As global markets develop and the world’s middle class grows at an unprecedented rate, opportunities to drive economic growth in the United States through expanded export sales abroad are also on the rise. With approximately 1.7 billion additional people expected to be connected to electric grids around the world by 2030, the opportunities for suppliers of electricity infrastructure and services are expected to be particularly robust. Under the Renewable Energy and Energy Efficiency Export Initiative (RE4I), the U.S. Department of Commerce’s International Trade Administration (ITA) committed to develop tools that will help U.S. companies make strategic decisions and prioritize resources in their efforts to capture export gains in growing energy markets. This report delivers on this commitment for the smart grid sector: it is meant to inform U.S. smart grid suppliers and service providers of key trends, areas of opportunity, and important challenges impacting the development of international smart grid markets through 2015.
This report is part of the Top Markets Series. Each report ranks future export opportunities within a particular industry based on a sector-specific methodology.
Drew Bennett served as the lead author of this report. Critical insights on all the markets mentioned in the report were provided by in-country Commercial Service energy sector specialists. Julian Richards and staff from ITA’s Office of Trade Policy and Analysis played an indispensable role in developing the methodology and gathering key data for the study. Reviewers and editors included staff from ITA’s Global Markets unit, the U.S. Trade and Development Agency, the Department of Energy’s Office of International Affairs, and the State Department’s Bureau of Energy Resources.