Electronics Industry News

Smart Grid Market Size, Company Share, Growth, Trends and Forecast 2019-2026

Press release   •   Oct 07, 2019 17:03 BST

The global smart grid market size was worth $67.23 billion in 2018, and is expected to reach $170.23 billion by 2026, growing at a CAGR of 12.6% from 2019 to 2026. The research offers a detailed analysis on changing market dynamics, key investment pockets, major segments, and market competition.

Factors such as rise in concerns regarding environmental protection and growth in adoption of smart grid technology to improve efficiency in energy conservation and consumption drive the market growth. Moreover, supportive government policies & regulations to use smart meters and rise in investments in digital electricity infrastructure supplement the market growth. However, lack of standardization and rise in privacy & security concerns are a few challenges faced by the industry. Conversely, growing number of electric vehicles on the road and upcoming smart cities projects in developing regions create new opportunities for the market growth.

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The report analyzes and forecasts the smart grid market at global and regional levels. The market has been forecast based on volume (Tons) and value (US$ Mn) from 2019 to 2026. The study includes drivers and restraints of the global market. It covers the impact of these drivers and restraints on the demand during the forecast period. The report also highlights opportunities in the market at the global level.

The report comprises a detailed value chain analysis, which provides a comprehensive view of the global smart grid market. The Porter’s Five Forces model has also been included to help understand the competitive landscape of the market. The study encompasses market attractiveness analysis, wherein various applications have been benchmarked based on their market size, growth rate, and general attractiveness.

The study provides a decisive view of the smart grid market by segmenting it in terms of form and application. The segment has been analyzed based on the present and future trends. Regional segmentation includes the current and projected demand in North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.

The report provides size (in terms of volume and value) of smart grid market for the base year 2018 and the forecast between 2019 and 2026. Market numbers have been estimated based on form and application. Market size and forecast for each application segment have been provided for the global and regional market.

Key Players Insights:

The smart grid market is dominated by the players such as Cisco Systems, Inc., General Electric, Honeywell International Inc, International Business Machines Corporation (IBM), Itron Inc., Oracle, Schneider Electric, Siemens, Tech Mahindra Limited, Wipro Limited, and others.

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Segmentation:

By Component

  • Solutions
  • Services

By Application

  • Generation
  • Transmission
  • Distribution
  • Consumption/End Use

By Solutions

  • Advanced Metering Infrastructure (AMI)
  • Smart Grid Distribution Management
  • Smart Grid Communications
  • Smart Grid Network Management
  • Substation Automation
  • Smart Grid Security
  • Others

By End User

  • Residential
  • Commercial
  • Industrial

By Region

  • North America
    • U.S.
    • Canada
  • Europe
    • UK
    • Germany
    • France
    • Rest of Europe
  • Asia-Pacific
    • China
    • India
    • Japan
    • Australia
    • Rest of Asia-Pacific
  • LAMEA
    • Latin America
    • Middle East
    • Africa

Research Methodology:

In-depth interviews and discussions were conducted with several key market participants and opinion leaders to compile the research report.

Primary research represents a bulk of research efforts, supplemented by extensive secondary research. Annual reports, press releases, and relevant documents of key players operating in various application areas have been reviewed for competition analysis and market understanding.

Secondary research also includes recent trends, technical writing, Internet sources, and statistical data from government websites, trade associations, and agencies. These have proved to be reliable, effective, and successful approaches for obtaining precise market data, capturing market participants’ insights, and recognizing business opportunities.

The study objectives of this report are:

  • To analyze and study the global smart grid capacity, production, value, consumption, status (2014-2018) and forecast (2019-2026);
  • Focuses on the key smart grid manufacturers, to study the capacity, production, value, market share and development plans in future.
  • Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
  • To define, describe and forecast the market by type, application and region.
  • To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints and risks.
  • To identify significant trends and factors driving or inhibiting the market growth.
  • To analyze the opportunities in the market for stakeholders by identifying the high growth segments.
  • To strategically analyze each submarket with respect to individual growth trend and their contribution to the market
  • To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market
  • To strategically profile the key players and comprehensively analyze their growth strategies.

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Table Of Content

Section 1: INTRODUCTION

1.1. REPORT DESCRIPTION

1.2. KEY MARKET SEGMENTS

1.3. KEY BENEFITS

1.4. RESEARCH METHODOLOGY

1.4.1.Primary research

1.4.2.Secondary research

1.4.3.Analyst tools and models

Section 2: EXECUTIVE SUMMARY

2.1. CXO PERSPECTIVE

Section 3: MARKET LANDSCAPE

3.1. MARKET DEFINITION AND SCOPE

3.2. KEY FINDINGS

3.2.1.Top investment pockets

3.2.2.Top winning strategies

3.3. PORTER'S FIVE FORCES ANALYSIS

3.3.1.Bargaining power of suppliers

3.3.2.Threat of new entrants

3.3.3.Threat of substitutes

3.3.4.Competitive rivalry

3.3.5.Bargaining power among buyers

3.4. MARKET SHARE ANALYSIS/TOP PLAYER POSITIONING

3.4.1. Market share analysis/top player positioning 2018

3.5. MARKET DYNAMICS

3.5.1. Drivers

3.5.2. Restraints

3.5.3. Opportunities

Section 4: SMART GRID MARKET BY COMPONENT

4.1. OVERVIEW

4.2. SOLUTION

4.2.1.Key market trends, growth factors and opportunities

4.2.2.Market Size and Forecast by region,

4.2.3.Market share analysis, by country

4.3. SERVICE

4.3.1.Key market trends, growth factors and opportunities

4.3.2.Market Size and Forecast by region,

4.3.3.Market share analysis, by country

Section 5: SMART GRID MARKET BY SOLUTION

5.1. OVERVIEW

5.2. ADVANCED METERING INFRASTRUCTURE

5.2.1.Key market trends, growth factors and opportunities

5.2.2.Market Size and Forecast by region,

5.2.3.Market share analysis, by country

5.3. SMART GRID DISTRIBUTION MANAGEMENT

5.3.1.Key market trends, growth factors and opportunities

5.3.2.Market Size and Forecast by region,

5.3.3.Market share analysis, by country

5.4. SMART GRID COMMUNICATIONS

5.4.1.Key market trends, growth factors and opportunities

5.4.2.Market Size and Forecast by region,

5.4.3.Market share analysis, by country

5.5. SMART GRID NETWORK MANAGEMENT

5.5.1.Key market trends, growth factors and opportunities

5.5.2.Market Size and Forecast by region,

5.5.3.Market share analysis, by country

5.6. SUBSTATION AUTOMATION

5.6.1.Key market trends, growth factors and opportunities

5.6.2.Market Size and Forecast by region,

5.6.3.Market share analysis, by country

5.7. SMART GRID SECURITY

5.7.1.Key market trends, growth factors and opportunities

5.7.2.Market Size and Forecast by region,

5.7.3.Market share analysis, by country

5.8. OTHERS

5.8.1.Key market trends, growth factors and opportunities

5.8.2.Market Size and Forecast by region,

5.8.3.Market share analysis, by country

Section 6: SMART GRID MARKET BY APPLICATION

6.1. OVERVIEW

6.2. GENERATION

6.2.1.Key market trends, growth factors and opportunities

6.2.2.Market Size and Forecast by region,

6.2.3.Market share analysis, by country

6.3. TRANSMISSION

6.3.1.Key market trends, growth factors and opportunities

6.3.2.Market Size and Forecast by region,

6.3.3.Market share analysis, by country

6.4. DISTRIBUTION

6.4.1.Key market trends, growth factors and opportunities

6.4.2.Market Size and Forecast by region,

6.4.3.Market share analysis, by country

6.5. CONSUMPTION/END-USE

6.5.1.Key market trends, growth factors and opportunities

6.5.2.Market Size and Forecast by region,

6.5.3.Market share analysis, by country

Section 7: SMART GRID MARKET BY END USER

7.1. OVERVIEW

7.2. RESIDENTIAL

7.2.1.Key market trends, growth factors and opportunities

7.2.2.Market Size and Forecast by region,

7.2.3.Market share analysis, by country

7.3. COMMERCIAL

7.3.1.Key market trends, growth factors and opportunities

7.3.2.Market Size and Forecast by region,

7.3.3.Market share analysis, by country

7.4. INDUSTRIAL

7.4.1.Key market trends, growth factors and opportunities

7.4.2.Market Size and Forecast by region,

7.4.3.Market share analysis, by country

Section 8: SMART GRID MARKET BY REGION

8.1. OVERVIEW

8.2. NORTH AMERICA

8.2.1.Key market trends and opportunities

8.2.2.Market size and forecast by component

8.2.3.Market size and forecast by solution

8.2.4.Market size and forecast by application

8.2.5.Market size and forecast by end user

8.2.6.Market size and forecast by Country

8.2.7.U.S. Smart Grid Market

8.2.7.1.Market size and forecast by component

8.2.7.2.Market size and forecast by solution

8.2.7.3.Market size and forecast by application

8.2.7.4.Market size and forecast by end user

8.2.8. Canada Smart Grid Market

8.2.8.1.Market size and forecast by component

8.2.8.2.Market size and forecast by solution

8.2.8.3.Market size and forecast by application

8.2.8.4.Market size and forecast by end user

8.3. EUROPE

8.3.1.Key market trends and opportunities

8.3.2.Market size and forecast by component

8.3.3.Market size and forecast by solution

8.3.4.Market size and forecast by application

8.3.5.Market size and forecast by end user

8.3.6.Market size and forecast by Country

8.3.7.UK Smart Grid Market

8.3.7.1.Market size and forecast by component

8.3.7.2.Market size and forecast by solution

8.3.7.3.Market size and forecast by application

8.3.7.4.Market size and forecast by end user

8.3.8. Germany Smart Grid Market

8.3.8.1.Market size and forecast by component

8.3.8.2.Market size and forecast by solution

8.3.8.3.Market size and forecast by application

8.3.8.4.Market size and forecast by end user

8.3.9. France Smart Grid Market

8.3.9.1.Market size and forecast by component

8.3.9.2.Market size and forecast by solution

8.3.9.3.Market size and forecast by application

8.3.9.4.Market size and forecast by end user

8.3.10. Spain Smart Grid Market

8.3.10.1.Market size and forecast by component

8.3.10.2.Market size and forecast by solution

8.3.10.3.Market size and forecast by application

8.3.10.4.Market size and forecast by end user

8.3.11. Italy Smart Grid Market

8.3.11.1.Market size and forecast by component

8.3.11.2.Market size and forecast by solution

8.3.11.3.Market size and forecast by application

8.3.11.4.Market size and forecast by end user

8.3.12. Rest of Europe Smart Grid Market

8.3.12.1.Market size and forecast by component

8.3.12.2.Market size and forecast by solution

8.3.12.3.Market size and forecast by application

8.3.12.4.Market size and forecast by end user

8.4. ASIA-PACIFIC

8.4.1.Key market trends and opportunities

8.4.2.Market size and forecast by component

8.4.3.Market size and forecast by solution

8.4.4.Market size and forecast by application

8.4.5.Market size and forecast by end user

8.4.6.Market size and forecast by Country

8.4.7.China Smart Grid Market

8.4.7.1.Market size and forecast by component

8.4.7.2.Market size and forecast by solution

8.4.7.3.Market size and forecast by application

8.4.7.4.Market size and forecast by end user

8.4.8. India Smart Grid Market

8.4.8.1.Market size and forecast by component

8.4.8.2.Market size and forecast by solution

8.4.8.3.Market size and forecast by application

8.4.8.4.Market size and forecast by end user

8.4.9. Japan Smart Grid Market

8.4.9.1.Market size and forecast by component

8.4.9.2.Market size and forecast by solution

8.4.9.3.Market size and forecast by application

8.4.9.4.Market size and forecast by end user

8.4.10. South Korea Smart Grid Market

8.4.10.1.Market size and forecast by component

8.4.10.2.Market size and forecast by solution

8.4.10.3.Market size and forecast by application

8.4.10.4.Market size and forecast by end user

8.4.11. Australia Smart Grid Market

8.4.11.1.Market size and forecast by component

8.4.11.2.Market size and forecast by solution

8.4.11.3.Market size and forecast by application

8.4.11.4.Market size and forecast by end user

8.4.12. Rest of Asia-Pacific Smart Grid Market

8.4.12.1.Market size and forecast by component

8.4.12.2.Market size and forecast by solution

8.4.12.3.Market size and forecast by application

8.4.12.4.Market size and forecast by end user

8.5. LAMEA

8.5.1.Key market trends and opportunities

8.5.2.Market size and forecast by component

8.5.3.Market size and forecast by solution

8.5.4.Market size and forecast by application

8.5.5.Market size and forecast by end user

8.5.6.Market size and forecast by Country

8.5.7.Latin America Smart Grid Market

8.5.7.1.Market size and forecast by component

8.5.7.2.Market size and forecast by solution

8.5.7.3.Market size and forecast by application

8.5.7.4.Market size and forecast by end user

8.5.8. Middle East Smart Grid Market

8.5.8.1.Market size and forecast by component

8.5.8.2.Market size and forecast by solution

8.5.8.3.Market size and forecast by application

8.5.8.4.Market size and forecast by end user

8.5.9. Africa Smart Grid Market

8.5.9.1.Market size and forecast by component

8.5.9.2.Market size and forecast by solution

8.5.9.3.Market size and forecast by application

8.5.9.4.Market size and forecast by end user

Section 9: COMPANY PROFILES

9.1. CISCO SYSTEMS INC.

9.1.1. Company overview

9.1.2. Business performance

9.1.3. Key strategic moves and developments

9.2. IBM CORPORATION

9.2.1. Company overview

9.2.2. Business performance

9.2.3. Key strategic moves and developments

9.3. SIEMENS AG

9.3.1. Company overview

9.3.2. Business performance

9.3.3. Key strategic moves and developments

9.4. SCHNEIDER ELECTRIC

9.4.1. Company overview

9.4.2. Business performance

9.4.3. Key strategic moves and developments

9.5. GENERAL ELECTRIC

9.5.1. Company overview

9.5.2. Business performance

9.5.3. Key strategic moves and developments

9.6. WIPRO LIMITED

9.6.1. Company overview

9.6.2. Business performance

9.6.3. Key strategic moves and developments

9.7. HONEYWELL INTERNATIONAL INC.

9.7.1. Company overview

9.7.2. Business performance

9.7.3. Key strategic moves and developments

9.8. ORACLE CORPORATION

9.8.1. Company overview

9.8.2. Business performance

9.8.3. Key strategic moves and developments

9.9. ABB

9.9.1. Company overview

9.9.2. Business performance

9.9.3. Key strategic moves and developments

9.10. ITRON

9.10.1. Company overview

9.10.2. Business performance

9.10.3. Key strategic moves and developments

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