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Published Date: 2014-06-30Number of Pages: 115

Smart Grid Market (Technology - Advanced Metering Infrastructure, Distribution Automation, Software and Hardware, Communication Technologies, Transmission Upgrades, Cyber Security) - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2013 - 2019

Smart Grid Market: Snapshot

Smart grids are in high demand owing to a growing need for power and support regulations by governments across regions. Higher transmission and distribution losses are other factors that will drive the market for smart grids. The rising demand for quality, secure, and reliable power supply is expected to ensure a significant growth of the market. Growing concerns regarding reduction in carbon footprints and the need to replace aging infrastructure is shaping the global smart grid market. In addition to this, there is a need for centralized grid distribution management and control. Due to all these factors, the global smart grids market is expected to register an 18.20% CAGR between 2013 and 2019, rising from US$37.7 bn in 2012 to US$118.1 bn by 2019. The high demand for smart grids from growing economies and a surge in ICT spending will also aid the market’s growth. 

The market size of smart grids has been growing considerably in the last few years owing to a growing adoption of smart meters and regional government initiatives and funding for smart grid projects. Governments across countries are striving to transform cities into smart cites and this will also help driving the market towards growth. 

Asia Pacific to Lead in Smart Grid Market 

Although the growth of the smart grid market can be felt across the globe, Asia Pacific is particularly witnessing a significant rise. Asia Pacific is expected to account for 47% of the market in 2019. China has the highest share of the smart grid market in Asia Pacific. Japan and India are other countries making progress in the smart grid market. The need to reduce transmission and distribution losses in developing nations across APAC will drive the market. Moreover, the need to reduce carbon emissions from developed nations in the region and the growing consumption of electricity in China, South Korea, Australia, New Zealand, India, and Singapore will drive the smart grid market. 

North America is expected to follow Asia Pacific in terms of high growth. The U.S. is expected to be the most significant contributor to the North American smart grid market. With investment support from various universities, this regions is expected to contribute to quite an extent in the near future. 

Transmission Upgrades Continues to Lead in Smart Grid Market 

On the basis of technology, the market is segmented into advanced metering infrastructure, distribution automation, cyber security, software and hardware, communication technologies, and transmission upgrades. Of these, the transmission upgrades segment not only led in the past but is expected to continue its leading position by 2019, accounting for 45.2% of the market. The market for transmission upgrades is expected to be significantly large in Asia Pacific. 

The global smart grid market is fragmented in nature. Big players in the industry are acquiring software vendors that have the most promising potential. An increasing number of mergers and acquisition activities are taking place in the global smart grid market. The inherent need to scale up the manufacturing capacity is resulting in high exit barriers, intensifying the degree of competition. Some of the key players in the market are Bimeda Animal Health, Bayer AG., Boehringer Ingelheim GmbH, Merck & Co., Inc., Ceva Santé Animale, Merial (Sanofi), Zoetis, Inc., and Vetoquinol, Elanco (Eli Lilly and Company).

 

Chapter 1 Preface

1.1 Report Description

1.2 Research Scope

1.3 Market Segmentation

1.4 Research Methodology

 

Chapter 2 Executive Summary

 

Chapter 3 Global Smart Grid Market – Industry Analysis

3.1 Introduction

3.2 Value Chain Analysis

3.3 Market Drivers

      3.3.1 Growing demand for power supplemented by higher transmission and distribution losses in Asia Pacific

      3.3.2 Policy and Regulation are expected to drive the market for smart grid in Asia Pacific and North America

      3.3.3 Increased efficiency through optimization of grid

      3.3.4 Increased reliability, quality, and security of power supply

3.4 Market Restraints

      3.4.1 Lack of interoperability and common standards

3.5 Market Opportunity

      3.5.1 Prepayment of electricity will create a promising market for smart grid

3.6 Porter’s Five Forces Analysis

      3.6.1 Bargaining Power of Suppliers

      3.6.2 Bargaining Power of Buyers

      3.6.3 Threat of Substitutes

      3.6.4 Threat of New Entrants

      3.6.5 Degree of Competition

3.7 Market Attractiveness Analysis

3.8 Company Market Share Analysis

      3.8.1 Global smart grid company market share analysis, 2012

 

Chapter 4 Smart Grid Market – Technology Analysis

4.1 Global Smart Grid Market: Technology Overview

      4.1.1 Global smart grid market, revenue share by technology segment, 2012 and 2019

4.2 Advanced Metering Infrastructure (AMI)

      4.2.1 Global advanced metering infrastructure market estimates and forecast, 2012-2019 (USD Billion)

4.3 Distribution Automation (DA)

      4.3.1 Global distribution automation market estimates and forecast, 2012-2019 (USD Billion)

4.4 Software and Hardware (S&H)

      4.4.1 Global software and hardware market estimates and forecast, 2012-2019 (USD Billion)

4.5 Communication Technologies (CT)

      4.5.1 Global communication technologies market estimates and forecast, 2012-2019 (USD Billion)

4.6 Transmission Upgrades (TU)

      4.6.1 Global transmission upgrades market estimates and forecast, 2012-2019 (USD Billion)

4.7 Cyber Security (CS)

      4.7.1 Global cyber security market estimates and forecast, 2012-2019 (USD Billion)

 

Chapter 5 Global Smart Grid Market – Regional Analysis

5.1 Global Smart Grid Market: Regional Overview

      5.1.1 Global Smart Grid Market, market revenue by region, 2012 & 2019 (USD Billion)

5.2 North America

      5.2.1 North America Smart Grid Market, by market revenue, 2012-2019 (USD Billion)

      5.2.2 U.S.

               5.2.2.1 United States Smart Grid Market, by market revenue, 2012-2019 (USD Billion)

      5.2.3 Canada

               5.2.3.1 Canada Smart Grid Market, by market revenue, 2012-2019 (USD Billion)

5.3 Europe

      5.3.1 Europe Smart Grid Market, by market revenue, 2012-2019 (USD Billion)

      5.3.2 Italy

               5.3.2.1 Italy Smart Grid Market, by market revenue, 2012-2019 (USD Billion)

      5.3.3 Germany

               5.3.3.1 Germany Smart Grid Market, by market revenue, 2012-2019 (USD Billion)

      5.3.4 United Kingdom

               5.3.4.1 United Kingdom Smart Grid Market, by market revenue, 2012-2019 (USD Billion)

      5.3.5 France

               5.3.5.1 France Smart Grid Market, by market revenue, 2012-2019 (USD Billion)

      5.3.6 Spain

               5.3.6.1 Spain Smart Grid Market, by market revenue, 2012-2019 (USD Billion)

5.4 Asia Pacific

      5.4.1 Asia Pacific Smart Grid Market, by market revenue, 2012-2019 (USD Billion)

      5.4.2 China

               5.4.2.1 China Smart Grid Market, by market revenue, 2012-2019 (USD Billion)

      5.4.3 India

               5.4.3.1 India Smart Grid Market, by market revenue, 2012-2019 (USD Billion)

      5.4.4 Japan

               5.4.4.1 Japan Smart Grid Market, by market revenue, 2012-2019 (USD Billion)

5.5 Rest of the World

      5.5.1 Rest of the World Smart Grid Market, by market revenue, 2012-2019 (USD Billion)

 

Chapter 6 Company Profiles

6.1 Aclara

      6.1.1 Company Overview

      6.1.2 Financial Overview

      6.1.3 Business Strategy

      6.1.4 SWOT Analysis

      6.1.5 Recent Developments

6.2 Alstom

      6.2.1 Company Overview

      6.2.2 Financial Overview

      6.2.3 Business Strategy

      6.2.4 SWOT Analysis

      6.2.5 Recent Developments

6.3 Comverge

      6.3.1 Company Overview

      6.3.2 Business Strategy

      6.3.3 SWOT Analysis

      6.3.4 Recent Developments

6.4 eMeter

      6.4.1 Company Overview

      6.4.2 Product Portfolio

      6.4.3 Business Strategy

      6.4.4 SWOT Analysis

      6.4.5 Recent Developments

6.5 GridPoint, Inc.

      6.5.1 Company Overview

      6.5.2 Financial Overview

      6.5.3 Product Portfolio

      6.5.4 Business Strategy

      6.5.5 SWOT Analysis

      6.5.6 Recent Developments

6.6 Itron

      6.6.1 Company Overview

      6.6.2 Financial Overview

      6.6.3 Product Portfolio

      6.6.4 Business Strategy

      6.6.5 SWOT Analysis

      6.6.6 Recent Developments

6.7 Landis+Gyr

      6.7.1 Company Overview

      6.7.2 Financial Overview

      6.7.3 Product Portfolio

      6.7.4 Business Strategy

      6.7.5 SWOT Analysis

      6.7.6 Recent Developments

6.8 Schneider Electric

      6.8.1 Company Overview

      6.8.2 Financial Overview

      6.8.3 Product Portfolio

      6.8.4 Business Strategy

      6.8.5 SWOT Analysis

      6.8.6 Recent Developments

6.9 Schweitzer Engineering Laboratories, Inc. (SEL)

      6.9.1 Company Overview

      6.9.2 Financial Overview

      6.9.3 Business Strategy

      6.9.4 SWOT Analysis

      6.9.5 Recent Developments

6.10 Sensus

      6.10.1 Company Overview

      6.10.2 Financial Overview

      6.10.3 Business Strategy

      6.10.4 SWOT Analysis

      6.10.5 Recent Developments

6.11 Siemens

      6.11.1 Company Overview

      6.11.2 Financial Overview

      6.11.3 Business Strategy

      6.11.4 SWOT Analysis

      6.11.5 Recent Developments

6.12 Silver Spring Networks

      6.12.1 Company Overview

      6.12.2 Financial Overview

      6.12.3 Product Portfolio

      6.12.4 Business Strategy

      6.12.5 SWOT Analysis

      6.12.6 Recent Developments

List of Figures 

 

FIG. 1 Global Smart Grid Market: Market segmentation

FIG. 2 Global Smart Grid Market, 2012 – 2019 (USD Million) 

FIG. 3 Value chain analysis of global smart grid market

FIG. 4 Global Power Consumption, 2012 – 2020 (Mtoe) 

FIG. 5 Smart Grid Market: Scope of Regulations

FIG. 6 Global smart grid market: Porter’s five force analysis

FIG. 7 Market attractiveness analysis of smart grid market, by technology segment, 2012

FIG. 8 Company market share of global smart grid market, 2012

FIG. 9 Global smart grid market, revenue share by technology, 2012 and 2019

FIG. 10 Global advanced metering infrastructure market estimates and forecast, 2012-2019 (USD Billion) 

FIG. 11 Global distribution automation market estimates and forecast, 2012-2019 (USD Billion) 

FIG. 12 Global software and hardware market estimates and forecast, 2012-2019 (USD Billion) 

FIG. 13 Global communication technologies market estimates and forecast, 2012-2019 (USD Billion) 

FIG. 14 Global transmission upgrades market estimates and forecast, 2012-2019 (USD Billion) 

FIG. 15 Global cyber security market estimates and forecast, 2012-2019 (USD Billion) 

FIG. 16 Global smart grid market, market revenue by region, 2012 & 2019

FIG. 17 North America smart grid market, by market revenue, 2012-2019 (USD Billion) 

FIG. 18 United States smart grid market, by market revenue, 2012-2019 (USD Billion) 

FIG. 19 Canada smart grid market, by market revenue, 2012-2019 (USD Billion)

FIG. 20 Europe smart grid market, by market revenue, 2012-2019 (USD Billion) 

FIG. 21 Italy smart grid market, by market revenue, 2012-2019 (USD Billion) 

FIG. 22 Germany smart grid market, by market revenue, 2012-2019 (USD Billion) 

FIG. 23 United Kingdom smart grid market, by market revenue, 2012-2019 (USD Billion) 

FIG. 24 France smart grid market, by market revenue, 2012-2019 (USD Billion) 

FIG. 25 Spain smart grid market, by market revenue, 2012-2019 (USD Billion) 

FIG. 26 Asia Pacific smart grid market, by market revenue, 2012-2019 (USD Billion) 

FIG. 27 China smart grid market, by market revenue, 2012-2019 (USD Billion) 

FIG. 28 India smart grid market, by market revenue, 2012-2019 (USD Billion) 

FIG. 29 Japan smart grid market, by market revenue, 2012-2019 (USD Billion) 

FIG. 30 Rest of the World smart grid market, by market revenue, 2012-2019 (USD Billion) 

List of Tables

 

TABLE 1 Global smart grid market snapshot

TABLE 1 Comparative analysis between conventional grid and smart grid

TABLE 2 Market Drivers of Global Smart Grid Market: Impact Analysis

TABLE 3 Market Restraints of Global Smart Grid Market: Impact Analysis

TABLE 4 Market Opportunity of Global Smart Grid Market: Impact Analysis

TABLE 5 North America smart grid market revenue, by technology, 2012-2019 (USD Billion) 

TABLE 6 United States smart grid market revenue, by technology, 2012-2019 (USD Billion) 

TABLE 7 Canada smart grid market revenue, by technology, 2012-2019 (USD Billion) 

TABLE 8 Europe smart grid market revenue, by technology, 2012-2019 (USD Billion) 

TABLE 9 Italy smart grid market revenue, by technology, 2012-2019 (USD Billion) 

TABLE 10 Germany smart grid market revenue, by technology, 2012-2019 (USD Billion) 

TABLE 11 United Kingdom smart grid market revenue, by technology, 2012-2019 (USD Billion)

TABLE 12 France smart grid market revenue, by technology, 2012-2019 (USD Billion) 

TABLE 13 Spain smart grid market revenue, by technology, 2012-2019 (USD Billion) 

TABLE 14 Asia Pacific smart grid market revenue, by technology, 2012-2019 (USD Billion) 

TABLE 15 China smart grid market revenue, by technology, 2012-2019 (USD Billion) 

TABLE 16 India smart grid market revenue, by technology, 2012-2019 (USD Billion) 

TABLE 17 Japan smart grid market revenue, by technology, 2012-2019 (USD Billion) 

TABLE 18 Rest of the World smart grid market revenue, by technology, 2012-2019 (USD Billion) 

 

The growth of the global smart grid market is mainly driven by the increased global demand for power supplemented by higher transmission and distribution losses. Increased policy and regulatory support by governments are likely to play a key role in the rise in demand for smart grid market over the forecast period. The growing need for increased reliability, quality, and the secure power and the increased energy efficiency achieved through grid optimization are expected to augment the global demand for the smart grid market. Lack of interoperability and open standard are likely to restrain the growth in the global smart grid market. However, prepayment of electricity is anticipated to create a promising global market for the smart grid technologies.

 

The smart grid refers to the modernization of the conventional power grid, which allows for a more reliable and secure electrical service. The smart grid is characterized by a two-way flow of communication and information, capable of monitoring the consumer preference, grid connected appliances, and the activities of the grid connected electrical systems. It incorporates the benefits of distributed computing and communication in the power grid, to provide the real-time information as well as enable the momentary restoration of power, and balance the demand and supply at the connected device. The application of the seamless communication system is expected to make the existing grid as the smarter grid. The communication system stores, gather, and process large amount of data, converts it into intelligence, communicate intelligence omni-directionally among the components that are connected to the smart grid.

 

The global smart grid market was dominated by Asia Pacific region followed by North America and Europe. Asia Pacific is expected to account for maximum demand for the global smart grid market on account of increasing investment and growing need for secure and reliable power in the region. The region is expected to display high growth rates as compared to other regions, mainly driven by the countries such as China and India.

 

This research is designed to estimate, analyze, and forecast the market revenue of the global smart grid market. The research provides in-depth analysis of the market size of the global smart grid market, in terms of revenue. The report covers key smart grid technology segmented as advanced metering infrastructure, distribution automation, software and hardware, communication technologies, transmission upgrades, and cyber security market. It also provides detailed analysis, historical data and statistically refined forecast for the segments covered.

 

The market size of the global smart grid has been estimated on the basis of indicators in the technology segment. Furthermore, the market is analyzed based on geography that constitutes a geographic region such as North America, Europe, Asia Pacific, and Rest of the World with country wise analysis for Asia Pacific, North America and Europe. Each geographical region has been segmented further on the basis of technology, and revenue forecasts and estimates for each segment have been provided for the forecast period of 2013-2019.

 

The report provides a thorough analysis of market share and revenue of companies such as Aclara, Alstom, Comverge, eMeter, GridPoint, Inc., Landis+Gyr, Schneider Electric, Schweitzer Engineering Laboratories, Inc. (SEL), Sensus, and Siemens. The report also provides a detailed analysis of the various factors influencing the global smart grid market with the help of Porter’s five force analysis. The analysis helps to understand the bargaining power of buyers, bargaining power of suppliers, threat from substitute, the threat from new entrant, and degree of competition in the global smart grid market. The study analyses the value chain of global smart grid market and the various market drivers, market restraints, and market opportunities of the global smart grid market. The study presents a comprehensive assessment of the stakeholder strategies, winning imperatives for them by segmenting the global smart grid market as below:

  • Smart Grid Market: Technology Analysis

    • Advanced Metering Infrastructure
    • Distribution Automation
    • Software and Hardware
    • Communication Technologies
    • Transmission Upgrades
    • Cyber Security
  • Smart Grid Market: Geography Analysis

    • North America

      • United States
      • Canada
    • Europe

      • Italy
      • Germany
      • United Kingdom
      • France
      • Spain
    • Asia Pacific

      • China
      • India
      • Japan
    • Rest of the World


 
 
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