Market Research Report
Utility Opportunities in Smart Cities - EV Charging, Smart Street Lighting, Smart Buildings, DER and Smart City Communication Networks: Global Market Analysis and Forecasts
|Published by||Guidehouse Insights (formerly Navigant Research)||Product code||801087|
|Published||Content info||54 Pages; 28 Tables, Charts & Figures
Delivery time: 1-2 business days
|Utility Opportunities in Smart Cities - EV Charging, Smart Street Lighting, Smart Buildings, DER and Smart City Communication Networks: Global Market Analysis and Forecasts|
|Published: February 13, 2019||Content info: 54 Pages; 28 Tables, Charts & Figures||
The shift to a decarbonized global economy and toward an increasingly clean, intelligent, mobile, and distributed energy ecosystem presents immense opportunities and challenges for energy utilities. The unprecedented array of challenges includes flat or decreasing electricity demand, increasing costs of maintaining existing infrastructure to deliver energy, rapid increases in the use of renewable energy and distributed energy resources (DER), and the arrival of competing energy service companies offering customers products and services traditionally offered by utilities. As a result, utilities are struggling to maintain their market share and profitability.
Smart cities sit at the confluence of major disruptions across multiple industries, including energy, transportation, buildings, and core city services. Utilities around the world are becoming increasingly integrated with smart city deployments, driven by the need to generate new revenue opportunities. Smart city applications such as EV charging infrastructure and services, smart street lighting, smart buildings, DER, and smart city communication networks all offer significant new business opportunities for utilities. According to Navigant Research, the annual utility revenue opportunity in smart cities is expected to grow from almost $45 billion in 2018 to over $100 billion by 2027.
This Navigant Research report analyzes the global smart city business opportunities for utilities. The study focuses on smart city use cases such as EV charging, smart street lighting, smart buildings, DER, and smart city communication networks. It includes a study of regional trends, utility case studies, and key barriers and opportunities in the market. Global market forecasts, segmented by region and smart city technology type, extend through 2027.