Smart Grid Market Business Scenario Analysis By Global Industry Trend, Share, Sales Revenue, Growth Rate and Opportunity Assessment till 2027

nikhil.morankar

The global Smart Grid Market will be worth USD 122.97 Billion by 2027, according to a current analysis by Emergen Research. The growth of this market can be attributed to the increasing initiatives of the government to adopt renewable sources of energy and reduce the carbon dioxide emission levels. Besides, the increasing supportive policies and regulations of the government regarding the adoption of the smart grid technologies is expected to boost the market growth over the forecast period.

In October 2019, ABB completely acquired a majority stake in Chargedot Shanghai New Energy Technology Co., Ltd. The Shanghai-based company provides AC and DC charging stations. The acquisition strengthened the relationship between leading Chinese EV manufacturers and ABB.

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Key Highlights From The Report

  • The Smart Grid distribution Management segment held the largest market share of 41.0% in the year 2019 as it can optimize the renewal energy distribution while minimizing the electricity bills for the customers.
  • The Deployment and Integration segment is forecasted to grow with the fastest CAGR of 20.6% over the forecast period due to the increasing requirement in the technological advancements of the traditional power systems.
  • The Commercial segment accounted for the largest market share in 2019 due to the increasing adoption of the advanced metering infrastructure by the commercial segment.
  • Key participants include ABB, General Electric, Siemens, Itron, Aclara, Schneider Electric, Cisco, S & C Electric Company, Oracle, and IBM, among others.

Market Segmentation:

Emergen Research has segmented the global Smart Grid Market on the basis of Technology, Services, End User, and region:

  • Technology Outlook (Revenue, USD Billion; 2017-2027)
    • Smart Grid Distribution Management
    • Advanced Metering Infrastructure
    • Smart Grid Network Management
    • Smart Grid Security
    • Others
  • Services Outlook (Revenue, USD Billion; 2017-2027)
    • Deployment and Integration
    • Consulting
    • Support and maintenance
  • End User Outlook (Revenue, USD Billion; 2017-2027)
    • Commercial
    • Industrial
    • Residential

Regional Analysis:

The global Smart Grid market consists of various significant regional segments. Under this section of the report, the product demand, output, and estimated revenue share of each region have been ascertained. The most prominent regions dictating the global market include:

  • North America (U.S., Canada, Mexico)
  • South America (Brazil, Argentina, Ecuador, Chile)
  • Europe (U.K., Germany, France, Italy)
  • Asia Pacific (China, Japan, India, Korea)
  • Middle East &Africa (Egypt, Turkey, Saudi Arabia, Iran)

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Key Features of the Report:

  • Comprehensive assessment of the COVID-19 impact on the growth of the Smart Grid market
  • Strategic recommendations to the key players and new entrants
  • Value chain analysis and pricing analysis of the Smart Grid market
  • Country-wise and region wise assessment of the market growth and market size
  • Growth forecast and revenue estimation of the Smart Grid market
  • Detailed assessment of key market drivers, restraints, growth prospects, and limitations
  • 8-year forecast of the global Smart Grid market

Table Of Content:

Chapter 1. Methodology & Sources
1.1. Market Definition
1.2. Research Scope
1.3. Methodology
1.4. Research Sources
1.4.1. Primary
1.4.2. Secondary
1.4.3. Paid Sources
1.5. Market Estimation Technique
Chapter 2. Executive Summary
2.1. Summary Snapshot, 2019-2027
Chapter 3. Key Insights
Chapter 4. Smart Grid Market Segmentation & Impact Analysis
4.1. Smart Grid Market Material Segmentation Analysis
4.2. Industrial Outlook
4.2.1. Market indicators analysis
4.2.2. Market drivers analysis
4.2.2.1. Aging power distribution Infrastructures
4.2.2.2. Lower energy prices
4.2.2.3. Increasing investments in the technological developments of the smart grid infrastructure
4.2.2.4. Supportive government regulations and policies
4.2.2.5. Growing awareness regarding increasing carbon dioxide emission levels
4.2.3. Market restraints analysis
4.2.3.1. Low accessibility to electricity in the developing nations
4.2.3.2. High Installation costs of the Smart grid technology
4.2.3.3. Lack of data security and privacy policies
4.2.3.4. Present challenging economic conditions due to the pandemic
4.3. Technological Insights
4.4. Regulatory Framework
4.5. Porter’s Five Forces Analysis
4.6. Competitive Metric Space Analysis
4.7. Price trend Analysis
4.8. Covid-19 Impact Analysis

Chapter 5. Smart Grid Market By Technology Insights & Trends, Revenue (USD Million), Volume (Kilo Tons)
5.1. Technology Dynamics & Market Share, 2019 & 2027
5.1.1. Smart Grid Distribution Management
5.1.2. Advanced Metering Infrastructure
5.1.3. Smart Grid Network Management
5.1.4. Smart Grid Security
5.1.5. Others

Chapter 6. Smart Grid Market By Services Insights & Trends Revenue (USD Million), Volume (Kilo Tons)
6.1. Services Dynamics & Market Share, 2019 & 2027
6.1.1. Deployment and Integration
6.1.2. Consulting
6.1.3. Support and maintenance

Chapter 7. Smart Grid Market By End User Insights & Trends Revenue (USD Million), Volume (Kilo Tons)
7.1. End User Dynamics & Market Share, 2019 & 2027
7.1.1. Commercial
7.1.2. Industrial
7.1.3. Residential

Continued…!

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