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Report: Connectivity Modernizes Grid Communication in North America
Source: Smart Grid Observer
February 5, 2018 -- Frost & Sullivan’s new analysis, North American Digital Grid Communication Infrastructure, Forecast to 2023, provides an assessment of disruptive trends and technologies, market share, and competitive analysis of key players such as ABB, Siemens, Landis & Gyr, Elster, and Itron. The research finds that the market is expected to increase at a compound annual growth rate of 9.1 percent from 2016 to 2023, reaching an estimated $1 billion by 2023 in North America.
“The rapidly changing market environment demands flexibility in the communications infrastructure,” said Frost & Sullivan Global Program Leader – Digital Grids Farah Saeed. “With a forward-looking market, vendors should develop a compelling business model like the communication-as-a-service model to improve bottom-line results for end users.”
Among the analysis’ key findings is that the total digital grid communication infrastructure market for the North American electric grid will grow at a CAGR of 9.1 percent until 2023.
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