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Smart Grid Market: Global Industry Analysis, Trends, Market Size and Forecasts up to 2024

Smart Grid Market: Global Industry Analysis, Trends, Market Size and Forecasts up to 2024

  • August 2018
  • 100 pages
  • ID: 5566923
  • Format: PDF
  • By Infinium

Summary

Table of Contents

The report on global smart grid market provides qualitative and quantitative analysis for the period of 2016 to 2024.

The report predicts the global smart grid market to grow with a CAGR of 17.5% over the forecast period of 2018-2024. The study on smart grid market covers the analysis of the leading geographies such as North America, Europe, Asia-Pacific and RoW for the period of 2016 to 2024.
The conventional electricity system may blackout due to the some electricity disturbances that can majorly affect banking, communications, traffic, and security systems. The smart grid system is able handle the electricity conflicts caused by the storms, earthquakes, large solar flares, and terrorist attacks by allow for automatic rerouting when equipment fails. For instance, The U.S. smart grid plant contains more than 9,200 electric generating units, having more than 1 million megawatts of generating capacity connected to more than 600,000 miles of transmission lines. The benefits offered by the smart grid over the conventional power supply system is the major factor facilitating the growth of the smart grids market worldwide. In addition, the smart grid technology allows customer-owned power generators to produce power when it is not available from utilities. The distribution generation facility provided by the smart grid technology helps hospitals, traffic light, police department and many other system to operate during the emergency situations.
The distribution power generation facility of smart grid is expected to boost the growth of smart grid market. The factors such as favorable government policies, growing Government initiatives for Smart Meter Roll-Outs and rising demand of integration of renewable energy are contributing in the growth of smart grid market. However, high setup cost and lack of expertise are the factors hampering the growth of smart grid market. Moreover, growing energy infrastructure and trending smart city projects are projected to create the many opportunities for the smart grid market in upcoming years.
Geographically, Asia Pacific is the largest and the fastest growing region in the smart grid market owing to the rapidly growing technological and infrastructure advancements in the energy sectors. The increasing adoption of smart meter in the Asia Pacific region is likely to boost the growth of smart grid market in this region.

The report on smart grid market is a comprehensive study and presentation of drivers, restraints, opportunities, demand factors, market size, forecasts, and trends in the global smart grid market over the period of 2016 to 2024. Moreover, the report is collective presentation of primary and secondary research findings.
Porter’s five forces model in the report provides insights into the competitive rivalry, supplier and buyer positions in the market and opportunities for the new entrants in the global smart grid market over the period of 2016 to 2024. Further, IGR- Growth Matrix given in the report brings an insight on the investment areas that existing or new market players can consider.

Research Methodology

A) Primary Research
Our primary research involves extensive interviews and analysis of the opinions provided by the primary respondents. The primary research starts with identifying and approaching the primary respondents, the primary respondents are approached through
1. Key Opinion Leaders associated with Infinium Global Research
2. Internal and External subject matter experts
3. Professionals and participants from LinkedIn, Hoovers, Factiva and Bloggers

Our primary research respondents typically include
1. Executives working with leading companies in the market under review
2. Product/brand/marketing managers
3. CXO level executives
4. Regional/zonal/ country managers
5. Vice President level executives.

B) Secondary Research
Secondary research involves extensive exploring through the secondary sources of information available in both public domain and paid sources. At Infinium Global Research, each research study is based on over 500 hours of secondary research accompanied by primary research. The information obtained through the secondary sources is validated through the crosscheck on various data sources.

The secondary sources of the data typically include
1. Company reports and publications
2. Government/institutional publications
3. Trade and associations journals
4. Databases such as WTO, OECD, World Bank, and among others.
5. Websites and publications by research agencies

Segment Covered
The global smart grid market is segmented on the basis of technology.

Global Smart Grid Market by Technology
- Advanced Metering Infrastructure
- Software And Hardware
- Communication Technologies
- Distribution Automation
- Transmission Upgrades
- Cyber Security

Company Profiles
- Siemens
- Schneider Electric
- Sensus
- Silver Spring Networks
- Aclara
- Alstom
- Landis+Gyr
- Itron

How this report delivers?
1. Comprehensive analysis of global as well as regional markets of smart grid market.
2. Complete coverage of all the segments in smart grid market to analyze the trends, developments in the global market and forecast of market size up to 2024.
3. Comprehensive analysis of the companies operating in global smart grid market. The company profile includes analysis of product portfolio, revenue, SWOT analysis and latest developments of the company.
4. IGR- Growth Matrix presents analysis of the product segments and geographies that market players should focus to invest, consolidate, expand and/or diversify.

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