‘Smart Grid Market in India 2014-2018’ report announced

Ireland, Dublin: Research and Markets has announced the addition of the ‘Smart Grid Market in India 2014-2018’ report to their offering.

One of the major drivers of this market is increased power demand and supply of power equipment shortfalls, reports Herald Online. DMSs, “intelligent” load control, EMSs, and the use of communication and IT systems to monitor power flow complement the growth of smart grid market in India.

The report states that high cost of implementation of smart grids is one of the greatest challenges in India. Severe losses are caused because of power subsidies.

Companies mentioned in the report are ABB, GE, L&T, Schneider Electric, Wipro, HCL Info Systems, CISCO, IBM and Infosys.

Source: Herald Online