スマートグリッド市場

出版:MarketsandMarkets

スマートグリッド市場:コンポーネント(ソフトウェア、ハードウェア、サービス)、用途(生成、送電、配電、消費/最終用途)、通信技術(有線、無線)、地域 – 2026年までの世界予測

Smart Grid Market by Component (Software, Hardware, Services), Application (Generation, Transmission, Distribution, Consumption/End Use), Communication Technology (Wireline, Wireless), and Region – Global Forecast to 2026

出版 MarketsandMarkets
出版年月 2021年10月
ページ数 297
図表数 359
種別 英文調査報告書

レポート目次  お問合せ

The smart grid market is projected to reach USD 103.4 billion by 2026 from an estimated USD 43.1 billion in 2021, at a CAGR of 19.1% during the forecast period. Governments worldwide are undertaking many initiatives to meet the future electricity demands and focusing on reducing carbon footprint by promoting the use of renewable energy sources to produce energy. Increasing need of efficiency and stability of electric grid are expected to offer lucrative opportunities for the smart grid market during the forecast period. However, high installation costs of smart grid acts as a restraint for the installing the smart grid systems.
“The software segment by component is expected to grow at the highest CAGR from 2021 to 2026.”
Based on the component of smart grid systems, the software component is estimated to be the fastest-growing market from 2019 to 2026. The smart grid software helps ensure effective management of smart grid operations, improves process efficiency, and reduces energy production costs; hence, the segment captures the major market share.
“Distribution segment by application is expected to emerge as the largest segment for smart grid implementation”
The distribution segment, by application, is projected to hold the highest market share during the forecast period. Distribution substations isolate the faults in transmission systems. Distribution feeders transport power from the distribution substations to end users, serving many premises. Efficient distribution application helps in quicker restoration of electricity after power disturbances, reduces operations and management costs for utilities, and ultimately lowers the power costs for consumers.
“North America: The largest smart grid market”
North America is currently the largest smart grid market, followed by Europe and the APAC. US accounted for the maximum share of the North America market in 2020. It is also projected to grow at the highest CAGR from 2021 to 2026. One of the key reasons for the large market size is the early adoption of smart grid projects. The strong financial position of the US and Canada enables them to invest heavily in smart infrastructure platforms of the smart grid market.
Breakdown of Primaries:
In-depth interviews have been conducted with various key industry participants, subject-matter experts, C-level executives of key market players, and industry consultants, among other experts, to obtain and verify critical qualitative and quantitative information, as well as to assess future market prospects. The distribution of primary interviews is as follows:
By Company Type: Tier 1- 65%, Tier 2- 24%, and Tier 3- 11%
By Designation: C-Level- 30%, Director Level- 25%, and Others- 45%
By Region: Asia Pacific- 40%, North America- 25%, Europe- 20%, the Middle East & Africa- 10%, and South America- 5%
Note: Others includes sales managers, engineers, and regional managers.
Note: The tiers of the companies are defined on the basis of their total revenues as of 20120. Tier 1: > USD 1 billion, Tier 2: From USD 500 million to USD 1 billion, and Tier 3: < USD 500 million The leading players in the smart grid market include GE (US), ABB (Switzerland), Siemens (Germany), Schneider Electric (France), Itron (US). Research Coverage: The report defines, describes, and forecasts the global smart grid market, by component, by application, by communication technology, and region. It also offers a detailed qualitative and quantitative analysis of the market. The report provides a comprehensive review of the major market drivers, restraints, opportunities, and challenges. It also covers various important aspects of the market. These include an analysis of the competitive landscape, market dynamics, market estimates, in terms of value, and future trends in the smart grid market. Key Benefits of Buying the Report 1. The report identifies and addresses the key markets for smart grid, which would help smart grid manufacturers review the growth in demand. 2. The report helps system providers understand the pulse of the market and provides insights into drivers, restraints, opportunities, and challenges. 3. The report will help key players understand the strategies of their competitors better and help them in making better strategic decisions.


目次

1 INTRODUCTION 28
1.1 STUDY OBJECTIVES 28
1.2 MARKET DEFINITION 28
1.3 INCLUSIONS AND EXCLUSIONS 29
1.3.1 SMART GRID MARKET, BY COMPONENT 29
1.3.2 SMART GRID MARKET, BY APPLICATION 29
1.3.3 SMART GRID MARKET, BY COMMUNICATION TECHNOLOGY 29
1.4 STUDY SCOPE 30
1.4.1 MARKETS COVERED 30
1.4.2 GEOGRAPHIC SCOPE 31
1.4.3 YEARS CONSIDERED 31
1.5 CURRENCY 32
1.6 LIMITATIONS 32
1.7 STAKEHOLDERS 32
1.8 SUMMARY OF CHANGES 33
2 RESEARCH METHODOLOGY 34
2.1 RESEARCH DATA 34
FIGURE 1 SMART GRID MARKET: RESEARCH DESIGN 34
2.1.1 SECONDARY DATA 35
2.1.1.1 Key data from secondary sources 35
2.1.2 PRIMARY DATA 36
2.1.2.1 Key data from primary sources 36
2.1.2.2 Breakdown of primaries 37
FIGURE 2 BREAKDOWN OF PRIMARIES 37
2.2 MARKET BREAKDOWN AND DATA TRIANGULATION 38
FIGURE 3 DATA TRIANGULATION METHODOLOGY 38
2.3 MARKET SIZE ESTIMATION 39
2.3.1 BOTTOM-UP APPROACH 39
FIGURE 4 MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH 39
2.3.2 TOP-DOWN APPROACH 40
FIGURE 5 MARKET SIZE ESTIMATION METHODOLOGY: TOP-DOWN APPROACH 40
2.3.3 DEMAND-SIDE ANALYSIS 41
FIGURE 6 METRICS CONSIDERED TO ANALYZE AND ASSESS DEMAND FOR SMART GRIDS 41
2.3.3.1 Calculation for demand side 41
2.3.3.2 Assumptions for demand-side analysis 42

2.3.4 SUPPLY-SIDE ANALYSIS 42
FIGURE 7 METRICS CONSIDERED TO ASSESS SUPPLY SIDE OF SMART GRID MARKET 42
FIGURE 8 SMART GRID MARKET: SUPPLY-SIDE ANALYSIS 43
2.3.4.1 Supply-side calculation 43
2.3.4.2 Assumptions for supply-side analysis 43
2.3.5 FORECAST 43
3 EXECUTIVE SUMMARY 44
TABLE 1 SNAPSHOT OF SMART GRID MARKET 46
FIGURE 9 SOFTWARE SEGMENT TO ACCOUNT FOR LARGEST SHARE OF SMART GRID MARKET, BY COMPONENT, IN 2026 47
FIGURE 10 SMART GRID DISTRIBUTION MANAGEMENT SOFTWARE TO LEAD SMART GRID MARKET IN 2026 47
FIGURE 11 SMART METERS TO LEAD SMART GRID MARKET, BY HARDWARE, 2026 48
FIGURE 12 DEPLOYMENT AND INTEGRATION SERVICES TO DOMINATE SMART GRID MARKET IN 2026 48
FIGURE 13 DISTRIBUTION APPLICATION TO CONTINUE TO HOLD LARGEST SIZE OF SMART GRID MARKET THROUGHOUT FORECAST PERIOD 49
FIGURE 14 WIRELINE COMMUNICATION TECHNOLOGY TO ACCOUNT FOR LARGEST SIZE OF SMART GRID MARKET IN 2026 49
FIGURE 15 NORTH AMERICA ACCOUNTED FOR LARGEST SHARE OF SMART GRID MARKET IN 2020 50
4 PREMIUM INSIGHTS 51
4.1 ATTRACTIVE OPPORTUNITIES IN SMART GRID MARKET 51
FIGURE 16 MODERNIZATION OF AGING GRID INFRASTRUCTURE AND IMPLEMENTATION OF SMART METERS TO PROPEL SMART GRID MARKET GROWTH DURING 2021–2026 51
4.2 SMART GRID MARKET IN NORTH AMERICA, BY COMPONENT AND COUNTRY 52
FIGURE 17 US HELD LARGEST SHARE OF NORTH AMERICAN SMART GRID MARKET IN 2020 52
4.3 SMART GRID MARKET, BY COMPONENT 52
FIGURE 18 SOFTWARE COMPONENTS HELD LARGEST SHARE OF GLOBAL SMART GRID MARKET IN 2020 52
4.4 SMART GRID MARKET FOR SOFTWARE, BY TYPE 53
FIGURE 19 SMART GRID DISTRIBUTION MANAGEMENT SOFTWARE CAPTURED MAJOR MARKET SHARE IN 2020 53
4.5 SMART GRID MARKET FOR HARDWARE, BY TYPE 53
FIGURE 20 SMART METERS ACCOUNTED FOR LARGEST SHARE OF SMART GRID MARKET IN 2020 53
4.6 SMART GRID MARKET FOR SERVICES, BY TYPE 54
FIGURE 21 DEPLOYMENT AND INTEGRATION SERVICES HELD LARGEST SHARE OF SMART GRID MARKET IN 2020 54
4.7 SMART GRID MARKET, BY APPLICATION 54
FIGURE 22 DISTRIBUTION APPLICATION ACCOUNTED FOR LARGEST SHARE OF SMART GRID MARKET IN 2020 54
4.8 SMART GRID MARKET, BY COMMUNICATION TECHNOLOGY 55
FIGURE 23 WIRELINE COMMUNICATION TECHNOLOGY ACCOUNTED FOR LARGEST SHARE OF SMART GRID MARKET IN 2020 55
4.9 SMART GRID MARKET, BY REGION 55
FIGURE 24 ASIA PACIFIC TO RECORD HIGHEST CAGR IN SMART GRID MARKET DURING FORECAST PERIOD 55
5 MARKET OVERVIEW 56
5.1 INTRODUCTION 56
5.2 COVID-19 HEALTH ASSESSMENT 56
FIGURE 25 COVID-19 GLOBAL PROPAGATION 56
FIGURE 26 COVID-19 PROPAGATION IN SELECTED COUNTRIES 57
5.3 ROAD TO RECOVERY 58
FIGURE 27 RECOVERY ROAD FOR 2020 AND 2021 58
5.4 COVID-19 ECONOMIC ASSESSMENT 59
FIGURE 28 REVISED GDP FOR SELECT G20 COUNTRIES IN 2020 59
5.5 MARKET DYNAMICS 60
FIGURE 29 SMART GRID MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES,
AND CHALLENGES 60
5.5.1 DRIVERS 60
5.5.1.1 Supportive regulatory framework of governments worldwide to promote deployment of smart grids 60
FIGURE 30 SHARE OF DIGITAL GRID INFRASTRUCTURE IN GLOBAL ELECTRICITY INVESTMENT (2014–2019) 61
5.5.1.2 Improved grid reliability and efficient outage response 61
5.5.1.3 Increased awareness about carbon footprint management 62
FIGURE 31 GLOBAL ENERGY-RELATED CO2 EMISSIONS (1990–2050) 62
5.5.1.4 Strong focus on modernization of aging grid infrastructure 63
FIGURE 32 ICT (INFORMATION AND COMMUNICATION TECHN0LOGY) ELECTRICITY DEMAND 63
FIGURE 33 ELECTRICITY DEMAND BY NETWORK-ENABLED DEVICES 64
5.5.2 RESTRAINTS 64
5.5.2.1 High installation cost of smart grids 64
5.5.2.2 Low awareness of protocols and interoperability standards 65
5.5.3 OPPORTUNITIES 65
5.5.3.1 Creating opportunities for existing utility vendors and emerging players 65
5.5.3.2 Ongoing smart city projects in developing countries 65
5.5.3.3 Increasing inclination of automobile companies to manufacture electric vehicles based on V2G technology 66
FIGURE 34 WORLDWIDE EV SALES, MILLION UNITS, 2017–2020 66
5.5.3.4 Anticipated shift from on-premises to cloud-based systems 66

5.5.4 CHALLENGES 67
5.5.4.1 Proper storage and management of complex data generated by smart grid infrastructure 67
5.5.4.2 Cybersecurity and vulnerability issues faced by smart grid networks 67
FIGURE 35 ENTRY POINTS FOR CYBERATTACKS 68
5.5.4.3 Longer duration of return on investment for utility service providers 68
5.6 TRENDS 68
5.6.1 REVENUE SHIFT AND NEW REVENUE POCKETS FOR SMART GRID MANUFACTURERS 68
FIGURE 36 REVENUE SHIFT FOR SMART GRID 68
5.7 MARKET MAP 69
FIGURE 37 MARKET MAP FOR SMART GRID 69
TABLE 2 SMART GRID: SUPPLY CHAIN/ECOSYSTEM 70
5.8 VALUE CHAIN ANALYSIS 71
FIGURE 38 SMART GRID VALUE CHAIN ANALYSIS 71
5.8.1 RAW MATERIAL PROVIDERS/SUPPLIERS 71
5.8.2 SMART GRID MANUFACTURERS/ASSEMBLERS 71
5.8.3 DISTRIBUTORS (BUYERS)/END USERS 72
5.8.4 POST-SALES SERVICE PROVIDERS 72
5.9 TECHNOLOGY ANALYSIS 72
5.9.1 SMART GRIDS BASED ON DIFFERENT TECHNOLOGIES 72
TABLE 3 SMART GRID MARKET: LIST OF FEW TECHNOLOGIES AND THEIR APPLICATIONS 73
TABLE 4 MAJOR DIFFERENCES BETWEEN CONVENTIONAL POWER GRID AND
SMART GRID 74
5.10 SMART GRID: CODES AND REGULATIONS 74
TABLE 5 SMART GRID: CODES AND REGULATIONS 74
5.11 INNOVATION AND PATENT REGISTRATION 75
TABLE 6 SMART GRID: INNOVATION AND PATENT REGISTRATION 75
5.12 PORTER’S FIVE FORCES ANALYSIS 76
FIGURE 39 PORTER’S FIVE FORCES ANALYSIS FOR SMART GRID MARKET 76
TABLE 7 SMART GRID MARKET: PORTER’S FIVE FORCES ANALYSIS 76
5.12.1 THREAT OF SUBSTITUTES 76
5.12.2 BARGAINING POWER OF SUPPLIERS 77
5.12.3 BARGAINING POWER OF BUYERS 77
5.12.4 THREAT OF NEW ENTRANTS 77
5.12.5 INTENSITY OF COMPETITIVE RIVALRY 77
5.13 CASE STUDY ANALYSIS 78
5.13.1 STANDALONE/DECENTRALIZED MICROGRID PROVIDED BASIC ENERGY ACCESS TO ALL (INDIA) 78
5.13.2 TRILLIANT PROVIDED HYDRO ONE WITH SECUREMESH SOLUTION TO HARNESS BENEFITS OF SMART METERING AND DISTRIBUTION 78
5.13.3 SIEMENS PROVIDED TIA SOLUTIONS OF TESCO FOR WATER MANAGEMENT TO HOBBS 78
6 SMART GRID MARKET, BY COMPONENT 79
6.1 INTRODUCTION 80
FIGURE 40 SMART GRID MARKET SHARE FOR EACH COMPONENT, 2020 (%) 80
TABLE 8 SMART GRID MARKET, BY COMPONENT, 2019–2026 (USD MILLION) 81
6.2 SOFTWARE 81
FIGURE 41 SMART GRID MARKET SHARE FOR EACH SOFTWARE COMPONENT, 2020 (%) 81
TABLE 9 SMART GRID MARKET FOR SOFTWARE, BY TYPE, 2019–2026 (USD MILLION) 82
TABLE 10 SMART GRID MARKET FOR SOFTWARE, BY REGION, 2019–2026 (USD MILLION) 82
6.2.1 ADVANCED METERING INFRASTRUCTURE 83
6.2.1.1 Stringent regulations and mandates by legislative bodies to reduce energy consumption and increase energy efficiency boost demand
for AMI 83
TABLE 11 SMART GRID MARKET FOR ADVANCED METERING INFRASTRUCTURE,
BY REGION, 2019–2026 (USD MILLION) 83
6.2.2 SMART GRID DISTRIBUTION MANAGEMENT 84
6.2.2.1 High adoption of renewable energy sources and increased number of distributed renewable power generation plants augment need for Smart Grid Distribution Management software 84
TABLE 12 SMART GRID MARKET FOR SMART GRID DISTRIBUTION MANAGEMENT,
BY REGION, 2019–2026 (USD MILLION) 84
6.2.3 SMART GRID NETWORK MANAGEMENT 85
6.2.3.1 Increased use of renewable energy and limited capacity of traditional electricity grids to generate renewable energy stimulate demand for Smart Grid Network Management software 85
TABLE 13 SMART GRID MARKET FOR SMART GRID NETWORK MANAGEMENT,
BY REGION, 2019–2026 (USD MILLION) 85
6.2.4 GRID ASSET MANAGEMENT 86
6.2.4.1 Strong need to reduce failure and repair costs of grids spurs deployment of Grid Asset Management software 86
TABLE 14 SMART GRID MARKET FOR GRID ASSET MANAGEMENT, BY REGION,
2019–2026 (USD MILLION) 86
6.2.5 SUBSTATION AUTOMATION 87
6.2.5.1 Superior ability of Substation Automation software to recover power at faster rate and prevent blackouts in power systems triggers its adoption by smart grid system manufacturers 87
TABLE 15 SMART GRID MARKET FOR SUBSTATION AUTOMATION, BY REGION,
2019–2026 (USD MILLION) 87
6.2.6 SMART GRID SECURITY 88
6.2.6.1 Heightened threat of cyberattacks on smart grids creates need for Smart Grid Security software 88
TABLE 16 SMART GRID MARKET FOR SMART GRID SECURITY, BY REGION,
2019–2026 (USD MILLION) 88
6.2.7 BILLING AND CUSTOMER INFORMATION SYSTEM 88
6.2.7.1 Elevated demand for efficient billing and information collection capabilities encourages use of Billing and Customer Information System 88
TABLE 17 SMART GRID MARKET FOR BILLING AND CUSTOMER INFORMATION SYSTEM, BY REGION, 2019–2026 (USD MILLION) 89
6.3 HARDWARE 90
FIGURE 42 SMART GRID MARKET SHARE FOR EACH HARDWARE COMPONENT, 2020 (%) 90
TABLE 18 SMART GRID MARKET FOR HARDWARE COMPONENT, BY TYPE,
2019–2026 (USD MILLION) 90
TABLE 19 SMART GRID MARKET FOR HARDWARE, BY REGION,
2019–2026 (USD MILLION) 91
6.3.1 SMART METERS 91
6.3.1.1 High emphasis on energy savings by using energy-efficient appliances accelerates demand for smart meters 91
TABLE 20 SMART GRID MARKET FOR SMART METERS, BY REGION,
2019–2026 (USD MILLION) 92
6.3.2 SENSORS 92
6.3.2.1 Distinguished ability of sensors to identify risks well in advance promotes their use in smart grids 92
TABLE 21 SMART GRID MARKET FOR SENSORS, BY REGION,
2019–2026 (USD MILLION) 92
6.3.3 PROGRAMMABLE LOGIC CONTROLLERS 93
6.3.3.1 Rugged design of PLCs makes them suitable for repetitive tasks and improved communication bandwidth, enabling their use to make logic-based decisions 93
TABLE 22 SMART GRID MARKET FOR PROGRAMMABLE LOGIC CONTROLLERS,
BY REGION, 2019–2026 (USD MILLION) 93
6.3.4 OTHERS 94
TABLE 23 SMART GRID MARKET FOR OTHER HARDWARE COMPONENTS,
BY REGION, 2019–2026 (USD MILLION) 94
6.4 SERVICES 95
FIGURE 43 SMART GRID MARKET SHARE FOR EACH SERVICE TYPE, 2020 (%) 95
TABLE 24 SMART GRID MARKET FOR SERVICES, BY SERVICES TYPE,
2019–2026 (USD MILLION) 95
TABLE 25 SMART GRID MARKET FOR SERVICES, BY REGION,
2019–2026 (USD MILLION) 96
6.4.1 CONSULTING 96
6.4.1.1 Need to deliver maximum product assurance drives demand for consulting services 96
TABLE 26 SMART GRID MARKET FOR CONSULTING SERVICES, BY REGION,
2019–2026 (USD MILLION) 96
6.4.2 DEPLOYMENT AND INTEGRATION 97
6.4.2.1 Requirement to streamline operations of smart grid components boosts adoption of deployment and integration services 97
TABLE 27 SMART GRID MARKET FOR DEPLOYMENT AND INTEGRATION SERVICES,
BY REGION, 2019–2026 (USD MILLION) 97
6.4.3 SUPPORT AND MAINTENANCE 98
6.4.3.1 Necessity of support and maintenance services to ensure reduced downtime of operations and higher productivity of smart grids 98
TABLE 28 SMART GRID MARKET FOR SUPPORT AND MAINTENANCE SERVICES,
BY REGION, 2019–2026 (USD MILLION) 98
7 SMART GRID MARKET, BY APPLICATION 99
7.1 INTRODUCTION 100
FIGURE 44 SMART GRID MARKET, BY APPLICATION, 2020 (%) 100
TABLE 29 SMART GRID MARKET, BY APPLICATION, 2019–2026 (USD MILLION) 100
7.2 GENERATION 101
7.2.1 SMART GRIDS HELP POWER GENERATION RESOURCES TO OPTIMIZE ENERGY PRODUCTION 101
TABLE 30 SMART GRID MARKET FOR GENERATION APPLICATION, BY REGION,
2019–2026 (USD MILLION) 101
7.3 TRANSMISSION 102
7.3.1 EFFICIENT AUTOMATED TRANSMISSION NETWORK CARRIES POWER FROM BULK GENERATION FACILITIES TO POWER DISTRIBUTION SYSTEMS 102
TABLE 31 SMART GRID MARKET FOR TRANSMISSION APPLICATION, BY REGION,
2019–2026 (USD MILLION) 102
7.4 DISTRIBUTION 103
7.4.1 DISTRIBUTION SUBSTATIONS ARE LIKELY TO WITNESS HIGH DEMAND FROM NORTH AMERICA 103
TABLE 32 SMART GRID MARKET FOR DISTRIBUTION APPLICATION, BY REGION,
2019–2026 (USD MILLION) 103
7.5 CONSUMPTION 104
7.5.1 UNIVERSAL ACCEPTANCE OF ELECTRICAL APPLIANCES HAS LED TO INCREASING POWER CONSUMPTION 104
TABLE 33 SMART GRID MARKET FOR CONSUMPTION APPLICATION, BY REGION,
2019–2026 (USD MILLION) 104
8 SMART GRID MARKET, BY COMMUNICATION TECHNOLOGY 105
8.1 INTRODUCTION 106
FIGURE 45 SMART GRID MARKET, BY COMMUNICATION TECHNOLOGY, 2020 (%) 106
TABLE 34 SMART GRID MARKET, BY COMMUNICATION TECHNOLOGY,
2019–2026 (USD MILLION) 106
8.2 WIRELINE COMMUNICATION TECHNOLOGY 107
8.2.1 INCREASED NEED FOR EFFECTIVE COMMUNICATION TO DRIVE REQUIREMENT FOR WIRELINE COMMUNICATION TECHNOLOGY-BASED SMART GRIDS 107
TABLE 35 SMART GRID MARKET FOR WIRELINE COMMUNICATION TECHNOLOGY,
BY REGION, 2019–2026 (USD MILLION) 107
8.3 WIRELESS COMMUNICATION TECHNOLOGY 108
8.3.1 REDUCED MAINTENANCE COST AND EASY ACCESSIBILITY OF DATA FROM REMOTE LOCATIONS TO BOOST DEMAND FOR WIRELESS COMMUNICATION TECHNOLOGY-BASED SMART GRIDS 108
TABLE 36 SMART GRID MARKET FOR WIRELESS COMMUNICATION TECHNOLOGY,
BY REGION, 2019–2026 (USD MILLION) 108

9 GEOGRAPHIC ANALYSIS 109
9.1 INTRODUCTION 110
FIGURE 46 SMART GRID MARKET IN ASIA PACIFIC TO GROW AT HIGHEST CAGR
FROM 2021 TO 2026 110
FIGURE 47 SMART GRID MARKET SHARE FOR EACH REGION, 2020 (%) 111
TABLE 37 SMART GRID MARKET, BY REGION, 2019–2026 (USD MILLION) 111
9.2 NORTH AMERICA 112
FIGURE 48 NORTH AMERICA: SNAPSHOT, 2020 112
9.2.1 BY COMPONENT 113
TABLE 38 SMART GRID MARKET IN NORTH AMERICA, BY COMPONENT,
2019–2026 (USD MILLION) 113
TABLE 39 SMART GRID MARKET IN NORTH AMERICA FOR SOFTWARE, BY TYPE,
2019–2026 (USD MILLION) 113
TABLE 40 SMART GRID MARKET IN NORTH AMERICA FOR HARDWARE, BY TYPE,
2019–2026 (USD MILLION) 114
TABLE 41 SMART GRID MARKET IN NORTH AMERICA FOR SERVICES, BY TYPE,
2019–2026 (USD MILLION) 114
9.2.2 BY APPLICATION 114
TABLE 42 SMART GRID MARKET IN NORTH AMERICA, BY APPLICATION,
2019–2026 (USD MILLION) 114
9.2.3 BY COMMUNICATION TECHNOLOGY 115
TABLE 43 SMART GRID MARKET IN NORTH AMERICA, BY COMMUNICATION TECHNOLOGY, 2019–2026 (USD MILLION) 115
9.2.4 BY COUNTRY 115
TABLE 44 SMART GRID MARKET IN NORTH AMERICA, BY COUNTRY,
2019–2026 (USD MILLION) 115
9.2.4.1 US 116
9.2.4.1.1 Heavy investments in digitalization of electricity infrastructure and data analytics by power industry propel smart grid market growth in United States 116
9.2.4.1.2 By component 117
TABLE 45 SMART GRID MARKET IN US, BY COMPONENT, 2019–2026 (USD MILLION) 117
TABLE 46 SMART GRID MARKET IN US FOR SOFTWARE, BY TYPE,
2019–2026 (USD MILLION) 117
TABLE 47 SMART GRID MARKET IN US FOR HARDWARE, BY TYPE,
2019–2026 (USD MILLION) 117
TABLE 48 SMART GRID MARKET IN US FOR SERVICES, BY TYPE,
2019–2026 (USD MILLION) 118
9.2.4.1.3 By application 118
TABLE 49 SMART GRID MARKET IN US, BY APPLICATION, 2019–2026 (USD MILLION) 118
9.2.4.1.4 By communication technology 118
TABLE 50 SMART GRID MARKET IN US, BY COMMUNICATION TECHNOLOGY,
2019–2026 (USD MILLION) 118

9.2.4.2 Canada 119
9.2.4.2.1 High investments by government in utility-led projects
to reduce GHG emissions and upgrade electric grid infrastructure stimulate smart grid market growth in Canada 119
9.2.4.2.2 By component 119
TABLE 51 SMART GRID MARKET IN CANADA, BY COMPONENT,
2019–2026 (USD MILLION) 119
TABLE 52 SMART GRID MARKET IN CANADA FOR SOFTWARE, BY TYPE,
2019–2026 (USD MILLION) 120
TABLE 53 SMART GRID MARKET IN CANADA FOR HARDWARE, BY TYPE,
2019–2026 (USD MILLION) 120
TABLE 54 SMART GRID MARKET IN CANADA FOR SERVICES, BYTYPE,
2019–2026 (USD MILLION) 121
9.2.4.2.3 By application 121
TABLE 55 SMART GRID MARKET IN CANADA, BY APPLICATION,
2019–2026 (USD MILLION) 121
9.2.4.2.4 By communication technology 121
TABLE 56 SMART GRID MARKET IN CANADA, BY COMMUNICATION TECHNOLOGY, 2019–2026 (USD MILLION) 121
9.2.4.3 Mexico 122
9.2.4.3.1 Massive rollout plans and government support for smart meters accelerate smart grid market growth 122
9.2.4.3.2 By component 122
TABLE 57 SMART GRID MARKET IN MEXICO, BY COMPONENT,
2019–2026 (USD MILLION) 122
TABLE 58 SMART GRID MARKET IN MEXICO FOR SOFTWARE, BY TYPE,
2019–2026 (USD MILLION) 122
TABLE 59 SMART GRID MARKET IN MEXICO FOR HARDWARE, BY TYPE,
2019–2026 (USD MILLION) 123
TABLE 60 SMART GRID MARKET IN MEXICO FOR SERVICES, BY TYPE,
2019–2026 (USD MILLION) 123
9.2.4.3.3 By application 123
TABLE 61 SMART GRID MARKET IN MEXICO, BY APPLICATION,
2019–2026 (USD MILLION) 123
9.2.4.3.4 By communication technology 124
TABLE 62 SMART GRID MARKET IN MEXICO, BY COMMUNICATION TECHNOLOGY, 2019–2026 (USD MILLION) 124
9.3 EUROPE 124
FIGURE 49 EUROPE: MARKET SNAPSHOT, 2020 125
9.3.1 BY COMPONENT 126
TABLE 63 SMART GRID MARKET IN EUROPE, BY COMPONENT,
2019–2026 (USD MILLION) 126
TABLE 64 SMART GRID MARKET IN EUROPE FOR SOFTWARE, BY TYPE,
2019–2026 (USD MILLION) 126
TABLE 65 SMART GRID MARKET IN EUROPE FOR HARDWARE, BY TYPE,
2019–2026 (USD MILLION) 127
TABLE 66 SMART GRID MARKET IN EUROPE FOR SERVICES, BY TYPE,
2019–2026 (USD MILLION) 127
9.3.2 BY APPLICATION 127
TABLE 67 SMART GRID MARKET IN EUROPE, BY APPLICATION,
2019–2026 (USD MILLION) 127
9.3.3 BY COMMUNICATION TECHNOLOGY 128
TABLE 68 SMART GRID MARKET IN EUROPE, BY COMMUNICATION TECHNOLOGY, 2019–2026 (USD MILLION) 128
9.3.4 BY COUNTRY 128
TABLE 69 SMART GRID MARKET IN EUROPE, BY COUNTRY, 2019–2026 (USD MILLION) 128
9.3.4.1 UK 129
9.3.4.1.1 Smart grid technology to help UK transform into low-carbon economy, meet its carbon reduction targets, and ensure energy security 129
9.3.4.1.2 By component 129
TABLE 70 SMART GRID MARKET IN UK, BY COMPONENT, 2019–2026 (USD MILLION) 129
TABLE 71 SMART GRID MARKET IN UK FOR SOFTWARE, BY TYPE,
2019–2026 (USD MILLION) 129
TABLE 72 SMART GRID MARKET IN UK FOR HARDWARE, BY TYPE,
2019–2026 (USD MILLION) 130
TABLE 73 SMART GRID MARKET IN UK FOR SERVICES, BY TYPE,
2019–2026 (USD MILLION) 130
9.3.4.1.3 By application 130
TABLE 74 SMART GRID MARKET IN UK, BY APPLICATION, 2019–2026 (USD MILLION) 130
9.3.4.1.4 By communication technology 131
TABLE 75 SMART GRID MARKET IN UK, BY COMMUNICATION TECHNOLOGY,
2019–2026 (USD MILLION) 131
9.3.4.2 Germany 131
9.3.4.2.1 Smart meter installment has made tracking energy usage easier 131
9.3.4.2.2 By component 131
TABLE 76 SMART GRID MARKET IN GERMANY, BY COMPONENT,
2019–2026 (USD MILLION) 131
TABLE 77 SMART GRID MARKET IN GERMANY FOR SOFTWARE, BY TYPE,
2019–2026 (USD MILLION) 132
TABLE 78 SMART GRID MARKET IN GERMANY FOR HARDWARE, BY TYPE,
2019–2026 (USD MILLION) 132
TABLE 79 SMART GRID MARKET IN GERMANY FOR SERVICES, BY TYPE,
2019–2026 (USD MILLION) 133
9.3.4.2.3 By application 133
TABLE 80 SMART GRID MARKET IN GERMANY, BY APPLICATION,
2019–2026 (USD MILLION) 133
9.3.4.2.4 By communication technology 133
TABLE 81 SMART GRID MARKET IN GERMANY, BY COMMUNICATION TECHNOLOGY, 2019–2026 (USD MILLION) 133

9.3.4.3 France 134
9.3.4.3.1 Strong need for efficient grid operations propelling
market growth 134
9.3.4.3.2 By component 134
TABLE 82 SMART GRID MARKET IN FRANCE, BY COMPONENT,
2019–2026 (USD MILLION) 134
TABLE 83 SMART GRID MARKET IN FRANCE FOR SOFTWARE, BY TYPE,
2019–2026 (USD MILLION) 134
TABLE 84 SMART GRID MARKET IN FRANCE FOR HARDWARE, BY TYPE,
2019–2026 (USD MILLION) 135
TABLE 85 SMART GRID MARKET IN FRANCE FOR SERVICES, BY TYPE,
2019–2026 (USD MILLION) 135
9.3.4.3.3 By application 135
TABLE 86 SMART GRID MARKET IN FRANCE, BY APPLICATION,
2019–2026 (USD MILLION) 135
9.3.4.3.4 By communication technology 136
TABLE 87 SMART GRID MARKET IN FRANCE, BY COMMUNICATION TECHNOLOGY, 2019–2026 (USD MILLION) 136
9.3.4.4 Italy 136
9.3.4.4.1 Italy is known for its aggressive smart meter rollout 136
9.3.4.4.2 By component 136
TABLE 88 SMART GRID MARKET IN ITALY, BY COMPONENT, 2019–2026 (USD MILLION) 136
TABLE 89 SMART GRID MARKET IN ITALY FOR SOFTWARE, BY TYPE,
2019–2026 (USD MILLION) 137
TABLE 90 SMART GRID MARKET IN ITALY FOR HARDWARE, BY TYPE,
2019–2026 (USD MILLION) 137
TABLE 91 SMART GRID MARKET IN ITALY FOR SERVICES, BY TYPE,
2019–2026 (USD MILLION) 137
9.3.4.4.3 By application 138
TABLE 92 SMART GRID MARKET IN ITALY, BY APPLICATION, 2019–2026 (USD MILLION) 138
9.3.4.4.4 By communication technology 138
TABLE 93 SMART GRID MARKET IN ITALY, BY COMMUNICATION TECHNOLOGY,
2019–2026 (USD MILLION) 138
9.3.4.5 Russia 138
9.3.4.5.1 Urgent requirement to improve power transmission networks boosts demand for smart grid technology in Russia 138
9.3.4.5.2 By component 139
TABLE 94 SMART GRID MARKET IN RUSSIA, BY COMPONENT,
2019–2026 (USD MILLION) 139
TABLE 95 SMART GRID MARKET IN RUSSIA FOR SOFTWARE, BY TYPE,
2019–2026 (USD MILLION) 139
TABLE 96 SMART GRID MARKET IN RUSSIA FOR HARDWARE, BY TYPE,
2019–2026 (USD MILLION) 139
TABLE 97 SMART GRID MARKET IN RUSSIA FOR SERVICES, BY TYPE,
2019–2026 (USD MILLION) 140

9.3.4.5.3 By application 140
TABLE 98 SMART GRID MARKET IN RUSSIA, BY APPLICATION,
2019–2026 (USD MILLION) 140
9.3.4.5.4 By communication technology 140
TABLE 99 SMART GRID MARKET IN RUSSIA, BY COMMUNICATION TECHNOLOGY, 2019–2026 (USD MILLION) 140
9.3.4.6 Rest of Europe 141
9.3.4.6.1 By component 141
TABLE 100 SMART GRID MARKET IN REST OF EUROPE, BY COMPONENT,
2019–2026 (USD MILLION) 141
TABLE 101 SMART GRID MARKET IN REST OF EUROPE FOR SOFTWARE, BY TYPE,
2019–2026 (USD MILLION) 142
TABLE 102 SMART GRID MARKET IN REST OF EUROPE FOR HARDWARE, BY TYPE,
2019–2026 (USD MILLION) 142
TABLE 103 SMART GRID MARKET IN REST OF EUROPE FOR SERVICES, BY TYPE,
2019–2026 (USD MILLION) 143
9.3.4.6.2 By application 143
TABLE 104 SMART GRID MARKET IN REST OF EUROPE, BY APPLICATION,
2019–2026 (USD MILLION) 143
9.3.4.6.3 By communication technology 143
TABLE 105 SMART GRID MARKET IN REST OF EUROPE, BY COMMUNICATION TECHNOLOGY, 2019–2026 (USD MILLION) 143
9.4 ASIA PACIFIC 144
9.4.1 BY COMPONENT 144
TABLE 106 SMART GRID MARKET IN ASIA PACIFIC, BY COMPONENT,
2019–2026 (USD MILLION) 144
TABLE 107 SMART GRID MARKET IN ASIA PACIFIC FOR SOFTWARE, BY TYPE,
2019–2026 (USD MILLION) 144
TABLE 108 SMART GRID MARKET IN ASIA PACIFIC FOR HARDWARE, BY TYPE,
2019–2026 (USD MILLION) 145
TABLE 109 SMART GRID MARKET IN ASIA PACIFIC FOR SERVICES, BY TYPE,
2019–2026 (USD MILLION) 145
9.4.2 BY APPLICATION 145
TABLE 110 SMART GRID MARKET IN ASIA PACIFIC, BY APPLICATION,
2019–2026 (USD MILLION) 145
9.4.3 BY COMMUNICATION TECHNOLOGY 146
TABLE 111 SMART GRID MARKET IN ASIA PACIFIC, BY COMMUNICATION TECHNOLOGY, 2019–2026 (USD MILLION) 146
9.4.4 BY COUNTRY 146
TABLE 112 SMART GRID MARKET IN ASIA PACIFIC, BY COUNTRY,
2019–2026 (USD MILLION) 146
9.4.4.1 China 147
9.4.4.1.1 Increased deployment of solar PV systems fuels smart grid market growth in China 147
9.4.4.1.2 By component 147
TABLE 113 SMART GRID MARKET IN CHINA, BY COMPONENT,
2019–2026 (USD MILLION) 147
TABLE 114 SMART GRID MARKET IN CHINA FOR SOFTWARE, BY TYPE,
2019–2026 (USD MILLION) 147
TABLE 115 SMART GRID MARKET IN CHINA FOR HARDWARE, BY TYPE,
2019–2026 (USD MILLION) 148
TABLE 116 SMART GRID MARKET IN CHINA FOR SERVICES, BY TYPE,
2019–2026 (USD MILLION) 148
9.4.4.1.3 By application 148
TABLE 117 SMART GRID MARKET IN CHINA, BY APPLICATION,
2019–2026 (USD MILLION) 148
9.4.4.1.4 By communication technology 149
TABLE 118 SMART GRID MARKET IN CHINA, BY COMMUNICATION TECHNOLOGY,
2019–2026 (USD MILLION) 149
9.4.4.2 Japan 149
9.4.4.2.1 Japan installed smart meters to host Olympic games
in 2020 149
9.4.4.2.2 By component 149
TABLE 119 SMART GRID MARKET IN JAPAN, BY COMPONENT,
2019–2026 (USD MILLION) 149
TABLE 120 SMART GRID MARKET IN JAPAN FOR SOFTWARE, BY TYPE,
2019–2026 (USD MILLION) 150
TABLE 121 SMART GRID MARKET IN JAPAN FOR HARDWARE, BY TYPE,
2019–2026 (USD MILLION) 150
TABLE 122 SMART GRID MARKET IN JAPAN FOR SERVICES, BY TYPE,
2019–2026 (USD MILLION) 150
9.4.4.2.3 By application 151
TABLE 123 SMART GRID MARKET IN JAPAN, BY APPLICATION,
2019–2026 (USD MILLION) 151
9.4.4.2.4 By communication technology 151
TABLE 124 SMART GRID MARKET IN JAPAN, BY COMMUNICATION TECHNOLOGY,
2019–2026 (USD MILLION) 151
9.4.4.3 India 151
9.4.4.3.1 Government policies for energy access, high adoption of renewable resources, and increased number of smart city projects are pushing India’s smart grid market growth 151
9.4.4.3.2 By component 152
TABLE 125 SMART GRID MARKET IN INDIA, BY COMPONENT,
2019–2026 (USD MILLION) 152
TABLE 126 SMART GRID MARKET IN INDIA FOR SOFTWARE, BY TYPE,
2019–2026 (USD MILLION) 152
TABLE 127 SMART GRID MARKET IN INDIA FOR HARDWARE, BY TYPE,
2019–2026 (USD MILLION) 153
TABLE 128 SMART GRID MARKET IN INDIA FOR SERVICES, BY TYPE,
2019–2026 (USD MILLION) 153
9.4.4.3.3 By application 153
TABLE 129 SMART GRID MARKET IN INDIA, BY APPLICATION,
2019–2026 (USD MILLION) 153
9.4.4.3.4 By communication technology 154
TABLE 130 SMART GRID MARKET IN INDIA, BY COMMUNICATION TECHNOLOGY,
2019–2026 (USD MILLION) 154
9.4.4.4 South Korea 154
9.4.4.4.1 Urgent need to build smart infrastructure for providing consumer, transportation, electricity, and several other services creates demand for smart grid technology 154
9.4.4.4.2 By component 154
TABLE 131 SMART GRID MARKET IN SOUTH KOREA, BY COMPONENT,
2019–2026 (USD MILLION) 154
TABLE 132 SMART GRID MARKET IN SOUTH KOREA FOR SOFTWARE, BY TYPE,
2019–2026 (USD MILLION) 155
TABLE 133 SMART GRID MARKET IN SOUTH KOREA FOR HARDWARE, BY TYPE,
2019–2026 (USD MILLION) 155
TABLE 134 SMART GRID MARKET IN SOUTH KOREA FOR SERVICES, BY TYPE,
2019–2026 (USD MILLION) 156
9.4.4.4.3 By application 156
TABLE 135 SMART GRID MARKET IN SOUTH KOREA, BY APPLICATION,
2019–2026 (USD MILLION) 156
9.4.4.4.4 By communication technology 156
TABLE 136 SMART GRID MARKET IN SOUTH KOREA, BY COMMUNICATION TECHNOLOGY, 2019–2026 (USD MILLION) 156
9.4.4.5 Australia 157
9.4.4.5.1 Immediate requirement to increase operational efficiency of utilities sector spurs demand for smart grids 157
9.4.4.5.2 By component 157
TABLE 137 SMART GRID MARKET IN AUSTRALIA, BY COMPONENT,
2019–2026 (USD MILLION) 157
TABLE 138 SMART GRID MARKET IN AUSTRALIA FOR SOFTWARE, BY TYPE,
2019–2026 (USD MILLION) 158
TABLE 139 SMART GRID MARKET IN AUSTRALIA FOR HARDWARE, BY TYPE,
2019–2026 (USD MILLION) 158
TABLE 140 SMART GRID MARKET IN AUSTRALIA FOR SERVICES, BY TYPE,
2019–2026 (USD MILLION) 159
9.4.4.5.3 By application 159
TABLE 141 SMART GRID MARKET IN AUSTRALIA, BY APPLICATION,
2019–2026 (USD MILLION) 159
9.4.4.5.4 By communication technology 159
TABLE 142 SMART GRID MARKET IN AUSTRALIA, BY COMMUNICATION TECHNOLOGY, 2019–2026 (USD MILLION) 159
9.4.4.6 Rest of Asia Pacific 160
9.4.4.6.1 By component 160
TABLE 143 SMART GRID MARKET IN REST OF ASIA PACIFIC, BY COMPONENT,
2019–2026 (USD MILLION) 160
TABLE 144 SMART GRID MARKET IN REST OF ASIA PACIFIC FOR SOFTWARE, BY TYPE, 2019–2026 (USD MILLION) 160
TABLE 145 SMART GRID MARKET IN REST OF ASIA PACIFIC FOR HARDWARE, BY TYPE, 2019–2026 (USD MILLION) 161
TABLE 146 SMART GRID MARKET IN REST OF ASIA PACIFIC FOR SERVICES, BY TYPE, 2019–2026 (USD MILLION) 161
9.4.4.6.2 By application 161
TABLE 147 SMART GRID MARKET IN REST OF ASIA PACIFIC, BY APPLICATION,
2019–2026 (USD MILLION) 161
9.4.4.6.3 By communication technology 162
TABLE 148 SMART GRID MARKET IN REST OF ASIA PACIFIC,
BY COMMUNICATION TECHNOLOGY, 2019–2026 (USD MILLION) 162
9.5 MIDDLE EAST AND AFRICA 162
9.5.1 BY COMPONENT 163
TABLE 149 SMART GRID MARKET IN MIDDLE EAST AND AFRICA, BY COMPONENT,
2019–2026 (USD MILLION) 163
TABLE 150 SMART GRID MARKET IN MIDDLE EAST AND AFRICA FOR SOFTWARE,
BY TYPE, 2019–2026 (USD MILLION) 163
TABLE 151 SMART GRID MARKET IN MIDDLE EAST AND AFRICA FOR HARDWARE,
BY TYPE, 2019–2026 (USD MILLION) 164
TABLE 152 SMART GRID MARKET IN MIDDLE EAST AND AFRICA FOR SERVICES,
BY TYPE, 2019–2026 (USD MILLION) 164
9.5.2 BY APPLICATION 164
TABLE 153 SMART GRID MARKET IN MIDDLE EAST AND AFRICA, BY APPLICATION, 2019–2026 (USD MILLION) 164
9.5.3 BY COMMUNICATION TECHNOLOGY 165
TABLE 154 SMART GRID MARKET IN MIDDLE EAST AND AFRICA, BY COMMUNICATION TECHNOLOGY, 2019–2026 (USD MILLION) 165
9.5.4 BY COUNTRY 165
TABLE 155 SMART GRID MARKET IN MIDDLE EAST AND AFRICA, BY COUNTRY,
2019–2026 (USD MILLION) 165
9.5.4.1 UAE 166
9.5.4.1.1 Strong focus of country on using renewable sources to produce energy by 2030 would accelerate demand for smart grid technology 166
9.5.4.1.2 By component 166
TABLE 156 SMART GRID MARKET IN UAE, BY COMPONENT, 2019–2026 (USD MILLION) 166
TABLE 157 SMART GRID MARKET IN UAE FOR SOFTWARE, BY TYPE,
2019–2026 (USD MILLION) 166
TABLE 158 SMART GRID MARKET IN UAE FOR HARDWARE, BY TYPE,
2019–2026 (USD MILLION) 167
TABLE 159 SMART GRID MARKET IN UAE FOR SERVICES, BY TYPE,
2019–2026 (USD MILLION) 167
9.5.4.1.3 By application 167
TABLE 160 SMART GRID MARKET IN UAE, BY APPLICATION, 2019–2026 (USD MILLION) 167
9.5.4.1.4 By communication technology 168
TABLE 161 SMART GRID MARKET IN UAE, BY COMMUNICATION TECHNOLOGY,
2019–2026 (USD MILLION) 168
9.5.4.2 Saudi Arabia 168
9.5.4.2.1 Rapid development of advanced transmission systems would propel smart grid market growth in Saudi Arabia 168
9.5.4.2.2 By component 168
TABLE 162 SMART GRID MARKET IN SAUDI ARABIA, BY COMPONENT,
2019–2026 (USD MILLION) 168
TABLE 163 SMART GRID MARKET IN SAUDI ARABIA FOR SOFTWARE, BY TYPE,
2019–2026 (USD MILLION) 169
TABLE 164 SMART GRID MARKET IN SAUDI ARABIA FOR HARDWARE, BY TYPE,
2019–2026 (USD MILLION) 169
TABLE 165 SMART GRID MARKET IN SAUDI ARABIA FOR SERVICES, BY TYPE,
2019–2026 (USD MILLION) 170
9.5.4.2.3 By application 170
TABLE 166 SMART GRID MARKET IN SAUDI ARABIA, BY APPLICATION,
2019–2026 (USD MILLION) 170
9.5.4.2.4 By communication technology 170
TABLE 167 SMART GRID MARKET IN SAUDI ARABIA, BY COMMUNICATION TECHNOLOGY, 2019–2026 (USD MILLION) 170
9.5.4.3 Qatar 171
9.5.4.3.1 Desperate need to upgrade energy transmission
and distribution networks promotes use of smart grid technology in Qatar 171
9.5.4.3.2 By component 171
TABLE 168 SMART GRID MARKET IN QATAR, BY COMPONENT,
2019–2026 (USD MILLION) 171
TABLE 169 SMART GRID MARKET IN QATAR FOR SOFTWARE, BY TYPE,
2019–2026 (USD MILLION) 172
TABLE 170 SMART GRID MARKET IN QATAR FOR HARDWARE, BY TYPE,
2019–2026 (USD MILLION) 172
TABLE 171 SMART GRID MARKET IN QATAR FOR SERVICES, BY TYPE,
2019–2026 (USD MILLION) 172
9.5.4.3.3 By application 173
TABLE 172 SMART GRID MARKET IN QATAR, BY APPLICATION,
2019–2026 (USD MILLION) 173
9.5.4.3.4 By communication technology 173
TABLE 173 SMART GRID MARKET IN QATAR, BY COMMUNICATION TECHNOLOGY,
2019–2026 (USD MILLION) 173
9.5.4.4 South Africa 174
9.5.4.4.1 Immediate need to reduce utility debt drives adoption of smart grid solutions 174
9.5.4.4.2 By component 174
TABLE 174 SMART GRID MARKET IN SOUTH AFRICA, BY COMPONENT,
2019–2026 (USD MILLION) 174
TABLE 175 SMART GRID MARKET IN SOUTH AFRICA FOR SOFTWARE, BY TYPE,
2019–2026 (USD MILLION) 174
TABLE 176 SMART GRID MARKET IN SOUTH AFRICA FOR HARDWARE, BY TYPE,
2019–2026 (USD MILLION) 175
TABLE 177 SMART GRID MARKET IN SOUTH AFRICA FOR SERVICES, BY TYPE,
2019–2026 (USD MILLION) 175

9.5.4.4.3 By application 175
TABLE 178 SMART GRID MARKET IN SOUTH AFRICA, BY APPLICATION,
2019–2026 (USD MILLION) 175
9.5.4.4.4 By communication technology 176
TABLE 179 SMART GRID MARKET IN SOUTH AFRICA, BY COMMUNICATION TECHNOLOGY, 2019–2026 (USD MILLION) 176
9.5.4.5 Rest of Middle East and Africa 176
9.5.4.5.1 By component 177
TABLE 180 SMART GRID MARKET IN REST OF MIDDLE EAST AND AFRICA,
BY COMPONENT, 2019–2026 (USD MILLION) 177
TABLE 181 SMART GRID MARKET IN REST OF MIDDLE EAST AND AFRICA FOR SOFTWARE, BY TYPE, 2019–2026 (USD MILLION) 177
TABLE 182 SMART GRID MARKET IN REST OF MIDDLE EAST AND AFRICA FOR HARDWARE, BY TYPE, 2019–2026 (USD MILLION) 178
TABLE 183 SMART GRID MARKET IN REST OF MIDDLE EAST AND AFRICA FOR SERVICES, BY TYPE, 2019–2026 (USD MILLION) 178
9.5.4.5.2 By application 178
TABLE 184 SMART GRID MARKET IN REST OF MIDDLE OF EAST AND AFRICA,
BY APPLICATION, 2019–2026 (USD MILLION) 178
9.5.4.5.3 By communication technology 179
TABLE 185 SMART GRID MARKET IN REST OF MIDDLE EAST AND AFRICA,
BY COMMUNICATION TECHNOLOGY, 2019–2026 (USD MILLION) 179
9.6 SOUTH AMERICA 179
9.6.1 BY COMPONENT 179
TABLE 186 SMART GRID MARKET IN SOUTH AMERICA, BY COMPONENT,
2019–2026 (USD MILLION) 179
TABLE 187 SMART GRID MARKET IN SOUTH AMERICA FOR SOFTWARE, BY TYPE,
2019–2026 (USD MILLION) 180
TABLE 188 SMART GRID MARKET IN SOUTH AMERICA FOR HARDWARE, BY TYPE,
2019–2026 (USD MILLION) 180
TABLE 189 SMART GRID MARKET IN SOUTH AMERICA FOR SERVICES, BY TYPE,
2019–2026 (USD MILLION) 181
9.6.2 BY APPLICATION 181
TABLE 190 SMART GRID MARKET IN SOUTH AMERICA, BY APPLICATION,
2019–2026 (USD MILLION) 181
9.6.3 BY COMMUNICATION TECHNOLOGY 181
TABLE 191 SMART GRID MARKET IN SOUTH AMERICA, BY COMMUNICATION TECHNOLOGY, 2019–2026 (USD MILLION) 181
9.6.4 BY COUNTRY 182
TABLE 192 SMART GRID MARKET IN SOUTH AMERICA, BY COUNTRY,
2019–2026 (USD MILLION) 182
9.6.4.1 Brazil 182
9.6.4.1.1 Surging need to improve operational efficiency boosts demand for smart grid systems 182
9.6.4.1.2 By component 182
TABLE 193 SMART GRID MARKET IN BRAZIL, BY COMPONENT,
2019–2026 (USD MILLION) 182
TABLE 194 SMART GRID MARKET IN BRAZIL FOR SOFTWARE, BY TYPE,
2019–2026 (USD MILLION) 183
TABLE 195 SMART GRID MARKET IN BRAZIL FOR HARDWARE, BY TYPE,
2019–2026 (USD MILLION) 183
TABLE 196 SMART GRID MARKET IN BRAZIL FOR SERVICES, BY TYPE,
2019–2026 (USD MILLION) 183
9.6.4.1.3 By application 184
TABLE 197 SMART GRID MARKET IN BRAZIL, BY APPLICATION,
2019–2026 (USD MILLION) 184
9.6.4.1.4 By communication technology 184
TABLE 198 SMART GRID MARKET IN BRAZIL, BY COMMUNICATION TECHNOLOGY,
2019–2026 (USD MILLION) 184
9.6.4.2 Argentina 184
9.6.4.2.1 Escalating requirement to produce energy using renewable energy sources creates opportunities for smart grid market 184
9.6.4.2.2 By component 185
TABLE 199 SMART GRID MARKET IN ARGENTINA, BY COMPONENT,
2019–2026 (USD MILLION) 185
TABLE 200 SMART GRID MARKET IN ARGENTINA FOR SOFTWARE, BY TYPE,
2019–2026 (USD MILLION) 185
TABLE 201 SMART GRID MARKET IN ARGENTINA FOR HARDWARE, BY TYPE,
2019–2026 (USD MILLION) 186
TABLE 202 SMART GRID MARKET IN ARGENTINA FOR SERVICES, BY TYPE,
2019–2026 (USD MILLION) 186
9.6.4.2.3 By application 186
TABLE 203 SMART GRID MARKET IN ARGENTINA, BY APPLICATION,
2019–2026 (USD MILLION) 186
9.6.4.2.4 By communication technology 187
TABLE 204 SMART GRID MARKET IN ARGENTINA, BY COMMUNICATION TECHNOLOGY, 2019–2026 (USD MILLION) 187
9.6.4.3 Rest of South America 187
9.6.4.3.1 By component 187
TABLE 205 SMART GRID MARKET IN REST OF SOUTH AMERICA, BY COMPONENT,
2019–2026 (USD MILLION) 187
TABLE 206 SMART GRID MARKET IN REST OF SOUTH AMERICA FOR SOFTWARE,
BY TYPE, 2019–2026 (USD MILLION) 188
TABLE 207 SMART GRID MARKET IN REST OF SOUTH AMERICA FOR HARDWARE,
BY TYPE, 2019–2026 (USD MILLION) 188
TABLE 208 SMART GRID MARKET IN REST OF SOUTH AMERICA FOR SERVICES,
BY TYPE, 2019–2026 (USD MILLION) 189
9.6.4.3.2 By application 189
TABLE 209 SMART GRID MARKET IN REST OF SOUTH AMERICA, BY APPLICATION,
2019–2026 (USD MILLION) 189
9.6.4.3.3 By communication technology 189
TABLE 210 SMART GRID MARKET IN REST OF SOUTH AMERICA,
BY COMMUNICATION TECHNOLOGY, 2019–2026 (USD MILLION) 189

10 COMPETITIVE LANDSCAPE 190
10.1 KEY PLAYER STRATEGIES 190
TABLE 211 OVERVIEW OF TOP PLAYERS, JANUARY 2017– MARCH 2021 190
10.2 MARKET SHARE ANALYSIS OF TOP FIVE PLAYERS 191
TABLE 212 SMART GRID MARKET: DEGREE OF COMPETITIVE 191
FIGURE 50 SMART GRID MARKET SHARE ANALYSIS, 2020 192
10.3 REVENUE ANALYSIS OF TOP FIVE MARKET PLAYERS 193
FIGURE 51 REVENUE ANALYSIS FOR KEY COMPANIES IN PAST 5 YEARS 193
10.4 COMPANY EVALUATION QUADRANT 194
10.4.1 STAR 194
10.4.2 PERVASIVE 194
10.4.3 EMERGING LEADER 194
10.4.4 PARTICIPANT 194
FIGURE 52 COMPETITIVE LEADERSHIP MAPPING: SMART GRID MARKET, 2020 195
TABLE 213 COMPANY FOOTPRINT 196
TABLE 214 BY COMPONENT FOOTPRINT 197
TABLE 215 BY APPLICATION FOOTPRINT 198
TABLE 216 BY REGION FOOTPRINT 199
10.5 COMPETITIVE SCENARIO 200
TABLE 217 SMART GRID MARKET: PRODUCT LAUNCHES, JANUARY 2017–SEPTEMBER 2021 200
TABLE 218 SMART GRID MARKET: DEALS, JANUARY 2017–DECEMBER 2020 201
TABLE 219 SMART GRID MARKET: OTHER DEVELOPMENTS,
JULY 2017–SEPTEMBER 2021 202
11 COMPANY PROFILES 203
(Business and financial overview, Products/services/solutions offered, Recent developments & MnM View)*
11.1 KEY PLAYERS 203
11.1.1 GE 203
TABLE 220 GE: BUSINESS OVERVIEW 203
FIGURE 53 GE: COMPANY SNAPSHOT 204
TABLE 221 GE: PRODUCTS/SERVICES/SOLUTIONS OFFERED 205
TABLE 222 GE: PRODUCT LAUNCHES AND DEVELOPMENTS 206
TABLE 223 GE: DEALS 206
TABLE 224 GE: OTHERS 207
11.1.2 ABB 209
TABLE 225 ABB: BUSINESS OVERVIEW 209
FIGURE 54 ABB: COMPANY SNAPSHOT 210
TABLE 226 ABB: PRODUCTS/SERVICES/SOLUTIONS OFFERED 211
TABLE 227 ABB: PRODUCT LAUNCHES AND DEVELOPMENTS 212
TABLE 228 ABB: DEALS 212

TABLE 229 ABB: OTHERS 213
11.1.3 SIEMENS 215
TABLE 230 SIEMENS: BUSINESS OVERVIEW 215
FIGURE 55 SIEMENS: COMPANY SNAPSHOT 216
TABLE 231 SIEMENS: PRODUCTS/SERVICES/SOLUTIONS OFFERED 217
TABLE 232 SIEMENS: PRODUCT LAUNCHES AND DEVELOPMENTS 218
TABLE 233 SIEMENS: DEALS 219
TABLE 234 SIEMENS: OTHERS 220
11.1.4 SCHNEIDER ELECTRIC 221
TABLE 235 SCHNEIDER ELECTRIC: BUSINESS OVERVIEW 221
FIGURE 56 SCHNEIDER ELECTRIC: COMPANY SNAPSHOT 222
TABLE 236 SCHNEIDER ELECTRIC: PRODUCTS/SERVICES/SOLUTIONS OFFERED 223
TABLE 237 SCHNEIDER ELECTRIC: DEALS 225
TABLE 238 SCHNEIDER ELECTRIC: OTHERS 226
11.1.5 ITRON 227
TABLE 239 ITRON: BUSINESS OVERVIEW 227
FIGURE 57 ITRON: COMPANY SNAPSHOT 228
TABLE 240 ITRON: PRODUCTS/SERVICES/SOLUTIONS OFFERED 229
TABLE 241 ITRON: PRODUCT LAUNCHES AND DEVELOPMENTS 230
TABLE 242 ITRON: DEALS 230
TABLE 243 ITRON: OTHERS 231
11.1.6 CISCO 233
TABLE 244 CISCO: BUSINESS OVERVIEW 233
FIGURE 58 CISCO: COMPANY SNAPSHOT 234
TABLE 245 CISCO: PRODUCTS/SERVICES/SOLUTIONS OFFERED 235
TABLE 246 CISCO: DEALS 236
11.1.7 IBM 237
TABLE 247 IBM: BUSINESS OVERVIEW 237
FIGURE 59 IBM: COMPANY SNAPSHOT 238
TABLE 248 IBM: PRODUCTS/SERVICES/SOLUTIONS OFFERED 239
TABLE 249 IBM: DEALS 239
TABLE 250 IBM: OTHERS 240
11.1.8 ORACLE 241
TABLE 251 ORACLE: BUSINESS OVERVIEW 241
FIGURE 60 ORACLE: COMPANY SNAPSHOT 242
TABLE 252 ORACLE: PRODUCTS/SERVICES/SOLUTIONS OFFERED 243
TABLE 253 ORACLE: PRODUCT LAUNCHES AND DEVELOPMENTS 243
TABLE 254 ORACLE: DEALS 244
11.1.9 HONEYWELL 245
TABLE 255 HONEYWELL: BUSINESS OVERVIEW 245
FIGURE 61 HONEYWELL: COMPANY SNAPSHOT 246
TABLE 256 HONEYWELL: PRODUCTS/SERVICES/SOLUTIONS OFFERED 247
TABLE 257 HONEYWELL: DEALS 248
TABLE 258 HONEYWELL: OTHERS 249
11.1.10 EATON 250
TABLE 259 EATON: BUSINESS OVERVIEW 250
FIGURE 62 EATON: COMPANY SNAPSHOT 251
TABLE 260 EATON: PRODUCTS/SERVICES/SOLUTIONS OFFERED 252
TABLE 261 EATON: PRODUCT LAUNCHES AND DEVELOPMENTS 253
TABLE 262 EATON: DEALS 254
TABLE 263 EATON: OTHERS 255
11.1.11 TECH MAHINDRA 256
TABLE 264 TECH MAHINDRA: BUSINESS OVERVIEW 256
FIGURE 63 TECH MAHINDRA: COMPANY SNAPSHOT 257
TABLE 265 TECH MAHINDRA: PRODUCTS/SERVICES/SOLUTIONS OFFERED 258
TABLE 266 TECH MAHINDRA: DEALS 259
11.1.12 TANTALUS 260
TABLE 267 TANTALUS: BUSINESS OVERVIEW 260
FIGURE 64 TANTALUS: COMPANY SNAPSHOT 261
TABLE 268 TANTALUS: PRODUCTS/SERVICES/SOLUTIONS OFFERED 261
TABLE 269 TANTALUS: PRODUCT LAUNCHES AND DEVELOPMENTS 262
TABLE 270 TANTALUS: DEALS 262
11.1.13 MITSUBISHI ELECTRIC 263
TABLE 271 MITSUBISHI ELECTRIC: BUSINESS OVERVIEW 263
FIGURE 65 MITSUBISHI ELECTRIC: COMPANY SNAPSHOT 264
TABLE 272 MITSUBISHI ELECTRIC: PRODUCTS/SERVICES/SOLUTIONS OFFERED 264
TABLE 273 MITSUBISHI ELECTRIC: DEALS 265
11.1.14 SAP 266
TABLE 274 SAP: BUSINESS OVERVIEW 266
FIGURE 66 SAP: COMPANY SNAPSHOT 267
TABLE 275 SAP: PRODUCTS/SERVICES/SOLUTIONS OFFERED 268
TABLE 276 SAP: DEALS 268
11.1.15 WIPRO 269
TABLE 277 WIPRO: BUSINESS OVERVIEW 269
FIGURE 67 WIPRO: COMPANY SNAPSHOT 270
TABLE 278 WIPRO: PRODUCTS/SERVICES/SOLUTIONS OFFERED 271
11.1.16 TRILLIANT HOLDINGS 272
TABLE 279 TRILLIANT HOLDINGS: BUSINESS OVERVIEW 272
TABLE 280 TRILLIANT HOLDINGS: PRODUCTS/SERVICES/SOLUTIONS OFFERED 273
TABLE 281 TRILLIANT HOLDINGS: DEALS 274
11.1.17 GLOBEMA 275
TABLE 282 GLOBEMA: BUSINESS OVERVIEW 275

TABLE 283 GLOBEMA: PRODUCTS/SERVICES/SOLUTIONS OFFERED 276
TABLE 284 GLOBEMA: OTHERS 276
11.1.18 KAMSTRUP 277
TABLE 285 KAMSTRUP: BUSINESS OVERVIEW 277
FIGURE 68 KAMSTRUP: COMPANY SNAPSHOT 277
TABLE 286 KAMSTRUP: PRODUCTS/SERVICES/SOLUTIONS OFFERED 278
TABLE 287 KAMSTRUP: DEALS 279
TABLE 288 KAMSTRUP: OTHERS 279
11.1.19 XYLEM 280
TABLE 289 XYLEM: BUSINESS OVERVIEW 280
FIGURE 69 XYLEM: COMPANY SNAPSHOT 281
TABLE 290 XYLEM: PRODUCTS/SERVICES/SOLUTIONS OFFERED 282
*Details on Business and financial overview, Products/services/solutions offered, Recent developments & MnM View might not be captured in case of unlisted companies.
11.2 OTHER PLAYERS 283
11.2.1 ENEL X 283
11.2.2 ESMART SYSTEMS 284
11.2.3 ESYASOFT TECHNOLOGIES 285
11.2.4 GRID4C 286
11.2.5 C3 ENERGY 286
11.2.6 NES (NETWORKED ENERGY SERVICES) 287
12 APPENDIX 288
12.1 INSIGHTS OF INDUSTRY EXPERTS 288
12.2 DISCUSSION GUIDE 289
12.3 KNOWLEDGE STORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL 293
12.4 AVAILABLE CUSTOMIZATIONS 295
12.5 RELATED REPORTS 295
12.6 AUTHOR DETAILS 296


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