|[March 17, 2014]
Research and Markets: Australia - Smart Infrastructure - Smart Energy Driven by the Internet of Things
DUBLIN --(Business Wire)--
Research and Markets (http://www.researchandmarkets.com/research/8z2kv4/australia_smart)
has announced the addition of the "Australia
- Smart Infrastructure - Smart Energy driven by The Internet of Things"
report to their offering.
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.
Australian Is Right Up With The International Leaders
With a better understanding of the complexity of the transformation o
the electricity industry, the words smart energy' are becoming more
prominent. BuddeComm believes that the term smart grids' is too narrow
and that eventually smart energy' will become the accepted terminology,
especially once the communications developments in national broadband
networks and mobile broadband start to converge with smart grid
Smart energy signifies a system that is more integrated and scalable,
which extends through the distribution system from businesses and homes,
back to the sources of energy. A smarter energy system has sensors and
controls embedded into its fabric. Because it is interconnected there is
a two-way flow of information and energy across the network, including
information on pricing. In addition it is intelligent, making use of
proactive analytics and automation to transform data into insights and
efficiently manage resources.
This links with the telecoms development known as M2M or the internet of
things' (IOT). For this to happen, various functional areas within the
energy ecosystem must be engaged - consumers, business customers, energy
providers, regulators, the utility's own operations, smart meters, grid
operations, work and asset management, communications, and the
integration of distributed resources.
With energy consumption expected to grow worldwide by more than 40% over
the next 25 years, demand in some parts of the world could exceed 100%
in that time. This will produce an increase in competition for
resources, resulting in higher costs. In an environment such as this,
energy efficiency will become even more important.
Quite apart from any increased demand for energy in specific markets,
the move to more sustainable technologies such as electric vehicles and
distributed and renewable generation, will add even more complexity to
operations within the energy sector.
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.
For more information visit http://www.researchandmarkets.com/research/8z2kv4/australia_smart
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