Name: Smart Grid Market by Component (Software, Hardware, Services), By Application (Generation, Transmission, Distribution, Consumption/End Use), By Communication Technology (Wireline, Wireless) And by Region, Global Trends and Forecast From 2019 To 2028
Price: 3499 USD
Availability: InStock
Rating: 4.5 (90 reviews)
Author: Exactitude Consultancy
ISBN: 1855

Smart Grid Market Overview

The global smart grid market is expected to grow at 19.1% CAGR from 2019 to 2028. It is expected to reach above USD 145.65 billion by 2028 from USD 30.43 billion in 2019.

A smart grid represents a contemporary advancement in the distribution of electricity, integrating digital technologies, bidirectional communication, and sophisticated sensors to optimize various aspects of electricity generation, distribution, and consumption. By facilitating real-time monitoring and control of electricity flow, implementing advanced metering infrastructure to gather detailed consumption data, incorporating renewable energy sources and distributed energy resources, automating grid operations, supporting demand response initiatives, and utilizing predictive analytics, smart grids significantly enhance the efficiency, reliability, sustainability, and flexibility of the grid infrastructure.

Governments worldwide have enacted numerous supportive policies and mandates aimed at promoting the adoption of smart grid technology and raising awareness about energy conservation. These regulatory measures serve to drive the adoption of smart grid solutions across industrial, commercial, and residential sectors, fostering widespread implementation and usage.

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Smart Grid Market | Exactitude Consultancy[/caption]

One significant initiative is the Smart Grid Investment Grant (SGIG) program initiated by the Department of Energy (DOE) in the United States, which received an allocation of USD 4.5 billion through the American Recovery and Reinvestment Act of 2009 (Recovery Act). Under this program, the DOE, in collaboration with the electricity sector, has invested USD 8 billion across 99 cost-shared projects. Over 200 electric utilities and other organizations have participated in these projects, which aim to modernize electric grid infrastructure, bolster cybersecurity measures, improve interoperability, and collect comprehensive data on smart grid operations and its associated benefits.

Similarly, grid projects in Canada are focused on promoting the utilization of renewable energy sources while integrating Internet of Things (IoT) and digital communication technologies. These initiatives aim to seamlessly integrate new sources of clean energy into existing grids without compromising their stability and reliability. In the United States, the American Recovery and Reinvestment Act (ARRA) allocated USD 3.4 billion for utilities under the smart grid investment grant program, along with an additional USD 615 million for smart grid demonstration projects.

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Smart Grid Market | Exactitude Consultancy[/caption]

Smart Grid Market Segment Analysis

Global smart grid market is distributed by component into software, hardware and services. On the basis of application, the market is categorized into generation, transmission, distribution, consumption/end use and by communication technology into wireline, wireless.

The solution segment holds the largest market share and is anticipated to remain dominant during the smart grid market coming years.

The main reason for the growth of solution segment is less cost and heavy need to shift from conventional energy sources to sustainable and renewable energy resources. The rising awareness about security and data privacy is expected to steer the growth of global smart grid market in near future.

Smart Grid Market Players

It & telecommunication companies to small ones, many companies are actively working in the global smart grid market. These key players include, ABB, Honeywell International, Inc., Schneider Electric, IBM, Itron, Siemens, General Electric, Eton, Tech Mahindra, Mitsubishi Electric.

Companies are mainly in the device manufacturing and they are competing closely with each other. Innovation is one of the most important and key strategy as it has to be for any smart grid related market. However, companies in the market have also opted and successfully driven inorganic growth strategies like mergers & acquisition and so on.

In 2021, Schneider Electric has acquired DC Systems BV. It is a major supplier of smart systems. This has helped the company in advancing innovations in electrical distribution.
In 2020, Siemens Energy has introduced Unified Power Flow Controller (UPFC) PLUS and expanded the options for grid stabilization. Siemens is a parent company of Siemens Energy.
In 2018, GE Power’s Grid Solutions has collaborated with Tata Power Delhi Distribution. In this collaboration, both companies have released advanced Distribution Management Solution (ADMS).
In May 2018, Itron has signed agreement with Jamaica Public Service Company (JPS) to provide Itron’s smart grid solution for Jamaica.

Who Should Buy? Or Key Stakeholders

Electronic Products manufacturers
Smart grid Suppliers
IT & Telecommunication companies
Investors
Manufacturing companies
End user companies
Research institutes
Electronic

Smart Grid Market Regional Analysis

The global market by region includes North America, Asia-Pacific (APAC), Europe, South America, and Middle East & Africa (MEA).

North America: includes the US, Canada, Mexico
Asia Pacific: includes China, Japan, South Korea, India, Australia, ASEAN and Rest of APAC
Europe: includes UK, Germany, France, Italy, Spain, Russia, and Rest of Europe
South America: includes Brazil, Argentina and Rest of South America
Middle East & Africa: includes Turkey, UAE, Saudi Arabia, South Africa, and Rest of MEA

Its major share is occupied by North America, Europe and Asia Pacific region. North America shares 34% of total market. After that Rest of the World to the 66% of global market respectively.

North America dominates the market for smart grid market, and is expected to continue its stronghold for a few more years.

Growing emergence of electric vehicles and rise in budget done by private and public as well as government entities in this region. This factor is expected to drive the growth of global smart grid market over the coming years. Asia Pacific is contributing a decent revenue share to the smart grid industry owing to the rising preference of vehicles by consumers. The growth in demand to link up the remote and rural communities to national grid and increase in need to overcome the electricity outage is likely to contribute the demand for global smart grid market

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Key Market Segments: Global Smart Grid Market

Global Market by Components, 2019-2028, (In USD Million)

Software
- Advanced Metering Infrastructure
- Smart Grid Distribution Management
- Smart Grid Network Management
- Grid Asset Management
- Substation Automation
- Smart Grid Security
- Billing And Customer Information System
Hardware
- Smart Meters
- Sensors
- Programmable Logic Controller (PLC)
- Others (Networking Hardware and Energy Storage)
Services
- Consulting
- Deployment And Integration
- Support And Maintenance

Global Market by Application, 2019-2028, (In USD Million)

Generation
Transmission
Distribution
Consumption

Global Market by Communication Technology, 2019-2028, (In USD Million)

Wireline
Wireless

Global Market by Region, 2019-2028, (In USD Million)

North America
Europe
Asia Pacific
South America
Middle East and Africa

Important Countries in All Regions Are Covered.

Key Question Answered

What are the growth opportunities related to the adoption of smart grid across major regions in the future?
What are the new trends and advancements in the smart grid market?

Which product categories are expected to have highest growth rate in the smart grid market?

Which are the key factors driving the smart grid market?
What will the market growth rate, growth momentum or acceleration the market carries during the forecast period?

Introduction
1. Market Definition
2. Market Segmentation
3. Research Timelines
4. Assumptions and Limitations

Research Methodology
1. Data Mining
  1. Secondary Research
  2. Primary Research
  3. Subject-Matter Experts’ Advice
2. Quality Checks
  1. Final Review
3. Data Triangulation
  1. Bottom-Up Approach
  2. Top-Down Approach
  3. Research Flow
4. Data Sources

Executive Summary

Market Overview
1. Global Smart Grid Market Outlook
  1. Market Drivers
  2. Market Restraints
  3. Market Opportunities
2. Impact of Covid-19 On Global Smart Grid Market

Global Smart Grid by components, (USD Million)
1. Software
  1. Advanced Metering Infrastructure
  2. Smart Grid Distribution Management
  3. Smart Grid Network Management
  4. Grid Asset Management
  5. Substation Automation
  6. Smart Grid Security
  7. Billing And Customer Information System
2. Hardware
  1. Smart Meters
  2. Sensors
  3. Programmable Logic Controller (Plc)
  4. Others (Networking Hardware and Energy Storage)
3. Services
  1. Consulting
  2. Deployment And Integration
  3. Support And Maintenance

Global Smart Grid Market by Application, (USD Million)
1. Generation
2. Transmission
3. Distribution
4. Consumption

Global Smart Grid Market by Communication Technology, (USD Million)
1. WIRELINE
2. WIRELESS

Global Smart Grid Market by Region, (USD Million)
1. Introduction
2. Asia-Pacific
  1. China
  2. India
  3. Japan
  4. South Korea
  5. Australia
  6. South-East Asia
  7. Rest of Asia-Pacific
3. North America
  1. United States
  2. Canada
  3. Mexico
4. Europe
  1. Germany
  2. United Kingdom
  3. France
  4. Italy
  5. Spain
  6. Russia
  7. Rest of Europe
5. South America
  1. Brazil
  2. Argentina
  3. Colombia
  4. Rest of South America
6. Middle- East and Africa
  1. UAE
  2. Saudi Arabia
  3. South Africa
  4. Rest of Middle- East and Africa

Company Profiles* (Business Overview, Company Snapshot, Products Offered, Recent Developments)
1. ABB
2. Honeywell International, Inc.
3. Schneider Electric
4. IBM
5. Itron
6. Siemens
7. General Electric
8. Eton
9. Tech Mahindra
10. Mitsubishi Electric
11. Others

LIST OF TABLES

TABLE 1                 GLOBAL SMART GRID MARKET BY COMPONENTS (USD MILLIONS), 2019-2028

TABLE 2                 GLOBALSMART GRID MARKET BY COMPONENTS (KILOTONS), 2019-2028

TABLE 3                 GLOBAL SMART GRID MARKET BY APPLICATION (USD MILLIONS), 2019-2028

TABLE 4                 GLOBAL SMART GRID MARKET BY APPLICATION (KILOTONS), 2019-2028

TABLE 5                GLOBAL SMART GRID MARKET BY COMMUNICATION TECHNOLOGY (USD MILLIONS), 2019-2028

TABLE 6                 GLOBAL SMART GRID MARKET BY COMMUNICATION TECHNOLOGY (KILOTONS), 2019-2028

TABLE 7                 GLOBAL SMART GRID MARKET BY REGION (USD MILLIONS), 2019-2028

TABLE 8                 GLOBAL SMART GRID MARKET BY REGION (KILOTONS), 2019-2028

TABLE 9                 NORTH AMERICA SMART GRID MARKET BY COUNTRY (USD MILLIONS), 2019-2028

TABLE 10              NORTH AMERICA SMART GRID MARKET BY COUNTRY (KILOTONS), 2019-2028

TABLE 11              NORTH AMERICA SMART GRID MARKET BY COMPONENTS (USD MILLIONS), 2019-2028

TABLE 12              NORTH AMERICA SMART GRID MARKET BY COMPONENTS (KILOTONS), 2019-2028

TABLE 13              NORTH AMERICA SMART GRID MARKET BY APPLICATION (USD MILLIONS), 2019-2028

TABLE 14              NORTH AMERICA SMART GRID MARKET BY APPLICATION (KILOTONS), 2019-2028

TABLE 15              NORTH AMERICA SMART GRID MARKET BY COMMUNICATION TECHNOLOGY (USD MILLIONS), 2019-2028

TABLE 16              NORTH AMERICA SMART GRID MARKET BY COMMUNICATION TECHNOLOGY (KILOTONS), 2019-2028

TABLE 17              US SMART GRID MARKET BY COMPONENTS (USD MILLIONS), 2019-2028

TABLE 18              US SMART GRID MARKET BY COMPONENTS (KILOTONS), 2019-2028

TABLE 19              US SMART GRID MARKET BY APPLICATION (USD MILLIONS), 2019-2028

TABLE 20              US SMART GRID MARKET BY APPLICATION (KILOTONS), 2019-2028

TABLE 21              US SMART GRID MARKET BY COMMUNICATION TECHNOLOGY (USD MILLIONS), 2019-2028

TABLE 22              US SMART GRID MARKET BY COMMUNICATION TECHNOLOGY (KILOTONS), 2019-2028

TABLE 23              CANADA SMART GRID MARKET BY COMPONENTS (MILLIONS), 2019-2028

TABLE 24              CANADA SMART GRID MARKET BY COMPONENTS (KILOTONS), 2019-2028

TABLE 25              CANADA SMART GRID MARKET BY APPLICATION (USD MILLIONS), 2019-2028

TABLE 26              CANADA SMART GRID MARKET BY APPLICATION (KILOTONS), 2019-2028

TABLE 27              CANADA SMART GRID MARKET BY COMMUNICATION TECHNOLOGY (USD MILLIONS), 2019-2028

TABLE 28              CANADA SMART GRID MARKET BY COMMUNICATION TECHNOLOGY (KILOTONS), 2019-2028

TABLE 29              MEXICO SMART GRID MARKET BY COMPONENTS (USD MILLIONS), 2019-2028

TABLE 30              MEXICO SMART GRID MARKET BY COMPONENTS (KILOTONS), 2019-2028

TABLE 31              MEXICO SMART GRID MARKET BY APPLICATION (USD MILLIONS), 2019-2028

TABLE 32              MEXICO SMART GRID MARKET BY APPLICATION (KILOTONS), 2019-2028

TABLE 33              MEXICO SMART GRID MARKET BY COMMUNICATION TECHNOLOGY (USD MILLIONS), 2019-2028

TABLE 34              MEXICO SMART GRID MARKET BY COMMUNICATION TECHNOLOGY (KILOTONS), 2019-2028

TABLE 35              SOUTH AMERICA SMART GRID MARKET BY COUNTRY (USD MILLIONS), 2019-2028

TABLE 36              SOUTH AMERICA SMART GRID MARKET BY COUNTRY (KILOTONS), 2019-2028

TABLE 37              SOUTH AMERICA SMART GRID MARKET BY COMPONENTS (USD MILLIONS), 2019-2028

TABLE 38              SOUTH AMERICA SMART GRID MARKET BY COMPONENTS (KILOTONS), 2019-2028

TABLE 39              SOUTH AMERICA SMART GRID MARKET BY APPLICATION (USD MILLIONS), 2019-2028

TABLE 40              SOUTH AMERICA SMART GRID MARKET BY APPLICATION (KILOTONS), 2019-2028

TABLE 41              SOUTH AMERICA SMART GRID MARKET BY COMMUNICATION TECHNOLOGY (USD MILLIONS), 2019-2028

TABLE 42              SOUTH AMERICA SMART GRID MARKET BY COMMUNICATION TECHNOLOGY (KILOTONS), 2019-2028

TABLE 43              BRAZIL SMART GRID MARKET BY COMPONENTS (USD MILLIONS), 2019-2028

TABLE 44              BRAZIL SMART GRID MARKET BY COMPONENTS (KILOTONS), 2019-2028

TABLE 45              BRAZIL SMART GRID MARKET BY APPLICATION (USD MILLIONS), 2019-2028

TABLE 46              BRAZIL SMART GRID MARKET BY APPLICATION (KILOTONS), 2019-2028

TABLE 47              BRAZIL SMART GRID MARKET BY COMMUNICATION TECHNOLOGY (USD MILLIONS), 2019-2028

TABLE 48              BRAZIL SMART GRID MARKET BY COMMUNICATION TECHNOLOGY (KILOTONS), 2019-2028

TABLE 49              ARGENTINA SMART GRID MARKET BY COMPONENTS (USD MILLIONS), 2019-2028

TABLE 50              ARGENTINA SMART GRID MARKET BY COMPONENTS (KILOTONS), 2019-2028

TABLE 51              ARGENTINA SMART GRID MARKET BY APPLICATION (USD MILLIONS), 2019-2028

TABLE 52              ARGENTINA SMART GRID MARKET BY APPLICATION (KILOTONS), 2019-2028

TABLE 53              ARGENTINA SMART GRID MARKET BY COMMUNICATION TECHNOLOGY (USD MILLIONS), 2019-2028

TABLE 54              ARGENTINA SMART GRID MARKET BY COMMUNICATION TECHNOLOGY (KILOTONS), 2019-2028

TABLE 55              COLOMBIA SMART GRID MARKET BY COMPONENTS (USD MILLIONS), 2019-2028

TABLE 56              COLOMBIA SMART GRID MARKET BY COMPONENTS (KILOTONS), 2019-2028

TABLE 57              COLOMBIA SMART GRID MARKET BY APPLICATION (USD MILLIONS), 2019-2028

TABLE 58              COLOMBIA SMART GRID MARKET BY APPLICATION (KILOTONS), 2019-2028

TABLE 59              COLOMBIA SMART GRID MARKET BY COMMUNICATION TECHNOLOGY (USD MILLIONS), 2019-2028

TABLE 60              COLOMBIA SMART GRID MARKET BY COMMUNICATION TECHNOLOGY (KILOTONS), 2019-2028

TABLE 61              REST OF SOUTH AMERICA SMART GRID MARKET BY COMPONENTS (USD MILLIONS), 2019-2028

TABLE 62              REST OF SOUTH AMERICA SMART GRID MARKET BY COMPONENTS (KILOTONS), 2019-2028

TABLE 63              REST OF SOUTH AMERICA SMART GRID MARKET BY APPLICATION (USD MILLIONS), 2019-2028

TABLE 64              REST OF SOUTH AMERICA SMART GRID MARKET BY APPLICATION (KILOTONS), 2019-2028

TABLE 65              REST OF SOUTH AMERICA SMART GRID MARKET BY COMMUNICATION TECHNOLOGY (USD MILLIONS), 2019-2028

TABLE 66              REST OF SOUTH AMERICA SMART GRID MARKET BY COMMUNICATION TECHNOLOGY (KILOTONS), 2019-2028

TABLE 67              ASIA-PACIFIC SMART GRID MARKET BY COUNTRY (USD MILLIONS), 2019-2028

TABLE 68              ASIA-PACIFIC SMART GRID MARKET BY COUNTRY (KILOTONS), 2019-2028

TABLE 69              ASIA-PACIFIC SMART GRID MARKET BY COMPONENTS (USD MILLIONS), 2019-2028

TABLE 70              ASIA-PACIFIC SMART GRID MARKET BY COMPONENTS (KILOTONS), 2019-2028

TABLE 71              ASIA-PACIFIC SMART GRID MARKET BY APPLICATION (USD MILLIONS), 2019-2028

TABLE 72              ASIA-PACIFIC SMART GRID MARKET BY APPLICATION (KILOTONS), 2019-2028

TABLE 73              ASIA-PACIFIC SMART GRID MARKET BY COMMUNICATION TECHNOLOGY (USD MILLIONS), 2019-2028

TABLE 74              ASIA-PACIFIC SMART GRID MARKET BY COMMUNICATION TECHNOLOGY (KILOTONS), 2019-2028

TABLE 75              INDIA SMART GRID MARKET BY COMPONENTS (USD MILLIONS), 2019-2028

TABLE 76              INDIA SMART GRID MARKET BY COMPONENTS (KILOTONS), 2019-2028

TABLE 77              INDIA SMART GRID MARKET BY APPLICATION (USD MILLIONS), 2019-2028

TABLE 78              INDIA SMART GRID MARKET BY APPLICATION (KILOTONS), 2019-2028

TABLE 79              INDIA SMART GRID MARKET BY COMMUNICATION TECHNOLOGY (USD MILLIONS), 2019-2028

TABLE 80              INDIA SMART GRID MARKET BY COMMUNICATION TECHNOLOGY (KILOTONS), 2019-2028

TABLE 81              CHINA SMART GRID MARKET BY COMPONENTS (USD MILLIONS), 2019-2028

TABLE 82              CHINA SMART GRID MARKET BY COMPONENTS (KILOTONS), 2019-2028

TABLE 83              CHINA SMART GRID MARKET BY COMPONENTS (KILOTONS), 2019-2028

TABLE 84              CHINA SMART GRID MARKET BY APPLICATION (USD MILLIONS), 2019-2028

TABLE 85              CHINA SMART GRID MARKET BY APPLICATION (KILOTONS), 2019-2028

TABLE 86              CHINA SMART GRID MARKET BY COMMUNICATION TECHNOLOGY (USD MILLIONS), 2019-2028

TABLE 87              CHINA SMART GRID MARKET BY COMMUNICATION TECHNOLOGY (KILOTONS), 2019-2028

TABLE 88              JAPAN SMART GRID MARKET BY COMPONENTS (USD MILLIONS), 2019-2028

TABLE 89              JAPAN SMART GRID MARKET BY COMPONENTS (KILOTONS), 2019-2028

TABLE 90              JAPAN SMART GRID MARKET BY APPLICATION (USD MILLIONS), 2019-2028

TABLE 91              JAPAN SMART GRID MARKET BY APPLICATION (KILOTONS), 2019-2028

TABLE 92              JAPAN SMART GRID MARKET BY COMMUNICATION TECHNOLOGY (USD MILLIONS), 2019-2028

TABLE 93              JAPAN SMART GRID MARKET BY COMMUNICATION TECHNOLOGY (KILOTONS), 2019-2028

TABLE 94              SOUTH KOREA SMART GRID MARKET BY COMPONENTS (USD MILLIONS), 2019-2028

TABLE 95              SOUTH KOREA SMART GRID MARKET BY COMPONENTS (KILOTONS), 2019-2028

TABLE 96              SOUTH KOREA SMART GRID MARKET BY APPLICATION (USD MILLIONS), 2019-2028

TABLE 97              SOUTH KOREA SMART GRID MARKET BY APPLICATION (KILOTONS), 2019-2028

TABLE 98              SOUTH KOREA SMART GRID MARKET BY COMMUNICATION TECHNOLOGY (USD MILLIONS), 2019-2028

TABLE 99              SOUTH KOREA SMART GRID MARKET BY COMMUNICATION TECHNOLOGY (KILOTONS), 2019-2028

TABLE 100           AUSTRALIA SMART GRID MARKET BY COMPONENTS (USD MILLIONS), 2019-2028

TABLE 101           AUSTRALIA SMART GRID MARKET BY COMPONENTS (KILOTONS), 2019-2028

TABLE 102           AUSTRALIA SMART GRID MARKET BY APPLICATION (USD MILLIONS), 2019-2028

TABLE 103           AUSTRALIA SMART GRID MARKET BY APPLICATION (KILOTONS), 2019-2028

TABLE 104           AUSTRALIA SMART GRID MARKET BY COMMUNICATION TECHNOLOGY (USD MILLIONS), 2019-2028

TABLE 105           AUSTRALIA SMART GRID MARKET BY COMMUNICATION TECHNOLOGY (KILOTONS), 2019-2028

TABLE 106           SOUTH EAST ASIA SMART GRID MARKET BY COMPONENTS (USD MILLIONS), 2019-2028

TABLE 107           SOUTH EAST ASIA SMART GRID MARKET BY COMPONENTS (KILOTONS), 2019-2028

TABLE 108           SOUTH EAST ASIA SMART GRID MARKET BY APPLICATION (USD MILLIONS), 2019-2028

TABLE 109           SOUTH EAST ASIA SMART GRID MARKET BY APPLICATION (KILOTONS), 2019-2028

TABLE 110           SOUTH EAST ASIA SMART GRID MARKET BY COMMUNICATION TECHNOLOGY (USD MILLIONS), 2019-2028

TABLE 111           SOUTH EAST ASIA SMART GRID MARKET BY COMMUNICATION TECHNOLOGY (KILOTONS), 2019-2028

TABLE 112           REST OF ASIA PACIFIC SMART GRID MARKET BY COMPONENTS (USD MILLIONS), 2019-2028

TABLE 113           REST OF ASIA PACIFIC SMART GRID MARKET BY COMPONENTS (KILOTONS), 2019-2028

TABLE 114           REST OF ASIA PACIFIC SMART GRID MARKET BY APPLICATION (USD MILLIONS), 2019-2028

TABLE 115           REST OF ASIA PACIFIC SMART GRID MARKET BY APPLICATION (KILOTONS), 2019-2028

TABLE 116           REST OF ASIA PACIFIC SMART GRID MARKET BY COMMUNICATION TECHNOLOGY (USD MILLIONS), 2019-2028

TABLE 117           REST OF ASIA PACIFIC SMART GRID MARKET BY COMMUNICATION TECHNOLOGY (KILOTONS), 2019-2028

TABLE 118           EUROPE SMART GRID MARKET BY COUNTRY (USD MILLIONS), 2019-2028

TABLE 119           EUROPE SMART GRID MARKET BY COUNTRY (KILOTONS), 2019-2028

TABLE 120           EUROPE SMART GRID MARKET BY COMPONENTS (USD MILLIONS), 2019-2028

TABLE 121           EUROPE SMART GRID MARKET BY COMPONENTS (KILOTONS), 2019-2028

TABLE 122           EUROPE SMART GRID MARKET BY APPLICATION (USD MILLIONS), 2019-2028

TABLE 123           EUROPE SMART GRID MARKET BY APPLICATION (KILOTONS), 2019-2028

TABLE 124           EUROPE SMART GRID MARKET BY COMMUNICATION TECHNOLOGY (USD MILLIONS), 2019-2028

TABLE 125           EUROPE SMART GRID MARKET BY COMMUNICATION TECHNOLOGY (KILOTONS), 2019-2028

TABLE 126           GERMANY SMART GRID MARKET BY COMPONENTS (USD MILLIONS), 2019-2028

TABLE 127           GERMANY SMART GRID MARKET BY COMPONENTS (KILOTONS), 2019-2028

TABLE 128           GERMANY SMART GRID MARKET BY APPLICATION (USD MILLIONS), 2019-2028

TABLE 129           GERMANY SMART GRID MARKET BY APPLICATION (KILOTONS), 2019-2028

TABLE 130           GERMANY SMART GRID MARKET BY COMMUNICATION TECHNOLOGY (USD MILLIONS), 2019-2028

TABLE 131           GERMANY SMART GRID MARKET BY COMMUNICATION TECHNOLOGY (KILOTONS), 2019-2028

TABLE 132           UK SMART GRID MARKET BY COMPONENTS (USD MILLIONS), 2019-2028

TABLE 133           UK SMART GRID MARKET BY COMPONENTS (KILOTONS), 2019-2028

TABLE 134           UK SMART GRID MARKET BY APPLICATION (USD MILLIONS), 2019-2028

TABLE 135           UK SMART GRID MARKET BY APPLICATION (KILOTONS), 2019-2028

TABLE 136           UK SMART GRID MARKET BY COMMUNICATION TECHNOLOGY (USD MILLIONS), 2019-2028

TABLE 137           UK SMART GRID MARKET BY COMMUNICATION TECHNOLOGY (KILOTONS), 2019-2028

TABLE 138           FRANCE SMART GRID MARKET BY COMPONENTS (USD MILLIONS), 2019-2028

TABLE 139           FRANCE SMART GRID MARKET BY COMPONENTS (KILOTONS), 2019-2028

TABLE 140           FRANCE SMART GRID MARKET BY APPLICATION (USD MILLIONS), 2019-2028

TABLE 141           FRANCE SMART GRID MARKET BY APPLICATION (KILOTONS), 2019-2028

TABLE 142           FRANCE SMART GRID MARKET BY COMMUNICATION TECHNOLOGY (USD MILLIONS), 2019-2028

TABLE 143           FRANCE SMART GRID MARKET BY COMMUNICATION TECHNOLOGY (KILOTONS), 2019-2028

TABLE 144           ITALY SMART GRID MARKET BY COMPONENTS (USD MILLIONS), 2019-2028

TABLE 145           ITALY SMART GRID MARKET BY COMPONENTS (KILOTONS), 2019-2028

TABLE 146           ITALY SMART GRID MARKET BY APPLICATION (USD MILLIONS), 2019-2028

TABLE 147           ITALY SMART GRID MARKET BY APPLICATION (KILOTONS), 2019-2028

TABLE 148           ITALY SMART GRID MARKET BY COMMUNICATION TECHNOLOGY (USD MILLIONS), 2019-2028

TABLE 149           ITALY SMART GRID MARKET BY COMMUNICATION TECHNOLOGY (KILOTONS), 2019-2028

TABLE 150           SPAIN SMART GRID MARKET BY COMPONENTS (USD MILLIONS), 2019-2028

TABLE 151           SPAIN SMART GRID MARKET BY COMPONENTS (KILOTONS), 2019-2028

TABLE 152           SPAIN SMART GRID MARKET BY APPLICATION (USD MILLIONS), 2019-2028

TABLE 153           SPAIN SMART GRID MARKET BY APPLICATION (KILOTONS), 2019-2028

TABLE 154           SPAIN SMART GRID MARKET BY COMMUNICATION TECHNOLOGY (USD MILLIONS), 2019-2028

TABLE 155           SPAIN SMART GRID MARKET BY COMMUNICATION TECHNOLOGY (KILOTONS), 2019-2028

TABLE 156           RUSSIA SMART GRID MARKET BY COMPONENTS (USD MILLIONS), 2019-2028

TABLE 157           RUSSIA SMART GRID MARKET BY COMPONENTS (KILOTONS), 2019-2028

TABLE 158           RUSSIA SMART GRID MARKET BY APPLICATION (USD MILLIONS), 2019-2028

TABLE 159           RUSSIA SMART GRID MARKET BY APPLICATION (KILOTONS), 2019-2028

TABLE 160           RUSSIA SMART GRID MARKET BY COMMUNICATION TECHNOLOGY (KILOTONS), 2019-2028

TABLE 161           REST OF EUROPE SMART GRID MARKET BY COMPONENTS (USD MILLIONS), 2019-2028

TABLE 162           REST OF EUROPE SMART GRID MARKET BY COMPONENTS (KILOTONS), 2019-2028

TABLE 163           REST OF EUROPE SMART GRID MARKET BY APPLICATION (USD MILLIONS), 2019-2028

TABLE 164           REST OF EUROPE SMART GRID MARKET BY APPLICATION (KILOTONS), 2019-2028

TABLE 165           REST OF EUROPE SMART GRID MARKET BY COMMUNICATION TECHNOLOGY (USD MILLIONS), 2019-2028

TABLE 166           REST OF EUROPE SMART GRID MARKET BY COMMUNICATION TECHNOLOGY (KILOTONS), 2019-2028

TABLE 167           MIDDLE EAST AND AFRICA SMART GRID MARKET BY COUNTRY (USD MILLIONS), 2019-2028

TABLE 168           MIDDLE EAST AND AFRICA SMART GRID MARKET BY COUNTRY (KILOTONS), 2019-2028

TABLE 169           MIDDLE EAST AND AFRICA SMART GRID MARKET BY COMPONENTS (USD MILLIONS), 2019-2028

TABLE 170           MIDDLE EAST AND AFRICA SMART GRID MARKET BY COMPONENTS (KILOTONS), 2019-2028

TABLE 171           MIDDLE EAST AND AFRICA SMART GRID MARKET BY APPLICATION (USD MILLIONS), 2019-2028

TABLE 172           MIDDLE EAST AND AFRICA SMART GRID MARKET BY APPLICATION (KILOTONS), 2019-2028

TABLE 173           MIDDLE EAST AND AFRICA SMART GRID MARKET BY COMMUNICATION TECHNOLOGY (USD MILLIONS), 2019-2028

TABLE 174           MIDDLE EAST AND AFRICA SMART GRID MARKET BY COMMUNICATION TECHNOLOGY (KILOTONS), 2019-2028

TABLE 175           UAE SMART GRID MARKET BY COMPONENTS (USD MILLIONS), 2019-2028

TABLE 176           UAE SMART GRID MARKET BY COMPONENTS (KILOTONS), 2019-2028

TABLE 177           UAE SMART GRID MARKET BY APPLICATION (USD MILLIONS), 2019-2028

TABLE 178           UAE SMART GRID MARKET BY APPLICATION (KILOTONS), 2019-2028

TABLE 179           UAE SMART GRID MARKET BY COMMUNICATION TECHNOLOGY (USD MILLIONS), 2019-2028

TABLE 180           UAE SMART GRID MARKET BY COMMUNICATION TECHNOLOGY (KILOTONS), 2019-2028

TABLE 181           SAUDI ARABIA SMART GRID MARKET BY COMPONENTS (USD MILLIONS), 2019-2028

TABLE 182           SAUDI ARABIA SMART GRID MARKET BY COMPONENTS (KILOTONS), 2019-2028

TABLE 183           SAUDI ARABIA SMART GRID MARKET BY APPLICATION (USD MILLIONS), 2019-2028

TABLE 184           SAUDI ARABIA SMART GRID MARKET BY APPLICATION (KILOTONS), 2019-2028

TABLE 185           SAUDI ARABIA SMART GRID MARKET BY COMMUNICATION TECHNOLOGY (USD MILLIONS), 2019-2028

TABLE 186           SAUDI ARABIA SMART GRID MARKET BY COMMUNICATION TECHNOLOGY (KILOTONS), 2019-2028

TABLE 187           SOUTH AFRICA SMART GRID MARKET BY COMPONENTS (USD MILLIONS), 2019-2028

TABLE 188           SOUTH AFRICA SMART GRID MARKET BY COMPONENTS (KILOTONS), 2019-2028

TABLE 189           SOUTH AFRICA SMART GRID MARKET BY APPLICATION (USD MILLIONS), 2019-2028

TABLE 190           SOUTH AFRICA SMART GRID MARKET BY APPLICATION (KILOTONS), 2019-2028

TABLE 191           SOUTH AFRICA SMART GRID MARKET BY COMMUNICATION TECHNOLOGY (USD MILLIONS), 2019-2028

TABLE 192           SOUTH AFRICA SMART GRID MARKET BY COMMUNICATION TECHNOLOGY (KILOTONS), 2019-2028

TABLE 193           REST OF MIDDLE EAST AND AFRICA SMART GRID MARKET BY COMPONENTS (USD MILLIONS), 2019-2028

TABLE 194           REST OF MIDDLE EAST AND AFRICA SMART GRID MARKET BY COMPONENTS (KILOTONS), 2019-2028

TABLE 195           REST OF MIDDLE EAST AND AFRICA SMART GRID MARKET BY APPLICATION (USD MILLIONS), 2019-2028

TABLE 196           REST OF MIDDLE EAST AND AFRICA SMART GRID MARKET BY APPLICATION (KILOTONS), 2019-2028

TABLE 197           REST OF MIDDLE EAST AND AFRICA SMART GRID MARKET BY COMMUNICATION TECHNOLOGY (USD MILLIONS), 2019-2028

TABLE 198           REST OF MIDDLE EAST AND AFRICA SMART GRID MARKET BY COMMUNICATION TECHNOLOGY (KILOTONS), 2019-2028

LIST OF FIGURES

FIGURE 1              MARKET DYNAMICS

FIGURE 2              MARKET SEGMENTATION

FIGURE 3              REPORT TIMELINES: YEARS CONSIDERED

FIGURE 4              DATA TRIANGULATION

FIGURE 5              BOTTOM-UP APPROACH

FIGURE 6              TOP-DOWN APPROACH

FIGURE 7              RESEARCH FLOW

FIGURE 8              SMART GRID MARKET BY COMPONENT, USD MILLION, 2019-2028

FIGURE 9              SMART GRID MARKET BY APPLICATION, USD MILLION, 2019-2028

FIGURE 10           SMART GRID MARKET BY COMMUNICATION TECHNOLOGY, USD MILLION, 2019-2028

FIGURE 11           SMART GRID MARKET BY REGION, USD MILLION, 2019-2028

FIGURE 12           PORTER’S FIVE FORCES MODEL

FIGURE 13           SMART GRID MARKET BY COMPONENT, USD MILLION, 2019-2028

FIGURE 14           SMART GRID MARKET BY APPLICATION, USD MILLION, 2019-2028

FIGURE 15           SMART GRID MARKET BY COMMUNICATION TECHNOLOGY, USD MILLION, 2019-2028

FIGURE 16           SMART GRID MARKET BY REGION, USD MILLION, 2019-2028

FIGURE 17           FARM EQUIPMENT MARKET BY REGION 2020

FIGURE 18           MARKET SHARE ANALYSIS

FIGURE 19           ABB: COMPANY SNAPSHOT

FIGURE 20           HONEYWELL INTERNATIONAL, INC.: COMPANY SNAPSHOT

FIGURE 21           SCHNEIDER ELECTRIC: COMPANY SNAPSHOT

FIGURE 22           IBM: COMPANY SNAPSHOT

FIGURE 23           ITRON COMPANY SNAPSHOT

FIGURE 24           SIEMENS: COMPANY SNAPSHOT

FIGURE 25           GENERAL ELECTRIC: COMPANY SNAPSHOT

FIGURE 26           ETON: COMPANY SNAPSHOT

FIGURE 27           TECH MAHINDRA: COMPANY SNAPSHOT

FIGURE 28           MITSUBISHI ELECTRIC: COMPANY SNAPSHOT

Identifying Key Products in the Market

The identification of key products in any market is pivotal for understanding what drives consumer interest, technological innovation, and competitive advantage. Here’s how to approach this:
Market Analysis Reports: Start with syndicated market analysis reports from firms like Nielsen, Euromonitor, or specialized industry analysts. These reports often highlight leading products based on sales data, innovation, and consumer feedback.
Patent Filings: Reviewing patent filings can provide insight into technological innovations and future products that may impact the market. Databases like the United States Patent and Trademark Office (USPTO) or the World Intellectual Property Organization (WIPO) can be invaluable.
Ecommerce Platforms and Retailer Websites: Analyzing bestselling products and customer reviews on platforms such as Amazon, Flipkart, or direct retailer websites can offer direct insights into consumer preferences and product popularity.
Consumer Surveys and Feedback: Conducting surveys or analyzing online forums and social media can reveal consumer preferences, pain points, and desired features in products. Tools like SurveyMonkey, Google Surveys, or social listening platforms can facilitate this process.

Segmenting the Market and Products

Market and product segmentation is crucial for targeting marketing efforts and product development. Here’s a methodology for segmenting based on technical specifications:
Technical Specifications Review: Compile a comprehensive list of products within the market, focusing on their technical specifications. This could involve processor speeds for electronics, ingredients for food products, or material composition for apparel.
Factor Analysis: Use statistical techniques like factor analysis to group products based on shared technical specifications. This method helps identify underlying relationships between different specifications and how they cluster together.
Expert Consultation: Engage with industry experts or technical specialists to ensure that the segmentation makes sense from both a market and a technical perspective. This step ensures the practical relevance of the segments identified.

Identifying and Classifying Key Application Segments

Understanding how products are used in different applications is essential for market strategy:
Use Case Analysis: Identify common use cases for products by reviewing product literature, customer testimonials, and case studies. This helps understand the variety of applications each product serves.
Industry Surveys: Conduct surveys targeting professionals in the field to understand how and why certain products are preferred in specific applications. This can also reveal unmet needs in the market.
ApplicationBased Segmentation: Group products based on their primary applications, considering factors such as industry use, consumer vs. professional use, and environmental conditions.

Calculating Market Size Using TopDown and BottomUp Approaches

Estimating the market size accurately is fundamental for strategic planning:
TopDown Approach: Start with global industry data and narrow down to the target market by applying known market shares or segmentation percentages. Industry reports and financial databases are key sources for this approach.
BottomUp Approach: Aggregate sales data or unit shipments from all known market participants. This might require gathering data from company reports, industry associations, and sales channels.
Combining Approaches: Validate the market size estimates by comparing the results from both approaches. Discrepancies can highlight areas requiring further investigation.

Calculating the CAGR for the Market

The Compound Annual Growth Rate (CAGR) is a useful measure to understand market growth over time:
Historical Sales Data: Gather historical sales or market size data over a defined period. Public company filings, industry reports, and government databases can be sources for this data.
CAGR Formula: Apply the CAGR formula \[CAGR = (EV/BV)^{1/n} 1\], where EV is the end value, BV is the beginning value, and n is the number of periods.
Segment and Overall Market CAGR: Calculate CAGR for both the overall market and individual segments to understand growth patterns.

Sources for Secondary or Desk Research

Identifying the right sources is crucial for accurate desk research:
Industry and Market Research Reports: Sources like IBISWorld, Statista, and Frost & Sullivan offer comprehensive industry reports.
Government and International Organizations: Websites of the U.S. Census Bureau, World Bank, and OECD provide economic and industry specific data.
Academic Journals: Platforms like Google Scholar and JSTOR can offer peer reviewed articles on market trends and consumer behavior.
News Archives and Trade Publications: Stay informed on industry developments through sources like Bloomberg, Reuters, and specific trade journals relevant to the market in question.
Each of these steps requires careful consideration and a systematic approach to ensure that the market research report is robust, insightful, and actionable.

Smart Grid Market

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