Smart grid device shipments may triple by 2016
SUBNET Solutions Inc | Thursday, January 05, 2012
As global shipments of smart grid devices like smart meters continue to grow, the associated semiconductor market will also likely see major expansion, according to research conducted by IHS iSupply.
According to New Electronics, the study shows that smart meters will likely be integrated even more so into the smart grid due to their capabilities in saving energy and improving the efficiency of the electrical grid for power utilities.
"The rollout of smart meters is being propelled by government support and regulations," said Jacobo Carrasco Heres, an analyst at IHS. "For example, in the U.S., stimulus money from the Smart Grid Investment Grant (SGIG) program is spurring the replacement of conventional meters with new smart models."
As the smart meter market rises, so will the semiconductor business, the media outlet stated, as it is imperative for metrology and communications within the grid.
According to EurActiv, smart meters will allow utilities to offer lower consumption rates to customers and make grid management a more efficient process.
SUBNET Solutions Inc. helps such utilities in their smart grid deployment journey by offering expertise in substation automation and remote access capabilities.
Substation Automation & Remote Access