#SmartGrid market will attain a value of $33.91bn in 2012

$33.91bn is the predicted value of smart grid projects set out in a recent report by Visiongain.

The global smart grid market is expected to experience strong expansion during the following decade. However, the industry faces two crucial issues which remain to be addressed in the coming years: the merging of interoperability standards and more consistent integration of renewable energy into the grid. Once those two obstacles have been resolved large scale deployment of smart grid projects will become reality.

The smart grid market within the Middle East and Africa is currently fairly underdeveloped, however it holds a huge potential for growth during the following decade.

The Smart Electricity conference taking place in Dubai between the 4th and 5th June takes a closer look at the developments currently underway in the Middle East and how the region plans to drive projects forward.  There will be a key focus on solar projects underway in the region with presentations from Majan Electricity, Dubai Electricity and Water Authority and Saudi Electricity Company.

To find out more about this event download the brochure.