India: Smart Grid Legacy
With India recently launching a Smart Grid Task Force and Smart Grid Forum coupled with $900B in investment planned for generation, transmission, distribution and power quality, this nation is set for massive growth. Conversely, several major hurdles remain before the world’s second most populous nation achieves widespread adoption of next generation electrical technology. Research from Zpryme indicates that in 2015 India’s smart grid market will be $1.9 billion. Further, Zpryme predicts the country’s basic electrical infrastructure needs will grow beyond that, totaling $5.9 billion in the same year.
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