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.
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.