Smart Grid is projected to reach 62 $billion in 2016

Date: 2016-09-12

Since the early 21st century, opportunities to take advantage of improvements in electronic communication technology to resolve the limitations and costs of the electrical grid have become apparent. Technological limitations on metering no longer force peak power prices to be averaged out and passed on to all consumers equally.

In parallel, growing concerns over environmental damage from fossil-fired power stations has led to a desire to use large amounts of renewable energy. Dominant forms such as wind power and solar power are highly variable, and so the need for more sophisticated control systems became apparent, to facilitate the connection of sources to the otherwise highly controllable grid.

Throughout the world, regulatory frameworks have been the driving force for smart grid infrastructure investment. But electric utilities are in many cases State-owned and in all cases are regulated entities, meaning the policies regulators put in place will often be the dominant driver of the market. Some countries such as China have a strong government push for smart grid despite more limited benefit potential. Smart grid infrastructure is a classic example of an investment with wide ranging benefits – from smoother demand profiles to increased use of renewable energy and lower T&D loss rates – that are sometimes difficult to capture in a simple business case without clear government regulations. As a result, government activity such as the US Smart Grid Investment Grant (SGIG) program and the EU goal of 80% smart meters by 2020 have driven the largest deployments globally.

And in emerging market such as China, which total invest 68 $Billion in National Grid infrastructures in 2015, increase 24% compared to 2014. According to 9Dimen Research, the global investment in smart grid infrastructures and related software solution and service will rise 19.5% to reach 62 $billion in 2016. There are colossal opportunities for this progressively increase market. 

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Joanna | Executive – International Business and partner Relations
E-mail: | Tel: 001-510-400-8520

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