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TechNavio analysts forecast the global flywheel energy storage market will grow at a CAGR of 12 percent over the period 2010–2014. One of the key factors contributing to this market growth is the participation of governments in boosting the market. The market has also been witnessing increasing investments in R&D. However, the high cost of flywheel energy storage systems could pose a challenge to the growth of this market.
GlobalData has released its monthly smart grid newsletter for December 2011 from the Smart Grid eTrack, and it is available from Research and Markets. The December newsletter provides insights about cyber security in smart grids in the section "Technology Focus of the Month", along with the review of Trilliant Incorporated in the "Smart Grid Company Focus of the Month" and more.
Today’s electric power grid is primarily composed of central generating stations and electromechanical power delivery systems operated from control centers. However, the system is transforming itself into a smart grid that integrates a multitude of distributed energy resources, uses solid state electronics to manage and deliver power and employs automated control systems, notes this report from Research and Markets. It addresses several smart grid benefits, including those for transmission, distribution and local load servicing, power flow optimization and waste reduction.
Brazil's smart grid market is in its infancy, notes this report from Research and Markets. Power utilities are running pilot projects, several technologies are being tested by different manufactures and policies and regulations are being defined, which translates into a potentially large market. The report addresses the crucial elements for making smart grid a growing and profitable market in the region, as well as legislation and government incentives.
Utility companies today rely on legacy systems that were designed to handle simple tariff schemes and batch processing of usage data based on quarterly or monthly billing cycles, and these systems were not expected to accommodate the large amounts of data produced by smart meters at much more frequent rates, according to this report from Research and Markets. Nor were they designed to handle new challenges such as consumer energy microgeneration. To accommodate these smart grid service innovations, utilities will need new systems functionality to process high volumes of smart meter data in near real time, handle a wide variety of usage-, time- and event-based tariffs, and enable flexible new service creation, discounting and promotions.
This book offered by Research and Markets addresses the modeling and control of smart grid renewable energy system into electric power systems by integrating three areas of electrical engineering: power system engineering, control systems engineering and power electronics. Due to the complexity of this task, the author presents the basic concepts, then provides a simulation test bed in MATLAB to use these concepts to solve a basic problem in development of smart grid energy systems.
This report offered by Research and Markets addresses smart grid technologies and investments, and analyzes the impact the smart grid will have on the power industry. It examines the technologies needed for smart grid development and profiles 68 technology providers. The report outlines 52 smart grid demonstration projects, including 32 DOE smart grid and storage projects, and profiles 54 utilities deploying the smart grid as well as industry organizations involved in smart grid development.
This report offered through Research and Markets presents a comprehensive look at the renewable technology and equipment market in the U.S., and specifically assesses smart grid technologies that enhance or amplify the integration of renewable energy sources into the electric grid. Zpryme and ICP employed a two-stage research approach to accomplish this objective.
The second edition of Securing the Smart Grid is a 30-page report which provides an overview of electrical system security vulnerabilities the smart grid might introduce or aggravate, as well as the steps that are being taken or should be taken by the industry to effectively deal with them. According to the report, available from Research and Markets, the implementation of the smart grid must be performed with a focus on protecting data and systems from external interference to improve the security of the electrical system.
This book offered by Research and Markets describes the smart grid fundamentals, including a new concept of electric power distribution networks that allows for distributed generation sources such as renewable energy. The first of its two sections analyzes the integration of smart grids, and the second is devoted to their use in linking consumers to the grid. It also touches on regulatory issues and new business models.
According to this report from Research and Markets, TechNavio’s analysts forecast the global smart grid home area network market to grow at a CAGR of 18.2% between 2010 and 2014. Developed with input from industry markets, the report also notes that a key factor contributing to this market growth is the increasing installation of smart meters, and that a lack of industry standards could pose a challenge to the market. The report focuses on the Americas, EMEA and Asia Pacific regions and includes key vendors in the market.
GlobalData's report “US Smart Grid Stimulus - Unrealized Benefit to the Economy," provided by Research and Markets, analyzes how the US smart grid stimulus may not generate long-term benefits such as continued economic growth. The American Recovery and Reinvestment Act (ARRA) funds have been used to support a variety of smart grid projects. The funding for smart grid technologies will be beneficial in the short term, but smart grid development over the long term will face difficulties in terms of investment and fundraising.
This Global Data report available from Research and Markets provides an analysis of the global market for outage management systems with insights on key countries such as the US, Canada, the UK, Ireland, Italy, Spain, Australia and India. Outage management systems (OMS) help utilities by handling trouble calls, detecting power failure, estimating restoration time, crew management and providing status reports to customers. The global market for OMS is expected to grow at a moderate rate of 3.8% during the period 2011-2020 – and the sluggish growth can be attributed to the decreasing demand for stand-alone OMS in favor of OMS integrated with enterprise systems.
In the past few years, M2M (machine-to-machine) applications have become a hot topic in the wireless industry. While M2M apps can be used for many purposes (smart homes, smart metering/electricity meter reading, fleet management, mobile workforce and more), those smart metering applications (smart grids) present the biggest growth potential in the M2M market today, according to this report from Research and Markets. With many leading wireless service providers and utility companies looking to profit from this opportunity and the growing support from US federal and state governments, M2M applications in smart grids have tremendous potential.
The objective of this study offered by Research and Markets is to analyze the evolving dynamics, trends and challenges of key technologies in the transmission and distribution space that could influence the shape development of the European smart grid. This research specifically focuses on power and distribution transformers. Detailed analysis is provided on the following countries: Germany, France, United Kingdom, Italy, Benelux, Spain, Scandinavia, Austria, Greece, Ireland, Portugal and Switzerland.
This report from Research and Markets provides an overview of smart grids in Europe, including analyses and information on deployments and regulatory policies. In addressing Europe's initiatives to upgrade its electricity networks to smart grids, the report addresses issues specific to smart metering policies and regulation and their effects, as well as smart metering technology costs and moves to reduce carbon emissions.
The second edition of Gaining Customer Acceptance of the Smart Grid, available from Research and Markets, is a 25-page report intended to explain customer concerns regarding how the smart grid will impact them, as well as provide an understanding of the origins of those concerns and what can be done to mitigate them. While the smart grid promises to enable customers to better control their electricity costs, it also has the potential to create a host of new concerns for them.
This report from Research and Markets on the Practel Smart Grid Project updates information on progress in the development of smart grid information and communications technology (ICT) with a special emphasis on home area networks. The report notes that ICT standards are coming but remain in the immature stage, which will hamper the deployment of smart grid technologies. IEEE and other major standards organizations are involved in the standardization process and, when further along, those standards will simplify new equipment selection and installation.
The power industry has traditionally been the market for technology majors such as ABB, Siemens and Areva T&D, according to this report from Research and Markets. The scope of service providers have been limited in the power transmission and distribution systems across the globe. However, the willingness to improve the service quality of the power delivery mechanism has led to incorporation of new features in the system.
This Frost & Sullivan research report titled Asia Pacific Advanced Metering Infrastructure (AMI) Market is an in-depth analysis of the market drivers and restraints, industry trends and competitive environment in addition to the challenges and issues faced by participants in that market. The study, offered by Research and Markets, provides an analysis of the size of the key AMI markets in Asia Pacific in terms of revenues and unit shipment.
This report provided by Research and Markets offers insight into Cisco's collaboration with major smart grid equipment suppliers and power companies, as well as the strategies and directions taken by Cisco in its smart grid business. Examples of Cisco's presence in the smart grid market are its EnergyWise 2.0 system and its Connected Grid series of routers and switches.
Demand response programs will play a major role in reducing peak electricity demand in the US by 2020 – and with those programs in place, peak demand could be reduced by about 100 gigawatts, or 10%, by 2020 with resulting savings of over $70 billion over 20 years through avoided energy production, energy distribution and energy generation costs. Without demand response programs, peak demand is estimated to grow at an annual rate of 1.7%, according to this report from Research and Markets. Smart grid-enabled demand response programs would benefit both individual and large energy consumers.
The availability of the network infrastructure of telecommunications companies will provide a ready infrastructure for power utilities to deploy demand management mechanisms, while the ability of telecom players to manage bulk data will make managing the large amount of data generated by smart meters easier, suggests this report from Research and Markets. A slowing of the global telecom products markets has forced major telecom vendors to seek out new avenues and applications to generate revenue, and competition in the global smart grid market is expected to heat up as those telecom players join in.
The market for information and communication technologies (ICT) in smart grids has been supported by the significant number of grants and funding provided by regional governments. And, according to this report from Research and Markets, opportunities spanning across the grid elements, from generation points to consumption centers, have been spotted by ICT companies and they are preparing to offer customized products for power utilities.
The Global Smart Grid Energy Storage Market 2009-2013 report by Technavio Insights forecasts the smart grid energy storage market to grow at a CAGR of 39.7%, with EMEA region witnessing the highest growth rate, according to this offering from Research and Markets. A major growth driver is that energy storage systems in smart grids are being implemented to improve transmission capacity, which is likely to lead to their widespread adoption. Lack of flexibility in nuclear and coal power generation is also driving the smart grid energy storage market, as is an increasing renewable energy presence.
For years we've been expecting smart meter hardware prices to decline sharply. A California company we told you about earlier this year is promising a smart meter for as little as $20. Do you think it will happen? Will we see dramatic price drops in smart meters this year - or anytime soon? That's our Tuesday Topic this week. We hope you'll join the discussion.
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