba, Trilliant,
Wasion, Weg, Ziv and hundreds more. Northeast Group's study
Global Smart Grid Vendor Landscape: Internet of Things (IoT) in
the Power Sector is currently available at:
www.northeast-group.com
ABOUT: Northeast Group, LLC is a Washington, DC-based smart infrastructure
market intelligence firm. www.northeast-group.com
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SOURCE Northeast Group, LLC