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Smart Grid Market to Surpass $400 Billion Worldwide by 2020, According to New GTM Research Report

13 Aug 2013
According to the latest report by GTM Research, Global Smart Grid Technologies and growth markets 2013-2020, the global smart grid market is expected to cumulatively surpass $400 billion worldwide by 2020. China is set to be the largest grid market in the world, accounting for over 24% of the global market.

However, as smart grid implementations and applications begin to develop further in various geographies, the once-linear depiction of a smart grid roadmap is becoming increasingly multidimensional. There are of course, common architectural, hardware and process components that will be deployed regionally; however, the deployment and maturity of applications will evolve differently depending on local drivers, requirements and technological appetites.

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