The cumulative smart grid market in China, Japan and South Korea is to increase to US$19 billion by 2016, from the present US$8.5 billion. This is according to GTM Research’s latest market report, The Smart Grid in Asia, 2012-2016: Markets, Technologies and Strategies.

Kamil Bojanczyk, the report’s lead author and an analyst-at-large with GTM Research, said last month: “We expect to see the smart grid in Asia move forward at a breakneck pace. Over $45 billion in funding has been earmarked by governments and utilities across China, Japan and South Korea, with the clear majority of those funds and opportunities originating in the Chinese market.”

via Smart grid market in China, Japan and South Korea to surge to US$19 billion | Green Prospects Asia – Connecting Sustainable Businesses.

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