Report Highlights
- The U.S. market for smart grid technologies was worth $15.3 billion in 2008. This is expected to increase to $17.3 billion in 2009 and $37.4 billion in 2014, for a compound annual growth rate (CAGR) of 16.6%.
- Distributed energy generation and storage technologies generated $10.1 billion in 2008 and an estimated $11.3 billion in 2009. This segment should reach $20.1 billion in 2014, for a CAGR of 12.2%.
- Sensing, measurement and control technologies were worth almost $4 billion in 2008 and will reach an estimated $4.4 billion in 2009. This should increase at a CAGR of 26% to reach $14 billion in 2014.
INTRODUCTION
- Energy efficiency
- Environmental impacts
- Consumer choice
- Runs more efficiently
- Generates higher-quality power
- Resists attack
- Is self-healing
- Enables consumers to manage their energy use better and reduce costs
- Integrates decentralized generation (e.g., renewable energy) and storage (such as fuel cell) technologies
- Two-way integrated communications: allow for real-time control, information and data exchange to optimize system reliability, asset utilization, and security
- Sensing and measurement: evaluate congestion and grid stability, congestion and grid stability, monitor equipment health, detect energy theft, and support control strategies support
- Advanced components: flexible alternating current transmission system devices, high voltage direct current, first and second generation superconducting wire, high temperature superconducting cable, distributed energy generation and storage devices, composite conductors, and “intelligent” appliances
- Advanced control that enables rapid diagnosis of and precise solutions to specific grid disruptions or outages
- Improved interfaces and decision support that reduce complexity so that operators and managers have tools to effectively and efficiently operate a grid with increasing numbers of variables.
- Identifying the smart grid technologies with the greatest commercial potential over the next 5 years (2009 to 2014)
- Estimating the market for these technologies in 2007 to 2008
- Analyzing the technical, economic and other demand drivers for these products, and other prerequisites of success in these markets
- Projecting the potential U.S. markets for these technologies through 2014
- Analyzing macro-level political and economic forces that are helping to shape the market for smart grid technologies.
INTENDED AUDIENCE
The report is intended especially for providers of smart grid technologies and products based on these technologies. Although the report is structured around specific technologies, it is largely non-technical in nature. That is, it is concerned less with theory and jargon than with what works, how much of the latter the market is likely to purchase, and at what price.
- Communications technologies
- Sensing and measurement technologies
- Advanced components
- Control technologies
- Interface and decision support technologies
- Executive summary
- Definitions
- Benefits of smart grids
- Smart grid “roadmap”
- Policy, regulatory and economic environment for the transition to a smart grid
- Enabling technologies for the smart grid
- Developers and suppliers of smart grid enabling technologies
- Current (2007 to 2008) and projected market for smart grid technologies through 2014
- Patent analysis.
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