Smart Grid Communication Node Market – Global Industry Analysis and Forecast (2023-2029)

Global Smart Grid Communication Node Market size is expected to reach nearly US$ 212.29 Bn. by 2029 with the CAGR of 21% during the forecast period. The report includes an analysis of the impact of COVID-19 lockdown on the revenue of market leaders, followers, and disruptors. Since the lockdown was implemented differently in various regions and countries; the impact of the same is also seen differently by regions and segments. The report has covered the current short-term and long-term impact on the market, and it would help the decision-makers to prepare the outline and strategies for companies by region.Smart Grid Communication Node MarketTo know about the Research Methodology :- Request Free Sample Report

Smart Grid Communication Node Market Dynamics:

Smart grid is a concept, which contains the integration of electricity grid with renewable and non-renewable energy resources. The smart grid communication nodes are the redistribution points for communication that are directly dependent on smart grid networks. Currently, in the smart grid communication node market, information technology and communication devices are preferring in existing networks to reduce electricity waste and energy costs and enhance reliability and efficiency. An introduction of cutting-edge grid technology is playing a vital role that also allows the energy industry to reach a new level of efficiency and reliability. The continuous demand for power is a critical issue that necessities significant attention in the current day of the smart grid era. An increase in demand for uninterrupted power supply and streamlining communications between power suppliers and consumers are expected to increase the demand for the smart grid communication nodes. On the other hand, the increasing presence of renewable generation and the proliferation of customer- and merchant-owned DERs are expected to increase the greater levels of variability and uncertainty in both the supply of electricity and the demand. Also, high installation costs are expected to limit the growth of the global smart grid communication node market. Furthermore, an introduction of innovative technologies like RF mesh, point-to-multipoint, Worldwide Interoperability for Microwave Access (WiMAX), and LTE are expected to offer beneficial opportunities to the key players in the smart grid communication nodes market.

Smart Grid Communication Node Market Segment Analysis:

Wireless cellular networks are emerging as a strong stand in attempts to achieve pervasive large-scale obtainment, a communication network. The cellular technologies and the evolving new age 5G are some of the factors, which are advantageous for the smart grid. By the communication standard, different communication technologies are classified as wired and wireless communications. Among these, wireless communications usage is expected to grow at an xx% rate of CAGR during the forecast period because it is widely preferred over the wired communications for various reasons. It offers its reliability at lower rates of cost. The wireless communications network enhances infrastructure and provides readily available connections. The operation cost, environmental concerns, and availability of resources for a stable communication system are expected to boost the global smart grid communication node market.

Smart Grid Communication Node Market Regional Insights:

The adoption of smart grid communication nodes is increasing at an exponential growth rate across the globe. By the regional analysis of the smart grid communication node market, North America and Europe have matured markets for smart grid communication nodes. Furthermore, The Asia Pacific region has a huge potential opportunity for smart grid communication nodes. The power grids across the developing economies are becoming challenging factors to keep up the power demand. The Asia-Pacific communication nodes market is expected to grow at an xx% CAGR during the forecast period. An increase in focus of governments like China and India, adoption of smart technology in power grid infrastructure, and challenges as aging transmission and distribution (T&D) infrastructure, and distributed generation are expected to boost regional growth.

Competitive Analysis:

The current model of transmission and distribution of electricity has proved its presence as it is a reliable network. Researchers are now experimenting with smart grid technologies to overcome the shortcomings of the traditional grid. Many prominent key players are focusing on deploying the communication node network that is expected to drive growth in the global smart grid communication node market. The objective of the report is to present a comprehensive analysis of the Global market including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that includes market leaders, followers, and new entrants by region. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors by region on the market has been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers. The report also helps in understanding Global market dynamics, structure by analyzing the market segments and projects the Global market size. Clear representation of competitive analysis of key players by Application, price, financial position, Product portfolio, growth strategies, and regional presence in the Global market make the report investor’s guide.

Smart Grid Communication Node Market Scope: Inquire before buying

Smart Grid Communication Node Market
Base Year 2022 Forecast Period 2023-2029
Historical Data CAGR Market Size in 2022 Market Size in 2029
2018 to 2022 21% US$ 55.90 Bn US$ 212.29 Bn
Segments Covered
by Type Wired Wireless Communication Systems by Application Command and Control Communications Computers Surveillance
Regions Covered
North America United States Canada Mexico Europe UK France Germany Italy Spain Sweden Austria Rest of Europe Asia Pacific China S Korea Japan India Australia Indonesia Malaysia Vietnam Taiwan Bangladesh Pakistan Rest of APAC Middle East and Africa South Africa GCC Egypt Nigeria Rest of ME&A South America Brazil Argentina Rest of South America

Key Players are:

1. IBM Corporation 2. ABB Ltd. 3. Schneider Electric SE 4. Cisco Systems Inc. 5. Itron Inc. 6. Verizon Communication Inc. 7. Siemens AG 8. Ingenu Inc. 9. Metrycom Communication Ltd. 10.Osisoft LLC 11.Southern States LLC 12.Sensus Viola Systems 13.Tropos Networks Inc. 14.Trilliant Inc. 15.Others

Frequently Asked Questions:

1. Which region has the largest share in Global Smart Grid Communication Node Market? Ans: Asia Pacific region held the highest share in 2022. 2. What is the growth rate of Global Smart Grid Communication Node Market? Ans: The Global market is expected to grow at a CAGR of 21% during forecast period 2023-2029. 3. What is scope of the Global Smart Grid Communication Node market report? Ans: Global market report helps with the PESTEL, PORTER, COVID-19 Impact analysis, Recommendations for Investors & Leaders, and market estimation of the forecast period. 4. Who are the key players in Global Smart Grid Communication Node market? Ans: The important key players in the Global market are –IBM Corporation, ABB Ltd., Schneider Electric SE, Cisco Systems Inc., Itron Inc., Verizon Communication Inc., Siemens AG, Ingenu Inc., Metrycom Communication Ltd., Osisoft LLC, Southern States LLC, Sensus Viola Systems, Tropos Networks Inc., Trilliant Inc., and Others 5. What is the study period of this market? Ans: The Global market is studied from 2022 to 2029.
Smart Grid Communication Node Market 1. Preface 1.1. Report Scope and Market Segmentation 1.2. Research Highlights 1.3. Research Objectives 2. Assumptions and Research Methodology 2.1. Report Assumptions 2.2. Abbreviations 2.3. Research Methodology 2.3.1. Secondary Research 2.3.1.1. Secondary data 2.3.1.2. Secondary Sources 2.3.2. Primary Research 2.3.2.1. Data from Primary Sources 2.3.2.2. Breakdown of Primary Sources 3. Executive Summary: Smart Grid Communication Node Market 4. Market Overview 4.1. Introduction 4.2. Market Indicator 4.2.1. Drivers 4.2.2. Restraints 4.2.3. Opportunities 4.2.4. Challenges 4.3. Porter’s Analysis 4.4. Value Chain Analysis 4.5. Market Risk Analysis 4.6. SWOT Analysis 4.7. Industry Trends and Emerging Technologies 5. Supply Side and Demand Side Indicators 6. Smart Grid Communication Node Market Analysis and Forecast 6.1. Smart Grid Communication Node Market Size & Y-o-Y Growth Analysis 6.1.1. North America 6.1.2. Europe 6.1.3. Asia Pacific 6.1.4. Middle East & Africa 6.1.5. South America 7. Smart Grid Communication Node Market Analysis and Forecast, By Type 7.1. Introduction and Definition 7.2. Key Findings 7.3. Smart Grid Communication Node Market Value Share Analysis, By Type 7.4. Smart Grid Communication Node Market Size (US$ Bn) Forecast, By Type 7.5. Smart Grid Communication Node Market Analysis, By Type 7.6. Smart Grid Communication Node Market Attractiveness Analysis, By Type 8. Smart Grid Communication Node Market Analysis and Forecast, By Application 8.1. Introduction and Definition 8.2. Key Findings 8.3. Smart Grid Communication Node Market Value Share Analysis, By Application 8.4. Smart Grid Communication Node Market Size (US$ Bn) Forecast, By Application 8.5. Smart Grid Communication Node Market Analysis, By Application 8.6. Smart Grid Communication Node Market Attractiveness Analysis, By Application 9. Smart Grid Communication Node Market Analysis, by Region 9.1. Smart Grid Communication Node Market Value Share Analysis, by Region 9.2. Smart Grid Communication Node Market Size (US$ Bn) Forecast, by Region 9.3. Smart Grid Communication Node Market Attractiveness Analysis, by Region 10. North America Smart Grid Communication Node Market Analysis 10.1. Key Findings 10.2. North America Smart Grid Communication Node Market Overview 10.3. North America Smart Grid Communication Node Market Value Share Analysis, By Type 10.4. North America Smart Grid Communication Node Market Forecast, By Type 10.4.1. Wired 10.4.2. Wireless Communication Systems 10.5. North America Smart Grid Communication Node Market Value Share Analysis, By Application 10.6. North America Smart Grid Communication Node Market Forecast, By Application 10.6.1. Command and Control 10.6.2. Communications 10.6.3. Computers 10.6.4. Surveillance 10.7. North America Smart Grid Communication Node Market Value Share Analysis, by Country 10.8. North America Smart Grid Communication Node Market Forecast, by Country 10.8.1. U.S. 10.8.2. Canada 10.9. North America Smart Grid Communication Node Market Analysis, by Country 10.10. U.S. Smart Grid Communication Node Market Forecast, By Type 10.10.1. Wired 10.10.2. Wireless Communication Systems 10.11. U.S. Smart Grid Communication Node Market Forecast, By Application 10.11.1. Command and Control 10.11.2. Communications 10.11.3. Computers 10.11.4. Surveillance 10.12. Canada Smart Grid Communication Node Market Forecast, By Type 10.12.1. Wired 10.12.2. Wireless Communication Systems 10.13. Canada Smart Grid Communication Node Market Forecast, By Application 10.13.1. Command and Control 10.13.2. Communications 10.13.3. Computers 10.13.4. Surveillance 10.14. North America Smart Grid Communication Node Market Attractiveness Analysis 10.14.1. By Type 10.14.2. By Application 10.15. PEST Analysis 10.16. Key Trends 10.17. Key Developments 11. Europe Smart Grid Communication Node Market Analysis 11.1. Key Findings 11.2. Europe Smart Grid Communication Node Market Overview 11.3. Europe Smart Grid Communication Node Market Value Share Analysis, By Type 11.4. Europe Smart Grid Communication Node Market Forecast, By Type 11.4.1. Wired 11.4.2. Wireless Communication Systems 11.5. Europe Smart Grid Communication Node Market Value Share Analysis, By Application 11.6. Europe Smart Grid Communication Node Market Forecast, By Application 11.6.1. Command and Control 11.6.2. Communications 11.6.3. Computers 11.6.4. Surveillance 11.7. Europe Smart Grid Communication Node Market Value Share Analysis, by Country 11.8. Europe Smart Grid Communication Node Market Forecast, by Country 11.8.1. Germany 11.8.2. U.K. 11.8.3. France 11.8.4. Italy 11.8.5. Spain 11.8.6. Russia 11.8.7. Norway 11.8.8. Rest of Europe 11.9. Europe Smart Grid Communication Node Market Analysis, by Country 11.10. Germany Smart Grid Communication Node Market Forecast, By Type 11.10.1. Wired 11.10.2. Wireless Communication Systems 11.11. Germany Smart Grid Communication Node Market Forecast, By Application 11.11.1. Command and Control 11.11.2. Communications 11.11.3. Computers 11.11.4. Surveillance 11.12. U.K. Smart Grid Communication Node Market Forecast, By Type 11.12.1. Wired 11.12.2. Wireless Communication Systems 11.13. U.K. Smart Grid Communication Node Market Forecast, By Application 11.13.1. Command and Control 11.13.2. Communications 11.13.3. Computers 11.13.4. Surveillance 11.14. France Smart Grid Communication Node Market Forecast, By Type 11.14.1. Wired 11.14.2. Wireless Communication Systems 11.15. France Smart Grid Communication Node Market Forecast, By Application 11.15.1. Command and Control 11.15.2. Communications 11.15.3. Computers 11.15.4. Surveillance 11.16. Italy Smart Grid Communication Node Market Forecast, By Type 11.16.1. Wired 11.16.2. Wireless Communication Systems 11.17. Italy Smart Grid Communication Node Market Forecast, By Application 11.17.1. Command and Control 11.17.2. Communications 11.17.3. Computers 11.17.4. Surveillance 11.18. Spain Smart Grid Communication Node Market Forecast, By Type 11.18.1. Wired 11.18.2. Wireless Communication Systems 11.19. Spain Smart Grid Communication Node Market Forecast, By Application 11.19.1. Command and Control 11.19.2. Communications 11.19.3. Computers 11.19.4. Surveillance 11.20. Russia Smart Grid Communication Node Market Forecast, By Type 11.20.1. Wired 11.20.2. Wireless Communication Systems 11.21. Russia Smart Grid Communication Node Market Forecast, By Application 11.21.1. Command and Control 11.21.2. Communications 11.21.3. Computers 11.21.4. Surveillance 11.22. Norway Smart Grid Communication Node Market Forecast, By Type 11.22.1. Wired 11.22.2. Wireless Communication Systems 11.23. Norway Smart Grid Communication Node Market Forecast, By Application 11.23.1. Command and Control 11.23.2. Communications 11.23.3. Computers 11.23.4. Surveillance 11.24. Rest of Europe Smart Grid Communication Node Market Forecast, By Type 11.24.1. Wired 11.24.2. Wireless Communication Systems 11.25. Rest of Europe Smart Grid Communication Node Market Forecast, By Application 11.25.1. Command and Control 11.25.2. Communications 11.25.3. Computers 11.25.4. Surveillance 11.26. Europe Smart Grid Communication Node Market Attractiveness Analysis 11.26.1. By Type 11.26.2. By Application 11.27. PEST Analysis 11.28. Key Trends 11.29. Key Developments 12. Asia Pacific Smart Grid Communication Node Market Analysis 12.1. Key Findings 12.2. Asia Pacific Smart Grid Communication Node Market Overview 12.3. Asia Pacific Smart Grid Communication Node Market Value Share Analysis, By Type 12.4. Asia Pacific Smart Grid Communication Node Market Forecast, By Type 12.4.1. Wired 12.4.2. Wireless Communication Systems 12.5. Asia Pacific Smart Grid Communication Node Market Value Share Analysis, By Application 12.6. Asia Pacific Smart Grid Communication Node Market Forecast, By Application 12.6.1. Command and Control 12.6.2. Communications 12.6.3. Computers 12.6.4. Surveillance 12.7. Asia Pacific Smart Grid Communication Node Market Value Share Analysis, by Country 12.8. Asia Pacific Smart Grid Communication Node Market Forecast, by Country 12.8.1. China 12.8.2. India 12.8.3. Japan 12.8.4. South Korea 12.8.5. Australia 12.8.6. Indonesia 12.8.7. Malaysia 12.8.8. Vietnam 12.8.9. Rest of Asia Pacific 12.9. Asia Pacific Smart Grid Communication Node Market Analysis, by Country 12.10. China Smart Grid Communication Node Market Forecast, By Type 12.10.1. Wired 12.10.2. Wireless Communication Systems 12.11. China Smart Grid Communication Node Market Forecast, By Application 12.11.1. Command and Control 12.11.2. Communications 12.11.3. Computers 12.11.4. Surveillance 12.12. India Smart Grid Communication Node Market Forecast, By Type 12.12.1. Wired 12.12.2. Wireless Communication Systems 12.13. India Smart Grid Communication Node Market Forecast, By Application 12.13.1. Command and Control 12.13.2. Communications 12.13.3. Computers 12.13.4. Surveillance 12.14. Japan Smart Grid Communication Node Market Forecast, By Type 12.14.1. Wired 12.14.2. Wireless Communication Systems 12.15. Japan Smart Grid Communication Node Market Forecast, By Application 12.15.1. Command and Control 12.15.2. Communications 12.15.3. Computers 12.15.4. Surveillance 12.16. South Korea Smart Grid Communication Node Market Forecast, By Type 12.16.1. Wired 12.16.2. Wireless Communication Systems 12.17. South Korea Smart Grid Communication Node Market Forecast, By Application 12.17.1. Command and Control 12.17.2. Communications 12.17.3. Computers 12.17.4. Surveillance 12.18. Australia Smart Grid Communication Node Market Forecast, By Type 12.18.1. Wired 12.18.2. Wireless Communication Systems 12.19. Australia Smart Grid Communication Node Market Forecast, By Application 12.19.1. Command and Control 12.19.2. Communications 12.19.3. Computers 12.19.4. Surveillance 12.20. Indonesia Smart Grid Communication Node Market Forecast, By Type 12.20.1. Wired 12.20.2. Wireless Communication Systems 12.21. Indonesia Smart Grid Communication Node Market Forecast, By Application 12.21.1. Command and Control 12.21.2. Communications 12.21.3. Computers 12.21.4. Surveillance 12.22. Malaysia Smart Grid Communication Node Market Forecast, By Type 12.22.1. Wired 12.22.2. Wireless Communication Systems 12.23. Malaysia Smart Grid Communication Node Market Forecast, By Application 12.23.1. Command and Control 12.23.2. Communications 12.23.3. Computers 12.23.4. Surveillance 12.24. Vietnam Smart Grid Communication Node Market Forecast, By Type 12.24.1. Wired 12.24.2. Wireless Communication Systems 12.25. Vietnam Smart Grid Communication Node Market Forecast, By Application 12.25.1. Command and Control 12.25.2. Communications 12.25.3. Computers 12.25.4. Surveillance 12.26. Rest of Asia Pacific Smart Grid Communication Node Market Forecast, By Type 12.26.1. Wired 12.26.2. Wireless Communication Systems 12.27. Rest of Asia Pacific Smart Grid Communication Node Market Forecast, By Application 12.27.1. Command and Control 12.27.2. Communications 12.27.3. Computers 12.27.4. Surveillance 12.28. Asia Pacific Smart Grid Communication Node Market Attractiveness Analysis 12.28.1. By Type 12.28.2. By Application 12.29. PEST Analysis 12.30. Key Trends 12.31. Key Developments 13. Middle East & Africa Smart Grid Communication Node Market Analysis 13.1. Key Findings 13.2. Middle East & Africa Smart Grid Communication Node Market Overview 13.3. Middle East & Africa Smart Grid Communication Node Market Value Share Analysis, By Type 13.4. Middle East & Africa Smart Grid Communication Node Market Forecast, By Type 13.4.1. Wired 13.4.2. Wireless Communication Systems 13.5. Middle East & Africa Smart Grid Communication Node Market Value Share Analysis, By Application 13.6. Middle East & Africa Smart Grid Communication Node Market Forecast, By Application 13.6.1. Command and Control 13.6.2. Communications 13.6.3. Computers 13.6.4. Surveillance 13.7. Middle East & Africa Smart Grid Communication Node Market Value Share Analysis, by Country 13.8. Middle East & Africa Smart Grid Communication Node Market Forecast, by Country 13.8.1. GCC 13.8.2. South Africa 13.8.3. Rest of Middle East & Africa 13.9. Middle East & Africa Smart Grid Communication Node Market Analysis, by Country 13.10. GCC Smart Grid Communication Node Market Forecast, By Type 13.10.1. Wired 13.10.2. Wireless Communication Systems 13.11. GCC Smart Grid Communication Node Market Forecast, By Application 13.11.1. Command and Control 13.11.2. Communications 13.11.3. Computers 13.11.4. Surveillance 13.12. South Africa Smart Grid Communication Node Market Forecast, By Type 13.12.1. Wired 13.12.2. Wireless Communication Systems 13.13. South Africa Smart Grid Communication Node Market Forecast, By Application 13.13.1. Command and Control 13.13.2. Communications 13.13.3. Computers 13.13.4. Surveillance 13.14. Rest of Middle East & Africa Smart Grid Communication Node Market Forecast, By Type 13.14.1. Wired 13.14.2. Wireless Communication Systems 13.15. Rest of Middle East & Africa Smart Grid Communication Node Market Forecast, By Application 13.15.1. Command and Control 13.15.2. Communications 13.15.3. Computers 13.15.4. Surveillance 13.16. Middle East & Africa Smart Grid Communication Node Market Attractiveness Analysis 13.16.1. By Type 13.16.2. By Application 13.17. PEST Analysis 13.18. Key Trends 13.19. Key Developments 14. South America Smart Grid Communication Node Market Analysis 14.1. Key Findings 14.2. South America Smart Grid Communication Node Market Overview 14.3. South America Smart Grid Communication Node Market Value Share Analysis, By Type 14.4. South America Smart Grid Communication Node Market Forecast, By Type 14.4.1. Wired 14.4.2. Wireless Communication Systems 14.5. South America Smart Grid Communication Node Market Value Share Analysis, By Application 14.6. South America Smart Grid Communication Node Market Forecast, By Application 14.6.1. Command and Control 14.6.2. Communications 14.6.3. Computers 14.6.4. Surveillance 14.7. South America Smart Grid Communication Node Market Value Share Analysis, By Application 14.8. South America Smart Grid Communication Node Market Value Share Analysis, by Country 14.9. South America Smart Grid Communication Node Market Forecast, by Country 14.9.1. Brazil 14.9.2. Mexico 14.9.3. Argentina 14.9.4. Rest of South America 14.10. South America Smart Grid Communication Node Market Analysis, by Country 14.11. Brazil Smart Grid Communication Node Market Forecast, By Type 14.11.1. Wired 14.11.2. Wireless Communication Systems 14.12. Brazil Smart Grid Communication Node Market Forecast, By Application 14.12.1. Command and Control 14.12.2. Communications 14.12.3. Computers 14.12.4. Surveillance 14.13. Mexico Smart Grid Communication Node Market Forecast, By Type 14.13.1. Wired 14.13.2. Wireless Communication Systems 14.14. Mexico Smart Grid Communication Node Market Forecast, By Application 14.14.1. Command and Control 14.14.2. Communications 14.14.3. Computers 14.14.4. Surveillance 14.15. Argentina Smart Grid Communication Node Market Forecast, By Type 14.15.1. Wired 14.15.2. Wireless Communication Systems 14.16. Argentina Smart Grid Communication Node Market Forecast, By Application 14.16.1. Command and Control 14.16.2. Communications 14.16.3. Computers 14.16.4. Surveillance 14.17. Rest of South America Smart Grid Communication Node Market Forecast, By Type 14.17.1. Wired 14.17.2. Wireless Communication Systems 14.18. Rest of South America Smart Grid Communication Node Market Forecast, By Application 14.18.1. Command and Control 14.18.2. Communications 14.18.3. Computers 14.18.4. Surveillance 14.19. South America Smart Grid Communication Node Market Attractiveness Analysis 14.19.1. By Type 14.19.2. By Application 14.20. PEST Analysis 14.21. Key Trends 14.22. Key Developments 15. Company Profiles 15.1. Market Share Analysis, by Company 15.2. Competition Matrix 15.2.1. Competitive Benchmarking of key players by price, presence, market share, Applications and R&D investment 15.2.2. New Product Launches and Product Enhancements 15.2.3. Market Consolidation 15.2.3.1. M&A by Regions, Investment and Applications 15.2.3.2. M&A Key Players, Forward Integration and Backward Integration 15.3. Company Profiles: Key Players 15.3.1. IBM Corporation 15.3.1.1. Company Overview 15.3.1.2. Financial Overview 15.3.1.3. Product Portfolio 15.3.1.4. Business Strategy 15.3.1.5. Recent Developments 15.3.1.6. Development Footprint 15.3.2. ABB Ltd. 15.3.3. Schneider Electric SE 15.3.4. Cisco Systems Inc. 15.3.5. Itron Inc. 15.3.6. Verzon Communication Inc. 15.3.7. Siemens AG 15.3.8. Ingenu Inc. 15.3.9. Metrycom Communication Ltd. 15.3.10. Osisoft LLC 15.3.11. Sensus Viola Systems 15.3.12. Tropos Networks Inc. 15.3.13. Trilliant Inc. Primary key Insights
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