Order Now
Order Now
Order Now
Visit MCG's Reports' Library
Request a Free Report Sample
Buy It Now
Buy It Now
Buy It Now
 
 
 
Report Snapshots
Smart Grid Market- Competitive Analysis, Opportunity & Forecast, 2027

Global Smart Grid Market Size By Technology [Distribution & Network Automation, Smart T&D Equipment, AMI, Communication & Wireless Infrastructure, Consumer Interface], By Service [Deployment & Integration, Consulting, Support & Maintenance], By Deployment [Transmission, Generation, Distribution, End-use], By Region [North America, Europe, Asia Pacific, Middle East & Africa and Latin America], Forecast & Opportunities, 2020-2027

Market Overview

Global Smart Grid Market is expected to reach over USD 172 billion by 2027 due to growth in smart grid technology and the rising need for improving energy efficiency.

Smart grid technology refers to a self-sufficient electricity network system comprising of substations, transmission lines and transformers among others, used to deliver electricity from the power plant to homes. The smart grid operates on digital automation technology for control, monitoring, and analysis within the supply chain. It provides consumers with easy integration and reliable energy service. It has real-time monitoring of the electricity consumed and thereby ensures transparency in power infrastructures.

The growing need for renewable energy in the energy mix, favorable government policies, emerging digital technologies in the power sector to improve energy efficiency are major drivers of the growth of the smart grid market globally.

However, increasing cyber threats poses a challenge for the growth of the global smart grid market.

Market Segmentation 

Global Smart Grid Market can be categorized into Application, Temperature, End-user industry and region.

By Technology, Global Smart Grid Market can be categorized into Distribution & Network Automation, Smart T&D Equipment, AMI, Communication & Wireless Infrastructure, Consumer Interface. The Smart T&D Equipment segment is expected to grow significantly during the forecasted period of 2020-27 due to the increasing adoption of cloud computing technology.  

By Service, Global Smart Grid Market can be categorized into Deployment & Integration, Consulting, Support& Maintenance. The Consulting segment is expected to grow significantly during the forecasted period of 2020-27 due to unplanned power outages, restructuring of the existing electricity system to avoid losses and inaccuracy.

By Deployment, Global Smart Grid Market can be categorized into Transmission, Generation, Distribution, End-use.  The Transmission segment holds the largest market share due to grid optimization owing to controlling cost and technical losses. An increase in the adoption of smart systems such as home appliances and various digital devices is expected to propel the growth of the market. 

By Region, Global Smart Grid Market can be categorized into North America, Europe, Asia Pacific, Middle East & Africa, and Latin America.

Regional Analysis

Regionally, Europe Smart Grid Market holds the largest market share due to stringent policies and rising energy conservation initiatives by the government. Germany leads the European countries in terms of smart grid adoption. The country has heavily invested around USD 2 billion in smart grid technologies. Moreover, R&D activities in clean energy are likely to enhance the business opportunities for the smart grid market in Germany.    

North America Smart Grid market is expected to grow significantly during the forecasted period of 2020-27 due to rising natural disasters like wildfires, hurricanes have led to power outages. The smart grid is increasingly adopted due to unplanned power outages coupled with various government initiatives.  

Competitor Analysis

The key market players in Global Smart Grid Market are General Electric, Cisco Systems, Honeywell International, Itron Inc., International Business Machines Corporation (IBM), Oracle, Siemens, Schneider Electric, Tech Mahindra Limited, Wipro Limited.

Quantity
-
+
USD 4,500.00 $

Quantitative IntelligenceTM  

Price: USD $2,500

"FORECAST INTELLIGENCE"

For an Immidiate Free Consultation

Call Us: +91-98110 25630

info@masterfoxconsultinggroup.com

For an Immidiate Free Consultation

Call Us: +91-98110 25630

info@masterfoxconsultinggroup.com

For an Immidiate Free Consultation

Call Us: +91-98110 25630

info@masterfoxconsultinggroup.com

Contact Us for Any Report's Topic which You are Looking For

Handpicked Topics 

Master REPORTTM 

Price: USD $4,500

Related Reports

Extra Facilities You will get by Partnering with Us

CUSTOMIZATION 

On demand customization of 

scope of the report to meet 

you exact needs

TARGETED MARKET VIEW

Targeted market view to provide 

partinent information and save 

time of readers

ANALYST SUPPORT

Lifetime Client Support from our 

Analyst to get you complete satisfaction 

Qualitative IntelligenceTM 

Price: USD $2,500

Clientele: Focused for those clients' who are looking for both the quantitative and qualitative analysis Oriented report of any market or business challenges. 

Contents:

  • Detailed Executive Summary
  • Market Insights 
    • Value Chain analysis
    • Market drivers, challenges, opportunity analysis
    • Competitive analysis
    • Porters & PESTEL analysis
    • Pricing Analysis
  • Market Size & Forecast
    • By Region
    • By Product segments
  • Market Share
    • By Company (Competitors)

Clientele: Focused for those clients' who are looking for Data Oriented report of any market or business challenges. 

Contents:

  • Detailed Executive Summary
  • Global Market Size & Forecast
    • By Value ($ Million)
    • By Volume (Units, Kg, etc.)
  • Regional Market & Forecast (North America, Europe, Asia Pacific, Middle East, Africa, Latin America)
    • By Respective Countries of those regions
  • Market Size & Forecast by product segments 
  • Market Share & Trends
    • By Company (Competitors)
    • By Regions
    • By Product Segments
  • Pricing Analysis
    • By Region

Clientele: Focused for those clients' who are looking for analysis Oriented report of any market or business challenges. 

Contents:

  • Detailed Executive Summary
  • Market Drivers, Challenges, Oppertunity analysis 
  • Value chain analysis 
  • Pricing Analysis
  • Competitive Analysis
  • Market Potential Analysis
  • Cost Structure Analysis
  • Patent Analysis
  • Growth Potential Analysis
  • Porter's 5 Forces Analysis 
  • PESTEL analysis 
  • Other analysis as per the client requirement

MCG research team found that there is a gap occurring between client and market research companies to deliver the actionable insights and consulting reports. The expectations of clients are increasing due to the complex business dynamics. Clients expect actionable insights from market research companies, which can help them take quick informed business decisions. Insightful strategic reports delivered within stipulated timelines are becoming an increasing challenge for market research companies globally. To overcome those challenges, MCG came up with an unique report model, which is a smart and clever business strategic product offering to present any kind of critical business challenges and market insights with an interesting and actionable way. Depending on client's specific requirements and their expections, MCG generates three unique kind of Industry Reports

Our Hand Picked 

"Forecast Intelligence Report"

Qualitative IntelligenceTM 
              Price: $2,500   l
Quantitative IntelligenceTM 
              Price: $2,500  l
Master REPORTTM 
              Price: $4,500  l

Speak with an Analyst

 

 

 

Request us for the 

Table Of Content(ToC) / Queries

Why MCG's Report?

Product Offerings

WhatsApp:+91-9811025630
Cart