In 2013 there is a much better understanding of the concept of the smart grid and few energy companies would now embark on isolated smart meter rollouts; however some still continue to do so. It has become increasingly clear that smart grids are able to transform the energy industry, and that a much broader group of industries are also affected by this including IT, telecoms, white goods, renewables, management consultants, storage, transport, etc.
The electricity grid is becoming the enabler in all these changes, and by making it an intelligent grid and adding telecoms to it, the power will shift away from the electricity companies to the customers and the appliances that will be developed will assist this process; some of that on a M2M basis using networked sensors and SCaDa technology. Another term being used for these broader developments is the Internet of Things (IoT).
This BuddeComm Intelligence Report is designed to provide a current smart grid market overview as well as insightful observations supported by statistics and examples, which may assist investors, analysts and industry participants in making investment and business decisions.
The smart grid movement has now well and truly set down its roots and smart technology is now well and truly on the agenda of most electricity companies, and indeed on many of their governments' political agendas; However in 2013 there seems to be a lull in smart grid developments; After some early enthusiasm from 2007 to 2012 we now seem to have arrived at a period of regrouping and rethinking; China and the US have some of the largest smart grid markets in terms of value - these two countries are also large investors in the technology; Broadband Powerline (BPL) transmitting higher data rates (Mbps) on the energy distribution grid has emerged as one of the most promising solution for smart grids.