Smart Grid Market By Business Type (Solution, Service), By Technology (Wired, Wireless), By End User (Residential, Corporate, Government), Competition Forecast & Opportunities, 2027

  • Industry : ICT
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  • Published Date : NA
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Summary

Report Description

The Global smart grid market is projected to grow at a CAGR of more than 10% over the period, 2023-2027. Increasing investment on infrastructure in various countries, economic growth, technology advancement and support of local competence and distribution centres across the globe is contributing towards the growth of the market during the forecast period. Government across the globe are focussing on implementation of smart grids and spreading awareness about energy conservation which is positively influencing the growth of the market. However, there are few challenges which act as a barrier in the growth of the market for global smart grid. One of them is the problem of low accessibility to electricity in underdeveloped nations.

 

The global smart grid market is segmented based on type and geography. Based on geography, Asia-pacific dominated the market in 2021 as it has maximum deployment of smart meters on account of regulatory conditions and standardized policies. China is moving towards substantial reserves for smart meters implementation. The residential sector emerged as the most dominated market in case of smart meters. It helps the domestic customers to utilize significant features such as demand response, direct load control and reduction of peak purchases.

 

Some of the major players operating in the Global Smart Grid market are Tendril, Schneider Electric, OnPowder, Silver Springs Networks, S&C, Itron, Siemens, Cisco, IBM, ABB.

Objective of the Study:

·         To analyze and forecast market size of the global Smart Grid market, in terms of value.

·         To define, classify and forecast the global smart grid market on the basis of business type and regional distribution.

·         To scrutinize the detailed market segmentation and forecast the market size, in terms of value, on the basis of region by segmenting global smart grid market into five regions, namely, North America, South America, Europe, Asia Pacific and MEA.

·         To identify tailwinds and headwinds for the global smart grid market.

·         To examine competitive developments such as expansions, new product launches, supply contracts, and mergers & acquisitions in the global smart grid market.

·         To evaluate competitor pricing, average market selling prices and trends in the global smart grid market.

·         To strategically profile the leading players, which are involved in the supply of smart grid globally.


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TechSci Research performed primary as well as exhaustive secondary research for this study. Initially, TechSci Research sourced a list of smart grid manufacturers and suppliers globally. Subsequently, TechSci Research conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, TechSci Research was able to include manufacturers that could not be identified due to the limitations of secondary research. TechSci Research analysed business type and regional presence of all major smart grid suppliers across the globe.

TechSci Research calculated the market size for the global smart grid market using a bottom-up approach, where manufacturers’ value data for different types of (Solution and Service) Smart Grid was recorded as well as forecast for the future years was made. TechSci Research sourced these values from industry experts and company representatives, and externally validated through analyzing historical sales data of respective manufacturers to arrive at the overall market size. Various secondary sources such as company annual reports, white papers, investor presentations and financial reports were also used by the TechSci Research.

Key Target Audience:

  • Global smart grid manufacturers
  • Global smart grid suppliers 
  • Research organizations and consulting companies
  • Organizations, associations and alliances related to smart grid manufacturing
  • Government bodies such as regulating authorities and policy makers.
  • Industry associations
  • Market research and consulting firms

The study is useful in providing answers to several critical questions that are important for industry stakeholders, such as smart grid manufacturers, distributors, dealers and policy makers, which market segments should be targeted over the coming years (next five years) in order to strategize investments and capitalize on growth of the market.

Attribute

Details

Base Year

2021

Historical Data

2017 – 2020

Estimated Year

2022

Forecast Period

2023 – 2027

Quantitative Units

Revenue in USD Million and CAGR for 2017-2021 and 2022E-2027F

Report coverage

Revenue forecast, company share, competitive landscape, growth factors, and trends

Segments covered

·         Type

·         Technology

·         End User

Regional scope

North America; Europe; Asia Pacific; South America; Middle East & Africa

Country scope

United States, Mexico, Canada, China, India, Japan, South Korea, Australia; Germany, France, United Kingdom, Spain, Italy; South Africa, UAE, Saudi Arabia; Qatar; Brazil, Argentina, Colombia;

Key companies profiled

Tendril, Schneider Electric, OnPowder, Silver Springs Networks, S&C, Itron, Siemens, Cisco, IBM, ABB.

Customization scope

10% free report customization with purchase. Addition or alteration to country, regional & segment scope.

Pricing and purchase options

Avail customized purchase options to meet your exact research needs. Explore purchase options

Delivery Format

PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

Report Scope:

In this report, global smart grid market has been segmented into following categories, in addition to the industry trends which have also been detailed below:

  • Global Smart Grid Market, by Type:
      • Solution
        • Advanced Metering Infrastructure
        • Smart Grid Distribution Management
        • Smart Grid Communication
        • Grid Asset Management
        • Geographic Information System
        • Billing and Customer Information System
      • Service
        • Deployment and Integration
        • Consulting
        • Support and Maintenance
  • Global Smart Grid Market, by Technology:
      • Wired
      • Wireless
  • Global Smart Grid Market, by End User:
      • Residential
      • Corporate
      • Government
  • Global Smart Grid Market, by Geography:
    • North America

§  United States

§  Canada

§  Mexico

§  Rest of North America

    • Europe

§  United Kingdom

§  Germany

§  France

§  Italy

§  Spain

§  Rest of Europe

    • Asia Pacific

§  China

§  Japan

§  South Korea

§  Australia

§  India

§  Rest of APAC

    • South America

§  Brazil

§  Argentina

§  Colombia

§  Rest of South America

    • MEA

§  Saudi Arabia

§  UAE

§  Qatar

§  South Africa

§  Rest of MEA

Competitive Landscape

Competition Benchmarking: Benchmarking of leading 20 players on the basis of product portfolio, market pricing, average selling price sales footprint, etc.

Company Profiles: Detailed analysis of the major companies present in the global smart grid market.

Available Customizations:

With the given market data, TechSci Research offers customizations according to the company’s specific needs. The following customization options are available for the report:

Channel Partner Analysis

  • Detailed list of distributors and dealers across the region.

Company Information

  • Detailed analysis and profiling of additional market players (up to five).

Product Information

  • Detailed analysis of new products in the market and their driving forces in the market.


Table of content

1.       Product Overview

2.       Research Methodology

3.       Impact of COVID-19 on Global Smart Grid Market

4.       Analyst View

5.       Global Smart Grid Market Outlook 

5.1.     Market Size & Forecast

5.1.1.   By Value

5.2.     Market Share & Forecast

5.2.1.  By Business Type (Solution, Service)

5.2.1.1. By Solution (Advanced Metering Infrastructure, Smart Grid Distribution Management, Smart Grid Communication, Grid Asset Management, Geographic Information System, Billing and Customer Information System)

5.2.1.2. By Service (Deployment and Integration, Consulting, Support and Maintenance)

5.2.2.  By Technology (Wired, Wireless)

5.2.3.  By End User (Residential, Corporate, Government)

5.2.4.  By Region (North America, South America, Asia-Pacific, Europe and Middle East & Africa)

5.2.5.   By Company

5.3.     Market Attractiveness Index (By Business Type, By Solution Type, By Service & By Region)

6.       Asia-Pacific Smart Grid Market Outlook

6.1.     Market Size & Forecast

6.1.1.   By Value

6.2.      Market Share & Forecast

6.2.1.  By Business Type (Solution, Service)

6.2.1.1. By Solution (Advanced Metering Infrastructure, Smart Grid Distribution Management, Smart Grid Communication, Grid Asset Management, Geographic Information System, Billing and Customer Information System)

6.2.1.2. By Service (Deployment and Integration, Consulting, Support and Maintenance)

6.2.2.  By Country (China, Japan, India, South Korea, Australia & Rest of Asia Pacific)

6.2.2.1. China Smart Grid Market Outlook

6.2.2.1.1. Market Size & Forecast

6.2.2.1.1.1. By Value

6.2.2.1.2. Market Share & Forecast

6.2.2.1.2.1. By Business Type (Solution, Service)

6.2.2.1.2.1.1. By Solution (Advanced Metering Infrastructure, Smart Grid Distribution Management, Smart Grid Communication, Grid Asset Management, Geographic Information System, Billing and Customer Information System)

6.2.2.1.2.1.2. By Service (Deployment and Integration, Consulting, Support and Maintenance)

6.2.2.2. India Smart Grid Market Outlook

6.2.2.2.1. Market Size & Forecast

6.2.2.2.1.1. By Value

6.2.2.2.2. Market Share & Forecast

6.2.2.2.2.1. By Business Type (Solution, Service)

6.2.2.2.2.1.1. By Solution (Advanced Metering Infrastructure, Smart Grid Distribution Management, Smart Grid Communication, Grid Asset Management, Geographic Information System, Billing and Customer Information System)

6.2.2.2.2.1.2. By Service (Deployment and Integration, Consulting, Support and Maintenance) Pricing Analysis

6.2.2.3. Japan Smart Grid Market Outlook

6.2.2.3.1. Market Size & Forecast

6.2.2.3.1.1. By Value

6.2.2.3.2. Market Share & Forecast

6.2.2.3.2.1. By Business Type (Solution, Service)

6.2.2.3.2.1.1. By Solution (Advanced Metering Infrastructure, Smart Grid Distribution Management, Smart Grid Communication, Grid Asset Management, Geographic Information System, Billing and Customer Information System)

6.2.2.3.2.1.2. By Service (Deployment and Integration, Consulting, Support and Maintenance) 

6.2.2.4. Australia Smart Grid Market Outlook

6.2.2.4.1. Market Size & Forecast

6.2.2.4.1.1. By Value

6.2.2.4.2. Market Share & Forecast

6.2.2.4.2.1. By Business Type (Solution, Service)

6.2.2.4.2.1.1. By Solution (Advanced Metering Infrastructure, Smart Grid Distribution Management, Smart Grid Communication, Grid Asset Management, Geographic Information System, Billing and Customer Information System)

6.2.2.4.2.1.2. By Service (Deployment and Integration, Consulting, Support and Maintenance) 

6.2.2.5. South Korea Smart Grid Market Outlook

6.2.2.5.1. Market Size & Forecast

6.2.2.5.1.1. By Value

6.2.2.5.2. Market Share & Forecast

6.2.2.5.2.1. By Business Type (Solution, Service)

6.2.2.5.2.1.1. By Solution (Advanced Metering Infrastructure, Smart Grid Distribution Management, Smart Grid Communication, Grid Asset Management, Geographic Information System, Billing and Customer Information System)

6.2.2.5.2.1.2. By Service (Deployment and Integration, Consulting, Support and Maintenance) 

7.       North America Smart Grid Market Outlook

7.1.     Market Size & Forecast

7.1.1.   By Value

7.2.      Market Share & Forecast

7.2.1.  By Business Type (Solution, Service)

7.2.1.1. By Solution (Advanced Metering Infrastructure, Smart Grid Distribution Management, Smart Grid Communication, Grid Asset Management, Geographic Information System, Billing and Customer Information System)

7.2.1.2. By Service (Deployment and Integration, Consulting, Support and Maintenance)

7.2.2.  By Country (United States, Canada, Mexico & Rest of North America)

7.2.2.1. United States Smart Grid Market Outlook

7.2.2.1.1. Market Size & Forecast

7.2.2.1.1.1. By Value

7.2.2.1.2. Market Share & Forecast

7.2.2.1.2.1. By Business Type (Solution, Service)

7.2.2.1.2.1.1. By Solution (Advanced Metering Infrastructure, Smart Grid Distribution Management, Smart Grid Communication, Grid Asset Management, Geographic Information System, Billing and Customer Information System)

7.2.2.1.2.1.2. By Service (Deployment and Integration, Consulting, Support and Maintenance) 

7.2.2.2. Canada Smart Grid Market Outlook

7.2.2.2.1. Market Size & Forecast

7.2.2.2.1.1. By Value

7.2.2.2.2. Market Share & Forecast

7.2.2.2.2.1. By Business Type (Solution, Service)

7.2.2.2.2.1.1. By Solution (Advanced Metering Infrastructure, Smart Grid Distribution Management, Smart Grid Communication, Grid Asset Management, Geographic Information System, Billing and Customer Information System)

7.2.2.2.2.1.2. By Service (Deployment and Integration, Consulting, Support and Maintenance) 

7.2.2.3. Mexico Smart Grid Market Outlook

7.2.2.3.1. Market Size & Forecast

7.2.2.3.1.1. By Value

7.2.2.3.2. Market Share & Forecast

7.2.2.3.2.1. By Business Type (Solution, Service)

7.2.2.3.2.1.1. By Solution (Advanced Metering Infrastructure, Smart Grid Distribution Management, Smart Grid Communication, Grid Asset Management, Geographic Information System, Billing and Customer Information System)

7.2.2.3.2.1.2. By Service (Deployment and Integration, Consulting, Support and Maintenance) 

8.       South America Smart Grid Market Outlook

8.1.     Market Size & Forecast

8.1.1.   By Value

8.2.      Market Share & Forecast

8.2.1.  By Business Type (Solution, Service)

8.2.1.1. By Solution (Advanced Metering Infrastructure, Smart Grid Distribution Management, Smart Grid Communication, Grid Asset Management, Geographic Information System, Billing and Customer Information System)

8.2.1.2. By Service (Deployment and Integration, Consulting, Support and Maintenance)

8.2.2.  By Country (Brazil, Argentina, Colombia & Rest of South America)

8.2.2.1. Brazil Smart Grid Market Outlook

8.2.2.1.1. Market Size & Forecast

8.2.2.1.1.1. By Value

8.2.2.1.2. Market Share & Forecast

8.2.2.1.2.1. By Business Type (Solution, Service)

8.2.2.1.2.1.1. By Solution (Advanced Metering Infrastructure, Smart Grid Distribution Management, Smart Grid Communication, Grid Asset Management, Geographic Information System, Billing and Customer Information System)

8.2.2.1.2.1.2. By Service (Deployment and Integration, Consulting, Support and Maintenance) 

8.2.2.2. Argentina Smart Grid Market Outlook

8.2.2.2.1. Market Size & Forecast

8.2.2.2.1.1. By Value

8.2.2.2.2. Market Share & Forecast

8.2.2.2.2.1. By Business Type (Solution, Service)

8.2.2.2.2.1.1. By Solution (Advanced Metering Infrastructure, Smart Grid Distribution Management, Smart Grid Communication, Grid Asset Management, Geographic Information System, Billing and Customer Information System)

8.2.2.2.2.1.2. By Service (Deployment and Integration, Consulting, Support and Maintenance) 

8.2.2.3. Colombia Smart Grid Market Outlook

8.2.2.3.1. Market Size & Forecast

8.2.2.3.1.1. By Value& Value

8.2.2.3.2. Market Share & Forecast

8.2.2.3.2.1. By Business Type (Solution, Service)

8.2.2.3.2.1.1. By Solution (Advanced Metering Infrastructure, Smart Grid Distribution Management, Smart Grid Communication, Grid Asset Management, Geographic Information System, Billing and Customer Information System)

8.2.2.3.2.1.2. By Service (Deployment and Integration, Consulting, Support and Maintenance) 

9.       Europe Smart Grid Market Outlook

9.1.     Market Size & Forecast

9.1.1.   By Value

9.2.      Market Share & Forecast

9.2.1.  By Business Type (Solution, Service)

9.2.1.1. By Solution (Advanced Metering Infrastructure, Smart Grid Distribution Management, Smart Grid Communication, Grid Asset Management, Geographic Information System, Billing and Customer Information System)

9.2.1.2. By Service (Deployment and Integration, Consulting, Support and Maintenance)

9.2.2.  By Country (UK, Germany, France, Italy, Spain & Rest of Europe)

9.2.2.1. Germany Smart Grid Market Outlook

9.2.2.1.1. Market Size & Forecast

9.2.2.1.1.1. By Value

9.2.2.1.2. Market Share & Forecast

9.2.2.1.2.1. By Business Type (Solution, Service)

9.2.2.1.2.1.1. By Solution (Advanced Metering Infrastructure, Smart Grid Distribution Management, Smart Grid Communication, Grid Asset Management, Geographic Information System, Billing and Customer Information System)

9.2.2.1.2.1.2. By Service (Deployment and Integration, Consulting, Support and Maintenance) 

9.2.2.2. France Smart Grid Market Outlook

9.2.2.2.1. Market Size & Forecast

9.2.2.2.1.1. By Value

9.2.2.2.2. Market Share & Forecast

9.2.2.2.2.1. By Business Type (Solution, Service)

9.2.2.2.2.1.1. By Solution (Advanced Metering Infrastructure, Smart Grid Distribution Management, Smart Grid Communication, Grid Asset Management, Geographic Information System, Billing and Customer Information System)

9.2.2.2.2.1.2. By Service (Deployment and Integration, Consulting, Support and Maintenance) 

9.2.2.3. United Kingdom Smart Grid Market Outlook

9.2.2.3.1. Market Size & Forecast

9.2.2.3.1.1. By Value

9.2.2.3.2. Market Share & Forecast

9.2.2.3.2.1. By Business Type (Solution, Service)

9.2.2.3.2.1.1. By Solution (Advanced Metering Infrastructure, Smart Grid Distribution Management, Smart Grid Communication, Grid Asset Management, Geographic Information System, Billing and Customer Information System)

9.2.2.3.2.1.2. By Service (Deployment and Integration, Consulting, Support and Maintenance) 

9.2.2.4. Italy Smart Grid Market Outlook

9.2.2.4.1. Market Size & Forecast

9.2.2.4.1.1. By Value

9.2.2.4.2. Market Share & Forecast

9.2.2.4.2.1. By Business Type (Solution, Service)

9.2.2.4.2.1.1. By Solution (Advanced Metering Infrastructure, Smart Grid Distribution Management, Smart Grid Communication, Grid Asset Management, Geographic Information System, Billing and Customer Information System)

9.2.2.4.2.1.2. By Service (Deployment and Integration, Consulting, Support and Maintenance)

9.2.2.5. Spain Smart Grid Market Outlook

9.2.2.5.1. Market Size & Forecast

9.2.2.5.1.1. By Value

9.2.2.5.2. Market Share & Forecast

9.2.2.5.2.1. By Business Type (Solution, Service)

9.2.2.5.2.1.1. By Solution (Advanced Metering Infrastructure, Smart Grid Distribution Management, Smart Grid Communication, Grid Asset Management, Geographic Information System, Billing and Customer Information System)

9.2.2.5.2.1.2. By Service (Deployment and Integration, Consulting, Support and Maintenance)

10.    MEA Smart Grid Market Outlook

10.1. Market Size & Forecast

10.1.1.       By Value

10.2.  Market Share & Forecast

10.2.1.      By Business Type (Solution, Service)

10.2.1.1.             By Solution (Advanced Metering Infrastructure, Smart Grid Distribution Management, Smart Grid Communication, Grid Asset Management, Geographic Information System, Billing and Customer Information System)

10.2.1.2.             By Service (Deployment and Integration, Consulting, Support and Maintenance)

10.2.2.      By Country (Saudi Arabia, UAE, Qatar, South Africa & Rest of MEA)  

10.2.2.1.             Saudi Arabia Smart Grid Market Outlook

10.2.2.1.1.                    Market Size & Forecast

10.2.2.1.1.1.  By Value

10.2.2.1.2.                    Market Share & Forecast

10.2.2.1.2.1.  By Business Type (Solution, Service)

10.2.2.1.2.1.1.         By Solution (Advanced Metering Infrastructure, Smart Grid Distribution Management, Smart Grid Communication, Grid Asset Management, Geographic Information System, Billing and Customer Information System)

10.2.2.1.2.1.2.         By Service (Deployment and Integration, Consulting, Support and Maintenance)

10.2.2.2.             UAE Smart Grid Market Outlook

10.2.2.2.1.                    Market Size & Forecast

10.2.2.2.1.1.  By Value

10.2.2.2.2.                    Market Share & Forecast

10.2.2.2.2.1.  By Business Type (Solution, Service)

10.2.2.2.2.1.1.         By Solution (Advanced Metering Infrastructure, Smart Grid Distribution Management, Smart Grid Communication, Grid Asset Management, Geographic Information System, Billing and Customer Information System)

10.2.2.2.2.1.2.         By Service (Deployment and Integration, Consulting, Support and Maintenance)

10.2.2.3.             Qatar Smart Grid Market Outlook

10.2.2.3.1.                    Market Size & Forecast

10.2.2.3.1.1.  By Value

10.2.2.3.2.                    Market Share & Forecast

10.2.2.3.2.1.  By Business Type (Solution, Service)

10.2.2.3.2.1.1.         By Solution (Advanced Metering Infrastructure, Smart Grid Distribution Management, Smart Grid Communication, Grid Asset Management, Geographic Information System, Billing and Customer Information System)

10.2.2.3.2.1.2.         By Service (Deployment and Integration, Consulting, Support and Maintenance)

10.2.2.4.             South Africa Smart Grid Market Outlook

10.2.2.4.1.                    Market Size & Forecast

10.2.2.4.1.1.  By Value

10.2.2.4.2.                    Market Share & Forecast

10.2.2.4.2.1.  By Business Type (Solution, Service)

10.2.2.4.2.1.1.         By Solution (Advanced Metering Infrastructure, Smart Grid Distribution Management, Smart Grid Communication, Grid Asset Management, Geographic Information System, Billing and Customer Information System)

10.2.2.4.2.1.2.         By Service (Deployment and Integration, Consulting, Support and Maintenance)

11.    Market Dynamics

11.1.   Drivers/Opportunities

11.2.   Challenges/Pitfalls

12.    Market Trends & Developments

13.    Competitive Landscape

13.1.      Company Profiles (Top 10 Companies)

13.1.1.      Tendril

13.1.2.      Schneider Electric

13.1.3.      OnPowder

13.1.4.      Silver Springs Networks

13.1.5.      S&C

13.1.6.      Itron

13.1.7.      Siemens

13.1.8.      Cisco

13.1.9.      IBM

13.1.10.   ABB

14.    Strategic Recommendations

Figures and Tables

Frequently asked questions

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Increasing electricity prices and supporting government policies are expected to drive the global smart grid market during forecast period.

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The global smart grid market is segmented based on type and geography

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Based on regional analysis, Asia-Pacific market is expected to hold the largest share in global smart grid market during forecast period.

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Some of the major players operating in the global smart grid market are Tendril, Schneider Electric, OnPowder, Silver Springs Networks, S&C, Itron, Siemens, Cisco, IBM, ABB.

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