Asia-Pacific Smart Grids Market to 2020 – Government Initiatives and Longer-Term Strategic

Jan. 25, 2012 - PRLog -- The 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.

The use of smart grid technology across the APAC countries has emerged as a possible answer to the transmission and distribution losses in the existing grids. Power loss is increasing with the increase in demand for electricity, especially in developing countries. In developing nations the main concern driving deployment of smart grids is the reduction of transmission and distribution losses in the current grid, whereas in developed nations the main focus is the reduction of carbon emissions.

The main reason behind the energy losses in the process of supplying electricity to consumers is due to the technical loss (grid’s inefficiency) and commercial loss (theft) in the system. Therefore, the main focus of the Government while introducing an investment plan in the power grid depends upon choosing a system that could provide higher efficiency and avoid power theft. The ability of smart grid technologies to address these concerns attracts the attention of the authorities.

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GBI Research, a leading business intelligence provider, has released its latest research, “Asia- Pacific Smart Grids Market to 2020 - Government Initiatives and Longer-Term Strategic Focus of Utilities Will Determine Future Uptake”. The report gives an in-depth analysis of the Asia Pacific (APAC) smart grid market, covering three major technologies: smart meters, synchrophasors and Remote Terminal Units (RTUs). The report covers the cumulative installed units and revenue from 2010-2020 for the three technologies for Australia, China, India, New Zealand, the Republic of Korea, Indonesia and Malaysia. The report also provides the competitive analysis of RTUs for Indonesia and Malaysia installed in 2010. The report provides the policies and regulations surrounding smart grid for China, India, Australia, Japan and New Zealand. It gives global smart grid market analysis, technology analysis, technology deployments by four major technologies and APAC major countries and drivers and restraints.

The report covers APAC market trends, market analysis by smart meters, synchrophasors and RTUs and provides market active and upcoming projects as well as recent deals. This report is built using data and information sourced through primary and secondary research and in-house analysis by GBI Research’s team of industry experts.

According to GBI Research, 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%.

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