Asia-Pacific utilities and governments are making heavy investments in smart transmission and distribution technology that are on track to hit $123bn by 2017, finds Pike Research.
Pike Research’s Smart Grid in Asia Pacific report also concludes that cumulative revenue from transmission upgrades will total $93bn between 2010 and 2017.
This trend is accelerating as businesses want to reduce the ratio of electricity consumption to economic output, cut overall greenhouse gas emissions via demand management, and encourage energy efficiency.
Governments in China, Japan, South Korea and India see transitioning to a smart grid as a key goal of national energy policy.
Pike Research expects cumulative revenue from smart transmission and distribution systems to reach $123.3bn, about 72 per cent of all Asia-Pacific smart grid investment over that period.
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