KEY FINDINGS
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.
MARKET INSIGHTS
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.
REGIONAL INSIGHTS
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.
COMPETITIVE INSIGHTS
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
Global 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. 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
8.1.5.1. United States
8.1.5.2. 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
8.2.5.1. United Kingdom
8.2.5.2. Germany
8.2.5.3. France
8.2.5.4. Italy
8.2.5.5. Russia
8.2.5.6. Belgium
8.2.5.7. Poland
8.2.5.8. 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
8.3.5.1. China
8.3.5.2. Japan
8.3.5.3. India
8.3.5.4. South Korea
8.3.5.5. Indonesia
8.3.5.6. Thailand
8.3.5.7. Singapore
8.3.5.8. Australia & New Zealand
8.3.5.9. 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
8.4.5.1. Latin America
8.4.5.2. 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
List Of Tables
Table 1: Market Snapshot - Smart Grid
Table 2: Global Smart Grid Market, By End-User, Historical Years, 2016-2020 (In $ Million)
Table 3: Global Smart Grid Market, By End-User, Forecast Years, 2021-2028 (In $ Million)
Table 4: Global Commercial End-User Market, By Region, Historical Years, 2016-2020 (In $ Million)
Table 5: Global Commercial End-User Market, By Region, Forecast Years, 2021-2028 (In $ Million)
Table 6: Global Industrial End-User Market, By Region, Historical Years, 2016-2020 (In $ Million)
Table 7: Global Industrial End-User Market, By Region, Forecast Years, 2021-2028 (In $ Million)
Table 8: Global Residential End-User Market, By Region, Historical Years, 2016-2020 (In $ Million)
Table 9: Global Residential End-User Market, By Region, Forecast Years, 2021-2028 (In $ Million)
Table 10: Global Smart Grid Market, By Application, Historical Years, 2016-2020 (In $ Million)
Table 11: Global Smart Grid Market, By Application, Forecast Years, 2021-2028 (In $ Million)
Table 12: Global Transmission Market, By Region, Historical Years, 2016-2020 (In $ Million)
Table 13: Global Transmission Market, By Region, Forecast Years, 2021-2028 (In $ Million)
Table 14: Global Distribution Market, By Region, Historical Years, 2016-2020 (In $ Million)
Table 15: Global Distribution Market, By Region, Forecast Years, 2021-2028 (In $ Million)
Table 16: Global Consumption/End-Use Market, By Region, Historical Years, 2016-2020 (In $ Million)
Table 17: Global Consumption/End-Use Market, By Region, Forecast Years, 2021-2028 (In $ Million)
Table 18: Global Generation Market, By Region, Historical Years, 2016-2020 (In $ Million)
Table 19: Global Generation Market, By Region, Forecast Years, 2021-2028 (In $ Million)
Table 20: Global Smart Grid Market, By Component, Historical Years, 2016-2020 (In $ Million)
Table 21: Global Smart Grid Market, By Component, Forecast Years, 2021-2028 (In $ Million)
Table 22: Global Solution Market, By Region, Historical Years, 2016-2020 (In $ Million)
Table 23: Global Solution Market, By Region, Forecast Years, 2021-2028 (In $ Million)
Table 24: Global Services Market, By Region, Historical Years, 2016-2020 (In $ Million)
Table 25: Global Services Market, By Region, Forecast Years, 2021-2028 (In $ Million)
Table 26: Global Solution Market, By Type, Historical Years, 2016-2020 (In $ Million)
Table 27: Global Solution Market, By Type, Forecast Years, 2021-2028 (In $ Million)
Table 28: Global Smart Grid Market, By Geography, Historical Years, 2016-2020 (In $ Million)
Table 29: Global Smart Grid Market, By Geography, Forecast Years, 2021-2028 (In $ Million)
Table 30: North America Smart Grid Market, By Country, Historical Years, 2016-2020 (In $ Million)
Table 31: North America Smart Grid Market, By Country, Forecast Years, 2021-2028 (In $ Million)
Table 32: Europe Smart Grid Market, By Country, Historical Years, 2016-2020 (In $ Million)
Table 33: Europe Smart Grid Market, By Country, Forecast Years, 2021-2028 (In $ Million)
Table 34: Asia-Pacific Smart Grid Market, By Country, Historical Years, 2016-2020 (In $ Million)
Table 35: Asia-Pacific Smart Grid Market, By Country, Forecast Years, 2021-2028 (In $ Million)
Table 36: Rest Of World Smart Grid Market, By Region, Historical Years, 2016-2020 (In $ Million)
Table 37: Rest Of World Smart Grid Market, By Region, Forecast Years, 2021-2028 (In $ Million)
Table 38: List Of Mergers & Acquisitions
Table 39: List Of Product Launches & Developments
Table 40: List Of Partnerships & Agreements
Table 41: 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: Global Smart Grid Market, Growth Potential, By End-User, In 2020
Figure 6: Global Smart Grid Market, By Commercial End-User, 2021-2028 (In $ Million)
Figure 7: Global Smart Grid Market, By Industrial End-User, 2021-2028 (In $ Million)
Figure 8: Global Smart Grid Market, By Residential End-User, 2021-2028 (In $ Million)
Figure 9: Global Smart Grid Market, Growth Potential, By Application, In 2020
Figure 10: Global Smart Grid Market, By Transmission, 2021-2028 (In $ Million)
Figure 11: Global Smart Grid Market, By Distribution, 2021-2028 (In $ Million)
Figure 12: Global Smart Grid Market, By Consumption/End-Use, 2021-2028 (In $ Million)
Figure 13: Global Smart Grid Market, By Generation, 2021-2028 (In $ Million)
Figure 14: Global Smart Grid Market, Growth Potential, By Component, In 2020
Figure 15: Global Smart Grid Market, By Solution, 2021-2028 (In $ Million)
Figure 16: Global Smart Grid Market, By Substation Automation, 2021-2028 (In $ Million)
Figure 17: Global Smart Grid Market, By Smart Grid Distribution Management, 2021-2028 (In $ Million)
Figure 18: Global Smart Grid Market, By Advanced Metering Infrastructure, 2021-2028 (In $ Million)
Figure 19: Global Smart Grid Market, By Smart Grid Network Management, 2021-2028 (In $ Million)
Figure 20: Global Smart Grid Market, By Smart Grid Security, 2021-2028 (In $ Million)
Figure 21: Global Smart Grid Market, By Smart Grid Communication, 2021-2028 (In $ Million)
Figure 22: Global Smart Grid Market, By Other Solutions, 2021-2028 (In $ Million)
Figure 23: Global Smart Grid Market, By Services, 2021-2028 (In $ Million)
Figure 24: North America Smart Grid Market, Regional Outlook, 2020 & 2028 (In %)
Figure 25: United States Smart Grid Market, 2021-2028 (In $ Million)
Figure 26: Canada Smart Grid Market, 2021-2028 (In $ Million)
Figure 27: Europe Smart Grid Market, Regional Outlook, 2020 & 2028 (In %)
Figure 28: United Kingdom Smart Grid Market, 2021-2028 (In $ Million)
Figure 29: Germany Smart Grid Market, 2021-2028 (In $ Million)
Figure 30: France Smart Grid Market, 2021-2028 (In $ Million)
Figure 31: Italy Smart Grid Market, 2021-2028 (In $ Million)
Figure 32: Russia Smart Grid Market, 2021-2028 (In $ Million)
Figure 33: Belgium Smart Grid Market, 2021-2028 (In $ Million)
Figure 34: Poland Smart Grid Market, 2021-2028 (In $ Million)
Figure 35: Rest Of Europe Smart Grid Market, 2021-2028 (In $ Million)
Figure 36: Asia-Pacific Smart Grid Market, Regional Outlook, 2020 & 2028 (In %)
Figure 37: China Smart Grid Market, 2021-2028 (In $ Million)
Figure 38: Japan Smart Grid Market, 2021-2028 (In $ Million)
Figure 39: India Smart Grid Market, 2021-2028 (In $ Million)
Figure 40: South Korea Smart Grid Market, 2021-2028 (In $ Million)
Figure 41: Indonesia Smart Grid Market, 2021-2028 (In $ Million)
Figure 42: Thailand Smart Grid Market, 2021-2028 (In $ Million)
Figure 43: Vietnam Smart Grid Market, 2021-2028 (In $ Million)
Figure 44: Australia & New Zealand Smart Grid Market, 2021-2028 (In $ Million)
Figure 45: Rest Of Asia-Pacific Smart Grid Market, 2021-2028 (In $ Million)
Figure 46: Rest Of World Smart Grid Market, Regional Outlook, 2020 & 2028 (In %)
Figure 47: Latin America Smart Grid Market, 2021-2028 (In $ Million)
Figure 48: Middle East & Africa Smart Grid Market, 2021-2028 (In $ Million)
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