ABI: Smart-grid spending will top $45B in 5 years
ABI Research forecasts that the cumulative global investment in smart grids, including smart-meter implementations and upgrades to the transmission and distribution infrastructure, will approach $46 billion by 2015.
The study, Smart Grid Applications: Smart Meters, Demand Response, and Distributed Generation, forecasts the market for smart grid equipment and services for the 2010–2015 period, covering North America, Europe, the Asia-Pacific region, and selected other countries. It provides the outlook for smart-meter installations, as well as the spending associated with them. It also examines and forecasts spending on smart grid-related transmission and distribution (T&D) infrastructure, as well as implementation of specific smart grid-related components at the utility level, such as synchrophasors and HAN communication chipsets.
According to the study, T&D investments will account for almost $41 billion, compared to $4.8 billion for the purchase and installation of smart meters. This infrastructure spending will focus on grid automation and control, distribution automation, distributed generation and demand response programs.