U.S. Smart Grid Market Projected to Double by 2014
By 2014, the U.S. smart grid market is expected to double from its 2009 value of $21.4 billion to $42.8 billion, according to research from Zpryme.
Smart metering hardware and software is the sector expected to see the highest compounded annual growth rate, at 16.9 percent.
Globally, smart grid growth is projected to be even greater. By 2014, the global market should be worth $171.4 billion, compared to $69.3 billion in 2009. See the chart below for more details.
The Association of Home Appliance Manufacturers (AHAM) has laid out guidelines for establishing a smart grid in a newly released white paper at the Copenhagen Climate Conference. The U.S.-based trade group said smart-grid-enabled home appliances, through a fully functional smart grid, will significantly reduce greenhouse gas (GHG) emissions, and provide better integration and coordination of renewable energy resources.
Energy Manager News
- Unlocking the Power of Building Data
- Avista Lauds ‘Fair’ Settlement in Idaho Rate Case
- BGE’s SEED Program Offers Energy Discounts to 19 Commercial Customers
- Retailer Offers 100% Solar Plan in Texas
- Dissecting the Data Revolution
- Energy Star Recognizes 16 GM Facilities
- CCI Group Awarded Contract for Anniston Army Depot
- Under Hawaiian Electric’s New TOU Pilot Plan, Time Is Money