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.



Hse SandyHook
Latest Top Stories

Does Income Determine Who Benefits The Most From Smart Grids?

According to the Smart Grid Consumer Collaborative, low-income consumers may be at a disadvantage.


Accenture And Siemens Form Smart Grid Joint Venture

OMNETRIC Group will help utilities improve energy efficiency, grid operations and reliability.


Maine Public Utilities Commission: Smart Meters Are Safe

According to a report by the commission, there is no direct link between smart meters and health issues.


Report: Global Solar Deployment Topped Wind In 2013

Research firm Clean Edge finds that solar surpassed wind for the first time since it began tracking international markets in 2000.


HEM Is Key For Utilities To Maintain A Competitive Edge

According to a report by Lux Research, automated meters, electricity rates and renewable energy are crucial to the success of home energy management.

S&C Electric_id176
edf_id