Published :
Tables : 30
Figures : 45
Category : Information & Communications Technology
No. of Pages : 250
Report Code : ICT1012
Smart Grid Market Introduction: The global smart grid market is forecasted to value over US$ 65 billion by the end of 2027 and expand at a CAGR of over 17% during the forecast period of 2020-2027. The market is forecasted to observe rapid growth during the forecast period owing to an escalation in demand for energy across the globe. Furthermore, the growth in government aid for smart grid technologies is predicted to add towards the gloabl smart grid market growth. Smart grid system improves the distribution, usage and decreases transmission loss during delivering power to the consumers. Aforementioned positive attributes are presumed to boost the market growth. Furthermore, an advanced communication network owing to error-free and effective data transfer, ageing power distribution support is calculated to drive the market growth over the forecast period. Rising energy concerns and regulatory standards commissioning corporations to use energy efficient management systems will also impact the market growth positively. Concerns such as high installation cost, lack of standard implementation protocols, data security and privacy breach, are presumed to hinder the market growth. Key Market Players are: Schneider Electric, Cisco, Honeywell, GE, Kamstrup, Tech Mahindra, Oracle, Siemens, Globerma, Itron, eSmart Systems, IBM, Eaton and others. Smart Grid Market Segmentation: By Component Hardware Software Services By Hardware Smart Meter By Software Smart Grid Network Mangement Advanced Metering Infrastructure (AMI) Smart Grid Distribution Substation Automation Grid Asset Management Smart Grid Security Billing and Customer Information System By Service Deployment and Integration Support and Maintenance Consulting By Region: Europe North America APAC Latin America Rest of World Competitive Landscape: Tier 1 players- established companies in the market with a major market share Tier 2 players Emerging players which are growing rapidly New Entrants FutureWise Takeaways: Growth prospects SWOT analysis Key trends Key data points affecting market growth Objectives of the Study: To provide an exhaustive analysis on the Smart Grid Market by Component, by Hardware, by Software, by Service and by Region To cater comprehensive information on factors impacting market growth (drivers, restraints, opportunities, and industry-specific restraints) To evaluate and forecast micro-markets and the overall market To predict the market size, in key regions (along with countries)—North America, Europe, Asia Pacific, Latin America, and the Middle East. To evaluate and competitive landscape mapping- product launches, technological advancements, mergers and expansionsTo rec
The global smart grid market is forecasted to value over US$ 65 billion by the end of 2027 and expand at a CAGR of over 17% during the forecast period of 2020-2027.
The market is forecasted to observe rapid growth during the forecast period owing to an escalation in demand for energy across the globe. Furthermore, the growth in government aid for smart grid technologies is predicted to add towards the gloabl smart grid market growth.
Smart grid system improves the distribution, usage and decreases transmission loss during delivering power to the consumers. Aforementioned positive attributes are presumed to boost the market growth. Furthermore, an advanced communication network owing to error-free and effective data transfer, ageing power distribution support is calculated to drive the market growth over the forecast period. Rising energy concerns and regulatory standards commissioning corporations to use energy efficient management systems will also impact the market growth positively.
Concerns such as high installation cost, lack of standard implementation protocols, data security and privacy breach, are presumed to hinder the market growth.
Key Market Players are: Schneider Electric, Cisco, Honeywell, GE, Kamstrup, Tech Mahindra, Oracle, Siemens, Globerma, Itron, eSmart Systems, IBM, Eaton and others. Smart Grid Market Segmentation: By Component
By Hardware
By Software
By Service
By Region:
Competitive Landscape:
FutureWise Takeaways:
Objectives of the Study:
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