North America Smart Grid Market Forecast 2021-2028

North America Smart Grid Market Forecast 2021-2028

The North America smart grid market is expected to progress with a CAGR of 9.30%, over the forecast period of 2021 to 2028. The increasing investments and spending on smart grids and smart metering systems, the aging transmission and distribution systems, and the augmenting presence of leading market players, are projected to fuel the region’s market growth.

The North America smart grid market growth is analyzed through the assessment of Canada and the United States. Canada has been witnessing the large-scale incorporation of smart electricity meters, following the government mandate introduced with the chief motive of minimizing peak-time loads. In addition to smart meters, different peak and non-peak time rates were also added, thereby allowing real-time billing.
Canada is an active member of numerous International Energy Agency Technology’s collaboration programs, especially within the end-users and renewable sectors. This includes the International Smart Grids Actions Network, as well. The country’s researchers also partner on R&D tasks, in order to enhance the deployment of energy-efficient and renewable energy across power systems.
In 2019, Canada’s government announced a $5 million investment for building Hydro Ottawa, for Phase 2 of a community housing complex’s smart grid project. It is anticipated to provide users with the freedom to establish microgrids, thereby enabling them to generate their own power. Hence, these factors are expected to augment the smart grid market growth in Canada, during the forecast period.

Key companies operating in the market are, Cisco Systems Inc, Itron Inc, General Electric Company, Honeywell International, etc.
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
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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