World’s top smart grid vendors revealed, in running for leadership of US$500 billion market
- 27 March 2013
LONDON: The world’s top 150 vendors in smart grid vendors and technology are revealed in a new report by GTM Research.
The Networked Grid 150 report analyzes company profiles for smart grid vendors, ranking each one within several market segments including electric vehicle infrastructure and energy storage, and across three primary domains: smart grid solutions, market dominance, and growth and sustainability.
The report also singles out the top ten smart grid vendors, which this year includes ABB, Cisco, IBM, Schneider Electric and Siemens, who are competing for a share of what will GTM say will become a US$500 billion annual market by 2030.
David Groarke, Senior Analyst, GTM Research, said: “We publish The Networked Grid 150 report annually to provide an objective view of vendor positioning, competition, and technology maturity for smart grid players. Our vendor clients use this report to benchmark their positioning within their respective market segment and better understand the trends and interplay between technologies. The same goes for our utility clients, who also see The Networked Grid 150 as a guide to the vendors with which they ought to be working.”
Kirsten Jack, Head of Smart Technologies, The Climate Group, said: “As smart grid technology adoption accelerates around the world, vendors are understandably competing for their share of the billions to be made in the sector. The GTM report is a useful insight into those who may well have the best chance of leading this growth and are already reaping the rewards of early innovation, especially for emerging competition.”