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Business Opportunities in Asian Smart Grids
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 worlds 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 [link widoczny dla zalogowanych], 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 [link widoczny dla zalogowanych], and environmental impact to supply the electrical power needs of modern societies.
For all of the countries covered, this report (1) analyzes the key drivers for Smart Grids such as environmental concerns, enhanced grid reliability and security, need to integrate renewable energy [link widoczny dla zalogowanych], need to upgrade existing facilities to meet demographic changes, etc. and (2) discusses the likely timetable for Smart Grid deployment. It 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.
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