Home Articles Market Report: Geospatial Technologies empowering electric utilities

Market Report: Geospatial Technologies empowering electric utilities

Geospatial Market REports - electricity, GIS, Smart Grids, GeospatialAccording to International Energy Agency (IEA), the world electricity demand is projected to increase by 80% during the period 2012-2040. The power sector represents over half of the increase in global primary energy use — a rise comparable to the current North American total energy demand. Non-OECD countries, however, account for the bulk of incremental electricity demand led by China, India, Southeast Asia and the Middle East. The major drivers contributing to this growth is increasing demand, universal access, decarbonising electric power, reducing revenue losses, and grid reliability and resilience. Some of the technologies contributing to this transformation include intelligent devices integrated with a packet-switched communications network (Smart Grid), distributed renewable power generation, energy efficient buildings, and micro grids.

How much foothold a particular technology would gain in a given sector in future depends a lot on where that sector is headed to which in turn can be represented by the present focus of organisations in that sector. For example, if the electricity sector is completely focussed on exploiting the renewables now, it implies that the future holds great potential for technologies which assist in mapping the renewable potential, renewable plants planning, transmission capacity build-up etc. It is great news for stakeholders offering technological solutions relevant to these fields.

The report, “Geospatial Technology for Electricity Industry: Trends and Prospects” by Geospatial Media and Communications indicates the organisational priorities. It looks in to factors related to:

  • Priorities for electric utilities (worldwide)
  • Intregration of Geospatial with Business Processes of Electric Utilities
  • Factors Driving the Adoption of Geospatial Technologies (Worldwide)
  • Smart Grid uptake – status and opportunities
  • Energy Efficient Buildings – how geospatial contributes
  • Challenges in adoption of GIS

Read the complete story here