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Smart Grid Market to hit USD 174.50 Bn by 2029 at a CAGR 19.1 Percent, Global Industry Analysis by Type, Industry, Region, and Forecast
Smart Grid Market
Smart Grid Market Report Scope and Research Methodology
The smart grid is an electric grid that comprises a network of substations, transmission lines, and transformers. The market includes a variety of energy measures, such as smart appliances, smart grids, renewable energy resources, and energy-efficient resources. The rising need to alleviate climate change and the increasing investments in digital electricity organization are some of the major drivers of the market.
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The report also presents the research methodology, which includes primary and secondary research. The primary research includes interviews with industry experts, whereas the secondary research includes industry publications, company reports, and government data.
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Smart Grid Market Dynamics
The report provides insights on the market dynamics, segment analysis, research methodology, and regional insights. The market is segmented by Component (Software, Hardware, and Services) and End-User (Residential, Commercial, and Industrial).
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Based on the Component, the software and services segments are expected to hold the largest market shares by 2029. The software segment is further sub-segmented into Advanced Metering Infrastructure, Smart Grid Distribution Management, Smart Grid Network Management, Grid Asset Management, Substation Automation, Smart Grid Security, and Billing and Customer Information System. Among these sub-segments, smart grid distribution management dominated the market.
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Based on the End-User, the commercial segment is expected to grow rapidly during the forecast period. An increasing need for a continuous, well-organized, and reliable electricity source is the key factor that drives the growth of this segment in the Global market.
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Smart Grid Market Regional Insights
North America dominates the Global Smart Grid market, owing to large-scale investments in smart grid & smart city projects. The USA has been extremely receptive toward adopting the latest technological developments, like smart grid distribution management, AMI, substation automation, and smart grid communication. Asia Pacific is expected to grow rapidly, mainly owing to the highly booming residential and commercial building industry, rapid industrialization, and mounting middle-class population.
Smart Grid Market Segmentation
By Component:
• Software
• Hardware
• Services
By End User:
• Residential
• Commercial
• Industrial
Smart Grid Market Key Competitors include:
• ABB
• Siemens
• GE
• Schneider Electric
• Itron
• Landis+Gyr
• Aclara
• Cisco
• OSI
• IBM
• Wipro
• Oracle
• Honeywell
• S&C Electric Company
• Eaton
• Kamstrup
• Trilliant Holdings
• Globema
• Tech Mahindra
• Enel X North America
• Fujitsu
• eSmart Systems
• Tantalus
• EsyaSoft Technologies
• Grid4C
• C3 Energy
• Others
Table of Content for Smart Grid Market
Global Smart Grid Market: Research Methodology
Global Smart Grid Market: Executive Summary
Market Overview and Definitions
Introduction to Global Market
Summary
Key Findings
Recommendations for Investors
Recommendations for Market Leaders
Recommendations for New Market Entry
Global Smart Grid Market: Competitive Analysis
MMR Competition Matrix
Market Structure by region
Competitive Benchmarking of Key Players
Consolidation in the Market
M&A by region
Key Developments by Companies
Market Drivers
Market Restraints
Market Opportunities
Market Challenges
Market Dynamics
PORTERS Five Forces Analysis
PESTLE
Regulatory Landscape by region
North America
Europe
Asia Pacific
Middle East and Africa
South America
COVID-19 Impact
Global Smart Grid Market Segmentation
Global Market, by Component (2021-2029)
Global Market, by End User (2021-2029)
Regional Smart Grid Market (2021-2029)
Regional Market, by Component (2021-2029)
Regional Market, by End User (2021-2029)
Regional Market, by Country (2021-2029)
Company Profile: Key players
Company Overview
Financial Overview
Global Presence
Capacity Portfolio
Business Strategy
Recent Developments
Key Offerings:
Past Market Size and Competitive Landscape (2018 to 2021)
Past Pricing and price curve by region (2018 to 2021)
Market Size, Share, Size & Forecast by different segment | 2022-2029
Market Dynamics - Growth Drivers, Restraints, Opportunities, and Key Trends by region
Market Segmentation - A detailed analysis by Component and End User
Competitive Landscape - Profiles of selected key players by region from a strategic perspective
Competitive landscape - Market Leaders, Market Followers, Regional player
Competitive benchmarking of key players by region
PESTLE Analysis
PORTER's analysis
Value chain and supply chain analysis
Legal Aspects of business by region
Lucrative business opportunities with SWOT analysis
Recommendations
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