in Up Front
print the content item

The Asia Pacific, Australia and Singapore are the ideal destinations for smart grid companies because they have a well-developed infrastructure, high technology acceptance and advanced software, finds a new analysis from Frost & Sullivan.

Countries such as Singapore and Indonesia, which are densely populated, are investing significantly in smart grid technologies. Smart grids are also gaining traction in Southeast Asia, Australia and New Zealand, as environmental agencies are pressuring governments to conserve their resources.

This has created a huge market for telecom operators, equipment manufacturers and other services providers, according to Frost & Sullivan.

In addition, there is a growing realization that several industries must grow in tandem to make the most of a smart grid system. This is prompting higher investments in software and IT services for the smart grid to aid with real-time data analysis.

"It is also felt that closed-loop systems will gain prominence in the monitoring and controlling of smart grids," adds Krishnan Ramanathan, a research analyst with Frost & Sullivan. "Hence, complete integration of systems will provide opportunities for automation manufacturers."

Smart grids help to lighten the loads on conventional electricity grids, Ramanathan points out.

"Using a smart grid also eases the load on auxiliary power plants,” Ramanathan notes. “For instance, an electric utility could draw power from several solar installations rather than operate on auxiliary power. Apart from reducing loads, smart grids enable countries to comply with emission norms, doing their market prospects no harm."

However, smart grids do face some opposition, as some say the full potential of the technology can only be tapped when usage patterns are ascertained.

In addition, there are concerns that automated systems can cause the smart grid system to collapse, which compels companies to invest in security systems. However, this risk is inherent in all similar technologies.



Hybrid Energy Innovations 2015
Latest Top Stories

Duke Energy Commits $500M To Major Solar Expansion In N.C.

The utility company says the investment will help further diversify its portfolio, as well as increase solar power for its North Carolina customers by 60%.


Sensus Issues Refund To SaskPower After Smart Meter Woes

As SaskPower continues to swap out its Sensus units following several meter failures, the two companies have reached an agreement in order for the utility to recover costs.


The Smart Utility's Guide To Choosing A Smart Meter

Electricity providers across North America are taking on grid modernization. This article outlines the myriad factors a utility should consider in order to select the best-possible smart meter.


DOE Report: U.S. Wind Power Prices Reach All-Time Low

According to the U.S. Department of Energy (DOE), wind power continues to play a larger role in the U.S.' energy mix and is the cheapest it has ever been in the country.


Survey Reveals What U.S. Consumers Expect From Their Utilities

GE's new survey measures Americans' views on the state and future of the grid, as well as how much extra consumers would be willing to pay for better power reliability.

S&C Electric_id176
Hybrid Energy Innovations 2015
Future Energy_id187
edf_id180