Alternative Profits Blog
Smart Grid - Opportunities, Trends and Challenges
DefinitionA smart grid delivers electricity from suppliers to consumers using digital technology to save energy, reduce costs, and increase reliability and transparency. Such a modernized electricity network is being promoted by many governments as a way of addressing energy independence, global warming and emergency resilience issues.
Market Need
An electronic power distribution and control mechanism that provides more reliable electricity at lower costs to the producer and the consumer
Trends
• BCC Research says the U.S. market for Smart Grid “enabling technologies” was $17.3 billion in 2008. Its new report claims the sector will grow at a compound annual growth rate (CAGR) of 15.3%, increasing to $39.4 billion in 2014.
• Morgan Stanley Research has issued a private report to its clients sizing the Smart Grid market at $20 billion in 2008, growing to $40 billion by 2013 and $100 billion by 2030.
• Frost & Sullivan foresees that the smart grid will play more and more important roles in the development of China's national economy in the future.
• US President Obama's stimulus plan has budgeted $11 billion for smart grids
• Cisco believes that the smart grid market will be worth about $20 billion by 2013.
posted by Ecacofonix at
6:33 AM
Tuesday, September 8, 2009
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