Smart Grid Technology - Advantages And Future Market

What is Smart Grid...?

Short And Sweet Answer:- Smart Grid = IT + Electric Grid

So Smart grid technology is optimal utilization of  electricity delivery system using Computer based remote control and automation.up til now computers are used in various other industries to improve overall performance,security,efficiency etc.now these computer systems are also used in Electricity networks,from the power plants,wind farms to the consumers homes and businesses.
 

Because of these systems now a days we can think about two way digital communications technologies.along with they offer various other benefits to utilities and consumers like energy efficiency and reliability on the electricity grid and in energy users’ homes and offices.

 

Drawback of Traditional Power Grid :(One-way flow Of electricity)

1. Centralized
2. bulk generation
3. Heavy reliance on coal and oil
4. Limited automation
5. Limited situational awareness
6. Consumers lack data to manage energy usage

What Is Future..?

Future is nothing else than the Smart grid that is Two-Way Flow Of Electricity And Information.

Two-Way Flow Of Electricity And Information 

 

Smart Grid Benefits:

1. Improving Power Reliability and Quality
2. Minimizing the Need to Construct Back-up (Peak Load) Power Plants
3. Enhancing the capacity and efficiency of existing electric grid
4. Improving Resilience to Disruption and Being Self-Healing
5. Expanding Deployment of Renewable and Distributed Energy Sources
6. Automating maintenance and operation
7. Reducing greenhouse gas emissions
8. Reducing oil consumption
9. Enabling transition to plug-in electric vehicles
10. Increasing consumer choice

Smart Grid Technology Market  :

According to a new market research report “Smart Grid Technology Market - Analysis & Global Forecast By Hardware, Software & Communication Network Technologies (2011 - 2016)” published by MarketsandMarkets (www.marketsandmarkets.com), the total smart grid technology and related application market is expected to reach $80.6 billion by 2016 at a CAGR of 28.7% from 2011 to 2016.

 

source:www.marketsandmarkets.com

Main Players Of This Market :

1. Landys+Gyr (U.S.)
2. Itron (U.S.)
3. Cisco (U.S.)
4. eMeter (U.S.)
5. Telvent (U.S.)

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