Global Smart Grid Market 2018 Demand and Key Players: ABB, Hubbell, Schneider Electric, Fujitsu General, Belden, General Electric, Honeywell Elster, Landis+Gyr, Oracle Itron, Siemens, Cisco, Wipro, IBM

Market Overview: -

Smart Grid Market size will surpass USD 70 Billion by 2024. Ambitious government led plans toward grid modernization will drive the smart grid market size. Major countries have enforced regulations and mandates to reinforce smart grid deployments and R&D activities as a part of their energy conservation initiatives. In 2016, global investments in digital electricity infrastructure reached over USD 45 billion to enhance the resiliency, reliability, and security of the grid. Increasing government focus toward grid restructuring to mitigate integration challenges, overutilization, and load mismatch will further boost the industry growth. Smart grid market by communication & wireless infrastructure is predicted to grow over 20% by 2024. Growing requirement of IoT intervention for improving demand management, grid efficiency and customer services across power utilities will stimulate the business outlook.

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Top Key Players:

Eminent players in smart grid market include ABB, Hubbell, Schneider Electric, Fujitsu General, Belden, General Electric, Honeywell Elster, Landis+Gyr, Oracle Itron, Siemens, Cisco, Wipro and IBM.

Market share calculation in this report is not done based on companies covered in it. The calculation of smart grid market share is done based on a regional approach and countries covered. On request, additional companies can be covered as well as regional data for particular country / countries can be provided.

Regional Segmentations: -

UK smart grid market is set to witness strong growth owing to favorable regulatory norms toward environmental sustainability and energy conservation. The legislative directive and mandate rollout across the nation toward smart meters will augment the business landscape. As part of the smart grid plan, the Energy Networks Association has aimed to execute a local energy market, enabling the households and businesses to trade power thereby contributing to conservation of energy.

The U.S. industry was estimated over USD 3 billion in 2017. Frequent blackouts and the incessant need for energy conservation will augment the industry landscape. Implementation of grid automation programs to reinforce communication flexibility and distributed intelligence of the national power infrastructure will further fuel the industry growth. For instance, the Public Service Electric and Gas Company (PSE&G) invested USD 69 million in 2017 to boost consumer energy efficiency through smart thermostat and residential data analytics programs.

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Partial Chapter of the Table of Content

Chapter 1. Methodology and Scope
1.1. Methodology
1.2. Market definitions
1.3. Market estimation and forecast parameters
1.4. Data sources
1.4.1. Primary
1.4.2. Secondary
1.4.2.1. Paid Sources
1.4.2.2. Public Sources
Chapter 2. Executive Summary
2.1. Smart grid industry 3600 synopsis, 2013 – 2024
2.2. Business trends
2.3. Technology trends
2.4. Service trends
2.5. Deployment trends
2.6. Regional trends
Chapter 3. Smart Grid Industry Insights
3.1. Industry segmentation
3.2. Industry landscape, 2013 – 2024 (USD Million)
3.3. Industry ecosystem analysis
3.3.1. Vendor matrix
3.4. Regulatory landscape
3.4.1. U.S.
3.4.2. Europe
3.4.3. China
3.4.4. India
3.4.5. Australia
3.4.6. Brazil
3.5. Innovation and sustainability
3.5.1. ABB
3.5.2. Schneider Electric SE
3.5.3. Fujitsu General
3.6. Global investment trend analysis
3.7. Key existing and upcoming projects
3.8. Smart Grid Developed Vs Upcoming Markets
3.9. Transmission and distribution loss trends
3.10. Customer requirements
3.11. Customer group requirements
3.11.1. Utility
3.11.2. Government institutions
3.11.3. Industrial
3.12. Entry barrier
3.13. Industry impact forces
3.13.1. Growth drivers
3.13.1.1. .Increasing need to digitalize the power sector
3.13.1.2. Favorable government regulations and mandates
3.13.1.3. Growing share of renewable energy in the energy mix
3.13.1.4. Reliable and efficient energy consumption
3.13.2. Industry pitfalls & challenges
3.13.2.1. Rising cyber attacks
3.14. Growth potential analysis
3.15. Porter's analysis
3.16. Competitive landscape, 2017
3.16.1. Strategy dashboard
3.16.1.1. Itron
3.16.1.1.1. Product Development
3.16.1.1.2. Acquisitions
3.16.1.1.3. Long Term Contract
3.16.1.1.4. Restructuring
3.16.1.2. Honeywell
3.16.1.2.1. Acquisition
3.16.1.2.2. Long-term contracts
3.16.1.2.3. New Product Launch
3.16.1.3. ABB
3.16.1.3.1. Acquisition
3.16.1.3.2. New Product Launch
3.16.1.4. Siemens AG
3.16.1.4.1. Acquisition
3.16.1.4.2. Long-term contracts
3.17. Company market share,2017
3.18. PESTEL analysis

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China smart grid market is set to expand over 11% by 2024. Introduction of government initiatives to increase the share of renewables in the existing generation mix and develop green infrastructure will fuel the business growth. The government aims at increasing the share of renewables in the existing generation mix to 15% by 2020 and 20% by 2030.

Ongoing investments toward digitalization of grid by implementing advanced communication technology will stimulate the smart grid market. Increasing focus toward the integration of renewable grid along with the necessity for upgrading ageing electrical infrastructure will facilitate the installation of smart grids.

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