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Smart Grid Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2019-2024

The global smart grid market is expected to grow at a CAGR of around 16% during 2019-2024. A smart grid refers to an electronic network that is used to supply power through a two-way digital communication system. It enables the real-time collection of data regarding the electricity demand and supply during the transmission and distribution process. Smart grid majorly utilizes devices such as smart sensors and power meters to automate billing data collection and detect device failures, and superconducting cables to provide long-distance power transmission through wireless communication tools. These grids are equipped to repair themselves, ensure a consistent power supply without leakages and promote consumer engagement in grid operations, which aid in improving the overall efficiency and reducing the costs of energy production.

Global Smart Grid Market Repor

Growing energy demand across the globe, along with rapid urbanization and the emerging trend of digitalization, is one of the key factors driving the market growth. Smart grids are being utilized for renovating the existing grid infrastructure and introducing software-based architecture in emerging nations. Furthermore, the proliferation of distributed energy sources such as photovoltaic (PV), geothermal and hydroelectric power is favoring the market growth. These sources allow on-site generation and storage of electricity through microgrids and various connected devices. Additionally, the integration of smart grids with cloud technology has facilitated the analysis of current energy usage and pattern monitoring to address the concerns regarding environment protection and energy conservation. Other factors, including favorable government policies, the development of smart cities across the globe and an increasing number of research and development (R&D) activities, are projected to drive the market further. 

IMARC Group’s latest report provides a deep insight into the global smart grid market covering all its essential aspects. This ranges from macro overview of the market to micro details of the industry performance, recent trends, key market drivers and challenges, SWOT analysis, Porter’s five forces analysis, value chain analysis, etc. This report is a must-read for industry players, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the smart grid market in any manner.

Report Coverage:

  • Historical, Current and Future Market Trends
     
  • Market Breakup by Component:
    • Software
    • Hardware
    • Services
       
  • Market Breakup by Software:
    • Advanced Metering Infrastructure
    • Smart Grid Distribution Management
    • Smart Grid Network Management
    • Substation Automation
    • Others
       
  • Market Breakup by Hardware:
    • Sensor
    • Programmable Logic Controller
    • AMI Metre
    • Networking Hardware
    • Others
       
  • Market Breakup by Service:
    • Consulting
    • Support and Maintenance
    • Deployment and Integration
       
  • Market Breakup by End-User:
    • Residential
    • Commercial
    • Industrial
       
  • Market Breakup by Region:
    • Asia Pacific
    • Europe
    • North America
    • Middle East and Africa
    • Latin America
       

Competitive Landscape:

The report has also analyzed the competitive landscape of the market with some of the key players being CISCO Systems, IBM Corporation, Siemens AG, Schneider Electric, Wipro, General Electric, Honeywell, Oracle Corporation, ABB, Itron, Fujitsu, Eaton, Tantalus, eSmart Systems, etc.

Key Questions Answered in This Report:

  • How has the global smart grid market performed so far and how will it perform in the coming years?
  • What are the key regional markets in the global smart grid industry?
  • What is the breakup of the market based on the component?
  • What is the breakup of the market based on the software?
  • What is the breakup of the market based on the hardware?
  • What is the breakup of the market based on the service?
  • What is the breakup of the market based on the end-user?
  • What are the various stages in the value chain of the global smart grid industry?
  • What are the key driving factors and challenges in the global smart grid industry?
  • What is the structure of the global smart grid industry and who are the key players?
  • What is the degree of competition in the global smart grid industry?

1    Preface
2    Scope and Methodology

    2.1    Objectives of the Study
    2.2    Stakeholders
    2.3    Data Sources
        2.3.1    Primary Sources
        2.3.2    Secondary Sources
    2.4    Market Estimation
        2.4.1    Bottom-Up Approach
        2.4.2    Top-Down Approach
    2.5    Forecasting Methodology
3    Executive Summary
4    Introduction

    4.1    Overview
    4.2    Key Industry Trends
5    Global Smart Grid Market
    5.1    Market Overview
    5.2    Market Performance
    5.3    Market Breakup by Component
    5.4    Market Breakup by Software
    5.5    Market Breakup by Hardware
    5.6    Market Breakup by Service
    5.7    Market Breakup by End-User
    5.8    Market Breakup by Region
    5.9    Market Forecast
6    Market Breakup by Component
    6.1    Software
        6.1.1    Market Trends
        6.1.2    Market Forecast
    6.2    Hardware
        6.2.1    Market Trends
        6.2.2    Market Forecast
    6.3    Services
        6.3.1    Market Trends
        6.3.2    Market Forecast
7    Market Breakup by Software
    7.1    Advanced Metering Infrastructure
        7.1.1    Market Trends
        7.1.2    Market Forecast
    7.2    Smart Grid Distribution Management
        7.2.1    Market Trends
        7.2.2    Market Forecast
    7.3    Smart Grid Network Management
        7.3.1    Market Trends
        7.3.2    Market Forecast
    7.4    Substation Automation
        7.4.1    Market Trends
        7.4.2    Market Forecast
    7.5    Others
        7.5.1    Market Trends
        7.5.2    Market Forecast
8    Market Breakup by Hardware
    8.1    Sensor
        8.1.1    Market Trends
        8.1.2    Market Forecast
    8.2    Programmable Logic Controller
        8.2.1    Market Trends
        8.2.2    Market Forecast
    8.3    AMI Metre
        8.3.1    Market Trends
        8.3.2    Market Forecast
    8.4    Networking Hardware
        8.4.1    Market Trends
        8.4.2    Market Forecast
    8.5    Others
        8.5.1    Market Trends
        8.5.2    Market Forecast
9    Market Breakup by Service
    9.1    Consulting
        9.1.1    Market Trends
        9.1.2    Market Forecast
    9.2    Support and Maintenance
        9.2.1    Market Trends
        9.2.2    Market Forecast
    9.3    Deployment and Integration
        9.3.1    Market Trends
        9.3.2    Market Forecast
10    Market Breakup by End-User
    10.1    Residential
        10.1.1    Market Trends
        10.1.2    Market Forecast
    10.2    Commercial
        10.2.1    Market Trends
        10.2.2    Market Forecast
    10.3    Industrial
        10.3.1    Market Trends
        10.3.2    Market Forecast
11    Market Breakup by Region
    11.1    Asia Pacific
        11.1.1    Market Trends
        11.1.2    Market Forecast
    11.2    Europe
        11.2.1    Market Trends
        11.2.2    Market Forecast
    11.3    North America
        11.3.1    Market Trends
        11.3.2    Market Forecast
    11.4    Middle East and Africa
        11.4.1    Market Trends
        11.4.2    Market Forecast
    11.5    Latin America
        11.5.1    Market Trends
        11.5.2    Market Forecast
12    SWOT Analysis
    12.1    Overview
    12.2    Strengths
    12.3    Weaknesses
    12.4    Opportunities
    12.5    Threats
13    Value Chain Analysis
14    Porter’s Five Forces Analysis

    14.1    Overview
    14.2    Bargaining Power of Buyers
    14.3    Bargaining Power of Suppliers
    14.4    Degree of Competition
    14.5    Threat of New Entrants
    14.6    Threat of Substitutes
15    Competitive Landscape
    15.1    Market Structure
    15.2    Key Players
    15.3    Profiles of Key Players
        15.3.1    CISCO Systems
        15.3.2    IBM Corporation
        15.3.3    Siemens AG
        15.3.4    Schneider Electric
        15.3.5    Wipro
        15.3.6    General Electric
        15.3.7    Honeywell
        15.3.8    Oracle Corporation
        15.3.9    ABB
        15.3.10     Itron
        15.3.11     Fujitsu
        15.3.12     Eaton
        15.3.13     Tantalus
        15.3.14     eSmart Systems

List of Figures

Figure 1: Global: Smart Grid Market: Major Drivers and Challenges
Figure 2: Global: Smart Grid Market: Sales Value (in Billion US$), 2013-2018
Figure 3: Global: Smart Grid Market: Breakup by Component (in %), 2018
Figure 4: Global: Smart Grid Market: Breakup by Software (in %), 2018
Figure 5: Global: Smart Grid Market: Breakup by Hardware (in %), 2018
Figure 6: Global: Smart Grid Market: Breakup by Service (in %), 2018
Figure 7: Global: Smart Grid Market: Breakup by End-User (in %), 2018
Figure 8: Global: Smart Grid Market: Breakup by Region (in %), 2018
Figure 9: Global: Smart Grid Market Forecast: Sales Value (in Billion US$), 2019-2024
Figure 10: Global: Smart Grid Industry: SWOT Analysis
Figure 11: Global: Smart Grid Industry: Value Chain Analysis
Figure 12: Global: Smart Grid Industry: Porter’s Five Forces Analysis
Figure 13: Global: Smart Grid (Software) Market: Sales Value (in Million US$), 2013 & 2018
Figure 14: Global: Smart Grid (Software) Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 15: Global: Smart Grid (Hardware) Market: Sales Value (in Million US$), 2013 & 2018
Figure 16: Global: Smart Grid (Hardware) Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 17: Global: Smart Grid (Services) Market: Sales Value (in Million US$), 2013 & 2018
Figure 18: Global: Smart Grid (Services) Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 19: Global: Smart Grid (Advanced Metering Infrastructure) Market: Sales Value (in Million US$), 2013 & 2018
Figure 20: Global: Smart Grid (Advanced Metering Infrastructure) Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 21: Global: Smart Grid (Smart Grid Distribution Management) Market: Sales Value (in Million US$), 2013 & 2018
Figure 22: Global: Smart Grid (Smart Grid Distribution Management) Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 23: Global: Smart Grid (Smart Grid Network Management) Market: Sales Value (in Million US$), 2013 & 2018
Figure 24: Global: Smart Grid (Smart Grid Network Management) Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 25: Global: Smart Grid (Substation Automation) Market: Sales Value (in Million US$), 2013 & 2018
Figure 26: Global: Smart Grid (Substation Automation) Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 27: Global: Smart Grid (Other Softwares) Market: Sales Value (in Million US$), 2013 & 2018
Figure 28: Global: Smart Grid (Other Softwares) Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 29: Global: Smart Grid (Sensor) Market: Sales Value (in Million US$), 2013 & 2018
Figure 30: Global: Smart Grid (Sensor) Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 31: Global: Smart Grid (Programmable Logic Controller) Market: Sales Value (in Million US$), 2013 & 2018
Figure 32: Global: Smart Grid (Programmable Logic Controller) Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 33: Global: Smart Grid (AMI Metre) Market: Sales Value (in Million US$), 2013 & 2018
Figure 34: Global: Smart Grid (AMI Metre) Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 35: Global: Smart Grid (Networking Hardware) Market: Sales Value (in Million US$), 2013 & 2018
Figure 36: Global: Smart Grid (Networking Hardware) Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 37: Global: Smart Grid (Other Hardwares) Market: Sales Value (in Million US$), 2013 & 2018
Figure 38: Global: Smart Grid (Other Hardwares) Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 39: Global: Smart Grid (Consulting) Market: Sales Value (in Million US$), 2013 & 2018
Figure 40: Global: Smart Grid (Consulting) Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 41: Global: Smart Grid (Support and Maintenance) Market: Sales Value (in Million US$), 2013 & 2018
Figure 42: Global: Smart Grid (Support and Maintenance) Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 43: Global: Smart Grid (Deployment and Integration) Market: Sales Value (in Million US$), 2013 & 2018
Figure 44: Global: Smart Grid (Deployment and Integration) Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 45: Global: Smart Grid (Residential) Market: Sales Value (in Million US$), 2013 & 2018
Figure 46: Global: Smart Grid (Residential) Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 47: Global: Smart Grid (Commercial) Market: Sales Value (in Million US$), 2013 & 2018
Figure 48: Global: Smart Grid (Commercial) Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 49: Global: Smart Grid (Industrial) Market: Sales Value (in Million US$), 2013 & 2018
Figure 50: Global: Smart Grid (Industrial) Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 51: Asia Pacific: Smart Grid Market: Sales Value (in Million US$), 2013 & 2018
Figure 52: Asia Pacific: Smart Grid Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 53: Europe: Smart Grid Market: Sales Value (in Million US$), 2013 & 2018
Figure 54: Europe: Smart Grid Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 55: North America: Smart Grid Market: Sales Value (in Million US$), 2013 & 2018
Figure 56: North America: Smart Grid Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 57: Middle East and Africa: Smart Grid Market: Sales Value (in Million US$), 2013 & 2018
Figure 58: Middle East and Africa: Smart Grid Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 59: Latin America: Smart Grid Market: Sales Value (in Million US$), 2013 & 2018
Figure 60: Latin America: Smart Grid Market Forecast: Sales Value (in Million US$), 2019-2024

List of Tables

Table 1: Global: Smart Grid Market: Key Industry Highlights, 2018 and 2024
Table 2: Global: Smart Grid Market Forecast: Breakup by Component (in Million US$), 2019-2024
Table 3: Global: Smart Grid Market Forecast: Breakup by Software (in Million US$), 2019-2024
Table 4: Global: Smart Grid Market Forecast: Breakup by Hardware (in Million US$), 2019-2024
Table 5: Global: Smart Grid Market Forecast: Breakup by Service (in Million US$), 2019-2024
Table 6: Global: Smart Grid Market Forecast: Breakup by End-User (in Million US$), 2019-2024
Table 7: Global: Smart Grid Market Forecast: Breakup by Region (in Million US$), 2019-2024
Table 8: Global: Smart Grid Market Structure
Table 9: Global: Smart Grid Market: Key Players

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