Asia-Pacific is consider one of the most dynamic and the fastest growing region in the world. With over quarter of the world population located in this part, and most of the countries still in development stages, there is huge growth potential in almost all segments. The hyper- growth is fueling the demand for more energy, which in turn is creating significant market opportunities for clean-tech market. According recent report, published by the leading clean tech market intelligence firm PikeResearch, Smart Grid investment in Asia Pacific is set to reach $171.3 billion by 2017. The report notes that for every country the drivers for Smart Grid implementation are significantly different.
According to senior analyst, Andy Bai, "Chinese market players believe that the construction of a smart grid is a key part of economic growth and enhancing the ability to optimize energy allocation, including the integration of new generation capacity from both renewable and fossil fuel sources. Japan’s electric utilities have been investing huge amounts of capital in power infrastructure, resulting in advanced capabilities in transmission infrastructure and power delivery services; however, the tragic March 2011 earthquake, tsunami, and resulting Fukushima nuclear accident are likely to redefine not only Japan’s smart grid planning, but perhaps the direction of the nation’s utility industry. Korea seeks to leverage its technology leadership in the IT and communications space to form an advanced smart grid infrastructure within the country, as well as an opportunity to export smart grid technologies around the world. Significant and influential smart grid projects are also underway in Australia, India, and the Association of Southeast Asian Nations (ASEAN) region.” The analyst further adds, the transmission upgrades, Distribution Automation, and Advanced Metering Infrastructure will capture majority of the market with each segment having share of 54%, 18%, and 15% respectively".
The report provides in-depth analysis for market drivers, business models and applications, technology issues, and government policy within Asia-Pacific Region. The study covers detailed forecast by application for China, India, Korea, Australia, Japan, and the ASEAN region. Overall, the study addresses following key questions.