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Smart Grid Equipment in the US 2015-2019

Smart Grid Equipment in the US 2015-2019

About smart grid equipment

A smart grid is a type of electrical grid that uses computer-based automation technology to integrate communication and information, available in digital or analog format, to facilitate and improve power production and distribution process. Smart grids are used to monitor and control power flows from the point of generation to consumption, thereby enhancing predictability, visibility, and efficient management of the production and demand. The technology brings flexibility to the whole system. It facilitates the integration of intermittent energy generation from renewable sources, and in peak load management, which helps in cost effectivity. Following are some of the equipment required for the transformation of traditional electrical grids into smart grids:

  • Hardware and software technologies
  • Smart meters
  • Sensors
  • Communication and wireless network infrastructure
  • Smart T&D equipment
Technavio's analysts forecast the smart grid equipment market in the US to grow at a CAGR of 4.05% over the period 2014-2019.

Covered in this report

The report covers the present scenario and the growth prospects of smart grid equipment market in the US for the period 2015-2019. The market is segmented on the basis of equipment type: software and hardware, smart meters, sensors, communication and wireless network infrastructure, and smart T&D equipment.

Technavio's report, Smart Grid Equipment Market in US 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The report includes a discussion of the key vendors operating in this market.Key vendors
  • ABB
  • GE Digital Energy
  • Landis+Gyr
  • Schneider Electric
  • Siemens Energy
Other prominent vendors
  • Aclara
  • Arbiter Systems
  • Echelon
  • Elster
  • eMeter
  • IBM
  • Itron
  • OPOWER
  • SEL
  • Sensus Metering Systems
  • Silver Spring Networks
Key market driver
  • Aging power grid infrastructure
  • For a full, detailed list, view our report
Key market challenge
  • High susceptibility of smart grids to cyber attacks
  • For a full, detailed list, view our report
Key market trend
  • Increased investments and supportive policies
  • For a full, detailed list, view our report
Key Questions Answered in this Report
  • What will the market size be in 2019 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?
  • What are the market opportunities and threats faced by the key vendors?
  • What are the strengths and weaknesses of the key vendors?


Press Release

Technavio Announces the Publication of its Research Report – Smart Grid Equipment Market in the US 2015-2019

Technavio recognizes the following companies as the key players in the Smart Grid Equipment Market in the US: ABB, GE, Landis Gyr, Schneider and Siemens

Commenting on the report, an analyst from Technavio’s team said: “The majority of power utilities are in the process of achieving an end-to-end solution to better manage their energy distribution and utilization. Many power utilities have started adopting smart grid technologies such as smart energy meters to achieve the overall goal of creating a smart grid system to track the overall electricity use in detail. This provides an end-to-end solution as it monitors and controls energy production, transmission, and consumption. ”

According to the report, many power grids in the US are reaching the end of their life cycle and are facing infrastructure-related challenges in their day-to-day operations. Most power grids in the US are more than 100 years old and were designed to carry much smaller loads than it does today. With the growing population and rapid technological advances in the consumer electronics industry, the rate of power consumption has increased considerably. Therefore, power grids need to be upgraded. This upgrade is facilitated by the adoption and incorporation of various smart grid technologies into the power grid, fueling the market growth.

Further, the report states that the lack of standards also hinders future innovation and realization of applications such as smart appliances that are responsive to demand and price response signals.

Companies Mentioned

ABB, GE, Landis Gyr, Schneider, Siemens

  • Executive summary
    • Highlights
  • Scope of the report
    • Market overview
    • Top vendor offerings
      • Table Product offerings
  • Market research methodology
    • Research methodology
    • Economic indicators
  • Introduction
    • Key market highlights
  • Market landscape
    • Market overview
    • Technological overview
      • Table SCADA functionalities
      • Table Advantages of smart meters
      • Table Advantages of using smart sensors
      • Table Data rate and communications range for smart grid communication hierarchy
    • Market size and forecast
      • Table Smart grid equipment market in US 2014-2019 ($ billions)
    • Some prominent smart grid projects in the US
    • Five forces analysis
      • Table Five forces analysis
  • Market segmentation by application
    • Smart grid equipment market in US 2014-2019
      • Table Smart grid equipment market in US 2014-2019
      • Table Smart grid equipment market in US 2019
      • Table Smart grid equipment market in US 2014-2019
    • Smart grid equipment market in US by communication and wireless network infrastructure
      • Table Smart grid equipment market in US by communication and wireless network infrastructure 2014-2019 ($ billions)
    • Smart grid equipment market in US by smart T&D equipment
      • Table Smart grid equipment market in US by smart T&D equipment 2014-2019 ($ billions)
    • Smart grid equipment market in US by software and hardware technologies
      • Table Smart grid equipment market in US by software and hardware technologies 2014-2019 ($ billions)
    • Smart grid equipment market in US by smart sensors and devices
      • Table Smart grid equipment market in US by smart sensors and devices 2014-2019 ($ billions)
      • Table Applications of smart sensors
    • Smart grid equipment market in US by smart meters
      • Table Smart grid equipment market in US by smart meters 2014-2019 ($ billions)
      • Table Smart meters deployment in US 2009-2014 (millions)
      • Table Top five states in US in terms of smart meter deployment as of 2014
  • Market drivers
    • Table Annual sales of EVs in US 2014-2019
  • Impact of drivers
    • Table Impact of drivers
  • Market challenges
  • Impact of drivers and challenges
    • Table Impact of drivers and challenges
  • Market trends
  • Vendor landscape
    • Competitive scenario
    • Other prominent vendors
  • Key vendor analysis
    • ABB
      • Table Business segmentation by revenue 2014
      • Table Business segmentation by revenue 2013 and 2014 ($ billions)
      • Table Geographical segmentation by revenue 2014
    • GE Digital Energy
      • Table Business segmentation
    • Landis+Gyr
      • Table Geographical segmentation by revenue 2014
    • Schneider Electric
      • Table Business Segmentation 2014 by revenue
      • Table Business segmentation by revenue 2013 and 2014 ($ billions)
      • Table Geographical segmentation by revenue 2014
    • Siemens Energy
      • Table Business segmentation 2014 by revenue
  • Appendix
    • List of abbreviation
  • Explore Technavio

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