Smart Grid Market by Software (AMI, Grid Distribution, Grid Network, Grid Asset, Grid Security, Substation Automation, and Billing & CIS), Hardware (Smart Meter), Service (Consulting, Integration, and Support), and Region - Global Forecast to 2023
The study involved 4 major activities to estimate the current market size of the smart grid market. Exhaustive secondary research was done to collect information about the smart grid market. The next step was to validate the market findings, assumptions, and sizing with industry experts across the value chain using primary research. Both top-down and bottom-up approaches were employed to estimate the complete market size. Thereafter, the market breakdown and data triangulation procedures were used to estimate the market size of the segments and sub segments of the smart grid market.
Secondary Research
In the secondary research process, various secondary sources, such as Hoovers, Bloomberg BusinessWeek, and Dun & Bradstreet, have been referred to identify and collect information for this study. These secondary sources included annual reports, press releases, and investor presentations of companies; whitepapers; certified publications; and articles by recognized authors, gold standard and silver standard websites, regulatory bodies, trade directories, and databases.
Primary Research
The smart grid market comprises several stakeholders, such as power service providers, solution vendors, service providers, system integrators, technology partners, Original Equipment Manufacturers (OEMs), consulting firms, research organizations, managed service providers, government and planning agencies, resellers and distributors, enterprise users, and technology providers. The demand-side of the smart grid market consists of utility providers, regional energy providers, and private electricity suppliers. The supply-side includes smart grid software providers offering different types of smart grid software, such as advanced metering infrastructure, smart grid distribution management, smart grid network management, grid asset management, substation automation, smart grid security, and billing and customer information system. Various primary sources from both the supply- and demand- sides of the market were interviewed to obtain qualitative and quantitative information. Following is the breakup of the primary respondents:
To know about the assumptions considered for the study, download the pdf brochure
Market Size Estimation
Both top-down and bottom-up approaches were used to estimate and validate the total size of the smart grid market. These methods were also used extensively to estimate the size of various subsegments in the market. The research methodology used to estimate the market size includes the following:
- The key players in the market have been identified through extensive secondary research.
- The industry’s supply chain and market size in terms of value have been determined through primary and secondary research processes.
- All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.
Data Triangulation
After arriving at the overall market size using the market size estimation processes as explained above, the market was split into several segments and subsegments. To complete the overall market engineering process and arrive at the exact statistics of each market segment and subsegment, the data triangulation and market breakdown procedures were employed wherever applicable. The data was triangulated by studying various factors and trends from both the demand- and supply- sides of the smart grid market.
Report Objectives
- To determine and forecast the global smart grid market by software, hardware, services, and regions from 2018 to 2023, and analyze various macroeconomic and microeconomic factors which influence the market growth
- To provide detailed information about the major factors (drivers, restraints, opportunities, and industry-specific challenges) influencing the growth of the smart grid market
- To analyze the market with respect to the individual growth trends, prospects, and contributions to the smart grid market
- To forecast the market size of 5 main regions, namely, North America, Europe, Asia Pacific (APAC), Middle East and Africa (MEA), and Latin America
- To analyze the opportunities in the market for stakeholders by identifying the high-growth segments of the smart grid market
- To profile the key players in the smart grid market and comprehensively analyze their core competencies in each microsegment
- To analyze the competitive developments, such as agreements, contracts, joint ventures, and mergers and acquisitions, in the smart grid market
Scope of the Report
|
Report Metrics |
Details |
|
Market size available for years |
2016–2023 |
|
Base year considered |
2017 |
|
Forecast period |
2018–2023 |
|
Forecast units |
Value(USD) |
|
Segments covered |
Software, Hardware, Service, and Region |
|
Geographies covered |
North America, Europe, APAC, MEA, and Latin America |
|
Companies covered |
It includes 26 major vendors, namely, General Electric (US), ABB (Switzerland), Siemens (Germany), Schneider Electric (France), Itron (US), Landis+Gyr (Switzerland), Aclara (US), Cisco (US), OSI (US), IBM (US), Wipro (India), Honeywell (US), Oracle (US), S&C Electric Company (US), Eaton (Ireland), Kamstrup (Denmark), Trilliant Holdings (US), Globema (Poland), Tech Mahindra (India), Enel X North America (US), eSmart Systems (Norway), Tanatalus (US), EsyaSoft (India), Grid4C (US), and C3 Energy (US) |
This research report categorizes the smart grid market to forecast revenues and analyze trends in each of the following submarkets:
On the basis of software, the smart grid market has been segmented as follows:
- Advanced Metering Infrastructure
- Smart Grid Distribution Management
- Smart Grid Network Management
- Grid Asset Management
- Substation Automation
- Smart Grid Security
- Billing and Customer Information System
On the basis of hardware, the smart grid market has been segmented as follows:
- Smart Meter
On the basis of services, the smart grid market has been segmented as follows:
- Consulting
- Deployment and Integration
- Support and Maintenance
On the basis of regions, the smart market has been segmented as follows:
- North America
- US
- Canada
- Europe
- UK
- Germany
- France
- Rest of Europe
- APAC
- China
- Japan
- India
- South Korea
- Rest of APAC
- MEA
- Kingdom of Saudi Arabia (KSA)
- Qatar
- United Arab Emirates (UAE)
- South Africa
- Rest of MEA
- Latin America
- Brazil
- Mexico
- Rest of Latin America
Available Customizations
With the given market data, MarketsandMarkets offers customizations as per the company’s specific needs. The following customization options are available for the report:
Product Analysis
- Product Matrix that offers a detailed comparison of the product portfolio of each company
- Further breakdown of the US smart grid market by component
Company Information
- Detailed analysis and profiling of additional market players (Up to 5)
The global smart grid market size is projected to grow from USD 23.8 billion in 2018 to USD 61.3 billion by 2023, at a CAGR of 20.9% from 2018 to 2023. Major growth factors for the market include governments’ supportive policies and legislative mandates, improved grid reliability and efficient outage response, increasing awareness about carbon footprint management, and modernization of aging grid infrastructure.
Based on component, the software segment to be the largest contributor to the smart grid market during the forecast period
The smart grid market by component has 3 segments: software, hardware, and services. Smart grid software helps simplify the implementation and functionality of the smart grid. The smart grid software enables grid players to ensure effective management of smart grid operations, improve process efficiency, and reduce energy production costs. Hence, the software segment in the smart grid market would witness an increasing demand from utilities.
Based on software, the smart grid distribution management segment to grow at the highest CAGR from 2018 to 2023
Based on software, the smart grid market has smart grid distribution management, substation automation, smart grid network management, grid asset management, advanced metering infrastructure (AMI), smart grid security, and billing and customer information system segments. The smart grid distribution management helps utilities in providing consistent, safe, and proficient power by offering advanced analytics, monitoring, training, and optimization by integrating OMS, EMS, DMS, DRM, and SCADA. Key growth drivers for the smart grid distribution management software market include the growing smart grid technology market, increasing adoption of distributed renewable generation, and regulatory pressure for reducing carbon emission.
Based on region, North America to be the largest contributor to the smart grid market during the forecast period
Based on region, the smart grid market covers 5 major geographic regions: North America, Europe, Asia Pacific (APAC), the Middle East and Africa (MEA), and Latin America. North America is estimated to be the largest smart grid market in 2018, owing to the early adoption of smart grid projects. Developed economies of the US and Canada invest heavily in leading platforms of the smart grid market.
Key market players
Key players operating in the smart grid market include General Electric (GE; US), ABB (Switzerland), Siemens (Germany), Schneider Electric (France), Itron (US), Landis+Gyr (Switzerland), Aclara (US), Cisco (US), OSI (US), IBM (US), Wipro (India), Honeywell (US), Oracle (US), S&C Electric Company (US), Eaton (Ireland), Kamstrup (Denmark), Trilliant Holdings (US), Globema (Poland), Tech Mahindra (India), Enel X North America (US), eSmart Systems (Norway), Tanatalus (US), EsyaSoft (India), Grid4C (US), and C3 Energy (US). These Smart Grid Software Vendors are rated and listed by us on the basis of product quality, reliability, and their business strategy. Please visit 360Quadrants to see the vendor listing of Smart Grid Software.
GE is one of the prominent players in the smart grid market. The company provides smart grid technologies and operations management systems for electric utilities and renewable energy. In the smart grid market, GE provides solutions that are reliable and optimize the end-to-end grid operation efficiency. Its “Real Smart Solutions” re-energize the need to improve grid performance. The technology anticipates and prevents errors to minimize outages by analyzing the operations and damages in the past. GE has complemented its offerings with a strong and dedicated support and maintenance team that provides 24/7 support services to its clients. The company has adopted various business strategies to enhance its offerings. For instance, in 2017, GE collaborated with TREDAS to launch the first integrated smart grid operation system in Turkey. These strategies have helped GE to establish itself as a market leader and strengthen its product portfolio in the smart grid market.
Recent Developments
- In June 2018, GE Power’s Grid Solutions business launched a new Advanced Distribution Management Solution (ADMS) in collaboration with Tata Power Delhi Distribution (Tata Power - DDL) specially designed for India with advanced features, such as monitoring, security, analysis, and planning.
- In July 2018, ABB acquired GE Industrial Solutions to expand in North America. With the acquisition, ABB has strengthened its product portfolio in the electrification area.
- In April 2018, ABB launched a digitally integrated power transformer. The digital capabilities of this transformer help enhance reliability and efficient utilization of grid assets and power networks.
- In January 2018, Schneider Electric partnered with Sustainable Energy for All (SEforALL), a global non-profit organization, to work together to provide universal access to safe, reliable, efficient, and sustainable energy as per Schneider Electric’s sustainability strategy.
Key Questions
- How will the drivers, challenges, and future opportunities in the smart grid market affect its dynamics and the subsequent market analysis of the associated trends?
- What are the key sustainability strategies adopted by leading players operating in the smart grid market?
- What are the upcoming technologies that are driving the smart grid market?
- Which are the vendors in the smart grid market and competitive analysis?
- What are the current trends in smart grid market that are driving the demand for technological advancements?
To speak to our analyst for a discussion on the above findings, click Speak to Analyst
Table of Contents
1 Introduction (Page No. - 18)
1.1 Objectives of the Study
1.2 Market Definition
1.3 Market Segmentation
1.4 Country Coverage
1.5 Years Considered for the Study
1.6 Currency Considered
1.7 Stakeholders
2 Research Methodology (Page No. - 22)
2.1 Research Data
2.1.1 Breakup of Primaries
2.1.2 Key Industry Insights
2.2 Market Breakdown and Data Triangulation
2.3 Market Size Estimation
2.3.1 Bottom-Up Approach
2.3.2 Top-Down Approach
2.4 Assumptions for the Study
2.5 Limitations of the Study
3 Executive Summary (Page No. - 30)
4 Premium Insights (Page No. - 34)
4.1 Attractive Opportunities in the Smart Grid Market
4.2 Smart Grid Market in North America, By Component and Country
4.3 Smart Grid Market: Major Countries
5 Market Overview and Industry Trends (Page No. - 36)
5.1 Introduction
5.2 Smart Grid Ecosystem
5.3 Smart Grid Management
5.3.1 Generation
5.3.2 Transmission
5.3.3 Distribution
5.3.4 Consumption
5.4 Top Smart Grid Projects Worldwide
5.5 Strategic Benchmarking
5.6 Market Dynamics
5.6.1 Drivers
5.6.1.1 Governments Supportive Policies and Legislative Mandates
5.6.1.2 Improved Grid Reliability and Efficient Outage Response
5.6.1.3 Increasing Awareness About Carbon Footprint Management
5.6.1.4 Modernization of Aging Grid Infrastructure
5.6.2 Restraints
5.6.2.1 High Initial Costs for Deployment of Smart Grid Technology Solutions
5.6.2.2 Lack of Standards and Interoperability
5.6.2.3 Smart Grid Cybersecurity and Its Vulnerabilities
5.6.3 Opportunities
5.6.3.1 Revenue Opportunity for Traditional Energy Infrastructure Vendors and Emerging Vendors
5.6.3.2 Upcoming Smart Cities Projects in Developing Regions
5.6.4 Challenges
5.6.4.1 Inadequate Data Storage and Management
5.6.4.2 Providing Business Intelligence Through Analytics
5.6.4.3 Energy Loss Resulting in Revenue Loss
5.6.4.4 Long Time to Realize Roi for Utilities May Limit the Smart Grid Market Growth
6 Smart Grid Market, By Component (Page No. - 47)
6.1 Introduction
6.2 Software
6.2.1 Need for Effective Management of Smart Grid Operations is Driving the Growth of the Software Segment
6.3 Hardware
6.3.1 Rising Adoption of Smart Meter Across the Globe is Driving the Growth of the Hardware Segment
6.4 Services
6.4.1 Growing Need to Improve Smart Grid Customer Services is Driving the Growth of the Services Segment
7 Smart Grid Market, By Software (Page No. - 53)
7.1 Introduction
7.2 Advanced Metering Infrastructure
7.2.1 Government Regulations and Mandates By Legislative Bodies, Rise in Global Energy Usage, and Cost-Effective Carbon Savings are the Major Growth Drivers of the Ami Segment
7.2.2 Meter Data Management
7.2.3 Analytics
7.3 Smart Grid Distribution Management
7.3.1 Increasing Adoption of Distributed Renewable Generation is Driving the Growth of the Smart Grid Distribution Management Segment
7.3.2 Supervisory Control and Data Acquisition
7.3.3 Demand Response Management
7.3.4 Outage Management
7.3.5 Distributed Energy Resource Management
7.3.6 Energy Management System
7.3.7 Distribution Automation
7.4 Smart Grid Network Management
7.4.1 the Increasing Share of Renewable Energy and the Inability of Traditional Electricity Grids to Transmit Renewable Energy are Driving the Growth of the Smart Grid Network Management Segment
7.4.2 Network Traffic Management
7.4.3 Network Device Management
7.4.4 Network Configuration Management
7.4.5 Network Security Management
7.4.6 Network Performance Monitoring Management
7.5 Grid Asset Management
7.5.1 Need to Reduce the Cost Associated With Failure and REPAir of Grid Assets is Spurring the Adoption of the Grid Asset Management Segment
7.5.2 Condition and Performance Monitoring
7.5.3 Predictive Maintenance
7.5.4 Asset Data Management
7.6 Substation Automation
7.6.1 Benefits of Preventing Blackouts and Faster Power Recovery are Propelling the Adoption of the Substation Automation Software
7.6.2 Production Management
7.6.3 Performance Management
7.7 Smart Grid Security
7.7.1 Increasing Instances of Various Cyber-Attacks on Smart Grids is Driving the Growth of the Smart Grid Security Segment
7.8 Billing and Customer Information System
7.8.1 Growing Demand for Efficient Billing and Collection Capabilities is Driving the Growth of the Billing and Customer Information System Segment
8 Smart Grid Market, By Hardware (Page No. - 71)
8.1 Introduction
8.2 Smart Meter
8.2.1 Government Policies, Energy Savings, and Investments in Efficient Distribution Networks are the Driving Factors for the Growth of the Smart Meter Segment
9 Smart Grid Market, By Service (Page No. - 74)
9.2 Introduction
9.3 Consulting
9.3.1 Need to Deliver Maximum Product Assurance is Driving the Growth of the Consulting Segment
9.4 Deployment and Integration
9.4.1 Streamlining Operations of the Smart Grid Components is Driving the Growth of the Deployment and Integration Segment
9.5 Support and Maintenance
9.5.1 Reduced Downtime of Operations and Higher Productivity of Smart Grids are the Driving Factors of the Support and Maintenance Segment
10 Smart Grid Market, By Region (Page No. - 79)
10.1 Introduction
10.2 North America
10.2.1 United States
10.2.1.1 Increasing Investments for Analytics in the Power Industry is Driving the Growth of the Smart Grid Market in the United States
10.2.2 Canada
10.2.2.1 Enhancement of Power Supply Capability and Upgradation of Electric Grid Infrastructure are Driving the Smart Grid Market in Canada
10.3 Europe
10.3.1 United Kingdom
10.3.1.1 Smart Grid Will Help UK Transform in to A Low Carbon Economy, Meet Its Carbon Reduction Targets, and Ensure Energy Security
10.3.2 Germany
10.3.2.1 New Regulations in Germany are Expected to Increase the Growth of Smart Grid Infrastructure in the Utilities Sector
10.3.3 France
10.3.3.1 French Government to Target Large Number of Household With Smart Meters By 2020
10.3.4 Rest of Europe
10.4 Asia Pacific
10.4.1 China
10.4.1.1 Rising Adoption of Solar Pv Initiatives is Fuelling the Growth of the Smart Grid Market in China
10.4.2 Japan
10.4.2.1 To Host the 2020 Olympic Games, Japan is Expected to Install Smart Meters
10.4.3 India
10.4.3.1 Government Policies for Energy Access, Deployment of Renewable Resources, and Smart Cities are Pushing India’s Smart Grid Market Toward the Growth Phase
10.4.4 South Korea
10.4.4.1 Plans to Implement Smart Infrastructure By 2030, Which Includes Grid, Consumer, Transportation, Renewables, and Electricity Services
10.4.5 Rest of Asia Pacific
10.5 Middle East and Africa
10.5.1 Kingdom of Saudi Arabia
10.5.1.1 Surge in Upgrading Meters, Generating Capabilities, and Developing Advanced Transmission Systems Would Propel the Smart Grid Market Growth in Ksa
10.5.2 Qatar
10.5.2.1 Facilitated By the Qatar National Vision 2030, Qatar Plans to Meet the Power Need of the Fifa Tournament in 2022
10.5.3 United Arab Emirates
10.5.3.1 Dubai Aims to Produce Large Number of Its Energy From Renewable Resources By 2030
10.5.4 South Africa
10.5.4.1 The DEPArtment of Energy Established Sasgi Under the South African National Energy Development Institute to Improve Energy Efficiency
10.5.5 Rest of Middle East and Africa
10.6 Latin America
10.6.1 Brazil
10.6.1.1 Increasing Investments for Smart Metering Deployment is Driving the Growth of the Smart Grid Market in Brazil
10.6.2 Mexico
10.6.2.1 To Boost the Adoption of Smart Grids, Mexico is Planning to Invest Heavily on Smart Grids By 2025
10.6.3 Rest of Latin America
11 Competitive Landscape (Page No. - 100)
11.1 Overview
11.2 Ranking of Key Players
11.3 Competitive Scenario
11.3.1 New Product Launches and Upgradations
11.3.2 Mergers and Acquisitions
11.3.3 Partnerships, Collaborations, and Agreements
12 Company Profiles (Page No. - 106)
12.1 Introduction
(Business Overview, Solutions/Modules Offered, Recent Developments, SWOT Analysis, and MnM View)*
12.2 GE
12.3 ABB
12.4 Siemens
12.5 Schneider Electric
12.6 Itron
12.7 Landis+Gyr
12.8 Aclara
12.9 Cisco
12.10 OSI
12.11 IBM
12.12 Wipro
12.13 Oracle
12.14 Honeywell
12.15 S&C Electric Company
12.16 Eaton
12.17 Kamstrup
12.18 Trilliant Holdings
12.19 Globema
12.20 Tech Mahindra
12.21 Enel X North America
12.22 Fujitsu
12.23 eSmart Systems
12.24 Tantalus
12.25 EsyaSoft Technologies
12.26 Grid4C
12.27 C3 Energy
*Details on Business Overview, Solutions/Modules Offered, Recent Developments, SWOT Analysis, and MnM View Might Not Be Captured in Case of Unlisted Companies.
13 Appendix (Page No. - 172)
13.1 Industry Excerpts
13.2 Discussion Guide
13.3 Knowledge Store: Marketsandmarkets’ Subscription Portal
13.4 Available Customizations
13.5 Related Reports
13.6 Author Details
List of Tables (48 Tables)
Table 1 United States Dollar Exchange Rate, 2015–2017
Table 2 Smart Grid Market Size, By Component, 2016–2023 (USD Million)
Table 3 Smart Grid Market Size, By Region, 2016–2023 (USD Million)
Table 4 Software: Smart Grid Market Size, By Region, 2016–2023 (USD Million)
Table 5 Hardware: Smart Grid Market Size, By Region, 2016–2023 (USD Million)
Table 6 Services: Smart Grid Market Size, By Region, 2016–2023 (USD Million)
Table 7 Smart Grid Market Size, By Software, 2016–2023 (USD Million)
Table 8 Advanced Metering Infrastructure: Smart Grid Market Size, By Type, 2016–2023 (USD Million)
Table 9 Advanced Metering Infrastructure: Smart Grid Market Size, By Region, 2016–2023 (USD Million)
Table 10 Smart Grid Distribution Management: Smart Grid Market Size, By Region, 2016–2023 (USD Million)
Table 11 Smart Grid Network Management: Smart Grid Market Size, By Region, 2016–2023 (USD Million)
Table 12 Grid Asset Management: Smart Grid Market Size, By Region, 2016–2023 (USD Million)
Table 13 Substation Automation: Smart Grid Market Size, By Region, 2016–2023 (USD Million)
Table 14 Smart Grid Security: Smart Grid Market Size, By Region, 2016–2023 (USD Million)
Table 15 Billing and Customer Information System: Smart Grid Market Size, By Region, 2016–2023 (USD Million)
Table 16 Hardware: Smart Grid Market Size, By Region, 2016–2023 (USD Million)
Table 17 Smart Grid Market Size, By Service, 2016–2023 (USD Million)
Table 18 Consulting: Smart Grid Market Size, By Region, 2016–2023 (USD Million)
Table 19 Deployment and Integration: Smart Grid Market Size, By Region, 2016–2023 (USD Million)
Table 20 Support and Maintenance: Smart Grid Market Size, By Region, 2016–2023 (USD Million)
Table 21 North America: Smart Grid Market Size, By Country, 2016–2023 (USD Million)
Table 22 North America: Smart Grid Market Size, By Component, 2016–2023 (USD Million)
Table 23 North America: Smart Grid Market Size, By Software, 2016–2023 (USD Million)
Table 24 North America: Smart Grid Market Size, By Service, 2016–2023 (USD Million)
Table 25 North America: Smart Grid Market Size, By Advance Metering Infrastructure Type, 2016–2023 (USD Million)
Table 26 Europe: Smart Grid Market Size, By Country, 2016–2023 (USD Million)
Table 27 Europe: Smart Grid Market Size, By Component, 2016–2023 (USD Million)
Table 28 Europe: Smart Grid Market Size, By Software, 2016–2023 (USD Million)
Table 29 Europe: Smart Grid Market Size, By Service, 2016–2023 (USD Million)
Table 30 Europe: Smart Grid Market Size, By Advance Metering Infrastructure Type, 2016–2023 (USD Million)
Table 31 Asia Pacific: Smart Grid Market Size, By Country, 2016–2023 (USD Million)
Table 32 Asia Pacific: Smart Grid Market Size, By Component, 2016–2023 (USD Million)
Table 33 Asia Pacific: Smart Grid Market Size, By Software, 2016–2023 (USD Million)
Table 34 Asia Pacific: Smart Grid Market Size, By Service, 2016–2023 (USD Million)
Table 35 Asia Pacific: Smart Grid Market Size, By Advance Metering Infrastructure Type, 2016–2023 (USD Million)
Table 36 Middle East and Africa: Smart Grid Market Size, By Country, 2016–2023 (USD Million)
Table 37 Middle East and Africa: Smart Grid Market Size, By Component, 2016–2023 (USD Million)
Table 38 Middle East and Africa: Smart Grid Market Size, By Software, 2016–2023 (USD Million)
Table 39 Middle East and Africa: Smart Grid Market Size, By Service, 2016–2023 (USD Million)
Table 40 Middle East and Africa: Smart Grid Market Size, By Advance Metering Infrastructure Type, 2016–2023 (USD Million)
Table 41 Latin America: Smart Grid Market Size, By Country, 2016–2023 (USD Million)
Table 42 Latin America: Smart Grid Market Size, By Component, 2016–2023 (USD Million)
Table 43 Latin America: Smart Grid Market Size, By Software, 2016–2023 (USD Million)
Table 44 Latin America: Smart Grid Market Size, By Service, 2016–2023 (USD Million)
Table 45 Latin America: Smart Grid Market Size, By Advance Metering Infrastructure Type, 2016–2023 (USD Million)
Table 46 New Product Launches and Upgradations, 2018
Table 47 Mergers and Acquisitions, 2017–2018
Table 48 Partnerships, Collaborations, and Agreements, 2017–2018
List of Figures (51 Figures)
Figure 1 Smart Grid Market, By Software
Figure 2 Global Smart Grid Market: Research Design
Figure 3 Research Methodology
Figure 4 Smart Grid Market: Bottom-Up Approach
Figure 5 Smart Grid Market: Top-Down Approach
Figure 6 Smart Grid Market Size, 2016–2023
Figure 7 Fastest-Growing Segments in the Global Smart Grid Market, 2018–2023
Figure 8 Smart Grid Market: Regional Analysis, 2018
Figure 9 Modernization of the Aging Grid Infrastructure is One of the Factors Driving the Smart Grid Market
Figure 10 Software Component and the United States are Estimated to Account for the Highest Market Share in North America in 2017
Figure 11 Japan is Expected to Grow at the Fastest Growth Rate During the Forecast Period
Figure 12 Smart Grid Ecosystem
Figure 13 The European Region is Expected to Account for the Largest Number of Smart Grid Projects
Figure 14 Drivers, Restraints, Opportunities, and Challenges: Smart Grid Market
Figure 15 Software Segment is Expected to Have the Largest Market Size During the Forecast Period
Figure 16 Smart Grid: Software Component, By Type
Figure 17 Smart Grid: Services Component, By Type
Figure 18 Smart Grid Distribution Management Segment is Expected to Have the Largest Market Size During the Forecast Period
Figure 19 Advanced Metering Infrastructure Architecture
Figure 20 Smart Grid Distribution Management/Advanced Distribution Management Architecture
Figure 21 Supervisory Control and Data Acquisition Architecture
Figure 22 Substation Automation Architecture
Figure 23 North America is Estimated to Have the Largest Market Size in 2018
Figure 24 Deployment and Integration Segment is Expected to Have the Largest Market Size During the Forecast Period
Figure 25 Asia Pacific is Expected to Grow at the Highest CAGR During the Forecast Period
Figure 26 North America: Market Snapshot
Figure 27 Asia Pacific: Market Snapshot
Figure 28 Key Developments By the Leading Players in the Smart Grid Market, 2016–2018
Figure 29 Ranking of Key Players for the Smart Grid Market, 2018
Figure 30 Market Evaluation Framework
Figure 31 Geographic Revenue Mix of Top 5 Players
Figure 32 GE: Company Snapshot
Figure 33 GE: SWOT Analysis
Figure 34 ABB: Company Snapshot
Figure 35 ABB: SWOT Analysis
Figure 36 Siemens: Company Snapshot
Figure 37 Siemens: SWOT Analysis
Figure 38 Schneider Electric: Company Snapshot
Figure 39 Schneider Electric: SWOT Analysis
Figure 40 Itron: Company Snapshot
Figure 41 Itron: SWOT Analysis
Figure 42 Landis+Gyr: Company Snapshot
Figure 43 Cisco Systems: Company Snapshot
Figure 44 IBM: Company Snapshot
Figure 45 Wipro: Company Snapshot
Figure 46 Oracle: Company Snapshot
Figure 47 Honeywell: Company Snapshot
Figure 48 Eaton: Company Snapshot
Figure 49 Kamstrup: Company Snapshot
Figure 50 Tech Mahindra: Company Snapshot
Figure 51 Fujitsu: Company Snapshot
- Triangulate with your Own Data
- Get Data as per your Format and Definition
- Gain a Deeper Dive on a Specific Application, Geography, Customer or Competitor
- Any level of Personalization
- What are the Known and Unknown Adjacencies Impacting the Smart Grid Market
- What will your New Revenue Sources be?
- Who will be your Top Customer; what will make them switch?
- Defend your Market Share or Win Competitors
- Get a Scorecard for Target Partners
Growth opportunities and latent adjacency in Smart Grid Market