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Developing Economies - The Next Growth Market for Smart Grid Technologies

Developing Economies - The Next Growth Market for Smart Grid Technologies

Table of Contents

Market Study
Published: December 2012
Pages: 7
Tables: For full details, please email keithw@cmsinfo.com
From: GBP 328.95  Buy Now!
Research from: GlobalData
Sector: Power

Developing Economies - The Next Growth Market for Smart Grid Technologies

Summary

GlobalData?s report ?Developing Economies - The Next Growth Market for Smart Grid Technologies? provides an analysis on the requirement of smart grid technologies for the grids of developing countries. Developing economies such as India, China, Japan, South Africa, Mexico and Brazil represent growth markets for the accelerated deployment of smart grid technologies. The increased energy needs of consumers in developing nations are driving the increased implementation of smart grid technology such as demand response programs. These demand response programs help to provide a balance between the supply and demand of electricity. Technologies such as Dynamic Volt-Ampere Reactive (D-VAR) and Static Compensators (STATCOMs), High Voltage Direct Current (HVDC), Flexible Alternating Current Transmission Systems (FACTS) and Outage Management Systems (OMS) are required in order to reduce the T & D losses nad maintain the grid stability.

Scope

- Increasing energy requirements pave the way for smart grid technologies in developing countries
- Mounting Transmission and distribution losses in developing countries push the adoption of smart grid technolgies
- Increasing integration of renewable sources boost the growth of smart grid technologies
- Need for the faster restoration of power outage enhance the growth of smart grid technologies

Reasons to buy

- Identify key growth and investment opportunities in developing countries in smart grid industry
- Gain insight on the solutions provided by smart grid technologies for improving on grid difficiencies
- Develop strategies for market penetration
- Facilitate decision-making based on insights on different applications of smart grid

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