NanoMarkets' Releases Report On Smart Grid Opportunities In Europe
NanoMarkets' Smart Grid Analysis group has published a report on Smart Grid opportunities in Europe. NanoMarkets projects that high-voltage transmission, FACTS, transformers, distribution automation and management, energy storage and smart meters will generate almost $5.0 billion in new annual business opportunities by the year 2015 driven by European Union (EU) energy policy requirements on renewable energy and interconnection of grids.
NanoMarkets' new report predicts that there will be a surge in sales of utility class energy storage systems, FACTS systems and high-voltage transmission systems. For example, Smart Grid storage systems, a very small market at the present time, are expected to generate $1.2 billion in sales in Europe by 2015. High-voltage DC transmission system sales in the region are also expected to double by that year.
The EU also has ambitious plans for metering and wants 80 percent of all European homes to have smart meters installed by 2020. In fact, many European utilities are already rolling out smart meters for both homes and businesses and as a result, the European smart meter market is expected to reach $1.3 billion by 2015.
This report analyzes and quantifies the opportunities for firms seeking to exploit the new opportunities emerging in Smart Grid markets within Europe. It provides an analysis of the market and regulatory environments for Smart Grids in the major and many of the minor European countries, as well as a discussion of the important Smart Grid projects in these countries.
The most influential suppliers of Smart Grid products in Europe are profiled and eight-year shipment forecasts of Smart Grid products are included. Forecasts are in volume and value terms and are broken out by country, wherever possible.
