From one perspective, it could be said that smart grids offer the electrical equivalent of giving customers the vote, providing them with the tools to exercise greater control over the way they use electricity. However, experience throughout some regions has shown that consumers are unaware of how to take advantage of these changes. Indeed, most customers fail to recognize these new tools as something they want or need. Nonetheless, as was noted, no one asked for a BlackBerry before it was invented.
The number of industries and the consumers in this world are increasing day by day. The power demand for fuelling them will also increase exponentially. Smart grid technology could be the answer for all the problems of power delivery system that the grids across the world are facing today. Smart grid uses the principle of digital technology with power grids to estimate the varied demand and effectively supply without wasting power. This will reduce the dependency of the world on fossil fuels. It will make the power grids sustainable, efficient and reliable.
Developed countries like United States and United Kingdom have already systems in place and are using this technology to reduce the loss of power. In United Kingdom alone the projected savings are to be $20 billion by 2050 and in United States the savings would be between 46 and 117 billion dollars over the next 20 years.
There are various concerns with smart grid technology which include the cost of setting up, privacy concerns and the problem of various systems to work together. With major IT companies like Cisco coming in and innovations in sensors the future of smart grid network looks promising.
Smart grid uses smart meters instead of the mechanical meters to record the power consumed in real time. It also provides a means of communication to interact with the generation plants. The advanced sensors used in this help to avoid congestion and give the grid stability. By using systems like supervisory control and data acquisition (SCADA), fiber optics, energy management systems, and wireless mesh networks the communications between the consumer and the supply station it will help to provide real time control of power supply and also data flow.
2. Research Methodology
3. Africa Smart Grid Market Overview
4. Market Dynamics
4.1.1 Increasing Power demand
4.1.2 Growing renewables Market
4.1.3 Emission Control Norms & Environental Concerns
4.2.1 Network Security Concerns
4.3.1 Scope for New Technology innovations
5. Africa Smart Grid Market Analysis by Technology
5.1.2 Market Size and Forecast
5.2 Advanced Meter Infrastructure
5.2.2 Market Size and Forecast
5.3 Smart Transmission and Distribution Equipment
5.3.2 Market Size and Forecast
5.4 Software & Hardware
5.4.2 Market Size and Forecast
5.5 Communication & Wireless Equipment
5.5.2 Market Size and Forecast
5.6.2 Market Size and Forecast
6. Africa Smart Grid Market Analysis by Country
6.3 South Africa
7. Key Company Analysis
7.1 ABB Ltd.
7.2 Schneider electric
7.3 General Electric
7.8 Silver Spring Networks
7.9 S&C Electric Company
8. Competitive Landscape
8.1 Mergers & Acquisitions
8.2 Joint Ventures, Collabrations and Agreements
8.3 Market Share Analysis