Annual global spending on smart grid technologies, including smart meter implementations, as well as upgrades to transmission and distribution infrastructure, is expected to reach $65 billion by 2017.
Much of the electricity infrastructure in operation today is antiquated, highly inefficient, and cannot reliably manage the loads of today and tomorrow without significant upgrades taking place. With climate change high on the political agenda and utilities keen to increase operational efficiencies, there is an obvious and pressing need for a complete overhaul of all aspects of the grid in order to make it smarter. To this end, work has begun on ensuring that the smart grid will soon become a reality with large-scale smart metering deployments, which are the most visible example of these efforts.
However, the installation of smart meters is just the tip of the iceberg as far as the smart grid is concerned. “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 automation,” says Craig Foster, senior analyst, home automation and M2M. “This involves the installation of a plethora of sensors, controls, and other grid optimization solutions such as synchrophasors and advanced reclosers.”
As such, transmission and distribution (T&D) investments are expected to account for the lion’s share of smart grid investments up until 2017. On a cumulative basis, a total of almost $278 billion will have been invested globally in T&D infrastructure by this time, compared to $48 billion for the purchase of smart meters, thus illustrating a smart grid opportunity that goes way beyond advanced metering infrastructure.
ABI Research’s new study, “Smart Grids,” analyzes the market for smart grid equipment and services for the 2011-2017 period, covering Asia-Pacific, Europe, the Middle East and Africa, North America, and Latin America. It provides the outlook for smart meter deployments and associated revenues, electric vehicle charging station installations, and spending on smart grid-related transmission and distribution (T&D) infrastructure. Also presented is a quantitative analysis of specific smart grid-related components at the utility level, such as synchrophasors, and home energy management systems.
It is part of ABI Research’s M2M Research Service and Smart Cities Research Service.
ABI Research provides in-depth analysis and quantitative forecasting of trends in global connectivity and other emerging technologies. From offices in North America, Europe and Asia, ABI Research’s worldwide team of experts advises thousands of decision makers through 40+ research and advisory services. Est. 1990. For more information visit www.abiresearch.com, or call +1.516.624.2500.
About ABI Research
ABI Research is a global technology intelligence firm uniquely positioned at the intersection of technology solution providers and end-market companies. We serve as the bridge that seamlessly connects these two segments by providing exclusive research and expert guidance to drive successful technology implementations and deliver strategies proven to attract and retain customers.
ABI Research 是一家全球性的技术情报公司,拥有得天独厚的优势,充当终端市场公司和技术解决方案提供商之间的桥梁,通过提供独家研究和专业性指导,推动成功的技术实施和提供经证明可吸引和留住客户的战略,无缝连接这两大主体。
For more information about ABI Research’s services, contact us at +1.516.624.2500 in the Americas, +44.203.326.0140 in Europe, +65.6592.0290 in Asia-Pacific, or visit www.abiresearch.com.
Americas: +1.516.624.2542
Europe: +44.(0).203.326.0142
Asia: +65 6950.5670