Development smart grids Spain - Futured

Development smart grids Spain. FutuRed - BCGSmart grids will help develop the Spanish technology sector and the sale of goods and servicesabroad. New business opportunities will appear for the technology sector, with a growing demandfor smart elements, both physical (power electronics, new materials, sensors...) andnon-physical (information and communications systems), which will need to be satisfied.Spanish technological companies could capture part of this potential market, estimated at€1,200M - 2,000M a year, and seek to gain a market share between 3 and 5% in those countrieswith a more favorable environment to sell Spanish goods and services like other Europeancountries, Latin America and North America.The technological evolution that will take place in the field of smart grids in the next few yearswill be decisive for their future development, since it will determine the predominant standards,technologies and business models. Spain can take advantage of the effort that is being made interms of research in order to lead the implementation and development of the industrialization stage.As an example of the Spanish leadership in the field of smart grids, our country is participatingin more than 30 research projects related to smart grids, becoming the third Europeancountry that puts forth more research efforts, only behind Denmark and Germany.Figure 2: Participation in smart grid research projects at European levelNumber of smart grid projects in Europe per countrySource: European Commission10