US Smart Grid Roll-Out: Forging Ahead

US Smart Grid Roll-Out: Forging Ahead

Summary

The implementation of smart grid technologies in the US has gathered momentum with substantial endorsement from the federal government. The Barack Obama-led government has come up with specific policy measures to aid the implementation of smart grid. The ongoing recession has had a negative impact on the US economy resulting in large-scale job losses. The smart grid has the ability to create new jobs as it opens up new market segments in power lines, communication technologies, smart meters, and related others. The possibility of new markets opening up has drawn the attention of US policy makers as it will have a significant effect on the revival of the US economy. Smart grid roll-out has already generated significant interest among global industry majors such as General Electric Corporation and ABB Inc. The grant of $11 billion for smart grid related programs has set the ball rolling. Smart grid implementation will continue in the coming years despite certain challenges as the benefits far outweigh the disadvantages.

Scope

- Top level market sizing of the smart grid market in the US
- Key trends and opportunities within this market
- Key challenges to market growth

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Table of Contents

1 Table of Contents 2
1.1 List of Tables 3
1.2 List of Figures 4
2 GlobalData Viewpoint 5
2.1 Summary 5
3 US Smart Grid Roll-Out: Forging Ahead 6
3.1 Energy Independence 6
3.2 Creation of Jobs 8
3.3 Pro-Environmental Government 9
3.3.1 Enabling Legislations 9
3.3.2 Majority in both the houses of US Congress 9
3.4 Economic Recovery 10
3.5 Vulnerability of Legacy Grids 10
3.6 Lobbying by Special Interest Groups 10
3.7 Long Term Projects 11
3.7.1 Change in Governments 11
3.7.2 Future Uncertainties 11
4 Appendix 12
4.1 Methodology 12
4.2 Definitions 13
4.2.1 Units of Measure 13
4.3 Contact Us 13
4.4 About GlobalData 13
4.5 Disclaimer 13
List of Tables

1.1 List of Tables
Table 1: US, Oil Import Trend (in Billion barrels), 2004-2008 7
Table 2: US, Job Creation Potential of Smart Grid (in ‘000), 2009-2015 8
List of Figures

1.2 List of Figures
Figure 1: US, Oil Import Trend (in Billion barrels), 2004-2008 7
Figure 2: US, Job Creation Potential of Smart Grid (in ‘000), 2009-2015 8
Figure 3: GlobalData Methodology 12