However, the report called, ‘Smart Grid Technologies’, which analyzes the global market opportunity for smart grid technologies and applications, forecasts that once the initial government and industry initiative begins to wane, the smart grid market will begin to decline in size.
The report, which examines utility business models, regulatory factors, technology issues, and the dynamics of end-user demand, provides a detailed global market forecasts through 2015, segmented by region and application.
According to the report, government initiatives in the form of stimulus funds have been the driving force behind the current surge in smart grid activity. And once the government boost subsides, the smart grid market will decline at an average rate of 6% per year after 2013.
However, the rate of change in market value will vary by world region. The North American market will witness 1% decrease per year after its peak in 2013. The slow rate may be attributed to the fact that there is more aging grid infrastructure to be replaced after many years of underinvestment in the US.
In Europe, the smart grid market will not peak until 2014, resulting in a subsequent slower decline in the market than in other parts of the world.
