Smart grid market in Europe
According to research undertaken by ReportsnReports, advanced grid concepts and intelligent technology are pivotal to achieving EU targets.
The report provides detailed analysis and forecasts on the European smart grid market. Its scope includes:
• European smart grid market analysis covering the three major technologies: smart meters in France, Spain and the UK; synchrophasors in Denmark, Finland and Sweden; and in-home displays in Denmark, Finland, Norway, Sweden and the UK
• Historical and forecast figures for units installed and revenues for smart meters, synchrophasors and in-home displays from 2008-2020
• Smart grid policies and incentives for the European Union
• Global smart grid market analysis, technology analysis, technology deployments and drivers and restraints
• European smart grid market trends and market analysis
• European smart grid market technology deployments in France, Spain, the UK, Sweden, Denmark and Finland
• European smart grid market analysis of mergers and acquisitions, partnerships, venture capitals, debt finances and equity offerings
• European smart grid market major contracts and projects
The cumulative number of smart meter units installed in Europe is expected to grow from 7.6 million units in 2010 to 105.99 million units in 2020 at a Compound Annual Growth Rate (CAGR) of 30.2%.
In France, equipment from Itron, Landis+Gyr and Iskraemeco is involved in three different pilot projects of around 100,000 meters each. The cumulative number of smart meter units installed in France is expected to grow from 0.3 million units in 2010 to 38.5 million units in 2020 at a CAGR of 62.5%.
In Spain, major distribution companies such as Endesa and Iberdrola began rolling out pilot projects in 2010 and encouraging growth is expected during 2011-2020. The cumulative number of smart meter units installed in Spain is expected to grow from 7.2 million units in 2010 to 27.54 million units in 2020 at a CAGR of 14.4%.
In the UK, British Gas has already announced plans for a multi-million meter deployment in partnership with Vodafone cellular infrastructure and ZigBee in homes. The cumulative number of smart meter units installed in the UK is expected to grow from 0.1 million units in 2010 to 39.95 million units in 2020 at a CAGR of 82%.
Customers in Europe demand a regular and accurate flow of information regarding the likelihood of power outages as well as an immediate response in the event of one occurring. This has resulted in the large-scale deployment of a management system in Europe to enable communication between the utility and the customer in the event of a power outage.
Knowledge of a particular technology will help the customer to understand its associated benefits and concerns. The increased awareness of smart meters has raised concerns over privacy among customers in Europe, where deployment is occurring on a large scale. The main concern is their security and privacy rights.
These concerns have led the European Commission (EC) to issue a mandate to the European Standardization Organisations (ESOs) to develop technical standards for smart grids taking an approach known as ‘privacy by design’.
The EC will also monitor the provision of national sectoral legislation to take into account data protection issues.
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