The global smart grid market will be valued at nearly $34 billion this year, and is expected to experience strong expansion during the next decade. During Q1 2012, however, investment was lackluster, based on two research reports released this week.
London-based Visiongain (News - Alert), a business intelligence company, predicts that large-scale deployment of smart grid projects, will gain momentum as soon as two crucial issues are addressed – agreement on global interoperability standards and consistent integration of renewable energy into the grid.
The growth in smart grid expenditures during the next ten years will be fueled by large public and private investments in Asia-Pacific, Latin America and North America. The European Union, already a more developed smart grid market, will see slower growth – stalled even further by the region’s recent economic downturn.
The smart grid market within the Middle East and Africa is just emerging, but it holds huge potential for expansion. Overall spending on smart grid infrastructure in these regions is tightly linked to governmental support in the form of public funding and favorable regulations. Compound annual growth in ME/A, year-over-year, is expected at about 12 percent through 2022... Read More
Tidak ada komentar:
Posting Komentar