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Study: Smart energy IT market growing quickly

Grant Gross | Jan. 16, 2013
Revenue in the IT segment of the world's smart electricity delivery industry is likely to have grown by 23 percent, to US$9.4 billion, in 2012, in support of smart grid deployments, according to a new study.

In addition to the enabling IT portion of the electricity delivery and management market, IT plays a part in the advanced energy buildings market, the study noted. The enabling IT portion of the worldwide smart buildings market generated $3.8 billion in 2011, with a growth of 28 percent from 2011 to 2012, the study predicted.

IT in the smart buildings portion of the industry helps enterprises and other customers manage their energy consumption, Stanberry said. "It's sort of where all this smart grid stuff leads," he said.

 

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