HOME Top Market Reports Smart Grid Market by Solution (Advanced Metering Infrastructure, Smart Grid Distribution, Smart Grid Communication, Grid Asset Management, Geographic Information System and Billing & Customer Information System), by Service - Global Forecast to 2021

Smart Grid Market by Solution (Advanced Metering Infrastructure, Smart Grid Distribution, Smart Grid Communication, Grid Asset Management, Geographic Information System and Billing & Customer Information System), by Service - Global Forecast to 2021

By: marketsandmarkets.com
Publishing Date: July 2016
Report Code: TC 4436

 

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The smart grid market is estimated to grow from USD 19.77 Billion in 2016 to USD 65.42 Billion by 2021, at a Compound Annual Growth Rate (CAGR) of 27.0% during 2016–2021. The base year considered for the study is 2015 and the market size forecast is from 2016 to 2021. The objective of the research study is to provide detailed information regarding the key factors influencing market growth; strategically analyze subsegments with respect to individual growth trends, future prospects, and contribution to the total market; analyze opportunities in the market for stakeholders; provide strategic profiles of the key players in the market to comprehensively analyze the core competencies; and draw the competitive landscape of the market

The research methodology used to estimate and forecast the smart grid market begins with capturing data on key vendor revenues and the market size of the individual segments through secondary research. The vendor offerings are also taken into consideration to determine market segmentation. The bottom-up procedure was employed to arrive at the overall market size of the global market from the individual technology segment in the market. After arriving at the overall market size, the total market was split into several segments and subsegments, which were then verified through primary research by conducting extensive interviews with key industry personnel, such as CEOs, VPs, directors, and executives. The data triangulation and market breakdown procedures were employed to complete the overall market engineering process and to arrive at the exact statistics for all segments and subsegments. The breakdown of profiles of primary discussion participants is depicted in the below figure:

Smart Grid Market

To know about the assumptions considered for the study, download the pdf brochure

The smart grid ecosystem comprises network management system providers such as ABB Group (Switzerland), General Electric Company (U.S.), International Business Machine (U.S.), Itron Inc. (U.S.), Landis+Gyr AG (Switzerland), Oracle Corporation (U.S.), Schneider Electric SE (France), Siemens AG (Germany), Cisco Systems, Inc. (U.S.), and Open Systems International, Inc. (U.S.). These are some of the leading vendors offering technology solutions and associated services for the smart grid market. Elster Group GmbH (Germany), Siemens AG (U.S.), Itron Inc. (U.S.), and Landis+Gyr AG (Switzerland), among others, are some of the leading vendors in the Advance Metering Infrastructure (AMI) market space.

Key Target Audience

  • Utility platform and analytics vendors
  • System design and development vendors
  • System integrators/migration service providers
  • Consultants/consultancies/advisory firms
  • Training and education service providers
  • Support and maintenance service providers
  • Network service providers
  • Independent System Operators (ISOs)
  • Utilities/power generators
  • Regional transmission operators
  • Local distribution companies (LDC)
  • Retail energy service providers

Scope of the Report

The research report categorizes the smart grid market to forecast the revenues and analyze the trends in each of the following subsegments:

By Software

  • Advance metering infrastructure
    • Meter data management
    • Analytics
    • AMI security
  • Smart grid distribution management
    • Supervisory Control and Data Acquisition (SCADA)
    • Outage management
    • Distributed energy resource management
    • Demand response management
    • Energy management
  • Smart grid communication
    • Network performance monitoring management
    • Network traffic management
    • Network device management
    • Network configuration management
    • Network security management
  • Grid asset management
  • Geographic information system
  • Billing and customer information system

By Service

  • Consulting
  • Deployment and integration
  • Support and maintenance

By Region

  • North America
  • Europe
  • Asia-Pacific (APAC)
  • Middle East and Africa (MEA)
  • Latin America

Available Customizations

With the given market data, MarketsandMarkets offers customization as per the company’s specific requirements. The following customization options are available for the report:

Product Analysis

  • Product matrix provides a detailed information and product comparison

Geographic Analysis

  • Further breakdown of the North American smart grid market
  • Further breakdown of the European market
  • Further breakdown of the APAC market
  • Further breakdown of the MEA market
  • Further breakdown of the Latin American market

Company Information

  • Detailed analysis and profiling of additional market players

Table of Contents

1 Introduction (Page No. - 14)
    1.1 Objectives of the Report
    1.2 Market Definition
    1.3 Market Scope
           1.3.1 Markets Covered
           1.3.2 Years Considered in the Report
    1.4 Currency
    1.5 Limitations
    1.6 Stakeholders

2 Research Methodology (Page No. - 17)
    2.1 Research Data
           2.1.1 Secondary Data
                     2.1.1.1 Key Data From Secondary Sources
           2.1.2 Primary Data
                     2.1.2.1 Key Data From Primary Sources
                     2.1.2.2 Key Industry Insights
                     2.1.2.3 Breakdown of Primaries
    2.2 Market Size Estimation
           2.2.1 Bottom-Up Approach
           2.2.2 Top-Down Approach
    2.3 Market Breakdown and Data Triangulation
    2.4 Research Assumptions and Limitations
           2.4.1 Assumptions
           2.4.2 Limitations

3 Executive Summary (Page No. - 25)

4 Premium Insights (Page No. - 29)
    4.1 Attractive Market Opportunities in the Smart Grid Market
    4.2 Smart Grid Market, By Region
    4.3 Smart Grid Solution Market Share, By Solution
    4.4 Lifecycle Analysis, By Region, 2016
    4.5 Smart Grid Asia-Pacific Market Snapshot

5 Smart Grid Market Overview (Page No. - 32)
    5.1 Introduction
    5.2 Market Segmentation
           5.2.1 By Solution
           5.2.2 By Service
           5.2.3 By Region
    5.3 Market Dynamics
           5.3.1 Drivers
                     5.3.1.1 Government Policies and Legislative Mandates
                     5.3.1.2 Regional Government Initiatives for Smart Meters Roll-Out
                     5.3.1.3 Increasing Demand for Integration of Renewable Energy Source
                     5.3.1.4 Improved Grid Reliability and Efficient Outage Response
           5.3.2 Restraints
                     5.3.2.1 High Initial Costs for Deployment of Technology Solutions
                     5.3.2.2 Lack of Standards and Interoperability
                     5.3.2.3 Smart Grid Cyber Security and Its Vulnerabilities
           5.3.3 Opportunities
                     5.3.3.1 Revenue Opportunity for Traditional Energy Infrastructure Vendors and Emerging Vendors
                     5.3.3.2 Up-Coming Smart Cities Projects in Developing Regions
                     5.3.3.3 Modernization of Ageing Grid Infrastructure
           5.3.4 Challenges
                     5.3.4.1 Inadequate Data Management
                     5.3.4.2 Providing Business Intelligence Through Analytics

6 Smart Grid Market: Industry Trends (Page No. - 41)
    6.1 Introduction
    6.2 Value Chain Analysis
    6.3 Vendor Portfolio Analysis
    6.4 Smart Grid Investment Trend
    6.5 Top Smart Grid Projects Worldwide
    6.6 Strategic Benchmarking

7 Smart Grid Market Analysis, By Solution (Page No. - 47)
    7.1 Introduction
    7.2 Advanced Metering Infrastructure
           7.2.1 Meter Data Management
           7.2.2 Analytics
           7.2.3 Advanced Metering Infrastructure Security
    7.3 Smart Grid Distribution Management
           7.3.1 Supervisory Control and Data Acquisition
           7.3.2 Outage Management
           7.3.3 Distributed Energy Resource Management
           7.3.4 Demand Response Management
           7.3.5 Energy Management
    7.4 Smart Grid Communication
           7.4.1 Network Performance Monitoring Management
           7.4.2 Network Traffic Management
           7.4.3 Network Device Management
           7.4.4 Network Configuration Management
           7.4.5 Network Security Management
    7.5 Grid Asset Management
    7.6 Geographic Information System
    7.7 Billing and Customer Information System

8 Smart Grid Market Analysis, By Service (Page No. - 67)
    8.1 Introduction
    8.2 Consulting
    8.3 Deployment and Integration
    8.4 Support and Maintenance

9 Geographic Analysis (Page No. - 72)
    9.1 Introduction
    9.2 North America
    9.3 Europe
    9.4 Asia-Pacific
    9.5 Latin America
    9.6 Middle East and Africa

10 Competitive Landscape (Page No. - 95)
     10.1 Overview
     10.2 Competitive Situation and Trends
               10.2.1 Venture Funding
               10.2.2 New Product Launches
               10.2.3 Partnerships, Agreements, and Collaborations
               10.2.4 Business Expansions
               10.2.5 Acquisitions

11 Company Profiles (Page No. - 104)
     11.1 Introduction
(Business Overview, Products & Services, Key Insights, Recent Developments, SWOT Analysis, Ratio Analysis, MnM View)*
     11.2 Schneider Electric SE
     11.3 Siemens AG
     11.4 ABB Group
     11.5 Cisco Systems, Inc.
     11.6 General Electric Company
     11.7 IBM Corporation
     11.8 Itron, Inc.
     11.9 Landis+Gyr AG
     11.10 Oracle Corporation
     11.11 Open Systems International

*Details on Business Overview, Products & Services, Key Insights, Recent Developments, SWOT Analysis, MnM View Might Not Be Captured in Case of Unlisted Companies.

12 Appendix (Page No. - 149)
     12.1 Excerpts From Industry Experts
     12.2 Discussion Guide
     12.3 Knowledge Store: Marketsandmarkets’ Subscription Portal
     12.4 Introducing RT: Real-Time Market Intelligence
     12.5 Available Customizations
     12.6 Related Reports


List of Tables (70 Tables)

Table 1 Smart Grid Market Size and Growth Rate,2014–2021 (USD Billion, Y-O-Y%)
Table 2 Drivers: Impact Analysis
Table 3 Restraints: Impact Analysis
Table 4 Opportunities: Impact Analysis
Table 5 Challenges: Impact Analysis
Table 6 Smart Grid Market Size, By Solution, 2014-2021, (USD Million)
Table 7 Smart Grid Solution Market Size, By Region, 2014-2021, (USD Million)
Table 8 Advanced Metering Infrastructure Solution Market, By Type,2014-2021 (USD Million)
Table 9 Advanced Metering Infrastructure Solution Market, By Region,2014-2021 (USD Million)
Table 10 Meter Data Management Market Size, By Region,2014-2021 (USD Million)
Table 11 Analytics Market Size, By Region, 2014-2021 (USD Million)
Table 12 Advanced Metering Infrastructure Security Market Size, By Region, 2014-2021 (USD Million)
Table 13 Smart Grid Distribution Management Solution Market Size, By Type, 2014-2021 (USD Million)
Table 14 Smart Grid Distribution Management Solution Market Size, By Region, 2014-2021 (USD Million)
Table 15 Supervisory Control and Data Acquisition Market Size, By Region,2014-2021 (USD Million)
Table 16 Outage Management Market Size, By Region, 2014-2021 (USD Million)
Table 17 Distributed Energy Resource Management Market Size, By Region, 2014-2021 (USD Million)
Table 18 Demand Response Management Market Size, By Region,2014-2021 (USD Million)
Table 19 Energy Management Market Size, By Region, 2014-2021 (USD Million)
Table 20 Smart Grid Communication Solution Market Size, By Type,2014-2021 (USD Million)
Table 21 Smart Grid Communication Solution Market Size, By Region,2014-2021 (USD Million)
Table 22 Network Performance Monitoring Management Market Size, By Region, 2014-2021 (USD Million)
Table 23 Network Traffic Management Market Size, By Region,2014-2021 (USD Million)
Table 24 Network Device Management Market Size, By Region,2014-2021 (USD Million)
Table 25 Network Configuration Management Market Size, By Region,2014-2021 (USD Million)
Table 26 Network Security Management Market Size, By Region,2014-2021 (USD Million)
Table 27 Grid Asset Management Solution Market Size, By Region,2014-2021 (USD Million)
Table 28 Geographic Information System Solution Market Size, By Region,2014-2021 (USD Million)
Table 29 Billing and Customer Information System Solution Market Size, By Region, 2014-2021 (USD Million)
Table 30 Smart Grid Market Size, By Service, 2014-2021 (USD Million)
Table 31 Smart Grid Service Market Size, By Region, 2014-2021 (USD Million)
Table 32 Consulting Market Size, By Region, 2014-2021 (USD Million)
Table 33 Deployment and Integration Market Size, By Region,2014-2021 (USD Million)
Table 34 Support and Maintenance Market Size, By Region,2014-2021 (USD Million)
Table 35 Smart Grid Market Size, By Region, 2014-2021 (USD Million)
Table 36 North America: Smart Grid Market Size, 2014-2021 (USD Million)
Table 37 North America: Solution Market Size, By Solution,2014-2021 (USD Million)
Table 38 North America: Advanced Metering Infrastructure Market Size, Solution By Type, 2014-2021 (USD Million)
Table 39 North America: Smart Grid Distribution Management Market Size, Solution By Type, 2014-2021 (USD Million)
Table 40 North America: Smart Grid Communication Market Size, Solution By Type, 2014-2021 (USD Million)
Table 41 North America: Market Size, By Service,2014-2021 (USD Million)
Table 42 Europe: Market Size, 2014-2021 (USD Million)
Table 43 Europe: Smart Grid Market Size, By Solution, 2014-2021 (USD Million)
Table 44 Europe: Advanced Metering Infrastructure Market Size, Solution By Type, 2014-2021 (USD Million)
Table 45 Europe: Smart Grid Distribution Management Market Size, Solution By Type, 2014-2021 (USD Million)
Table 46 Europe: Smart Grid Communication Market Size, Solution By Type,2014-2021 (USD Million)
Table 47 Europe: Service Market Size, By Service, 2014-2021 (USD Million)
Table 48 Asia-Pacific: Market Size, 2014-2021 (USD Million)
Table 49 Asia-Pacific: Smart Grid Market Size, By Solution,2014-2021 (USD Million)
Table 50 Asia-Pacific: Advanced Metering Infrastructure Market Size, Solution By Type, 2014-2021 (USD Million)
Table 51 Asia-Pacific: Smart Grid Distribution Management Market Size, Solution By Type, 2014-2021 (USD Million)
Table 52 Asia-Pacific: Smart Grid Communication Market Size, Solution By Type, 2014-2021 (USD Million)
Table 53 Asia-Pacific: Market Size, By Service, 2014-2021 (USD Million)
Table 54 Latin America: Market Size, 2014-2021 (USD Million)
Table 55 Latin America: Smart Grid Market Size, By Solution,2014-2021 (USD Million)
Table 56 Latin America: Advanced Metering Infrastructure Market Size, Solution By Type, 2014-2021 (USD Million)
Table 57 Latin America: Smart Grid Distribution Management Market Size, Solution By Type, 2014-2021 (USD Million)
Table 58 Latin America: Smart Grid Communication Market Size, Solution By Type, 2014-2021 (USD Million)
Table 59 Latin America: Smart Grid Market Size, By Service,2014-2021 (USD Million)
Table 60 Middle East and Africa: Market Size, 2014-2021 (USD Million)
Table 61 Middle East and Africa: Market Size, By Solution,2014-2021 (USD Million)
Table 62 Middle East and Africa: Advanced Metering Infrastructure Market Size, Solution By Type, 2014-2021 (USD Million)
Table 63 Middle East and Africa: Smart Grid Distribution Management Market Size, Solution By Type, 2014-2021 (USD Million)
Table 64 Middle East and Africa: Smart Grid Communication Market Size, Solution By Type, 2014-2021 (USD Million)
Table 65 Middle East and Africa: Smart Grid Market Size, By Service,2014-2021 (USD Million)
Table 66 Venture Funding, 2013–2016
Table 67 New Product Launches, 2013–2016
Table 68 Agreements, Partnerships, and Collaborations, 2013–2016
Table 69 Business Expansions, 2013–2015
Table 70 Acquisitions, 2013–2015
 
 
List of Figures (55 Figures)
 
Figure 1 Smart Grid Market: Research Design
Figure 2 Research Methodology
Figure 3 Market Size Estimation Methodology: Bottom-Up Approach
Figure 4 Market Size Estimation Methodology: Top-Down Approach
Figure 5 Market Breakdown and Data Triangulation
Figure 6 Smart Grid Market Size and Growth Rate,2014–2021 (USD Billion, Y-O-Y%)
Figure 7 Fastest-Growing Segments of the Smart Grid Market
Figure 8 North America is Expected to Dominate the Smart Grid Market in 2016
Figure 9 Need for Reliable and Efficient Grid Management Would Significantly Impact Growth in the Smart Gird Market
Figure 10 Asia-Pacific is Expected to Exhibit the Highest CAGR During the Forecast Period
Figure 11 Advanced Metering Infrastructure is Expected to Hold the Largest Market Share During the Forecast Period 2014-2021
Figure 12 Asia-Pacific and Middle East and Africa Have High Growth Opportunity in the Smart Grid Market
Figure 13 Solutions Segment is Expected to Hold the Largest Market Share in Asia-Pacific During the Forecast Period
Figure 14 Market Segmentation: By Solution
Figure 15 Market Segmentation: By Service
Figure 16 Market Segmentation: By Region
Figure 17 Smart Grid Market: Drivers, Restraints, Opportunities, and Challenges
Figure 18 Smart Grid Market: Value Chain Analysis
Figure 19 Vendor Portfolio Analysis
Figure 20 Smart Grid Venture Investments, 2009-2014
Figure 21 Smart Grid Global Deals Outlook, 2009-2014
Figure 22 North America Accounts for the Most Number of Smart Grid Projects
Figure 23 Smart Grid Market: Strategic Benchmarking
Figure 24 Business Processes Aligned With Meter Data Management
Figure 25 Smart Grid/Advanced Distribution Management Architectural Model
Figure 26 Outage Management Interactive Model
Figure 27 Adoption of Energy Management System Software Market By Different Verticals
Figure 28 Evolution of Smart Grid
Figure 29 North America Would Be the Leading Region in Terms of Market Size in 2016
Figure 30 Asia-Pacific and the Middle East & Africa: Hot Spot for the Smart Grid Solution Market, 2016-2021
Figure 31 North America Market Snapshot
Figure 32 Asia-Pacific Market Snapshot
Figure 33 Companies Adopted Partnership, Agreement, and Collaboration as the Key Growth Strategy From 2013 to 2016
Figure 34 Market Evaluation Framework
Figure 35 Battle for Market Share: Companies Adopted Inorganic Growth Strategies to Strengthen Their Market Position
Figure 36 Geographic Revenue Mix of Top Players
Figure 37 ABB Group: Company Snapshot
Figure 38 ABB Group: SWOT Analysis
Figure 39 Cisco Systems, Inc.: Company Snapshot
Figure 40 Cisco Systems, Inc.: SWOT Analysis
Figure 41 General Electric Company: Company Snapshot
Figure 42 General Electric Company: SWOT Analysis
Figure 43 IBM Corporation: Company Snapshot
Figure 44 IBM Corporation: SWOT Analysis
Figure 45 Itron, Inc.: Company Snapshot
Figure 46 Itron, Inc.: SWOT Analysis
Figure 47 Landis+Gyr AG: Company Snapshot
Figure 48 Landis+Gyr AG: SWOT Analysis
Figure 49 Oracle Corporation: Company Snapshot
Figure 50 Oracle Corporation: SWOT Analysis
Figure 51 Open Systems International: SWOT Analysis
Figure 52 Schneider Electric SE: Company Snapshot
Figure 53 Schneider Electric: SWOT Analysis
Figure 54 Siemens AG: Company Snapshot
Figure 55 Siemens AG: SWOT Analysis

MarketsandMarkets forecasts the smart grid market size to grow from USD 19.77 Billion in 2016 to USD 65.42 Billion by 2021, at a Compound Annual Growth Rate (CAGR) of 27.0%. Mandatory regulations and policies, increasing concern for reducing carbon footprints, need for replacing aging infrastructure, and need for centralized gird distribution management and control are some of the key factors driving the market. Other driving forces include growing need for carbon efficiency and efficient distribution management and growing inclination towards efficient energy management.

The smart grid market is broadly classified by type into software and services. The software market is segmented as advanced metering infrastructure, smart grid distribution management, smart grid communication, grid asset management, geographic information system, and billing & customer information system.

The smart grid distribution management software segment is expected to grow at the highest CAGR during the forecast period. The initial findings about the market depicts that rising demand for smart grid technology solutions, increasing adoption of distributed renewable generation, and regulatory pressure for reducing carbon emission are some of the major driving factors for this market.

The services segment is further divided into consulting, deployment & integration, and support & maintenance services. Compared to software, the services segment is expected to grow at the highest CAGR during the forecast period. The services in the smart grid market are aimed at enabling smart and coordinated decision making process and mitigating the risks and vulnerabilities of the market using efficient tools and techniques.

The smart grid market is segmented into five regions, namely North America, Asia-Pacific (APAC), Europe, Middle East and Africa (MEA), and Latin America. The analysis shows that the spending on smart grid is increasing globally due to the increasing Information and Communications Technology (ICT) integration across utilities, especially in developing regions. North America is projected to dominate the smart grid market during the forecast period owing to technological advancements and early adoption of smart grid software and services in the region. The market in APAC is expected to grow at the highest CAGR between 2016 and 2021.

Smart Grid Market

The adoption of smart grid software and services is accelerating at a steady pace in the developing regions, such as APAC and MEA. However, interoperability and standard interface issue is a major restraining factor for the growth of the smart grid market. However, worldwide increase in smart grid deployments is expected to provide significant growth opportunities.

On a strategic front, many companies are utilizing different growth strategies, such as mergers & acquisitions, partnerships & collaborations, and product development to increase their share in the smart grid market. In November 2015, General Electric (GE) acquired Alstom’s power and grid business. This acquisition transformed GE’s offering in the energy sector as Alstom has added to its core industrial growth of the energy business. Recently, in May 2016, Oracle announced the acquisition of Opower, the leading provider of customer engagement and energy efficiency cloud services to utilities. With this acquisition, Oracle has become the largest provider of mission-critical cloud services to USD 2.3 trillion utility sectors. Some of the major technology vendors include ABB Group, General Electric Company, International Business Machine, Itron Inc., Landis+Gyr AG, Oracle Corporation, Schneider Electric SE, Siemens AG, Cisco Systems, Inc., and Open Systems International, Inc.

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