Smart Grid Technologies, Markets, Components and Trends Worldwide

Jun 1, 2009
143 Pages - Pub ID: SB1926639
Abstract Table of Contents Search Inside Report Related Reports

This research report on Smart Grid Energy Technologies presents an in-depth analysis of the development, applications, products, manufacturers, and trends in the deployment of the Smart Grid in the United States and around the world. The electric grid is over a hundred years old, has changed little in the way it operates since its inception, and will not be able to support future electric demand without substantial new and costly infrastructure. However, technologies exist that can improve efficiencies and moderate 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” grid will provide improved service reliability and more stable electric rates at a lower cost than simply building all the infrastructure that would be required to meet future demand for electricity using the current electric utility business model. The report provides a comprehensive analysis of the current market for smart grid enabling technologies and projects future market size through 2014. Marketing concerns including energy demand, environmental impacts, economic conditions, consumer acceptance, stakeholder concerns, and government activities are discussed in relation to their impact on market growth for the Smart Grid and its enabling technologies. The report also profiles major manufacturers and marketers of smart grid technologies and the strategies they have adopted to maximize growth and profitability.

A lack of standards has slowed, but not stopped, development of new technologies that would be essential for building the Smart Grid. Regulatory considerations, electric rate increases, government activities, and consumer acceptance are also significant factors in developing the Smart Grid and are addressed in the report. The manner in which these and other factors inhibit or advance deployment of the Smart Grid are described in detail.

Scope and Methodology

This report includes both primary and secondary research. Secondary research data have been obtained from government sources, trade association publications, business journals, and company literature. Statistical data are included for industry revenue, both globally and for the United States. The market size for Smart Grid technologies is projected from 2009 to 2014. Demand in each of the following technology applications is analyzed in terms of overall revenue for deploying the Smart Grid:

  • Two-Way Communications
  • Smart Meters
  • Smart Sensors
  • Information Technology
  • Renewable Energy and Storage Systems

Potential Smart Grid applications, buying trends, environmental issues, and energy considerations are also reviewed and analyzed. Market size estimates and forecasts are based on government and secondary sources, and the impact of factors such as government grants and incentive, environmental concerns, fuel and energy prices, economic considerations, and housing and building trends.

How You Will Benefit From This Report

If your company is involved with electric service, energy efficiency, two-way communications, information technology, home automation, or smart appliances - or if you are starting “green” energy initiatives, constructing “green” buildings, or simply want to determine the myriad opportunities that exist with deployment of the Smart Grid - you will find this report invaluable, as it provides a comprehensive package of information and insight about smart grid enabling technologies that are not offered in any other single source. You will gain a thorough understanding of the current Smart Grid applications 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.


Additional Information

Market Insights: A Selection From The Report


The Smart Grid Defined

Perhaps surprisingly, there is no accepted definition of a smart grid.  After more than ten years of discussion and collaboration, utilities, government, and regulatory agencies have yet develop an overarching definition of a smart grid.  However, there is widespread agreement that a smart grid requires reliable and instantaneous two-way communications between utilities, operators, consumers, and grid components.  Utilities would need substantially improved computing power and software to visualize and control grid operations in real time.  Security would be paramount since utilities would be interconnected to one another as never before.  Cooperation among all grid stakeholders, including consumers, would be essential.  The Smart Grid would also be “self healing” in that it would automatically reroute electricity and reform itself to prevent further damage and catastrophic failure.

From a high level perspective, the Smart Grid is a powerful command and control system 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 grid

Smart Grid Technologies

Any technology that assists the intelligent control of electricity over the grid can be considered a smart grid enabling technology.  Under this definition, any communication technology 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 technology for the Smart Grid.  A communication technology that transmits data in only one direction does not enable the capabilities inherent in the Smart Grid and is not a smart grid enabling technology.  In a similar fashion, back-office software that can account for real-time electric usage and bill customers accordingly is a technology that enables the Smart Grid.  Billing and accounting software that cannot account for real-time pricing do not enable the Smart Grid.

In the News


Smart Grid Technologies Market to Reach $17 Billion by 2014, New SBI Report Finds

New York, May 26, 2009 - An aging electric infrastructure, increasing demand for electricity, and increased reliance on foreign fuel sources have exposed the need for a more effective electric energy system, both nationally and abroad. The revelation will propel the U.S. market for smart grid technologies to a projected total of almost $17 billion by 2014, according to Smart Grid Technologies, Markets, Components and Trends Worldwide, the latest report from leading industrial market research publisher SBI.

“Continuing demand for electric power is placing such enormous strain on the current electric grid that nuclear energy is resurgent globally and the ongoing use of coal and other fossil fuels will extend for at least the next thirty years despite climate change and the clamor for clean energy,” says Shelley Carr, associate publisher of SBI. “Smart Grid technology would supply electricity more efficiently with higher reliability while also permitting and encouraging consumers to use electricity more wisely.”

The market for smart grid enabling technologies in the U.S. is currently estimated to be more than $6 billion. SBI’s forecast includes the market growing at a compound annual growth rate (CAGR) of almost 21% through 2014.

Future growth of the smart grid market will be partly driven by the utilization of the technology to provide better sensing and control systems that maximize the use of electricity from renewable energy sources, which produce power that is highly variable and subject to intermittent operation. Wind, solar, and other forms of renewable power are expected to be widely distributed across the U.S. However, the country’s current electric grid is not equipped to realistically maximize the potential of such energy sources.

Smart Grid Technologies, Markets, Components and Trends Worldwide provides an in-depth analysis of the development, applications, products, manufacturers, and trends 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 analysis of the current market for smart grid enabling technologies, and profiles of major manufacturers and marketers of smart grid technologies and the strategies they have adopted to maximize growth and profitability. Marketing concerns including energy demand, environmental impacts, economic conditions, consumer acceptance, stakeholder concerns, and government activities are discussed in relation to their impact on market growth for the Smart Grid and its enabling technologies.

About SBI

SBI (Specialists in Business Information) publishes research reports in the industrial, energy, building/construction, automotive/transportation and packaging markets.  SBI also offers a full range of custom research services. 

Additional Materials


Free white paper download: Smart Grid Technologies, Markets, Components and Trends Worldwide

Smart Grid Technologies, Markets, Components and Trends Worldwide. It is estimated only about 15 percent of U.S. power needs can be supplied by renewable energy sources unless the electricity produced from these sources can be stored for later use. It has also been estimated that more than $340 billion will need to be invested in power…

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