SOURCE: NanoMarkets

NanoMarkets

September 16, 2010 06:30 ET

NanoMarkets' Smart Grid Analysis Group Releases Report on Smart Grid Opportunities in Europe

GLEN ALLEN, VA--(Marketwire - September 16, 2010) -  NanoMarkets' Smart Grid Analysis group has just published a new report on Smart Grid opportunities in Europe. NanoMarkets projects that high-voltage transmission, FACTS, transformers, distribution automation and management, energy storage and smart meters will generate almost $5.0 billion in new annual business opportunities by the year 2015 driven by European Union (EU) energy policy requirements on renewable energy and interconnection of grids.

Further details about the report, "New Business Opportunities in European Smart Grids," can be found on the firm's website at http://www.nanomarkets.net. This report is the latest in the firm's ongoing coverage of opportunities in the Smart Grid era. NanoMarkets' Smart Grid Analysis unit has published on many areas of Smart Grid opportunities including a companion volume to this one covering Asian markets that was issued in August.

Findings from the Report:

NanoMarkets' new report predicts that there will be a surge in sales of utility class energy storage systems, FACTS systems and high-voltage transmission systems. For example, Smart Grid storage systems, a very small market at the present time, are expected to generate $1.2 billion in sales in Europe by 2015. High-voltage DC transmission system sales in the region are also expected to double by that year.

The EU also has ambitious plans for metering and wants 80 percent of all European homes to have smart meters installed by 2020. In fact, many European utilities are already rolling out smart meters for both homes and businesses and as a result, the European smart meter market is expected to reach $1.3 billion by 2015.

About the Report:

This report analyzes and quantifies the opportunities for firms seeking to exploit the new opportunities emerging in Smart Grid markets within Europe. It provides an analysis of the market and regulatory environments for Smart Grids in the major and many of the minor European countries, as well as a discussion of the important Smart Grid projects in these countries.

The most influential suppliers of Smart Grid products in Europe are profiled and eight-year shipment forecasts of Smart Grid products are included. Forecasts are in volume and value terms and are broken out by country, wherever possible.

Among the many companies mentioned in this report are: ABB, Alcatel-Lucent, Atmel, Atos Origin, BatScap, Bosch Siemens Hausgerate, Cellstrom, Cisco, Deutsche Telekom, Echelon, EDF, Elster, Endesa, Enel, Energy& Meteo Systems, GE, Iberdrola, IBM, ISET, Iskraemeco, Itron, Kema, Landis+Gyr, National Grid, NGK, Nokia Siemens Networks, Oracle, Re-Fuel Technology, ReVolt, SAP, Sagem, Samares, Schneider Electric, Siemens, Silver Spring Networks, Telefonica, Televent, Trilliant, Vodafone, and Vattenfall.

About NanoMarkets:

NanoMarkets tracks and analyzes emerging market opportunities in energy and electronics markets created by developments in advanced materials. The firm has published numerous reports related to electronics and display materials. Visit http://www.nanomarkets.net for a full listing of NanoMarkets' reports and other services.

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