Europe Smart Grid Security Market Share, Size, Growth, Opportunity and Forecast 2021-2026

*As the coronavirus disease (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the purchase behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.

Europe Smart Grid Security Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026

Market Overview:

The Europe smart grid security market is currently witnessing robust growth. A smart grid is a digital infrastructure that monitors grid conditions, energy consumption and generation, as well as automates the operations. Smart grid security offers various solutions and services that help secure smart power grids, communications, and information technology (IT) systems. It also facilitates a stable and reliable power system operation during contingency situations in case of any critical power system component failure.

The Europe smart grid security market is primarily driven by the rising adoption of smart grids by the regional governments to reduce carbon emissions. The market is further driven by the increasing adoption of smart meters as an essential component of national energy policies as they help minimize carbon footprints and improve overall efficiency. For instance, the European Union (EU) has set a target for cutting greenhouse gases by 20% and meeting its energy needs through the use of renewable energy sources. This is likely to increase the adoption of smart grids, thereby propelling the growth of the market. Furthermore, technology innovations have improved the reliability, efficiency, and security features of power grids. On account of these factors, the market is expected to continue its robust growth during the forecast period (2021-2026).

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the Europe smart grid security market report, along with forecasts for growth at the region level from 2021-2026. Our report has categorized the market based on region, component, subsystem, deployment type and security type.

Breakup by Component:

Solution
- Encryption
- Antivirus and Antimalware
- Identity and Access Management (IAM)
- Firewall
- Others
Services
- Managed Services
- Professional Services
- Others

Breakup by Subsystem:

Demand Response System
Supervisory Control and Data Acquisition (SCADA)/ Industrial Control System (ICS)
Home Energy Management System
Advanced Metering Infrastructure
Others

Breakup by Deployment Type:

Cloud-based
On-premise

Breakup by Security Type:

Endpoint Security
Application Security
Database Security
Network Security
Others

Breakup by Country:

Germany
France
United Kingdom
Italy
Spain
Others

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players.

Key Questions Answered in This Report:

How has the Europe smart grid security market performed so far and how will it perform in the coming years?
What has been the impact of COVID-19 on the Europe smart grid security market?
What are the key regional markets?
What is the breakup of the market based on the component?
What is the breakup of the market based on the subsystem?
What is the breakup of the market based on the deployment type?
What is the breakup of the market based on the security type?
What are the various stages in the value chain of the industry?
What are the key driving factors and challenges in the industry?
What is the structure of the Europe smart grid security market and who are the key players?
What is the degree of competition in the industry?