The Smart Grid market is entering a new phase of evolution...This will open a new set of opportunities, both for established players and start-ups, in software, services, and smart devices.
Santa Clara, Calif. (PRWEB) May 18, 2011
ConnectivityWeek 2011, one of the world’s largest Smart grid conferences, will address energy’s next innovation engine -- Smart Grid -- from the perspective of utilities and energy consumers. Offering 250 industry-leading speakers, 100+ conference sessions, and dozens of high-tech exhibitors, ConnectivityWeek 2011 will paint a clear picture of this multi-billion-dollar Smart Grid innovation opportunity for the energy, IT, and entrepreneurial communities.
Underscoring this opportunity, the Smart Grid market is anticipated to attract $200 billion in capital investments through 2015, reaching an annual investment of nearly $36 billion in 2013, according to Pike Research.
“As Smart Grid evolves, the market for consumer-facing energy-management technologies will grow,” said Conference Organizer Anto Budiardjo, president, Clasma Events. “The need for demand-side applications will create a booming market for Smart Grid. ConnectivityWeek 2011 will address value propositions, business models, and technologies to enable Smart Grid benefits -- on the grid, and beyond the grid -- from the perspectives of energy innovators, suppliers, and customers.”
A New Set of Business Innovation Opportunities
“The Smart Grid market is entering a new phase of evolution as the industry moves on to key opportunities in the applications arena,” said Clint Wheelock, president, Pike Research. “This shift is requiring Smart Grid technologies for more efficient utility-grid operations, energy management in commercial buildings, smart energy home applications, electric vehicle integration, and more.”
Wheelock continued, “This will open a new set of business opportunities, both for established players and start-ups, in software, services, and smart devices.”
This year’s ConnectivityWeek will address several key areas of Smart Grid growth and innovation opportunity:
- Communications and home energy management: Shipments of Smart Grid communications nodes will rise dramatically from 15 million in 2009 to 55 million by 2016, according to Pike Research. These nodes will cover endpoint categories including smart meters, home area networks (HAN), grid routers, AMI concentrators, and more. HomeConn panel discussions at ConnectivityWeek will address these themes in depth.
- Demand response (DR): Hailed as the “killer app” of Smart Grid, DR revenues are expected to increase from $1.4 billion in 2010 to $8.2 billion by 2020, driven largely by growth in the commercial and industrial (C&I) market, according to Pike. ConnectivityWeek’s DR-Expo will explore today’s most pressing DR issues and opportunities.
- Smart buildings: The market for building energy management systems (BEMS), which are now being integrated with Smart Grid functionality, will generate $10.1 billion in revenue between 2010 and 2016 in the U.S., according to Pike Research. Building automation, energy management, and connectivity will be addressed thoroughly as part of ConnectivityWeek’s four-day BuilConn track.
- Cyber security: Investment in Smart Grid cyber security is picking up pace, and Pike Research forecasts that by 2015, the annual worldwide market spending in this critical sector will reach $1.3 billion. As part of the Critical Issues tracks, the “Smart Grid Cyber Security, Myths and Opportunities” sessions will address this hot industry topic.
“These are just a few examples of the myriad of business and technology opportunities ConnectivityWeek attendees can anticipate,” said Budiardjo. “We look forward to the meaningful discussions that will help give innovators and entrepreneurs a clear picture of Smart Grid opportunities in Santa Clara next week.”
ConnectivityWeek 2011 will address the value propositions, business model, and technologies needed to deliver Smart Grid benefits both on the grid, and beyond the grid. Attending stakeholders will represent both sides of the meter, including: utilities, policymakers, energy consumers, IT, telecom, venture capital, entrepreneurs, and media.
- More Information: http://www.connectivityweek.com/2011/
- Agenda: http://www.connectivityweek.com/2011/#agenda
- Speakers: http://www.connectivityweek.com/2011/#speakers
- Registration: http://www.connectivityweek.com/2011/#registration
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Clasma Events, Inc. specializes in strategic conferences at the center of the worldwide energy discussion. Focusing on Smart Grid, connectivity, and the new energy economy, Clasma’s major events include ConnectivityWeek, GridWeek, and Grid-Interop.
Clasma, GridWeek, ConnectivityWeek, and Grid-Interop are trademarks or registered trademarks of Clasma International Corporation. Other product or service names mentioned herein are the trademarks of their respective owners.
Pike Research is a market research and consulting firm that provides in-depth analysis of global clean technology markets. The company's research methodology combines supply-side industry analysis, end-user primary research and demand assessment, and deep examination of technology trends to provide a comprehensive view of the Smart Energy, Smart Grid, Smart Transportation, Smart Industry, and Smart Buildings sectors. For more information, visit http://www.pikeresearch.com or call +1.303.997.7609.
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