Smart Grid Market Research Report- Global Forecast 2027

Smart Grid Market Research Report — by Components (Hardware (AMI meter, Sensors, PLC), Software, Services (Consulting)), by Technology (Wired, Wireless), by End-User (Residential, Corporate, Government) — Global Forecast till 2027

ID: MRFR/ICT/0604-HCR | February 2021 | Region: Global | 110 pages

Impact of Covid-19 Outbreak on Smart Grid Market
Smart Grid Market


Source: Primary Experts, Secondary Sources and MRFR Analysis


The COVID-19 outbreak has had detrimental effects on the global economy as many industries, including the power industry, have been affected by the current circumstances while operations of various sectors have come to a standstill. In the energy & power industry, many companies are dealing with several challenges due to a decline in electricity prices post the COVID-19 outbreak. Moreover, as per the US Department of Homeland Security (DHS), the utilities industry is one of the 16 industries that is considered as critical infrastructure sectors facing high impact due to the COVID-19 outbreak. Other major sectors include power plants, dams, nuclear reactors, and transmission systems, among others. Furthermore, due to the pandemic and containment measures taken by governments globally, major sports events, concerts, commercial events, and businesses have scaled back drastically in the world, resulting in declining electricity demand. This has impacted the smart grid industry by a slowdown in hardware component installations. For instance, manufacturers of smart grid hardware devices are facing issues related to order sales, delays in raw materials from suppliers, and others. Furthermore, Italy has been one of the worst affected countries due to this pandemic. According to the Electric Power Research Institute (EPRI), Italy has witnessed a decline in electricity demand from 18% to 21% reduction in peak demand and energy use on a year-on-year basis.  


FIGURE: GLOBAL GRID EDGE DEPLOYMENTS, 2019
GRID EDGE DEPLOYMENTS


Source: Grid Edge Data Hub


Despite the lowering demand for electricity, the distributed energy resources such as batteries, solar, sensors, smart meters, and other smart grid components are helping the utilities to assess the customer data through remote operations. However, smart grid deployment would be affected drastically. In general, utilities require long extended sales cycles of anywhere between one year and three years. Due to the pandemic situation, the grid edge sales cycles are expected to be delayed furthermore as the inspections, measurements, and installations are stopped. Moreover, as per the Energy Information Administration (EIA), solar and energy storage systems are expected to see a 1.2 GW decline in residential solar in the US and a 20% global decline in 2020. As a result, the solar and wind energy operators are in favor of extension on tax credit deadlines from the US government.

TABLE OF CONTENTS

1 Executive Summary

2 Scope of the Report

2.1 Market Definition

2.2 Scope of the Study

2.2.1 Research Objectives

2.2.2 Assumptions & Limitations

2.3 Markets Structure

3 Market Research Methodology

3.1 Research Process

3.2 Secondary Research

3.3 Primary Research

3.4 Forecast Model

4 Market Landscape

4.1 Porter’s Five Forces Analysis

4.1.1 Threat of New Entrants

4.1.2 Bargaining power of buyers

4.1.3 Threat of substitutes

4.1.4 Segment rivalry

4.2 Value Chain/Supply Chain of Global Smart Grid Market

5 Industry Overview of Global Smart Grid Market

5.1 Introduction

5.2 Growth Drivers

5.3 Impact analysis

5.4 Market Challenges

6 Market Trends

6.1 Introduction

6.2 Growth Trends

6.3 Impact analysis

7. Global Smart Grid Market by Components

7.1 Introduction

7.2 Hardware

7.2.1 AMI Meter

7.2.1.1 Market Estimates & Forecast, 2020–2027

7.2.1.2 Market Estimates & Forecast by Region, 2020–2027

7.2.2 Sensors

7.2.2.1 Market Estimates & Forecast, 2020–2027

7.2.2.2 Market Estimates & Forecast by Region, 2020–2027

7.2.3 Networking hardware

7.2.3.1 Market Estimates & Forecast, 2020–2027

7.2.3.2 Market Estimates & Forecast, by Region, 2020–2027

7.2.4 Programmable Logic Controller (PLC)

7.2.4.1 Market Estimates & Forecast, 2020–2027

7.2.4.2 Market Estimates & Forecast, by Region, 2020–2027

7.2.5 Others

7.2.5.1 Market Estimates & Forecast, 2020–2027

7.2.5.2 Market Estimates & Forecast, by Region, 2020–2027

7.3 Software

7.3.1 Advance Metering Infrastructure (AMI)

7.3.1.1 Market Estimates & Forecast, 2020–2027

7.3.1.2 Market Estimates & Forecast, by Region, 2020–2027

7.3.3 Smart Grid Distribution Management

7.3.3.1 Market Estimates & Forecast, 2020–2027

7.3.3.2 Market Estimates & Forecast, by Region, 2020–2027

7.3.3 Smart Grid Communication

7.3.3.1 Market Estimates & Forecast, 2020–2027

7.3.3.2 Market Estimates & Forecast, by Region, 2020–2027

7.3.4 Grid Asset Management

7.3.4.1 Market Estimates & Forecast, 2020–2027

7.3.4.2 Market Estimates & Forecast, by Region, 2020–2027

7.3.5 Substation Automation & Billing

7.3.5.1 Market Estimates & Forecast, 2020–2027

7.3.5.2 Market Estimates & Forecast, by Region, 2020–2027

7.3.5 Customer Information System

7.3.5.1 Market Estimates & Forecast, 2020–2027

7.3.5.2 Market Estimates & Forecast, by Region, 2020–2027

7.3.6 SCADA (Supervisory Control and Data Acquisition)

7.3.6.1 Market Estimates & Forecast, 2020–2027

7.3.6.2 Market Estimates & Forecast, by Region, 2020–2027

7.4 Services

7.3.1 Consulting

7.3.1.1 Market Estimates & Forecast, 2020–2027

7.3.1.2 Market Estimates & Forecast, by Region, 2020–2027

7.3.3 Deployment & Integration

7.3.3.1 Market Estimates & Forecast, 2020–2027

7.3.3.2 Market Estimates & Forecast, by Region, 2020–2027

7.3.3 Support & Maintenance

7.3.3.1 Market Estimates & Forecast, 2020–2027

7.3.3.2 Market Estimates & Forecast, by Region, 2020–2027

8. Global Smart Grid Market, by Technology

8.1 Introduction

8.2 Wired

8.2.1 Market Estimates & Forecast, 2020–2027

8.2.2 Market Estimates & Forecast, by Region, 2020–2027

8.3 Wireless

8.3.1 Market Estimates & Forecast, 2020–2027

8.3.2 Market Estimates & Forecast, by Region, 2020–2027

9. Global Smart Grid Market, by End-User

9.1 Introduction

9.2 Residential

9.2.1 Market Estimates & Forecast, 2020–2027

9.2.2 Market Estimates & Forecast, by Region, 2020–2027

9.3 Corporate

9.3.1 Market Estimates & Forecast, 2020–2027

9.3.2 Market Estimates & Forecast, by Region, 2020–2027

9.4 Government

9.4.1 Market Estimates & Forecast, 2020–2027

9.4.2 Market Estimates & Forecast, by Region, 2020–2027

10. Global Smart Grid Market, by Region

10.1 Introduction

10.2 North America

10.2.1 Market Estimates & Forecast, 2020–2027

10.2.2 Market Estimates & Forecast, by Components, 2020–2027

10.2.3 Market Estimates & Forecast, by Technology, 2020–2027

10.2.4 Market Estimates & Forecast, by End-User, 2020–2027

10.2.5 U.S.

10.2.5.1 Market Estimates & Forecast, 2020–2027

10.2.5.2 Market Estimates & Forecast, by Components, 2020–2027

10.2.5.3 Market Estimates & Forecast, by Technology, 2020–2027

10.2.5.4 Market Estimates & Forecast, by End-User, 2020–2027

10.2.6 Canada

10.2.6.1 Market Estimates & Forecast, 2020–2027

10.2.6.2 Market Estimates & Forecast, by Components, 2020–2027

10.2.6.3 Market Estimates & Forecast, by Technology, 2020–2027

10.2.6.4 Market Estimates & Forecast, by End-User, 2020–2027

10.2.7 Mexico

10.2.7.1 Market Estimates & Forecast, 2020–2027

10.2.7.2 Market Estimates & Forecast, by Components, 2020–2027

10.2.7.3 Market Estimates & Forecast, by Technology, 2020–2027

10.2.7.4 Market Estimates & Forecast, by End-User, 2020–2027

10.3 Europe

10.3.1 Market Estimates & Forecast, 2020–2027

10.3.2 Market Estimates & Forecast, by Components, 2020–2027

10.3.3 Market Estimates & Forecast, by Technology, 2020–2027

10.3.4 Market Estimates & Forecast, by End-User, 2020–2027

10.3.5 Germany

10.3.5.1 Market Estimates & Forecast, 2020–2027

10.3.5.2 Market Estimates & Forecast, by Components, 2020–2027

10.3.5.3 Market Estimates & Forecast, by Technology, 2020–2027

10.3.5.4 Market Estimates & Forecast, by End-User, 2020–2027

10.3.6 France

10.3.6.1 Market Estimates & Forecast, 2020–2027

10.3.6.2 Market Estimates & Forecast, by Components, 2020–2027

10.3.6.3 Market Estimates & Forecast, by Technology, 2020–2027

10.3.6.4 Market Estimates & Forecast, by End-User, 2020–2027

10.3.7 Italy

10.3.7.1 Market Estimates & Forecast, 2020–2027

10.3.7.2 Market Estimates & Forecast, by Components, 2020–2027

10.3.7.3 Market Estimates & Forecast, by Technology, 2020–2027

10.3.7.4 Market Estimates & Forecast, by End-User, 2020–2027

10.3.8 Spain

10.3.8.1 Market Estimates & Forecast, 2020–2027

10.3.8.2 Market Estimates & Forecast, by Components, 2020–2027

10.3.8.3 Market Estimates & Forecast, by Technology 2020–2027

10.3.8.4 Market Estimates & Forecast, by End-User, 2020–2027

10.3.9 U.K

10.3.9.1 Market Estimates & Forecast, 2020–2027

10.3.9.2 Market Estimates & Forecast, by Components, 2020–2027

10.3.9.3 Market Estimates & Forecast, by Technology, 2020–2027

10.3.9.4 Market Estimates & Forecast by End-User, 2020–2027

10.4 Asia Pacific

10.4.1 Market Estimates & Forecast, 2020–2027

10.4.2 Market Estimates & Forecast, by Components, 2020–2027

10.4.3 Market Estimates & Forecast, by Technology, 2020–2027

10.4.4 Market Estimates & Forecast, by End-User, 2020–2027

10.4.5 China

10.4.5.1 Market Estimates & Forecast, 2020–2027

10.4.5.2 Market Estimates & Forecast, by Components, 2020–2027

10.4.5.3 Market Estimates & Forecast, by Technology, 2020–2027

10.4.5.4 Market Estimates & Forecast, by End-User, 2020–2027

10.4.6 India

10.4.6.1 Market Estimates & Forecast, 2020–2027

10.4.6.2 Market Estimates & Forecast, by Components, 2020–2027

10.4.6.3 Market Estimates & Forecast, by Technology, 2020–2027

10.4.6.4 Market Estimates & Forecast, by End-User, 2020–2027

10.4.7 Japan

10.4.7.1 Market Estimates & Forecast, 2020–2027

10.4.7.2 Market Estimates & Forecast, by Components, 2020–2027

10.4.7.3 Market Estimates & Forecast, by Technology, 2020–2027

10.4.7.4 Market Estimates & Forecast, by End-User, 2020–2027

10.4.8 Rest of Asia Pacific

10.4.8.1 Market Estimates & Forecast, 2020–2027

10.4.8.2 Market Estimates & Forecast, by Components, 2020–2027

10.4.8.3 Market Estimates & Forecast, by Technology, 2020–2027

10.4.8.4 Market Estimates & Forecast, by End-User, 2020–2027

10.5 Rest of the World

10.5.1 Market Estimates & Forecast, 2020–2027

10.5.2 Market Estimates & Forecast, by Components, 2020–2027

10.5.3 Market Estimates & Forecast, by Technology, 2020–2027

10.5.4 Market Estimates & Forecast, by End-User, 2020–2027

10.5.5 Middle East & Africa

10.5.5.1 Market Estimates & Forecast, 2020–2027

10.5.5.2 Market Estimates & Forecast, by Components, 2020–2027

10.5.5.3 Market Estimates & Forecast, by Technology, 2020–2027

10.5.5.4 Market Estimates & Forecast, by End-User, 2020–2027

10.5.6 Latin America

10.5.6.1 Market Estimates & Forecast, 2020–2027

10.5.6.2 Market Estimates & Forecast, by Components, 2020–2027

10.5.6.3 Market Estimates & Forecast, by Technology, 2020–2027

10.5.6.4 Market Estimates & Forecast, by End-User, 2020–2027

11. Company Landscape

12. Company Profiles

12.1 General Electric Company

12.1.1 Company Overview

12.1.2 Product/Business Segment Overview

12.1.3 Financial Updates

12.1.4 Key Developments

12.2 ABB Ltd.

12.2.1 Company Overview

12.2.2 Product/Business Segment Overview

12.2.3 Financial Updates

12.2.4 Key Developments

12.3 Siemens AG

12.3.1 Company Overview

12.3.2 Product/Business Segment Overview

12.3.3 Financial Updates

12.3.4 Key Developments

12.4 Schneider Electric SA

12.4.1 Company Overview

12.4.2 Product/Business Segment Overview

12.4.3 Financial Updates

12.4.4 Key Developments

12.5 Landis+Gyr

12.5.1 Company Overview

12.5.2 Product/Business Segment Overview

12.5.3 Financial Updates

12.5.4 Key Developments

12.6 Aclara Technologies LLC

12.6.1 Company Overview

12.6.2 Product/Business Segment Overview

12.6.3 Financial Updates

12.6.4 Key Developments

12.7 Cisco Systems, Inc.

12.7.1 Company Overview

12.7.2 Product/Business Segment Overview

12.7.3 Financial Updates

12.7.4 Key Developments

12.8 Open Systems International, Inc.

12.8.1 Company Overview

12.8.2 Product/Business Segment Overview

12.8.3 Financial Updates

12.8.4 Key Developments

12.9 IBM Corporation

12.9.1 Company Overview

12.9.2 Product/Business Segment Overview

12.9.3 Financial Updates

12.9.4 Key Developments

12.10 Wipro Ltd.

12.10.1 Company Overview

12.10.2 Product/Business Segment Overview

12.10.3 Financial Updates

12.10.4 Key Developments

12.11 Oracle Corporation

12.11.1 Company Overview

12.11.2 Product/Business Segment Overview

12.11.3 Financial Updates

12.11.4 Key Developments

13 Conclusion

LIST OF TABLES

Table 1 Global Smart Grid Industry, by Region, 2020–2027

Table 2 North America: Smart Grid Industry, by Country, 2020–2027

Table 3 Europe: Smart Grid Industry, by Country, 2020–2027

Table 4 Asia Pacific: Smart Grid Industry, by Country, 2020–2027

Table 5 The Middle East & Africa: Smart Grid Industry, by Country, 2020–2027

Table 6 Latin America: Smart Grid Industry, by Country, 2020–2027

Table 7 Global Smart Grid Type Market, by Region, 2020–2027

Table 8 North America: Smart Grid Type Market, by Country, 2020–2027

Table 9 Europe: Smart Grid Type Market, by Country, 2020–2027

Table10 Asia Pacific: Smart Grid Type Market, by Country, 2020–2027

Table11 The Middle East & Africa: Smart Grid Type Market, by Country, 2020–2027

Table12 Latin America: Smart Grid Type Market, by Country, 2020–2027

Table13 Global Smart Grid Technology Market, by Region, 2020–2027

Table14 North America: Smart Grid Technology Market, by Country, 2020–2027

Table15 Europe: Smart Grid Technology Market, by Country, 2020–2027

Table16 Asia Pacific: Smart Grid Technology Market, by Country, 2020–2027

Table17 The Middle East & Africa: Smart Grid Technology Market, by Country, 2020–2027

Table18 Latin America: Smart Grid Technology Market, by Country, 2020–2027

Table19 Global Smart Grid End-User Market, by Region, 2020–2027

Table20 North America: Smart Grid End-User Market, by Country, 2020–2027

Table21 Europe: Smart Grid End-User Market, by Country, 2020–2027

Table22 Asia Pacific: Smart Grid End-User Market, by Country, 2020–2027

Table23 The Middle East & Africa: Smart Grid End-User Market, by Country, 2020–2027

Table24 Latin America: Smart Grid End-User Market, by Country, 2020–2027

Table25 Global Type Market, by Region, 2020–2027

Table26 Global Technology Market, by Region, 2020–2027

Table27 Global End-User Market, by Region, 2020–2027

Table28 North America: Smart Grid Industry, by Country

Table29 North America: Smart Grid Industry, by Type

Table30 North America: Smart Grid Industry, by Technology

Table31 North America: Smart Grid Industry, by End-User

Table32 Europe: Smart Grid Industry, by Country

Table33 Europe: Smart Grid Industry, by Type

Table34 Europe: Smart Grid Industry, by Technology

Table 35 Europe: Smart Grid Industry, by End-User

Table36 Asia Pacific: Smart Grid Industry, by Country

Table37 Asia Pacific: Smart Grid Industry, by Type

Table38 Asia Pacific: Smart Grid Industry, by Technology

Table 39 Asia Pacific: Smart Grid Industry, by End-User

Table40 The Middle East & Africa: Smart Grid Industry, by Country

Table41 The Middle East & Africa: Smart Grid Industry, by Type

Table42 The Middle East & Africa: Smart Grid Industry, by Technology

Table43 The Middle East & Africa: Smart Grid Industry, by End-User

Table44 Latin America: Smart Grid Industry, by Country

Table45 Latin America: Smart Grid Industry, by Type

Table46 Latin America: Smart Grid Industry, by Technology

Table47 Latin America: Smart Grid Industry, by End-User

LIST OF FIGURES

FIGURE 1 Global Smart Grid Market Segmentation

FIGURE 2 Forecast Methodology

FIGURE 3 Porter’s Five Forces Analysis of Global Smart Grid Market

FIGURE 4 Value Chain of Global Smart Grid Market

FIGURE 5 Share of Global Smart Grid Market in 2020, by Country (in %)

FIGURE 6 Global Smart Grid Market, 2020–2027

FIGURE 7 Sub-segments of Type

FIGURE 8 Global Smart Grid Market Size, by Type, 2020

FIGURE 9 Share of Global Smart Grid Market, by Type, 2020 to 2027

FIGURE 10 Global Smart Grid Market Size, by Technology, 2020

FIGURE 11 Share of Global Smart Grid Market, by Technology, 2020 to 2027

FIGURE 12 Global Smart Grid Market Size, by End-User, 2020 to 2027

FIGURE 13 Share of Global Smart Grid Market, by End-User, 2020 to 2027