Research and Markets (http://www.researchandmarkets.com/research/4zldgx/smart_grid) has announced the addition of the "Smart Grid Communications Network Market in the US 2012-2016" report to their offering.

TechNavio's analysts forecast the Smart Grid Communications Network market to grow at a CAGR of 17.66 percent over the period 2012-2016. One of the key factors contributing to this market growth is the increasing construction of large smart grids. The Smart Grid Communications Network market has also been witnessing the increasing communication network services leasing. However, the increased exposure to cyber-attacks could pose a challenge to the growth of this market.

The key vendors dominating this market space are Silver Spring Networks Inc., Itron Inc., Sensus USA Inc., Landis+Gyr Inc., and Elster Group SE.

The other vendors mentioned in the report are ABB Ltd. (Ventyx Inc.), Aeris Communications Inc., Ametek Power Instruments, Ambient Corp., Arcadian Networks Inc., ATandT Inc., Badger Meter Inc., BPL Global Ltd., Certicom Corp. (RIM Ltd.), Cisco Systems Inc., Comverge Inc., Constellation Energy Group Inc., Cooper Power Systems, Corinex Communications Corp., Echelon Corp., Eka Systems Inc., EnerNOC Inc., ESCO Technologies Inc., GE Co., GarettCom Inc., GridPoint Inc., GridNet Inc., Honeywell International Inc., IBM Corp., Johnson Controls Inc., Proximetry Inc., REGEN Energy Inc., Roper Industries, SandC Electric Co., Schneider Electric SA, Sierra Wireless Inc., Sprint Nextel Corp., Tantalus Systems Corp., Trilliant Group Inc., and Verizon Communications Inc.

Commenting on the report, an analyst from TechNavio's Networking team said: ''One of the major trends is the increasing communication network services leasing. Several power utilities have entered into contracts for leasing the smart grid communications network services to various telecom companies, or to other service providers. This trend strongly prevails in the US, with approximately 20 percent of the power utilities leasing smart grid communications networks to third parties.''

According to the report, one of the main growth drivers is the increasing construction of large smart grids. The major difference between smart grids and traditional power grids is the ability of the smart grid to facilitate two-way communications, which are performed through the smart grid communication networks.

For more information visit http://www.researchandmarkets.com/research/4zldgx/smart_grid