[Smart Grid Market Research] Smart Grid Index: November 2012 - Zpryme Smart Grid Insights

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The first month’s results of the Smart Grid Index (SGI) show that Smart Grid industry executives have a very positive view of future opportunities for Smart Grid technologies. Utilities were less pessimistic than those in the total sample both for total expenditures and the hiring of new personnel. Almost half of the vendors surveyed closed a new deal last month, while 75% of utilities expect to submit new Smart Grid proposals for budget approval over the next 12 months. Additionally, 79% of respondents believed that Smart Grid technologies could have helped restore power faster after Hurricane Sandy hit the Northeast U.S. This study was conducted by Zpryme and FierceSmartGrid by surveying 240 smart grid executives from November 1st to November 7th of 2012. The survey was conducted online. Please note that percentages may not add up to 100 due to rounding. Three groups were used to inspect for differences: vendors (70% of sample), utilities (10% of sample), and total sample. The data are presented in figures 1 through 9 in this report. Download

Text of [Smart Grid Market Research] Smart Grid Index: November 2012 - Zpryme Smart Grid Insights

  • SMART GRID INDEX

    INTELLIGENCE BY ZPRYME | ZPRYME.COM 2012 ZPRYME RESEARCH & CONSULTING, LLC. ALL RIGHTS RESERVED.

    SMARTGRIDRESEARCH.ORG INTELLIGENT RESEARCH FOR AN INTELLIGENT MARKETTMSMART GRID INSIGHTS

    NOVEMBER 2012

    SGI: NOVEMBER

  • 1 [SGI] ZPRYME SMART GRID INSIGHTS Smart Grid Index| November 2012

    Copyright 2012 Zpryme Research & Consulting, LLC All rights reserved. www.zpryme.com | www.smartgridresearch.org | www.fiercesmartgrid.com

    Table of Contents

    Executive Summary ................................................................. 2

    Methodology .......................................................................... 2

    Smart Grid Sentiment ............................................................... 3

    Expected Utility Expenditures over the Next 12 Months....... 4

    Sales/Expenditures over the Last 12 Months ......................... 5

    Sales/Expenditures over the Next 12 Months........................ 6

    Expected Staff/Jobs over the Next 12 Months ...................... 7

    New Deals Closed Last Month ................................................ 8

    Expected Proposals Submitted over the Next 12 Months .... 9

    Hurricane Sandy: Smart Grid Impact on Outages ............. 10

    Respondent Industry Representation ................................... 11

    About The Smart Grid Index ................................................. 11

  • 2 [SGI] ZPRYME SMART GRID INSIGHTS Smart Grid Index| November 2012

    Copyright 2012 Zpryme Research & Consulting, LLC All rights reserved. www.zpryme.com | www.smartgridresearch.org | www.fiercesmartgrid.com

    Executive Summary

    The first months results of the Smart Grid Index (SGI) show that Smart Grid industry executives have a very positive

    view of future opportunities for Smart Grid technologies.1

    Utilities were less pessimistic than those in the total sample

    both for total expenditures and the hiring of new

    personnel. Almost half of the vendors surveyed closed a

    new deal last month, while 75% of utilities expect to submit

    new Smart Grid proposals for budget approval over the

    next 12 months. Additionally, 79% of respondents believed

    that Smart Grid technologies could have helped restore

    power faster after Hurricane Sandy hit the Northeast U.S.

    Methodology This study was conducted by Zpryme and FierceSmartGrid

    by surveying 240 smart grid executives from November 1st

    to November 7th of 2012. The survey was conducted

    online. Please note that percentages may not add up to

    100 due to rounding. Three groups were used to inspect for

    differences: vendors (70% of sample), utilities (10% of

    sample), and total sample. The data are presented in

    figures 1 through 9 in this report.

    Decembers Survey Decembers survey will be fielded from December 3rd to December 10th of 2012. The results will be released on

    December 13th. Utilities and Smart Grid vendors are

    encouraged to participate. If you would like to take the

    monthly survey please send an email to sgi@zpryme.com.

    1 The SGI is developed by Zprymes Smart Grid Insights and FierceSmartGrid.

    November 2012 Smart Grid Index Results

    Overall Sentiment

    71% currently have a positive view of the Smart

    Grid.

    Expected Utility Investments

    31% expect utility Smart Grid related investments

    to significantly increase over the next 12 months.

    Current Sales/Expenditures

    60% said their Smart Grid related sales or

    expenditures have increased over the last 12

    months.

    Expected Sales/Expenditures

    71% expect their Smart Grid related sales or

    expenditures to increase over the next 12

    months.

    Hiring

    56% expect the number of staff in Smart Grid

    related roles to increase over the next 12

    months.

    Deals Closed

    45% of vendor respondents said they closed

    new Smart Grid related deals last month.

    New Proposals

    75% of utility respondents plan to submit new

    Smart Grid proposals for budget approval over

    the next 12 months.

  • 3 [SGI] ZPRYME SMART GRID INSIGHTS Smart Grid Index| November 2012

    Copyright 2012 Zpryme Research & Consulting, LLC All rights reserved. www.zpryme.com | www.smartgridresearch.org | www.fiercesmartgrid.com

    Smart Grid Sentiment

    Seventy-one percent of the total sample were positive about the global Smart Grid industry, with vendors more positive

    (78%) than utilities (60%). However, only small percentages across all three groups were negative (ranging 6% to 10%).

    (figure 1, source: Zpryme/FierceSmartGrid November 2012 Smart Grid Index Survey)

    71% 60%

    78%

    7%

    10%

    6%

    21% 30%

    16%

    0%

    10%

    20%

    30%

    40%

    50%

    60%

    70%

    80%

    90%

    100%

    All Respondents Utilities Vendors

    What is your current view of the global Smart Grid industry?

    Neutral

    Negative

    Positive

  • 4 [SGI] ZPRYME SMART GRID INSIGHTS Smart Grid Index| November 2012

    Copyright 2012 Zpryme Research & Consulting, LLC All rights reserved. www.zpryme.com | www.smartgridresearch.org | www.fiercesmartgrid.com

    Expected Utility Investments/Expenditures over the Next 12 Months Compared to utilities, vendors are more optimistic about global utility expenditures on Smart Grid technologies as 33% of

    vendors said they expect investments to increase significantly over the next 12 months (vs. 25% for utilities). However, almost

    half of all respondents, utilities, and vendors, expect utility expenditures to increase at least a little over the next 12 months.

    (figure 2, source: Zpryme/FierceSmartGrid November 2012 Smart Grid Index Survey)

    31% 25%

    33%

    46% 50%

    49%

    14% 10%

    12%

    6% 15% 5%

    0%

    10%

    20%

    30%

    40%

    50%

    60%

    70%

    80%

    90%

    100%

    All Respondents Utilities Vendors

    Over the next 12 months, global utility investments or

    expenditures on Smart Grid Technologies are expected to:

    Decrease

    significantly

    Decrease a

    little

    Stay the same

    Increase a little

    Increase

    significantly

  • 5 [SGI] ZPRYME SMART GRID INSIGHTS Smart Grid Index| November 2012

    Copyright 2012 Zpryme Research & Consulting, LLC All rights reserved. www.zpryme.com | www.smartgridresearch.org | www.fiercesmartgrid.com

    Sales/Expenditures over the Last 12 Months Over the past 12 months, the majority of all three groups had increased their Smart Grid sales and/or expenditures. The total

    sample and vendors reported small decreases (both at only 6%), while utilities reported no decrease in Smart Grid related

    expenditures.

    (figure 3, source: Zpryme/FierceSmartGrid November 2012 Smart Grid Index Survey)

    60% 61% 65%

    34% 39% 29%

    6% 6%

    0%

    10%

    20%

    30%

    40%

    50%

    60%

    70%

    80%

    90%

    100%

    All Respondents Utilities Vendors

    Over the past 12 months, my company's Smart Grid

    related sales and/or investments (or expenditures) have:

    Decreased

    Stayed the

    same

    Increased

  • 6 [SGI] ZPRYME SMART GRID INSIGHTS Smart Grid Index| November 2012

    Copyright 2012 Zpryme Research & Consulting, LLC All rights reserved. www.zpryme.com | www.smartgridresearch.org | www.fiercesmartgrid.com