Smart Grid Technologies

Author:REVE     Source:REVE     Click:455     Publish time:2013/2/26 16:21:54

Smart grid technologies include transmission upgrades, substation automation, distribution automation, smart grid IT/OT, and smart metering.

Many complex smart grid programs based on these technologies have begun, but the scale of what remains to be done is enormous.

A number of countries with populations over 100 million have not yet seen notable smart grid deployment activity, and Africa, with its population of 1 billion, has seen very little at all.  All of this suggests that the market is likely to continue robust growth beyond 2020.

Though smart grid technologies still constitute an immature market, they already total $33 billion in annual revenues.  Key drivers in the sector include the integration of renewable energy sources in developed economies and the reduction of non-technical losses in less developed economies.

Though smart grid technologies still constitute an immature market, they already total $33 billion in annual revenues. Key drivers in the sector include the integration of renewable energy sources in developed economies and the reduction of non-technical losses in less developed economies. Pike Research forecasts that annual smart grid revenues will grow to $73 billion by 2020, at a compound annual growth rate of over 10%. Even then, the market will not nearly be saturated, with significant populations of the world still living in energy poverty and therefore remaining addressable markets.

This Pike Research report examines the market dynamics and most important technology issues for smart grid technologies for the period from 2012 through 2020. The report profiles the key players in smart grid technologies, in eight categories: influential utilities, control system vendors, telecommunications vendors, smart metering vendors, application and services vendors, systems integrators, cyber security vendors, and standards associations. Analysis and forecasts are presented year-by-year and cumulatively through 2020, dissecting the market by smart grid application and by region, with further technology segmentation within each application.


Keywords:Smart Grid Technologies
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