London, United Kingdom (PressExposure) July 28, 2011 -- The global deployment of smart grid technologies is expected to grow at a significant rate during the next few years until 2016. The deployments during the period 2005-2010 were restricted to North America and parts of Europe. This leaves a wide scope for the growth of smart grid technology deployment in Asia-Pacific, where utilities are struggling to reduce the inefficiencies in the power grid. North America and Europe are expected to lead the smart grid market in the coming years with a large number of active and planned projects for the deployment of various smart grid technologies. Integrated communication technologies and consumer interface technologies will drive the smart grid market globally.
The motivation for the deployment of smart grid technologies by utilities will vary according to regional dynamics. The deployment in North America will be driven by the US government's willingness to create a greater number of jobs and improve the power distribution system, while those in Europe will be driven by the urge to reduce pollution levels by 2020. The deployment of smart grid technologies in Asia-Pacific will be driven by the need to reduce power loss in the grid. This will result in the deployment of smart grid technologies in various regions that will enable countries to reduce their losses and improve their power services.
A significant number of countries have thermal power constituting the major percentage of their generation mix. This results in increased dependency on non-renewable energy sources and the emission of green house gases (GHG). This has driven countries across the globe to formulate energy polices promoting clean energy and reducing GHG emissions. The energy policies are acting as drivers for the deployment of smart grid technologies to improve the percentage of renewable energy in the generation mix and reduce carbon dioxide (CO2) emissions. The governments of various countries are also providing funds through various acts and programs for deploying smart grid technologies.
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The smart grid market will be mainly driven by the deployment of integrated communication technologies and consumer interface technologies during the period 2011-2016. The mandates of numerous nations across the globe to install smart meters as the first step towards realizing a smart grid are promoting the deployment of smart meters. The need to connect the smart meters to develop an advanced metering infrastructure (AMI) and increase consumer participation is encouraging the deployment of integrated communication technologies. The targets to reduce CO2 emissions are promoting the deployment of other consumer interface technologies such as electric vehicle and related infrastructure.
GlobalData, the industry analysis specialists, has released its latest research, "Smart Grid Readiness in Power Utilities- Technology Installation Trends and Outlook to 2016", that provides an insight into the status of deployment of various smart grid technologies by utilities across the globe. The report provides information related to the past deployment trend and outlook for four different categories of smart grid technologies; integrated communication technologies, sensing and measurement technologies, cabling technologies and consumer interface technologies. The report covers the smart grid technology deployment activities in key nations across the globe.
This report is built using data and information sourced from proprietary databases, primary and secondary research and in house analysis by Global Markets Direct's team of industry experts.
Smart grids are efficient power delivery systems that utilize digital communication and advanced power electronics to integrate renewable energy resources and reduce transmission and distribution loss
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