European smart grid technology market to hit E3.1 billion in 2012
According to the research firm, the smart grid market in Europe will experience considerable development over the next five years, as utilities across the region work to meet rigorous efficiency mandates and integrate an ongoing build-out of renewable energies into the grid.
Geert-Jan van der Zanden, author of the report, said: â€œThere is a confluence of progressive policy, technology advances and utility necessity propelling the smart grid in Europe. We expect an integrated rollout in the region over the next five years that will lead to substantial deployment for each of the smart gridâ€™s major market segments: advanced metering, distribution automation, integration of renewables, electric vehicles and utility IT systems.
â€œWhile the majority of national markets in Europe are advancing smart grid goals, few if any have meaningfully engaged the end-consumer. The next step for these countries and their utilities is to demonstrate the value of home energy management or demand response technologies to their customers; consumer engagement is the key variable in the final business case for smart grid in Europe.â€
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