BOULDER, Colo., Jun 08, 2012 (BUSINESS WIRE) -- The smart energyparadigm is gaining traction worldwide, opening a window ofopportunity for transformation. A number of convergent market drivers are leading to expandedavailability and increasing revenue opportunities across the smartenergy continuum. These drivers include the rising costs ofmaintaining the current energy system as well as regulatory andpolicy initiatives in many countries around the world. According to a new report from Pike Research, total revenue fromsmart energy and smart energy storage reached $222 billion in 2011.By 2015, the cleantech market intelligence firm forecasts, totalmarket value will be $420 billion -- an increase of 90% in justfour years. "Our annual report demonstrates that smart energy is no longer aniche market," says research director Kerry-Ann Adamson. |
"Theoverall smart energy market is now growing at such a pace that itrepresents over 10% of the global annual additional capacityforecast by the International Energy Agency between now and 2020."Pike Research defines smart energy as "the range of efficienttechnological options available to providing electricity in adistributed fashion, either for local use or for grid support."Thanks largely to the directed policies of the European Union,Europe represents the largest regional market for smart energytoday. While North America is adding new capacity at the highestrate, it's clear that, if Asia Pacific's current developmenttrajectory holds, then this region will challenge North America interms of its global leadership position in annual capacityadditions. Although North America is heavily reliant on the biofueland biopower sectors for revenue and new installations in the smartenergy sector today, there are a number of exciting underlyinggrowth areas that could create a more sustainable, high value, highgrowth smart energy sector in North America, and indeed globally,by mid-decade. Pike Research's "Smart Energy Annual Report 2012" provides acomprehensive view of the smart energy market across three mainapplication sectors -- renewable energy production, energy storage,and energy conversion devices -- along with 15 key subsectors.
Thestudy examines key market trends and issues in smart energyhotspots around the world and includes profiles of more than 30trendsetting companies in the smart energy space. Revenue andcapacity snapshots are provided by technology and region for 2011and 2013, with key topline forecasts extending through 2015. AnExecutive Summary of the report is available for free download onthe firm's website. Pike Research is a market research and consulting firm thatprovides in-depth analysis of global clean technology markets. Thecompany's research methodology combines supply-side industryanalysis, end-user primary research and demand assessment, and deepexamination of technology trends to provide a comprehensive view ofthe Smart Energy, Smart Grid, Smart Transportation, Smart Industry,and Smart Buildings sectors.
For more information, visit or call +1.303.997.7609. SOURCE: Pike Research CONTACT: Pike Research Richard Martin, +1303-997-7609Copyright Business Wire 2012-0- KEYWORD: United States North America Colorado INDUSTRY KEYWORD: Energy Alternative Energy Coal Oil/Gas Utilities Other Energy Technology Hardware Nanotechnology Other Technology Semiconductor Nuclear SUBJECT CODE: Economic News/Analysis.
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