Smart grid is a world wide phenomenon that is attracting significant investment. In the US smart grid investment over the next two decades has been estimated at about $400 billion. The expected investment in the EU is €500 billion.
A recent GTM Research report “U.S. Smart Grid Market Forecast: 2010–2015” is projecting a rapifd increase in spending over the next few years from $5.6 billion in 2010 to $9.3 billion by 2012, an increase of more than 65 %. GTM Research sees investment in smart grid in the EU also increasing, to a comparable €6.8 billion per year by 2016.
A recent report has ranked the world’s major economies according to their level of investment in smart grid in 2010.
- China – $7.32 billion
- U.S. – $7.09 billion;
- Japan – $849 million
- South Korea – $824 million
- Spain – $807 million.
- Germany – $397 million
- Australia – $360 million
- UK – $290 million
- France – $265 million
- Brazil – $204 million
A report by Innovation Observatory predicts that over the next few years the ordering will change with India rising to third and Brazil to sixth.
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