Cover Image
Market Research Report

Global Smart Grid Market Size study, by Software, Hardware, Service and Regional Forecasts 2020-2026

Published by Bizwit Research & Consulting LLP Product code 933823
Published Content info
Delivery time: 2-3 business days
Price
Back to Top
Global Smart Grid Market Size study, by Software, Hardware, Service and Regional Forecasts 2020-2026
Published: April 10, 2020 Content info:
Description

Global Smart Grid Market is valued approximately USD 28.77 billion in 2019 and is anticipated to grow with a healthy growth rate of more than 21 % over the forecast period 2019-2026. A smart grid is an electrical grid which comprises a variety of operation and energy measures including, energy efficient resources, renewable energy resources, smart appliances and smart meters. The smart grid provides technologies that improve fault detection and enables self-healing of the network automatically after the power disturbances. Smart Grid allows real-time monitoring and regulation of the power system as well as helps to reduce AT&C losses. Hence the increasing adoption of smart grids amidst these benefits drives the market towards growth. Moreover, rising environmental concerns along with supporting government policies and initiatives for the deployment and installation of smart meters further drives the market growth. As as per US Energy Information Administration in 2018 there were 86.8 million smart metering infrastructure installations in US electric utilities of which 88% belonged to the residential sector. And as of June 2018, operator Enexis Netbeheer installed 900 thousand smart meters in one region of Netherlands and further plans to install 2.8 million electricity smart meters and same number of smart gas meters by 2020. Also, increasing investments in the digital electrical infrastructure and smart grid infrastructure further fuels the market growth. As the per United States Department of Energy report of 2018, the US utilities invested USD 144 billion in electricity generation, transmission and distribution in 2016. Also, the Annual smart grid investments rose by 41% from USD 3.4 billion in 2014 to USD 4.8 billion in 2016 and is further projected to rise to USD 13.8 billion by 2024. However, high Initial Costs for deployment of smart grid technology solutions impedes the growth of the market over the forecast period of 2020-2026. Although, increasing number of electric vehicles and rising smart city developments provide an opportunistic market for Smart Grids during the forecast period.

The regional analysis of global Smart Grid market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. North America is the leading/significant region across the world in terms of market share owing to the tremendous support from the government coupled with high investments in the smart grid technology. As June 2018 the Nova Scotia Utility and Review Board (UARB) approved a USD 133.2 million advanced metering infrastructure project which aims to install 500 thousand digital smart meters by 2020 in Nova Scotia, a province in Canada. Whereas, Asia-Pacific is also anticipated to exhibit highest growth rate / CAGR over the forecast period 2020-2026. Factors such as rising smart city projects and increasing smart meter deployments through the governments would create lucrative growth prospects for the Smart Grid market across Asia-Pacific region.

Major market player included in this report are:

General Electric Company (US)

ABB (Switzerland)

Siemens AG (Germany)

Schneider Electric SE (France)

Itron (US)

Landis+Gyr (Switzerland)

Aclara Technologies LLC (US)

Cisco Systems Inc. (US)

OSI Systems Inc. (US)

IBM Corporation (US)

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 eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Software:

Advanced Metering Infrastructure

Smart Grid Distribution Management

Smart Grid Network Management

Grid Asset Management

Substation Automation

Smart Grid Security

Billing and Customer Information System

By Hardware:

Smart Meter

By Services:

Consulting

Deployment and Integration

Support and Maintenance

By Region:

North America

U.S.

Canada

Europe

UK

Germany

Asia Pacific

China

India

Japan

Latin America

Brazil

Mexico

Rest of the World

Furthermore, years considered for the study are as follows:

Historical year - 2016, 2017, 2018

Base year - 20198

Forecast period - 2020 to 2026

Target Audience of the Global Smart Grid Market in Market Study:

Key Consulting Companies & Advisors

Large, medium-sized, and small enterprises

Venture capitalists

Value-Added Resellers (VARs)

Third-party knowledge providers

Investment bankers

Investors

Table of Contents

Chapter 1. Executive Summary

  • 1.1. Market Snapshot
  • 1.2. Global & Segmental Market Estimates & Forecasts, 2018-2026 (USD Billion)
    • 1.2.1. Smart Grid Market, by Region, 2018-2026 (USD Billion)
    • 1.2.2. Smart Grid Market, by Software, 2018-2026 (USD Billion)
    • 1.2.3. Smart Grid Market, by Hardware, 2018-2026 (USD Billion)
    • 1.2.4. Smart Grid Market, by Service, 2018-2026 (USD Billion)
  • 1.3. Key Trends
  • 1.4. Estimation Methodology
  • 1.5. Research Assumption

Chapter 2. Global Smart Grid Market Definition and Scope

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

Chapter 3. Global Smart Grid Market Dynamics

  • 3.1. Smart Grid Market Impact Analysis (2018-2026)
    • 3.1.1. Market Drivers
    • 3.1.2. Market Challenges
    • 3.1.3. Market Opportunities

Chapter 4. Global Smart Grid 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
    • 4.1.6. Futuristic Approach to Porter's 5 Force Model (2016-2026)
  • 4.2. PEST Analysis
    • 4.2.1. Political
    • 4.2.2. Economical
    • 4.2.3. Social
    • 4.2.4. Technological
  • 4.3. Investment Adoption Model
  • 4.4. Analyst Recommendation & Conclusion

Chapter 5. Global Smart Grid Market, by Software

  • 5.1. Market Snapshot
  • 5.2. Global Smart Grid Market by Software, Performance - Potential Analysis
  • 5.3. Global Smart Grid Market Estimates & Forecasts by Software 2016-2026 (USD Billion)
  • 5.4. Smart Grid Market, Sub Segment Analysis
    • 5.4.1. Advanced Metering Infrastructure
    • 5.4.2. Smart Grid Distribution Management
    • 5.4.3. Smart Grid Network Management
    • 5.4.4. Grid Asset Management
    • 5.4.5. Substation Automation
    • 5.4.6. Smart Grid Security
    • 5.4.7. Billing and Customer Information System

Chapter 6. Global Smart Grid Market, by Hardware

  • 6.1. Market Snapshot
  • 6.2. Global Smart Grid Market by Hardware, Performance - Potential Analysis
  • 6.3. Global Smart Grid Market Estimates & Forecasts by Hardware 2016-2026 (USD Billion)
  • 6.4. Smart Grid Market, Sub Segment Analysis
    • 6.4.1. Smart Meter

Chapter 7. Global Smart Grid Market, by Service

  • 7.1. Market Snapshot
  • 7.2. Global Smart Grid Market by Service, Performance - Potential Analysis
  • 7.3. Global Smart Grid Market Estimates & Forecasts by Service 2016-2026 (USD Billion)
  • 7.4. Smart Grid Market, Sub Segment Analysis
    • 7.4.1. Consulting
    • 7.4.2. Deployment and Integration
    • 7.4.3. Support and Maintenance

Chapter 8. Global Smart Grid Market, Regional Analysis

  • 8.1. Smart Grid Market, Regional Market Snapshot
  • 8.2. North America Smart Grid Market
    • 8.2.1. U.S. Smart Grid Market
      • 8.2.1.1. Software breakdown estimates & forecasts, 2016-2026
      • 8.2.1.2. Hardware breakdown estimates & forecasts, 2016-2026
      • 8.2.1.3. Service breakdown estimates & forecasts, 2016-2026
    • 8.2.2. Canada Smart Grid Market
  • 8.3. Europe Smart Grid Market Snapshot
    • 8.3.1. U.K. Smart Grid Market
    • 8.3.2. Germany Smart Grid Market
    • 8.3.3. Rest of Europe Smart Grid Market
  • 8.4. Asia-Pacific Smart Grid Market Snapshot
    • 8.4.1. China Smart Grid Market
    • 8.4.2. India Smart Grid Market
    • 8.4.3. Japan Smart Grid Market
    • 8.4.4. Rest of Asia Pacific Smart Grid Market
  • 8.5. Latin America Smart Grid Market Snapshot
    • 8.5.1. Brazil Smart Grid Market
    • 8.5.2. Mexico Smart Grid Market
  • 8.6. Rest of The World Smart Grid Market

Chapter 9. Competitive Intelligence

  • 9.1. Top Market Strategies
  • 9.2. Company Profiles
    • 9.2.1. General Electric Company (US)
      • 9.2.1.1. Key Information
      • 9.2.1.2. Overview
      • 9.2.1.3. Financial (Subject to Data Availability)
      • 9.2.1.4. Product Summary
      • 9.2.1.5. Recent Developments
    • 9.2.2. ABB (Switzerland)
    • 9.2.3. Siemens AG (Germany)
    • 9.2.4. Schneider Electric SE (France)
    • 9.2.5. Itron (US)
    • 9.2.6. Landis+Gyr (Switzerland)
    • 9.2.7. Aclara Technologies LLC (US)
    • 9.2.8. Cisco Systems Inc. (US)
    • 9.2.9. OSI Systems Inc. (US)
    • 9.2.10. IBM Corporation (US)

Chapter 10. Research Process

  • 10.1. Research Process
    • 10.1.1. Data Mining
    • 10.1.2. Analysis
    • 10.1.3. Market Estimation
    • 10.1.4. Validation
    • 10.1.5. Publishing
  • 10.2. Research Attributes
  • 10.3. Research Assumption

List of Tables

  • TABLE 1. List of secondary sources, used in the study of global Smart Grid market
  • TABLE 2. List of primary sources, used in the study of global Smart Grid market
  • TABLE 3. Global Smart Grid market, report scope
  • TABLE 4. Years considered for the study
  • TABLE 5. Exchange rates considered
  • TABLE 6. Global Smart Grid market estimates & forecasts by region 2016-2026 (USD billion)
  • TABLE 7. Global Smart Grid market estimates & forecasts by Software 2016-2026 (USD billion)
  • TABLE 8. Global Smart Grid market estimates & forecasts by Hardware 2016-2026 (USD billion)
  • TABLE 9. Global Smart Grid market estimates & forecasts by Service 2016-2026 (USD billion)
  • TABLE 10. Global Smart Grid market by segment, estimates & forecasts, 2016-2026 (USD billion)
  • TABLE 11. Global Smart Grid market by region, estimates & forecasts, 2016-2026 (USD billion)
  • TABLE 12. Global Smart Grid market by segment, estimates & forecasts, 2016-2026 (USD billion)
  • TABLE 13. Global Smart Grid market by region, estimates & forecasts, 2016-2026 (USD billion)
  • TABLE 14. Global Smart Grid market by segment, estimates & forecasts, 2016-2026 (USD billion)
  • TABLE 15. Global Smart Grid market by region, estimates & forecasts, 2016-2026 (USD billion)
  • TABLE 16. Global Smart Grid market by segment, estimates & forecasts, 2016-2026 (USD billion)
  • TABLE 17. Global Smart Grid market by region, estimates & forecasts, 2016-2026 (USD billion)
  • TABLE 18. Global Smart Grid market by segment, estimates & forecasts, 2016-2026 (USD billion)
  • TABLE 19. Global Smart Grid market by region, estimates & forecasts, 2016-2026 (USD billion)
  • TABLE 20. Global Smart Grid market by segment, estimates & forecasts, 2016-2026 (USD billion)
  • TABLE 21. Global Smart Grid market by region, estimates & forecasts, 2016-2026 (USD billion)
  • TABLE 22. Global Smart Grid market by segment, estimates & forecasts, 2016-2026 (USD billion)
  • TABLE 23. Global Smart Grid market by region, estimates & forecasts, 2016-2026 (USD billion)
  • TABLE 24. Global Smart Grid market by segment, estimates & forecasts, 2016-2026 (USD billion)
  • TABLE 25. Global Smart Grid market by region, estimates & forecasts, 2016-2026 (USD billion)
  • TABLE 26. Global Smart Grid market by segment, estimates & forecasts, 2016-2026 (USD billion)
  • TABLE 27. Global Smart Grid market by region, estimates & forecasts, 2016-2026 (USD billion)
  • TABLE 28. Global Smart Grid market by segment, estimates & forecasts, 2016-2026 (USD billion)
  • TABLE 29. Global Smart Grid market by region, estimates & forecasts, 2016-2026 (USD billion)
  • TABLE 30. Global Smart Grid market by segment, estimates & forecasts, 2016-2026 (USD billion)
  • TABLE 31. Global Smart Grid market by region, estimates & forecasts, 2016-2026 (USD billion)
  • TABLE 32. U.S. Smart Grid market estimates & forecasts, 2016-2026 (USD billion)
  • TABLE 33. U.S. Smart Grid market estimates & forecasts by segment 2016-2026 (USD billion)
  • TABLE 34. U.S. Smart Grid market estimates & forecasts by segment 2016-2026 (USD billion)
  • TABLE 35. Canada Smart Grid market estimates & forecasts, 2016-2026 (USD billion)
  • TABLE 36. Canada Smart Grid market estimates & forecasts by segment 2016-2026 (USD billion)
  • TABLE 37. Canada Smart Grid market estimates & forecasts by segment 2016-2026 (USD billion)
  • TABLE 38. UK Smart Grid market estimates & forecasts, 2016-2026 (USD billion)
  • TABLE 39. UK Smart Grid market estimates & forecasts by segment 2016-2026 (USD billion)
  • TABLE 40. UK Smart Grid market estimates & forecasts by segment 2016-2026 (USD billion)
  • TABLE 41. Germany Smart Grid market estimates & forecasts, 2016-2026 (USD billion)
  • TABLE 42. Germany Smart Grid market estimates & forecasts by segment 2016-2026 (USD billion)
  • TABLE 43. Germany Smart Grid market estimates & forecasts by segment 2016-2026 (USD billion)
  • TABLE 44. RoE Smart Grid market estimates & forecasts, 2016-2026 (USD billion)
  • TABLE 45. RoE Smart Grid market estimates & forecasts by segment 2016-2026 (USD billion)
  • TABLE 46. RoE Smart Grid market estimates & forecasts by segment 2016-2026 (USD billion)
  • TABLE 47. China Smart Grid market estimates & forecasts, 2016-2026 (USD billion)
  • TABLE 48. China Smart Grid market estimates & forecasts by segment 2016-2026 (USD billion)
  • TABLE 49. China Smart Grid market estimates & forecasts by segment 2016-2026 (USD billion)
  • TABLE 50. India Smart Grid market estimates & forecasts, 2016-2026 (USD billion)
  • TABLE 51. India Smart Grid market estimates & forecasts by segment 2016-2026 (USD billion)
  • TABLE 52. India Smart Grid market estimates & forecasts by segment 2016-2026 (USD billion)
  • TABLE 53. Japan Smart Grid market estimates & forecasts, 2016-2026 (USD billion)
  • TABLE 54. Japan Smart Grid market estimates & forecasts by segment 2016-2026 (USD billion)
  • TABLE 55. Japan Smart Grid market estimates & forecasts by segment 2016-2026 (USD billion)
  • TABLE 56. RoAPAC Smart Grid market estimates & forecasts, 2016-2026 (USD billion)
  • TABLE 57. RoAPAC Smart Grid market estimates & forecasts by segment 2016-2026 (USD billion)
  • TABLE 58. RoAPAC Smart Grid market estimates & forecasts by segment 2016-2026 (USD billion)
  • TABLE 59. Brazil Smart Grid market estimates & forecasts, 2016-2026 (USD billion)
  • TABLE 60. Brazil Smart Grid market estimates & forecasts by segment 2016-2026 (USD billion)
  • TABLE 61. Brazil Smart Grid market estimates & forecasts by segment 2016-2026 (USD billion)
  • TABLE 62. Mexico Smart Grid market estimates & forecasts, 2016-2026 (USD billion)
  • TABLE 63. Mexico Smart Grid market estimates & forecasts by segment 2016-2026 (USD billion)
  • TABLE 64. Mexico Smart Grid market estimates & forecasts by segment 2016-2026 (USD billion)
  • TABLE 65. RoLA Smart Grid market estimates & forecasts, 2016-2026 (USD billion)
  • TABLE 66. RoLA Smart Grid market estimates & forecasts by segment 2016-2026 (USD billion)
  • TABLE 67. RoLA Smart Grid market estimates & forecasts by segment 2016-2026 (USD billion)
  • TABLE 68. RoW Smart Grid market estimates & forecasts, 2016-2026 (USD billion)
  • TABLE 69. RoW Smart Grid market estimates & forecasts by segment 2016-2026 (USD billion)
  • TABLE 70. RoW Smart Grid market estimates & forecasts by segment 2016-2026 (USD billion)

List of Figures

  • FIG 1. Global Smart Grid market, research methodology
  • FIG 2. Global Smart Grid market, market estimation techniques
  • FIG 3. Global market size estimates & forecast methods
  • FIG 4. Global Smart Grid market, key trends 2019
  • FIG 5. Global Smart Grid market, growth prospects 2020-2026
  • FIG 6. Global Smart Grid market, porters 5 force model
  • FIG 7. Global Smart Grid market, pest analysis
  • FIG 8. Global Smart Grid market, value chain analysis
  • FIG 9. Global Smart Grid market by segment, 2016 & 2026 (USD billion)
  • FIG 10. Global Smart Grid market by segment, 2016 & 2026 (USD billion)
  • FIG 11. Global Smart Grid market by segment, 2016 & 2026 (USD billion)
  • FIG 12. Global Smart Grid market by segment, 2016 & 2026 (USD billion)
  • FIG 13. Global Smart Grid market by segment, 2016 & 2026 (USD billion)
  • FIG 14. Global Smart Grid market by segment, 2016 & 2026 (USD billion)
  • FIG 15. Global Smart Grid market by segment, 2016 & 2026 (USD billion)
  • FIG 16. Global Smart Grid market by segment, 2016 & 2026 (USD billion)
  • FIG 17. Global Smart Grid market by segment, 2016 & 2026 (USD billion)
  • FIG 18. Global Smart Grid market by segment, 2016 & 2026 (USD billion)
  • FIG 19. Global Smart Grid market by segment, 2016 & 2026 (USD billion)
  • FIG 20. Global Smart Grid market, regional snapshot 2016 & 2026
  • FIG 21. North America Smart Grid market 2016 & 2026 (USD billion)
  • FIG 22. Europe Smart Grid market 2016 & 2026 (USD billion)
  • FIG 23. Asia pacific Smart Grid market 2016 & 2026 (USD billion)
  • FIG 24. Latin America Smart Grid market 2016 & 2026 (USD billion)
  • FIG 25. Global Smart Grid market, company market share analysis (2019)
Back to Top