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CEE and Turkey Smart Grid Market to Reach $25.2 Billion Over Next 10 Years

April 14, 2015

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Central and Eastern European (CEE) countries, including Turkey, are following the lead of Western European countries with extensive smart grid infrastructure investment. There are already large-scale smart metering rollouts underway, and total investment will be $25.2 billion over the next ten years, peaking at $3.3 billion per year, according to a study published recently by Northeast Group, LLC.

"European Union regulations are driving deployments in the CEE region, just as they are in Western Europe," according to Ben Gardner, president of Northeast Group. "Three CEE countries have already pledged to meet the EU target of 80% smart meters by 2020 and many of the others see smart grid as a key tool for meeting 20-20-20 climate and energy targets. These 20-20-20 targets seek to boost renewable power generation, improve energy efficiency and reduce greenhouse gas emissions."

Several CEE countries have smart grid indicators that are stronger than those in Western Europe, such as higher electricity theft and poor reliability indices. A recent example highlighting this is the massive nationwide blackout that Turkey suffered late last month.

"In many ways, Turkey is the most attractive market in the region. It has the 13th largest electricity meter market in the world, and in some regions electricity losses exceed 50%, largely due to theft. The March 2015 blackout highlighted the weakness of the power infrastructure in the country," added Gardner. "Turkey will follow several EU standards and has previously announced plans to invest as much as $5 billion in smart grid infrastructure."

Among the region's EU-member countries, Estonia, Poland, and Romania have pledged to meet EU smart metering targets, while Slovenia is also on pace to do so. Estonia is already more than halfway through a full rollout. By 2025, 8 of the 11 EU countries will have reached full smart meter penetration.

Several vendors are vying for a significant portion of the growing market. These include international vendors such as ABB, ADD Grup, Elster, Ericsson, GE, IBM, Itron, Kamstrup, Landis+Gyr, LG CNS, NES, Schneider Electric, Sensus, Siemens and Toshiba. There are also several regionally based vendors participating in projects, led by Iskraemeco of Slovenia, Apator of Poland and Elektromed of Turkey.

Information on the report, Central & Eastern Europe and Turkey Smart Grid: Market Forecast 2015 - 2025 is available at

Source: Northeast Group, LLC

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