Global Information Inc. would like to present a new market research report, "Asia-Pacific Smart Grids Market to 2020 - Government Initiatives and Longer-Term Strategic Focus of Utilities Will Determine Future Uptake" by GBI Research.
Buoyed by the initiation of a five year low-carbon development plan by deployment of smart meters and implementation of smart grids, China will emerge as the leading nation for smart meter and synchrophasors deployment in the APAC region
China is expected to lead both the smart meter and synchrophasor markets in the APAC region. The Chinese smart meter market number of cumulative units installed is expected to grow from 12 million units in 2010 to 561 million units in 2020 at a CAGR of 46.9%. The Chinese synchrophasors market cumulative units installed is expected to grow from 663 units in 2010 to 3,846 million units in 2020 at a CAGR of 19.2%.
APAC Leads the Global Market in Smart Meter Installations in 2010a
APAC region is the global leader in the installations of smart meters with a 47.1% share, followed by North America with a 32.4% share and Europe with an 18.7% share in 2010. The APAC market for smart meters witnessed the launch of smart metering pilot projects and trials. The high growth of the market, boosting it from the introductory stage to the growth stage within the next three years, will occur because of large-scale deployments in China, South Korea, Taiwan and India. Japan is also expected to emerge as a key APAC market for smart meters. The APAC smart meter market will continue to grow during the period 2014-2020.
The new report gives an in-depth analysis of the Asia Pacific (APAC) smart grid market, covering three major technologies: smart meters, synchrophasors and Remote Terminal Units (RTUs). The report covers the cumulative installed units and revenue from 2010-2020 for the three technologies for Australia, China, India, New Zealand, the Republic of Korea, Indonesia and Malaysia. The report also provides the competitive analysis of RTUs for Indonesia and Malaysia installed in 2010. The report provides the policies and regulations surrounding smart grid for China, India, Australia, Japan and New Zealand. It gives global smart grid market analysis, technology analysis, technology deployments by four major technologies and APAC major countries and drivers and restraints.
The report covers APAC market trends, market analysis by smart meters, synchrophasors and RTUs and provides market active and upcoming projects as well as recent deals. This report is built using data and information sourced through primary and secondary research and in-house analysis by GBI Researchs team of industry experts.