Smart grid sentiment hits all-time high
The results of the FierceSmartGrid/Zpryme Smart Grid Index (SGI) for June are in, revealing that overall smart grid sentiment is at an eight-month high -- up 21 percentage points among utilities.
Since FierceSmartGrid rolled out this research eight months ago, sentiment among smart grid executives has hit an all-time high of 84 percent. A full 84 percent of utilities also expect to submit new smart grid proposals for budget approval within the next 12 months; 48 percent of all respondents expect smart grid hiring to increase over the next 12 months; and 84 percent of utilities expect to submit new smart grid proposals for budget approval. Finally, 19 percent of executives surveyed expect utility smart grid investments to significantly increase over the next 12 months; 17 percent said they expect to spend between $5 and $10 million on smart meters over the next 12 months.
The average sales volume among vendors who closed deals last month was $2.12 million -- down from $11.03 million in May, but 47 percent of the vendors surveyed closed a new deal last month (also an eight-month high).
Overall, the data shows strong industry support for smart grid projects and technologies, but the past two months of data signal that the size of expected investments may not be as large as they were a year or two ago. Therefore, individual utility spending budgets may decrease, on average, but the aggregate amount of utility spending will increase as more utilities start to deploy smart grid technology.
July's survey will be conducted from July 1 to July 23, 2013 and we urge you to get involved in delivering this valuable information to the marketplace. It should take only a minute or two and we thank you in advance for taking the time to participate. -- Barb