Cellular Communications Nodes for Smart Grids Will Surpass $348 Million in Annual Revenue by 2020, Forecasts Navigant Research Ubiquitous coverage, improved reliability make cellular networks attractive for utilities, report concludes
Utilities have a number of options for connecting endpoints, or nodes, on the power grid, including power line communications, fiber, or copper leased line networks, as well as wireless solutions, like cellular, Wi-Fi, microwave, and radio frequency mesh. In recent years, there has been an upsurge of interest in public cellular networks for smart grid communications. Click to tweet: According to a recent report from Navigant Research, worldwide revenue from public cellular communications nodes for smart grid applications will grow from $75.4 million annually in 2013 to $348.3 million in 2018.
'The ubiquitous network coverage and significantly improved reliability and security of public cellular networks make them an increasingly attractive option for smart grid communications,' says Richelle Elberg, senior research analyst with Navigant Research. 'More smart grid communications vendors are adopting cellular-based solutions, preferring to be technology agnostic rather than rely on just one or two communication platforms.'
While utilities in North America are expected to turn to cellular networks in increasing numbers, utilities in countries such as the United Kingdom and Japan will also drive the use of cellular in smart grids, according to the report. In August 2013, it was announced that Spanish mobile network operator Telefónica will provide communications infrastructure in the central and southern regions of the United Kingdom, where 50 million smart meters will be rolled out between 2013 and 2020. This deployment is expected to provide a big boost to the market for cellular communications for smart grids.
The report, 'Public Carrier Networks for Smart Grids', examines the global market opportunity for cellular smart grids. The report provides an analysis of the drivers, market challenges, and technology issues that will shape the market over the coming decade. Global market forecasts for public cellular communications nodes, segmented by application, region, and technology, extend through 2020. The report also profiles the key vendors, utilities, and carriers related to the cellular smart grid ecosystem. An Executive Summary of the report is available for free download on the Navigant Research website.
About Navigant Research
Navigant Research, the dedicated research arm of Navigant, provides market research and benchmarking services for rapidly changing and often highly regulated industries. In the energy sector, Navigant Research focuses on in-depth analysis and reporting about global clean technology markets. The team's research methodology combines supply-side industry analysis, end-user primary research and demand assessment, and deep examination of technology trends to provide a comprehensive view of the Smart Energy, Smart Utilities, Smart Transportation, and Smart Buildings sectors. Additional information about Navigant Research can be found at www.navigantresearch.com.
Navigant is a specialized, global expert services firm dedicated to assisting clients in creating and protecting value in the face of critical business risks and opportunities. Through senior level engagement with clients, Navigant professionals combine technical expertise in Disputes and Investigations, Economics, Financial Advisory and Management Consulting, with business pragmatism in the highly regulated Construction, Energy, Financial Services and Healthcare industries to support clients in addressing their most critical business needs. More information about Navigant can be found at www.navigant.com.
* The information contained in this press release concerning the report, 'Public Carrier Networks for Smart Grids,' is a summary and reflects Navigant Research's current expectations based on market data and trend analysis. Market predictions and expectations are inherently uncertain and actual results may differ materially from those contained in this press release or the report. Please refer to the full report for a complete understanding of the assumptions underlying the report's conclusions and the methodologies used to create the report. Neither Navigant Research nor Navigant undertakes any obligation to update any of the information contained in this press release or the report.
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