Edison, NJ -- (SBWire) -- 04/24/2019 --HTF Market Intelligence released a new research report of 102 pages on title 'Global Smart Grid It Systems Market Insights by Application, Product Type, Competitive Landscape & Regional Forecast 2025' with detailed analysis, forecast and strategies. The study covers key regions that includes United States (California, New York, Virginia, Illinois, New Jersey & Others), United Kingdom (England, Scotland & Others), Germany (Bavaria, Baden-Wurttemberg & Others), Japan (Tokyo, Hokkaido) & India and important players such as Accenture (Ireland), General Electric (United States), Siemens (Germany), Capgemini, etc.
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Summary
Smart grid IT systems that support the grid operators to growth in stability and reliability while being cost-effective. Additionally, Smart grid IT solutions offers specific solution such as SaaS which will permit services to integrate dissimilar smart grid systems as well as manage them from a central location. There are various applications of the smart grid IT solutions such as energy management system (EMS), distribution management system (DMS), outage management system (OMS) and data analytics.. The market study is being classified by Type (EMS , DMS , OMS and Data analytics), by Application (Energy Management System (EMS) , Distribution Management System (DMS) , Outage Management System (OMS) and Data analytics) and major geographies with country level break-up that includes South America (Brazil, Argentina, Rest of South America) , Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific) , Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe) , MEA (Middle East, Africa) , North America (United States, Canada, Mexico) .
Competitive Landscape
Accenture (Ireland) , General Electric (United States) , Siemens (Germany) , Capgemini (France) , IBM (United States) , Oracle (United States) , Wipro (India) , Infosys (India) , ABB (Switzerland) and Itron (United States) are some of the key players profiled in the study. Additionally, the Manufacturers which are also part of the research are Aclara (United States) , Cisco (United States) , S&C Electric Company (United States) , Trilliant Holdings (United States) , Tech Mahindra (India) , Alcatel-Lucent (United States) , AT&T (United States) , EnerNOC (United States) , Ericsson (Sweden) , Lockheed Martin (United States) and Tendril Networks (United States).
The global smart grid IT system market is characterized by the existence of established players such as Accenture (Ireland), General Electric (United States), Siemens (Germany), Capgemini (France), IBM (United States) and others. Key players have a wide portfolio of power plant-related equipment and services. The competitive environment in global smart grid It system market is predictable to strengthen during the forecast period because of growth in product extensions and technological modernizations.
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Market Drivers
- Rising Demand due to advance grid reliability and efficiency
- Fuelling Usage in Control Voltage Fluctuations
Market Trend
- Increasing Demand of IT solutions Such as SAAS
- Adoption of Smart Grids in Digital and IT Systems
Restraints
- Increasing Cyber Security Attacks
- Need To Increase Flexibility for Rapid Changes
Opportunities
Rising Financial Benefits Related with Smart Grid IT Systems such as Revenue Opportunity
Market Leaders and their expansionary development strategies
On 2nd July 2018, ABB has acquired GE industrial solutions for expansion of business in North America. With this acquisition ABB has strengthened its product portfolio in electrification area.
On 13th June 2018, GE Power launched New Advanced Distribution Management Solution (ADMS) in partnership with Tata Power Delhi Distribution (Tata Power - DDL). It is especially intended for India and its offers advance features such as monitoring, security, analysis and planning.
Key Target Audience
- Smart Grid IT System Manufactures
- Smart Grid IT System Distributors
- IT Industry
- Electronics Industry
- Government and Private Research organization
- Others
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Table of Contents
1 Market Overview
1.1 Smart Grid It Systems Introduction
1.2 Market Analysis by Type
1.3 Market Analysis by Applications
2 Manufacturers Profiles
2.1.1 Business Overview
2.1.2 Smart Grid It Systems Type and Applications
2.1.3 Smart Grid It Systems Sales, Price, Revenue, Gross Margin and Market Share (2016-2017)
3 Global Smart Grid It Systems Market Competition, by Manufacturer
3.1 Global Smart Grid It Systems Sales and Market Share by Manufacturer (2016-2017)
3.2 Global Smart Grid It Systems Revenue and Market Share by Manufacturer (2016-2017)
3.3 Global Smart Grid It Systems Price by Manufacturer (2016-2017)
3.4 Market Concentration Rate
3.4.1 Top 3 Smart Grid It Systems Manufacturer Market Share in 2017
3.4.2 Top 5 Smart Grid It Systems Manufacturer Market Share in 2017
3.5 Market Competition Trend
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Smart Grid It Systems Market Is Booming Worldwide: Accenture, General Electric, Siemens, Capgemini