Smart Grid Market by Solution, Service, and Geography – Global Opportunity Analysis and Industry Forecast, 2014 – 2022
SCALAR MARKET RESEARCH INC. OCTOBER 2016
1
Table of Contents MARKET OVERVIEW ......................................................................................................................13 1.1
Definitions.............................................................................................................................13
1.2
Research Methodology .........................................................................................................14
1.3
Market Segmentation ...........................................................................................................16
1.4
Executive Summary...............................................................................................................17
1.4.1
4
Introduction ..........................................................................................................................19
2.2
Drivers ...................................................................................................................................20
2.3
Restraints ..............................................................................................................................21
2.4
Opportunities........................................................................................................................22
2.5
Premium Industry Trends .....................................................................................................22
INDUSTRY ANALYSIS......................................................................................................................24 3.1
Value Chain Analysis .............................................................................................................24
3.2
Technology Roadmap............................................................................................................25
SMART GRID MARKET, BY TYPE ....................................................................................................26 4.1
Overview ...............................................................................................................................26
4.1.1
Global Smart Grid Market Share (%), By Type, 2016 & 2022 .......................................26
4.1.2
Global Smart Grid Market Size (US$ million), By Type (2014 – 2022) ..........................27
4.1.3
Global Smart Grid Market Size (US$ million), By Type, 2016 & 2022 ...........................27
4.2
Solution .................................................................................................................................28
4.2.1
Global Smart Grid Market Size (US$ million) for Solution, By Region (2014 – 2022) ...28
4.2.2
Global Smart Grid Market Size (US$ million) for Solution, By Region (2016 & 2022) ..29
4.3
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MARKET DYNAMICS ......................................................................................................................19
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Service...................................................................................................................................30
4.3.1
Global Smart Grid Market Size (US$ million) for Service, By Region (2014 – 2022).....30
4.3.2
Global Smart Grid Market Size (US$ million) for Service, By Region (2016 & 2022) ....31
SMART GRID MARKET, BY SOLUTION ...........................................................................................32 5.1
Overview ...............................................................................................................................32
5.1.1
2
Global Smart Grid Market – Executive Summary .........................................................17
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Global Smart Grid Market Share (%), By Solution, 2016 & 2022 ..................................32
5.1.2
Global Smart Grid Market Size (US$ million), By Solution (2014 – 2022).....................33
5.1.3
Global Smart Grid Market Size (US$ million), By Solution, 2016 & 2022 .....................33
5.2
Advanced Metering Infrastructure .......................................................................................34
5.2.1 Global Smart Grid Market Size (US$ million) for Advanced Metering Infrastructure, By Region (2014 – 2022) ....................................................................................................................34 5.2.2 Global Smart Grid Market Size (US$ million) for Advanced Metering Infrastructure, By Region (2016 & 2022) ...................................................................................................................35 5.3
Smart Grid Distribution Management ..................................................................................36
5.3.1 Global Smart Grid Market Size (US$ million) for Smart Grid Distribution Management, By Region (2014 – 2022) ...............................................................................................................36 5.3.2 Global Smart Grid Market Size (US$ million) for Smart Grid Distribution Management, By Region (2016 & 2022) ..............................................................................................................37 5.4
Smart Grid Communication ..................................................................................................38
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5.4.1 Global Smart Grid Market Size (US$ million) for Smart Grid Communication, By Region (2014 – 2022) ................................................................................................................................38
5.5
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5.4.2 Global Smart Grid Market Size (US$ million) for Smart Grid Communication, By Region (2016 & 2022) ...............................................................................................................................39 Grid Asset Management .......................................................................................................40
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5.5.1 Global Smart Grid Market Size (US$ million) for Grid Asset Management, By Region (2014 – 2022) ................................................................................................................................40
5.6
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Other Solutions .....................................................................................................................42
5.6.1 2022)
Global Smart Grid Market Size (US$ million) for Other Solutions, By Region (2014 – .......................................................................................................................................42
5.6.2 2022)
Global Smart Grid Market Size (US$ million) for Other Solution, By Region (2016 & .......................................................................................................................................43
SMART GRID MARKET, BY SERVICE...............................................................................................44 6.1
Overview ...............................................................................................................................44
6.1.1
Global Smart Grid Market Share (%), By Service, 2016 & 2022....................................44
6.1.2
Global Smart Grid Market Size (US$ million), By Service (2014 – 2022) ......................45
6.1.3
Global Smart Grid Market Size (US$ million), By Service, 2016 & 2022 .......................45
6.2
Consulting .............................................................................................................................46
6.2.1
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5.5.2 Global Smart Grid Market Size (US$ million) for Grid Asset Management, By Region (2016 & 2022) ...............................................................................................................................41
Global Smart Grid Market Size (US$ million) for Consulting, By Region (2014 – 2022)46
6.2.2 2022) 6.3
Global Smart Grid Market Size (US$ million) for Consulting Service, By Region (2016 & .......................................................................................................................................47
Implementation & Integration..............................................................................................48
6.3.1 Global Smart Grid Market Size (US$ million) for Implementation & Integration, By Region (2014 – 2022) ....................................................................................................................48 6.3.2 Global Smart Grid Market Size (US$ million) for Implementation & Integration, By Region (2016 & 2022) ...................................................................................................................49 6.4
Repair & Maintenance ..........................................................................................................50
6.4.1 Global Smart Grid Market Size (US$ million) for Repair & Maintenance, By Region (2014 – 2022) ................................................................................................................................50 6.4.2 Global Smart Grid Market Size (US$ million) for Repair & Maintenance, By Region (2016 & 2022) ...............................................................................................................................51 SMART GRID MARKET, BY GEOGRAPHY........................................................................................52 Overview ...............................................................................................................................52
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7.1
Global Smart Grid Market Share (%), By Geography, 2016 & 2022..............................52
7.1.2
Global Smart Grid Market Size (US$ million), By Geography (2014 – 2022) ................53
7.1.3
Global Smart Grid Market Size (US$ million), By Geography, 2016 & 2022 .................53
North America.......................................................................................................................54
7.2.1 7.2.1.1
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7.2
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7.1.1
North America Smart Grid Market Share (%), By Country, 2016 & 2022 .....................54 U.S. ............................................................................................................................55
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7.2.1.1.1 Smart Grid Market in U.S., Market Size (US$ million) and Y-o-Y Growth (%).....55 7.2.1.2
Canada ......................................................................................................................55
7.2.1.2.1 Smart Grid Market in Canada, Market Size (US$ million) and Y-o-Y Growth (%)55 7.2.2
North America Smart Grid Market Share (%), By Type, 2016 & 2022 ..........................56
7.2.3
North America Smart Grid Market Size (US$ million), By Type (2014 – 2022).............56
7.2.4
North America Smart Grid Market Share (%), By Solution, 2016 & 2022.....................57
7.2.5
North America Smart Grid Market Size (US$ million), By Solution (2014 – 2022) .......57
7.2.6
North America Smart Grid Market Share (%), By Service, 2016 & 2022 ......................58
7.2.7
North America Smart Grid Market Size (US$ million), By Service (2014 – 2022) .........58
7.3
Europe...................................................................................................................................59
7.3.1 7.3.1.1
Europe Smart Grid Market Share (%), By Country, 2016 & 2022 .................................59 France........................................................................................................................60
7.3.1.1.1 Smart Grid Market in France, Market Size (US$ million) and Y-o-Y Growth (%) 60
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7.3.1.2
Germany....................................................................................................................60
7.3.1.2.1 Smart Grid Market in Germany, Market Size (US$ million) and Y-o-Y Growth (%) ............................................................................................................................60 7.3.1.3
U.K.............................................................................................................................61
7.3.1.3.1 Smart Grid Market in U.K., Market Size (US$ million) and Y-o-Y Growth (%) ....61 7.3.1.4
Rest of Europe...........................................................................................................61
7.3.1.4.1 Smart Grid Market in Rest of Europe, Market Size (US$ million) and Y-o-Y Growth (%) ............................................................................................................................61 Europe Smart Grid Market Share (%), By Type, 2016 & 2022 ......................................62
7.3.3
Europe Smart Grid Market Size (US$ million), By Type (2014 – 2022) .........................62
7.3.4
Europe Smart Grid Market Share (%), By Solution, 2016 & 2022.................................63
7.3.5
Europe Smart Grid Market Size (US$ million), By Solution (2014 – 2022)....................63
7.3.6
Europe Smart Grid Market Share (%), By Service, 2016 & 2022...................................64
7.3.7
Europe Smart Grid Market Size (US$ million), By Service (2014 – 2022) .....................64
7.4.1 7.4.1.1
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Asia-Pacific ............................................................................................................................65 Asia-Pacific Smart Grid Market Share (%), By Country, 2016 & 2022...........................65 China .........................................................................................................................66
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7.3.2
7.4.1.1.1 Smart Grid Market in China, Market Size (US$ million) and Y-o-Y Growth (%) ..66 India...........................................................................................................................66
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7.4.1.2
7.4.1.2.1 Smart Grid Market in India, Market Size (US$ million) and Y-o-Y Growth (%) ...66 7.4.1.3
Japan .........................................................................................................................67
7.4.1.3.1 Smart Grid Market in Japan, Market Size (US$ million) and Y-o-Y Growth (%)..67 7.4.1.4
Rest of Asia-Pacific ....................................................................................................67
7.4.1.4.1 Smart Grid Market in Rest of Asia-Pacific, Market Size (US$ million) and Y-o-Y Growth (%) ............................................................................................................................67 7.4.2
Asia-Pacific Smart Grid Market Share (%), By Type, 2016 & 2022................................68
7.4.3
Asia-Pacific Smart Grid Market Size (US$ million), By Type (2014 – 2022) ..................68
7.4.4
Asia-Pacific Smart Grid Market Share (%), By Solution, 2016 & 2022 ..........................69
7.4.5
Asia-Pacific Smart Grid Market Size (US$ million), By Solution (2014 – 2022).............69
7.4.6
Asia-Pacific Smart Grid Market Share (%), By Service, 2016 & 2022 ............................70
7.4.7
Asia-Pacific Smart Grid Market Size (US$ million), By Service (2014 – 2022)...............70
7.5
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Latin America ........................................................................................................................71
7.5.1 7.5.1.1
Latin America Smart Grid Market Share (%), By Country, 2016 & 2022.......................71 Brazil..........................................................................................................................72
7.5.1.1.1 Smart Grid Market in Brazil, Market Size (US$ million) and Y-o-Y Growth (%) ..72 7.5.1.2
Rest of Latin America ................................................................................................72
7.5.1.2.1 Smart Grid Market in Rest of Latin America, Market Size (US$ million) and Y-o-Y Growth (%) ............................................................................................................................72 7.5.2
Latin America Smart Grid Market Share (%), By Type, 2016 & 2022............................73
7.5.3
Latin America Smart Grid Market Size (US$ million), By Type (2014 – 2022) ..............73
7.5.4
Latin America Smart Grid Market Share (%), By Solution, 2016 & 2022 ......................74
7.5.5
Latin America Smart Grid Market Size (US$ million), By Solution (2014 – 2022).........74
7.5.6
Latin America Smart Grid Market Share (%), By Service, 2016 & 2022 ........................74
7.5.7
Latin America Smart Grid Market Size (US$ million), By Service (2014 – 2022)...........75
7.6.1 7.6.1.1
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Middle East & Africa .............................................................................................................76 Middle East & Africa Smart Grid Market Share (%), By Country, 2016 & 2022............76
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GCC............................................................................................................................77
7.6.1.1.1 Smart Grid Market in GCC, Market Size (US$ million) and Y-o-Y Growth (%) ....77 North Africa...............................................................................................................77
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7.6.1.2
7.6.1.3
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7.6.1.2.1 Smart Grid Market in North Africa, Market Size (US$ million) and Y-o-Y Growth (%) ............................................................................................................................77 South Africa...............................................................................................................78
7.6.1.3.1 Smart Grid Market in South Africa, Market Size (US$ million) and Y-o-Y Growth (%) ............................................................................................................................78 7.6.1.4
Rest of Middle East & Africa .....................................................................................78
7.6.1.4.1 Smart Grid Market in Rest of Middle East & Africa, Market Size (US$ million) and Y-o-Y Growth (%)............................................................................................................78
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7.6.2
Middle East & Africa Smart Grid Market Share (%), By Type, 2016 & 2022 .................79
7.6.3
Middle East & Africa Smart Grid Market Size (US$ million), By Type (2014 – 2022)....79
7.6.4
Middle East & Africa Smart Grid Market Share (%), By Solution, 2016 & 2022 ...........80
7.6.5
Middle East & Africa Smart Grid Market Size (US$ million), By Solution (2014 – 2022) .. .......................................................................................................................................80
7.6.6
Middle East & Africa Smart Grid Market Share (%), By Service, 2016 & 2022 .............81
7.6.7
Middle East & Africa Smart Grid Market Size (US$ million), By Service (2014 – 2022) 81
COMPETITIVE LANDSCAPE ............................................................................................................82
8.1
KEY MARKET PLAYERS ...................................................................................................................83 9.1
9.1.1
Overview .......................................................................................................................83
9.1.2
Key Strategy ..................................................................................................................83
9.1.3
Recent Development ....................................................................................................83
9.2
Siemens AG ...........................................................................................................................84
9.2.1
Overview .......................................................................................................................84
9.2.2
Key Strategy ..................................................................................................................84
9.2.3
Recent Development ....................................................................................................84
9.3
ABB Ltd..................................................................................................................................85 Overview .......................................................................................................................85
9.3.2
Key Strategy ..................................................................................................................85
9.3.3
Recent Development ....................................................................................................85
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9.4
General Electric.....................................................................................................................86 Overview .......................................................................................................................86
9.4.2
Key Strategy ..................................................................................................................86
9.4.3
Recent Development ....................................................................................................86
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9.4.1
9.5
Landis+Gyr.............................................................................................................................87
9.5.1
Overview .......................................................................................................................87
9.5.2
Key Strategy ..................................................................................................................87
9.5.3
Recent Development ....................................................................................................87
9.6
Itron Inc.................................................................................................................................88
9.6.1
Overview .......................................................................................................................88
9.6.2
Key Strategy ..................................................................................................................88
9.6.3
Recent Development ....................................................................................................88
9.7
Open System International, Inc. ...........................................................................................89
9.7.1
Overview .......................................................................................................................89
9.7.2
Key Strategy ..................................................................................................................89
9.7.3
Recent Development ....................................................................................................89
9.8
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Schneider Electric SE .............................................................................................................83
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Market Share Analysis...........................................................................................................82
IBM Corporation ...................................................................................................................90
9.8.1
Overview .......................................................................................................................90
9.8.2
Key Strategy ..................................................................................................................90
9.8.3
Recent Development ....................................................................................................90
9.9
Alstom ...................................................................................................................................91
9.9.1
Overview .......................................................................................................................91
9.9.2
Key Strategy ..................................................................................................................91
9.9.3
Recent Development ....................................................................................................91
9.10
Silver Spring Networks ..........................................................................................................92
9.10.1
Overview .......................................................................................................................92
9.10.2
Key Strategy ..................................................................................................................92
9.10.3
Recent Development ....................................................................................................92
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10 SCALAR 360 DEGREE MARKET PERSPECTIVE ................................................................................93 11 Appendix .......................................................................................................................................94
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Acronyms ..............................................................................................................................94
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List of Tables Table 1.
Definitions .........................................................................................................................13
Table 2.
Global Smart Grid Market – Executive Summary .............................................................18
Table 3.
Global Smart Grid Market Drivers.....................................................................................20
Table 4.
Global Smart Grid Market Restraints................................................................................21
Table 5.
Global Smart Grid Market Size (US$ million), By Type (2014 – 2022) ..............................27
Table 6.
Global Smart Grid Market Size (US$ million) for Solution, By Region (2014 – 2022) .......28
Table 7.
Global Smart Grid Market Size (US$ million) for Service, By Region (2014 – 2022).........30
Table 8.
Global Smart Grid Market Size (US$ million), By Solution (2014 – 2022).........................33
Table 9. Global Smart Grid Market Size (US$ million) for Advanced Metering Infrastructure, By Region (2014 – 2022) ............................................................................................................................34
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Table 10. Global Smart Grid Market Size (US$ million) for Smart Grid Distribution Management, By Region (2014 – 2022) ............................................................................................................................36
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Table 11. Global Smart Grid Market Size (US$ million) for Smart Grid Communication, By Region (2014 – 2022) ........................................................................................................................................38
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Table 12. Global Smart Grid Market Size (US$ million) for Grid Asset Management, By Region (2014 – 2022) ........................................................................................................................................40 Global Smart Grid Market Size (US$ million) for Other Solutions, By Region (2014 – 2022) ...........................................................................................................................................42
Table 14.
Global Smart Grid Market Size (US$ million), By Service (2014 – 2022) ..........................45
Table 15.
Global Smart Grid Market Size (US$ million) for Consulting, By Region (2014 – 2022) ...46
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Table 13.
Table 16. Global Smart Grid Market Size (US$ million) for Implementation & Integration, By Region (2014 – 2022) ........................................................................................................................................48 Table 17. – 2022)
Global Smart Grid Market Size (US$ million) for Repair & Maintenance, By Region (2014 ...........................................................................................................................................50
Table 18.
Global Smart Grid Market Size (US$ million), By Geography (2014 – 2022) ....................53
Table 19.
Smart Grid Market in U.S., Market Size (US$ million) and Y-o-Y Growth (%)...................55
Table 20.
Smart Grid Market in Canada, Market Size (US$ million) and Y-o-Y Growth (%) .............55
Table 21.
North America Smart Grid Market Size (US$ million), By Type (2014 – 2022).................56
Table 22.
North America Smart Grid Market Size (US$ million), By Solution (2014 – 2022) ...........57
Table 23.
North America Smart Grid Market Size (US$ million), By Service (2014 – 2022) .............58
Table 24.
Smart Grid Market in France, Market Size (US$ million) and Y-o-Y Growth (%) ..............60
Table 25.
Smart Grid Market in Germany, Market Size (US$ million) and Y-o-Y Growth (%) ..........60
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Smart Grid Market in U.K., Market Size (US$ million) and Y-o-Y Growth (%)...................61
Table 27.
Smart Grid Market in Rest of Europe, Market Size (US$ million) and Y-o-Y Growth (%) .61
Table 28.
Europe Smart Grid Market Size (US$ million), By Type (2014 – 2022) .............................62
Table 29.
Europe Smart Grid Market Size (US$ million), By Solution (2014 – 2022)........................63
Table 30.
Europe Smart Grid Market Size (US$ million), By Service (2014 – 2022) .........................64
Table 31.
Smart Grid Market in China, Market Size (US$ million) and Y-o-Y Growth (%) ................66
Table 32.
Smart Grid Market in India, Market Size (US$ million) and Y-o-Y Growth (%) .................66
Table 33.
Smart Grid Market in Japan, Market Size (US$ million) and Y-o-Y Growth (%)................67
Table 34. (%)
Smart Grid Market in Rest of Asia-Pacific, Market Size (US$ million) and Y-o-Y Growth ...........................................................................................................................................67
Table 35.
Asia-Pacific Smart Grid Market Size (US$ million), By Type (2014 – 2022) ......................68
Table 36.
Asia-Pacific Smart Grid Market Size (US$ million), By Solution (2014 – 2022).................69
Table 37.
Asia-Pacific Smart Grid Market Size (US$ million), By Service (2014 – 2022)...................70
Table 38.
Smart Grid Market in Brazil, Market Size (US$ million) and Y-o-Y Growth (%) ................72
Table 39. (%)
Smart Grid Market in Rest of Latin America, Market Size (US$ million) and Y-o-Y Growth 72
Table 40.
Latin America Smart Grid Market Size (US$ million), By Type (2014 – 2022) ..................73
Table 41.
Latin America Smart Grid Market Size (US$ million), By Solution (2014 – 2022).............74
Table 42.
Latin America Smart Grid Market Size (US$ million), By Service(2014 – 2022)................75
Table 43.
Smart Grid Market in GCC, Market Size (US$ million) and Y-o-Y Growth (%) ..................77
Table 44.
Smart Grid Market in North Africa, Market Size (US$ million) and Y-o-Y Growth (%) .....77
Table 45.
Smart Grid Market in South Africa, Market Size (US$ million) and Y-o-Y Growth (%) .....78
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Table 26.
Table 46. Smart Grid Market in Rest of Middle East & Africa, Market Size (US$ million) and Y-o-Y Growth (%) ...........................................................................................................................................78 Table 47.
Middle East & Africa Smart Grid Market Size (US$ million), By Type (2014 – 2022)........79
Table 48.
Middle East & Africa Smart Grid Market Size (US$ million), By Solution (2014 – 2022) ..80
Table 49.
Middle East & Africa Smart Grid Market Size (US$ million), By Service (2014 – 2022) ....81
Table 50.
List of Acronyms................................................................................................................94
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List of Figures Figure 1.
Research Methodology .....................................................................................................14
Figure 2.
Smart Grid Market, By Type..............................................................................................16
Figure 3.
Smart Grid Market, By Solution ........................................................................................16
Figure 4.
Smart Grid Market, By Service ..........................................................................................16
Figure 5.
Smart Grid Market, By Region` .........................................................................................16
Figure 6.
Smart Grid Market Value Chain Analysis ..........................................................................24
Figure 7.
Technology Product Roadmap..........................................................................................25
Figure 8.
Global Smart Grid Market Share (%), By Type, 2016 & 2022 ...........................................26
Figure 9.
Global Smart Grid Market Size (US$ million), By Type, 2016 & 2022 ...............................27 Global Smart Grid Market Size (US$ million) for Solution, By Region (2016 & 2022) ..29
Figure 11.
Global Smart Grid Market Size (US$ million) for Service, By Region (2016 & 2022) ....31
Figure 12.
Global Smart Grid Market Share (%), By Solution, 2016 & 2022 ..................................32
Figure 13.
Global Smart Grid Market Size (US$ million), By Solution, 2016 & 2022 .....................33
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Figure 10.
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Figure 14. Global Smart Grid Market Size (US$ million) for Advanced Metering Infrastructure, By Region (2016 & 2022) ...........................................................................................................................35 Figure 15. Global Smart Grid Market Size (US$ million) for Smart Grid Distribution Management, By Region (2016 & 2022) ......................................................................................................................37
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Figure 16. Global Smart Grid Market Size (US$ million) for Smart Grid Communication, By Region (2016 & 2022) .......................................................................................................................................39 Figure 17. Global Smart Grid Market Size (US$ million) for Grid Asset Management, By Region (2016 & 2022) .......................................................................................................................................41 Figure 18. 2022)
Global Smart Grid Market Size (US$ million) for Other Solution, By Region (2016 & .......................................................................................................................................43
Figure 19.
Global Smart Grid Market Share (%), By Service, 2016 & 2022....................................44
Figure 20.
Global Smart Grid Market Size (US$ million), By Service, 2016 & 2022 .......................45
Figure 21. 2022)
Global Smart Grid Market Size (US$ million) for Consulting Service, By Region (2016 & .......................................................................................................................................47
Figure 22. Global Smart Grid Market Size (US$ million) for Implementation & Integration, By Region (2016 & 2022) ...........................................................................................................................49 Figure 23. Global Smart Grid Market Size (US$ million) for Repair & Maintenance, By Region (2016 & 2022) .......................................................................................................................................51 Figure 24.
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Global Smart Grid Market Share (%), By Geography, 2016 & 2022..............................52
Global Smart Grid Market Size (US$ million), By Geography, 2016 & 2022 .................53
Figure 26.
North America Smart Grid Market Share (%), By Country, 2016 & 2022 .....................54
Figure 27.
North America Smart Grid Market Share (%), By Type, 2016 & 2022 ..........................56
Figure 28.
North America Smart Grid Market Share (%), By Solution, 2016 & 2022.....................57
Figure 29.
North America Smart Grid Market Share (%), By Service, 2016 & 2022 ......................58
Figure 30.
Europe Smart Grid Market Share (%), By Country, 2016 & 2022 .................................59
Figure 31.
Europe Smart Grid Market Share (%), By Type, 2016 & 2022 ......................................62
Figure 32.
Europe Smart Grid Market Share (%), By Solution, 2016 & 2022.................................63
Figure 33.
Europe Smart Grid Market Share (%), By Service, 2016 & 2022...................................64
Figure 34.
Asia-Pacific Smart Grid Market Share (%), By Country, 2016 & 2022...........................65
Figure 35.
Asia-Pacific Smart Grid Market Share (%), By Type, 2016 & 2022................................68
Figure 36.
Asia-Pacific Smart Grid Market Share (%), By Solution, 2016 & 2022 ..........................69
Figure 37.
Asia-Pacific Smart Grid Market Share (%), By Service, 2016 & 2022 ............................70
Figure 38.
Latin America Smart Grid Market Share (%), By Country, 2016 & 2022.......................71
Figure 39.
Latin America Smart Grid Market Share (%), By Type, 2016 & 2022............................73
Figure 40.
Latin America Smart Grid Market Share (%), By Solution, 2016 & 2022 ......................74
Figure 41.
Latin America Smart Grid Market Share (%), By Service, 2016 & 2022 ........................75
Figure 42.
Middle East & Africa Smart Grid Market Share (%), By Country, 2016 & 2022............76
Figure 43.
Middle East & Africa Smart Grid Market Share (%), By Type, 2016 & 2022 .................79
Figure 44.
Middle East & Africa Smart Grid Market Share (%), By Solution, 2016 & 2022 ...........80
Figure 45.
Middle East & Africa Smart Grid Market Share (%), By Service, 2016 & 2022 .............81
Figure 46.
Company Market Share Analysis, 2015 (%) ..................................................................82
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Figure 25.
1 MARKET OVERVIEW 1.1 Definitions Table 1.
Definitions
Segment
Definition Consists of smart meters, information management systems, analytics software and communication network solutions and devices.
Smart Grid Distribution Management
Takes in supervisory control and data acquisition (SCADA), energy management, outage management, distributed energy resource management, and demand response management solutions.
Smart Grid Communication
Includes network device management, network configuration management, network performance monitoring management, and network security management solutions.
Grid Asset Management
Consists of solutions that monitor performance of smart grid systems & devices such as transformers, breakers, switches and meters.
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Other Solutions
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Advanced Metering Infrastructure
Other smart grid solutions include billion information system and geographic information system.
Source: Scalar Market Research Analysis
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1.2 Research Methodology The research methodology for market research reports at Scalar Market Research includes a combination of top-down and bottom-up research formats. Continuous market tracking, rigorous fact-checking, data-triangulation, and multiple layers of quality control ensure high quality data that can be leveraged for actionable insights. Scalar Market Research’s research methodology starts with extensive secondary research. Important secondary sources include SEC filings, annual reports, financial reports, investor presentations, and technical & industry publications. Secondary research helps build a comprehensive map of the structure of the market. It helps identify key players in all market segments and helps build their profiles by identifying their financials, product portfolios, and growth strategies. It also identifies
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qualitative market factors like regulatory scenario, patent estates, and market
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developments.
Global
Top-down
Global Market Size
Market Size
Market-specific Revenues of Key Players
Segment-specific Market Size
Regional Total Revenues of Key Players
Market Size
Bottom-up Source: Scalar Market Research Analysis
14
A bottom-up market sizing format is used to arrive at the top-line market size. Revenues of key market players used to arrive at the market-specific revenues of each key market player. A process of inward bracketing is used to arrive at the market-specific revenues for each key market player. The market specific revenues are combined to arrive at the top-line global market size. Segment-specific and regional market sizes are estimated through top-down market sizing. Data synthesis and triangulation techniques are used to develop the market model. The model represents current consensus market opinion. The market estimates from the model are used to generate reports that include qualitative and quantitative
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insights about the market.
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1.3 Market Segmentation Smart Grid Market, By Type
Smart Grid Market, By Type Solution
Service
Source: Scalar Market Research Analysis
Smart Grid Market, By Solution
Smart Grid Distribution Management
Smart Grid Communication
Grid Asset Management
Other Solution
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Advanced Metering Infrastructure
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Smart Grid Market, By Solution
Source: Scalar Market Research Analysis
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Smart Grid Market, By Service
Smart Grid Market, By Service
Consulting
Implementation & Integration
Repair & Maintenance
Smart Grid Market, By Region`
Smart Grid Market, By Region North America
Europe
Source: Scalar Market Research Analysis
16
Asia-Pacific
Middle East & Africa
Latin America
1.4 Executive Summary 1.4.1 Global Smart Grid Market – Executive Summary Figure 10.
Global Smart Grid Market Size and Forecast (US$ million), 2014 – 2022
83,807.4 74,255.6 65,733.8 50,972.2
31,839.1
35,488.4
39,844.6
44,963.2
2015
2016
2018
2019
2020
2021
2022
SA
Source: Scalar Market Research Analysis
2017
M
2014
PL
E
US$ million
57,913.2
In 2015, the global smart grid market was valued at US$ 35,488.4 million and is estimated to reach US$ XX million by 2016 end, reflecting a Y-o-Y growth rate of XX%. The market is projected to be valued at US$ 83,8.7.4 million by the end of 2022 expanding at a CAGR of 13.2% during the forecast period. This is mainly driven by introduction of favorable government initiatives and increasing number of smart meter rollout across the globe.
17
Table 2.
Global Smart Grid Market – Executive Summary Market Size (US$ million)
Global Smart Grid Market Total
2016
2022
(2016 – 2022)
39,844.6
83,807.4
13.2%
Type
Largest Segment, by Revenue – Solution Segment Fastest Growing Segment – Service Segment
Solution
Largest Segment, by Revenue – Smart Grid Distribution Management Fastest Growing Segment – Others Subsegment
Largest Regional Market, by Revenue – Europe
M
Region
Maintenance
Fastest Growing Regional Market – Asia-Pacific
SA
Source: Scalar Market Research Analysis
18
E
Fastest Growing Segment – Repair &
PL
Service
Largest Segment, by Revenue – Implementation & Integration
CAGR%
2 MARKET DYNAMICS 2.1 Introduction Smart grid enables two-way communication of information and data, capable of monitoring and analyzing customer preferences, grid-connected devices and electrical systems. It utilizes digital communication technology and devices to detect and react in advance to local changes in electricity demand and usage. Also, smart grid involves the application of advanced control and communications technologies and enhances efficiency, reliability, and security of existing power grid. This has become a major driver that is responsible for ongoing modernization of the traditional power delivery infrastructure. Smart grid includes various advanced technologies such as advanced metering infrastructure (AMI), supervisory control and data acquisition (SCADA) system, distribution automation (DA), grid networking
SA
M
PL
E
technology, cyber security and transmission upgrades.
19
2.2 Drivers Table 3.
Global Smart Grid Market Drivers
Drivers ďƒ˜ Introduction
of
Favourable
Impact
Impact
Impact
2014-
2017-
2020-
2016
2019
2022
Government
Initiatives, Policies and Regulations Across the Globe o
In 2016, The State Grid Corporation of China launched Global Energy Interconnection project
E
and announced investment of US$ 50 trillion.
SA
o
M
PL
o
20
2.3 Restraints Table 4.
Global Smart Grid Market Restraints Impact
Restraints
20142016
ďƒ˜ Data Privacy and Security Threats o
Data privacy and system security threats associated
with
smart
metering
have
increased due to growing number of cyberattacks.
PL
E
ďƒ˜
SA
M
o
21
Impact 2017-2019
Impact 20202022
3 INDUSTRY ANALYSIS 3.1 Value Chain Analysis Following are the major participants in the smart grid market value chain:
Component Providers
Manufacturers and Assemblers
Solution Providers
End-users
Smart Grid Market Value Chain Analysis
PL
M
• Smart Meter Manufacturers • Communication Devices • Grid Automation Systems
SA
• Sensors • Integrated Circuits • Chips • Capacitors • Resistors
Infineon Technologies AG, STMicroelectronics etc.
General Electric, Elster, Landis+Gyr, Itron etc.
Source: Scalar Market Research Analysis
24
Solution Providers
E
Manufacturers and Assemblers
Component Providers
• Cyber Security Solution • Grid Management Solutions • Demand Response Solution
Schneider Electric SE, Alstom, IBM Corporation etc.
End-Users
• Utilities • Transmission Operator • Virtual Power Plants
4 SMART GRID MARKET, BY TYPE 4.1 Overview The smart grid market is segmented based on type into solution and service segments. Of these solution segment dominated the market in 2015, accounting for XX% market share. Also, the segment is expected to remain dominant by the end of 2022, with XX% market share. Increasing demand for smart grid technology solution especially in emerging markets for Asia-Pacific and Middle East & Africa to enhance grid efficiency and reduce electricity outage is expected to drive growth of the market over the forecast period. However, service segment is anticipated to expand at the highest CAGR of XX% between 2016 and 2022. Increasing spending on smart grid services by utilities operating in established markets such as Europe and North
PL
E
America is fueling the segment growth.
4.1.1 Global Smart Grid Market Share (%), By Type, 2016 & 2022
37%
SA
2016
M
Global Smart Grid Market Share (%), By Type, 2016 & 2022
2022
Solution 44% 56%
63%
Source: Scalar Market Research Analysis
26
Service
4.1.2 Global Smart Grid Market Size (US$ million), By Type (2014 – 2022) Table 5. Type
Global Smart Grid Market Size (US$ million), By Type (2014 – 2022) 2014
2015
2016
2017
2018
2019
2020
2021
2022
CAGR% (2016 – 2022)
Solution Service Total Source: Scalar Market Research Analysis
4.1.3 Global Smart Grid Market Size (US$ million), By Type, 2016 & 2022
E
Global Smart Grid Market Size (US$ million), By Type, 2016 & 2022
PL 14,637.9
Solution
Source: Scalar Market Research Analysis
27
37,128.1
M
25,206.7
SA
US$ million
46,679.2
Service 2016
2022
4.2 Solution Spending on smart grid solutions by utilities increased from US$ XX million in 2014 to US$ XX million in 2015. The segment is expected to witness a CAGR of XX% between 2016 and 2022. Expenditure on smart grid solution has increased by both private and public electric utilities across the globe. Mainly smart grid distribution management and smart grid communication solutions are more in demand to enhance electricity services.
4.2.1 Global Smart Grid Market Size (US$ million) for Solution, By Region (2014 – 2022)
2014
2015
2016
2017
North America
Latin America Middle East &
2020
2021
2022
(2016 – 2022)
SA
AsiaPacific
2019
CAGR%
M
Europe
2018
E
Region
Global Smart Grid Market Size (US$ million) for Solution, By Region (2014 – 2022)
PL
Table 6.
Africa Total
22,948.2
Source: Scalar Market Research Analysis
28
46,679.2
10.8%
5 SMART GRID MARKET, BY SOLUTION 5.1 Overview There are primarily five types of smart grid solutions such as advanced metering infrastructure, smart grid distribution management, smart grid communication, grid asset management, and other solutions. Among these solutions, the smart grid distribution management was the largest sub-segment with XX% market share in 2015. Increasing deployment of SCADA, outage management and demand response management solutions across the globe is fueling growth of this segment. However, advanced metering infrastructure sub-segment is expected to expand at the highest CAGR between 2016 and 2022. This growth is mainly attributed to rise in spending by end-users on meter data management and advanced metering
E
infrastructure security solutions. Also, increasing number of smart meter roll outs by governments in both developed and developing regions is further boosting growth of
PL
advanced metering infrastructure sub-segment growth.
M
5.1.1 Global Smart Grid Market Share (%), By Solution, 2016 & 2022
SA
Global Smart Grid Market Share (%), By Solution, 2016 & 2022 2016
11.7%
2022 12.9%
11.1%
20.0%
Advanced Metering Infrastructure 13.2%
Smart Grid Distribution Management Smart Grid Communication
21.5% 31.1%
33.3%
Grid Asset Management 23.9%
Source: Scalar Market Research Analysis
32
21.3%
Other
5.1.2 Global Smart Grid Market Size (US$ million), By Solution (2014 – 2022) Table 8.
Global Smart Grid Market Size (US$ million), By Solution (2014 – 2022)
Solution
2014
2015
2016
2017
2018
2019
2020
2021
2022
CAGR% (2016 – 2022)
Advanced Metering Infrastructure Smart Grid Distribution Management Smart Grid Communication Grid Asset Management Other
E
Total
PL
Source: Scalar Market Research Analysis
M
5.1.3 Global Smart Grid Market Size (US$ million), By Solution, 2016 & 2022 Global Smart Grid Market Size (US$ million), By Solution, 2016 & 2022
SA
US$ million
14,495.1
9,947.9
10,058.5
8,392.2
6,159.7
6,014.5
5,052.8
2,959.2
2,788.0
Advanced Metering Infrastructure
Smart Grid Distribution Management
Smart Grid Communication 2016
Source: Scalar Market Research Analysis
33
6,017.9
2022
Grid Asset Management
Other
5.2 Advanced Metering Infrastructure Advanced metering infrastructure sub-segment revenue is expected to grow at the highest CAGR of XX% during the forecast period to reach US$ XX million by the end of 2022. This growth is mainly attributed to increasing rollouts of smart metering technologies in both developed and developing countries such as U.K., France, China and India.
5.2.1 Global Smart Grid Market Size (US$ million) for Advanced Metering Infrastructure, By Region (2014 – 2022) Table 9.
Global Smart Grid Market Size (US$ million) for Advanced Metering Infrastructure, By Region (2014 – 2022) 2014
2015
2016
2017
North America Europe
M
Asia-
America Middle East & Africa
SA
Pacific Latin
Total Source: Scalar Market Research Analysis
34
2018
2019
2020
PL
Region
E
CAGR% 2021
2022
(2016 – 2022)
7 SMART GRID MARKET, BY GEOGRAPHY 7.1 Overview The market has been segmented by major geographies into North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Among these regions, Europe dominated the global smart grid market in 2015 and accounted for XX% market share. Also, the region is anticipated to remain dominant over the forecast period. However, Asia-Pacific is projected to expand at the highest CAGR of XX% between 2016 and 2022. This is mainly attributed to increasing government support and deployment of smart meters in residential sector. Emerging markets in the market are China, India and Brazil.
PL
E
7.1.1 Global Smart Grid Market Share (%), By Geography, 2016 & 2022 Global Smart Grid Market Share (%), By Geography, 2016 & 2022
5.8%
6.5%
2022
M
2016
6.7%
7.7%
Europe 29.2%
SA
30.0%
15.2%
42.4%
Source: Scalar Market Research Analysis
52
North America
Asia-Pacific
19.0%
Latin America
37.4%
Middle East & Africa
7.1.2 Global Smart Grid Market Size (US$ million), By Geography (2014 – 2022) Table 18. Global Smart Grid Market Size (US$ million), By Geography (2014 – 2022) Geography
2014
2015
2016
2017
2018
2019
2020
2021
2022
CAGR% (2016 – 2022)
83,807.4
13.2%
North America Europe AsiaPacific Middle East & Africa Latin America Total
E
35,488.4
PL
Source: Scalar Market Research Analysis
M
7.1.3 Global Smart Grid Market Size (US$ million), By Geography, 2016 & 2022 Global Smart Grid Market Size (US$ million), By Geography, 2016 & 2022
SA
31,332.5
US$ million
24,493.8
16,886.7
15,940.8
11,971.4 6,074.9
5,583.2 2,321.8
North America
Europe
Asia-Pacific 2016
Source: Scalar Market Research Analysis
53
2022
Latin America
6,457.1 2,589.8 Middle East & Africa
7.2 North America North America was the second largest regional market in 2015, occupying XX% of the global market revenue. Major market in North America was dominated by U.S., constituting XX% market share in 2015. Increasing investment on smart meter implementation by the American Recovery and Reinvestment Act (ARRA) is driving the growth of market in the region. Also, growing focus of utilities on integration of renewable energy with smart grid especially in commercial and industrial sectors is anticipated to fuel growth of the market by the end of 2022. 7.2.1 North America Smart Grid Market Share (%), By Country, 2016 & 2022 North America Smart Grid Market Share (%), By Country, 2016 & 2022 2022
E
2016
20.2%
M
PL
21.5%
SA
79.8%
Source: Scalar Market Research Analysis
54
U.S.
Canada 78.5%
7.2.1.1 U.S. 7.2.1.1.1 Smart Grid Market in U.S., Market Size (US$ million) and Y-o-Y Growth (%)
Table 19. Smart Grid Market in U.S., Market Size (US$ million) and Y-o-Y Growth (%) CAGR% Year
2014
2015
2016
2017
2018
2019
2020
2021
2022
(2016 – 2022)
Market Size Y-o-Y Growth Source: Scalar Market Research Analysis
E
7.2.1.2 Canada
PL
7.2.1.2.1 Smart Grid Market in Canada, Market Size (US$ million) and Y-o-Y Growth (%)
2014
Market Size Y-o-Y Growth
2015
2016
Source: Scalar Market Research Analysis
55
2017
SA
Year
M
Table 20. Smart Grid Market in Canada, Market Size (US$ million) and Y-o-Y Growth (%) 2018
CAGR% 2019
2020
2021
2022
(2016 – 2022)
8 COMPETITIVE LANDSCAPE 8.1 Market Share Analysis Company Market Share Analysis, 2015 (%)
2015
ABB Ltd. 10.1%
Siemens AG 9.5% Schneider Electric SE 8.2%
E
56.4%
PL
6.5%
5.1%
General Electric Itron Inc. Landis+Gyr Other Players
SA
Source: Scalar Market Research Analysis
M
4.2%
The smart grid market is fragmented in nature, with over XX% of market share occupied by other players. However, ABB Ltd. and Siemens AG dominated the smart grid market with XX% and XX% market share in 2015, respectively. Major players in the market are concentrating on introducing advanced smart grid solutions and systems to expand their existing portfolio and enhance customer base. Other major players in the market are IBM Corporation, Alstom, Open System International, Inc., and Silver Spring Networks.
82
11 Appendix 11.1 Acronyms Table 50. List of Acronyms Acronym
Expansion
CAGR
Compound Annual Growth Rate
SCADA
Supervisory control and data acquisition
MEA
Middle East & Africa
AMI
Advanced Metering Infrastructure
GCC
Gulf Cooperation Council
SA
M
PL
E
Source: Scalar Market Research Analysis
94