Recent Worldwide Growth in Smart Grid
In the last week, several initiatives around the world show that the momentum behind the smart grid is real. Only last week, the project includes energy efficiency, wireless sensor technology, power system automation, and load control to appear.
Here is a look at recent events:
Brazil:
IntelliSAW, a provider of wireless sensor systems for smart grid applications, established an exclusive distribution agreement with the Brazilian electricity industry system and Adperc providers. This agreement will provide Adperc services needed to grow and move into the smart grid market.
United States:
Siemens Instrumentation, Control and Power Group North America was first awarded three projects in the United States. This will give the group an opportunity to display the distributed control systems and engine monitoring systems and protection devices. Power Generation Company of Trinidad and Tobago also selected the distributed control system to improve reliability and availability of their turbine unit through the integration of the two platforms.
Market penetration of smart meters is widely regarded as a key enabler of the smart grid. IDC Energy Insights today announced the availability of new data products – Worldwide Quarterly Tracker Smart meters – forecasting worldwide growth of 13.0% in unit shipments and total 2010-2015 smart meter smart meters shipped 460.9 million over the forecast period.
“Bubbles opportunity for smart meters and communications vendors to capitalize on the expected growth of this market is right now,” said Ryan Reith, program manager, IDC Energy Insights Tracker products. “Recent data from our research program Tracker Smart meter clearly shows that both the government and vendors, including IT powerhouses like HP and IBM, will encourage the deployment of smart meters and smart grid initiatives around the world We look forward to. Space is rapidly moving solid 5-7 vendors today to the competition from local manufacturers to compete for high-profile contracts in emerging markets. ”
Over the past year, strong market growth driven by government stimulus funds, which helped accelerate the pace at which projects are deployed, especially in the United States. While the speed of market adoption in the United States and EMEA has driven recent growth, looking forward, IDC Energy Insights estimates that adoption in Europe and Asia / Pacific, especially China, will act as the main catalyst for growth in the market for 5-10 years.
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