Smart cities and communities are evidently a huge market opportunity for companies in the smart grid value chain such as utilities, and vendors of high-tech, software and wireless communication and electronic devices and systems. According to Zpryme, the Asia market for smart city projects is expected to expand from $55.6 billion in 2013 to $260.0 billion in 2020.
With China’s future “smart cities” being a main driver of its urbanization process and the recent Japanese stimulus package clicked for download, many more smart cities and communities such as those described in this report are planned, and are likely to continue to be announced in Asia since having a diverse range of pilot projects is such an important and necessary step in the testing and planning phase of smart grid implementation.
Download, Asian Smart City Snapshot, today to see Zpryme’s top insights that focus on the outlook for industry players and potential entrants in the Asian smart city market space.
For a more-granular look at the Asian smart grid market email Zpryme at smart.grid@zpryme.com, subjectline: “SGI Custom”
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