A new Zpryme Smart Grid Insights report, The Optimized Grid, reveals that by 2020 the global distribution automation market will reach $33.9B with Asia Pacific accounting for 37% of the global market.
FOR IMMEDIATE RELEASE
Austin, Texas, July 6, 2012 -- A new Zpryme (www.zpryme.com) Smart Grid Insights report, The Optimized Grid, released today reveals that by 2020, the global distribution automation market is projected to reach $33.9 billion with Asia Pacific accounting for 37% of the global market. In this report Zpryme looks at the distribution system portion of the smart grid and the portfolio of technologies that are being deployed to optimize the distribution infrastructure.
To download the report, The Optimized Grid, please visit Zpryme Smart Grid Insights at: www.smartgridresearch.org.
“Led by companies such as GE, ABB, Siemens, and Schneider Electric, the global distribution automation (DA) market will be driven by smart grid investments in emerging markets such as China, Brazil, and India, and by European policies that aim to have 80% smart meter deployments by 2020; DA is the backbone of the future intelligent distribution network,” said Jason S. Rodriguez, CEO, Zpryme.
Zpryme’s The Optimized Grid, reveals the top global distribution automation market value by region, (2020, in US billions):
- Asia Pacific $12.4 (37% Share)
- North America $9.4 (28% Share)
- Europe $5.3 (16% Share)
- Latin & South America $3.3 (10% Share)
- ROW $3.5 (10% Share)
In the near-term utilities will continue to invest in technologies that enable them to more effectively manage the grid. In more mature markets the growth will be driven by needs to modernize aging infrastructure and the need for increasing reliability. The global trends in urbanization and energy efficiency are more prominent in emerging markets where many countries are encouraging investment in energy grids, in these markets intelligent hardware will make up a larger share of the investment in the short term.
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