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Smart Grid Technologies, Markets, Components and Trends Worldwide


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  • 1. Get more info on this report!Smart Grid Technologies, Markets, Components and TrendsWorldwideJune 1, 2009This research report on Smart Grid Energy Technologies presents an in-depth analysisof the development, applications, products, manufacturers, and trends in thedeployment of the Smart Grid in the United States and around the world. The electricgrid is over a hundred years old, has changed little in the way it operates since itsinception, and will not be able to support future electric demand without substantial newand costly infrastructure. However, technologies exist that can improve efficiencies andmoderate electric usage which will largely offset much of the need for new power plants,transmission lines, and other electric grid components. An “intelligent” or “smart” gridwill provide improved service reliability and more stable electric rates at a lower costthan simply building all the infrastructure that would be required to meet future demandfor electricity using the current electric utility business model. The report provides acomprehensive analysis of the current market for smart grid enabling technologies andprojects future market size through 2014. Marketing concerns including energy demand,environmental impacts, economic conditions, consumer acceptance, stakeholderconcerns, and government activities are discussed in relation to their impact on marketgrowth for the Smart Grid and its enabling technologies. The report also profiles majormanufacturers and marketers of smart grid technologies and the strategies they haveadopted to maximize growth and profitability.A lack of standards has slowed, but not stopped, development of new technologies thatwould be essential for building the Smart Grid. Regulatory considerations, electric rateincreases, government activities, and consumer acceptance are also significant factorsin developing the Smart Grid and are addressed in the report. The manner in whichthese and other factors inhibit or advance deployment of the Smart Grid are describedin detail.Scope and MethodologyThis report includes both primary and secondary research. Secondary research datahave been obtained from government sources, trade association publications, businessjournals, and company literature. Statistical data are included for industry revenue, bothglobally and for the United States. The market size for Smart Grid technologies is
  • 2. projected from 2009 to 2014. Demand in each of the following technology applications isanalyzed in terms of overall revenue for deploying the Smart Grid: Two-Way Communications Smart Meters Smart Sensors Information Technology Renewable Energy and Storage SystemsPotential Smart Grid applications, buying trends, environmental issues, and energyconsiderations are also reviewed and analyzed. Market size estimates and forecastsare based on government and secondary sources, and the impact of factors such asgovernment grants and incentive, environmental concerns, fuel and energy prices,economic considerations, and housing and building trends.How You Will Benefit From This ReportIf your company is involved with electric service, energy efficiency, two-waycommunications, information technology, home automation, or smart appliances - or ifyou are starting “green” energy initiatives, constructing “green” buildings, or simply wantto determine the myriad opportunities that exist with deployment of the Smart Grid - youwill find this report invaluable, as it provides a comprehensive package of informationand insight about smart grid enabling technologies that are not offered in any othersingle source. You will gain a thorough understanding of the current Smart Gridapplications and markets, as well as projected market sizes and trends through 2014.This report will help: Marketing Managers identify market opportunities and develop targeted promotion plans for smart grid products and services. Research and Development Professionals stay on top of competitor initiatives, product applications, and demand for smart grid enabling technologies. Advertising Agencies working with clients in the energy efficiency, energy service, information technology, communications, and consumer appliance and electronics markets develop compelling messages and images to promote sales of smart grid products and services. Business Development Executives understand the dynamics of deployment of the Smart Grid, identify potential partnerships, and detect new product applications. Information and Research Center Librarians provide market researchers, brand and product managers, and other colleagues with the vital information they need to do their jobs more effectively.
  • 3. Additional InformationMarket Insights: A Selection From The ReportThe Smart Grid DefinedPerhaps surprisingly, there is no accepted definition of a smart grid. After more than tenyears of discussion and collaboration, utilities, government, and regulatory agencieshave yet develop an overarching definition of a smart grid. However, there iswidespread agreement that a smart grid requires reliable and instantaneous two-waycommunications between utilities, operators, consumers, and grid components. Utilitieswould need substantially improved computing power and software to visualize andcontrol grid operations in real time. Security would be paramount since utilities wouldbe interconnected to one another as never before. Cooperation among all gridstakeholders, including consumers, would be essential. The Smart Grid would also be“self healing” in that it would automatically reroute electricity and reform itself to preventfurther damage and catastrophic failure.From a high level perspective, the Smart Grid is a powerful command and controlsystem that is composed of the following components: Smart sensors and devices outside a home or business Smart sensors and devices inside a home or business Two-way communications between utilities, grid operators, consumers, and grid components High speed computing, software, and display devices to monitor current and anticipated future grid conditions and control and protect the gridSmart Grid TechnologiesAny technology that assists the intelligent control of electricity over the grid can beconsidered a smart grid enabling technology. Under this definition, any communicationtechnology that allows data to be transmitted to and from utilities, grid operators,consumers, and smart devices on the grid and in the home is an enabling technologyfor the Smart Grid. A communication technology that transmits data in only onedirection does not enable the capabilities inherent in the Smart Grid and is not a smartgrid enabling technology. In a similar fashion, back-office software that can account forreal-time electric usage and bill customers accordingly is a technology that enables theSmart Grid. Billing and accounting software that cannot account for real-time pricing donot enable the Smart Grid.In the News
  • 4. Smart Grid Technologies Market to Reach $17 Billion by 2014, New SBI Report FindsNew York, May 26, 2009 - An aging electric infrastructure, increasing demand forelectricity, and increased reliance on foreign fuel sources have exposed the need for amore effective electric energy system, both nationally and abroad. The revelation willpropel the U.S. market for smart grid technologies to a projected total of almost $17billion by 2014, according to Smart Grid Technologies, Markets, Components andTrends Worldwide, the latest report from leading industrial market research publisherSBI.“Continuing demand for electric power is placing such enormous strain on the currentelectric grid that nuclear energy is resurgent globally and the ongoing use of coal andother fossil fuels will extend for at least the next thirty years despite climate change andthe clamor for clean energy,” says Shelley Carr, associate publisher of SBI. “Smart Gridtechnology would supply electricity more efficiently with higher reliability while alsopermitting and encouraging consumers to use electricity more wisely.”The market for smart grid enabling technologies in the U.S. is currently estimated to bemore than $6 billion. SBI’s forecast includes the market growing at a compound annualgrowth rate (CAGR) of almost 21% through 2014.Future growth of the smart grid market will be partly driven by the utilization of thetechnology to provide better sensing and control systems that maximize the use ofelectricity from renewable energy sources, which produce power that is highly variableand subject to intermittent operation. Wind, solar, and other forms of renewable powerare expected to be widely distributed across the U.S. However, the country’s currentelectric grid is not equipped to realistically maximize the potential of such energysources.Smart Grid Technologies, Markets, Components and Trends Worldwide providesan in-depth analysis of the development, applications, products, manufacturers, andtrends in the deployment of the smart grid in the United States and around the world.Included are projections for future market size through 2014, a comprehensive analysisof the current market for smart grid enabling technologies, and profiles of majormanufacturers and marketers of smart grid technologies and the strategies they haveadopted to maximize growth and profitability. Marketing concerns including energydemand, environmental impacts, economic conditions, consumer acceptance,stakeholder concerns, and government activities are discussed in relation to theirimpact on market growth for the Smart Grid and its enabling technologies.About SBISBI (Specialists in Business Information) publishes research reports in the industrial,energy, building/construction, automotive/transportation and packaging markets. SBIalso offers a full range of custom research services.
  • 5. TABLE OF CONTENTSChapter 1: Executive Summary Scope The Need for a Smart Grid Figure 1-1: Electricity Production Estimates, 2005-2030 (trillion Kilowatt hours) Distributed Power Sources Aging Infrastructure Electric Rate Containment Figure 1-2: U.S. Residential Electric Rates, 2008 (cents per KwH) Energy Abatement The Smart Grid Defined Smart Grid Technologies Smart Grid Costs Figure 1-3: Global and U.S. Market Size for Smart Grid Enabling Technologies, 2008-2014 ($ Billions) Smart Grid Drivers Figure 1-4: Sources of U.S. and World Electric Production, 2006 (percent) Smart Grid Inhibitors Electric Utilities Figure 1-5: Types of Electric Utilities, United States Percent by Number, Capacity, and Customers Served SummaryChapter 2: Energy Demand and the Electric Grid Scope The Smart Grid - An Introduction Smart Grid Definition Grid Visualization and Control Distributed Electric Generation Smart Grid Savings and Costs Electricity Demand Table 2-1: Organization for Economic Co-operation and Development (OECD) Countries Figure 2-1: Electricity Production Estimates, 2005-2030 (trillion Kilowatt hours) Figure 2-2: U. S. Electricity Growth Rates, 1950-2030 (percent) The Electric System Figure 2-3: The Electric Grid Power Generation Table 2-2: Electric Fuel Sources for Steam Turbines and Efficiency (percent) Table 2-3: Electric Fuel Sources for Non-Steam Electric Generation (percent) Figure 2-4: Sources of U.S. and World Electric Production, 2006 (percent) Power Transmission Power Distribution High Voltage DC (HVDC) Transmission
  • 6. Peaking Power Plants Interconnected Power Grids North America Interconnected Power Systems Figure 2-5: North American Interconnected Systems Other Global Interconnected Power Systems Electric Utilities Figure 2-6: Types of Electric Utilities, United States Number, Capacity, and Customers Served (percent) Electric Deregulation Retail Electricity Competition Table 2-4: Status of Energy Deregulation Efforts, July 2006 Federal Energy Regulatory Commission (FERC) Electric Transmission Infrastructure Table 2-5: North America ISOs and RTOs SummaryChapter 3: The Smart Grid and Market Growth Scope The Need for a Smart Grid Table 3-1: Standby Power Draw of Electronic Products (Watts) Table 3-2: Power Plant Costs (estimated), 2008 (in million $) Table 3-3: Residential Electric Lighting Power Usage, in the United States, Lighting Equivalents Table 3-4: Electric Lighting Power Requirements, All Sources, United States The Smart Grid Smart Grid Market Size Figure 3-1: Smart Grid Market Size, 2009-2014 (in billion $) Smart Grid Technologies Market Size Integrated Communications Figure 3-2: Smart Grid Integrated Communications Market Size, 2009-2014 (in billion $) Figure 3-3: Broadband Over Powerline Market Size, 2009-2014 (in billion $) Figure 3-4: Zigbee Market Size, 2009-2014 (in billion $) Figure 3-5: WiMax Market Size for the Smart Grid, 2009-2014 (in billion $) Sensing and Measuring - Smart Meters Figure 3-6: Smart Metering Hardware and Software Market Size, 2009-2014 (in billion $) Sensing and Measuring - Smart Sensors Figure 3-7: Smart Sensors and Devices Market Size, 2009-2014 (in billion $) Information Technology Hardware and Software Figure 3-8: IT Hardware and Software Market Size, 2009-2014 (in billion $) Grid Visualization - Command and Control of the Smart Grid Demand Response Benefits of the Smart Grid Societal Benefits Operational Efficiencies Job Creation
  • 7. Smart Grid Killer Apps Transitioning to the Smart Grid Regulatory Considerations Utility Disincentives Network Security Threats Energy Security SummaryChapter 4: Smart Grid Technologies & Operations Scope Smart Grid Demonstration Projects GridWise™ Demonstration Project Boulder, Colorado Smart Grid Austin, Texas Smart Grid Republic of Ghana Smart Grid Stuttgart, Germany Smart Grid Home Area Networks Smart Grid Technologies Communications Technologies Table 4-1: Selected Smart Grid Communication Technologies Information Technology Smart Appliances Smart Appliance Tests SummaryChapter 5: Smart Grid Facilitators and Inhibitors Scope Government Activities Stimulus Funding Standards Development Environmental Concerns Renewable Energy Mandates Taxes and Incentives Table 5-1: Energy Efficient Tax Credits for Homeowners, 2009 Utility Type Investor Owned Utilities (IOUs) Public Power Utilities Electric Cooperatives (Co-ops) Electric Rates Table 5-2: Top Ten “Smartest” States and Associated Electric Rates, 2008 Venture Capitalists Cyber Security Consumer Acceptance Privacy Issues Ease of Use Concerns Equipment Costs Electric Rates
  • 8. Home Electric Power Generation SummaryAppendix: Selected Corporate AddressesAvailable immediately for Online Download at 800.298.5699UK + +1.240.747.3093Fax: 240.747.3004