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Canada: Canada: Smart grid market to reach a value of $33.91bn in 2012, according to a study

Published at: Apr 23, 2012
source: Global ENERGY World

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Smart grid technology is a concept which combines traditional grid infrastructure and advanced internet technology in order to enhance the efficiency of electricity supply and to decrease consumption by giving real-time information. Expectations are that its market will greatly expand throughout the coming decade if it can overcome its two crucial obstacles: It needs to integrate renewable energy more consistently int the grid and merge its interoperability standards. PArt of this new research is a calculation showing that the market for smart grids will total $33.91 billion worldwide in the year 2012.



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