1. Market Research
  2. > Energy & Environment
  3. > Energy Market Trends

Australian Smart Energy Market

  • March 2017
  • 42 pages
  • Paul Budde Communication Pty Ltd
Report ID: 3706767

Summary

Table of Contents

Search Inside

With a better understanding of the complexity involved in the transformation of the electricity industry the words smart or future energy’ are becoming more prominent. BuddeComm believes that the term smart grids’ is too narrow and that smart energy’ is better suited especially once the communications developments in national mobile and fixed broadband networks start to converge with smart grid developments. Smart grids unfortunately have become synonymous with smart meters, again leading to too narrow a view on this market.

Smart energy signifies a system that is more integrated and scalable, and which extends through the distribution system from businesses and homes and back to the sources of energy. Developments at the edge of the network will increasingly determine its future direction. A smarter energy system has sensors and controls embedded into its fabric. Because it is interconnected there is a two-way flow of information and energy across the network, including information on pricing. In addition to this it is intelligent, making use of proactive analytics and automation to transform data into insights and to efficiently manage resources.

This links with the telecoms development known as M2M or the internet of things’ (IoT). For this to happen various functional areas within the energy ecosystem must be engaged consumers; business customers; energy providers; regulators; the utility’s own operations; smart meters; grid operations; work and asset management; communications; and the integration of distributed resources.

With energy consumption expected to grow worldwide by more than 40% over the next 25 years demand in some parts of the world could exceed 100% in that time. This will produce an increase in competition for resources, resulting in higher costs. In an environment like this energy efficiency will become even more important.

Quite apart from any increased demand for energy in specific markets, the move to more sustainable technologies for example, electric vehicles and distributed and renewable generation will add even more complexity to operations within the energy sector. As was again confirmed at the COP21 in Paris, technological innovations will have to play a larger role in climate change adaptation.

Concerns about issues such as energy security, environmental sustainability, and economic competitiveness are triggering a shift in energy policy, technology and consumer focus. This, in turn, is making it necessary to move on from the traditional energy business model. Renewable energy, linked to distributed energy systems and battery storage, is going to be the game-changer here.

As a consequence electricity utilities could end up in a spiral of death’ situation similar to that of the companies that invested in the building of the internet infrastructure they may own the means of delivering electricity and associated services, but may not be able to take advantage of the new business opportunities that will arise. This will limit their opportunities for future growth. Instead companies should develop a vortex of opportunities’.

Another problem will surface when, due to users reducing consumption and producing energy themselves through energy efficiency strategies, the traditional pricing models become inadequate in terms of maintaining the energy infrastructure.

The potential for transformation of the energy industry to smart energy is still at a very early stage. Valuable advances have already been made in some areas but consensus needs to be reached regarding a collective approach to interoperability and technical standards.


Key Developments:
Smart cities, smart communities, smart buildings, connected communities, M2M, drones, IoT, big data, data centres, cloud computing, smart grids, broadband, smart meters, smart homes, EV, PV, batteries, storage, 4G, 5G.

Organisations mentioned in this report:
NEM, NBN, AGL, Google

Get Industry Insights. Simply.

  • Latest reports & slideshows with insights from top research analysts
  • 60 Million searchable statistics with tables, figures & datasets
  • More than 25,000 trusted sources
  • Single User License — provides access to the report by one individual.
  • Department License — allows you to share the report with up to 5 users
  • Site License — allows the report to be shared amongst all employees in a defined country
  • Corporate License — allows for complete access, globally.

Veronica helps you find the right report:

Testimonials

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

We were impressed with the support that ReportLinker’s research specialists’ team provided. The report we purchased was useful and provided exactly what we want.

Category Manager at
Ikea

ReportLinker gave access to reliable and useful data while avoiding dispersing resources and spending too much time on unnecessary research.

Executive Director at
PwC Advisory

The customer service was fast, responsive, and 100% professional in all my dealings (...) If we have more research needs, I'll certainly prioritize working with ReportLinker!

Scott Griffith

Vice President Marketing at
Maurice Sporting Goods

The research specialist provided prompt, helpful instructions for accessing ReportLinker's product. He also followed up to make sure everything went smoothly and to ensure an easy transition to the next stage of my research

Jessica P Huffman

Research Associate at
American Transportation Research Institute

Excellent customer service. Very responsive and fast.

Director, Corporate Strategy at
Ingredion

I reached out to ReportLinker for a detailed market study on the Air Treatment industry. The quality of the report, the research specialist’s willingness to solve my queries exceeded my expectations. I would definitely recommend ReportLinker for in-depth industry information.

Mariana Mendoza

Global Platform Senior Manager at
Whirlpool Corporation

Thanks! I like what you've provided and will certainly come back if I need to do further research works.

Bee Hin Png

CEO at
LDR Pte Ltd

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

Purchase Reports From Reputable Market Research Publishers

Power Distribution Unit Market, Banking, Financial Services & Insurance, Healthcare, Government, and Energy - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2016 - 2024

  • $ 5795
  • Industry report
  • April 2017
  • by Transparency Market Research

Global Power Distribution Unit Market: Overview This report provides strategic analysis of the global Power Distribution Unit (PDU) market. The scope of the report includes competitive analysis of various ...

Offshore Wind Energy Market - Asia Pacific Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017 - 2025

  • $ 5795
  • Industry report
  • May 2017
  • by Transparency Market Research

Asia Pacific Offshore Wind Energy Market: Overview Wind power generation is the extraction of kinetic energy from the wind and its conversion into any useful type of energy such as thermal, mechanical, ...

Lithium Ion Cell and Battery Pack Market, Automotive, Medical, Grid Energy, and Industrial - Global Industry Analysis Size Share Growth Trends and Forecast 2017 - 2025

  • $ 5795
  • Industry report
  • June 2017
  • by Transparency Market Research

Global Lithium Ion Cell and Battery Pack Market: Scope of Study The key players in the lithium ion cell and battery pack market have been competitively profiled across the five broad geographic regions. ...


ref:plp2017

Reportlinker.com © Copyright 2017. All rights reserved.

ReportLinker simplifies how Analysts and Decision Makers get industry data for their business.