Smart Grid Market by Component (Solutions and Services), Application (Generation, Transmission, Distribution, and Consumption/End Use), Solutions (Advanced Metering Infrastructure (AMI), Smart Grid Distribution Management, Smart Grid Communications, Smart Grid Network Management, Substation Automation, Smart Grid Security, and Others): Global Opportunity Analysis And Industry Forecast, 2021–2027

ID: VPR/ICT/256 Publishing Year: February 2021 Pages: 108 Format:   


Global Smart Grid market was valued at $ XX billion in 2019, and is expected to reach $ XX billion by 2027, registering a CAGR of XX% from 2021 to 2027.

Smart Grid is a smart electrical network that comprises an electrical network and smart digital communication technology. Smart Grid is an electrical grid. It includes variety of operation and energy measures. It is capable of delivering electricity to the user from multiple and widely distributed sources such as wind turbines, solar power systems, and even plug-in hybrid electric vehicles. The Smart Grid uses computer technology to improve the communication, automation, and connectivity of the various components of the power network. Smart Grid is a concept for transforming the electric power grid by using advanced automatic control and communications techniques and other forms of information technology

The Smart Grid Market drivers like the rise in concerns regarding environment protection and growth in the adoption of smart grid technology to boost efficiency in energy conservation and consumption are fueling the expansion of the market. The growing distress associated with environment safety and, increasing supportive government regulations & policies to implement smart meters is among the key factors boosting the demand for a Smart Grid. However, lack of rising in privacy & security, standardization and incorporates numerous advanced technologies to deal with issues prevailing with conventional electric networks are expected to hinder the Smart Grid Market Growth. Furthermore, an increase in the number of electric vehicles on the road and increasing smart city projects in developing regions in upcoming years is expected to provide lucrative opportunities for market growth in the coming years.

Segment Insight:

Based on components, the market is segmented into solutions and services. On the idea of application, it's classified into generation, transmission, distribution, and consumption/end-use. By solutions, the market is assessed into advanced metering infrastructure (AMI), smart grid distribution management, smart grid communications, smart grid network management, substation automation, smart grid security, and others.

By Component Insight:

Based on component, the market is segmented into solutions and services.

By Application Insight:

Based on the applying, it's classified into generation, transmission, distribution, and consumption/end-use. Smart Grid Technologies are automated and enable two-way communications, giving power generators the flexibility to watch variety of plants and implement control strategies in an exceedingly fraction of a second. Transmission is commonly taken as a right, but it's one amongst the pillars of advanced, industrialized economies. Distribution intelligence" refers to the a part of the Smart Grid that applies to the utility distribution system, that is, the wires, switches, and transformers that connect the utility substation to you, the purchasers. Consumption includes a building's energy usage and its associated technology, to supply a more complete picture of the ability grid of the longer term.

By Solution Insight:

By solutions, the market is classified into advanced metering infrastructure (AMI), Smart Grid Distribution Management, Smart Grid Communications, Smart Grid Network Management, substation automation, Smart Grid Security, and others.

Advanced metering infrastructure (AMI) is an integrated system of smart meters, communications networks that permits two-way communication between customers.

Smart Grid Distribution Management System for optimized electricity bills. It can optimize the distribution of renewable energy while decreasing electricity bills for consumers.

In Smart Grid, energy management is considered a core part to enhance renewable energy consumption and energy efficiency.

Smart Grid Network Management System which is scalable and customizable. It can manage a sensible meter infrastructure and therefore the other smart devices within the utility network, alongside the network that connects them, whether wireless or wired.

Major Key Players Of Smart Grid Market:

Cisco Systems, Inc, General Electric, Honeywell International Inc, International Business Machines Corporation (IBM), Itron Inc., Oracle, Schneider Electric, Siemens, Tech Mahindra Limited, Wipro Limited. Most of the key players in electric vehicle market are focusing on business expansion to gain a higher revenue share through the adoption of strategies, such as mergers and acquisitions and new product development.

Smart Grid Market Key Segments:

By Component

  • Solutions
  • Services

By Application

  • Generation
  • Transmission
  • Distribution
  • Consumption/End Use

By Solutions

  • Advanced Metering Infrastructure (AMI)
  • Smart Grid Distribution Management
  • Smart Grid Communications
  • Smart Grid Network Management
  • Substation Automation
  • Smart Grid Security
  • Others

By Region

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • Germany
    • UK
    • France
    • Italy
    • Spain
    • Rest of Europe
  • Asia-Pacific
    • Japan
    • China
    • India
    • Australia
    • Rest of Asia-Pacific
  • LAMEA
    • Brazil
    • Argentina
    • Turkey
    • South Africa
    • Rest of LAMEA


Frequently Asked Questions
Cisco Systems, Inc, General Electric, Honeywell International Inc, International Business Machines Corporation (IBM), Itron Inc., Oracle, Schneider Electric, Siemens, Tech Mahindra Limited, Wipro Limited are the Major Key Players in Smart Grid Market.
Solutions and Advanced Metering Infrastructure (AMI) are the Leading Type Segment in the in the Smart Grid Market.
The rise in concerns regarding environment protection and growth in the adoption of smart Grid Technology the Major Factors Driving the Smart Grid Market.

TABLE OF CONTENTS:

CHAPTER 1 MARKET INTRODUCTION

1.1. REPORT OVERVIEW

1.2. SCOPE OF THE STUDY

1.3. PRIMARY MARKET SEGMENTS

1.4. RESEARCH METHODOLOGY

CHAPTER 2 EXECUTIVE SUMMARY

2.1. C-LEVEL EXECUTIVE’S OVERVIEW AND PERSPECTIVES

CHAPTER 3 MARKET OVERVIEW

3.1. MARKET DEFINITION AND SCOPE

3.2. PRINCIPAL FINDINGS

3.2.1. Key investment pockets

3.2.2. Leading winning strategies

  3.2.3 Key Player Positioning

3.3. PORTERS FIVE FORCES OF COMPETITIVE ANALYSIS

 3.4. MARKET DYNAMICS

3.4.1. Drivers

3.4.2. Restraints

3.4.3. Opportunities

3.4.4. Impact Analysis

3.5. IMPACT OF COVID-19 ON THIS MARKET

CHAPTER 4 SMART GRID MARKET , BY COMPONENT

4.1. SOLUTION

4.1.1. Market size and forecast

4.2. SERVICES

4.2.1. Key market trends

4.2.2. Growth factors and opportunities

4.2.3. Market size and forecast

CHAPTER 5 SMART GRID MARKET, BY APPLICATION

5.1. GENERATION

5.1.1. Market size and forecast

5.2. TRANSMISSION

5.2.1. Key market trends

5.2.2. Growth factors and opportunities

5.2.3. Market size and forecast

5.3. DISTRUBUTION

5.3.1. Key market trends

5.3.2. Growth factors and opportunities

5.3.3. Market size and forecast

5.4. CONSUMPTION

5.4.1. Key market trends

5.4.2. Growth factors and opportunities

5.4.3. Market size and forecast

CHAPTER 6 SMART GRID MARKET, BY SOLUTION

  • 6.1. ADVANCED METERING INFRASTRUCTURE (AMI)

6.1.1. Market size and forecast

  • 6.2. SMART GRID DISTRIBUTION MANAGEMENT

6.2.1. Key market trends

6.2.2. Growth factors and opportunities

6.2.3. Market size and forecast

  • 6.3. SMART GRID COMMUNICATIONS

6.3.1. Key market trends

6.3.2. Growth factors and opportunities

6.3.3. Market size and forecast

  • 6.4. SMART GRID NETWORK MANAGEMENT

6.4.1. Key market trends

6.4.2. Growth factors and opportunities

6.4.3. Market size and forecast

  • 6.5. SUBSTATION AUTOMATION

6.5.1. Key market trends

6.5.2. Growth factors and opportunities

6.5.3. Market size and forecast

  • 6.6. SMART GRID SECURITY

6.6.1. Key market trends

6.6.2. Growth factors and opportunities

6.6.3. Market size and forecast

CHAPTER 7 SMART GRID MARKET, BY REGION

7.1 SYNOPSIS

7.2 North America

7.2.1 Key market trends

7.2.2 Competitive scenario

7.2.3 Key growth factors and opportunities

7.2.4 Market size and forecast

7.3 Europe

7.3.1 Key market trends

7.3.2 Competitive scenario

7.3.3 Key growth factors and opportunities

7.3.4 Market size and forecast

7.4 Asia Pacific

7.4.1 Key market trends

7.4.2 Competitive scenario

7.4.3 Key growth factors and opportunities

7.4.4 Market size and forecast

7.5 LAMEA

7.5.1 Key market trends

7.5.2 Key growth factors and opportunities

7.5.3 Market size and forecast

CHAPTER 8 COMPANY PROFILES

  8.1. CISCO SYSTEMS, INC.

8.1.1. Company overview

8.1.2. Company snapshot

8.1.3. Product portfolio

8.1.4. Business performance

8.1.5. Key strategic moves and developments

8.2. GENERAL ELECTRIC.

8.2.1. Company overview

8.2.2. Company snapshot

8.2.3. Operating business segments

8.2.4. Product portfolio

8.2.5. Business performance

8.2.6. Key strategic moves and developments

8.3. HONEYWELL INTERNATIONAL INC.

8.3.1. Company overview

8.3.2. Company snapshot

8.3.3. Operating business segments

8.3.4. Product portfolio

8.3.5. Business performance

8.3.6. Key strategic moves and developments

8.4. INTERNATIONAL BUSINESS MACHINES CORPORATION (IBM).

8.4.1. Company overview

8.4.2. Company snapshot

8.4.3. Operating business segments

8.4.4. Product portfolio

8.4.5. Business performance

8.4.6. Key strategic moves and developments

8.5. ITRON INC.

8.5.1. Company overview

8.5.2. Company snapshot

8.5.3. Operating business segments

8.5.4. Product portfolio

8.5.5. Business performance

8.5.6. Key strategic moves and developments

8.6. ORACLE, SCHNEIDER ELECTRIC.

8.6.1. Company overview

8.6.2. Company Snapshot

8.6.3. Operating business segments

8.6.4. Product portfolio

8.6.5. Business performance

8.6.6. Key strategic moves and developments

8.7. SIEMENS.

8.7.1. Company overview

8.7.2. Company snapshot

8.7.3. Operating business segments

8.7.4. Product portfolio

8.7.5. Business performance

8.7.6. Key strategic moves and developments

8.8. TECH MAHINDRA LIMITED.

8.8.1. Company overview

8.8.2. Company snapshot

8.8.3. Operating business segments

8.8.4. Product portfolio

8.8.5. Business performance

8.8.6. Key strategic moves and developments

8.9. WIPRO LIMITED.

8.9.1. Company overview

8.9.2. Company snapshot

8.9.3. Operating business segments

8.9.4. Product portfolio

8.9.5. Business performance

8.9.6. Key strategic moves and developments


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