The smart grid, a next-generation power transmission network, has been drawing attention nowadays. It uses the information and telecommunication technology to improve power efficiency, therefore contributing to energy conservation. Electronic component and device manufacturers have positioned the smart grid market as a promising area in view of their business expansion plans in the medium to long term. They are accelerating new product development and marketing activities both in and outside Japan aimed at this market. As needs for environmental and energy savings are growing, the smart grid is expected to give rise to a huge market worldwide, and the field of electronic component and device manufacturers' activity can be expected to widen.
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