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Smart Grid Market by Software (AMI, Smart Grid Distribution Management, Smart Grid Communication, Grid Asset Management, Substation Automation, and Billing and Customer Information System), Hardware, Service, and Region - Global Forecast to 2022

Smart Grid Market by Software (AMI, Smart Grid Distribution Management, Smart Grid Communication, Grid Asset Management, Substation Automation, and Billing and Customer Information System), Hardware, Service, and Region - Global Forecast to 2022

Government policies, legislative mandates, and regional government initiatives for smart meter roll-outs are driving the smart grid market
The smart grid market size is estimated to grow from USD 20.83 billion in 2017 to USD 50.65 billion by 2022, at a Compound Annual Growth Rate (CAGR) of 19.4%. The market is driven by factors the availability of hardware and connectivity devices at affordable cost, rising need for real-time information system, government policies and legislative mandates, regional government initiatives for smart meter roll-outs, increasing demand for integration of renewable energy sources, and increasing awareness about carbon footprint management. However, the utility operators face various obstacles while adopting smart grid solutions, such as security concerns, data protection, and lack of a standardized and uniform technology for smart grid.

Smart grid communication software is expected to have the fastest growth rate during the forecast period
The software enables networking abilities in electricity distribution system for improving operations, maintenance, and planning by enabling two-way communication between different components of the utility grid involved in generation, transmission, and distribution. The networking hardware and software work together to form a mesh network, enabling a utility grid with intelligent features such as substation automation, distribution automation, energy management, real-time control, self-healing, and increased reliability and security.

Smart grid sensor is expected to have the fastest growth rate during the forecast period
Smart grid sensors are expected to gain the highest traction in the smart grid market during the forecast period. Smart grid sensors are small, lightweight nodes that serve as a detection station in the network. Smart grid sensors enable the remote monitoring of equipment such as transformers and power lines and the management of energy resources in the smart grid. Smart grid sensors determine, monitor, and measure the voltage supply and return them into a readable format signal. These sensors also detect electric current (AC or DC) in a wire, and generate a signal proportional to it in a digital output. Smart grid sensors offer several advantages to utilities. They provide valuable data for energy transmission, which is maintained and utilized by the departments of utilities.

North America is expected to contribute to the largest market share during the forecast period
North America is expected to hold the largest market share and dominate the smart grid market from 2017 to 2022. The region has been extremely responsive toward adopting the latest technological advancements, such as Advanced Metering Infrastructure (AMI), smart grid distribution management, smart grid communication, and substation automation. The major growth drivers for this region are the large-scale investments in the smart grid and smart cities projects and the need for better smart grids and control mechanisms. The Middle East and Africa (MEA) region is in the initial growth phase; however, it is the fastest-growing region in the global smart grid market. The region has huge reservoirs of conventional and renewable energy sources. High adoption of solutions to minimize outages and revenue losses, along with better smart grid and control, has led to a wider demand of smart grid solutions in the MEA region.
The break-up profiles of primary participants are given below:
• By company: Tier 1: 41%, Tier 2: 35%, and Tier 3: 24%
• By designation: C-level: 73%, Director level: 19%, and Others: 8%
• By region: North America: 42%, Europe: 21%, APAC: 24%, and RoW: 13%

The various key smart grid providers discussed in the report are given below:
1. General Electric Company (New York, US)
2. ABB Ltd. (Zurich, Switzerland)
3. Siemens AG (Munich, Germany)
4. Schneider Electric SA (Rueil-Malmaison, France)
5. Itron, Inc. (Washington, US)
6. Landis+Gyr (Zug, Switzerland)
7. Aclara Technologies LLC (Missouri, US)
8. Cisco Systems, Inc. (California, US)
9. Open Systems International, Inc. (Minnesota, US)
10. IBM Corporation (New York, US)
11. Wipro Ltd. (Karnataka, India)
12. Oracle Corporation (California, US)
13. S&C Electric Company (Illinois, US)
14. Eaton Corporation Plc (Dublin, Ireland)
15. Kamstrup A/S (Skanderborg, Denmark)
16. Trilliant Holdings, Inc. (North Carolina, US)
17. NexGrid, LLC. (Virginia, US)
18. Globema (Warsaw, Poland)
19. Tech Mahindra Ltd. (Maharashtra, India)
20. EnerNOC, Inc. (Massachusetts, US)
21. Fujitsu Ltd. (Tokyo, Japan)
22. Infrax Systems Inc. (Texas, US)
23. Esyasoft Technologies Pvt. Ltd. (Karnataka, India)
24. e-Smart Systems Pvt. Ltd. (Delhi, India)
25. Grid4C (Texas, US)

Research Coverage
The smart grid market has been segmented on the basis of software, hardware, services, and regions. A detailed analysis of the key industry players has been done to provide key insights into their business overviews; products and services; key strategies; new product launches; partnerships, agreements, and collaborations; business expansions; and competitive landscape associated with the smart grid market.

The report will help the market leaders/new entrants in this market in the following ways:
• This report segments the smart grid market comprehensively and provides the closest approximations of the revenue numbers for the overall market and the subsegments across different regions.
• This report helps stakeholders understand the pulse of the market and provides them with information on key market drivers, restraints, challenges, and opportunities.
• This report will help stakeholders to better understand the competitors and gain more insights to enhance their position in the business. The competitive landscape section includes competitor ecosystem, new product developments, partnerships, and mergers and acquisitions.


  • INTRODUCTION
    • OBJECTIVES OF THE STUDY
      • BUSINESS INTELLIGENCE
      • COMPETITIVE INTELLIGENCE
    • MARKET DEFINITION
    • MARKET SCOPE
    • YEARS CONSIDERED FOR THE STUDY
    • CURRENCY
      • Table UNITED STATES DOLLAR EXCHANGE RATE, 2014-2017
    • STAKEHOLDERS
  • RESEARCH METHODOLOGY
    • RESEARCH DATA
      • BREAKDOWN OF PRIMARIES
      • KEY INDUSTRY INSIGHTS
    • MARKET SIZE ESTIMATION
    • MICROQUADRANT METHODOLOGY
    • RESEARCH ASSUMPTIONS AND LIMITATIONS
      • ASSUMPTIONS
      • LIMITATIONS
  • EXECUTIVE SUMMARY
  • PREMIUM INSIGHTS
    • ATTRACTIVE MARKET OPPORTUNITIES IN THE SMART GRID MARKET
    • SMART GRID MARKET, BY TYPE, 2017 AND 2022
    • SMART GRID MARKET, BY SOFTWARE, 2017 AND 2022
    • SMART GRID MARKET, BY HARDWARE, 2017-2022
    • SMART GRID MARKET, BY SERVICE, 2017 AND 2022
    • SMART GRID MARKET, BY REGION, 2017-2022
    • LIFECYCLE ANALYSIS, BY REGION
  • MARKET OVERVIEW AND INDUSTRY TRENDS
    • INTRODUCTION
    • TOP SMART GRID PROJECTS WORLDWIDE
    • STRATEGIC BENCHMARKING
    • MARKET DYNAMICS
      • DRIVERS
      • RESTRAINTS
      • OPPORTUNITIES
      • CHALLENGES
  • SMART GRID MANAGEMENT MARKET ANALYSIS, BY SOFTWARE
    • INTRODUCTION
      • Table SOFTWARE: SMART GRID MARKET SIZE, BY TYPE, 2015-2022 (USD MILLION)
      • Table SOFTWARE: SMART GRID MARKET SIZE, BY REGION, 2015-2022 (USD MILLION)
    • ADVANCED METERING INFRASTRUCTURE
      • Table ADVANCED METERING INFRASTRUCTURE: SMART GRID MARKET SIZE, BY TYPE, 2015-2022 (USD MILLION)
      • Table ADVANCED METERING INFRASTRUCTURE: SMART GRID MARKET SIZE, BY REGION, 2015-2022 (USD MILLION)
      • METER DATA MANAGEMENT
        • Table METER DATA MANAGEMENT: SMART GRID MARKET SIZE, BY REGION, 2015-2022 (USD MILLION
      • ANALYTICS
        • Table ANALYTICS: SMART GRID MARKET SIZE, BY REGION, 2015-2022 (USD MILLION)
      • ADVANCED METERING INFRASTRUCTURE SECURITY
        • Table ADVANCED METERING INFRASTRUCTURE SECURITY: SMART GRID MARKET SIZE, BY REGION, 2015-2022 (USD MILLION)
    • SMART GRID DISTRIBUTION MANAGEMENT
      • Table SMART GRID DISTRIBUTION MANAGEMENT: SMART GRID MARKET SIZE, BY TYPE, 2015-2022 (USD MILLION)
      • Table SMART GRID DISTRIBUTION MANAGEMENT: SMART GRID MARKET SIZE, BY REGION, 2015-2022 (USD MILLION)
      • SUPERVISORY CONTROL AND DATA ACQUISITION
        • Table SUPERVISORY CONTROL AND DATA ACQUISITION: SMART GRID MARKET SIZE, BY REGION, 2015-2022 (USD MILLION)
      • DEMAND RESPONSE AND OUTAGE MANAGEMENT
        • Table DEMAND RESPONSE AND OUTAGE MANAGEMENT: SMART GRID MARKET SIZE, BY REGION, 2015-2022 (USD MILLION)
      • DISTRIBUTED ENERGY RESOURCE MANAGEMENT
        • Table DISTRIBUTED ENERGY RESOURCES MANAGEMENT: SMART GRID MARKET SIZE, BY REGION, 2015-2022 (USD MILLION)
      • ENERGY MANAGEMENT SYSTEM
        • Table ENERGY MANAGEMENT SYSTEM: SMART GRID MARKET SIZE, BY REGION, 2015-2022 (USD MILLION)
    • SMART GRID COMMUNICATION
      • Table SMART GRID COMMUNICATION: SMART GRID MARKET SIZE, BY TYPE, 2015-2022 (USD MILLION)
      • Table SMART GRID COMMUNICATION: SMART GRID MARKET SIZE, BY REGION, 2015-2022 (USD MILLION)
      • NETWORK TRAFFIC MANAGEMENT
        • Table NETWORK TRAFFIC MANAGEMENT: SMART GRID MARKET SIZE, BY REGION, 2015-2022 (USD MILLION)
      • NETWORK DEVICE MANAGEMENT
        • Table NETWORK DEVICE MANAGEMENT: SMART GRID MARKET SIZE, BY REGION, 2015-2022 (USD MILLION)
      • NETWORK CONFIGURATION MANAGEMENT
        • Table NETWORK CONFIGURATION MANAGEMENT: SMART GRID MARKET SIZE, BY REGION, 2015-2022 (USD MILLION)
      • NETWORK SECURITY MANAGEMENT
        • Table NETWORK SECURITY MANAGEMENT: SMART GRID MARKET SIZE, BY REGION, 2015-2022 (USD MILLION)
      • NETWORK PERFORMANCE MONITORING MANAGEMENT
        • Table NETWORK PERFORMANCE MONITORING MANAGEMENT: SMART GRID MARKET SIZE, BY REGION, 2015-2022 (USD MILLION)
    • GRID ASSET MANAGEMENT
      • Table GRID ASSET MANAGEMENT: SMART GRID MARKET SIZE, BY REGION, 2015-2022 (USD MILLION)
    • SUBSTATION AUTOMATION
      • Table SUBSTATION AUTOMATION: SMART GRID MARKET SIZE, BY REGION, 2015-2022 (USD MILLION)
    • BILLING AND CUSTOMER INFORMATION SYSTEM
      • Table BILLING AND CUSTOMER INFORMATION SYSTEM: SMART GRID MARKET SIZE, BY REGION, 2015-2022 (USD MILLION)
  • SMART GRID MARKET ANALYSIS, BY HARDWARE
    • INTRODUCTION
      • Table HARDWARE: SMART GRID MARKET SIZE, BY HARDWARE TYPE, 2015-2022 (USD MILLION)
      • Table HARDWARE: SMART GRID MARKET SIZE, BY REGION, 2015-2022 (USD MILLION)
    • AMI METER
      • Table ADVANCED METERING INFRASTRUCTURE METER: SMART GRID MARKET SIZE, BY REGION, 2015-2022 (USD MILLION)
    • SENSORS
      • Table SENSORS: SMART GRID MARKET SIZE, BY REGION, 2015-2022 (USD MILLION)
    • NETWORKING HARDWARE
      • Table NETWORKING HARDWARE: SMART GRID MARKET SIZE, BY REGION, 2015-2022 (USD MILLION)
    • PROGRAMMABLE LOGIC CONTROLLER
      • Table PROGRAMMABLE LOGIC CONTROLLER: SMART GRID MARKET SIZE, BY REGION, 2015-2022 (USD MILLION)
    • OTHERS
      • Table OTHERS: SMART GRID MARKET SIZE, BY REGION, 2015-2022 (USD MILLION)
  • SMART GRID MANAGEMENT MARKET ANALYSIS, BY SERVICE
    • INTRODUCTION
      • Table SERVICES: SMART GRID MARKET SIZE, BY TYPE, 2015-2022 (USD MILLION)
      • Table SERVICES: SMART GRID MARKET SIZE, BY REGION, 2015-2022 (USD MILLION)
    • CONSULTING
      • Table CONSULTING: SMART GRID MARKET SIZE, BY REGION, 2015-2022 (USD MILLION)
    • DEPLOYMENT AND INTEGRATION
      • Table SYSTEM INTEGRATION AND DEPLOYMENT: SMART GRID MARKET SIZE, BY REGION, 2015-2022 (USD MILLION)
    • SUPPORT AND MAINTENANCE
      • Table SUPPORT AND MAINTENANCE: SMART GRID MARKET SIZE, BY REGION, 2015-2022 (USD MILLION)
  • SMART GRID MANAGEMENT MARKET, GEOGRAPHICAL ANALYSIS
    • INTRODUCTION
      • Table SMART GRID MARKET SIZE, BY REGION 2015-2022 (USD MILLION)
    • NORTH AMERICA
      • Table NORTH AMERICA: SMART GRID MARKET SIZE, BY TYPE, 2015-2022 (USD MILLION)
      • Table NORTH AMERICA: SMART GRID MARKET SIZE, BY SOFTWARE, 2015-2022 (USD MILLION)
      • Table NORTH AMERICA: SMART GRID MARKET SIZE, BY ADVANCED METERING INFRASTRUCTURE, 2015-2022 (USD MILLION)
      • Table NORTH AMERICA: SMART GRID MARKET SIZE, BY SMART GRID DISTRIBUTION MANAGEMENT, 2015-2022 (USD MILLION)
      • Table NORTH AMERICA: SMART GRID MARKET SIZE, BY SMART GRID COMMUNICATION, 2015-2022 (USD MILLION)
      • Table NORTH AMERICA: SMART GRID MARKET SIZE, BY HARDWARE, 2015-2022 (USD MILLION)
      • Table NORTH AMERICA: SMART GRID MARKET SIZE, BY SERVICE, 2015-2022 (USD MILLION)
    • EUROPE
      • Table EUROPE: SMART GRID MARKET SIZE, BY TYPE, 2015-2022 (USD MILLION)
      • Table EUROPE: SMART GRID MARKET SIZE, BY SOFTWARE, 2015-2022 (USD MILLION)
      • Table EUROPE: SMART GRID MARKET SIZE, BY ADVANCED METERING INFRASTRUCTURE, 2015-2022 (USD MILLION)
      • Table EUROPE: SMART GRID MARKET SIZE, BY SMART GRID DISTRIBUTION MANAGEMENT, 2015-2022 (USD MILLION)
      • Table EUROPE: SMART GRID MARKET SIZE, BY SMART GRID COMMUNICATION, 2015-2022 (USD MILLION)
      • Table EUROPE: SMART GRID MARKET SIZE, BY HARDWARE, 2015-2022 (USD MILLION)
      • Table EUROPE: SMART GRID MARKET SIZE, BY SERVICE, 2015-2022 (USD MILLION)
    • ASIA PACIFIC
      • Table ASIA PACIFIC: SMART GRID MARKET SIZE, BY TYPE, 2015-2022 (USD MILLION)
      • Table ASIA PACIFIC: SMART GRID MARKET SIZE, BY SOFTWARE, 2015-2022 (USD MILLION)
      • Table ASIA PACIFIC: SMART GRID MARKET SIZE, BY ADVANCED METERING INFRASTRUCTURE, 2015-2022 (USD MILLION)
      • Table ASIA PACIFIC: SMART GRID MARKET SIZE, BY SMART GRID DISTRIBUTION MANAGEMENT, 2015-2022 (USD MILLION)
      • Table ASIA PACIFIC: SMART GRID MARKET SIZE, BY SMART GRID COMMUNICATION, 2015-2022 (USD MILLION)
      • Table ASIA PACIFIC: SMART GRID MARKET SIZE, BY HARDWARE, 2015-2022 (USD MILLION)
      • Table ASIA PACIFIC: SMART GRID MARKET SIZE, BY SERVICE, 2015-2022 (USD MILLION)
    • MIDDLE EAST AND AFRICA
      • Table MIDDLE EAST AND AFRICA: SMART GRID MARKET SIZE, BY TYPE, 2015-2022 (USD MILLION)
      • Table MIDDLE EAST AND AFRICA: SMART GRID MARKET SIZE, BY SOFTWARE, 2015-2022 (USD MILLION)
      • Table MIDDLE EAST AND AFRICA: SMART GRID MARKET SIZE, BY ADVANCED METERING INFRASTRUCTURE, 2015-2022 (USD MILLION)
      • Table MIDDLE EAST AND AFRICA: SMART GRID MARKET SIZE, BY SMART GRID DISTRIBUTION MANAGEMENT, 2015-2022 (USD MILLION)
      • Table MIDDLE EAST AND AFRICA: SMART GRID MARKET SIZE, BY SMART GRID COMMUNICATION, 2015-2022 (USD MILLION)
      • Table MIDDLE EAST AND AFRICA: SMART GRID MARKET SIZE, BY HARDWARE, 2015-2022 (USD MILLION)
      • Table MIDDLE EAST AND AFRICA: SMART GRID MARKET SIZE, BY SERVICE, 2015-2022 (USD MILLION)
    • LATIN AMERICA
      • Table LATIN AMERICA: SMART GRID MARKET SIZE, BY TYPE, 2015-2022 (USD MILLION)
      • Table LATIN AMERICA: SMART GRID MARKET SIZE, BY SOFTWARE, 2015-2022 (USD MILLION)
      • Table LATIN AMERICA: SMART GRID MARKET SIZE, BY ADVANCED METERING INFRASTRUCTURE, 2015-2022 (USD MILLION)
      • Table LATIN AMERICA: SMART GRID MARKET SIZE, BY SMART GRID DISTRIBUTION MANAGEMENT, 2015-2022 (USD MILLION)
      • Table LATIN AMERICA: SMART GRID MARKET SIZE, BY SMART GRID COMMUNICATION, 2015-2022 (USD MILLION)
      • Table LATIN AMERICA: SMART GRID MARKET SIZE, BY HARDWARE, 2015-2022 (USD MILLION)
      • Table LATIN AMERICA: SMART GRID MARKET SIZE, BY SERVICE, 2015-2022 (USD MILLION)
  • COMPETITIVE LANDSCAPE
    • MICROQUADRANT OVERVIEW
      • VISIONARY LEADERS
      • INNOVATORS
      • DYNAMIC DIFFERENTIATORS
      • EMERGING COMPANIES
    • COMPETITIVE BENCHMARKING
      • BUSINESS STRATEGY EXCELLENCE ADOPTED BY MAJOR PLAYERS IN THE SMART GRID MARKET
      • STRENGTH OF PRODUCT PORTFOLIO ADOPTED BY MAJOR PLAYERS IN THE SMART GRID MARKET
        • Table MARKET RANKING FOR THE SMART GRID MARKET, 2017
  • COMPANY PROFILES
    • GENERAL ELECTRIC COMPANY
      • OVERVIEW
      • PRODUCTS
      • STRENGTH OF PRODUCT PORTFOLIO
      • BUSINESS STRATEGY EXCELLENCE
      • RECENT DEVELOPMENTS
    • ABB LTD.
      • OVERVIEW
      • PRODUCTS
      • STRENGTH OF PRODUCT PORTFOLIO
      • BUSINESS STRATEGY EXCELLENCE
      • RECENT DEVELOPMENTS
    • SIEMENS AG
      • OVERVIEW
      • PRODUCTS
      • STRENGTH OF PRODUCT PORTFOLIO
      • BUSINESS STRATEGY EXCELLENCE
      • RECENT DEVELOPMENTS
    • SCHNEIDER ELECTRIC SA
      • OVERVIEW
      • PRODUCTS
      • STRENGTH OF PRODUCT PORTFOLIO
      • BUSINESS STRATEGY EXCELLENCE
      • RECENT DEVELOPMENTS
    • ITRON, INC.
      • OVERVIEW
      • PRODUCTS
      • STRENGTH OF PRODUCT PORTFOLIO
      • BUSINESS STRATEGY EXCELLENCE
      • RECENT DEVELOPMENTS
    • LANDIS+GYR
      • BUSINESS OVERVIEW
      • PRODUCTS
      • STRENGTH OF PRODUCT PORTFOLIO
      • BUSINESS STRATEGY EXCELLENCE
      • RECENT DEVELOPMENTS
    • ACLARA TECHNOLOGIES LLC
      • OVERVIEW
      • PRODUCTS
      • STRENGTH OF PRODUCT PORTFOLIO
      • BUSINESS STRATEGY EXCELLENCE
      • RECENT DEVELOPMENTS
    • CISCO SYSTEMS, INC.
      • OVERVIEW
      • PRODUCTS
      • STRENGTH OF PRODUCT PORTFOLIO
      • BUSINESS STRATEGY EXCELLENCE
      • RECENT DEVELOPMENTS
    • OPEN SYSTEMS INTERNATIONAL, INC.
      • OVERVIEW
      • PRODUCTS
      • STRENGTH OF PRODUCT PORTFOLIO
      • BUSINESS STRATEGY EXCELLENCE
      • RECENT DEVELOPMENTS
    • INTERNATIONAL BUSINESS MACHINES CORPORATION
      • OVERVIEW
      • PRODUCTS
      • STRENGTH OF PRODUCT PORTFOLIO
      • BUSINESS STRATEGY EXCELLENCE
      • RECENT DEVELOPMENTS
    • WIPRO LIMITED
      • OVERVIEW
      • PRODUCTS
      • STRENGTH OF PRODUCT PORTFOLIO
      • BUSINESS STRATEGY EXCELLENCE
      • RECENT DEVELOPMENTS
    • ORACLE CORPORATION
      • OVERVIEW
      • PRODUCTS
      • STRENGTH OF PRODUCT PORTFOLIO
      • BUSINESS STRATEGY EXCELLENCE
      • RECENT DEVELOPMENTS
  • APPENDIX
    • DISCUSSION GUIDE
    • KNOWLEDGE STORE: MARKETSANDMARKETS' SUBSCRIPTION PORTAL
    • INTRODUCING RT: REAL-TIME MARKET INTELLIGENCE
    • AVAILABLE CUSTOMIZATION
    • RELATED REPORTS
    • AUTHOR DETAILS

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