Product Code: RP-ID-10079021 |
Published Date: 21 Oct 2022 |
Region: NA |
Category: Energy & Power |
Report ID: 10079021
Market Overview:
Forecast 2018 – 2025 | Smart Grid Industry By Top Key Players (ALSTOM, Aclara Technologies LLC., General Electric Company) By Software(Substation Automation, Grid Asset Management) and By Service(Maintenance & Support, Consulting, Deployment & Integration) - Global Opportunity and Current Growth Analysis
Global was valued at USD 20.49 Billion in the year 2017. Global Smart Grid Industry is further estimated to grow at a CAGR of 18.83% from 2017 to reach USD 81.45 Billion by the year 2025. North America region holds the highest Industry share in 2016 and North America Industry is considered as the fastest growing Industry in the forecasted period. At a country level U.S, Canada, Mexico holds the highest Industry share in 2016 and it is projected to grow strongly in the coming years.
The major player in smart grid Industry are ALSTOM, Aclara Technologies LLC., General Electric Company, Schneider Electric SA, Oracle Corporation, ABB Ltd., Cisco Systems Inc., Siemens AG, Open Systems International Inc., Wipro Limited.
SWOT Analysis of Smart Grid Industry
Strength
Government Legislation and Policies
Weakness
Installation cost is higher
Opportunities
Enable Industry for electricity to flourish
Threats
Network communication is critical
The Global Smart Grid Industry is segmented by hardware, by software, and by services in the forecasted period. In Software segment, the major shares of the Industry come from Communication segment in Global Smart Grid Industry. As hardware and software come under communication and together create a mesh network. On the other hand, by hardware type, Sensors for Smart Grid Industry is expected to grow at highest CAGR during the year 2018-2025.
Global Smart Grid Industry Overview By Software
Smart Grid Distribution Management
Advanced Metering Infrastructure
Smart Grid Communication
Billing and Customer Information System
Substation Automation
Grid Asset Management
Global Smart Grid Industry Overview By Service
Maintenance & Support
Consulting
Deployment & Integration
Global Smart Grid Industry Overview By Hardware
Sensors
Programmable Logic Controller
Advanced Metering Infrastructure (AMI) Meter
Networking Hardware
Others
Global Smart Grid Industry Overview By Region
North America
• USA
• Canada
Europe
• Germany
• U.K.
• France
• Italy
• Rest of Europe
APAC
• China
• India
• Japan
• Rest of Asia-Pacific
RoW
• Latin America
• Middle East & Africa
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