Global Smart Grid Networking Market Research Report: by Hardware (Cables, Controllers, Routers, Smart Meter, Switches), by Software (Performance Monitoring, IP, Network Traffic, Network Configuration, Network Security), by Service – Forecast till 2027
ID: MRFR/ICT/3997-HCR | February 2021 | Region: Global | 100 pages
Market Synopsis of Smart Grid Networking Market
Market Scenario
The smart grid networking market isn’t just growing, it is accelerating. Rise in smart grid deployments is one major factor driving the growth of smart grid market. Also, increasing need for better energy management is another major factor responsible for driving the growth of smart grid networking market.
ABB Group, Cisco Systems, Inc., Mitsubishi Electric, Fujitsu, General Electric Company, Huawei Technologies Co. Ltd., Itron, and Schneider Electric are a few major players in the global smart grid networking market. Increasing deployment of smart grids will create opportunities for traditional energy and open market for new players. Also, the growing demand for process automation and increasing need for remote monitoring of applications is set to drive the growth of the smart grid networking market. Increasing traction of smart grid as a service applications is one major factor responsible for fueling the growth of global smart grid networking market.
The software segment in the smart grid networking market comprises of network performance monitoring management, IP address management, network traffic management, network device management, network configuration management, network security management, and others. The network performance monitoring management sub-segment of the global smart grid networking market is expected to grow at a significant rate during the forecast period. This is owing to the increasing demand for real time monitoring of power consumption and energy management. Also, the growing trend of adopting smart and enery efficienct management systems is one major factor driving the growth of smart grid networking market.
North America region holds the largest share of the market across the globe followed by Europe, and Asia Pacific region. The U.S. and Canada are dominating the North American market due to rising technological enhancements and growing adoption of artificial intelligence in the region. Moreover, the region has a well-established infrastructure, which allows faster implementation of advanced technologies. Additionally, the growing adoption of smart grid deployment is another major factor driving the growth of smart grid networking market in the region.
The global smart grid networking market is expected to grow at a CAGR of approximately 10% during the forecast period 2017-2023.
Global Smart Grid Networking Market
Source: MRFR Analysis
Key Players
Some of the prominent players in the global smart grid networking market are ABB Group (Switzerland), Cisco Systems, Inc. (U.S.), Mitsubishi Electric (Japan), Fujitsu (Japan), General Electric Company (U.S.), Huawei Technologies Co. Ltd. (China), Itron (U.S.), Schneider Electric SE (France), Siemens AG (Germany) and Trilliant Holdings, Inc. (U.S.) among others.
Segments
The global smart grid networking market is segmented by hardware, software and service. Based on hardware, the market is segmented into cables, controllers, routers, smart meter communication modules, switches and others. Based on software, the market is segmented into network performance monitoring management, IP address management, network traffic management, network device management, network configuration management, network security management and others. Based on service, the market is segmented into consulting, network planning, design and integration, network risk and security assessment, network maintenance & support, and others.
Regional Analysis
The global smart grid networking market is studied in Asia Pacific, North America, Europe, and Rest of the World. It has been observed that North America is estimated to account for the largest share of the market, whereas Asia Pacific is projected to grow at the fastest rate during the forecast period. The growth of the market in North America is attributed to technological advancements and increased adoption of smart grid networking applications across various industry verticals.
Intended Audience
- Technology Investors
- Research/Consultancy firms
- Government Bodies
- Smart Grid Manufacturers
- Smart Grid Network Providers
- Information Technology (IT) developers
- Consulting service providers
- Technology Providers
- System integrators
Frequently Asked Questions (FAQ) :
The software segment consists of network device management, network configuration management, IP address management, network performance monitoring management, network security management, network traffic management, and others.
The projected market growth rate in the years ahead is 10%.
Siemens AG (Germany), Schneider Electric SE (France), Mitsubishi Electric (Japan), Trilliant Holdings, Inc. (U.S.), General Electric Company (U.S.), ABB Group (Switzerland), Itron (U.S.), Fujitsu (Japan), Cisco Systems, Inc. (U.S.), Huawei Technologies Co. Ltd. (China), are the prominent companies in the global market.
By 2023, the market size can be USD 17 billion, as reported by MRFR.
The United States (U.S.) holds the majority of the North American market.
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 Networking Market
5 Industry Overview of Global Smart Grid Networking 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 Networking Market by Hardware
7.1 Introduction
7.2 Cables
7.2.1 Market Estimates & Forecast, 2020-2027
7.2.2 Market Estimates & Forecast by Region, 2020-2027
7.3 Controllers
7.3.1 Market Estimates & Forecast, 2020-2027
7.3.2 Market Estimates & Forecast by Region, 2020-2027
7.4 Routers
7.4.1 Market Estimates & Forecast, 2020-2027
7.4.2 Market Estimates & Forecast by Region, 2020-2027
7.5 Smart Meter Communication Modules
7.5.1 Market Estimates & Forecast, 2020-2027
7.5.2 Market Estimates & Forecast by Region, 2020-2027
7.6 Switches
7.6.1 Market Estimates & Forecast, 2020-2027
7.6.2 Market Estimates & Forecast by Region, 2020-2027
7.7 Others
7.7.1 Market Estimates & Forecast, 2020-2027
7.7.2 Market Estimates & Forecast by Region, 2020-2027
8. Global Smart Grid Networking Market by Software
8.1 Introduction
8.2 Network Performance Monitoring Management
8.2.1 Market Estimates & Forecast, 2020-2027
8.2.2 Market Estimates & Forecast by Region, 2020-2027
8.3 IP Address Management
8.3.1 Market Estimates & Forecast, 2020-2027
8.3.2 Market Estimates & Forecast by Region, 2020-2027
8.4 Network Traffic Management
8.4.1 Market Estimates & Forecast, 2020-2027
8.4.2 Market Estimates & Forecast by Region, 2020-2027
8.5 Network Device Management
8.5.1 Market Estimates & Forecast, 2020-2027
8.5.2 Market Estimates & Forecast by Region, 2020-2027
8.6 Network Configuration Management
8.6.1 Market Estimates & Forecast, 2020-2027
8.6.2 Market Estimates & Forecast by Region, 2020-2027
8.7 Network Security Management
8.7.1 Market Estimates & Forecast, 2020-2027
8.7.2 Market Estimates & Forecast by Region, 2020-2027
8.8 Others
8.8.1 Market Estimates & Forecast, 2020-2027
8.8.2 Market Estimates & Forecast by Region, 2020-2027
9. Global Smart Grid Networking Market by Service
9.1 Introduction
9.2 Consulting
9.2.1 Market Estimates & Forecast, 2020-2027
9.2.2 Market Estimates & Forecast by Region, 2020-2027
9.3 Network Planning
9.3.1 Market Estimates & Forecast, 2020-2027
9.3.2 Market Estimates & Forecast by Region, 2020-2027
9.4 Design & Integration
9.4.1 Market Estimates & Forecast, 2020-2027
9.4.2 Market Estimates & Forecast by Region, 2020-2027
9.5 Network Risk & Security Assessment
9.5.1 Market Estimates & Forecast, 2020-2027
9.5.2 Market Estimates & Forecast by Region, 2020-2027
9.6 Network Maintenance & Support
9.6.1 Market Estimates & Forecast, 2020-2027
9.6.2 Market Estimates & Forecast by Region, 2020-2027
9.7 Others
9.7.1 Market Estimates & Forecast, 2020-2027
9.7.2 Market Estimates & Forecast by Region, 2020-2027
10. Global Smart Grid Networking 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 Hardware, 2020-2027
10.2.3 Market Estimates & Forecast by Software, 2020-2027
10.2.4 Market Estimates & Forecast by Service, 2020-2027
10.2.5 U.S.
10.2.5.1 Market Estimates & Forecast, 2020-2027
10.2.5.2 Market Estimates & Forecast by Hardware, 2020-2027
10.2.5.3 Market Estimates & Forecast by Software, 2020-2027
10.2.5.4 Market Estimates & Forecast by Service, 2020-2027
10.2.6 Canada
10.2.6.1 Market Estimates & Forecast, 2020-2027
10.2.6.2 Market Estimates & Forecast by Hardware, 2020-2027
10.2.6.3 Market Estimates & Forecast by Software, 2020-2027
10.2.6.4 Market Estimates & Forecast by Service, 2020-2027
10.2.7 Mexico
10.2.7.1 Market Estimates & Forecast, 2020-2027
10.2.7.2 Market Estimates & Forecast by Hardware, 2020-2027
10.2.7.3 Market Estimates & Forecast by Software, 2020-2027
10.2.7.4 Market Estimates & Forecast by Service, 2020-2027
10.3 Europe
10.3.1 Market Estimates & Forecast, 2020-2027
10.3.2 Market Estimates & Forecast by Hardware, 2020-2027
10.3.3 Market Estimates & Forecast by Software, 2020-2027
10.3.4 Market Estimates & Forecast by Service, 2020-2027
10.3.5 Germany
10.3.5.1 Market Estimates & Forecast, 2020-2027
10.3.5.2 Market Estimates & Forecast by Hardware, 2020-2027
10.3.5.3 Market Estimates & Forecast by Software, 2020-2027
10.3.5.4 Market Estimates & Forecast by Service, 2020-2027
10.3.6 France
10.3.6.1 Market Estimates & Forecast, 2020-2027
10.3.6.2 Market Estimates & Forecast by Hardware, 2020-2027
10.3.6.3 Market Estimates & Forecast by Software, 2020-2027
10.3.6.4 Market Estimates & Forecast by Service, 2020-2027
10.3.7 Italy
10.3.7.1 Market Estimates & Forecast, 2020-2027
10.3.7.2 Market Estimates & Forecast by Hardware, 2020-2027
10.3.7.3 Market Estimates & Forecast by Software, 2020-2027
10.3.7.4 Market Estimates & Forecast by Service, 2020-2027
10.3.8 Spain
10.3.8.1 Market Estimates & Forecast, 2020-2027
10.3.8.2 Market Estimates & Forecast by Hardware, 2020-2027
10.3.8.3 Market Estimates & Forecast by Software 2020-2027
10.3.8.4 Market Estimates & Forecast by Service, 2020-2027
10.3.9 U.K
10.3.9.1 Market Estimates & Forecast, 2020-2027
10.3.9.2 Market Estimates & Forecast by Hardware, 2020-2027
10.3.9.3 Market Estimates & Forecast by Software, 2020-2027
10.3.9.4 Market Estimates & Forecast by Service, 2020-2027
10.4 Asia Pacific
10.4.1 Market Estimates & Forecast, 2020-2027
10.4.2 Market Estimates & Forecast by Hardware, 2020-2027
10.4.3 Market Estimates & Forecast by Software, 2020-2027
10.4.4 Market Estimates & Forecast by Service, 2020-2027
10.4.5 China
10.4.5.1 Market Estimates & Forecast, 2020-2027
10.4.5.2 Market Estimates & Forecast by Hardware, 2020-2027
10.4.5.3 Market Estimates & Forecast by Software, 2020-2027
10.4.5.4 Market Estimates & Forecast by Service, 2020-2027
10.4.6 India
10.4.6.1 Market Estimates & Forecast, 2020-2027
10.4.6.2 Market Estimates & Forecast by Hardware, 2020-2027
10.4.6.3 Market Estimates & Forecast by Software, 2020-2027
10.4.6.4 Market Estimates & Forecast by Service, 2020-2027
10.4.7 Japan
10.4.7.1 Market Estimates & Forecast, 2020-2027
10.4.7.2 Market Estimates & Forecast by Hardware, 2020-2027
10.4.7.3 Market Estimates & Forecast by Software, 2020-2027
10.4.7.4 Market Estimates & Forecast by Service, 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 Hardware, 2020-2027
10.4.8.3 Market Estimates & Forecast by Software, 2020-2027
10.4.8.4 Market Estimates & Forecast by Service, 2020-2027
10.5 Rest of the World
10.5.1 Market Estimates & Forecast, 2020-2027
10.5.2 Market Estimates & Forecast by Hardware, 2020-2027
10.5.3 Market Estimates & Forecast by Software, 2020-2027
10.5.4 Market Estimates & Forecast by Service, 2020-2027
10.5.5 The The Middle East & Africa
10.5.5.1 Market Estimates & Forecast, 2020-2027
10.5.5.2 Market Estimates & Forecast by Hardware, 2020-2027
10.5.5.3 Market Estimates & Forecast by Software, 2020-2027
10.5.5.4 Market Estimates & Forecast by Service, 2020-2027
10.5.6 Latin America
10.5.6.1 Market Estimates & Forecast, 2020-2027
10.5.6.2 Market Estimates & Forecast by Hardware, 2020-2027
10.5.6.3 Market Estimates & Forecast by Software, 2020-2027
10.5.6.4 Market Estimates & Forecast by Service, 2020-2027
11. Company Landscape
12. Company Profiles
12.1 ABB Group
12.1.1 Company Overview
12.1.2 Product/Business Segment Overview
12.1.3 Financial Updates
12.1.4 Key Developments
12.2 Cisco Systems, Inc.
12.2.1 Company Overview
12.2.2 Product/Business Segment Overview
12.2.3 Financial Updates
12.2.4 Key Developments
12.3 Mitsubishi Electric
12.3.1 Company Overview
12.3.2 Product/Business Segment Overview
12.3.3 Financial Updates
12.3.4 Key Developments
12.4 Fujitsu
12.4.1 Company Overview
12.4.2 Product/Business Segment Overview
12.4.3 Financial Updates
12.4.4 Key Developments
12.5 General Electric Company
12.5.1 Company Overview
12.5.2 Product/Business Segment Overview
12.5.3 Financial Updates
12.5.4 Key Developments
12.6 Huawei Technologies Co. Ltd.
12.6.1 Company Overview
12.6.2 Product/Business Segment Overview
12.6.3 Financial Updates
12.6.4 Key Developments
12.7 Itron
12.7.1 Company Overview
12.7.2 Product/Business Segment Overview
12.7.3 Financial Updates
12.7.4 Key Developments
12.8 Schneider Electric SE
12.8.1 Company Overview
12.8.2 Product/Business Segment Overview
12.8.3 Financial Updates
12.8.4 Key Developments
12.9 Siemens AG
12.9.1 Company Overview
12.9.2 Product/Business Segment Overview
12.9.3 Financial Updates
12.9.4 Key Developments
12.10 Trilliant Holdings, Inc.
12.10.1 Company Overview
12.10.2 Product/Business Segment Overview
12.10.3 Financial Updates
12.10.4 Key Developments
13 Conclusion
LIST OF TABLES
Table 1 Global Smart Grid Networking Market: By Region, 2020-2027
Table 2 North America Smart Grid Networking Market: By Country, 2020-2027
Table 3 Europe Smart Grid Networking Market: By Country, 2020-2027
Table 4 Asia-Pacific Smart Grid Networking Market: By Country, 2020-2027
Table 5 The Middle East & Africa Smart Grid Networking Market: By Country, 2020-2027
Table 6 Latin America Smart Grid Networking Market: By Country, 2020-2027
Table 7 Global Smart Grid Networking by Hardware Market: By Regions, 2020-2027
Table 8 North America Smart Grid Networking by Hardware Market: By Country, 2020-2027
Table 9 Europe Smart Grid Networking by Hardware Market: By Country, 2020-2027
Table10 Asia-Pacific Smart Grid Networking by Hardware Market: By Country, 2020-2027
Table11 The Middle East & Africa Smart Grid Networking by Hardware Market: By Country, 2020-2027
Table12 Latin America Smart Grid Networking by Hardware Market: By Country, 2020-2027
Table13 Global Smart Grid Networking by Software Market: By Regions, 2020-2027
Table14 North America Smart Grid Networking by Software Market: By Country, 2020-2027
Table15 Europe Smart Grid Networking by Software Market: By Country, 2020-2027
Table16 Asia-Pacific Smart Grid Networking by Software Market: By Country, 2020-2027
Table17 The Middle East & Africa Smart Grid Networking by Software Market: By Country, 2020-2027
Table18 Latin America Smart Grid Networking by Software Market: By Country, 2020-2027
Table19 Global Smart Grid Networking by Service Market: By Regions, 2020-2027
Table20 North America Smart Grid Networking by Service Market: By Country, 2020-2027
Table21 Europe Smart Grid Networking by Service Market: By Country, 2020-2027
Table22 Asia-Pacific Smart Grid Networking by Service Market: By Country, 2020-2027
Table23 The Middle East & Africa Smart Grid Networking by Service Market: By Country, 2020-2027
Table24 Latin America Smart Grid Networking by Service Market: By Country, 2020-2027
Table25 Global Hardware Market: By Region, 2020-2027
Table26 Global Software Market: By Region, 2020-2027
Table27 Global Service Market: By Region, 2020-2027
Table28 North America Smart Grid Networking Market, By Country
Table29 North America Smart Grid Networking Market, By Hardware
Table30 North America Smart Grid Networking Market, By Software
Table31 North America Smart Grid Networking Market, By Service
Table32 Europe: Smart Grid Networking Market, By Country
Table33 Europe: Smart Grid Networking Market, By Hardware
Table34 Europe: Smart Grid Networking Market, By Software
Table 35 Europe: Smart Grid Networking Market, By Service
Table36 Asia-Pacific: Smart Grid Networking Market, By Country
Table37 Asia-Pacific: Smart Grid Networking Market, By Hardware
Table38 Asia-Pacific: Smart Grid Networking Market, By Software
Table 39 Asia-Pacific: Smart Grid Networking Market, By Service
Table40 The Middle East & Africa: Smart Grid Networking Market, By Country
Table41 The Middle East & Africa Smart Grid Networking Market, By Hardware
Table42 The Middle East & Africa Smart Grid Networking Market, By Software
Table43 The Middle East & Africa: Smart Grid Networking Market, By Service
Table44 Latin America: Smart Grid Networking Market, By Country
Table45 Latin America Smart Grid Networking Market, By Hardware
Table46 Latin America Smart Grid Networking Market, By Software
Table47 Latin America: Smart Grid Networking Market, By Service
LIST OF FIGURES
FIGURE 1 Global Smart Grid Networking Market Segmentation
FIGURE 2 Forecast Methodology
FIGURE 3 Five Forces Analysis of Global Smart Grid Networking Market
FIGURE 4 Value Chain of Global Smart Grid Networking Market
FIGURE 5 Share of Global Smart Grid Networking Market in 2020, by country (in %)
FIGURE 6 Global Smart Grid Networking Market, 2020-2027,
FIGURE 7 Sub segments of Hardware
FIGURE 8 Global Smart Grid Networking Market size by Hardware, 2020
FIGURE 9 Share of Global Smart Grid Networking Market by Hardware, 2020 TO 2027
FIGURE 10 Global Smart Grid Networking Market size by Software, 2020
FIGURE 11 Share of Global Smart Grid Networking Market by Software, 2020 TO 2027
FIGURE 12 Global Smart Grid Networking Market size by Service, 2020 TO 2027
FIGURE 13 Share of Global Smart Grid Networking Market by Service, 2020 TO 2027
