Market research and consulting company Frost Sullivan recently said that the smart grid market continues to maintain a strong growth momentum. Chief consultant Farah Saeed pointed out that in 2010, the smart grid market grew rapidly by 59.7 percent to 23.97 billion U.S. dollars.

He said: From 2010 to 2017, the growth of the smart grid market will stabilize, with a compound annual growth rate of 26.6%. This growth rate is still quite alarming, while the U.S. economic growth rate is less than 3%, and even China is also below 10%.

Saeed said that the factors driving the rapid growth of the smart grid market include the continuing strong market demand for distribution network management such as distribution automation and substation automation.

FrostSullivan's report is a good news for grid providers and investors. Many people think that the development of the North American market has stagnated. In fact, although the growth of the North American market has slowed, it is still quite strong.

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