5 Comments

Summary:

Networking giant Cisco has estimated that the market for smart grid communications will grow into a $20 billion-a-year opportunity as the infrastructure is built out over the next five years, and a new report from researchers at Specialists in Business Information (SBI) forecasts the market will […]

Networking giant Cisco has estimated that the market for smart grid communications will grow into a $20 billion-a-year opportunity as the infrastructure is built out over the next five years, and a new report from researchers at Specialists in Business Information (SBI) forecasts the market will grow to $17 billion per year by 2014 from today’s $6 billion. That’s a compound annual growth rate (CAGR) of almost 21 percent through 2014 for technology that will provide better sensing and control systems and help integrate more renewable energy into the U.S. power supply. Globally, SBI expects the market for smart grid technologies to grow to about $171 billion by 2014 (with a CAGR of nearly 20 percent), up from approximately $70 billion in 2009.

This represents sizable growth and a pretty big market, but let’s put it in perspective with some of the other markets created through information technology:

  • The worldwide market for home-networking products, like game consoles, TVs and set-top boxes, will rise to over $94 billion in 2010, from about $74 billion this year, according to ABI Research.
  • The worldwide revenue from semiconductors was $255 billion in 2008, which was a decrease of $14.5 billion from 2007 revenue, according to Gartner.
  • Worldwide spending on IT, which includes consumer and business spending on computing, IT services, telecom and software, is forecast to total $3.2 trillion in 2009, a 3.8 percent decline from $3.4 trillion in 2008, according to Gartner.
  • The worldwide market for enterprise software is forecast to total $222.6 billion in 2009, basically unchanged from $221.9 billion last year, according to Gartner.

You’re subscribed! If you like, you can update your settings

  1. Smart Grid to Grow 21 Percent a Year to $17B by 2014: Report « SmartGrid Current Wednesday, May 27, 2009

    [...] Smart Grid to Grow 21 Percent a Year to $17B by 2014: Report Posted May 27, 2009 Filed under: Uncategorized | http://earth2tech.com/2009/05/26/smart-grid-to-grow-21-percent-a-year-to-17b-in-5-years/ [...]

  2. Smart Grid Firm Trilliant Finds A Deal In Old Muni Wi-Fi Firm Thursday, May 28, 2009

    [...] funds, and the likelihood of cap and trade regulation being passed in the U.S. in the future, the smart grid market is set to grow by over 20 percent to a $17 billion U.S. market and a $171 billion global market in the next five years. The market [...]

  3. ECO-BUSINESSWIRE.COM › Smart Grid to Grow 21 Percent a Year to $17B by 2014: Report Thursday, May 28, 2009

    [...] $171 billion by 2014 (with a CAGR of nearly 20 percent), up from approximately $70 billion in 2009. (link) This was written by rafael. Posted on Thursday, May 28, 2009, at 11:14 am. Filed under Energy [...]

  4. Why VCs Heart Smart Grid: It’s IT Friday, May 29, 2009

    [...] that not many products have gotten to market yet, there’s a huge opportunity there,” he said. According to SBI Research, the smart-grid market is expected to grow by more than 20 percent in the U.S. over the next five years to $17 billion, [...]

  5. Copper use in current and future applications » Blog Archive » Copper Trends (weekly) Saturday, May 30, 2009

    [...] Smart Grid to Grow 21 Percent a Year to $17B by 2014 [...]

Comments have been disabled for this post