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Utilities nearly double smart grid spending in 2012

Posted: 01 Mar 2013     Print Version  Bookmark and Share

Keywords:Smart Grid  utility  Advanced Metering Infrastructure 

Spending by utilities transitioning their networks to Smart Grid capabilities is expected to grow over the next five years to reach Rs.4.42 lakh crore ($80.8 billion) during 2018, according to ABI Research.

Utility smart grid spending reached Rs.1.29 lakh crore ($23.68 billion) in 2012. Highlighting the growing momentum behind the spending, 2012's total alone represents 48 per cent of Smart Grid spending to date. During the year, spending on transmission and distribution capabilities surpassed smart meter investments as utilities increasingly looked to improve their core networks and maximise the benefits of their growing Advanced Metering Infrastructure (AMI) deployments.

"Utilities are investing in the rollout of a broad assortment of new applications and spending is driving new services from a wide range of vendors and consultants," says Jonathan Collins, principal analyst at ABI Research. "The complexity of the new hardware, applications, and the expansive array of suppliers vying to deliver services continues to ensure that systems integrators benefit with a significant share of the spending."

Smart grid spending in 2012 was up 47.1 per cent from Rs.87,978.14 crore ($16.10 billion) in 2011 as remaining government stimulus funds were spent in the United States and utilities around the world increased their own investments. Even so, these remain the early years of Smart Grid investments and spending will continue to grow over the next five years, said ABI.

For more statistics and forecasts, click here.





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