With growing electricity consumption, the peak electricity demand is expected to increase manifold by 2050. It is believed that, owing to their intelligence features, smart grids have the potential to reduce the projected peak demand increases by up to 24% across some of the major regions of the world. This is because sensors in smart grids can detect peak load in advance and divert surplus supply from low demand areas to meet the peak requirements in a particular region. Moreover, with countries having ambitious renewable energy targets, it is important to ensure that a compatible infrastructure is put in place in parallel.
Several geographies across the world have already recognized the need of upgrading to smart grids and have taken initiatives to encourage this transition. The US, for instance, allocated USD 4.5 billion initially towards grid modernization; the investment increased over the years under the American Recovery Reinvestment Act of 2009. In Europe, the European Technology Platform (ETP) SmartGrids was formalized in 2005 to create a vision for the European networks till 2020 and beyond. A recent 2017 report by Joint Research Centre (JRC) included 950 smart grid projects (R&D and demonstration) across Europe; across these, a total of EUR 5 billion has been invested.
Emerging economies are also planning to upgrade existing systems to smart grids. The ambitious renewable energy targets of countries such as China and India are expected to drive the smart grids market in the future. In China, the government announced an investment of USD 96 billion between 2010 and 2020 to accelerate smart grids deployment. Similarly, in India, several pilot stage smart grid projects are underway.
Smart Grids are expected to play a pivotal role in clean energy initiatives. Specifically, smart meters are amongst the most focused infrastructures across several countries. In the US, more than 75 million smart meters had been installed by 2017. In addition, the EU has set a target of replacing at least 80% (~ 245 million) of the conventional electricity meters with smart meters by 2020. In fact, it is reported that Sweden, Finland, Italy and Luxembourg have already reached full deployment. The EU Smart Grids Task Force believes that the planned rollout of smart meters and smart grids has the potential to reduce carbon emissions in the EU by 9%.
The ‘Smart Grids Infrastructure Market, 2018 - 2030’ report features an extensive study of the current landscape and future outlook of the growing market for smart grids. The focus of this study is on the smart grids infrastructure, equipment, modules / components / systems offered by different players. The field is backed by grants / investments from various government agencies and is characterized by the presence of several well-established companies.
Amongst other elements, the report features:
- A detailed assessment of the current market landscape, providing information on various infrastructure components offered by companies for deploying smart grids in an existing network; these include transmission and distribution equipment, substation automation modules / components and supported communication channels.
- Detailed profiles of some of the leading players in the industry, highlighting the current focus of the companies with details on their specific smart grid infrastructure equipment / module / component / systems and services. The profiles also include a section on recent developments, highlighting the achievements, partnerships / collaborations and the likely strategies that may be adopted by these players to fuel growth in the foreseen future.
- A comprehensive benchmark analysis, highlighting key focus areas of small, mid-sized and large sized companies; the benchmark analysis provides a means to compare the existing capabilities within respective peer groups and help industry stakeholders identify ways to achieve a competitive edge over contemporary players.
- A detailed market attractiveness analysis elucidating the attractiveness of major markets across the globe based on parameters that are likely to determine the future growth opportunities in specific regions.
- A case study highlighting the regulatory initiatives across various geographies and the regulatory standards / norms designed for a uniform and standardized smart grid deployments.
- An overview of some of the recent smart grid deployment projects across the EU, North America and rest of the world (Australia, China, India, Japan and South Korea). Specifically, we have highlighted the current focus area across the regions defined by the type of projects that have been undertaken (AMI, distribution network or transmission network).
One of the key objectives of the study was to understand the primary growth drivers and estimate the future size of the market. We looked at the likely future investments to be made in the key geographies (the US, the EU, China, Japan, South Korea, Australia, Canada, Russia, Singapore, India and UAE). Based on this, we have provided an informed estimate on the likely evolution of the market in the long term, for the period of 2018 - 2030. Considering the uncertainties related to the investments and political influence across the geographies, and to add robustness to our model, we have provided three forecast scenarios, representing the conservative, base and optimistic tracks of the market’s evolution.
The opinions and insights highlighted in this report were influenced by discussions held with senior stakeholders in the industry. These include Emmanuel Albert (CEO, Trispectra Innovation), Fulvio Ferrari (Founding Partner, Wemworld) and Jenny Erwin (Business Development Manager, Smart Wires). All the actual figures have been sourced and analyzed from publicly available information forums and primary research discussions. Financial figures mentioned in this report are in USD, unless specified otherwise.
Example Highlights
- Close to 170 stakeholders currently offer a variety of smart grids infrastructure equipment. Around 28% of these companies offer transmission and distribution equipment; these include players providing high voltage direct current (HVDC) systems, remote terminal units (RTUs), flexible AC transmission systems (FACTS), voltage ampere reactive (VAR) optimizer and synchrophasors. Examples of such companies include (in alphabetical order, no selection criteria) Amantys, Circutor, Dynex Semiconductor, Edison Power Constructors, Grid 20 / 20, Protrol, Helberg Electrical Supply, Landis + Gyr, Mitsubishi Electric, Smart Wires, Sumitomo Electric Industries and Sietec Solutionz.
- Majority (~90%) of the companies offer substation automation equipment. The substation automation segment can be further classified into two categories, namely substation automation modules (communication networks, supervisory control and data acquisition, and intelligent electronic devices (IEDs)) and substation automation components (reclosers, programmable logic controllers, RTUs, capacitor bank controllers, smart meters, load tap controller, communication channels and digital relays). Examples of such companies include (in alphabetical order, no selection criteria) ADD Grup, AEM, Aqua Metric, aSAY Energy, Bitlismen, Bivocom, Celestica, C-EPRI, Delta Electric, dVentus Wind Technologies, Eaton, Heyi Electric, IntelliSAW, SEC Grid Automation Technologies, Sietec Solutionz, Smart Energy Instruments, Takaoka Toko, Unipower and Wemworld.
- Over 30% of the companies offer communication channel solutions, which include power line, optical fiber, copper wire, ethernet and cellular network communication. Examples of companies providing these solutions include (in alphabetical order, no selection criteria) Aclara, Benden, Eltel Networks, Encore Networks, Energomera, Energy Care Holding, Mastec, Microchip Technologies, Mirait Technologies, Nexans, Phoenix Contact and Trispectra Innovation.
- The current market is dominated by large enterprises. In fact, we identified 69 large sized companies that offer smart grid infrastructure; a number of these companies offer a wide range of solutions (independently or in collaboration) required for the deployment of smart grids. Examples of such companies include (in alphabetical order, no selection criteria) ABB, CG Power and Industrial Solutions, GE, Hitachi, Itron, L&T Power, PowerCom, Powerline Technologies, Schneider Electric and Siemens.
- Our market attractiveness analysis reveals that, at present, the market is highly lucrative for stakeholders in the US and the EU based on multiple parameters, such as quality of workforce in the regions, ease of trade, financial support, power generation / consumption, plans / availability of renewable energy resources and cost of implementation of smart grids.
- With targeted goals and investments across many regions in the world, the market is anticipated to grow at a steady pace between 2018 and 2030. In fact, primary research confirms that the global investment opportunity could be as high as USD 1 trillion. Though the short-term market is likely to be driven by developed economies, long term sustainability will be offered through the contributions of emerging economies, such as China and India.
Table of Contents
1. PREFACE
1.1. Scope of the Report
1.2. Research Methodology
1.3. Chapter Outlines
2. EXECUTIVE SUMMARY
3. INTRODUCTION
3.1. Discovery of Electricity: A Historical Timeline
3.1.1. Initial Methods for Transmission of Electricity
3.2. Modern Day Electricity Grids
3.2.1. Limitations/Challenges of Traditional Grids
3.3. Smart Grids: A Giant Leap in Infrastructure
3.3.1. Evolution of Automation Technologies
3.3.2. Energy Internet of the Future
3.3.3. Advantages/Applications of Smart Grids
3.4. Pre-requisites for a Smart Grid
3.4.1. System Automation Architecture of a Power Plant
3.4.2. Functional Sub-Systems of a Smart Grid System
3.4.2.1. Process Control and Safety Systems
3.4.2.2. Communication Networks
3.4.2.3. Process Optimization Systems
3.4.2.4. Database Management and Maintenance Systems
3.4.2.5. Process Improvement and Decision Support Systems
3.4.3. Transmission and Distribution Systems
3.4.4. Substation Automation
3.4.4.1. Substation Automation Modules
3.4.4.2. Substation Automation System Components
3.4.4.3. Supported Communication Systems
4. SMART GRIDS: REGULATORY STANDARDS AND COMPLIANCE
4.1. Chapter Overview
4.1.1. Do’s and Don’ts while Setting up Smart Grids
4.2. The International Electrotechnical Commission (IEC)
4.2.1. IEC Standards for Smart Grids
4.3. Regulatory Standards in the US
4.3.1. Overview
4.3.2. Standards
4.4. Regulatory Standards in Europe
4.4.1. Overview
4.4.2. Standards
4.5. Regulatory Standards in China
4.5.1. Overview
4.5.2. Standards
4.6. Regulatory Standards in Japan
4.6.1. Overview
4.6.2. Standards
4.7. Regulatory Standards in India
4.7.1. Overview
4.7.2. Standards
4.8. Regulatory Standards in Australia
4.8.1. Overview
4.8.2. Standards
5. CURRENT MARKET LANDSCAPE
5.1. Chapter Overview
5.2. Smart Grids: Market Landscape
5.2.1. Distribution by Year of Establishment
5.2.2. Distribution by Geographical Location
5.2.3. Distribution by Company Size
5.2.4. Distribution by Type of Offering
6. COMPANY PROFILES
6.1. Chapter Overview
6.2. ABB
6.2.1. Company Snapshot
6.2.2. Products/Services Offered
6.2.3. Recent Developments
6.3. Aclara Technologies
6.3.1. Company Snapshot
6.3.2. Products/Services Offered
6.3.3. Recent Developments
6.4. CG Power and Industrial Solutions
6.4.1. Company Snapshot
6.4.2. Products/Services Offered
6.4.3. Recent Developments
6.5. Circutor
6.5.1. Company Snapshot
6.5.2. Products/Services Offered
6.5.3. Recent Developments
6.6. Eaton
6.6.1. Company Snapshot
6.6.2. Products/Services Offered
6.6.3. Recent Developments
6.7. Energy Care
6.7.1. Company Snapshot
6.7.2. Products/Services Offered
6.7.3. Recent Developments
6.8. General Electric
6.8.1. Company Snapshot
6.8.2. Products/Services Offered
6.8.3. Recent Developments
6.9. Honeywell
6.9.1. Company Snapshot
6.9.2. Products/Services Offered
6.9.3. Recent Developments
6.10. Itron
6.10.1. Company Snapshot
6.10.2. Products/Services Offered
6.10.3. Recent Developments
6.11. Landis+Gyr
6.11.1. Company Snapshot
6.11.2. Products/Services Offered
6.11.3. Recent Developments
6.12. L&T Power
6.12.1. Company Snapshot
6.12.2. Products/Services Offered
6.12.3. Recent Developments
6.13. PowerCom
6.13.1. Company Snapshot
6.13.2. Products/Services Offered
6.13.3. Recent Developments
6.14. S&C Electric Company
6.14.1. Company Snapshot
6.14.2. Products/Services Offered
6.14.3. Recent Developments
6.15. Schneider Electric
6.15.1. Company Snapshot
6.15.2. Products/Services Offered
6.15.3. Recent Developments
6.16. Schweitzer Engineering Labs (SEL)
6.16.1. Company Snapshot
6.16.2. Products/Services Offered
6.16.3. Recent Developments
6.17. Siemens
6.17.1. Company Snapshot
6.17.2. Products/Services Offered
6.17.3. Recent Developments
6.18. Smart Wires
6.18.1. Company Snapshot
6.18.2. Products/Services Offered
6.18.3. Recent Developments
6.19. Trilliant Networks
6.19.1. Company Snapshot
6.19.2. Products/Services Offered
6.19.3. Recent Developments
6.20. Trispectra Innovation
6.20.1. Company Snapshot
6.20.2. Products/Services Offered
6.20.3. Recent Developments
6.21. Wemworld
6.21.1. Company Snapshot
6.22.2 Products/Services Offered
6.22.3 Recent Developments
7. BENCHMARK ANALYSIS
7.1. Chapter Overview
7.2. Benchmark Analysis: Methodology
7.3. Benchmark Analysis: Peer Groups
7.3.1. Benchmark Analysis: Companies in North America
7.3.1.1. Peer Group I: Small and Mid-Sized Companies
7.3.1.2. Peer Group II: Large Scale Enterprises
7.3.2. Benchmark Analysis: Companies in Europe
7.3.2.1. Peer Group III: Small and Mid-Sized Companies
7.3.2.2 Peer Group IV: Large Scale Enterprises
7.3.3. Benchmark Analysis: Companies in Asia and Rest of World
7.3.3.1. Peer Group V: Small and Mid-Sized Companies
7.3.3.2. Peer Group VI: Large Scale Enterprises
8. MARKET ATTRACTIVENESS ANALYSIS
8.1. Chapter Overview
8.2. Market Attractiveness Analysis: Methodology
8.3. Market Attractiveness Analysis: Summary
8.3.1. Ease of Implementation
8.3.2. Market Boosters
8.3.3. Other Enablers
8.4. Key Takeaways
9. MARKET FORECAST
9.1. Chapter Overview
9.2. Forecast Methodology and Key Assumptions
9.3. Overall Smart Grid Infrastructure Market, 2018-2030
9.4. Smart Grid Infrastructure Market: Distribution by Type of Equipment
9.4.1. Transmission and Distribution Equipment Market, 2018-2030
9.4.2. Substation Automation Equipment Market, 2018-2030
9.4.3. Communication Systems Market, 2018-2030
9.5. Smart Grid Infrastructure Market: Distribution by Regions
9.5.1. Smart Grid Infrastructure Market in the US, 2018-2030
9.5.2. Smart Grid Infrastructure Market in Europe, 2018-2030
9.5.3. Smart Grid Infrastructure Market in Australia, 2018-2030
9.5.4. Smart Grid Infrastructure Market in Canada, 2018-2030
9.5.5. Smart Grid Infrastructure Market in Japan, 2018-2030
9.5.6. Smart Grid Infrastructure Market in South Korea, 2018-2030
9.5.7. Smart Grid Infrastructure Market in Singapore, 2018-2030
9.5.8. Smart Grid Infrastructure Market in Russia, 2018-2030
9.5.9. Smart Grid Infrastructure Market in India, 2018-2030
9.5.10. Smart Grid Infrastructure Market in China, 2018-2030
9.5.11. Smart Grid Infrastructure Market in UAE, 2018-2030
10. GLOBAL SMART GRID INITIATIVES: AN OVERVIEW
10.1. Chapter Overview
10.2. Smart Grid Projects in North America
10.3. Smart Grids Projects in the EU
10.4. Smart Grids Projects in Rest of the World
10.4.1. Australia
10.4.2. China
10.4.3. India
10.4.4. Japan
10.4.5. South Korea
10.5. Key Takeaways
11. CONCLUSION
11.1 Evolution of Automation Technologies Have Impacted Several Industries; Electric Utilities are not an Exception
11.2 With Growing Focus on Making the Electric Grid Smart, Several Companies, Ranging from Small/Mid-Sized to Large Enterprises, are Providing Innovative Smart Grid Technologies
11.3 Several Large Enterprises are Acting as One-Stop Shops for Deployment of Smart Grids
11.4 At Present, the US and Europe are Leading the Efforts, Offering a Plethora of Opportunities for Stakeholders
11.5 Driven by Investments from Governments Across Many Countries, the Market is Expected to Grow Significantly in the Coming Years
11.6 With the Steadily Increasing Load on the Electricity Grids, Smart Grids Will Remain the Go-To Option for Long Term
12. INTERVIEW TRANSCRIPTS
12.1. Chapter Overview
12.2. Emmanuel Albert, CEO, Trispectra Innovation
12.3. Fulvio Ferrari, Founding Partner, Wemworld
12.4. Jenny Erwin, Business Development Manager, Smart Wires
13. APPENDIX 1: TABULATED DATA
14. APPENDIX 2: LIST OF COMPANIES AND ORGANIZATIONS
LIST OF FIGURES
Figure 3.1 Discovery of Electricity: Historical Timeline
Figure 3.2 Modern Day Electricity Grid: Schematic Representation
Figure 3.3 Automation Architecture Levels: Classification
Figure 3.4 Functional Sub-Systems of a Smart Grid
Figure 4.1 The US Policy Statement on Grid Modernization
Figure 5.1 Smart Grids: Distribution of Companies by Year of Establishment
Figure 5.2 Smart Grids: Distribution of Companies by Geographical Location
Figure 5.3 Smart Grids: Distribution of Companies by Size (Number of Employees)
Figure 5.4 Smart Grids: Distribution of Companies by Type of Offering
Figure 5.5 Smart Grids: Distribution of Companies by Type of Transmission and Distribution Equipment Offered
Figure 5.6 Smart Grids: Distribution of Companies by Type of Substation Automation Systems Offered
Figure 7.1 Benchmark Analysis: Distribution of Companies by Geographical Location
Figure 7.2 Benchmark Analysis: Small and Mid-Sized Companies in North America, Peer Group I
Figure 7.3 Benchmark Analysis: Large-Sized Companies in North America, Peer Group II
Figure 7.4 Benchmark Analysis: Small and Mid-Sized Companies in Europe, Peer Group III
Figure 7.5 Benchmark Analysis: Large-Sized Companies in Europe, Peer Groups IV
Figure 7.6 Benchmark Analysis: Large-Sized Companies in Rest of World, Peer Group V
Figure 7.7 Benchmark Analysis: Large-sized Companies in Rest of World, Peer Group VI
Figure 9.1 Smart Grid Infrastructure Market: Distribution by Type of Equipment
Figure 9.2 Global Transmission and Distribution Infrastructure Market, 2018-2030: Base Scenario (USD Billion)
Figure 9.3 Global Substation Automation Infrastructure Market, 2018-2030: Base Scenario (USD Billion)
Figure 9.4 Global Smart Grid Communication Infrastructure Market, 2018-2030: Base Scenario (USD Billion)
Figure 9.5 Smart Grid Infrastructure Market in the US, 2018-2030: Base Scenario (USD Billion)
Figure 9.6 Smart Grid Infrastructure Market in Europe. 2018-2030: Base Scenario (USD Billion)
Figure 9.7 Smart Grid Infrastructure Market in Australia, 2018-2030: Base Scenario (USD Billion)
Figure 9.8 Smart Grid Infrastructure Market in Canada, 2018:2030: Base Scenario (USD Billion)
Figure 9.9 Smart Grid Infrastructure Market in Japan, 2018-2030: Base Scenario (USD Billion)
Figure 9.10 Smart Grid Infrastructure Market in South Korea, 2018-2030: Base Scenario (USD Billion)
Figure 9.11 Smart Grid Infrastructure Market in Singapore, 2018-2030: Base Scenario (USD Billion)
Figure 9.12 Smart Grid Infrastructure Market in Russia, 2018-2030: Base Scenario (USD Billion)
Figure 9.13 Smart Grid Infrastructure Market in China, 2018-2030: Base Scenario (USD Billion)
Figure 9.14 Smart Grid Infrastructure Market in India, 2018-2030: Base Scenario (USD Billion)
Figure 9.15 Smart Grid Infrastructure Market in UAE, 2018-2030: Base Scenario (USD Billion)
Figure 10.1 Smart Grid Projects in North America: Distribution by Project Type
Figure 10.2 Smart Grid Projects in North America: Distribution by Project Type and Cost of Project (USD Million)
Figure 10.3 Smart Grid Projects in Europe: Distribution by Project Type
Figure 10.4 Smart Grid Projects in Europe: Distribution by Project Starting Year
Figure 10.5 Smart Grid Projects in Rest of the World: Distribution by Project Type
Figure 10.6 Smart Grid Projects in Rest of the World: Distribution by Project Type and Cost of Project (USD Million)
Figure 10.7 Common Objectives of the Smart Grids Policies
LIST OF TABLES
Table 3.1 List of Small-Scale Electricity Providers in the 1800s
Table 3.2 Noteworthy Contributors to Commercialization of Electricity
Table 4.1 Smart Grid Core Standards: IEC
Table 4.2 Smart Grid Standards: US
Table 4.3 Smart Grid Standards: Europe
Table 4.4 Smart Grid Standards: China
Table 4.5 Smart Grid Standards: India
Table 4.6 Smart Grid Standards: Australia
Table 5.1 Smart Grids: List of Companies
Table 5.2 Smart Grids: List of Companies (Information on Transmission and Distribution Equipment Offered)
Table 5.3 Smart Grids: List of Companies (Information on Substation Automation Systems Offered)
Table 5.4 Smart Grids: List of Companies (Information on Substation Automation Supported Communication Systems Offered)
Table 6.1 ABB: Company Overview
Table 6.2 ABB: Product Portfolio
Table 6.3 ABB: Recent Developments
Table 6.4 Aclara Technologies: Company Overview
Table 6.5 Aclara Technologies: Product Portfolio
Table 6.6 Aclara Technologies: Recent Developments
Table 6.7 CG Power and Industrial Solutions: Company Overview
Table 6.8 CG Power and Industrial Solutions: Product Portfolio
Table 6.9 CG Power and Industrial Solutions: Recent Developments
Table 6.10 Circutor: Company Overview
Table 6.11 Circutor: Product Portfolio
Table 6.12 Circutor: Recent Developments
Table 6.13 Eaton: Company Overview
Table 6.14 Eaton: Product Portfolio
Table 6.15 Eaton: Recent Developments
Table 6.16 Energy Care: Company Overview
Table 6.17 Energy Care: Product Portfolio
Table 6.18 Energy Care: Recent Developments
Table 6.19 General Electric: Company Overview
Table 6.20 General Electric: Product Portfolio
Table 6.21 General Electric: Recent Developments
Table 6.22 Honeywell: Company Overview
Table 6.23 Honeywell: Product Portfolio
Table 6.24 Honeywell: Recent Developments
Table 6.25 Itron: Company Overview
Table 6.26 Itron: Product Portfolio
Table 6.27 Itron: Recent Developments
Table 6.28 Landis+Gyr: Company Overview
Table 6.29 Landis+Gyr: Product Portfolio
Table 6.30 Landis+Gyr: Recent Developments
Table 6.31 L&T Power: Company Overview
Table 6.32 L&T Power: Product Portfolio
Table 6.33 L&T Power: Recent Developments
Table 6.34 PowerCom: Company Overview
Table 6.35 PowerCom: Product Portfolio
Table 6.36 PowerCom: Recent Developments
Table 6.37 S&C Electric Company: Company Overview
Table 6.38 S&C Electric Company: Product Portfolio
Table 6.39 S&C Electric Company: Recent Developments
Table 6.40 Schneider Electric: Company Overview
Table 6.41 Schneider Electric: Product Portfolio
Table 6.42 Schneider Electric: Recent Developments
Table 6.43 Schweitzer Engineering Labs: Company Overview
Table 6.44 Schweitzer Engineering Labs: Product Portfolio
Table 6.45 Schweitzer Engineering Labs: Recent Developments
Table 6.46 Siemens: Company Overview
Table 6.47 Siemens: Product Portfolio
Table 6.48 Siemens: Recent Developments
Table 6.49 Smart Wires: Company Overview
Table 6.50 Smart Wires: Product Portfolio
Table 6.51 Smart Wires: Recent Developments
Table 6.52 Trilliant Networks: Company Overview
Table 6.53 Trilliant Networks: Product Portfolio
Table 6.54 Trilliant Networks: Recent Developments
Table 6.55 Trispectra Innovation: Company Overview
Table 6.56 Trispectra Innovation: Product Portfolio
Table 6.57 Trispectra Innovation: Recent Developments
Table 6.58 Wemworld: Company Overview
Table 6.59 Wemworld: Product Portfolio
Table 6.60 Wemworld: Recent Developments
Table 7.1 Benchmark Analysis: Peer Groups
Table 8.1 Market Attractiveness Analysis: Summary
Table 8.2 Market Attractiveness Analysis: Detailed Evaluation
Table 10.1 Smart Grid Projects in North America
Table 10.2 Smart Grids in Europe: 10 Key Actions
Table 10.3 Smart Grid Projects in Europe
Table 10.4 Smart Grid Projects in Rest of World
Table 12.1 Smart Grids: Distribution of Companies by Year of Establishment
Table 12.2 Smart Grids: Distribution of Companies by Geographical Location
Table 12.3 Smart Grids: Distribution of Companies by Size (Number of Employees)
Table 12.4 Smart Grids: Distribution of Companies by Type of Offering
Table 12.5 Smart Grids: Distribution of Companies by Type of Transmission and Distribution Equipment Offered
Table 12.6 Smart Grids: Distribution of Companies by Type of Substation Automation Systems Offered
Table 12.7 Benchmark Analysis: Distribution of Companies by Geographical Location
Table 12.8 Global Transmission and Distribution Infrastructure Market, 2018-2030: Conservative Scenario (USD Billion)
Table 12.9 Global Transmission and Distribution Infrastructure Market, 2018-2030: Base Scenario (USD Billion)
Table 12.10 Global Transmission and Distribution Infrastructure Market, 2018-2030: Optimistic Scenario (USD Billion)
Table 12.11 Global Substation Automation Infrastructure Market, 2018-2030: Conservative Scenario (USD Billion)
Table 12.12 Global Substation Automation Infrastructure Market, 2018-2030: Base Scenario (USD Billion)
Table 12.13 Global Substation Automation Infrastructure Market, 2018-2030: Optimistic Scenario (USD Billion)
Table 12.14 Global Smart Grid Communication Infrastructure Market, 2018-2030: Conservative Scenario (USD Billion)
Table 12.15 Global Smart Grid Communication Infrastructure Market, 2018-2030: Base Scenario (USD Billion)
Table 12.16 Global Smart Grid Communication Infrastructure Market, 2018-2030: Optimistic Scenario (USD Billion)
Table 12.17 Smart Grid Infrastructure Market: Distribution by Geographies
Table 12.18 Smart Grid Infrastructure Market in the US, 2018-2030: Conservative Scenario (USD Billion)
Table 12.19 Smart Grid Infrastructure Market in the US, 2018-2030: Base Scenario (USD Billion)
Table 12.20 Smart Grid Infrastructure Market in the US, 2018-2030: Optimistic Scenario (USD Billion)
Table 12.21 Smart Grid Infrastructure Market in Europe, 2018-2030: Conservative Scenario (USD Billion)
Table 12.22 Smart Grid Infrastructure Market in Europe, 2018-2030: Base Scenario (USD Billion)
Table 12.23 Smart Grid Infrastructure Market in Europe, 2018-2030: Optimistic Scenario (USD Billion)
Table 12.24 Smart Grid Infrastructure Market in Australia, 2018-2030: Conservative Scenario (USD Billion)
Table 12.25 Smart Grid Infrastructure Market in Australia, 2018-2030: Base Scenario (USD Billion)
Table 12.26 Smart Grid Infrastructure Market in Australia, 2018-2030: Optimistic Scenario (USD Billion)
Table 12.27 Smart Grid Infrastructure Market in Canada, 2018-2030: Conservative Scenario (USD Billion)
Table 12.28 Smart Grid Infrastructure Market in Canada, 2018-2030: Base Scenario (USD Billion)
Table 12.29 Smart Grid Infrastructure Market in Canada, 2018-2030: Optimistic Scenario (USD Billion)
Table 12.30 Smart Grid Infrastructure Market in Japan, 2018-2030: Conservative Scenario (USD Billion)
Table 12.31 Smart Grid Infrastructure Market in Japan, 2018-2030: Base Scenario (USD Billion)
Table 12.32 Smart Grid Infrastructure Market in Japan, 2018-2030: Optimistic Scenario (USD Billion)
Table 12.33 Smart Grid Infrastructure Market in South Korea, 2018-2030: Conservative Scenario (USD Billion)
Table 12.34 Smart Grid Infrastructure Market in South Korea, 2018-2030: Base Scenario (USD Billion)
Table 12.35 Smart Grid Infrastructure Market in South Korea, 2018-2030: Optimistic Scenario (USD Billion)
Table 12.36 Smart Grid Infrastructure Market in Singapore, 2018-2030: Conservative Scenario (USD Billion)
Table 12.37 Smart Grid Infrastructure Market in Singapore, 2018-2030: Base Scenario (USD Billion)
Table 12.38 Smart Grid Infrastructure Market in Singapore, 2018-2030: Optimistic Scenario (USD Billion)
Table 12.39 Smart Grid Infrastructure Market in Russia, 2018-2030: Conservative Scenario (USD Billion)
Table 12.40 Smart Grid Infrastructure Market in Russia, 2018-2030: Base Scenario (USD Billion)
Table 12.41 Smart Grid Infrastructure Market in Russia, 2018-2030: Optimistic Scenario (USD Billion)
Table 12.42 Smart Grid Infrastructure Market in India, 2018-2030: Conservative Scenario (USD Billion)
Table 12.43 Smart Grid Infrastructure Market in India, 2018-2030: Base Scenario (USD Billion)
Table 12.44 Smart Grid Infrastructure Market in India, 2018-2030: Optimistic Scenario (USD Billion)
Table 12.45 Smart Grid Infrastructure Market in China, 2018-2030: Conservative Scenario (USD Billion)
Table 12.46 Smart Grid Infrastructure Market in China, 2018-2030: Base Scenario (USD Billion)
Table 12.47 Smart Grid Infrastructure Market in China, 2018-2030: Optimistic Scenario (USD Billion)
Table 12.48 Smart Grid Infrastructure Market in UAE, 2018-2030: Conservative Scenario (USD Billion)
Table 12.49 Smart Grid Infrastructure Market in UAE, 2018-2030: Base Scenario (USD Billion)
Table 12.50 Smart Grid Infrastructure Market in UAE, 2018-2030: Optimistic Scenario (USD Billion)
Table 12.51 Smart Grid Projects in North America: Distribution by Project Type
Table 12.52 Smart Grid Projects in North America: Distribution of Project Type by Cost of Project (USD Million)
Table 12.53 Smart Grid Projects in Europe: Distribution by Project Type
Table 12.54 Smart Grid Projects in Europe: Distribution by Starting Year
Table 12.55 Smart Grid Projects in Rest of the World: Distribution by Project Type
Table 12.56 Smart Grid Projects in Rest of the World: Distribution of Project Type by Cost of project (USD Million)
Executive Summary
Research Methodology
The data presented in this report has been gathered via secondary and primary research. For all our projects, we conduct interviews with experts in the area (academia, industry and other associations) to solicit their opinions on emerging trends in the market. This is primarily useful for us to draw out our own opinion on how the market will evolve across different regions and technology segments. Where possible, the available data has been checked for accuracy from multiple sources of information.
The secondary sources of information include:
- Annual reports
- Investor presentations
- SEC filings
- Industry databases
- News releases from company websites
- Government policy documents
- Industry analysts’ views
While the focus has been on forecasting the market till 2030, the report also provides our independent view on various non-commercial trends emerging in the industry. This opinion is solely based on our knowledge, research and understanding of the relevant market gathered from various secondary and primary sources of information.
Chapter Outlines
- Chapter 2 is an executive summary of the insights captured in our research. The summary offers a high-level view on the likely evolution of the smart grids infrastructure market in the long term.
- Chapter 3 is an introductory chapter that highlights the technological evolution of traditional electricity grid components and the associated challenges. In addition, the chapter emphasizes on the need to shift towards smart grids and provides details on the key smart grid equipment/modules/components/systems.
- Chapter 4 presents a case study on the regulatory standards and norms defined by various geographies for smart grid deployment, and elucidates the key policies designed by governments and regulatory institutions in these geographies. It lists the standards designed by several regulatory authorities, including (in alphabetical order) the Australian Department of Resources, Energy and Tourism, European Committee for Standardization (CEN), European Committee for Electrotechnical Standardization (CENELEC), International Electrotechnical Commission (IEC), India Smart Grid Forum (ISGF), India Smart Grid Task Force (ISGTF), International Organization for Standardization (ISO), International Telecommunication Union (ITU), Japan Smart Community Alliance (JSCA), National Institute of Standards and Technology (NIST) and State Grid Corporation of China (SGCC), for their respective geographies.
- Chapter 5 includes information on around 170 key stakeholders that offer smart grid-based equipment/modules/components/systems for electric utilities across the world. The information is presented on the basis of type of transmission and distribution equipment offered, type of substation automation modules/components offered, and type of supported communication systems offered. In addition, we have provided information on the geographical location, year of establishment and employee size of the companies.
- Chapter 6 features detailed profiles of some of the leading stakeholders that offer smart grid equipment/modules/components/systems to electric utilities. Each profile includes an overview of the company, details on their smart grid offerings and the recent developments that have taken place with respect to electrical networks/grids.
- Chapter 7 presents a benchmark analysis of all the players engaged in this domain. It highlights the capabilities of these companies in terms of their expertise across smart grid equipment/modules/components/systems offered to the electric utilities. The analysis allows companies to compare their existing capabilities within and beyond their peer groups and identify opportunities to become more competitive in the industry.
- Chapter 8 presents a market attractiveness analysis of likely major markets across the globe. It highlights key parameters such as total geographical area, quality of workforce, ease-of-trade, smart grid policy initiation, capital support, total power consumption in the region, renewable energy usage plans, likely cost of implementation/deploying new technologies, regulatory standards, availability of cybersecurity solutions, and overall benefits and awareness, that are likely to determine the future growth opportunities across several regions, such as (the US, the EU, China, Japan, South Korea, Australia, Canada, Russia, Singapore, India and UAE)
- Chapter 9 presents a comprehensive market forecast, highlighting the future potential of the market till 2030. The forecast, which provides estimates on the market opportunity across the key regions (the US, the EU, China, Japan, South Korea, Australia, Canada, Russia, Singapore, India and UAE) is backed by robust secondary research, as well as inputs from senior stakeholders in the industry. The analysis also highlights the relative growth opportunity across different smart grid equipment types (transmission & distribution, substation automation and communication network). To account for the uncertainties associated with the adoption of these technologies, we have provided optimistic and conservative forecast scenarios, in addition to the base forecast scenario.
- Chapter 10 presents a case study on various smart grid infrastructure projects/initiatives by the governments/local authorities across North America, Europe, Japan, Australia, China, South Korea and India. It includes information (wherever available) on the type of project, location, estimated cost involved, and the project starting year/completion year.
- Chapter 11 summarizes the overall report. In this chapter, we have provided a list of key takeaways from the report, and expressed our independent opinion related to the research and analysis described in the previous chapters.
- Chapter 12 is a collection of executive insights collated from existing stakeholders in this market. The chapter provides interview transcripts of the discussions that were held with Emmanuel Albert (CEO, Trispectra Innovation), Fulvio Ferrari (Founding Partner, Wemworld) and Jenny Erwin (Business Development Manager, Smart Wires).
- Chapter 13 is an appendix, which provides tabulated data and numbers for all the figures provided in the report.
- Chapter 14 is an appendix, which provides the list of companies and organizations mentioned in the report.
Companies Mentioned
- 50Hertz Transmission
- ABB
- Aclara Technologies
- ADD Grup
- Administración Nacional de Electricidad
- alfanar
- Alfen
- Amantys
- Amphenol AUXEL
- Apex CoVantage
- Applied Systems Engineering
- Applied Technical Systems Company (ATS)
- Aqua Metric
- Arcadia Power
- ARELIS
- Arteche
- aSAY Energy
- ASCO Power Technologies
- Atmel
- Ayecka
- Azienda Elettrica di Massagno (AEM)
- B&R
- Belden
- Bentley Systems
- Bitlismen
- Bivocom
- BPL Global
- Caruna
- Celestica
- CenterPoint Energy
- Centrais Elétricas de Sergipe (CELSE)
- CG Power and Industrial Solutions
- China Electric Power Research Institute (CEPRI)
- Chroma ATE
- Chromalloy Gas Turbine Corporation
- CIMCON Lighting
- CIRCUTOR
- Cisco
- Clare Controls
- Claroty
- Clean Line Energy
- Clem
- ComSite Construction
- Comverge
- Con Edison
- COPA-DATA
- Counties Power
- Cyber Sciences
- DAIHEN
- Data Communications Company (DCC)
- Delta Electronics
- Department of Resources, Energy and Tourism, Australia
- DEPsys
- Device Gateway
- DG Capitel
- Diehl Metering
- Dominican Republic Transmission Utility (ETED)
- DONG Energy
- Dresser-Rand
- dVentus Technologies
- Dynamic Energy Networks (DEN)
- Dynex Semiconductor
- EA Technology
- Eaton
- EC Continuum
- ECI
- EDF Energy
- Edison Power Group
- EDMI
- EDP
- Efacec Power Solutions
- Egyptian Electricity Transmission Company (EETC)
- Electrical Training ALLIANCE
- Électricité Réseau Distribution France (ERDF)
- Electricity Generating Authority of Thailand (EGAT)
- Electropar
- Elgama Elektronika
- Eltel Networks
- EMH Metering
- Enbala Power Networks
- Encore Networks
- Energias de Portugal (EDP)
- Energinet
- Energomera
- Energy Care
- ENGIE Services
- En-Technologies
- Entergy
- EQOS Energie Österreich
- European Committee for Electrotechnical Standardization
- European Committee for Standardization
- European Southern Observatory (ESO)
- European Telecommunications Standards Institute (ETSI)
- Evolution Energie
- Faith Technologies
- Firecomms
- Fluor
- Fuji Electric
- Fujitsu
- Fundamentals
- G&W Electric
- GDE Electric
- General Electric (GE)
- General Electricity Company of Libya (GECOL)
- Genus Power Infrastructures
- GlaxoSmithKline (GSK)
- GLOBAL-365 PLC
- Great River Energy
- GRID20/20
- GridSense
- Guam Power Authority
- Heartland Solutions
- Helberg Electrical Supply
- Hewlett Packard Enterprise
- Hexing Electrical
- HEYI Electrical
- Hirose Electric
- Hirschmann
- Hitachi
- Honeywell
- HPL Electric and Power
- Huawei
- Hughes Power System
- Iberdrola
- iGrid T&D
- India Smart Grid Forum
- Infrax Systems
- Intelligent Power and Energy Research Corporation (IPERC)
- IntelliSAW
- Iskraemeco
- Itron
- Janz
- Japan Smart Community Alliance (JSCA)
- Japanese Industrial Standards Committee (JISC)
- Jiangsu Linyang Energy
- Kahramaa
- Kalkitech
- Kamstrup
- KEYMILE
- Korea Electric Power Corporation
- L&L Holding
- L&T Power
- Lafarge
- Landis+Gyr
- lemants
- LightRiver Technologies
- Lindsey Manufacturing Company
- LS Industrial Systems
- Lucy Group
- MAGUS ENERGO
- Marvell
- Maschinenfabrik Reinhausen
- Mass Group Holding
- MasTec
- Matrix AMM - Smart Energy Metering System
- Metrycom
- MHPS Boilers
- Micatu
- Microsoft
- Ministry of Electricity, Iraq
- MIRAIT Technologies
- Mitsubishi Electric
- Mitsubishi Hitachi Power Systems
- MNC Automation
- MNPP ANTRAKS
- Mobix
- Moxa
- MTR Wireless Communications
- Murata Manufacturing
- National Instruments
- Netcontrol
- Networked Energy Services
- Nexans
- Nexgrid
- Nighthawk
- Nissin Electric
- NKT
- NOJA Power
- Nokia
- North Bay Hydro
- NR Electric
- NuLEDs
- NV Energy
- NXP Semiconductors
- Omniwatt
- Open Systems International
- Orange and Rockland Utilities
- Origin Electric
- OSAKI Group
- OTN Systems
- Pacific Gas and Electric Company
- PAS Global
- Pearlstone Energy
- Perusahaan Listrik Negara (PLN)
- Phoenix Contact
- Polskie Sieci Elektroenergetyczne
- Power Grid Corporation of India
- PowerCom
- Powerex
- Powerhive
- Powerline Technologies
- Powin Energy
- PRECISE
- PRIME Alliance
- Prospective Line Technologies
- Protrol
- Prysmian Group
- PTI Holdings
- Qatar Rail
- Renewable Choice Energy
- RF Arrays
- S&C Electric
- Saudi Electricity Company (SEC)
- Schneider Electric
- Schweitzer Engineering Laboratories
- Seattle City Light
- SEC Grid Automation Technologies
- Secure Meters
- Sensus
- Sentient Energy
- SEWW Energy
- Shenzhen ZXTX Technology
- Shijiazhuang Kelin Electric
- Siemens
- Sienco Energy Partners
- SIETEC Solutionz
- SIG Inside
- Silver Spring Networks
- Sinewatts
- Singapore Power
- Smart Energy Instruments
- Smart Grid Networks
- Smart Wires
- SMRTGrid
- SNC-Lavalin
- Société Dauphinoise de Construction Electro-Mécanique (SDCEM)
- SoftWatts
- SOGO
- SouthernLINC Wireless
- SP PowerGrid
- Stark
- State Grid Corporation of China
- Statnett
- SUBNET Solutions
- Sumeru Verde Technologies
- Sumitomo Electric Industries
- SystemCORP Embedded Technology
- TAKAOKA TOKO
- Tantalus Systems
- Tenable
- Tenaga Nasional Berhad
- TenneT
- Texas Instruments
- The Barbados Light & Power
- The Holley Group
- Tokyo Electric Power Company
- Tollgrade Communications
- Torino Power Solutions
- Toshiba
- Trakya Elektrik Dagitim
- TransnetBW
- Trilliant Networks
- Trispectra Innovation
- Trustpower
- UK Power Networks
- Unipower
- US Department of Energy
- Valsena
- Vertiv
- VitzroSys
- Vizimax
- Wasion Group
- WEL Networks
- Wemworld
- Xiamen Four-Faith Communication Technology
- Yantai Dongfang Wisdom Electric
- ZIV
- ZTE
Methodology
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