| |

Smart Grid Demand Offer Opportunity to Energy Sector

Juniper Research logo 125 x86

Juniper Research logo 400x275November 28, 2021

The key to achieving a more sustainable planet lies in increasing the amount of smart grids on a global level, which opens up new opportunities in the energy sector

A new study from Juniper Research in England estimates global smart grid deployments will lead to annual energy savings of 1,060 terawatt-hours by 2026 — a significant increase from 316 terawatt-hours in 2021. That amount is equivalent to powering over 42 million 90-minute football matches at Wembley stadium.

The research identified increased sustainability and energy security as critical to the appeal of smart grids, with analytics and demand-responsive networks able to have a dramatic impact in a renewables-heavy future. According to the report, vendors that can best combine analytics that deliver operational insights to energy companies, with low-cost sensors and connectivity, will achieve the greatest success.

The new research, Smart Grid: Industry Trends, Competitor Leaderboard and Market Forecasts 2021-2026, found that smart grid software, which analyses energy usage in real-time to enable responsive features for utility companies, will be critical to delivering energy and cost savings. These benefits will drive smart grid software spend to over $38 billion annually by 2026, up from $12 billion in 2021.

Research co-author Damla Sat explained, “To meet ambitious climate targets and lower spiraling operating costs for utility companies, the grid must evolve rapidly into a smart grid. Leveraging connectivity and deploying analytics at scale will be vital in achieving the truly demand-responsive grid that is needed today.”

The research found that smart metering roll-outs are growing, with global smart meters in service set to reach over 2 billion in 2026, up from 1.1 billion in 2021. While this represents growth of just under 95 percent, adoption is very uneven worldwide, with markets including Latin America and Africa & Middle East lagging significantly behind the leaders in Western Europe and the Far East & China. The research recommends that vendors lobby governments to support smart metering roll-outs, or risk falling further behind.

Juniper Research, which provides research and analytical services to the global hi-tech communications sector also has a whitepaper that can be downloaded here

Source

Related Articles


Latest Articles

  • How Lighting Flowers Matters

    How Lighting Flowers Matters

    Looking for a creative way to generate a business opportunity? Give thought to companies that have flowering plants in their facility to beautify space and ask them “would you like your flora to flower better”? Or maybe it’s pursuing the niche of local flower shops? This article in The Produce News highlights a study by… Read More…

  • Contractors, Architects & Designers Share Insights in the 2025 Houzz State of the Industry Report

    Contractors, Architects & Designers Share Insights in the 2025 Houzz State of the Industry Report

    The 2025 U.S. Houzz State of the Industry report – compiled from survey results submitted by 1,537 American residential renovation businesses listed on Houzz – indicates a positive outlook that mirrors the sentiment recently expressed among lighting showrooms, home builders, architects, and kitchen/bath dealers at the January trade shows. According to the report, three out… Read More…