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Study: Western Europe to invest $133.7 billion in smart grid infrastructure by 2027
[June 13, 2017]

Study: Western Europe to invest $133.7 billion in smart grid infrastructure by 2027


WASHINGTON, June 13, 2017 /PRNewswire/ -- Western Europe is now in the process of massive power grid modernization investments to underpin its position as one of the global leaders in promoting energy efficiency and renewable energy development. These "smart grid" infrastructure investments are led by large-scale smart metering projects already underway and upcoming investments in distribution automation, battery storage and information technology. In total, Western Europe will invest $133.7 billion in smart grid infrastructure through 2027, according to a new study published today by Northeast Group LLC.

"Western Europe has long been a global smart grid leader and is solidifying this position with large-scale smart meter deployments in countries such as France and the UK," according to Ben Gardner, president of Northeast Group. "The large German market has been slower to develop but is now getting a boost with new regulations and early leaders Italy and Sweden are set to begin their first replacemen cycle of smart meters. As a result, there will be billions of dollars of smart grid infrastructure investment in the region over the next decade."

Smart grid deployments are driven primarily by EU regulations, which require most countries to deploy smart meters to 80% of residential customers by 2020. Northeast Group projects that Western Europe as a whole will reach 67% penetration by 2020, with 12 countries meeting the 80% mandate. The EU has recently increased its renewable energy and emissions reductions goals and will need to invest in a wide range of smart grid infrastructure to ensure that European grids can handle these challenges. Distribution automation and renewable energy integration will be of particular importance and will be the largest overall smart grid segment.

Both European and international vendors have won significant contracts in the market. The current leading European vendors include Aidon, Ericsson, Iskraemeco, Kamstrup, Landis+Gyr, Sagemcom, and Ziv, and international vendors include Aclara, EDMI, Honeywell, Itron, Sensus and Silver Spring Networks. Kaifa is also active, demonstrating opportunities for Chinese vendors in the region.


Western Europe Smart Grid: Market Forecast (2017-2027) is 165 pages long and includes an executive summary slide deck and a dataset in Excel with quantitative forecasts. To order a copy of the study, please visit: www.northeast-group.com

ABOUT: Northeast Group LLC is a Washington, DC-based smart infrastructure market intelligence firm.

To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/study-western-europe-to-invest-1337-billion-in-smart-grid-infrastructure-by-2027-300473440.html

SOURCE Northeast Group, LLC


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