
Smart Grid Market Size, Share, and Analysis, By Component (Software, Hardware, Services), By Technology (Wireless, Wired), By Solution (Smart Grid Security, Smart Grid Communications, Smart Grid Distribution Management, Smart Grid Network Management, Adva
Description
Smart Grid Market Size, Share, and Analysis, By Component (Software, Hardware, Services), By Technology (Wireless, Wired), By Solution (Smart Grid Security, Smart Grid Communications, Smart Grid Distribution Management, Smart Grid Network Management, Advanced Metering Infrastructure, Substation Automation, Others), By Application (Generation, Distribution, Transmission, Consumption/End Use), By End User (Residential, Commercial, Industrial) and Regional Forecasts, 2022-2032
Smart Grid Market Size, Share, and Analysis, By Component (Software, Hardware, Services), By Technology (Wireless, Wired), By Solution (Smart Grid Security, Smart Grid Communications, Smart Grid Distribution Management, Smart Grid Network Management, Advanced Metering Infrastructure, Substation Automation, Others), By Application (Generation, Distribution, Transmission, Consumption/End Use), By End User (Residential, Commercial, Industrial) and Regional Forecasts, 2022-2032
PRODUCT OVERVIEW
Smart Grid Market size was USD 33.18 billion in 2021 and projected to grow from USD 46.5 billion in 2023 to USD 216.6 billion by 2032, exhibiting a CAGR of 18.6% during the forecast period.
Smart Grids are usually referred as sensible electrical network which consists of a smart data communication technology and an electrical network. Smart grid was initiated to control the defects of conventional electrical grids through utilizing smart meters. It is capable of conveying electricity from multiple sources like solar energy systems, wind turbines to the user. A smart grid is an electricity network utilizing automated technology for giving electricity to consumers by two-part data communication. This system permits observing, examination, control, and communication within the supply chain to aid in improving the effectiveness and boost the transparency of the energy supply chain.
MARKET HIGHLIGHTS
Smart Grid Market is expected to reach USD 216.6 billion, growing at a CAGR of 18.6% during forecast period owing to the growing issues related to the protection of environment and increasing usage of smart grid technology for enhancing effectiveness in energy preservation and utilization which are boosting the growth of the market. Favourable government strategies & regulations to utilize smart meters and growing investments in digital electricity infrastructure are also anticipated to drive the demand for the growth of the market.
Smart Grid Market Segments:
- Component
- Software
- Hardware
- Services
- Technology
- Wireless
- Wired
- Solution
- Smart Grid Security
- Smart Grid Communications
- Smart Grid Distribution Management
- Smart Grid Network Management
- Advanced Metering Infrastructure
- Substation Automation
- Others
- Application
- Generation
- Distribution
- Transmission
- Consumption/End Use
- End User
- Residential
- Commercial
- Industrial
Growth Drivers
Enhanced Grid Reliability is Expected to Boost the Growth of the Market
Supportive Governments Regulations are Expected to Boost the Market Growth
Restraint
High Implementation Costs May Restrain the Growth of the Market
Key Players
- ABB
- Schneider Electric
- Oracle
- Cisco
- Trilliant Holdings
- GE
- Siemens
- Itron
- Aclara
- IBM
- OSI
- Wipro
- Honeywell
- Eaton
- S&C
- Globema
- Other Prominent Players (Company Overview, Business Strategy, Key Product Offerings, Financial Performance, Key Performance Indicators, Risk Analysis, Recent Development, Regional Presence, SWOT Analysis)
- North America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAG.R – United States and Canada
- Latin America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – Mexico, Argentina, Brazil and Rest of Latin America
- Europe Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – United Kingdom, France, Germany, Italy, Spain, Belgium, Hungary, Luxembourg, Netherlands, Poland, NORDIC, Russia, Turkey and Rest of Europe
- Asia Pacific Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – India, China, South Korea, Japan, Malaysia, Indonesia, New Zealand, Australia and Rest of APAC
- Middle East and Africa Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – North Africa, Israel, GCC, South Africa and Rest of MENA
- Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors
- Provision of market value (USD Billion) data for each segment and sub-segment
- Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market
- Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region
- Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled
- Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players
- The current as well as the future market outlook of the industry with respect to recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions
- Includes in-depth analysis of the market of various perspectives through Porter’s five forces analysis
- Provides insight into the market through Value Chain
- Market dynamics scenario, along with growth opportunities of the market in the years to come
- 3-month post-sales analyst support.
Table of Contents
362 Pages
- 1. Executive Summary
- 1.1.Regional Market Share
- 1.2. Business Trends
- 1.3. Smart Grid Market: COVID-19 Outbreak
- 1.4.Regional Trends
- 1.5. Segmentation Snapshot
- 2. Research Methodology
- 2.1. Research Objective
- 2.2.Research Approach
- 2.3.Data Sourcing and Methodology
- 2.4. Primary Research
- 2.5. Secondary Research
- 2.5.1.Paid Sources
- 2.5.2. Public Sources
- 2.6.Market Size Estimation and Data Triangulation
- 3. Market Characteristics
- 3.1. Market Definition
- 3.2.Smart Grid Market: COVID-19 Impact
- 3.3.Key Segmentations
- 3.4. Key Developments
- 3.5. Allied Industry Data
- 4. Smart Grid Market – Industry Insights
- 4.1.Industry Segmentation
- 4.2. COVID-19 overview on world economy
- 4.3. Industry ecosystem Channel analysis
- 4.4. Innovation & Sustainability
- 5. Macroeconomic Indicators
- 6. Recent Developments
- 7.Market Dynamics
- 7.1. Introduction
- 7.2.Growth Drivers
- 7.3.Market Opportunities
- 7.4. Market Restraints
- 7.5.Market Trends
- 8. Risk Analysis
- 9. Market Analysis
- 9.1. Porters Five Forces
- 9.2.PEST Analysis
- 9.2.1. Political
- 9.2.2.Economic
- 9.2.3.Social
- 9.2.4.Technological
- 10. Smart Grid Market
- 10.1.Overview
- 10.2. Historical Analysis (2016-2021)
- 10.2.1. Market Size, Y-o-Y Growth (%) and Market Forecast
- 11.Smart Grid Market Size & Forecast 2022A-2032F
- 11.1.Overview
- 11.2. Key Findings
- 11.3. Market Segmentation
- 11.3.1.By Component
- 11.3.1.1. Software
- 11.3.1.1.1. By Value (USD Million) 2022-2032F
- 11.3.1.1.2.Market Share (%) 2022-2032F
- 11.3.1.1.3.Y-o-Y Growth (%) 2022-2032F
- 11.3.1.2.Hardware
- 11.3.1.2.1.By Value (USD Million) 2022-2032F
- 11.3.1.2.2. Market Share (%) 2022-2032F
- 11.3.1.2.3. Y-o-Y Growth (%) 2022-2032F
- 11.3.1.3.Services
- 11.3.1.3.1.By Value (USD Million) 2022-2032F
- 11.3.1.3.2. Market Share (%) 2022-2032F
- 11.3.1.3.3. Y-o-Y Growth (%) 2022-2032F
- 11.3.2. By Technology
- 11.3.2.1.Wireless
- 11.3.2.1.1.By Value (USD Million) 2022-2032F
- 11.3.2.1.2. Market Share (%) 2022-2032F
- 11.3.2.1.3. Y-o-Y Growth (%) 2022-2032F
- 11.3.2.2. Wired
- 11.3.2.2.1. By Value (USD Million) 2022-2032F
- 11.3.2.2.2.Market Share (%) 2022-2032F
- 11.3.2.2.3.Y-o-Y Growth (%) 2022-2032F
- 11.3.3. By Solution
- 11.3.3.1.Smart Grid Security
- 11.3.3.1.1.By Value (USD Million) 2022-2032F
- 11.3.3.1.2. Market Share (%) 2022-2032F
- 11.3.3.1.3. Y-o-Y Growth (%) 2022-2032F
- 11.3.3.2. Smart Grid Communications
- 11.3.3.2.1. By Value (USD Million) 2022-2032F
- 11.3.3.2.2.Market Share (%) 2022-2032F
- 11.3.3.2.3.Y-o-Y Growth (%) 2022-2032F
- 11.3.3.3. Smart Grid Distribution Management
- 11.3.3.3.1. By Value (USD Million) 2022-2032F
- 11.3.3.3.2.Market Share (%) 2022-2032F
- 11.3.3.3.3.Y-o-Y Growth (%) 2022-2032F
- 11.3.3.4. Smart Grid Network Management
- 11.3.3.4.1. By Value (USD Million) 2022-2032F
- 11.3.3.4.2. Market Share (%) 2022-2032F
- 11.3.3.4.3. Y-o-Y Growth (%) 2022-2032F
- 11.3.3.5. Advanced Metering Infrastructure
- 11.3.3.5.1. By Value (USD Million) 2022-2032F
- 11.3.3.5.2.Market Share (%) 2022-2032F
- 11.3.3.5.3.Y-o-Y Growth (%) 2022-2032F
- 11.3.3.6. Substation Automation
- 11.3.3.6.1. By Value (USD Million) 2022-2032F
- 11.3.3.6.2.Market Share (%) 2022-2032F
- 11.3.3.6.3.Y-o-Y Growth (%) 2022-2032F
- 11.3.3.7. Others
- 11.3.3.7.1. By Value (USD Million) 2022-2032F
- 11.3.3.7.2.Market Share (%) 2022-2032F
- 11.3.3.7.3.Y-o-Y Growth (%) 2022-2032F
- 11.3.4. By Application
- 11.3.4.1.Generation
- 11.3.4.1.1.By Value (USD Million) 2022-2032F
- 11.3.4.1.2. Market Share (%) 2022-2032F
- 11.3.4.1.3. Y-o-Y Growth (%) 2022-2032F
- 11.3.4.2. Distribution
- 11.3.4.2.1. By Value (USD Million) 2022-2032F
- 11.3.4.2.2.Market Share (%) 2022-2032F
- 11.3.4.2.3. Y-o-Y Growth (%) 2022-2032F
- 11.3.4.3. Transmission
- 11.3.4.3.1. By Value (USD Million) 2022-2032F
- 11.3.4.3.2. Market Share (%) 2022-2032F
- 11.3.4.3.3. Y-o-Y Growth (%) 2022-2032F
- 11.3.4.4. Consumption/End Use
- 11.3.4.4.1.By Value (USD Million) 2022-2032F
- 11.3.4.4.2. Market Share (%) 2022-2032F
- 11.3.4.4.3. Y-o-Y Growth (%) 2022-2032F
- 11.3.5. By End User
- 11.3.5.1.Residential
- 11.3.5.1.1.By Value (USD Million) 2022-2032F
- 11.3.5.1.2. Market Share (%) 2022-2032F
- 11.3.5.1.3. Y-o-Y Growth (%) 2022-2032F
- 11.3.5.2. Commercial
- 11.3.5.2.1. By Value (USD Million) 2022-2032F
- 11.3.5.2.2.Market Share (%) 2022-2032F
- 11.3.5.2.3.Y-o-Y Growth (%) 2022-2032F
- 11.3.5.3. Industrial
- 11.3.5.3.1. By Value (USD Million) 2022-2032F
- 11.3.5.3.2.Market Share (%) 2022-2032F
- 11.3.5.3.3.Y-o-Y Growth (%) 2022-2032F
- 12. North America Smart Grid Market Size & Forecast 2022A-2032F
- 12.1. Overview
- 12.2. Key Findings
- 12.3. Market Segmentation
- 12.3.1. By Component
- 12.3.2.By Technology
- 12.3.3.By Solution
- 12.3.4.By Application
- 12.3.5.By End User
- 12.4. Country
- 12.4.1.United States
- 12.4.2. Canada
- 13. Europe Smart Grid Market Size & Forecast 2022A-2032F
- 13.1. Overview
- 13.2. Key Findings
- 13.3. Market Segmentation
- 13.3.1. By Component
- 13.3.2.By Technology
- 13.3.3.By Solution
- 13.3.4.By Application
- 13.3.5.By End User
- 13.4. Country
- 13.4.1.Germany
- 13.4.2. United Kingdom
- 13.4.3. France
- 13.4.4. Italy
- 13.4.5. Spain
- 13.4.6. Russia
- 13.4.7. Rest of Europe (BENELUX, NORDIC, Hungary, Turkey & Poland)
- 14. Asia Smart Grid Market Size & Forecast 2022A-2032F
- 14.1.Overview
- 14.2. Key Findings
- 14.3. Market Segmentation
- 14.3.1. By Component
- 14.3.2.By Technology
- 14.3.3.By Solution
- 14.3.4. By Application
- 14.3.5.By End User
- 14.4. Country
- 14.4.1.India
- 14.4.2. China
- 14.4.3. South Korea
- 14.4.4. Japan
- 14.4.5. Rest of APAC
- 15. Middle East and Africa Smart Grid Market Size & Forecast 2022A-2032F
- 15.1.Overview
- 15.2. Key Findings
- 15.3. Market Segmentation
- 15.3.1. By Component
- 15.3.2.By Technology
- 15.3.3.By Solution
- 15.3.4.By Application
- 15.3.5.By End User
- 15.4. Country
- 15.4.1.Israel
- 15.4.2. GCC
- 15.4.3. North Africa
- 15.4.4. South Africa
- 15.4.5. Rest of Middle East and Africa
- 16. Latin America Smart Grid Market Size & Forecast 2022A-2032F
- 16.1. Overview
- 16.2. Key Findings
- 16.3. Market Segmentation
- 16.3.1. By Component
- 16.3.2.By Technology
- 16.3.3.By Solution
- 16.3.4.By Application
- 16.3.5.By End User
- 16.4. Country
- 16.4.1. Mexico
- 16.4.2. Brazil
- 16.4.3. Rest of Latin America
- 17. Competitive Landscape
- 17.1. Company market share, 2021
- 17.2.Key player overview
- 17.3. Key stakeholders
- 18. Company Profiles
- 18.1.ABB
- 18.1.1.Company Overview
- 18.1.2.Financial Overview
- 18.1.3.Key Product; Analysis
- 18.1.4.Company Assessment
- 18.1.4.1.Product Portfolio
- 18.1.4.2. Key Clients
- 18.1.4.3. Market Share
- 18.1.4.4. Recent News & Development (Last 3 Yrs.)
- 18.1.4.5. Executive Team
- 18.2. Schneider Electric
- 18.3. Oracle
- 18.4.Cisco
- 18.5. Trilliant Holdings
- 18.6. GE
- 18.7. Siemens
- 18.8.Itron
- 18.9. Aclara
- 18.10.IBM
- 18.11.OSI
- 18.12.Wipro
- 18.13.Honeywell
- 18.14.Eaton
- 18.15.S&C
- 18.16. Globema
- 18.17. Other Prominent Players
- 19. Appendix
- 20.Consultant Recommendation
Pricing
Currency Rates
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