Energy & Green Renewable Technology Market News

Smart Grid industry to exhibit remarkable gains over 2018-2025 details shared in report

Energy and Power

Global Smart Grid  was valued at USD 20.49 Billion in the year 2017. Global Smart Grid Industry is further estimated to grow at a CAGR of 18.83% from 2017 to reach USD 81.45 Billion by the year 2025.

Global   was valued at USD 20.49 Billion in the year 2017. Global Smart Grid Industry is further estimated to grow at a CAGR of 18.83% from 2017 to reach USD 81.45 Billion by the year 2025.

North America region holds the highest Industry share in 2016 and North America Industry is considered as the fastest growing Industry in the forecasted period. At a country level U.S, Canada, Mexico holds the highest Industry share in 2016 and it is projected to grow strongly in the coming years.

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The major player in smart grid Industry are ALSTOM, Aclara Technologies LLC., General Electric Company, Schneider Electric SA, Oracle Corporation, ABB Ltd., Cisco Systems Inc., Siemens AG, Open Systems International Inc., Wipro Limited.

SWOT Analysis of Smart Grid Industry

Strength

             Government Legislation and Policies

Weakness

             Installation cost is higher

Opportunities

             Enable Industry for electricity to flourish

Threats

             Network communication is critical

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The Global Smart Grid Industry is segmented by hardware, by software, and by services in the forecasted period. In Software segment, the major shares of the Industry come from Communication segment in Global Smart Grid Industry.

As hardware and software come under communication and together create a mesh network. On the other hand, by hardware type, Sensors for Smart Grid Industry is expected to grow at highest CAGR during the year 2018-2025.

Global Smart Grid Industry Overview By Software

Smart Grid Distribution Management                  

Advanced Metering Infrastructure

Smart Grid Communication

Billing and Customer Information System

Substation Automation

Grid Asset Management

Global Smart Grid Industry Overview By Service

Maintenance & Support

Consulting

Deployment & Integration

Global Smart Grid Industry Overview By Hardware

Sensors

Programmable Logic Controller

Advanced Metering Infrastructure (AMI) Meter

Networking Hardware

Others

Global Smart Grid Industry Overview By Region

North America

  • • USA
  • • Canada

Europe

  • • Germany
  • • U.K.
  • • France
  • • Italy
  • • Rest of Europe

APAC

  • • China
  • • India
  • • Japan
  • • Rest of Asia-Pacific

RoW

  • • Latin America
  • • Middle East & Africa

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