The need to reduce CO2 emissions within the existing electricity production and supply grid will drive the future growth of the Smart Grid business according to new analysis that forecasts total expenditure to 2030 and highlights investment and financial activity in the market.
In its new report, Memoori Research says that by 2018 the world pure Smart Grid business will need to be running at $155 billion - some 50 per cent larger than the current annual expenditure for all electrical transmission and distribution equipment. And this will require major restructuring of both the supply and demand side if a truly Smart Grid is to be realised.
Memoori says that its research estimates that $2 trillion will need to be invested globally by 2030. But sales of Smart Grid systems in 2010 stood at just $16 billion, clearly showing the business still has a long way to go. At 182 pages, and with over 23 charts and tables, 'The Smart Grid Business 2011 to 2016' report filters out important conclusions, supported with facts, as to what is shaping the future of the Smart Grid industry. See more at www.memoori.com/smart-grid-2012.
EVENTS & EDUCATION
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Online energy saving tool to 'Empower' employees
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MACHINERY & PRODUCTION PROCESSES
Valves and positioners offer efficient process operation
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Faster transformer testing uses a single connection
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BUILDINGS & FACILITIES
Modular connection box provides easy lighting control
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VEHICLES & TRANSPORT
UK forum to promote 'plug-in' vehicles
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College study shows biofuel potential of festive waste
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ENERGY PROCUREMENT & MANAGEMENT
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CRC guide aims to reduce impact of energy tax
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FUNDING & FINANCE
SEP and SSE combine to establish £95m green fund
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LEGISLATION, REGULATION & STANDARDS
Crown Estate opens up N.Ireland offshore potential
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