Energy is a prominent foundation of modern cities—three-quarters of energy consumption worldwide goes to cities—and their development into smarter communities. It has become increasingly clear that smart grids are able to transform the energy industry, as well as a much broader group of industries including IT, telecommunications, white goods, renewables, storage, transport—and the list goes on. It is time to dive deeper into the role of energy in building smart cities.

The market for smart cities is just beginning to take off, and now is the time to learn about the opportunities in this burgeoning market. Zpryme’s market outlook and forecast report, The Role of Energy in Smart Cities, provides you with the tools you need to get started with understanding the global smart city market opportunities.

Leveraging its knowledge of global efforts, along with its modeling expertise and global industry survey work, Zpryme delivers detailed information about:

  • The definition of smart cities from across the globe
  • The role of energy in smart cities—with a focus on transportation
  • Regulations, policies and government initiatives driving smart cities investments
  • Key smart cities players and solutions
  • Projections for market growth between now and 2021

The report and forecasts explore these changes on a global level, with a focus on the North American, Asia Pacific and European markets.

Key Highlights

  • The global smart cities market is expected to grow from $309 billion in 2014 to $1.2 trillion by 2021, at a CAGR of 18% during 2014-2021.
  • The global smart electric meter market will reach $10.7 billion by 2020. Annual growth will be relatively low between 2012 and 2020—below 3%. By 2020, the global installed base of smart meters will be just under 1 billon.
  • The worldwide electric vehicle market is forecasted to grow from just over 700,000 vehicles in 2014 to more than 12 million vehicles in 2021. That means an average annual grow rate of 66%.
  • The worldwide EMS market is forecasted to grow from $7.7 billion in 2013 to $24.2 billion in 2021. That means an average annual grow rate of 15%.

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[expand title=”Additional Details”] Market Forecasts

  • Smart City Market Value Forecast, 2013 – 2021
  • Smart Meter Market Value Forecast by Region, 2012 – 2020
  • EV Sales Volume Forecast by Region, 2013 – 2021
  • EMS Market Value Forecast by Region, 2013 – 2021

Regions Included

  • North America
  • Central & South America
  • Europe
  • Asia Pacific
  • Rest of world

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