New Smart Grid Industry Reports by GBI Research

17 Feb 2012 • by Natalie Aster

Asia-Pacific Smart Grids Market to 2020 - Government Initiatives and Longer-Term Strategic Focus of Utilities Will Determine Future Uptake. China Smart Meters Market to Grow at a CAGR of 46.9% and Synchrophasors Market to Grow at a CAGR of 19.2% During Period 2010 to 2020.

China will emerge as the leading nation for smart meter and synchrophasor deployment in Asia Pacific region. The Chinese smart meter market cumulative number of units installed is expected to grow from 12 million units in 2010 to 561 million units in 2020 at a CAGR of 46.9%. The Chinese synchrophasors market cumulative units installed is expected to grow from 663 units in 2010 to 3,846 million units in 2020 at a CAGR of 19.2%.

Growth in the smart grid area varies significantly from one country to another in terms of the implementation of technology. This variance is mainly due to the variable needs and demands across the APAC countries. While Australia, China and the Republic of Korea are progressing in smart meter implementation with China leading the market, countries such as China, India and New Zealand have shown growth in synchrophasors implementation with China leading in this area also. Indonesia and Malaysia have shown significant growth in installation of RTUs.

Smart Grid Market in Europe to 2020 - Advanced Grid Concepts and Intelligent Technology Pivotal to Achieving EU 20-20-20 Targets. Cumulative number of smart meter units installed in Europe is expected to grow from 7.6 million units in 2010 to 105.99 million units in 2020 at a CAGR of 30.2%. The cumulative number of synchrophasor units installed in Europe is expected to grow from 20 units in 2010 to 208 units in 2020 at a CAGR of 26.4%. The cumulative number of in-home display units in Europe is expected to grow from 608,000 units in 2010 to 40,523,240 units in 2020 at a CAGR of 38.8%.

The cumulative number of smart meter units installed in Europe is expected to grow from 7.6 million units in 2010 to 105.99 million units in 2020 at a Compound Annual Growth Rate (CAGR) of 30.2%. The cumulative number of smart meter units installed in France is expected to grow from 0.3 million units in 2010 to 38.5 million units in 2020 at a CAGR of 62.5%. The cumulative number of smart meter units installed in Spain is expected to grow from 7.2 million units in 2010 to 27.54 million units in 2020 at a CAGR of 14.4%. The cumulative number of smart meter units installed in the UK is expected to grow from 0.1 million units in 2010 to 39.95 million units in 2020 at a CAGR of 82%.

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