The US, China, India and seven others to account for 80% of the Smart Grid Investment

According to the latest report released by Innovation Observatory, 80% of the Smart Grid Investment will be concentrated in 10 countries. It further reveals that Utilities across the world are going to spend more than $378 billion by 2030, however majority of this spending will be in the US, China, India, the Japan, Germany, Brazil, the UK, France, Spain, and South Korea. The US, which will lead the smart grid investment for next 5 (till 2016)  years is going to spend $60 billion on intelligent Smart Grid by 2030. The $60 billion investment includes communication infrastructure, grid automation, system integration, IT System and hardware, home area network, and smart meters. 

The world's most populous and the fastest growing country, China, which plans to roll-out 360 million smart meters by 2030 is going to account 25% of the all the global investment. According to report, China is going to spend close to $99 billion by that time and will overtake the US as the leading Smart Grid country by 2016. The other major countries in the list include emerging economies India and Brazil, which have plans to install over 130 million and 63 million smart meters. 

These are the countries where major action for business, technology, innovation, and skills will happen. 

Click this link to access the details of the report

India among the top 10 Smart Grid Investment countries

A recent research report published by Innovation Observatory reveals that utilities worldwide will spend US$378 billion in Smart Grid technologies by 2030. However, the lion share (almost 80%)  of the total investment will be taken by only 10 countries. The United States will be leading the Smart Grid investment for the next five years. By 2030, it will spend US$66 billion for intelligent smart grid infrastructure. Apart from smart meters, the investment will be geared towards grid automation, communication infrastructure, IT systems and hardware, home area network, and system integration. China, which will take over the US as the leading Smart Grid market by 2016, will supposedly spend US$99 billion by 2030, which includes roll-out of 360 million Smart Meters.

The two emerging nations India and Brazil also have massive smart grid investment plans and are among the top 10 list. India, which will be the third largest smart grid investment market, is set to install 130 million Smart Meters by 2021. At present, the market in India is nascent with only few smart meters roll out happened. But it seems to gather pace from 2012 onwards. During the same period, Brazil, which will be the sixth largest smart gird market, is set to replace 63 million smart meters.

The other members of the top 10 includes leading European countries the UK, Germany, France, and Spain and Japan and South Korea from the Asia Pacific region.

The competition to win the contracts will be fierce among the technology suppliers to tap the massive market opportunity. Companies will have to tailor their strategy based on the scale of the project, the region of the market, their expertise, and smart grid value chain they operate in.

Top 10 List

1) China

2) USA

3) India

4) France

5) Germany

6) Brazil

7) Spain

8) The UK

9) Japan

10) South Korea