Smart grid home area network market to grow 18 percent through 2014

Rockville, Md., October 18, 2011 – The Global Smart Grid Home Area Network (HAN) market will grow at a CAGR of 18.2 percent over the period 2010-2014, according to a report by MarketResearch.com.

One of the key factors contributing to this market growth is the increasing installation of smart meters. The market has also been witnessing an increase in strategic partnerships. However, the lack of industry standards could pose a challenge to the growth of this market.

Key vendors dominating this market space include Control4 Corp., Tendril Networks Inc., Cisco Systems Inc. and Silver Spring Networks.

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