Personal tools
log in | join | help
Sections

Worldwide Smart Grid Spending to Reach $46.4 Billion in 2015

by LiveModern Webmaster last modified Apr 11, 2012 01:01 AM
Editorial Rating: 1 2 3 4 5
Average Rating: 1 2 3 4 5 ( 0 votes)
by Joshua S Hill last modified Apr 10, 2012

According to a new report released by IDC Energy Insights, global smart grid spending is likely to increase 17.4 percent from 2010 to 2015 with overall spending reaching over $46 billion worldwide in 2015. The IDC Energy Insights report was released Monday, entitled ‘Worldwide Utility Smart Grid Spending Forecast, 2010-2015‘. The report identified 14 smart [...]




 

 

According to a new report released by IDC Energy Insights, global smart grid spending is likely to increase 17.4 percent from 2010 to 2015 with overall spending reaching over $46 billion worldwide in 2015.

The IDC Energy Insights report was released Monday, entitled ‘Worldwide Utility Smart Grid Spending Forecast, 2010-2015‘.

The report identified 14 smart grid project types in an effort to determine investment priorities across four separate regions; North America, Europe, Asia/Pacific, and Latin America. The report breaks out the resulting data based on technology type — hardware, software and services — utility ownership — government owned or investor owned — and whether the utilities are electric only or a combination electric and gas.

Utilities worldwide share the same pressures and business drivers to make information and communications technology investments in smart grid infrastructure. However, there are differences in regional investment profiles – in some cases massive differences – as a result of differences in government mandates, environmental regulations, and private sector support. Utility investments in smart grid initiatives are intended to improve grid reliability, support distributed and renewable energy, reduce operations and maintenance costs, increase energy delivery efficiency, improve system security, and enable energy efficiency and demand response. With these drivers in mind, the IDC Energy Insights report strove to understand the magnitude and timing of ICT investment.

They found that in North America there was widely deployed advanced metering infrastructure (AMI) and smart meter investment. Additionally, by 2014, North America distribution automation investments will concentrate on feeder automation, volt/var optimization, and automated fault restoration.

In Europe and the Asia Pacific region, smart meters and AMI investments are carrying their respective region’s growth forward as other major project deployments begin later in the forecast period than North America. Europe has it’s eyes set on its 20-20-20 goals (20% increase in energy efficiency, 20% reduction of CO2 emissions, and 20% renewable generation sources by 2020) while the Asia Pacific region is waiting to see China deploy 300 million smart meters by 2020.

Source: IDC Energy Insights
Image Source: GDS Infographics



 

 

 
 
 

Website migration, maintenance and customization provided by Grafware.