Smart Grid Market, Frost & Sullivan Identifies the Fastest-growing Sectors in Europe

Smart Grid Market, Frost & Sullivan Identifies the Fastest- growing Sectors in Europe PR Newswire LONDON, Dec. 5, 2012 -- Protection of consumer information and proper privacy laws will be critical to promoting smart meter rollout LONDON, Dec. 5, 2012 /PRNewswire/ -- The past 2-3 years have witnessed an increasing interest in smart grids and smart energy. Smart grids are seen as key to addressing the intensifying demand for high-quality power and greater energy-efficiency. Smart meters are considered to be the first step towards smart grid implementation. The smart meter rollout in Europe is well underway, boosted by the European Union legislation to achieve 80 per cent coverage by 2020. Sweden and Italy had full scale penetration in 2010, while Finland, Norway, and Denmark are likely to achieve their targets by 2016. New analysis from Frost & Sullivan (http://www.energy.frost.com), Smart Grids in Europe – Identification of Key Growth Opportunities, identifies five of the fastest-growing sectors within the European smart grid market including advanced metering infrastructure (AMI), integration of distributed generation, sensors and advanced transmission technologies and electric vehicles. "The success of the smart meter rollout in Europe is largely due to the regulatory push," noted Frost & Sullivan Energy & Power Supplies Research Manager Malavika Tohani.