[smart grid research] global next generation smart grid technology, zpryme april 2011

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Special Market Snapshot by Zpryme Smart Grid Insights April 2011 Global next generation Smart Grid Technology www.zpryme.com | www.smartgridresearch.org

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Driven by pro-active home energy consumers, emerging market manufacturing and engineering advances, cloud based applications, renewable energy integration and the electrified transportation system, the global market for Next Generation Smart Grid Technology is poised to grow from $4.9 billion in 2011 to $43.3 billion in 2020.

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Page 1: [Smart Grid Research] Global Next Generation Smart Grid Technology, Zpryme April 2011

Special Market Snapshot by Zpryme Smart Grid Insights

April 2011

Global next generation Smart Grid Technology

www.zpryme.com | www.smartgridresearch.org

Page 2: [Smart Grid Research] Global Next Generation Smart Grid Technology, Zpryme April 2011

Driven by pro-active home energy consumers, emerging market manufacturing and engineering advances, cloud based applications, renewable energy integration and the electrified transportation system, the global market for Next Generation Smart Grid Technology is poised to grow from $4.9 billion in 2011 to $43.3 billion in 2020. Next generation Smart Grid technologies are those that will be deployed after the first layer of Smart Grid technology are deployed (such as AMI, smart meters, communication systems and access networks). Market growth will be slow over the next 5 years, but is expected to accelerate rapidly starting in 2016. Additionally, the market will be led by developed countries such as the U.S., China, South Korea, Japan, Canada, U.K., France, Spain, Denmark, Germany, Australia and New Zealand. These countries are relatively further along with their national Smart Grid deployments compared to their peers in the developing world. Opportunities in the market will be the largest for firms who invest in forward looking R&D activities and innovation intended to leverage the first layer of Smart Grid technology currently being deployed by utilities across the globe. 1

1 Smart Grid Next Generation Technology Definition: This includes advanced systems, programs, software, energy storage, new mobile devices for utilities, and commercial and consumer facing devices and applications for use in energy management, market operations and micro generation.

$3.4 $4.9

$6.4 $8.5

$10.0 $12.0

$17.2

$22.4

$28.9

$35.9

$43.3

$0

$10

$20

$30

$40

$50

2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020

Global Next Generation Smart Grid Technology Market Value, 2010 – 2020 (Beyond AMI, Advanced T&D, Networks & Communications)

in U.S. billions | CAGR: 29.1% (2010 – 2020)

www.zpryme.com | www.smartgridresearch.org Global Next Generation Smart Grid Technology | April 2011

Source: Zpryme

Global next generation Smart Grid Technology

Page 3: [Smart Grid Research] Global Next Generation Smart Grid Technology, Zpryme April 2011

www.zpryme.com | www.smartgridresearch.org