Utilities and governments across the Asia Pacific region are investing heavily in smart grid technologies, according to Pike Research (News - Alert).

The research firm indicates that investment in smart transmission and distribution technologies in Asia Pacific will total $123 billion by 2017.

Pike Research's report, "Smart Grid in Asia Pacific" also shows that cumulative revenue from transmission upgrades will total $93 billion between 2010 and 2017.

This trend is picking up as businesses want to reduce the ratio of electricity consumption to economic output, cut overall greenhouse gas emissions via demand management, and encourage energy efficiency.

Governments in China, Japan, South Korea, India, and other APAC nations are now seeing transitioning to a smart grid as a key goal of national energy policy. Findings from the research show that cumulative revenue from smart transmission and distribution (T&D) systems will hit $123.3 billion.

This figure represents 72 percent of all APAC smart grid investment over that period.

"Smart Grid in Asia Pacific" provides an in-depth analysis of market drivers, business models and applications, and technology issues for the development of the smart grid in key markets within the Asia Pacific region.

"Market potential for the smart grid in APAC is directly related to China's huge investments in installing the essential components of power infrastructure over the next decade," said senior analyst Andy Bae. "And China's smart grid commitments are closely related to the country's urgent power imbalance issues. China is attempting to solve these problems via the full completion of transmission capabilities."

Read a related article at TMCnet “Smarter Utility - Smarter Utility Community Launches on TMCnet's Smart Grid Site.”