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Smart Grid Reality in Asia to be Discussed in Singapore Conference

Written By David D'Angelo on Tuesday, May 25, 2010 | 5/25/2010

Smart Grid Reality and the role of Smart Grid in Asia's energy future are one of the main topics to be discussed at the Clean Energy Expo and Conference Asia on November 2-4, 2010. The conference will be held at the International Convention & Exhibition Centre in Singapore.

The world market for smart grid is expected to surge from $69.3 billion in 2009 to about $171.4 billion by 2014 based on data gathered by Zpryme.

Analysts also estimates that in China alone around $100 billion could be spent in upgrading its power distribution to convert to the new Smart grid system. The restructuring is expected to be completed over the next 10 years.

In Japan and Korea, smart grid investments are also gearing up. Both countries will ear-mark spending of about $800 million this year and is expected to increase in the succeeding years.

A smart grid is a system where electricity users become both consumer and supplier. The system uses two-way digital technology to control appliances at consumers' home to save energy, reduce cost and increase reliability and transparency.

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