Enabling Technologies for the Smart Grid
BCC estimates that the U.S. market for smart grid technologies was worth about $23.6 billion in 2010. The market is projected to increase to nearly $23.7 billion in 2011 and $33.1 billion by 2016, a compound annual growth rate (CAGR) of 6.9% over the next 5 years.
The study covers the major enabling technologies for the smart grid, including:
- Communications technologies
- Sensing and measurement technologies
- Advanced components
- Control technologies
- Interface and decision support technologies.
The study format includes the following major elements:
- Executive summary
- 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 (2010) and projected market for smart grid technologies through 2016
- Patent analysis.
Andrew McWilliams, the author of this report, is a partner in the Boston-based international technology and marketing consulting firm, 43rd Parallel, LLC. He is the author of the previous edition of this report, as well as several other reports that analyze selected smart grid technologies, such as Energy Management Information Systems: Global Markets (EGY052B); The U.S. Market for Clean Technologies (ENV011A); Superconductors: Technologies and Global Markets (AVM066B); Metamaterials: Technologies and Global Markets (AVM067A); and Advanced Materials and Devices for Renewable Energy (EGY053B). Mr. McWilliams is also the author of several other energy-related BCC reports, including Petroleum Fuel Optimization Technologies (EGY051A); Building the Global Hydrogen Economy: Technologies and Opportunities (EGY055B); and Nanotechnology in Energy Applications (NAN044A).
- 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.
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