Global Smart Grid Report

Global Smart Grid Report
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Summary

This new report looks at the global Smart Grid Report market place now and the predictions for future growth development and change. In recent years the smart grid has gained a lot of column inches as the panacea for problems with the current electric grid system. A grid system designed for the one-way flow of information and electricity from power plants to consumers. Where consumers are billed for electricity usage based on estimates of consumption regardless of the actual usage and according to time of day. This grid is not designed for the integration of large scale intermittent renewable capacity, or for small-scale distributed renewable capacity such as rooftop solar panels and small scale wind turbines. There is a demand for a new grid system to meet the demands of the 21st century. Smart grid deployment has focused on the use of smart meters and associated communications network in most countries with the notable exception of China. Demand for smart water meters is expected to be high in countries and regions experiencing water stress such as parts of the Middle East, California etc.

Scope

A major under looked barrier to smart grid deployment is smart grid security. Studies on the smart meters deployed have found that few have encryption software and can easily be corrupted. Creating a large market for companies involved in the cybersecurity business, notably companies involved in security for the defence sector such as Lockheed Martin and Boeing.

Despite this and other barriers to deployment the installation of smart grids is likely. Not only for the reasons above, but also for the rapid identification of faults in the grid system and rapid repair through the two-way flow of information. Currently power cuts in the grid system take time to repair and are extremely costly for businesses. Therefore, the large costs of implementation of such a system would be outweighed by the long-term cost savings.

Reasons to Buy

  • Make informed business decisions through a clear global understanding of this market
  • Design business strategies by understanding the trends, developments and predictions

Date Published

September, 2011

Format / Pages

PDF / 208