50 Countries Investing in Smart Grid

Smart-grid infrastructure and utility upgrades are becoming more and more popular. Many cities and countries are seeing the benefits of the upgrades. Currently, 50 countries are projected to invest $268 billion in smart-grid infrastructure, including smart metering, distribution automation, and other market segments throughout the next decade.

During the next decade, smart-grid infrastructure investment will occur in developing countries. To date, most smart-grid investment has been concentrated in developed countries. This mainly includes countries in North America, Western Europe, and East Asia.

These markets represent more than 75 percent of the current installed base of smart meters and many of the pioneering distribution automation, analytics, home energy management, and other smart-grid initiatives. But many countries in the rest of the developing world are positioning themselves to catch up quickly. The 50 countries have all begun to explore smart-grid deployments, and in many cases have advanced regulatory frameworks and extensive pilot projects in place. With GDP growth rates more than double those in the developed world, these 50 countries will have the funds available to undertake significant grid modernizations.

A few of the countries investing in the modernizations are: Croatia, Estonia, Latvia, Lithuania, Slovakia, Slovenia, Kazakhstan, Kyrgyzstan, Uzbekistan, Argentina, Chile, Colombia, Dominican Republic, Ecuador, Paraguay, Peru, Venezuela, Bahrain, Jordan, Kuwait, Lebanon, Oman, India, Pakistan, Sri Lanka, Indonesia, Malaysia, Singapore, Thailand, Vietnam, Ghana, Nigeria, and South Africa.

The smart-grid infrastructure will provide many benefits to the areas it is implemented and propel these countries into the future.

Posted: 4/27/2017 1:25:27 PM



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