Smart Grid Market in Asia to Hit $19 Billion by 2016
Asia is quickly becoming a center of global smart grid activity. The cumulative smart grid market in China, Japan and South Korea is currently valued at $8.5 billion, with that number forecasted to increase to $19 billion by 2016, according to GTM Research’s latest market report, The Smart Grid in Asia, 2012-2016: Markets, Technologies and Strategies.
At over 180 pages, The Smart Grid in Asia, 2012-2016 is the definitive source for organizations looking to capitalize on Asia’s predominant smart grid markets. A clear understanding of the energy scenarios in China, Japan, and South Korea, as well as their respective smart grid technology and deployment trends, will be crucial to achieving meaningful entry in Asia. This report provides a detailed five-year smart grid forecast, domestic vendor taxonomies, and strategic perspectives on how smart grid players should position themselves for success in each market.
“We expect to see the smart grid in Asia move forward at a breakneck pace,” said Kamil Bojanczyk, the report’s lead author and an analyst-at-large with GTM Research. “Over $45 billion in funding has been earmarked by governments and utilities across China, Japan and South Korea, with the clear majority of those funds and opportunities originating in the Chinese market.”
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