Smart Grid Market in Europe to 2020 - Advanced Grid Concepts and Intelligent Technology

Jan. 25, 2012 - PRLog -- There is particular focus in Europe on the implementation of smart meters, especially in France, Spain and the UK, all of which have strong smart meter deployment plans. There is less market potential in Sweden where 100% smart meter penetration was achieved in July 2009, becoming the first country to do so. It achieved this by mandating monthly meter values collection by utilities. Smart meter deployment has also recently been completed in Italy.

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%. In France, equipment from Itron, Landis+Gyr and Iskraemeco is involved in three different pilot projects of around 100,000 meters each. 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%. In Spain, major distribution companies such as Endesa and Iberdrola began rolling out pilot projects in 2010 and encouraging growth is expected during 2011-2020. 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%. In the UK, British Gas has already announced plans for a multi-million meter deployment in partnership with Vodafone cellular infrastructure and ZigBee in homes. 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%.

Customers in Europe demand a regular and accurate flow of information regarding the likelihood of power outages as well as an immediate response in the event of one occurring. This has resulted in the large-scale deployment of a management system in Europe to enable communication between the utility and the customer in the event of a power outage.

For Sample Pages, please click or add the below link to your browser:
http://www.gbiresearch.com/RequestSamplePages.aspx?ID=Eur...

GBI Research, a leading business intelligence provider, has released its latest research, “Smart Grid Market in Europe to 2020 - Advanced Grid Concepts and Intelligent Technology Pivotal to Achieving EU 20-20-20 Targets”. The report gives an in-depth analysis of the European smart grid market covering the three major technologies: smart meters, synchrophasors and in-home displays. The report gives the cumulative installed units and revenue from 2010-2020 for the three technologies for France, Spain, Denmark, Finland, Sweden, Norway and the UK. It also details smart grid policies and regulations in the European Union. It gives global smart grid market analysis, technology analysis, technology deployments by four major technologies and European major countries and the drivers and restraints.

The report covers European market trends, gives market analysis for smart meters, synchrophasors and in-home displays and provides active and upcoming projects as well as recently completed 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, 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 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%.

For further details, please click or add the below link to your browser:
http://www.gbiresearch.com/Report.aspx?ID=Europe-Smart-Gr...

Visit our report store: http://www.gbiresearch.com
For more details contact:
pressreleases@gbiresearch.com            
North America:                   +1 646 395 5477
Europe:        +44 207 753 4299
           +44 1204 543 533
Asia Pacific:       +91 40 6616 6782

# # #

GBI Research is a market-leading provider of business intelligence reports. GBI Research covers worldwide markets and issues, supplies actionable data and forecasts and is driven by industry leaders’ insights. GBI Research provides a broad spectrum of reports across the healthcare and energy industries and its online offering is easy to navigate - a comprehensive resource for business information needs