Smart Grid Market, Frost & Sullivan Identifies The Fastest-growing Sectors In Europe
LONDON, Dec. 5, 2012 /PRNewswire/ -- The past 2-3 years have witnessed an increasing interest in smart grids and smart energy. Smart grids are seen as key to addressing the intensifying demand for high-quality power and greater energy-efficiency.
Smart meters are considered to be the first step towards smart grid implementation. The smart meter rollout in Europe is well underway, boosted by the European Union legislation to achieve 80 per cent coverage by 2020. Sweden and Italy had full scale penetration in 2010, while Finland, Norway, and Denmark are likely to achieve their targets by 2016.
New analysis from Frost & Sullivan ( http://www.energy.frost.com), Smart Grids in Europe – Identification of Key Growth Opportunities, identifies five of the fastest-growing sectors within the European smart grid market including advanced metering infrastructure (AMI), integration of distributed generation, sensors and advanced transmission technologies and electric vehicles.
"The success of the smart meter rollout in Europe is largely due to the regulatory push," noted Frost & Sullivan Energy & Power Supplies Research Manager Malavika Tohani. "Smart grids are integral to achieve the EU 20-20-20 targets – 20% increase in energy efficiency, 20% reduction of CO2 emissions and 20% renewables – by 2020."However, uncertainty regarding financing, lack of incentives for distribution system operators (DSOs) and consumers, issues regarding information security, interoperability and absence of concrete regulations and legislations are some of the restraints hindering smart grid growth. "Particularly with regards to integration of distributed generation, there is a lack of clarity on who will bear the costs of connection and to which stakeholders the benefits will accrue," remarked Tohani. "In terms of demand response, uptake in Europe is slow due to limited awareness about the level of financial benefit that households will enjoy against the cost that they must bear in terms of expenditure on devices such as energy monitors and smart thermostats." Clear standards and legislations need to be put in place to tackle issues regarding interoperability and cost sharing. Moreover, consumers need to be educated on the demand response methods as well as given sufficient rewards for saving energy.
Select the service that is right for you!COMPARE ALL SERVICES
Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.
- Real Money + Doug Kass Plus 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV