Worldwide Smart Grid Spending To Reach $46.4 Billion In 2015

IDC Energy Insights has published a new report, Worldwide Utility Smart Grid Spending Forecast, 2010-2015, indicating that smart grid spending will increase 17.4% globally (compound annual growth rate (CAGR) for hardware, software and services) from 2010 to 2015 while overall spending will reach nearly $46.4 billion worldwide in 2015. The Asia/Pacific region is forecast to experience the most growth in spending with a five-year CAGR of 33.7%.