Most of the utility infrastructure deployed in the industrialized world was built between 60 and 80 years ago. The primary design driver was to provide customers with as much energy as they could consume – energy generated from a centralized fossil fuel-burning plant. Now, much of this infrastructure is ill-suited to safely and reliably manage the loads of today and tomorrow without significant upgrades. Work has already begun, ensuring that a new generation smart grid will enable better supply and use of power driven in large part by regulatory demands and government funding and incentives. Large-scale smart metering deployments are the most visible example of this work but a number of major utilities throughout the world are either actively engaged in, or planning the enormous task of connecting grid assets, such as substations, capacitor banks, and transformers, to their head-end systems for improved monitoring, control, and, of course, automation.
In addition, new demands and new ways of monitoring energy being consumed are developing to drive and benefit from the emerging smart grids. Electric vehicles and their changing requirements are altering the way power will be expected to be available and be consumed. Smart consumer devices enable greater monitoring and management of energy consumption.
The Utilities and Smart Grid Market Data tracks and forecasts the demand for a range of key elements and their market value within the emerging Smart Grid market. These include smart meter deployments, Electric Utility infrastructure investment, electric vehicle infrastructure, and smart home appliance shipments and value.