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
MarketsandMarkets forecasts the smart grid market to grow from USD 23.8 billion in 2018 to USD 61.3 billion by 2023, at a Compound Annual Growth Rate (CAGR) of 20.9% during the forecast period. The major factors that are expected to be driving the smart grid market are modernization of aging grid infrastructure and increasing awareness about carbon footprint management.
The objective of the report is to define, describe, and forecast the smart grid market size based on software, hardware, service, and region.
By Software, the smart grid distribution management segment is expected to grow at the highest rate during the forecast period
The smart grid software segment comprises Advance Metering Infrastructure (AMI), smart grid distribution management, smart grid network management, grid asset management, substation automation, and billing and customer information system. The smart grid distribution management segment is expected to grow at the highest CAGR during the forecast period. It is commonly known as Advanced Distribution Management (ADM), a software platform that integrates Supervisory Control and Data Acquisition (SCADA), Energy Management System (EMS), Distribution Management System (DMS), Demand Response (DR) management, and Distributed Energy Resource Management (DERM) for energy distribution management and optimization on a real-time basis.
By Services, the deployment and integration services segment to hold the largest market size during the forecast period
Deployment and integration services in the energy sector help in streamlining business applications by adequate installation and integration of various modules of utility smart grid operations. These services help in overcoming various business challenges, creating high growth opportunities, and accelerating technological innovations. Hence, enterprises opt these services to make the whole deployment and integration process smooth and reduce costs and inefficiencies
North America to account for the largest market size during the forecast period.
North America is expected to hold the highest market share and dominate the smart grid market during the forecast period. The region has been extremely responsive toward adopting the latest technological advancements, such as AMI, smart grid distribution management, smart grid communication, and substation automation. The major growth drivers for this region are the large-scale investments in smart grid and smart city projects and need for better smart grid and control mechanisms. Middle East and Africa (MEA) is in its initial growth phase; however, it is one of the fastest-growing regions in the global smart grid market. The region has huge reservoirs of conventional and renewable energy sources. The high adoption of solutions to minimize outages and revenue losses and provide better smart grid and control has led to a wider demand for smart grid solutions in MEA. With the proliferation of smart grid projects, the smart grid market in MEA is expected to witness steady growth in the near future.
Smart Grid Market Dynamics
Governments supportive policies and legislative mandates
Governments across the globe have enacted several supportive policies and mandates focusing on the implementation of smart grids and spreading awareness about energy conversation. The regulations drive the smart grid market in application areas, such as industrial, commercial, and residential sectors.
Heavy investments are being made for the development of smart grid across the globe. For instance, in May 2018, Natural Resource Canada announced an investment of USD 949,0000 for a next-generation smart grid project. The grid project focuses on promoting the adoption of renewable sources of energy and the implementation of technology to integrate new sources of clean energy without compromising the stability and reliability of existing grids. The ARRA, part of the US federal government, allocated USD 3.4 billion for smart grid investment grants to utilities and USD 615 million for smart grid demonstration projects. The NERC is a regulatory authority established to assess the reliability of bulk transmission power system in North America.
Smart grid technologies are revolutionizing the way electricity is being consumed. Industries are deploying smart grid meters to meet the regulations and mandates by legislative bodies. According to the US Smart Grid Investment Grant (SGIG) program, a total of 99 projects received federal financial assistance for 50% of eligible project costs. The EU has a goal of 80% of smart meter deployments by 2020. As a result, many European countries, such as the UK, Italy, and Sweden, have mandated smart meter rollouts. The Organization for Economic Co-operation and Development (OECD) countries, such as South Korea, New Zealand, and Canada, joined European countries in the deployment of smart grid infrastructure in their respective countries.
In the APAC region, China, Japan, Australia, and South Korea are expected to drive the smart grid market, with China as the most prospective leader in the smart grid deployment. Japan developed a new interface standard, ECHONET Lite, to implement its policy of direct communication interface between smart meter and home Energy Management Systems (EMS). Japans Energy Conversation Act, enacted in 1979 (revised 2010), takes necessary measures for the coherent use of energy by factories, buildings, and machinery equipment. In India, the Ministry of Power launched the India Smart Grid Forum (ISGF) initiative with the objective to accelerate the development of smart grid infrastructure in the Indian power sector.
The Ministry of Power, Government of India, introduced the Ujwal DISCOM Assurance Yojana (UDAY) scheme in India to replace the household meters with smart meter for those homes whose consumption is more than 500 units per month, which has been now reduced to 200 units of power per month.
High Initial Costs for deployment of smart grid technology solutions
The initial phase of smart grid deployment is capital intensive. It may restrain the growth of the global smart grid market. The role of local and national governments is vital in transforming infrastructures. The smart grid technology requires huge investments initially to set up the transmission network between the customers and the smart grid. Furthermore, an effective deployment of smart grid requires strong coordination across customary organizational boundaries, significant process change, and rigorous governance. High investments for fruitful deployment of smart grid could add up to the governments economic burden. High operational and maintenance costs post the deployment are also a big concern for the utility providers. Developing countries with poor infrastructure, such as China, Brazil, and India, also need huge investments for building and updating the infrastructure.
Though billions of dollars are being invested in the smart cities projects, the challenge to ensure a significant and favourable Return on Investment (ROI) remains. Public and private organizations are going to have a major hand in the transformation with financing mechanisms, such as low-interest loans, government funding, and grants
Revenue opportunity for traditional energy infrastructure vendors and emerging vendors
Along with opening markets for new entrants, the development of the smart grid market is likely to create opportunities for traditional energy infrastructure vendors. Traditional vendors will get opportunity for the renewal of the utility assets with enhanced features and functionality to integrate with smart technologies. New aspirants, such as IT hardware providers, software solution providers, telecommunication and networking companies, semiconductor manufacturers, and system integrators, would harness the major part of the technology investments. A service-oriented business model to offer set of product and services fulfilling basic requirement of customers could help new entrants to strengthen their position in the smart grid market. However, participants would need to make their presence felt during the entry into the market to effectively face the competition from traditional vendors.
Inadequate data storage and management
The deployment of smart grid technologies has led to the generation of vast amounts of highly complex data. The data is related to consumer information, utility consumption, transmission logs, and outage prevention, which is highly unstructured and needs to be processed to gain vital insights. The continuous generation of data from the various nodes of the network has raised huge concerns for the solution providers about data storage and management. The unmanaged data can raise multiple threats and it might eventually become a major challenge to gain valuable insights from the data. The respective authorities need to create high volume data centers, as well as deploy analytical solutions without increasing the cost. A major challenge for utility providers is to understand the social, economic, and environmental value of the smart grid information, and develop a solution that is likely to aggregate the data and correlate the information generated by the smart grid.
Scope of the Smart Grid Market Report
|
Report Metrics |
Details |
|
Market size available for years |
20162023 |
|
Base year considered |
2017 |
|
Forecast period |
20182023 |
|
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
Key Market Players
General Electric (US), ABB (Switzerland), Siemens (Germany), Schneider Electric (France), Itron (US), Landis+Gyr (Switzerland), and Aclara (US) General Electric, one of the leading providers of smart grid technologies and operations management systems for water, gas, electric utilities, and renewable energy. was founded in 1892 and is headquartered in Massachusetts, US. In the field of smart grids, GE provides solutions that are reliable and optimize the end-to-end grid operational 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. GEs partner program, Predix, has more than 400 partners and 22,000 developers. It includes system integrators, software resellers, and technical partners. GE has a strong presence in more than 150 countries, with regional presence in the US, Americas, Europe, Asia, and MEA.
Recent Developments
- In September 2019, Schneider Electric has expanded its business by opening smart distribution centre in Brazil. The distribution centre is accessible for customers, partners and educational institutions to experience and learn about the company's most innovative technologies delivered through its IoT-enabled, open, interoperable architecture, and EcoStruxure. The new distribution centre has helped Schneider Electric to reduce delivery time to customers and also empowered to optimize supply chain operations by reducing equipment downtime and reducing overall power consumption.
- In July 2018, ABB acquired GE Industrial Solutions to expand in North America. With this acquisition, ABB strengthened its product portfolio in the electrification area.
- In June 2018, GE Powers 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
Critical questions the report answers:
- Where will all these developments take the industry in the long term?
- What are the upcoming trends for the smart grid market?
- Which segment provides the most opportunity for growth?
- Who are the leading vendors operating in this market?
- What are the opportunities for new market entrants?
To speak to our analyst for a discussion on the above findings, click Speak to Analyst
Table of Contents
1 Introduction
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
2.1 Research Data
2.2 Primary Data
2.2.1 Breakup of Primaries
2.2.2 Key Industry Insights
2.3 Market Breakdown and Data Triangulation
2.4 Market Size Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Assumptions for the Study
2.6 Limitations of the Study
3 Executive Summary
4 Premium Insights
4.1 Attractive Opportunities in the Smart Grid Market
4.2 Market : By Component, 2016
4.3 Market: By Countries,2016
4.4 Market Investment Scenario: 2016-2023
5 Market Overview and Industry Trends
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 Market, By Component
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
6.2.1.1 Market Estimates and Forecasts, 2016 - 2023 (USD Million)
6.2.1.2 Market Estimates and Forecasts, By Region, 2016 - 2023 (USD Million)
6.3 Hardware
6.3.1 Rising Adoption of Smart Meter Across the Globe is Driving the Growth of the Hardware Segment
6.3.1.1 Market Estimates and Forecasts, 2016 - 2023 (USD Million)
6.3.1.2 Market Estimates and Forecasts, By Region,2016 - 2023 (USD Million)
6.4 Services
6.4.1 Growing Need to Improve Smart Grid Customer Services is Driving the Growth of the Services Segment
6.4.1.1 Market Estimates and Forecasts, 2016 - 2023 (USD Million)
6.4.1.2 Market Estimates and Forecasts, By Region, 2016 - 2023 (USD Million)
7 Smart Grid Market, By Software
7.1 Introduction
7.1.1 Market Estimates and Forecasts, 2016 - 2023 (USD Million)
7.1.2 Market Estimates and Forecasts, By Region, 2016 - 2023 (USD Million)
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
7.3.1.1 Market Estimates and Forecasts, By Region, 2016 - 2023 (USD Million)
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
7.4.1.1 Market Estimates and Forecasts, By Region, 2016 - 2023 (USD Million)
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
7.5.1.1 Market Estimates and Forecasts, By Region, 2016 - 2023 (USD Million)
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
7.6.1.1 Market Estimates and Forecasts, By Region, 2016 - 2023 (USD Million)
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
7.7.1.1 Market Estimates and Forecasts, By Region, 2016 - 2023 (USD Million)
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
7.8.1.1 Market Estimates and Forecasts, By Region, 2016 - 2023 (USD Million)
8 Market, By Hardware
8.1 Introduction
8.1.1 Market Estimates and Forecasts, By Region, 2016 - 2023 (USD Million)
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
9.2 Introduction
9.2.1 Market Estimates and Forecasts, By Region, 2016 - 2023 (USD Million)
9.3 Consulting
9.3.1 Need to Deliver Maximum Product Assurance is Driving the Growth of the Consulting Segment
9.3.1.1 Market Estimates and Forecasts, By Region, 2016 - 2023 (USD Million)
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
9.4.1.1 Market Estimates and Forecasts, By Region, 2016 - 2023 (USD Million)
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
9.5.1.1 Market Estimates and Forecasts, By Region, 2016 - 2023 (USD Million)
10 Smart Grid Market, By Region
10.1 Introduction
10.2 North America
10.2.1 Market Estimates and Forecasts By Country, 2016 - 2023 (USD Million)
10.2.2 Market Estimates and Forecasts, By Component, 2016 - 2023 (USD Million)
10.2.3 Market Estimates and Forecasts, By Software, 2016 - 2023 (USD Million)
10.2.4 Market Estimates and Forecasts, By Service, 2016 - 2023 (USD Million)
10.2.5 Market Estimates and Forecasts, By Advance Metering Infrastructure Type, 2016 - 2023 (USD Million)
10.2.5.1 United States
10.2.5.1.1 Increasing Investments for Analytics in the Power Industry is Driving the Growth of the Market in the United States
10.2.5.2 Canada
10.2.5.2.1 Enhancement of Power Supply Capability and Upgradation of Electric Grid Infrastructure are Driving the Market in Canada
10.3 Europe
10.3.1 Market Estimates and Forecasts By Country, 2016 - 2023 (USD Million)
10.3.1.1 United Kingdom
10.3.1.1.1 Smart Grid Will Help UK Transform in to A Low Carbon Economy, Meet Its Carbon Reduction Targets, and Ensure Energy Security
10.3.1.2 Germany
10.3.1.2.1 New Regulations in Germany are Expected to Increase the Growth of Smart Grid Infrastructure in the Utilities Sector
10.3.1.3 France
10.3.1.3.1 French Government to Target Large Number of Household With Smart Meters By 2020
10.3.4 Rest of Europe
10.3.4.1 Market Estimates and Forecasts, By Component, 2016 - 2023 (USD Million)
10.3.4.2 Market Estimates and Forecasts, By Software, 2016 - 2023 (USD Million)
10.3.4.3 Market Estimates and Forecasts, By Service, 2016 - 2023 (USD Million)
10.3.4.4 Market Estimates and Forecasts, By Advance Metering Infrastructure Type, 2016 - 2023 (USD Million)
10.4 Asia Pacific
10.4.1 Market Estimates and Forecasts By Country, 2016 - 2023 (USD Million)
10.4.1.1 China
10.4.1.1.1 Rising Adoption of Solar PV Initiatives is Fuelling the Growth of the Smart Grid Market in China
10.4.1.2 Japan
10.4.1.2.1 To Host the 2020 Olympic Games, Japan is Expected to Install Smart Meters
10.4.1.3 India
10.4.1.3.1 Government Policies for Energy Access, Deployment of Renewable Resources, and Smart Cities are Pushing Indias Smart Grid Market Toward the Growth Phase
10.4.1.4 South Korea
10.4.1.4.1 Plans to Implement Smart Infrastructure By 2030, Which Includes Grid, Consumer, Transportation, Renewables, and Electricity Services
10.4.1.5 Rest of Asia Pacific
10.4.1.5.1 Market Estimates and Forecasts, By Component, 2016 - 2023 (USD Million)
10.4.1.5.2 Market Estimates and Forecasts, By Software, 2016 - 2023 (USD Million)
10.4.1.5.3 Market Estimates and Forecasts, By Service, 2016 - 2023 (USD Million)
10.4.1.5.4 Market Estimates and Forecasts, By Advance Metering Infrastructure Type, 2016 - 2023 (USD Million)
10.5 Middle East and Africa
10.5.1 Market Estimates and Forecasts By Country, 2016 - 2023 (USD Million)
10.5.1.1 Kingdom of Saudi Arabia
10.5.1.1.1 Surge in Upgrading Meters, Generating Capabilities, and Developing Advanced Transmission Systems Would Propel the Market Growth in KSA
10.5.1.2 Qatar
10.5.1.2.1 Facilitated By the Qatar National Vision 2030, Qatar Plans to Meet the Power Need of the FIFA Tournament in 2022
10.5.1.3 United Arab Emirates
10.5.1.3.1 Dubai Aims to Produce Large Number of Its Energy From Renewable Resources By 2030
10.5.1.4 South Africa
10.5.1.4.1 The Department of Energy Established Sasgi Under the South African National Energy Development Institute to Improve Energy Efficiency
10.5.1.5 Rest of Middle East and Africa
10.5.1.5.1 Market Estimates and Forecasts, By Component, 2016 - 2023 (USD Million)
10.5.1.5.2 Market Estimates and Forecasts, By Software, 2016 - 2023 (USD Million)
10.5.1.5.3 Market Estimates and Forecasts, By Service, 2016 - 2023 (USD Million)
10.5.1.5.4 Market Estimates and Forecasts, By Advance Metering Infrastructure Type, 2016 - 2023 (USD Million)
10.6 Latin America
10.6.1 Market Estimates and Forecasts By Country, 2016 - 2023 (USD Million)
10.6.1.1 Brazil
10.6.1.1.1 Increasing Investments for Smart Metering Deployment is Driving the Growth of the Market in Brazil
10.6.1.2 Mexico
10.6.1.2.1 To Boost the Adoption of Smart Grids, Mexico is Planning to Invest Heavily on Smart Grids By 2025
10.6.1.3 Rest of Latin America
10.6.1.3.1 Market Estimates and Forecasts, By Component, 2016 - 2023 (USD Million)
10.6.1.3.2 Market Estimates and Forecasts, By Software, 2016 - 2023 (USD Million)
10.6.1.3.3 Market Estimates and Forecasts, By Service, 2016 - 2023 (USD Million)
10.6.1.3.4 Market Estimates and Forecasts, By Advance Metering Infrastructure Type, 2016 - 2023 (USD Million)
11 Competitive Landscape
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
12.1 Introduction
(Business Overview, Solutions/Modules Offered, Recent Developments, SWOT Analysis, and MnM View)*
12.2 GE
12.2.1 Business Overview
12.2.2 Business Overview
12.2.3 Business Overview
12.2.4 Business Overview
12.2.5 Business Overview
12.3 ABB
12.3.1 Business Overview
12.3.2 Business Overview
12.3.3 Business Overview
12.3.4 Business Overview
12.3.5 Business Overview
12.4 Siemens
12.4.1 Business Overview
12.4.2 Business Overview
12.4.3 Business Overview
12.4.4 Business Overview
12.4.5 Business Overview
12.5 Schneider Electric
12.5.1 Business Overview
12.5.2 Business Overview
12.5.3 Business Overview
12.5.4 Business Overview
12.5.5 Business Overview
12.6 Itron
12.6.1 Business Overview
12.6.2 Business Overview
12.6.3 Business Overview
12.6.4 Business Overview
12.6.5 Business Overview
12.7 Landis+Gyr
12.7.1 Business Overview
12.7.2 Business Overview
12.7.3 Business Overview
12.7.4 Business Overview
12.7.5 Business Overview
12.8 Aclara
12.8.1 Business Overview
12.8.2 Business Overview
12.8.3 Business Overview
12.8.4 Business Overview
12.8.5 Business Overview
12.9 Cisco
12.9.1 Business Overview
12.9.2 Business Overview
12.9.3 Business Overview
12.9.4 Business Overview
12.9.5 Business Overview
12.10 OSI
12.10.1 Business Overview
12.10.2 Business Overview
12.10.3 Business Overview
12.10.4 Business Overview
12.10.5 Business Overview
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
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 (108 Tables)
Table 1 United States Dollar Exchange Rate, 20152017
Table 2 Smart Grid Market Size, By Component, 20162023 (USD Million)
Table 3 Smart Grid Market Size, By Region, 20162023 (USD Million)
Table 4 Software: Market Size, By Region, 20162023 (USD Million)
Table 5 Hardware: Market Size, By Region, 20162023 (USD Million)
Table 6 Services: Market Size, By Region, 20162023 (USD Million)
Table 7 Smart Grid Market Size, By Software, 20162023 (USD Million)
Table 8 Advanced Metering Infrastructure: Market Size, By Type, 20162023 (USD Million)
Table 9 Advanced Metering Infrastructure: Market Size, By Region, 20162023 (USD Million)
Table 10 Smart Grid Distribution Management: Market Size, By Region, 20162023 (USD Million)
Table 11 Smart Grid Network Management: Market Size, By Region, 20162023 (USD Million)
Table 12 Grid Asset Management: Market Size, By Region, 20162023 (USD Million)
Table 13 Substation Automation: Market Size, By Region, 20162023 (USD Million)
Table 14 Smart Grid Security: Market Size, By Region, 20162023 (USD Million)
Table 15 Billing and Customer Information System: Market Size, By Region, 20162023 (US
Table 16 Hardware: Market Size, By Region, 20162023 (USD Million)
Table 17 Smart Grid Market Size, By Service, 20162023 (USD Million)
Table 18 Consulting: Market Size, By Region, 20162023 (USD Million)
Table 19 Deployment and Integration: Market Size, By Region, 20162023 (USD Million)
Table 20 Support and Maintenance: Market Size, By Region, 20162023 (USD Million)
Table 21 North America: Smart Grid Market Size, By Country, 20162023 (USD Million)
Table 22 North America: Market Size, By Component, 20162023 (USD Million)
Table 23 North America: Market Size, By Software, 20162023 (USD Million)
Table 24 North America: Market Size, By Service, 20162023 (USD Million)
Table 25 North America: Market Size, By Advance Metering Infrastructure Type, 20162023 (USD Million)
Table 26 US: Market Size, By Component, 20162023 (USD Million)
Table 27 US: Market Size, By Software, 20162023 (USD Million)
Table 28 US: Market Size, By Service, 20162023 (USD Million)
Table 29 US: Market Size, By Advance Metering Infrastructure Type, 20162023 (USD Million)
Table 30 Canada: Market Size, By Component, 20162023 (USD Million)
Table 31 Canada: Market Size, By Software, 20162023 (USD Million)
Table 32 Canada: Market Size, By Service, 20162023 (USD Million)
Table 33 Canada: Market Size, By Advance Metering Infrastructure Type, 20162023 (USD Million)
Table 34 Europe: Smart Grid Market Size, By Country, 20162023 (USD Million)
Table 35 Europe: Market Size, By Component, 20162023 (USD Million)
Table 36 Europe: Market Size, By Software, 20162023 (USD Million)
Table 37 Europe: Market Size, By Service, 20162023 (USD Million)
Table 38 Europe: Market Size, By Advance Metering Infrastructure Type, 20162023 (USD Million)
Table 39 United Kingdom: Smart Grid Market Size, By Component, 20162023 (USD Million)
Table 40 United Kingdom: Market Size, By Software, 20162023 (USD Million)
Table 41 United Kingdom: Market Size, By Service, 20162023 (USD Million)
Table 42 United Kingdom: Market Size, By Advance Metering Infrastructure Type, 20162023 (USD Million)
Table 43 Germany: Market Size, By Component, 20162023 (USD Million)
Table 44 Germany: Market Size, By Software, 20162023 (USD Million)
Table 45 Germany: Market Size, By Service, 20162023 (USD Million)
Table 46 Germany: Market Size, By Advance Metering Infrastructure Type, 20162023 (USD Million)
Table 47 France: Market Size, By Component, 20162023 (USD Million)
Table 48 France: Market Size, By Software, 20162023 (USD Million)
Table 49 France: Market Size, By Service, 20162023 (USD Million)
Table 50 France: Market Size, By Advance Metering Infrastructure Type, 20162023 (USD Million)
Table 51 Asia Pacific: Smart Grid Market Size, By Country, 20162023 (USD Million)
Table 52 Asia Pacific: Market Size, By Component, 20162023 (USD Million)
Table 53 Asia Pacific: Market Size, By Software, 20162023 (USD Million)
Table 54 Asia Pacific: Market Size, By Service, 20162023 (USD Million)
Table 55 Asia Pacific: Market Size, By Advance Metering Infrastructure Type, 20162023 (USD Million)
Table 56 China: Market Size, By Component, 20162023 (USD Million)
Table 57 China: Market Size, By Software, 20162023 (USD Million)
Table 58 China: Market Size, By Service, 20162023 (USD Million)
Table 59 China: Market Size, By Advance Metering Infrastructure Type, 20162023 (USD Million)
Table 60 Japan: Market Size, By Component, 20162023 (USD Million)
Table 61 Japan: Market Size, By Software, 20162023 (USD Million)
Table 62 Japan: Market Size, By Service, 20162023 (USD Million)
Table 63 Japan: Market Size, By Advance Metering Infrastructure Type, 20162023 (USD Million)
Table 64 India: Market Size, By Component, 20162023 (USD Million)
Table 65 India: Market Size, By Software, 20162023 (USD Million)
Table 66 India: Market Size, By Service, 20162023 (USD Million)
Table 67 India: Market Size, By Advance Metering Infrastructure Type, 20162023 (USD Million)
Table 68 South Korea: Market Size, By Component, 20162023 (USD Million)
Table 69 South Korea: Market Size, By Software, 20162023 (USD Million)
Table 70 South Korea: Market Size, By Service, 20162023 (USD Million)
Table 71 South Korea: Market Size, By Advance Metering Infrastructure Type, 20162023 (USD Million)
Table 72 Middle East and Africa: Smart Grid Market Size, By Country, 20162023 (USD Million)
Table 73 Middle East and Africa: Market Size, By Component, 20162023 (USD Million)
Table 74 Middle East and Africa: Market Size, By Software, 20162023 (USD Million)
Table 75 Middle East and Africa: Market Size, By Service, 20162023 (USD Million)
Table 76 Middle East and Africa: Market Size, By Advance Metering Infrastructure Type,20162023 (USD Million)
Table 77 Kingdom of Saudi Arabia: Smart Grid Market Size, By Component, 20162023 (USD Million)
Table 78 Kingdom of Saudi Arabia: Market Size, By Software, 20162023 (USD Million)
Table 79 Kingdom of Saudi Arabia: Market Size, By Service, 20162023 (USD Million)
Table 80 Kingdom of Saudi Arabia: Market Size, By Advance Metering Infrastructure Type,20162023 (USD Million)
Table 81 Qatar: Market Size, By Component, 20162023 (USD Million)
Table 82 Qatar: Market Size, By Software, 20162023 (USD Million)
Table 83 Qatar: Smart Grid Market Size, By Service, 20162023 (USD Million)
Table 84 Qatar: Market Size, By Advance Metering Infrastructure Type,20162023 (USD Million)
Table 85 United Arab Emirates: Smart Grid Market Size, By Component, 20162023 (USD Million)
Table 86 United Arab Emirates: Market Size, By Software, 20162023 (USD Million)
Table 87 United Arab Emirates: Market Size, By Service, 20162023 (USD Million)
Table 88 United Arab Emirates: Market Size, By Advance Metering Infrastructure Type,20162023 (USD Million)
Table 89 South Africa: Smart Grid Market Size, By Component, 20162023 (USD Million)
Table 90 South Africa: Market Size, By Software, 20162023 (USD Million)
Table 91 South Africa: Market Size, By Service, 20162023 (USD Million)
Table 92 South Africa: Market Size, By Advance Metering Infrastructure Type,20162023 (USD Million)
Table 93 Latin America: Smart Grid Market Size, By Country, 20162023 (USD Million)
Table 94 Latin America: Market Size, By Component, 20162023 (USD Million)
Table 95 Latin America: Market Size, By Software, 20162023 (USD Million)
Table 96 Latin America: Market Size, By Service, 20162023 (USD Million)
Table 97 Latin America: Market Size, By Advance Metering Infrastructure Type, 20162023 (USD Million)
Table 98 Brazil: Market Size, By Component, 20162023 (USD Million)
Table 99 Brazil: Market Size, By Software, 20162023 (USD Million)
Table 100 Brazil: Market Size, By Service, 20162023 (USD Million)
Table 101 Brazil: Market Size, By Advance Metering Infrastructure Type,20162023 (USD Million)
Table 102 Mexico: Market Size, By Component, 20162023 (USD Million)
Table 103 Mexico: Market Size, By Software, 20162023 (USD Million)
Table 104 Mexico: Market Size, By Service, 20162023 (USD Million)
Table 105 Mexico: Market Size, By Advance Metering Infrastructure Type,20162023 (USD Million)
Table 106 New Product Launches and Upgradations, 2018
Table 107 Mergers and Acquisitions, 20172018
Table 108 Partnerships, Collaborations, and Agreements, 20172018
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 Market Bottom-Up Approach
Figure 5 Market Top-Down Approach
Figure 6 Market Size, 20162023
Figure 7 Fastest-Growing Segments in the Global Smart Grid Market, 20182023
Figure 8 Smart Grid Market: Regional Analysis, 2018
Figure 9 Modernization of the Aging Grid Infrastructure is One of the Factors Driving the 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, 20162018
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
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