KEY FINDINGS
The Europe smart grid market is expected to record a CAGR of 9.75%, over the forecast years of 2021 to 2028. The region's market growth is fueled by the increasing interest in smart grid systems by investors and operators, the rising electricity consumption, the growing initiatives and investments by the European Commission into smart grid technology, and the surging demand for renewable energy sources.
MARKET INSIGHTS
The Europe smart grid market growth assessment entails the analysis of Belgium, Russia, Italy, Poland, the United Kingdom, France, Germany, and the rest of Europe. The first smart grid activities in Germany were combined under the auspices of the government's initiative termed, E-energy - IT-based energy system of the future.' E-energy was declared as the landmark project for the country's government. In this regard, the government granted overall subsidies of nearly 140 million euros for six pilot projects, till 2013. In addition, the use of information technology within Germany's energy sector was also tested and explored.
In Belgium, the research institute IMEC, is principally active across areas such as nanoelectronics and digital technologies. The institute's expertise lies in the avenue of solar energy, while its smart grid research aims to enhance the storage, efficiency, and production of solar energy. As a result, the management, planning, and deployment of the country's smart grids are concentrated on the incorporation of storage systems into a smart network, linked with PV, and the automation of solar energy distribution. Therefore, these factors are set to facilitate the Europe smart grid market growth, during the forecast period.
COMPETITIVE INSIGHTS
Leading companies operating in the market are, ABB Ltd, Schneider Electric SE, Siemens AG, 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
Europe Smart Grid Market Forecast 2021-2028
Table Of Contents
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. Europe
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
8.1.5.1. United Kingdom
8.1.5.2. Germany
8.1.5.3. France
8.1.5.4. Italy
8.1.5.5. Russia
8.1.5.6. Belgium
8.1.5.7. Poland
8.1.5.8. Rest Of Europe
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
List Of Tables
Table 1: Market Snapshot - Smart Grid
Table 2: Europe Smart Grid Market, By End-User, Historical Years, 2016-2020 (In $ Million)
Table 3: Europe Smart Grid Market, By End-User, Forecast Years, 2021-2028 (In $ Million)
Table 4: Europe Smart Grid Market, By Application, Historical Years, 2016-2020 (In $ Million)
Table 5: Europe Smart Grid Market, By Application, Forecast Years, 2021-2028 (In $ Million)
Table 6: Europe Smart Grid Market, By Component, Historical Years, 2016-2020 (In $ Million)
Table 7: Europe Smart Grid Market, By Component, Forecast Years, 2021-2028 (In $ Million)
Table 8: Europe Solution Market, By Type, Historical Years, 2016-2020 (In $ Million)
Table 9: Europe Solution Market, By Type, Forecast Years, 2021-2028 (In $ Million)
Table 10: Europe Smart Grid Market, By Country, Historical Years, 2016-2020 (In $ Million)
Table 11: Europe Smart Grid Market, By Country, Forecast Years, 2021-2028 (In $ Million)
Table 12: List Of Mergers & Acquisitions
Table 13: List Of Product Launches & Developments
Table 14: List Of Partnerships & Agreements
Table 15: List Of Business Expansions & Divestitures
List Of Figures
Figure 1: Key Investment Insights
Figure 2: Porter's Five Forces Analysis
Figure 3: Opportunity Matrix
Figure 4: Vendor Landscape
Figure 5: Europe Smart Grid Market, Growth Potential, By End-User, In 2020
Figure 6: Europe Smart Grid Market, By Commercial End-User, 2021-2028 (In $ Million)
Figure 7: Europe Smart Grid Market, By Industrial End-User, 2021-2028 (In $ Million)
Figure 8: Europe Smart Grid Market, By Residential End-User, 2021-2028 (In $ Million)
Figure 9: Europe Smart Grid Market, Growth Potential, By Application, In 2020
Figure 10: Europe Smart Grid Market, By Transmission, 2021-2028 (In $ Million)
Figure 11: Europe Smart Grid Market, By Distribution, 2021-2028 (In $ Million)
Figure 12: Europe Smart Grid Market, By Consumption/End-Use, 2021-2028 (In $ Million)
Figure 13: Europe Smart Grid Market, By Generation, 2021-2028 (In $ Million)
Figure 14: Europe Smart Grid Market, Growth Potential, By Component, In 2020
Figure 15: Europe Smart Grid Market, By Solution, 2021-2028 (In $ Million)
Figure 16: Europe Smart Grid Market, By Substation Automation, 2021-2028 (In $ Million)
Figure 17: Europe Smart Grid Market, By Smart Grid Distribution Management, 2021-2028 (In $ Million)
Figure 18: Europe Smart Grid Market, By Advanced Metering Infrastructure, 2021-2028 (In $ Million)
Figure 19: Europe Smart Grid Market, By Smart Grid Network Management, 2021-2028 (In $ Million)
Figure 20: Europe Smart Grid Market, By Smart Grid Security, 2021-2028 (In $ Million)
Figure 21: Europe Smart Grid Market, By Smart Grid Communication, 2021-2028 (In $ Million)
Figure 22: Europe Smart Grid Market, By Other Solutions, 2021-2028 (In $ Million)
Figure 23: Europe Smart Grid Market, By Services, 2021-2028 (In $ Million)
Figure 24: Europe Smart Grid Market, Regional Outlook, 2020 & 2028 (In %)
Figure 25: United Kingdom Smart Grid Market, 2021-2028 (In $ Million)
Figure 26: Germany Smart Grid Market, 2021-2028 (In $ Million)
Figure 27: France Smart Grid Market, 2021-2028 (In $ Million)
Figure 28: Italy Smart Grid Market, 2021-2028 (In $ Million)
Figure 29: Russia Smart Grid Market, 2021-2028 (In $ Million)
Figure 30: Belgium Smart Grid Market, 2021-2028 (In $ Million)
Figure 31: Poland Smart Grid Market, 2021-2028 (In $ Million)
Figure 32: Rest Of Europe Smart Grid Market, 2021-2028 (In $ Million)
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