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Global Smart Grid Communications Market 2019-2023

Global Smart Grid Communications Market 2019-2023

About this market

The increasing government initiatives will drive the smart grid communications market growth in the forthcoming years. Increasing government initiatives will further increase the deployment of smart grid technologies. Several countries have been viewing smart grid technology as a strategic infrastructural investment to aid the achievement of long-term economic prosperity and carbon emission reduction targets. Such initiatives will further boost the smart grid communications market growth during the forecast period. Technavio’s analysts have predicted that the smart grid communications market will register a CAGR of nearly 12% by 2023.

Market Overview

The rise in the installation of smart energy meters

One of the growth drivers of the global smart grid communications market is the rise in the installation of smart energy meters. The increased development of smart metering mechanisms is expected to propel the growth of the smart grid communications market during the forecast period.

High installation costs

One of the challenges in the growth of the global smart grid communications market is the high installation costs. The high costs associated with the implementation of advanced smart grid technologies and networking solutions will hinder the growth of the market during the forecast period.

For the detailed list of factors that will drive and challenge the growth of the smart grid communications market during 2019-2023, view our report.

Competitive Landscape

The market appears to be moderately fragmented and with the presence of several market players. This market research report will help clients identify new growth opportunities and design unique growth strategies by providing a comprehensive analysis of the market’s competitive landscape and offering information on the products offered by companies.


  • Executive summary
  • Scope of the report
    • Preface
    • Currency conversion rates for US$
  • Market landscape
    • Market ecosystem
      • Table Global industrial automation and communication market
      • Table Segments of global industrial automation and communication market
    • Market characteristics
      • Table Market characteristics
    • Market segmentation analysis
      • Table Market segments
  • Market sizing
    • Market definition
      • Table Market definition - Inclusions and exclusions checklist
    • Market sizing 2018
      • Table Market size 2018
    • Market size and forecast 2018-2023
      • Table Global market: Size and forecast 2018-2023 ($ millions)
      • Table Global market: Year-over-year growth 2019-2023 (%)
  • Five forces analysis
    • Table Five forces analysis 2018
    • Table Five forces analysis 2023
    • Bargaining power of buyers
      • Table Bargaining power of buyers
    • Bargaining power of suppliers
      • Table Bargaining power of suppliers
    • Threat of new entrants
      • Table Threat of new entrants
    • Threat of substitutes
      • Table Threat of substitutes
    • Threat of rivalry
      • Table Threat of rivalry
    • Market condition
      • Table Market condition - Five forces 2018
  • Market segmentation by solution
    • Table Solution - Market share 2018-2023 (%)
    • Comparison by solution
      • Table Comparison by solution
    • WAN - Market size and forecast 2018-2023
      • Table WAN - Market size and forecast 2018-2023 ($ millions)
      • Table WAN - Year-over-year growth 2019-2023 (%)
    • FAN - Market size and forecast 2018-2023
      • Table FAN - Market size and forecast 2018-2023 ($ millions)
      • Table FAN - Year-over-year growth 2019-2023 (%)
    • HAN - Market size and forecast 2018-2023
      • Table HAN - Market size and forecast 2018-2023 ($ millions)
      • Table HAN - Year-over-year growth 2019-2023 (%)
    • Market opportunity by solution
      • Table Market opportunity by solution
  • Customer landscape
    • Table Customer landscape
  • Geographic landscape
    • Geographic segmentation
      • Table Market share by geography 2018-2023 (%)
    • Geographic comparison
      • Table Geographic comparison
    • APAC - Market size and forecast 2018-2023
      • Table APAC - Market size and forecast 2018-2023 ($ millions)
      • Table APAC - Year-over-year growth 2019-2023 (%)
    • North America - Market size and forecast 2018-2023
      • Table North America - Market size and forecast 2018-2023 ($ millions)
      • Table North America - Year-over-year growth 2019-2023 (%)
    • Europe - Market size and forecast 2018-2023
      • Table Europe - Market size and forecast 2018-2023 ($ millions)
      • Table Europe - Year-over-year growth 2019-2023 (%)
    • South America - Market size and forecast 2018-2023
      • Table South America - Market size and forecast 2018-2023 ($ millions)
      • Table South America - Year-over-year growth 2019-2023 (%)
    • MEA - Market size and forecast 2018-2023
      • Table MEA - Market size and forecast 2018-2023 ($ millions)
      • Table MEA - Year-over-year growth 2019-2023 (%)
    • Key leading countries
      • Table Key leading countries
    • Market opportunity
      • Table Market opportunity
  • Decision framework
  • Drivers and challenges
    • Market drivers
      • Table Comparison of smart grids with traditional grids
    • Market challenges
      • Table Impact of drivers and challenges
  • Market trends
    • Advent of 5G communication technology
      • Table Key features of 5G technology
    • Integration of renewable energy sources into smart grids
      • Table Renewable capacity growth by country/region (GW)
    • Increasing number of smart grid projects
  • Vendor landscape
    • Overview
      • Table Vendor landscape
    • Landscape disruption
      • Table Landscape disruption
    • Competitive scenario
  • Vendor analysis
    • Vendors covered
      • Table Vendors covered
    • Vendor classification
      • Table Vendor classification
    • Market positioning of vendors
      • Table Market positioning of vendors
    • ABB
      • Table ABB - Vendor overview
      • Table ABB - Business segments
      • Table ABB - Organizational developments
      • Table ABB - Geographic focus
      • Table ABB - Segment focus
      • Table ABB - Key offerings
    • Cisco Systems, Inc.
      • Table Cisco Systems, Inc. - Vendor overview
      • Table Cisco Systems, Inc. - Business segments
      • Table Cisco Systems, Inc. - Organizational developments
      • Table Cisco Systems, Inc. - Geographic focus
      • Table Cisco Systems, Inc. - Segment focus
      • Table Cisco Systems, Inc. - Key offerings
    • Honeywell International Inc.
      • Table Honeywell International Inc. - Vendor overview
      • Table Honeywell International Inc. - Business segments
      • Table Honeywell International Inc. - Organizational developments
      • Table Honeywell International Inc. - Geographic focus
      • Table Honeywell International Inc. - Segment focus
      • Table Honeywell International Inc. - Key offerings
    • Schneider Electric
      • Table Schneider Electric - Vendor overview
      • Table Schneider Electric - Business segments
      • Table Schneider Electric - Organizational developments
      • Table Schneider Electric - Geographic focus
      • Table Schneider Electric - Segment focus
      • Table Schneider Electric - Key offerings
    • Siemens
      • Table Siemens - Vendor overview
      • Table Siemens - Business segments
      • Table Siemens - Organizational developments
      • Table Siemens - Geographic focus
      • Table Siemens - Segment focus
      • Table Siemens - Key offerings
  • Appendix
    • Research methodology
      • Table Validation techniques employed for market sizing
    • List of abbreviations
  • Explore Technavio

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