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Utility and Consumer Demand have Yet to Substitute Government Initiatives as Key Driver for Smart Grid Technologies

Utility and Consumer Demand have Yet to Substitute Government Initiatives as Key Driver for Smart Grid Technologies

Table of Contents

Market Briefing
Published: May 2012
Pages: 7
Tables: For full details, please email deborahf@cmsinfo.com
From: GBP 312.50  Buy Now!
Research from: GlobalData
Sector: Power

Utility and Consumer Demand have Yet to Substitute Government Initiatives as Key Driver for Smart Grid Technologies

Summary

GlobalData's report ?Utility and Consumer Demand have Yet to Substitute Government Initiatives as Key Driver for Smart Grid Technologies? provides an analysis of how the market for smart grid technologies is being driven by government initiatives instead of utility and consumer demand. Government policies and regulations have emerged as the key drivers of smart grid technologies, as opposed to utilities or consumers. The smart grid market is in its nascent stage, and demand from retail consumers and utilities is not strong enough to drive the market. Lack of awareness about the technologies among consumers and unwillingness of utilities to adopt them have also contributed to weak demand. In such a scenario, governments in key smart grid markets are creating policies aimed at helping utilities and consumers understand the benefits of smart grid and implement smart grid technologies, and also providing funds and non-financial incentives. Utilities will need government funding support as they will not be able to shoulder the whole investment commitment to deploy smart grid technologies without it.

Scope

- Policies and regulations framed by governments to drive smart grid
- Steps take by governments to gain confidence of consumers and support utilities
- Utility reaction towards smart grid deployment
- Cause for low acceptance of smart grid among consumers

Reasons to buy

- Identify measures taken by governments in driving smart grid
- Gain insight on the global smart grid industry?s development trends
- Developing strategies for market penetration
- Facilitate decision-making based on insights on smart grid market

Keywords

Government policies, regulations, smart grid, consumers, investment, demand, barrier, utility, US Department of Energy, Smart Grid Maturity Model, smart meters, In-home Displays, thermostats, Vehicle-to-Grid, Electro Magnetic Frequency, Telegestore, Smart Grid Investment Grant, International Energy Agency, State Grid Corporation China

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