info@masterfoxconsultinggroup.com
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.
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.
Reports Library
$
$
Quantitative IntelligenceTM
Price: USD $2,500
Chat with Our Consultant before you make your Purchasing Decision
Handpicked Topics
Master REPORTTM
Price: USD $4,500
"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
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
Need a Discount? Get in touch with us for a special pricing?
We can give you a competitive pricing solution as per your research requirements!