Filled under: Standard
U.S. Smart Grid Network Management Systems 2012
There are currently over 30 million smart meters in the U.S. that will provide electric customers dynamic ways to manage, monitor and control their electricity consumption. Further, new communication networks have been deployed that enable real-time monitoring of the health and stability of transmission and distribution systems. New transmission and distribution systems offer faster outage response times, and provide true two-way communication between homes and businesses and the utility company. As these new developments are incorporated on a wide spread basis, an integrated network management system becomes increasingly important. A network management system provides utilities with the ability to analyze and monitor multiple networks, devices, and mission critical operations across the utility value chain. The U.S. market for Smart Grid network management systems, deployed by utilities, is projected to grow from $225 million in 2012 to $1,050 million in 2020. This represents an annual growth of 21% from 2012 to 2020.
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