LONDON, Aug. 16, 2016 /PRNewswire/ -- Smart Grids are electrical grids which use information and communications technology to gather and act on information, such as information about the behaviors of suppliers and consumers, in an automated fashion to improve the efficiency, reliability, economics, and sustainability of the production and distribution of electricity. For a century, utility companies have had to send workers out to gather much of the data needed to provide electricity.
The market for smart grids in Asia-Pacific is expected to grow substantially in the coming years. The region is the global leader in the installation of smart grids with a share of nearly 50%. China, India, Japan and Indonesia are poised to be the biggest smart grid users in the region.
Smart grid technology and infrastructure development has never been this relevant and necessary as in Asia-Pacific energy markets today. It is forecast to grow by almost 35% over the next five years, leading the world in Smart Grid applications and deployment. Dynamic pricing for electricity has long been the holy grail of the smart grid, particularly for smart metering.
Meanwhile, the market for smart grids in Europe is expected to increase significantly every year until 2020. Customers in Europe tend to take a proactive approach to new technologies. Despite awareness of smart grids being relatively low, deployment can be seen on a large scale.
Aruvian Research analyzes the Global Smart Grid Industry in its research report Analyzing the Global Smart Grid. The report begins with an overview of the smart grid, technologies used in the smart grid, constituents of the smart grid, the major developers of smart grid and the advantages of the smart grid.
The global smart grid industry is analyzed through an analysis of the market for smart meters, in-home displays (IHDs), remote terminal units (RTUs) and synchrophasors. Each sector is analyzed through industry statistics, the units installed worldwide, industry revenues and the major players in these markets. We also analyze the key technological developments by country. We also analyze the factors impacting the global smart grid market such as ageing infrastructure, the role of utilities, lack of smart grid awareness, funding for the smart grid and other factors.
An analysis of the smart grid market in Asia Pacific and the Americas is carried through the analysis of the market for smart meters in Asia Pacific and the Americas, the market for RTUs, market for synchrophasors and the regulatory framework. The smart grid in Europe, Latin America and Middle East is analyzed briefly.
In-depth analysis of the smart grid is carried out on the markets of Australia, Brazil, Canada, China, India, Indonesia, Malaysia, Mexico, New Zealand, South Korea and the United States. The markets are analyzed through industry statistics, development in terms of installation of smart meters, synchrophasors, RTUs and IHDs, and other factors.
Major players in the global smart grid industry such as ABB Ltd, Cisco Systems, eMeter, Eaton Corporation, IBM, Itron Inc, Landis+Gyr AG and others are analyzed in this report.
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