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Global Smart Grid Market (2021-2026) by Component, Software Type, Services, Technology, Application, End-user, Geography, Competitive Analysis and the Impact of COVID-19 with Ansoff Analysis

  • ID: 5317214
  • Report
  • April 2021
  • Region: Global
  • 179 pages
  • Infogence Global Research
UP TO OFF
until Nov 30th 2021
The Global Smart Grid Market is Estimated to be USD 41.04 Bn in 2021 and is Expected to Reach USD 110.9 Bn by 2026, Growing at a CAGR of 22%

FEATURED COMPANIES

  • ABB Ltd
  • Cisco Systems Inc
  • General Electric Company
  • Hubbell
  • Iskraemeco
  • Landis+GYR LTD (Toshiba)
The Global Smart Grid Market is estimated to be USD 41.04 Bn in 2021 and is expected to reach USD 110.9 Bn by 2026, growing at a CAGR of 22%.



Market Dynamics

The growing consumption of electricity by the masses has led to a high need for producing efficient energy management systems. Moreover, the growing irregularities in the current traditional grid systems such as high energy wastage are impacting individuals and enterprises economically and degrading the environmental resources. All these factors are promissory indicating the growth of the smart grid market.

Conversely, the high costs of developing and deploying a smart grid system along with high vulnerabilities to data threats are restraining the market growth of the smart grid market.

Market Segmentation

The Global Smart Grid Market is segmented further based on Component, Software Type, Services, Technology, Application, End-User, and Geography.

By Component, the market is classified as software, hardware, and services. Amongst the two, the software segment is estimated to hold the highest market share.

By Software Type, the market is classified 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. Amongst all, the smart grid distribution management is estimated to hold the highest market share during the forecast period.

By Services, the market is classified as consulting, deployment and integration, and support and maintenance. Amongst all, the deployment and integration segment holds the highest market share.

By Technology, the market is classified as smart T&D equipment, distribution & network automation, advanced metering infrastructure, consumer interface, and communication & wireless infrastructure. Amongst all, smart T&D equipment is estimated to hold the highest market share.

By Application, the market is classified as generation, transmission, distribution, and consumption/end-use. Amongst all, the distribution and consumption/end-use segment is estimated to hold the highest market share.

By End User, the market is classified as residential, commercial, and industrial. Amongst the two, the commercial segment is estimated to hold the highest market share.

By Geography, North America is projected to lead the market.

Recent Developments
1. Siemens Financial Services, Siemens Industry, and Macquarie’s Green Investment Group (GIG) have formed a new Company, Calibrant Energy. The new company shall provide onsite energy solutions through its Energy-as-a-Service (EaaS) solutions by enabling hybrid systems, standalone batteries, microgrids, etc to its customers. - 6th October 2020
2. Cisco is working with Enel as a technology partner for developing smart grid technologies and promoting IIoT) technologies, and cybersecurity processes. -23rd June 2020

Company Profiles

Some of the companies covered in this report are ABB, Siemens, General Electric, Honeywell Elster, Schneider Electric, Belden, Hubbell, Fujitsu, Oracle, Cisco, Wipro, and IBM, etc.

Competitive Quadrant

The report includes a Competitive Quadrant, a proprietary tool to analyze and evaluate the position of companies based on their Industry Position score and Market Performance score. The tool uses various factors for categorizing the players into four categories. Some of these factors considered for analysis are financial performance over the last 3 years, growth strategies, innovation score, new product launches, investments, growth in market share, etc.

Why buy this report?
  • The report offers a comprehensive evaluation of the Global Smart Grid Market.
  • The report includes in-depth qualitative analysis, verifiable data from authentic sources, and projections about market size. The projections are calculated using proven research methodologies.
  • The report has been compiled through extensive primary and secondary research. The primary research is done through interviews, surveys, and observation of renowned personnel in the industry.
  • The report includes in-depth market analysis using Porter’s 5 force model and the Ansoff Matrix. The impact of Covid-19 on the market is also featured in the report.
  • The report also contains the competitive analysis using Competitive Quadrants, the analyst's proprietary competitive positioning tool.
Report Highlights:
  • A complete analysis of the market, including parent industry
  • Important market dynamics and trends
  • Market segmentation
  • Historical, current, and projected size of the market based on value and volume
  • Market shares and strategies of key players
  • Recommendations to companies for strengthening their foothold in the market
Note: Product cover images may vary from those shown

FEATURED COMPANIES

  • ABB Ltd
  • Cisco Systems Inc
  • General Electric Company
  • Hubbell
  • Iskraemeco
  • Landis+GYR LTD (Toshiba)
1 Report Description
1.1 Study Objectives
1.2 Market Definition
1.3 Currency
1.4 Years Considered
1.5 Language
1.6 Key Shareholders

2 Research Methodology
2.1 Research Process
2.2 Data Collection and Validation
2.2.1 Secondary Research
2.2.2 Primary Research
2.3 Market Size Estimation
2.4 Assumptions of the Study
2.5 Limitations of the Study

3 Executive Summary

4 Market Overview
4.1 Introduction
4.2 Market Dynamics
4.2.1 Drivers
4.2.1.1 Growing demand for electricity
4.2.1.2 Need for efficient energy management systems
4.2.1.3 Growing irregularities in traditional grid systems
4.2.1.4 Lowering operational costs and reducing environmental impacts
4.2.2 Restraints
4.2.2.1 High deployment costs
4.2.2.2 Vulnerabilities to cyber attacks
4.2.3 Opportunities
4.2.3.1 Advancements in the IoT and 5G technology
4.2.3.2 Growth of smart city infrastructure
4.2.3.3 Role of advanced technologies such as AI and blockchain in smart grid implementation
4.2.3.4 Favorable regulatory policies
4.2.4 Challenges
4.2.4.1 Integration and Change management issues
4.2.4.2
4.3 Trends

5 Market Analysis
5.1 Porter’s Five Forces Analysis
5.2 Impact of COVID-19
5.3 Ansoff Matrix Analysis

6 Global Smart Grid Market, By Component
6.1 Introduction
6.2 Software
6.3 Hardware
6.4 Services

7 Global Smart Grid Market, By Solution Type
7.1 Introduction
7.2 Advanced Metering Infrastructure
7.3 Smart Grid Distribution Management
7.4 Smart Grid Network Management
7.5 Grid Asset Management
7.6 Substation Automation
7.7 Smart Grid Security
7.8 Billing and Customer Information System

8 Global Smart Grid Market, By Services
8.1 Introduction
8.2 Consulting
8.3 Deployment and Integration
8.4 Support and Maintenance

9 Global Smart Grid Market, By Technology
9.1 Introduction
9.2 Smart T&D equipment
9.3 Distribution & network automation
9.4 Advanced Metering Infrastructure
9.5 Consumer Interface
9.6 Communication & Wireless Infrastructure

10 Global Smart Grid Market, By Application
10.1 Introduction
10.2 Generation
10.3 Transmission
10.4 Distribution
10.5 Consumption/End Use

11 Global Smart Grid Market, By End User
11.1 Introduction
11.2 Residential
11.3 Commercial
11.4 Industrial

12 Global Smart Grid Market, By Geography
12.1 Introduction
12.2 North America
12.2.1 US
12.2.2 Canada
12.2.3 Mexico
12.3 South America
12.3.1 Brazil
12.3.2 Argentina
12.4 Europe
12.4.1 UK
12.4.2 France
12.4.3 Germany
12.4.4 Italy
12.4.5 Spain
12.4.6 Rest of Europe
12.5 Asia-Pacific
12.5.1 China
12.5.2 Japan
12.5.3 India
12.5.4 Indonesia
12.5.5 Malaysia
12.5.6 South Korea
12.5.7 Australia
12.5.8 Russia
12.5.9 Rest of APAC
12.6 Rest of the World
12.6.1 Qatar
12.6.2 Saudi Arabia
12.6.3 South Africa
12.6.4 United Arab Emirates
12.6.5 Latin America

13 Competitive Landscape
13.1 Competitive Quadrant
13.2 Market Share Analysis
13.3 Competitive Scenario
13.3.1 Mergers & Acquisitions
13.3.2 Agreement, Collaborations, & Partnerships
13.3.3 New Product Launches & Enhancements
13.3.4 Investments & Fundings

14 Company Profiles
14.1 Schneider Electric SA
14.2 Open Systems International Inc (Emerson Electric)
14.3 Oracle Corporations
14.4 General Electric Company
14.5 ABB Ltd
14.6 Itron Inc
14.7 Cisco Systems Inc
14.8 Siemens AG
14.9 Aclara Technologies LLC (Hubbel Inc)
14.10 Honeywell International Inc
14.11 IBM Corporation
14.12 Tech Mahindra Limited
14.13 Belden
14.14 Hubbell
14.15 Wipro Limited
14.16 Cooper Power Systems LLC (Eaton)
14.17 Elster Group SE (Melrose PLC)
14.18 Iskraemeco
14.19 Landis+GYR LTD (Toshiba)
14.20 Comverge Inc. (Itron)
14.21 Echelon CORP (Adesto Technologies)
14.22 Grid Net, Inc

15 Appendix
15.1 Questionnaire
Note: Product cover images may vary from those shown
  • Schneider Electric SA
  • Open Systems International Inc (Emerson Electric)
  • Oracle Corporations
  • General Electric Company
  • ABB Ltd
  • Itron Inc
  • Cisco Systems Inc
  • Siemens AG
  • Aclara Technologies LLC (Hubbel Inc)
  • Honeywell International Inc
  • IBM Corporation
  • Tech Mahindra Limited
  • Belden
  • Hubbell
  • Wipro Limited
  • Cooper Power Systems LLC (Eaton)
  • Elster Group SE (Melrose PLC)
  • Iskraemeco
  • Landis+GYR LTD (Toshiba)
  • Comverge Inc. (Itron)
  • Echelon CORP (Adesto Technologies)
  • Grid Net, Inc
Note: Product cover images may vary from those shown

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