Report Highlights
BCC estimates that the U.S. market for smart grid technologies was worth about $23.6 billion in 2010. The market is projected to increase to nearly $23.7 billion in 2011 and $33.1 billion by 2016, a compound annual growth rate (CAGR) of 6.9% over the next 5 years.
Report Scope
The study covers the major enabling technologies for the smart grid, including:
- Communications technologies
- Sensing and measurement technologies
- Advanced components
- Control technologies
- Interface and decision support technologies.
The study format includes the following major elements:
- Executive summary
- Definitions
- Benefits of smart grids
- Smart grid “roadmap”
- Policy, regulatory, and economic environment for the transition to a smart grid
- Enabling technologies for the smart grid
- Developers and suppliers of smart grid–enabling technologies
- Current (2010) and projected market for smart grid technologies through 2016
- Patent analysis.
Analyst Credentials
Andrew McWilliams, the author of this report, is a partner in the Boston-based international technology and marketing consulting firm, 43rd Parallel, LLC. He is the author of the previous edition of this report, as well as several other reports that analyze selected smart grid technologies, such as Energy Management Information Systems: Global Markets (EGY052B); The U.S. Market for Clean Technologies (ENV011A); Superconductors: Technologies and Global Markets (AVM066B); Metamaterials: Technologies and Global Markets (AVM067A); and Advanced Materials and Devices for Renewable Energy (EGY053B). Mr. McWilliams is also the author of several other energy-related BCC reports, including Petroleum Fuel Optimization Technologies (EGY051A); Building the Global Hydrogen Economy: Technologies and Opportunities (EGY055B); and Nanotechnology in Energy Applications (NAN044A).
Report Highlights
- The U.S. market for smart grid technologies was worth $15.3 billion in 2008. This is expected to increase to $17.3 billion in 2009 and $37.4 billion in 2014, for a compound annual growth rate (CAGR) of 16.6%.
- Distributed energy generation and storage technologies generated $10.1 billion in 2008 and an estimated $11.3 billion in 2009. This segment should reach $20.1 billion in 2014, for a CAGR of 12.2%.
- Sensing, measurement and control technologies were worth almost $4 billion in 2008 and will reach an estimated $4.4 billion in 2009. This should increase at a CAGR of 26% to reach $14 billion in 2014.
Related Reports
Photovoltaics: Global Markets and Technologies
Global shipments of photovoltaic cells/modules reached 11,102 megawatts in 2010, and are expected to reach 55,621 megawatts by 2015, a compound annual growth rate (CAGR) of 38%.
Supercapacitors: Technology Developments and Global Markets
The global market for supercapacitors is estimated at $470 million in 2010. Demand for supercapacitors is projected to continue growing at a very healthy rate during the next 5 years, reaching a value of $1.2 billion in 2015, a compound annual growth rate (CAGR) of 20.6%.
Green Technologies and Global Markets
BCC Research predicts that the global market for energy-efficient technologies will grow at an aggregated compound annual growth rate (CAGR) of 9.2% for the 5-year forecast period of 2010-2015, from $200 billion in 2010 to $311.7 billion by 2015, compared to $331 billion for renewable energy.
Wire and Cable: Materials, Technologies and Global Markets
The global cable market is valued at an estimated $127 billion in 2010. This market is expected to increase at a 9.4% compound annual growth rate (CAGR) to reach nearly $200 billion in 2015.
Recent Reports
Biorefinery Products and Applications: Global Markets
The global market for biorefinery products and applications was valued at $715.7 billion in 2023. The market is expected to grow from $775.2 billion in 2024 to nearly $1.2 trillion by 2029, at a compound annual growth rate (CAGR) of 8.8% from 2024 to 2029.
Battery Separators: Global Markets
The global market for battery separators is expected to grow from $8.1 billion in 2024 and is projected to reach $19.0 billion by the end of 2029, at a compound annual growth rate (CAGR) of 18.6% during the forecast period of 2024 to 2029.
Carbon Credits Market: Global Outlook
This report provides an up-to-date analysis of current and future markets for carbon credits and the carbon offsets industry. It presents a thorough and up-to-date global assessment of the market and business of carbon credits. The report also includes a competitive landscape, ESG analysis, and detailed company profiles of leading market players.
Hydrogen Storage: Materials, Technologies and Global Markets
The global market for hydrogen storage materials and technologies is expected to grow from $5.3 billion in 2023 to $7.7 billion by the end of 2028, at a compound annual growth rate (CAGR) of 7.6% from 2023 through 2028.
Global Sustainable Marine Fuel Market
This report provides an overview of the global sustainable marine fuel market. It presents market analysis based on fuel type, vessel type, and region. The report also provides the ESG (environmental, social, and governance) analysis of the sustainable marine fuel industry and the recent activities of the companies on this front.
Top Trending Reports
AI in Clinical and Molecular Diagnostics Market
The global market for AI in clinical and molecular diagnostics is expected to grow from $2.6 billion in 2024 and is projected to reach $8.9 billion by the end of 2029, at a compound annual growth rate (CAGR) of 27.6% during the forecast period of 2024 to 2029.
Point-of-Care Diagnostics: Technologies and Global Markets
The global market for point-of-care diagnostics was valued at $36.9 billion in 2023. It is expected to grow from $40.6 billion in 2024 to $65.9 billion by the end of 2029, at a compound annual growth rate (CAGR) of 10.2% from 2024 through 2029.
Medical Devices: Technologies and Global Markets
The global market for medical devices reached $739.6 billion in 2023. It is expected to grow from $810.4 billion in 2024 to $1.3 trillion by the end of 2029, at a compound annual growth rate (CAGR) of 9.8% from 2024 through 2029.
Global Artificial Intelligence (AI) Market: Investments vs Potential
The global market for artificial intelligence (AI) is estimated to increase from $148.8 billion in 2023 to reach $1.1 trillion by 2029, at a compound annual growth rate (CAGR) of 39.7% from 2024 through 2029.
Global Oncology Pharmaceuticals Market
The global market for oncology pharmaceuticals is estimated to increase from $196.4 billion in 2023 to reach $401.4 billion by 2029, at a compound annual growth rate (CAGR) of 12.7% from 2024 through 2029.
Become A Member
BCC Research offers a comprehensive library of reports, granting members unlimited access to data, insights, and market intelligence for informed business decisions, while actively supporting members in their evolving journeys and prioritizing high-quality, relevant topics based on continuous engagement with the research community.
Find Out MoreCustom Consulting
BCC Research emphasizes the importance of organizations leveraging highly customized market insights aligned with specific strategic business objectives through direct engagement with primary sources and proprietary forecasting models for profitable decision-making in maximizing growth opportunities and minimizing risks.
Customize NowScorecard
The Venture Scorecard provides commercialization offices and decision makers with expert analysis, offering strategic insights crucial for aligning objectives with market realities at various stages of commercializing new products or evaluating investment opportunities, from opportunity assessment to growth planning.
Find Out MoreInnovation Spotlight
Our industry experts offer strategic guidance to maximize the market potential of commercialized products, patents, and IP by providing insights into market trends, competitive dynamics, and effective positioning, using the Innovation Spotlight service for enhanced exposure to thought leaders and the wider community.
Find Out More