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Smart Grid Market Outlook: Market and Technological Trends, Competitive Analysis, Major Deals and In
Smart Grid Market Outlook: Market and Technological Trends, Competitive Analysis, Major Deals and In
The US and the European Union (EU) Emerged as the Top Smart Grid Markets in 2009
Hyderabad,
AP,
India
(prbd.net)
15/03/2010
"Smart Grid Market Outlook: Market and Technological Trends, Competitive Analysis, Major Deals and Investments"
The development of global smart grid market was led by the US and the European Union (EU) in 2009. The US emerged as the top smart grid destination in 2009. Investments from global power electronics majors such as Siemens AG, ABB Ltd. among others continued to flow into the US market. The developments were complemented by US start-up companies such as Silver Spring Networks that undertook significant number of activities. The EU emerged as another attractive market for smart grid technologies. The first implementation of smart meters took place in Europe in 2006. The European Union’s pledge to reduce carbon emissions by 20% by the year 2020 will aid in rapid implementation of smart grids in Europe.
The year 2009 witnessed the emergence of new smart grid markets across the globe.
Asia-Pacific countries such as the China, Australia, South Korea and Taiwan emerged as potential smart grid markets among others. The Chinese government’s plan for augmentation of the national power infrastructure entails installation of smart grid technologies worth billions of dollars. South Korea’s announcement for smart grid funding over the next few decades projected it as a promising market. Brazil, Russia, Mexico, Canada and India hold undertook significant activities to mark their entry in the global smart grid market.
Funding for smart grid projects and technologies increased in 2009. The venture capital firms provided seed capital to numerous promising smart-grid start ups such as Silver Spring Networks. The fund flow was sustained by governments of various nations for roll out of smart grid and to support further research and development activities in smart grid technologies. The momentum will sustain in 2010 to help smart grid vendors pitch for contracts from power utilities to roll out smart grids.
GlobalData’s new report “Smart Grid Market Outlook: Market and Technological Trends, Competitive Analysis, Major Deals and Investments” is a detailed account on the developments in global smart grid markets in 2009 and their implication on the market in 2010. The report covers developments related to various aspects of the smart grid and its related technologies such as advanced metering infrastructure, demand response and grid communication among others. The report provides trend analysis and outlook on smart grid markets, investments, revenues and competitive landscape analysis. The report explains global smart grid industry dynamics, identifies key global market in 2009 and the probable market scenario in 2010. The report assesses the new product launch trends in global smart grid markets by segmenting it into key technologies such as Advanced Metering Infrastructure (AMI), Distribution Management and Grid Information Technology (IT). It elaborates on the investment trends in global smart grid technologies covering key financing activities such as mergers, acquisitions, partnerships, private equity and venture capital among others. A section of the report is dedicated to analysis of competitive scenario among global vendors of smart grid technologies.
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