EU Energy Directives to Invigorate Chemicals and Materials Market in Smart Grid Infrastructure, Says Frost & Sullivan

EU Energy Directives to Invigorate Chemicals and Materials Market in Smart Grid Infrastructure, Says Frost & Sullivan PR Newswire LONDON, Oct. 30, 2012 -Anticipated capacity growth in renewable energy to provide further demand impetus LONDON, Oct. 30, 2012 /PRNewswire/ -- Pushed by EU Commission directives and projected capacity growth in renewable energy generation, the European chemicals and materials market in smart grid infrastructure is poised for high growth. New analysis from Frost & Sullivan (http://www.chemicals.frost.com), Chemicals and Materials Market in Smart Grid Infrastructure, finds that the market earned revenues of $19.7 million in 2010 and estimates this to reach $105.2 million in 2017. The research covers materials for smart e-meters, materials for high voltage (HV), extra high voltage (EHV), and high voltage direct current (HVDC) subsea and underground cables and, chemicals and materials for large- scale Li-ion battery storage systems. The EU's Climate and Energy Policy mandates that by 2020, all member countries should achieve a 20 per cent reduction of green house gas production, increase renewable energy contribution to 20 per cent of the EU's total requirement and reduce total energy consumption by 20 per cent.