The future of Asian smart grid market

Recently, the market analysis company NanoMarkets has released a report named "Asia's Smart Grid New Business Opportunities." This report mainly analyzes and looks forward to the business opportunities and challenges in the deployment of smart grids in Asian countries. The report points out that in recent years Asia has The performance of the smart grid market has made the industry brighten up. Smart grid-related projects have good momentum both in terms of capital expenditure and long-term development. At the same time, due to increased demand in China, Japan, South Korea and India, Asian smart The scale of investment in the grid market is expected to reach US$ 22.2 billion over the next five years.

According to a report from the US Energy Information Administration (EIA) , global power generation is expected to increase by 77% from 2006 to 2030 , while Asia’s power generation will increase by a significant 200% over the same period. By then, the demand for power grid upgrades will increase. In addition, NanoMarkets stated that the power sector in some Asian countries has successively introduced measures to deploy smart grids. Despite this, power shortages still exist in parts of China, India and other Asian countries, but NanoMarkets still maintains the prospects for smart grids in Asia. Optimistic attitude. In fact, the root cause of the power shortage phenomenon can be attributed to the lack of intelligence in transmission and distribution. Therefore, it is imperative to deploy a smart grid.

Japan, South Korea, India Smart Grid Planning and Development

The report stated that many countries in Asia will have different national conditions. Therefore, countries have different requirements for smart grids. Industrialized countries represented by Japan and South Korea need more refined power distribution, and therefore require smart grids to generate more power. Sophisticated and meticulous, while developing countries like China and India need to deploy smart grids for the first time and upgrade the grid on a large scale. Of course, countries have a consensus on the Asian grid market that is to meet the growing power of modern society. Demand, the efficiency, reliability, safety, and environmental protection of the existing Asian power grid still need to be strengthened.

It is reported that Japan, South Korea and India have started the planning of smart grids. In Japan, according to the Ministry of Economy, Trade and Industry estimates, the cost of power grid upgrades required for the transition to renewable energy in 2030 will be approximately 51 to 74 billion U.S. dollars. In fact, as early as last year, the Japan Electric Industry Association announced the Japanese version of the " Smart Grid Development Plan " , which aims to apply the smart grid in 2020. The Japanese government, power companies, industry associations, research institutions and equipment Manufacturing companies actively play their own specialties and professional characteristics, actively investing in the research and development of smart grids, and forming a smart grid R&D battle with “ government-civilian collaboration, production, study and research integration ” .

Earlier this year, the Korea Ministry of Knowledge Economy formulated a “ Smart Grid Roadmap ” to promote low-carbon and green growth. It plans to invest 27.5 trillion won (247.5 billion U.S. dollars ) in 2030 to build a nationwide smart grid. Market analysis company Pike Research stated that South Korea will invest up to $ 15.8 billion in local funds from 2009 to 2016 to build smart grid infrastructure.

Almost at the same time, the Indian government has also formulated a restructuring plan called Accelerating Electric Power Development and Reform to strengthen and upgrade the power transmission and distribution in India. The plan will span five years and will require an investment of 10 billion U.S. dollars. In addition, India plans to From 2011 onwards, smart grid trials will be conducted near New Delhi and Mumbai to construct a transmission grid and install smart meters with communication functions, and will be officially promoted in dozens of cities after 2012 based on the test results.

China's smart grid has a high-profile start

According to the report, China and India will account for 75% of the smart grid market in Asia by 2015. Consulting company ZPyrme predicts that this year China will replace the United States and become the largest investor in the smart grid. China plans to develop smart grids for US$ 7.32 billion. This amount has actually surpassed the U.S. funding of US$ 7.09 billion. In fact, China’s research work on the development of smart grids has been done earlier, but it has not formally put forward the concept of smart grid. At present, China has already set up a national scope. Within the strong smart grid, implement a 10- year smart grid blueprint, and the State Grid Corporation allocated RMB 4 trillion ( US$ 585.6 billion ) for the project. The funds will be widely invested in various projects, such as renewable energy storage technology, power transmission Monitoring systems and smart substations. At the same time, it will also fund other technologies, such as electric vehicle charging, automated power distribution, smart meters and electricity consumption information systems. It is expected that the project will be basically completed by 2020 , when it will ensure the power supply and promote energy conservation. Under the circumstances, power transmission will lead China into the digital era.

Earlier this year, China State Grid work conference held in 2010, plans to invest 227.4 billion yuan (33.6 billion US dollars) in power grid construction in 2010, the smart grid will be the focus of investment. Accordance with the objectives outlined in the national grid, a strong intelligence in 2020 After the completion of the power grid, it is necessary to form a strong grid structure with North China, East China, and Central China UHV synchronous grids as the receiving end, northeast and northwest power grids as the transmission end, and connecting all major coal power, hydropower, nuclear power and renewable energy power generation bases across the country. In China's case, building a smart grid can realize nationwide power deployment, so that clean energy can be delivered to places where electricity is needed, real-time deployment of electricity supply and demand can be realized, and the development of clean energy can also be promoted.

Of course, with the increasing environmental pressure, the Asian smart grid market in the future will have more flexibility in the face of huge investment, technical difficulties and new energy strategies. The market analysis company Pike Research predicts that in the coming years, The development of power distribution and transmission automation has the greatest potential, and substation automation and renewable energy management systems also have profit potential. At the same time, NanoMarkets is also confident in the future development of the Asian smart grid market, firmly convinced of the technology, systems and software in the smart grid. On the other hand, Asian smart grid market suppliers have unlimited potential.