Global Smart Grid Market Forecast 2021-2028

Global Smart Grid Market Forecast 2021-2028

The global smart grid market is estimated to project a CAGR of 9.83% during the forecast period, 2021-2028. The rising investment in smart grid projects, rapid digitization of electricity infrastructure, stable installation costs, government regulations & policies, shifting trend to renewable energy use, and need for efficient energy use, drive the market growth.

A smart grid is an electrical grid that includes varied operations and energy measures like advanced metering infrastructure. There is a growing dependence on electronic devices, along with the constant electricity needs in the commercial sector, and households, propelling smart grid technology demand. This is because it delivers electricity as per their requirements. Factories, cities, offices, and households need an efficient and reliable power source that can minimize the frequency and duration of blackouts, thereby completely eliminating power disturbances. The smart grid entails technologies that improve fault detection, enabling automatic network self-healing. Moreover, the smart grid's integrated information and communication system allows utilities to consolidate data, and enhance system reliability. However, standardization challenges and security concerns are hindering the market growth.

The growth evaluation of the global smart grid market includes the analysis of the Asia-Pacific, Europe, North America, and rest of world. North America is estimated to dominate the global market by 2028. The increasing investment, the aging transmission & distribution systems, and the presence of major market players, are contributing to the region's market prospects.

The emerging new startups offer a vast range of innovative solutions, which cater to diverse industry requirements. This intensifies the competitive rivalry. Honeywell International, Amdocs Corporation, ABB Ltd, Autogrid Systems Inc, General Electric Company, etc., are among the key players in the market.
Our report offerings include:
• Explore key findings of the overall market
• Strategic breakdown of market dynamics (Drivers, Restraints, Opportunities, Challenges)
• Market forecasts for a minimum of 9 years, along with 3 years of historical data for all segments, sub-segments, and regions
• Market Segmentation cater to a thorough assessment of key segments with their market estimations
• Geographical Analysis: Assessments of the mentioned regions and country-level segments with their market share
• Key analytics: Porter's Five Forces Analysis, Vendor Landscape, Opportunity Matrix, Key Buying Criteria, etc.
• Competitive landscape is the theoretical explanation of the key companies based on factors, market share, etc.
• Company profiling: A detailed company overview, product/services offered, SCOT analysis, and recent strategic developments

1. Research Scope & Methodology
1.1. Study Objectives
1.2. Scope Of Study
1.3. Methodology
1.4. Assumptions & Limitations
2. Executive Summary
2.1. Market Size & Estimates
2.2. Market Overview
3. Market Dynamics
3.1. Market Scope
3.2. Key Drivers
3.2.1. Need For Efficient Use Of Energy
3.2.2. Rapid Digitization Of Electricity Infrastructure
3.2.3. Shifting Trend Towards Renewable Energy Use
3.2.4. Government Regulations & Policies
3.2.5. Stability In Installation Costs
3.2.6. Investment In Smart Grid Projects
3.3. Key Restraints
3.3.1. Challenges In Terms Of Interoperability & Standardization
3.3.2. Security Concerns
4. Key Analytics
4.1. Impact Of Covid-19 On Smart Grid Market
4.2. Key Investment Insights
4.3. Porter's Five Forces Analysis
4.3.1. Buyers Power
4.3.2. Suppliers Power
4.3.3. Substitution
4.3.4. New Entrants
4.3.5. Industry Rivalry
4.4. Opportunity Matrix
4.5. Vendor Landscape
5. Market By End-user
5.1. Commercial End-user
5.2. Industrial End-user
5.3. Residential End-user
6. Market By Application
6.1. Transmission
6.2. Distribution
6.3. Consumption/End-use
6.4. Generation
7. Market By Component
7.1. Solution
7.1.1. Substation Automation
7.1.2. Smart Grid Distribution Management
7.1.3. Advanced Metering Infrastructure
7.1.4. Smart Grid Network Management
7.1.5. Smart Grid Security
7.1.6. Smart Grid Communication
7.1.7. Other Solutions
7.2. Services
8. Geographical Analysis
8.1. North America
8.1.1. Market Size & Estimates
8.1.2. Key Growth Enablers
8.1.3. Key Challenges
8.1.4. Key Players
8.1.5. Country Analysis United States Canada
8.2. Europe
8.2.1. Market Size & Estimates
8.2.2. Key Growth Enablers
8.2.3. Key Challenges
8.2.4. Key Players
8.2.5. Country Analysis United Kingdom Germany France Italy Russia Belgium Poland Rest Of Europe
8.3. Asia-pacific
8.3.1. Market Size & Estimates
8.3.2. Key Growth Enablers
8.3.3. Key Challenges
8.3.4. Key Players
8.3.5. Country Analysis China Japan India South Korea Indonesia Thailand Singapore Australia & New Zealand Rest Of Asia-pacific
8.4. Rest Of World
8.4.1. Market Size & Estimates
8.4.2. Key Growth Enablers
8.4.3. Key Challenges
8.4.4. Key Players
8.4.5. Regional Analysis Latin America Middle East & Africa
9. Competitive Landscape
9.1. Key Strategic Developments
9.1.1. Mergers & Acquisitions
9.1.2. Product Launches & Developments
9.1.3. Partnerships & Agreements
9.1.4. Business Expansions & Divestitures
9.2. Company Profiles
9.2.1. Abb Ltd
9.2.2. Amdocs Corporation
9.2.3. Autogrid Systems Inc
9.2.4. Cisco Systems Inc
9.2.5. General Electric Company
9.2.6. Honeywell International
9.2.7. International Business Machines Corporation
9.2.8. Itron Inc
9.2.9. Landis & Gyr Group Ag
9.2.10. Oracle Corporation
9.2.11. Schneider Electric Se
9.2.12. Sensus Inc
9.2.13. Siemens Ag
9.2.14. Tantalus System Corp
9.2.15. Wipro Limited

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