December 28, 2009
Smart Grid Market to Peak at $35B in 2013
Revenue from smart grid applications is expected to reach a short-term peak of about $35 billion in 2013, according to a new report from Pike Research.
At about $10 billion in 2009, the smart grid market should be worth about $18 billion in 2010 and rise steadily until 2013, according to the report “Smart Grid Technologies.”
Pike Research puts cumulative global spending on the smart grid from 2008 to 2015 at $200 billion.
Pike Research’s predictions are more conservative than those from Zpryme, which suggests that the U.S. market alone will be worth more than $42 billion by 2014.
The Association of Home Appliance Manufacturers (AHAM) laid out guidelines for establishing a smart grid in a white paper delivered 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.
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Reader Comments
How can I use these charts in our courses?
Kerry Mitchell | December 29th, 2009
The United States has plans to install millions of smart meters with deployments to be complete between 2012 and 2015. Smart Grid technology helps to measure the amount of energy being used and also helps save energy during peak hours. Transformer company, Pacific Crest Transformers is working in this direction too. Go to http://www.pacificcresttrans.com/home.html for information on the ‘smart system’.
Roger Roster | December 29th, 2009