Global Smart Grid Market: Industry Analysis and Forecast 2020 – 2026: By Component, End User and Region.

Global Smart Grid Market size was valued at US$ XX Bn. in 2019 and the total revenue is expected to grow at 21.6% through 2020 to 2026, reaching nearly US$ XX Bn.

Global Smart Grid Market Overview:

A smart grid is an electric grid that consists of a network of substations, transmission lines, and transformers. Smart grid includes a variety of energy measures, like smart appliances, smart grids, renewable energy resources and energy-efficient resources. Global Smart Grid Market by Component To Know About The Research Methodology :- Request Free Sample Report

Global Smart Grid Market , Dynamics:

The global smart grid market dynamics are thoroughly studied and explained in the MMR report, which helps the reader to understand emerging market trends, drivers, opportunities, restraints, and challenges at the global and regional level for the smart grid market. The rising need to alleviate climate change for renewable energy development is expected to fuel the smart grid initiatives globally. Furthermore, governments of various economies are progressively investing in smart grid technology as it is projected to help them in achieving their CO2 reduction targets and support long-term economic success. Many economies already have net energy metering equipment and protocols, and some economies are still exploring the technology and its mechanism which is estimated to offer significant opportunities for the global smart grid market. Such as, in 2017 under Advanced Metering Infrastructure (AMI), the U.S. installed nearly 76 smart meters and is expected to install approximately 95 million meters by the year 2021. One of the major factor responsible for the growth of the smart grid market is growing the global electricity demand is urbanization, coupled with an increase in investments in digital electricity organization. Furthermore, with rising awareness about “smart everything”, the smart-cities concept has also been gathering rising attention, mainly in developing economies such as China and India, which is a result of all the intermediate technologies. For example, in Sept 2019, the 10,000-acre AURIC (Aurangabad Industrial City) in Aurangabad, Maharashtra was installed as the main Greenfield industrial smart city of India.

Global Smart Grid Market Segmentation:

The MMR report covers all segments in the global smart grid market such as component and end-user. Based on component, the software and services segment accounted for over 72% of the overall market share in 2019. This growth is driven by cost savings on overall electricity bills and a rise in the need to shift from predictable energy sources to renewable and sustainable energy resources. The software segment is divided into advanced metering infrastructure, smart grid distribution management, smart grid network management, grid asset management, substation automation, smart grid security, billing and customer information system. Among this sub-segment, smart grid distribution management dominated the market, with market size of US$ XX Bn. in 2019 and to reach US$ XX Bn. by 2026, with a CAGR of 22.12%. The growing emphasis on optimization of energy and reduction of cost for electricity bill is helping the end-users to opt for smart grid distribution management. Global Smart Grid Market by Software

Global Smart Grid Market Regional Analysis:

North America region is expected to hold the largest XX% growth rate in the forecast period of 2020 to 2026 thanks to large scale investments in smart grid & smart city projects. The USA has been extremely receptive toward adopting the latest technological developments, like smart grid distribution management, AMI, substation automation and smart grid communication. As per the U.S. Smart Grid Investment Grant (SGIG) program, an overall of 99 projects received federal financial assistance for 50% of qualified project prices. In 2019, Asia Pacific occupied the second largest market share of XX%. The growth in the industry is mainly owing to the highly booming residential and commercial building industry, rapid industrialization, and mounting middle-class population, which leads to the growing demand for technology in the APAC. The government of India announced the plan for making a smart grid plan in the technological and financial hub near New Delhi, and Gurugram. The underground systems are projected to be completed by 2022, preservative 120-150 MW of electricity daily and solving the long-standing problems of technological faults and power theft.

Key Development:

Major players are involved in adopting sustainable strategies to gain competitive edges such as collaborative agreements, new product launch, and product up-gradation. For examples, GE Power Grid Solutions, collaborate with Tata Power-DDL, announced it had launched ADMS (Advanced Distribution Management System) to enhance & modernize the area’s grid in 2018. In Brazil, Schneider Electric has expanded its business by opening a smart distribution center in Sept 2019. The distribution center is available for partners, educational institutions and customers to experience and learn about the company's most advanced technologies delivered through its interoperable architecture, IoT-enabled, and EcoStruxure. The objective of the report is to present a comprehensive analysis of the Global Smart Grid Market to the stakeholders in 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 include market leaders, followers, and new entrants. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analysed, which will give a clear futuristic view of the industry to the decision-makers. The report also helps in understanding the Global Smart Grid Market dynamics, structure by analyzing the market segments and project the Global Smart Grid Market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the Global Smart Grid Market make the report investor’s guide.

Global Smart Grid Market, Key Highlights:

• Global Smart Grid Market analysis and forecast, in terms of value. • Comprehensive study and analysis of market drivers, restraints and opportunities influencing the growth of the Global Smart Grid Market • Global Smart Grid Market segmentation on the basis of type, source, end-user, and region (country-wise) has been provided. • Global Smart Grid Market strategic analysis with respect to individual growth trends, future prospects along with the contribution of various sub-market stakeholders have been considered under the scope of study. • Global Smart Grid Market analysis and forecast for five major regions namely North America, Europe, Asia Pacific, the Middle East & Africa (MEA) and Latin America along with country-wise segmentation. • Profiles of key industry players, their strategic perspective, market positioning and analysis of core competencies are further profiled. • Competitive developments, investments, strategic expansion and competitive landscape of the key players operating in the Global Smart Grid Market are also profiled.

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Global Smart Grid Market by Scope

Global Smart Grid Market, by Region

• North America • Europe • Asia-Pacific • Middle East& Africa • South America

Global Smart Grid Market Key Players

• ABB • Siemens • GE • Schneider Electric • Itron • Landis+Gyr • Aclara • Cisco • OSI • IBM • Wipro • Oracle • Honeywell • S&C Electric Company • Eaton • Kamstrup • Trilliant Holdings • Globema • Tech Mahindra • Enel X North America • Fujitsu • eSmart Systems • Tantalus • EsyaSoft Technologies • Grid4C • C3 Energy • Others
1. Preface 1.1. Market Definition and Key Research Objectives 1.2. Research Highlights 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: Global Smart Grid Market Size, by Market Value (US$ Bn) 3.1. Global Market Segmentation 3.2. Global Market Segmentation Share Analysis, 2019 3.2.1. Global 3.2.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 3.3. Geographical Snapshot of the Smart Grid Market 3.4. Geographical Snapshot of the Smart Grid Market, By Manufacturer share 4. Global Smart Grid Market Overview, 2020-2026 4.1. Market Dynamics 4.1.1. Drivers 4.1.1.1. Global 4.1.1.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.2. Restraints 4.1.2.1. Global 4.1.2.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.3. Opportunities 4.1.3.1. Global 4.1.3.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.4. Challenges 4.1.4.1. Global 4.1.4.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.5. Industry Trends and Emerging Technologies 4.1.6. Porters Five Forces Analysis 4.1.6.1. Threat of New Entrants 4.1.6.2. Bargaining Power of Buyers/Consumers 4.1.6.3. Bargaining Power of Suppliers 4.1.6.4. Threat of Substitute Products 4.1.6.5. Intensity of Competitive Rivalry 4.1.7. Value Chain Analysis 4.1.8. Technological Roadmap 4.1.9. Regulatory landscape 4.1.10. Impact of the Covid-19 Pandemic on the Global Smart Grid Market 5. Supply Side and Demand Side Indicators 6. Global Smart Grid Market Analysis and Forecast, 2020-2026 6.1. Global Smart Grid Market Size & Y-o-Y Growth Analysis. 7. Global Smart Grid Market Analysis and Forecasts, 2020-2026 7.1. Market Size (Value) Estimates & Forecast By Component, 2020-2026 7.1.1. Software 7.1.1.1. Advanced Metering Infrastructure 7.1.1.2. Smart Grid Distribution Management 7.1.1.3. Smart Grid Network Management 7.1.1.4. Grid Asset Management 7.1.1.5. Substation Automation 7.1.1.6. Smart Grid Security 7.1.1.7. Billing and Customer Information System 7.1.2. Hardware 7.1.2.1. Smart Meter 7.1.3. Services 7.1.3.1. Consulting 7.1.3.2. Deployment & Integration 7.1.3.3. Support & Maintenance 7.2. Market Size (Value) Estimates & Forecast By End User, 2020-2026 7.2.1. Residential 7.2.2. Commercial 7.2.3. Industrial 8. Global Smart Grid Market Analysis and Forecasts, By Region 8.1. Market Size (Value) Estimates & Forecast By Region, 2020-2026 8.1.1. North America 8.1.2. Europe 8.1.3. Asia-Pacific 8.1.4. Middle East & Africa 8.1.5. South America 9. North America Smart Grid Market Analysis and Forecasts, 2020-2026 9.1. Market Size (Value) Estimates & Forecast By Component, 2020-2026 9.1.1. Software 9.1.1.1. Advanced Metering Infrastructure 9.1.1.2. Smart Grid Distribution Management 9.1.1.3. Smart Grid Network Management 9.1.1.4. Grid Asset Management 9.1.1.5. Substation Automation 9.1.1.6. Smart Grid Security 9.1.1.7. Billing and Customer Information System 9.1.2. Hardware 9.1.2.1. Smart Meter 9.1.3. Services 9.1.3.1. Consulting 9.1.3.2. Deployment & Integration 9.1.3.3. Support & Maintenance 9.2. Market Size (Value) Estimates & Forecast By End User, 2020-2026 9.2.1. Residential 9.2.2. Commercial 9.2.3. Industrial 10. North America Smart Grid Market Analysis and Forecasts, By Country 10.1. Market Size (Value) Estimates & Forecast By Country, 2020-2026 10.1.1. US 10.1.2. Canada 10.1.3. Mexico 11. U.S. Smart Grid Market Analysis and Forecasts, 2020-2026 11.1. Market Size (Value) Estimates & Forecast By Component, 2020-2026 11.2. Market Size (Value) Estimates & Forecast By End User, 2020-2026 12. Canada Smart Grid Market Analysis and Forecasts, 2020-2026 12.1. Market Size (Value) Estimates & Forecast By Component, 2020-2026 12.2. Market Size (Value) Estimates & Forecast By End User, 2020-2026 13. Mexico Smart Grid Market Analysis and Forecasts, 2020-2026 13.1. Market Size (Value) Estimates & Forecast By Component, 2020-2026 13.2. Market Size (Value) Estimates & Forecast By End User, 2020-2026 14. Europe Smart Grid Market Analysis and Forecasts, 2020-2026 14.1. Market Size (Value) Estimates & Forecast By Component, 2020-2026 14.2. Market Size (Value) Estimates & Forecast By End User, 2020-2026 15. Europe Smart Grid Market Analysis and Forecasts, By Country 15.1. Market Size (Value) Estimates & Forecast By Country, 2020-2026 15.1.1. U.K 15.1.2. France 15.1.3. Germany 15.1.4. Italy 15.1.5. Spain 15.1.6. Sweden 15.1.7. CIS Countries 15.1.8. Rest of Europe 16. U.K. Smart Grid Market Analysis and Forecasts, 2020-2026 16.1. Market Size (Value) Estimates & Forecast By Component, 2020-2026 16.2. Market Size (Value) Estimates & Forecast By End User, 2020-2026 17. France Smart Grid Market Analysis and Forecasts, 2020-2026 17.1. Market Size (Value) Estimates & Forecast By Component, 2020-2026 17.2. Market Size (Value) Estimates & Forecast By End User, 2020-2026 18. Germany Smart Grid Market Analysis and Forecasts, 2020-2026 18.1. Market Size (Value) Estimates & Forecast By Component, 2020-2026 18.2. Market Size (Value) Estimates & Forecast By End User, 2020-2026 19. Italy Smart Grid Market Analysis and Forecasts, 2020-2026 19.1. Market Size (Value) Estimates & Forecast By Component, 2020-2026 19.2. Market Size (Value) Estimates & Forecast By End User, 2020-2026 20. Spain Smart Grid Market Analysis and Forecasts, 2020-2026 20.1. Market Size (Value) Estimates & Forecast By Component, 2020-2026 20.2. Market Size (Value) Estimates & Forecast By End User, 2020-2026 21. Sweden Smart Grid Market Analysis and Forecasts, 2020-2026 21.1. Market Size (Value) Estimates & Forecast By Component, 2020-2026 21.2. Market Size (Value) Estimates & Forecast By End User, 2020-2026 22. CIS Countries Smart Grid Market Analysis and Forecasts, 2020-2026 22.1. Market Size (Value) Estimates & Forecast By Component, 2020-2026 22.2. Market Size (Value) Estimates & Forecast By End User, 2020-2026 23. Rest of Europe Smart Grid Market Analysis and Forecasts, 2020-2026 23.1. Market Size (Value) Estimates & Forecast By Component, 2020-2026 23.2. Market Size (Value) Estimates & Forecast By End User, 2020-2026 24. Asia Pacific Smart Grid Market Analysis and Forecasts, 2020-2026 24.1. Market Size (Value) Estimates & Forecast By Component, 2020-2026 24.2. Market Size (Value) Estimates & Forecast By End User, 2020-2026 25. Asia Pacific Smart Grid Market Analysis and Forecasts, by Country 25.1. Market Size (Value) Estimates & Forecast By Country, 2020-2026 25.1.1. China 25.1.2. India 25.1.3. Japan 25.1.4. South Korea 25.1.5. Australia 25.1.6. ASEAN 25.1.7. Rest of Asia Pacific 26. China Smart Grid Market Analysis and Forecasts, 2020-2026 26.1. Market Size (Value) Estimates & Forecast By Component, 2020-2026 26.2. Market Size (Value) Estimates & Forecast By End User, 2020-2026 27. India Smart Grid Market Analysis and Forecasts, 2020-2026 27.1. Market Size (Value) Estimates & Forecast By Component, 2020-2026 27.2. Market Size (Value) Estimates & Forecast By End User, 2020-2026 28. Japan Smart Grid Market Analysis and Forecasts, 2020-2026 28.1. Market Size (Value) Estimates & Forecast By Component, 2020-2026 28.2. Market Size (Value) Estimates & Forecast By End User, 2020-2026 29. South Korea Smart Grid Market Analysis and Forecasts, 2020-2026 29.1. Market Size (Value) Estimates & Forecast By Component, 2020-2026 29.2. Market Size (Value) Estimates & Forecast By End User, 2020-2026 30. Australia Smart Grid Market Analysis and Forecasts, 2020-2026 30.1. Market Size (Value) Estimates & Forecast By Component, 2020-2026 30.2. Market Size (Value) Estimates & Forecast By End User, 2020-2026 31. ASEAN Smart Grid Market Analysis and Forecasts, 2020-2026 31.1. Market Size (Value) Estimates & Forecast By Component, 2020-2026 31.2. Market Size (Value) Estimates & Forecast By End User, 2020-2026 32. Rest of Asia Pacific Smart Grid Market Analysis and Forecasts, 2020-2026 32.1. Market Size (Value) Estimates & Forecast By Component, 2020-2026 32.2. Market Size (Value) Estimates & Forecast By End User, 2020-2026 33. Middle East Africa Smart Grid Market Analysis and Forecasts, 2020-2026 33.1. Market Size (Value) Estimates & Forecast By Component, 2020-2026 33.2. Market Size (Value) Estimates & Forecast By End User, 2020-2026 34. Middle East Africa Smart Grid Market Analysis and Forecasts, by Country 34.1. Market Size (Value) Estimates & Forecast by Country, 2020-2026 34.1.1. South Africa 34.1.2. GCC Countries 34.1.3. Egypt 34.1.4. Nigeria 34.1.5. Rest of ME&A 35. South Africa Smart Grid Market Analysis and Forecasts, 2020-2026 35.1. Market Size (Value) Estimates & Forecast By Component, 2020-2026 35.2. Market Size (Value) Estimates & Forecast By End User, 2020-2026 36. GCC Countries Smart Grid Market Analysis and Forecasts, 2020-2026 36.1. Market Size (Value) Estimates & Forecast By Component, 2020-2026 36.2. Market Size (Value) Estimates & Forecast By End User, 2020-2026 37. Egypt Smart Grid Market Analysis and Forecasts, 2020-2026 37.1. Market Size (Value) Estimates & Forecast By Component, 2020-2026 37.2. Market Size (Value) Estimates & Forecast By End User, 2020-2026 38. Nigeria Smart Grid Market Analysis and Forecasts, 2020-2026 38.1. Market Size (Value) Estimates & Forecast By Component, 2020-2026 38.2. Market Size (Value) Estimates & Forecast By End User, 2020-2026 39. Rest of ME&A Smart Grid Market Analysis and Forecasts, 2020-2026 39.1. Market Size (Value) Estimates & Forecast By Component, 2020-2026 39.2. Market Size (Value) Estimates & Forecast By End User, 2020-2026 40. South America Smart Grid Market Analysis and Forecasts, 2020-2026 40.1. Market Size (Value) Estimates & Forecast By Component, 2020-2026 40.2. Market Size (Value) Estimates & Forecast By End User, 2020-2026 41. South America Smart Grid Market Analysis and Forecasts, by Country 41.1. Market Size (Value) Estimates & Forecast by Country, 2020-2026 41.1.1. Brazil 41.1.2. Argentina 41.1.3. Rest of South America 42. Brazil Smart Grid Market Analysis and Forecasts, 2020-2026 42.1. Market Size (Value) Estimates & Forecast By Component, 2020-2026 42.2. Market Size (Value) Estimates & Forecast By End User, 2020-2026 43. Argentina Smart Grid Market Analysis and Forecasts, 2020-2026 43.1. Market Size (Value) Estimates & Forecast By Component, 2020-2026 43.2. Market Size (Value) Estimates & Forecast By End User, 2020-2026 44. Rest of South America Smart Grid Market Analysis and Forecasts, 2020-2026 44.1. Market Size (Value) Estimates & Forecast By Component, 2020-2026 44.2. Market Size (Value) Estimates & Forecast By End User, 2020-2026 45. Competitive Landscape 45.1. Geographic Footprint of Major Players in the Global Smart Grid Market 45.2. Competition Matrix 45.2.1. Competitive Benchmarking of Key Players By Price, Presence, Market Share, Applications and R&D Investment 45.2.2. New Product Launches and Product Enhancements 45.2.3. Market Consolidation 45.2.3.1. M&A by Regions, Investment and Verticals 45.2.3.2. M&A, Forward Integration and Backward Integration 45.2.3.3. Partnership, Joint Ventures and Strategic Alliances/ Sales Agreements 45.3. Company Profile : Key Players 45.3.1. ABB. 45.3.1.1. Company Overview 45.3.1.2. Financial Overview 45.3.1.3. Geographic Footprint 45.3.1.4. Product Portfolio 45.3.1.5. Business Strategy 45.3.1.6. Recent Developments 45.3.2. Siemens 45.3.3. GE 45.3.4. Schneider Electric 45.3.5. Itron 45.3.6. Landis+Gyr 45.3.7. Aclara 45.3.8. Cisco 45.3.9. OSI 45.3.10. IBM 45.3.11. Wipro 45.3.12. Oracle 45.3.13. Honeywell 45.3.14. S&C Electric Company 45.3.15. Eaton 45.3.16. Kamstrup 45.3.17. Trilliant Holdings 45.3.18. Globema 45.3.19. Tech Mahindra 45.3.20. Enel X North America 45.3.21. Fujitsu 45.3.22. eSmart Systems 45.3.23. Tantalus 45.3.24. EsyaSoft Technologies 45.3.25. Grid4C 45.3.26. C3 Energy 46. Primary Key Insights

About This Report

Report ID 244
Category Information Technology & Telecommunication
Published Date Aug2019
Updated Date April 2021
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