The development and expenditures on Smart Grid-related projects in Asia are
already impressive. Nonetheless, even after massive power sector reforms, China,
India and other Asian nations still face shortages in electric power. According
to the US Energy Information Administration, the world’s electricity generation
is projected to increase by 77 percent from 2006 to 2030. But the Asian countries
will increase generation by 200% over that period. So the need for grid improvements
is increasing.
China has embarked on a 10-year project to build a "Smart Grid"
that will catapult its power transmission into the digital age, securing electricity
supplies and boosting energy conservation. The Government of India has devised
a scheme which is called the Restructured Accelerated Power Development and
Reforms Programme to address the strengthening & upgrading of the Indian
transmission and distribution network. The program calls for an investment of
US $ 10 billion over a five year span. The Japanese trade ministry has estimated
the shift to renewable power will require a grid upgrade at a cost of between
US$ 51 Billion and US$74 Billion by 2030. Korea aims to create a nationwide
Smart Grid by 2030 for an electricity market worth US$ 60 Billion.
Within Asia, the demand for Smart Grid capability is quite diverse in nature
ranging from reflecting the sophisticated nature of electricity demand in developed
nations such as Japan and South Korea, to the need for first deployment of grids
and massive grid upgrades in the developing economies of India and China. Yet,
there is also general consensus that existing electricity grids in Asia are
not sufficient in terms of capacity, efficiency, reliability, security, and
environmental impact to supply the electrical power needs of modern societies.
Further, because of growing environmental concerns, Asian grids needs to become
far more flexible than they are today, accommodating distributed power generation
from renewable sources and use several energy-efficiency techniques.
With all this in mind, NanoMarkets/Smart
Grid Analysis believes that Asia, offers huge potential for suppliers of Smart
Grids technology, systems and software. As a result, NanoMarkets
publishes this New
Business Opportunities in Asian Smart Grids report which identifies and
quantifies the business opportunities that are appearing as a result of the
deployment of Smart Grids in Japan, Korea, India, Taiwan, China, Malaysia, the
Philippines, Singapore, Thailand and Vietnam.
For all of the countries covered, New
Business Opportunities in Asian Smart Grids report (1) analyzes the key
drivers for Smart Grids such as environmental concerns, enhanced grid reliability
and security, need to integrate renewable energy, need to upgrade existing facilities
to meet demographic changes, etc. and (2) discusses the likely timetable for
Smart Grid deployment. New
Business Opportunities in Asian Smart Grids report also talks about major
projects and trials in each Asian nation. On the supply side, the products and
strategies of leading transmission and distribution, metering, storage, communications
and software firms in Asian Smart Grid markets are discussed and analyzed.