Smart Grid Market By Business Type, Technology, Size, Share, Trends, Opportunity
According to TechSci Research, The Global smart grid market is projected to grow at a CAGR of more than 10% over the period, 2023-2027. Increasing investment on infrastructure in various countries, economic growth, technology advancement and support of local competence and distribution centres across the globe is contributing towards the growth of the market during the forecast period. Government across the globe are focussing on implementation of smart grids and spreading awareness about energy conservation which is positively influencing the growth of the market. However, there are few challenges which act as a barrier in the growth of the market for global smart grid. One of them is the problem of low accessibility to electricity in underdeveloped nations.
The global smart grid market is segmented based on type and geography. Based on geography, Asia-pacific dominated the market in 2021 as it has maximum deployment of smart meters on account of regulatory conditions and standardized policies. China is moving towards substantial reserves for smart meters implementation. The residential sector emerged as the most dominated market in case of smart meters. It helps the domestic customers to utilize significant features such as demand response, direct load control and reduction of peak purchases.
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Some of the major players operating in the Global Smart Grid market are Tendril, Schneider Electric, OnPowder, Silver Springs Networks, S&C, Itron, Siemens, Cisco, IBM, ABB.
· To analyze and forecast market size of the global Smart Grid market, in terms of value.
· To define, classify and forecast the global smart grid market on the basis of business type and regional distribution.
· To scrutinize the detailed market segmentation and forecast the market size, in terms of value, on the basis of region by segmenting global smart grid market into five regions, namely, North America, South America, Europe, Asia Pacific and MEA.
· To identify tailwinds and headwinds for the global smart grid market.
· To examine competitive developments such as expansions, new product launches, supply contracts, and mergers & acquisitions in the global smart grid market.
· To evaluate competitor pricing, average market selling prices and trends in the global smart grid market.
· To strategically profile the leading players, which are involved in the supply of smart grid globally.
TechSci Research performed primary as well as exhaustive secondary research for this study. Initially, TechSci Research sourced a list of smart grid manufacturers and suppliers globally. Subsequently, TechSci Research conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, TechSci Research was able to include manufacturers that could not be identified due to the limitations of secondary research. TechSci Research analysed business type and regional presence of all major smart grid suppliers across the globe.
TechSci Research calculated the market size for the global smart grid market using a bottom-up approach, where manufacturers’ value data for different types of (Solution and Service) Smart Grid was recorded as well as forecast for the future years was made. TechSci Research sourced these values from industry experts and company representatives, and externally validated through analyzing historical sales data of respective manufacturers to arrive at the overall market size. Various secondary sources such as company annual reports, white papers, investor presentations and financial reports were also used by the TechSci Research.
Key Target Audience:
- Global smart grid manufacturers
- Global smart grid suppliers
- Research organizations and consulting companies
- Organizations, associations and alliances related to smart grid manufacturing
- Government bodies such as regulating authorities and policy makers.
- Industry associations
- Market research and consulting firms
The study is useful in providing answers to several critical questions that are important for industry stakeholders, such as smart grid manufacturers, distributors, dealers and policy makers, which market segments should be targeted over the coming years (next five years) in order to strategize investments and capitalize on growth of the market.
Attribute | Details |
Base Year | 2021 |
Historical Data | 2017 – 2020 |
Estimated Year | 2022 |
Forecast Period | 2023 – 2027 |
Quantitative Units | Revenue in USD Million and CAGR for 2017-2021 and 2022E-2027F |
Report coverage | Revenue forecast, company share, competitive landscape, growth factors, and trends |
Segments covered | · Type · Technology · End User |
Regional scope | North America; Europe; Asia Pacific; South America; Middle East & Africa |
Country scope | United States, Mexico, Canada, China, India, Japan, South Korea, Australia; Germany, France, United Kingdom, Spain, Italy; South Africa, UAE, Saudi Arabia; Qatar; Brazil, Argentina, Colombia; |
Key companies profiled | Tendril, Schneider Electric, OnPowder, Silver Springs Networks, S&C, Itron, Siemens, Cisco, IBM, ABB. |
Customization scope | 10% free report customization with purchase. Addition or alteration to country, regional & segment scope. |
Pricing and purchase options | Avail customized purchase options to meet your exact research needs. Explore purchase options |
Delivery Format | PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
Report Scope:
In this report, global smart grid market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
- Global Smart Grid Market, by Type:
- Solution
- Advanced Metering Infrastructure
- Smart Grid Distribution Management
- Smart Grid Communication
- Grid Asset Management
- Geographic Information System
- Billing and Customer Information System
- Service
- Deployment and Integration
- Consulting
- Support and Maintenance
- Global Smart Grid Market, by Technology:
- Wired
- Wireless
- Global Smart Grid Market, by End User:
- Residential
- Corporate
- Government
- Global Smart Grid Market, by Geography:
- North America
§ United States
§ Canada
§ Mexico
§ Rest of North America
- Europe
§ United Kingdom
§ Germany
§ France
§ Italy
§ Spain
§ Rest of Europe
- Asia Pacific
§ China
§ Japan
§ South Korea
§ Australia
§ India
§ Rest of APAC
- South America
§ Brazil
§ Argentina
§ Colombia
§ Rest of South America
- MEA
§ Saudi Arabia
§ UAE
§ Qatar
§ South Africa
§ Rest of MEA
Competitive Landscape
Competition Benchmarking: Benchmarking of leading 20 players on the basis of product portfolio, market pricing, average selling price sales footprint, etc.
About TechSci Research
TechSci Research is a leading global market research firm publishing premium market research reports. Serving 700 global clients with more than 600 premium market research studies, TechSci Research is serving clients across 11 different industrial verticals. TechSci Research specializes in research-based consulting assignments in high growth and emerging markets, leading technologies and niche applications. Our workforce of more than 100 fulltime Analysts and Consultants employing innovative research solutions and tracking global and country specific high growth markets helps TechSci clients to lead rather than follow market trends.
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