Smart grid aims to develop the power grid by assembling of emerging and existing technology that reinforces the utility to decrease the distribution and transmission loss. This can be achieved with the help of communication networks, smart sensors, advanced metering infrastructure and software’s.
Smart grid will amend the dependability and efficiency in energy distribution and assist in optimizing utilization of resources. Smart grid will enhance the grid reliability by monitoring the frequency and the number of disturbances and duration of power outages, including reduction of the possibility of regional blackouts. It will equilibrate the electricity demand and supply.
Increasing government support, Reduction in distribution and transmission loss, increase in energy efficiency are the pilots of this market. Smart grid architecture used integrated communication network coupled with software is the major factor to drive Asia-pacific smart grid market.
The installation of the entire smart grid network required high cost is the restraints of smart grid market. Increasing investment and prepayment of electricity are the opportunities for the growth of the market.
The Asia-pacific smart grid market is expected to reach $34.93 billion in 2018 from $4.62 billion in 2012 at a CAGR of 41.3% from 2013 to 2018. Some of the players in this market include Comverge (U.S.), Cooper Power System, Inc. (U.S.), Echelon Corporation (U.S.) and Elster group (Germany).
Scope of the report
This report classifies the Asia-pacific smart grid technology market on the basis of communication network, various smart sensor, various kinds of software’s, smart meter and geographical analysis; forecasting revenue, and analyzing trends in the market.
On the basis of communication network
The communication Network is segmented on the basis of Z-wave, Wi-Fi, Zigbee and others.
On the basis of smart sensors
The Smart sensors segment consists of HAN sensors, dynamic line rating sensors, transformer monitoring sensors and voltage sensors.
On the basis of software
The software market is broadly segmented into Supervisory Control and Data Acquisition (SCADA), Demand Response Management Systems (DRM), Distribution Management Systems (DMS) and Meter Data Management Systems (MDMS).
On the basis of geography
The geographical segmentation of market is on the basis of major countries like Australia, China, Japan, Korea, India and others.
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Customization to get compressive industry standard and deep dive analysis of following parameters:
Smart grid matrix
- Description of smart grid matrix in build matrix and value matrix.
- Status of smart grid matrix countrywide and their comparison with respect to trend and penetration.
- New technologies for smart grid development.
- Future long –term roadmap for smart grid deployment.
Deployment and challenges
- Short-term challenges for smart grid projects.
- Status of smart grid deployment countrywide and the regulatory to continued deployment.
Shipment/ Volume Data
- Quantitative input of smart grid technology applications in each country tracked.
- Value of components shipped annually in each country tracked.
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