Global Smart Grid Communications Market 2020-2024

Global Smart Grid Communications Market 2020-2024

Technavio has been monitoring the smart grid communications market and it is poised to grow by $ 1.65 bn during 2020-2024 progressing at a CAGR of 11% during the forecast period. Our reports on smart grid communications market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current global market scenario, latest trends and drivers, and the overall market environment. The market is driven by the rise in installation of smart energy meters, increasing government initiatives and benefits of smart grids over conventional power grids. In addition, rise in installation of smart energy meters is anticipated to boost the growth of the market as well.

The smart grid communications market analysis includes solution segment and geographical landscapes

Technavio's smart grid communications market is segmented as below:

By Solution

  • WAN
  • FAN
  • HAN
By Geographical Landscapes
  • APAC
  • North America
  • Europe
  • South America
  • MEA
This study identifies integration of renewable energy sources into smart grids as one of the prime reasons driving the smart grid communications market growth during the next few years. Also, advent of 5G communication technology and increasing number of smart grid projects will lead to sizable demand in the market.

"Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters. Our smart grid communications market covers the following areas:
  • Smart grid communications market sizing
  • Smart grid communications market forecast
  • Smart grid communications market industry analysis"
Technavio's robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading smart grid communications market vendors that include ABB Ltd., Cisco Systems Inc., Eaton Corporation Plc, Fujitsu Ltd., General Electric Co., Honeywell International Inc., Siemens AG, S&C Electric Co., Schneider Electric SE, and Xylem Inc.. Also, the smart grid communications market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage on all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. Technavio's market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast an accurate market growth.


  • Executive Summary
  • Market Landscape
    • Market ecosystem
      • Table Parent market
      • Table Market characteristics
    • Value chain analysis
      • Table Value chain: Communications equipment
      • Input:
      • Inbound logistics
      • Operations:
      • Outbound logistics
      • Marketing and sales
      • Service
  • Market Sizing
    • Market definition
      • Table Offerings of vendors included in the market definition
    • Market segment analysis
      • Table Market segments
    • Market size 2019
    • Market outlook: Forecast for 2019 - 2024
      • Table Global - Market size and forecast 2019 - 2024 ($ million)
      • Table Global smart grid communications market 2019-2024 ($ million), exclusive of COVID-19 impact
      • Table Global market: Year-over-year growth 2019 - 2024 (%)
  • Five Forces Analysis
    • Five Forces Summary
      • Table Five forces analysis 2019 & 2024
    • 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 2019
  • Market Segmentation by Solution
    • Market segments
      • Table Solution - Market share 2019-2024 (%)
    • Comparison by Solution
      • Table Comparison by Solution
    • WAN - Market size and forecast 2019-2024
      • Table WAN - Market size and forecast 2019-2024 ($ million)
      • Table WAN market 2019-2024 ($ million), exclusive of COVID-19 impact
      • Table WAN - Year-over-year growth 2019-2024 (%)
    • FAN - Market size and forecast 2019-2024
      • Table FAN - Market size and forecast 2019-2024 ($ million)
      • Table FAN market 2019-2024 ($ million), exclusive of COVID-19 impact
      • Table FAN - Year-over-year growth 2019-2024 (%)
    • HAN - Market size and forecast 2019-2024
      • Table HAN - Market size and forecast 2019-2024 ($ million)
      • Table HAN market 2019-2024 ($ million), exclusive of COVID-19 impact
      • Table HAN - Year-over-year growth 2019-2024 (%)
    • Market opportunity by Solution
      • Table Market opportunity by Solution
  • Customer landscape
    • Table Customer landscape
  • Geographic Landscape
    • Geographic segmentation
      • Table Market share by geography 2019-2024 (%)
    • Geographic comparison
      • Table Geographic comparison
    • APAC - Market size and forecast 2019-2024
      • Table APAC - Market size and forecast 2019-2024 ($ million)
      • Table Smart grid communications market in APAC 2019-2024 ($ million), exclusive of
      • Table APAC - Year-over-year growth 2019-2024 (%)
    • North America - Market size and forecast 2019-2024
      • Table North America - Market size and forecast 2019-2024 ($ million)
      • Table Smart grid communications market in North America 2019-2024 ($ million), exclusive of COVID-19 impact
      • Table North America - Year-over-year growth 2019-2024 (%)
    • Europe - Market size and forecast 2019-2024
      • Table Europe - Market size and forecast 2019-2024 ($ million)
      • Table Smart grid communications market in Europe 2019-2024 ($ million), exclusive of COVID-19 impact
      • Table Europe - Year-over-year growth 2019-2024 (%)
    • South America - Market size and forecast 2019-2024
      • Table South America - Market size and forecast 2019-2024 ($ million)
      • Table Smart grid communications market in South America 2019-2024 ($ million), exclusive of COVID-19 impact
      • Table South America - Year-over-year growth 2019-2024 (%)
    • MEA - Market size and forecast 2019-2024
      • Table MEA - Market size and forecast 2019-2024 ($ million)
      • Table Smart grid communications market in MEA 2019-2024 ($ million), exclusive of COVID-19 impact
      • Table MEA - Year-over-year growth 2019-2024 (%)
    • Key leading countries
      • Table Key leading countries
    • Market opportunity by geography
      • Table Market opportunity by geography ($ million)
  • Drivers, Challenges, and Trends
    • Volume drivers - Demand led growth
      • Benefits of smart grids over conventional power grids
        • Table Comparison of smart grids with traditional grids
      • Increasing government initiatives
      • Rise in installation of smart energy meters
    • Market challenges
      • High installation costs
      • Threat of cyber attacks
      • Limitations of communication technologies
        • Table Impact of drivers and challenges
    • Market trends
      • Advent of 5G communication technology
      • Integration of renewable energy sources into smart grids
      • Increasing number of smart grid projects
  • Vendor Landscape
    • Overview
    • Vendor landscape
      • Table Vendor landscape
    • Landscape disruption
      • Table Landscape disruption
      • Table Industry risks
  • Vendor Analysis
    • Vendors covered
      • Table Vendors covered
    • Market positioning of vendors
      • Table Market positioning of vendors
    • ABB Ltd.
      • Table ABB Ltd. - Overview
      • Table ABB Ltd. - Business segments
      • Table ABB Ltd. - Key offerings
      • Table ABB Ltd. - Segment focus
    • Cisco Systems Inc.
      • Table Cisco Systems Inc. - Overview
      • Table Cisco Systems Inc. - Business segments
      • Table Cisco Systems Inc. - Key news
      • Table Cisco Systems Inc. - Key offerings
      • Table Cisco Systems Inc. - Segment focus
    • Eaton Corporation Plc
      • Table Eaton Corporation Plc - Overview
      • Table Eaton Corporation Plc - Business segments
      • Table Eaton Corporation Plc - Key offerings
      • Table Eaton Corporation Plc - Segment focus
    • Fujitsu Ltd.
      • Table Fujitsu Ltd. - Overview
      • Table Fujitsu Ltd. - Business segments
      • Table Fujitsu Ltd. - Key offerings
      • Table Fujitsu Ltd. - Segment focus
    • General Electric Co.
      • Table General Electric Co. - Overview
      • Table General Electric Co. - Business segments
      • Table General Electric Co. - Key news
      • Table General Electric Co. - Key offerings
      • Table General Electric Co. - Segment focus
    • Honeywell International Inc.
      • Table Honeywell International Inc. - Overview
      • Table Honeywell International Inc. - Business segments
      • Table Honeywell International Inc. - Key news
      • Table Honeywell International Inc. - Key offerings
      • Table Honeywell International Inc. - Segment focus
    • Siemens AG
      • Table Siemens AG - Overview
      • Table Siemens AG - Business segments
      • Table Siemens AG - Key news
      • Table Siemens AG - Key offerings
      • Table Siemens AG - Segment focus
    • S&C Electric Co.
      • Table S&C Electric Co. - Overview
      • Table S&C Electric Co. - Product and service
      • Table S&C Electric Co. - Key offerings
    • Schneider Electric SE
      • Table Schneider Electric SE - Overview
      • Table Schneider Electric SE - Business segments
      • Table Schneider Electric SE - Key offerings
      • Table Schneider Electric SE - Segment focus
    • Xylem Inc.
      • Table Xylem Inc. - Overview
      • Table Xylem Inc. - Business segments
      • Table Xylem Inc. - Key offerings
      • Table Xylem Inc. - Segment focus
  • Appendix
    • Scope of the report
      • Market definition
      • Objectives
      • Notes and caveats
    • Currency conversion rates for US$
      • Table Currency conversion rates for US$
    • Research methodology
      • Table Research Methodology
      • Table Validation techniques employed for market sizing
      • Table Information sources
    • List of abbreviations
      • Table List of abbreviations

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