Smart Grid Market Analysis

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DSG-GlobalData’s Smart Grid Market Analysis

 


Thegrowing concerns for the environment and steadily increasing fuel prices in recent years have led to the growth of Electric Vehicles (EVs) worldwide. Plans and policies which include incentive programs and tax rebates have led to the deployment of EVs on a large scale. Governments are now coming up with plans for increasing the demand for EVs in the fleet industry, which includes both public and private vehicle fleets. Recently, the French government planned to introduce a public–private procurement plan that would increase the use of EVs for fleet operators. There has been an increase in the number of fleet operators in recent years and these operators are still evaluating the benefits and costs associated with the use of EVs compared with gasoline vehicles. EVs provide a number of benefits for fleet operators over gasoline models. Compared to a gasoline vehicle, an EV produces fewer carbon dioxide (CO2) emissions and therefore deploying electric vehicles enables fleet operators to reduce their overall CO2 emissions. Adopting EVs as low-carbon business models will help governments worldwide to achieve their carbon reduction strategy and hence promote the deployment of EVs for fleet operators. 

Price: $500 (Single User License) Published: Nov’12

 

A smart city is a city that performs in a progressive way and utilizes Information and Communication Technology (ICT)-enabled services, making them available to aware and independent citizens. Smart cities help to improve the citizen’s quality of life and provide them with improved efficiency and eminent services. Broadly a smart city can be measured by six characteristics: smart economy, smart people, smart governance, smart mobility, smart environment and smart living.  Smart people refer to the education level of citizens and the manner in which they interact with the outer world. Smart governance involves aspects of political participation, services being made available for citizens, and the proper functioning of the government. The key aspects of smart mobility include inland and international accessibility, and advancements in emissions and traffic control. The smart environment involves appealing climatic conditions, the management of natural resources and measures for the protection of the environment. Smart living involves the citizens’ quality of life, covering health, safety, housing and education. 

Price: $500 (Single User License) Published: Nov’12

 

Electricity demand reflects the patterns of economic growth, with marked differences between the developed and developing world. The chart below shows that electricity generation and gross domestic product (GDP) in non-OECD economies will outpace that of OECD countries in the long-term. The vast majority of developing countries are still without grid-supplied electricity, and the electrification of off-grid areas will contribute strongly to projected growth. Power consumption in the OECD economies is stable with slower forecasts for growth, as electricity markets in these regions are already well-established. On the other hand, electricity demand from non-OECD countries is soaring, where a vast amount of electricity demand is currently unmet. 

Price: $500 (Single User License) Published: Nov’12

 

Green buildings take into account energy efficiency and the preservation of natural resources, something not considered by most modern building practices. They enable a wide range of construction, operation and maintenance practices and building designs to be integrated in order to offer healthier living standards and reduce environmental impact. This may involve features such as compact fluorescent lighting and high-efficiency heat pumps, and considerations in terms of building orientation and design. Some of the benefits that green buildings offer to building owners and facility managers include savings obtained through lower energy, water and maintenance costs; better performance; faster leasing and sales processes; healthier living standards; less absenteeism from work; and a commitment to environmental sustainability.

Price: $500 (Single User License) Published: Nov’12

Recent years have experienced a number of widespread power blackouts across the globe, following natural disasters such as hurricane Sandy, hurricane Irene and hurricane Tomas in the US, and the Fukushima nuclear disaster in Japan. Hurricane Sandy left at least five million homes and businesses in dark, and in some places the outages continued for more than two weeks. This implies the need for a smarter grid, an interconnected system responsive to the forces acting on it, capable of reporting statuses and restoring the power supply faster. Smart grids are a combination of advanced power electronics and communication technologies attached to conventional transmission and distribution systems. This technological amalgamation is reshaping how utilities work and stay in touch with customers, providing new ways to minimize the frequency of outages and restore power quickly.

Price: $500 (Single User License) Published: Dec’12

 

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