Virus impact over each market - telecom operators, government agencies and regulators' responses - revised forecasts for the next 5 years.
Last updated: 13 Apr 2016 Update History
Report Status: Archived
Report Pages: 153
Lead Analyst: Paul Budde
Contributing Analyst: Kylie Wansink
This report provides overviews and critical statistical information on the electricity market, as well as detailed information on smart grid, smart meter projects and the key players in this market. It covers the areas where smart grids are going to play an important role such as in the developments in PV (Solar Energy) and smart cars as well as their implications on national infrastructure. Special chapters are dedicated to smart technologies for energy efficiency which depends on having the correct data (big data) from various sources analysed in real time for instant decision making processes. The report also discusses Machine-to-Machine (M2M) communication which is rapidly becoming a key element of smart grids.
Researchers:- Paul Budde, Kylie Wansink
Current publication date:- April 2016 (12th Edition)
There certainly is a lot of interest in the M2M (machine-to-machine) and internet of things (IoT) market in 2016; but we are only seeing what is happening on the surface.
Most of the M2M and IoT activities are taking place unnoticed. For example, all new electronic devices are now IoT devices. Tens of millions of smart meters have already been deployed by the electricity industry, with literally hundreds of millions of them in the pipeline. Healthcare is another key industry. All new hospitals now operate large-scale M2M operations, tracking their equipment with real-time information. Most local governments have invested massively in mapping their assets and this is now being followed up by adding connectivity to these assets – whether it be streetlamps, drainage, sewerage or trees, all are in the process of becoming part of a smart city.
The other critical element for the future of utilities infrastructure is to use the networks with all of the M2M devices connected to it in such a way that it collects the data from these devices, processes that data, and then delivers executable real-time analyses to the users of the M2M services. This development is also known as big data.
Despite the potential advantages of big data, there are still major concerns surrounding privacy. The big data that is floating around somewhere in clouds is becoming increasingly critical to business operations, but very few companies have a good understanding of where their data is at any given time. As well as this, the enormous amount of data that is now collected is placing a real strain on the tools that are used to analyse that data.
Furthermore, there is no doubt that we are in the midst of an energy revolution. Not only is the nature of energy changing from fossil-generated to renewable energy, a complete change is taking place in the distribution structure, with less focus on centralisation and more on distributed energy. 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 models.
By making the electricity grid ‘intelligent’ and adding telecoms to it, the power will eventually shift – away from the electricity companies and to the customers, who will be able to control their energy consumption through smart grids and smart meters with interactive sensors, M2M and IoT devices.
‘Smart’ means communication, and since many countries are addressing the need for broadband networks the smart thing to do would be to roll out fast broadband infrastructure in combination with smart grids and, wherever applicable, other smart infrastructure. In that way, energy efficiency measures can be implemented throughout society and throughout the economy (buildings, transport, cities) with a minimum of extra infrastructure, as a trans-sector approach is based on sharing the infrastructure.
Unfortunately, one of the major obstacles to smart grid uptake continues to be the lack of good government policies. With all the knowledge we now have, it would be criminal if this generation were to allow vested interests to prevent us from developing trans-sector policies and holistic initiatives to address energy and environmental concerns. We need to break down those silos and force cooperation between the sectors wherever possible.
There is also a shift away from the traditional centralised energy systems to more distributed models and in this respect we see real leadership coming from local councils and local communities. The smart city movement could well take over where federal and state policies are failing.
As you know, I have resigned from the Labor Ministry and have decided not to re-contest the seat of Charlton at the next election – both for personal reasons.
Before leaving Parliament, I particularly wish to record my thanks to you for your generous and constructive participation in the deliberations that generated significant economic policy reforms for the Australian community. Continuous economic transformation is a key challenge that faces all Governments.
The development of sound public policy should always be contestable. Ultimately, good and equitable outcomes are not concessions to any particular interest group, but the careful balancing of interests to create the greatest possible benefit for the nation. You have contributed to that, and I sincerely thank you for it.
Greg Combet, Former Minister for Climate Change, Industry and Innovation
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