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GBI: Smart Grid Market Analysis and Forecasts to 2020 on reports-research.com

08-20-2010 03:36 PM CET | Energy & Environment

Press release from: dynamic technologies Gmbh, Köln, Germany

Global Smart Grid Market, Market Potentia Various Technologies during 2010-2020

Global Smart Grid Market, Market Potentia Various Technologies during 2010-2020

The report provides analysis of the Global Smart Grid Market and Forecasts for the four major geographical regions up to 2020. The research analyzes the state of smart grid deployments in the four major geographical regions and it future potential up to 2020. The research also provides the historical and forecast of revenues for four different smart grid technologies including smart meters, broadband over power line, HVDC and energy storage.

Government Support Through Legislation and Grants Aid Deployment of Smart Meters

The implementation of advanced metering requires the amendment of existing energy policy in many countries. Most of the governments have formulated new legislation that supports the deployment of smart grid initiatives. For example, in the US, the energy policy act of 2005 and energy independence and security act of 2007 provide guidelines to enhance the existing grid for reliability and energy security. In addition, the recent stimulus package announced through the American Recovery and Reinvestment Act (ARRA) provides grants up to 50% of the cost for smart grid projects.

Smart Meters, Broadband over Power Line (BPL), High Voltage Direct Current (HVDC) Transmission and Energy Storage will Offer the Highest Market Growth Potential During the Next Decade

Currently, smart meters, BPL, HVDC power transmission and energy storage are the major technologies in the smart grid segment that are gaining the attention of governments across the world. These technologies enable them to address important issues such as demand response and the efficient transmission of power. While energy storage is at the nascent stage of development, the research and development (R&D) in various alternate storage technologies indicate that the commercialization and the pace of adoption is expect to increase during the period 2010-2020.

The following figure illustrates the market growth potential of four major technologies in the smart grid segment, namely smart meters, BPL, HVDC and energy storage

Broadband Over Power Line might Emerge as an Ideal Solution for Rural Broadband

People who live in rural areas lack access to high speed internet as the cost for laying broadband infrastructure is very high for those areas. The existing technologies such as Digital Subscriber Line (DSL), cable broadband and wireless are not economically viable in rural areas because of the low population density. Broadband over Power Line (BPL) is emerging as an ideal alternate for providing broadband service to rural and remote areas wherever the grid connection is possible.

Though some remote regions have access to broadband through satellite connectivity, the cost of access has been very high to the consumers. In addition, the BPL infrastructure can also be utilized in advanced metering infrastructure (AMI) as communication backbone to obtain energy usage data from consumers Hence, BPL is likely to emerge as an ideal solution for broadband service in rural areas.

HVDC Cable Transmission Systems Considered as Optimal Solution for Offshore Wind and Energy Platforms

From a technical and economical perspective, High Voltage Alternating Current (HVAC) cable systems have limited transmission length and hence are not considered suitable for long distance undersea power transmission. Alternatively, High Voltage Direct Current (HVDC) cable transmission has proven to be an optimal solution for distances longer than 50km (kilometers). For this reason, HVDC is considered as an ideal solution for connecting offshore wind farms, island connections and energy platforms to the main grid through submarine cabling.

Ability to Enhance the Use of Renewable Sources Increases the Demand for Energy Storage

Electricity generation from renewable energy sources such as wind and solar depends on certain climatic conditions. Since the electricity usage peaks during the day, the renewable electricity generated during the off-peak period needs to be stored efficiently for use during peak demand. Additionally, the capacity factors for renewable energy sources must be raised to higher levels in order to make it more cost-effective. Efficient energy storage techniques can effectively increase the capacity factors of renewable sources. Thus, the demand for energy storage is likely to increase as it can enhance the use of renewable energy sources.

GBI: Smart Grid Market Analysis and Forecasts to 2020 - Major Government Investments Through Utility Companies to Drive the Global Market:
http://www.reports-research.com/studien/smart-grid-market-analysis-forecasts-2020-major-government-investments-through-utility-companies-drive-global-market-p-117071.html

GBI: More market data and market reports:
http://www.reports-research.com/studien/gbi-research-m-348.html

markt-studie.de, founded in 2002 has emerged as a leading online portal for market surveys and market research in German speaking areas. Four years later the English language portal reports-research.com was introduced due to the extraordinary success of the portal. Again one year later estudio-mercado.es - the Spanish spoken portal - was founded. The objective of the three portals is to competently and efficiently support consultants and decision makers in management, sales and marketing in the search for worldwide market research. Prospective buyers can look into more than 60,000 market surveys from more than 200 international publishers, current market data for more than 6,000 branches worldwide, 10,000 company profiles as well as a free-of-charge research and recommendation service for individual market research.

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