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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

BOULDER, Colo.–(BUSINESS WIRE)–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. 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.

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Utility Spending on Asset Management and Grid Monitoring Technology Will Reach Nearly $50 Billion through 2023, Forecasts Navigant Research

New technology provides a holistic, predictive view of grid performance, report concludes.

BOULDER, Colo.–(BUSINESS WIRE)–Most utilities today handle asset management with what amounts to a run-to-fail strategy. Despite the growing availability of new solutions, many utilities have not yet incorporated sensing or monitoring technology into their networks. With the advent of the smart grid, however, the inclusion of sensing and monitoring systems is starting to make compelling economic sense. Click to tweet: According to a new report from Navigant Research, cumulative utility spending on asset management and condition monitoring systems for the power grid will total $49.2 billion during the period from 2014 to 2023.

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