Global Smart Grid Network Market Size study & Forecast, by Technology Application Area (Transmission, Demand Response, Advanced Metering Infrastructure (AMI), Other Technology Application Areas) and Regional Analysis, 2023-2030

Description

List of Tables

A Smart Grid Network is an advanced electrical power distribution system that uses digital communication and information technology to optimize the generation, transmission, and consumption of electricity. It is an upgraded version of the traditional power grid that incorporates two-way communication between various components, such as power plants, substations, electrical devices, and consumers. The primary goal of a Smart Grid Network is to enhance the efficiency, reliability, sustainability, and flexibility of the electricity supply. It achieves this by enabling real-time monitoring, control, and management of the power grid, allowing for better integration of renewable energy sources, efficient demand response programs, and improved outage detection and restoration. The Smart Grid Network market is expanding because of factors such as rising investment and deployment of smart grid technologies and the rise in the adoption of electric vehicles across the globe.

Increased investment and deployment of smart grid technologies such as smart meters, and advanced metering infrastructure is driving the market growth. For instance, The Australian Energy Market Commission announced plans to install electricity meters in the nation in December 2020 and started an independent assessment of the regulations controlling electricity meters to find new ways to accelerate the deployment. Similarly to this, the Indian government stated in February 2020 that the Smart Meter National Programme (SMNP) would install 1 million smart meters across the nation. Further, in May 2020, The U.K. government's program for implementing smart meters resulted in the installation of 26.6 million electricity meters across domestic buildings in Great Britain as of May 2020. These meters are managed by major energy companies. Thus, the rising deployment of smart grid technologies is driving market growth. In addition, rising smart city projects, grid modernization and government investment in adoption of smart grid networks are some factors creating a lucrative opportunity to market growth. However, the high cost of smart grid networks stifles market growth throughout the forecast period of 2023-2030.

The key regions considered for the Global Smart Grid Network Market study includes Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. North America dominated the market in 2022 owing to factors such as rising investment in smart grid projects, the number of smart city projects, the presence of key market players, and rising technological advancement in grid technologies. Whereas, Asia Pacific is projected to register the fastest growth owing to factors such as rising adoption of electric vehicles, rising number of smart cities projects, and rising investment in smart grid technologies in the region.

Major market player included in this report are:

ABB Ltd
Cisco Systems Inc.
Eaton Corporation PLC
General Electric Company
Itron Inc.
Osaki Electric Co. Ltd
Hitachi Ltd
Schneider Electric SE
Siemens AG
Honeywell International Inc.

Recent Developments in the Market:

In January 2021, Schneider Electric acquired DC Solutions BV, a prominent supplier of smart solutions. As a result, through this acquisition Schneider Electric has made strides in the electrical distribution and smart grid industries.

Global Smart Grid Network Market Report Scope:

Historical Data - 2020 - 2021
Base Year for Estimation - 2022
Forecast period - 2023-2030
Report Coverage - Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
Segments Covered - Technology Application Area, Region
Regional Scope - North America; Europe; Asia Pacific; Latin America; Middle East & Africa
Customization Scope - Free report customization (equivalent up to 8 analyst's working hours) with purchase. Addition or alteration to country, regional & segment scope*

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and Technology Application Area offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Technology Application Area:

Transmission
Demand Response
Advanced Metering Infrastructure (AMI)
Other Technology Application Areas

By Region:

North America

U.S.
Canada

Europe

UK
Germany
France
Spain
Italy
ROE

Asia Pacific

China
India
Japan
Australia
South Korea
RoAPAC

Latin America

Brazil
Mexico

Middle East & Africa

Saudi Arabia
South Africa
Rest of Middle East & Africa

Chapter 1. Executive Summary

1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2020-2030 (USD Billion)
- 1.2.1. Smart Grid Network Market, by Region, 2020-2030 (USD Billion)
- 1.2.2. Smart Grid Network Market, by Technology Application Area, 2020-2030 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption

Chapter 2. Global Smart Grid Network Market Definition and Scope

2.1. Objective of the Study
2.2. Market Definition & Scope
- 2.2.1. Industry Evolution
- 2.2.2. Scope of the Study
2.3. Years Considered for the Study
2.4. Currency Conversion Rates

Chapter 3. Global Smart Grid Network Market Dynamics

3.1. Smart Grid Network Market Impact Analysis (2020-2030)
- 3.1.1. Market Drivers
  - 3.1.1.1. Rising investment and deployment of smart grid technologies
  - 3.1.1.2. Rising adoption of electric vehicles
- 3.1.2. Market Challenges
  - 3.1.2.1. High Cost of Smart Grid Network
- 3.1.3. Market Opportunities
  - 3.1.3.1. Rising smart cities projects
  - 3.1.3.2. Grid modernization
  - 3.1.3.3. Rising government investment for adoption of smart grid network

Chapter 4. Global Smart Grid Network Market Industry Analysis

4.1. Porter's 5 Force Model
- 4.1.1. Bargaining Power of Suppliers
- 4.1.2. Bargaining Power of Buyers
- 4.1.3. Threat of New Entrants
- 4.1.4. Threat of Substitutes
- 4.1.5. Competitive Rivalry
4.2. Porter's 5 Force Impact Analysis
4.3. PEST Analysis
- 4.3.1. Political
- 4.3.2. Economical
- 4.3.3. Social
- 4.3.4. Technological
- 4.3.5. Environmental
- 4.3.6. Legal
4.4. Top investment opportunity
4.5. Top winning strategies
4.6. COVID-19 Impact Analysis
4.7. Disruptive Trends
4.8. Industry Expert Perspective
4.9. Analyst Recommendation & Conclusion

Chapter 5. Global Smart Grid Network Market, by Technology Application Area

5.1. Market Snapshot
5.2. Global Smart Grid Network Market by Technology Application Area, Performance - Potential Analysis
5.3. Global Smart Grid Network Market Estimates & Forecasts by Technology Application Area 2020-2030 (USD Billion)
5.4. Smart Grid Network Market, Sub Segment Analysis
- 5.4.1. Transmission
- 5.4.2. Demand Response
- 5.4.3. Advanced Metering Infrastructure (AMI)
- 5.4.4. Other Technology Application Areas

Chapter 6. Global Smart Grid Network Market, Regional Analysis

6.1. Top Leading Countries
6.2. Top Emerging Countries
6.3. Smart Grid Network Market, Regional Market Snapshot
6.4. North America Smart Grid Network Market
- 6.4.1. U.S. Smart Grid Network Market
  - 6.4.1.1. Technology Application Area breakdown estimates & forecasts, 2020-2030
- 6.4.2. Canada Smart Grid Network Market
6.5. Europe Smart Grid Network Market Snapshot
- 6.5.1. U.K. Smart Grid Network Market
- 6.5.2. Germany Smart Grid Network Market
- 6.5.3. France Smart Grid Network Market
- 6.5.4. Spain Smart Grid Network Market
- 6.5.5. Italy Smart Grid Network Market
- 6.5.6. Rest of Europe Smart Grid Network Market
6.6. Asia-Pacific Smart Grid Network Market Snapshot
- 6.6.1. China Smart Grid Network Market
- 6.6.2. India Smart Grid Network Market
- 6.6.3. Japan Smart Grid Network Market
- 6.6.4. Australia Smart Grid Network Market
- 6.6.5. South Korea Smart Grid Network Market
- 6.6.6. Rest of Asia Pacific Smart Grid Network Market
6.7. Latin America Smart Grid Network Market Snapshot
- 6.7.1. Brazil Smart Grid Network Market
- 6.7.2. Mexico Smart Grid Network Market
6.8. Middle East & Africa Smart Grid Network Market
- 6.8.1. Saudi Arabia Smart Grid Network Market
- 6.8.2. South Africa Smart Grid Network Market
- 6.8.3. Rest of Middle East & Africa Smart Grid Network Market

Chapter 7. Competitive Intelligence

7.1. Key Company SWOT Analysis
- 7.1.1. Company 1
- 7.1.2. Company 2
- 7.1.3. Company 3
7.2. Top Market Strategies
7.3. Company Profiles
- 7.3.1. ABB Ltd
  - 7.3.1.1. Key Information
  - 7.3.1.2. Overview
  - 7.3.1.3. Financial (Subject to Data Availability)
  - 7.3.1.4. Product Summary
  - 7.3.1.5. Recent Developments
- 7.3.2. Cisco Systems Inc.
- 7.3.3. Eaton Corporation PLC
- 7.3.4. General Electric Company
- 7.3.5. Itron Inc.
- 7.3.6. Osaki Electric Co. Ltd
- 7.3.7. Hitachi Ltd
- 7.3.8. Schneider Electric SE
- 7.3.9. Siemens AG
- 7.3.10. Honeywell International Inc.

Chapter 8. Research Process

8.1. Research Process
- 8.1.1. Data Mining
- 8.1.2. Analysis
- 8.1.3. Market Estimation
- 8.1.4. Validation
- 8.1.5. Publishing
8.2. Research Attributes
8.3. Research Assumption

LIST OF TABLES

TABLE 1. Global Smart Grid Network Market, report scope
TABLE 2. Global Smart Grid Network Market estimates & forecasts by Region 2020-2030 (USD Billion)
TABLE 3. Global Smart Grid Network Market estimates & forecasts by Technology Application Area 2020-2030 (USD Billion)
TABLE 4. Global Smart Grid Network Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 5. Global Smart Grid Network Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 6. Global Smart Grid Network Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 7. Global Smart Grid Network Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 8. Global Smart Grid Network Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 9. Global Smart Grid Network Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 10. Global Smart Grid Network Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 11. Global Smart Grid Network Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 12. Global Smart Grid Network Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 13. Global Smart Grid Network Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 14. U.S. Smart Grid Network Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 15. U.S. Smart Grid Network Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 16. U.S. Smart Grid Network Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 17. Canada Smart Grid Network Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 18. Canada Smart Grid Network Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 19. Canada Smart Grid Network Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 20. UK Smart Grid Network Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 21. UK Smart Grid Network Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 22. UK Smart Grid Network Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 23. Germany Smart Grid Network Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 24. Germany Smart Grid Network Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 25. Germany Smart Grid Network Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 26. France Smart Grid Network Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 27. France Smart Grid Network Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 28. France Smart Grid Network Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 29. Italy Smart Grid Network Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 30. Italy Smart Grid Network Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 31. Italy Smart Grid Network Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 32. Spain Smart Grid Network Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 33. Spain Smart Grid Network Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 34. Spain Smart Grid Network Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 35. RoE Smart Grid Network Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 36. RoE Smart Grid Network Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 37. RoE Smart Grid Network Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 38. China Smart Grid Network Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 39. China Smart Grid Network Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 40. China Smart Grid Network Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 41. India Smart Grid Network Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 42. India Smart Grid Network Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 43. India Smart Grid Network Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 44. Japan Smart Grid Network Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 45. Japan Smart Grid Network Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 46. Japan Smart Grid Network Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 47. South Korea Smart Grid Network Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 48. South Korea Smart Grid Network Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 49. South Korea Smart Grid Network Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 50. Australia Smart Grid Network Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 51. Australia Smart Grid Network Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 52. Australia Smart Grid Network Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 53. RoAPAC Smart Grid Network Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 54. RoAPAC Smart Grid Network Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 55. RoAPAC Smart Grid Network Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 56. Brazil Smart Grid Network Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 57. Brazil Smart Grid Network Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 58. Brazil Smart Grid Network Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 59. Mexico Smart Grid Network Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 60. Mexico Smart Grid Network Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 61. Mexico Smart Grid Network Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 62. RoLA Smart Grid Network Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 63. RoLA Smart Grid Network Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 64. RoLA Smart Grid Network Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 65. Saudi Arabia Smart Grid Network Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 66. South Africa Smart Grid Network Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 67. RoMEA Smart Grid Network Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 68. List of secondary sources, used in the study of global Smart Grid Network Market
TABLE 69. List of primary sources, used in the study of global Smart Grid Network Market
TABLE 70. Years considered for the study
TABLE 71. Exchange rates considered

List of tables and figures and dummy in nature, final lists may vary in the final deliverable

LIST OF FIGURES

FIG 1. Global Smart Grid Network Market, research methodology
FIG 2. Global Smart Grid Network Market, Market estimation techniques
FIG 3. Global Market size estimates & forecast methods
FIG 4. Global Smart Grid Network Market, key trends 2022
FIG 5. Global Smart Grid Network Market, growth prospects 2023-2030
FIG 6. Global Smart Grid Network Market, porters 5 force model
FIG 7. Global Smart Grid Network Market, pest analysis
FIG 8. Global Smart Grid Network Market, value chain analysis
FIG 9. Global Smart Grid Network Market by segment, 2020 & 2030 (USD Billion)
FIG 10. Global Smart Grid Network Market by segment, 2020 & 2030 (USD Billion)
FIG 11. Global Smart Grid Network Market by segment, 2020 & 2030 (USD Billion)
FIG 12. Global Smart Grid Network Market by segment, 2020 & 2030 (USD Billion)
FIG 13. Global Smart Grid Network Market by segment, 2020 & 2030 (USD Billion)
FIG 14. Global Smart Grid Network Market, regional snapshot 2020 & 2030
FIG 15. North America Smart Grid Network Market 2020 & 2030 (USD Billion)
FIG 16. Europe Smart Grid Network Market 2020 & 2030 (USD Billion)
FIG 17. Asia pacific Smart Grid Network Market 2020 & 2030 (USD Billion)
FIG 18. Latin America Smart Grid Network Market 2020 & 2030 (USD Billion)
FIG 19. Middle East & Africa Smart Grid Network Market 2020 & 2030 (USD Billion)