Press release
Global Smart Grid Managed Services Market 2019 - GE-Alstom, IBM Corp, Siemens Corp, Ericsson, Itron
Global Smart Grid Managed Services Market
Scope of the Report:
This report studies the Smart Grid Managed Services market status and outlook of Global and major regions, from angles of players, countries, product types and end industries; this report analyzes the top players in global market, and splits the Smart Grid Managed Services market by product type and applications/end industries.
The DMS market segment to account for almost 40% of the total market share. A DMS integrates all the systems of the grid and acts as a decision support system. Its ability to take corrective measures, finds faults, and provide useful information to the operator to manage the grid more efficiently will lead to its augmented adoption during the forecast period. Furthermore, with the increasing focus on renewable energy installations and demand-response programs, the demand for DMS will witness a stark increase.
The global smart grid managed services market is dominated by the Americas, which accounts for about two-thirds of the overall market share. Adoption of smart meters and the upgradation of older systems are a couple of reasons behind the growth and domination of this region. Smart grids help providers to manage power demands during peak and non-peak hours and also helps them to improve the operational efficiency. Setting up smart grids also helps to cut down on carbon emissions.
The global Smart Grid Managed Services market is valued at xx million USD in 2018 and is expected to reach xx million USD by the end of 2026, growing at a CAGR of xx% between 2018 and 2026.
The Asia-Pacific will occupy for more market share in following years, especially in China, also fast growing India and Southeast Asia regions.
North America, especially The United States, will still play an important role which cannot be ignored. Any changes from United States might affect the development trend of Smart Grid Managed Services.
Europe also play important roles in global market, with market size of xx million USD in 2018 and will be xx million USD in 2026, with a CAGR of xx%.
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Market Segment by Companies, this report covers
GE-Alstom
IBM Corp
Siemens Corp
Ericsson
Itron
Lockheed Martin
Alcatel-Lucent
Accenture Plc
Capgemini SA
AT&T
EnerNOC
Infosys
Wipro
FirstCarbon Solutions
HCL Technologies
Tendril Networks
Trilliant Energy Services
Market Segment by Regions, regional analysis covers
North America (United States, Canada and Mexico)
Europe (Germany, France, UK, Russia and Italy)
Asia-Pacific (China, Japan, Korea, India and Southeast Asia)
South America (Brazil, Argentina, Colombia)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
Market Segment by Type, covers
Energy Management Systems (EMS)
Distribution Management Systems (DMS)
Data Analytics
Other
Market Segment by Applications, can be divided into
Power Utilities
Independent Power Producers (IPPs)
Other
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