Key Players profiled in this report are; Itron (USA), Cisco (USA), Silver Spring (USA), ELO (Brazil), Alstom (Europe), S&T AG(Europe), ABB (Europe), Schneider Electric (Europe), Chinawallink(China), Huawei (China), Wasion (China), CHINA XD GROUP (China), Industrial System (South Korea), Nuri (South Korea), SK telecom (South Korea, Iljin (South Korea), Toshiba (Japan), Fujitsu (Japan), Infosys (India), Wipro (India), Ericsson
Houston, TX -- (SBWIRE) -- 03/07/2018 -- This report studies sales (consumption) of Smart Grid in Global market, especially in USA, China, Europe, Japan, India and Southeast Asia, focuses on top players in these regions/countries, with sales, price, revenue and market share for each player in these regions, covering : Itron (USA), Cisco (USA), Silver Spring (USA), ELO (Brazil), Alstom (Europe), S&T AG(Europe), ABB (Europe), Schneider Electric (Europe), Chinawallink(China), Huawei (China), Wasion (China), CHINA XD GROUP (China), Industrial System (South Korea), Nuri (South Korea), SK telecom (South Korea, Iljin (South Korea), Toshiba (Japan), Fujitsu (Japan), Infosys (India), Wipro (India), Ericsson. The global market is projected to grow at a CAGR of +19% by 2022 according to new research
Market Segment by Regions, this report splits Global into several key Regions, with sales (consumption), revenue, market share and growth rate of Smart Grid in these regions, like: USA, China, Europe, Japan, India, Southeast Asia
Split by product Types, with sales, revenue, price and gross margin, market share and growth rate of each type, can be divided into: Type I, Type II, Type III
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Split by applications, this report focuses on sales, market share and growth rate of Smart Grid in each application, can be divided into: Application 1, Application 2, Application 3
Demand for the smart grid market is driven by government policies and legislation, local government initiatives to launch smart meters, increased demand for integration of renewable energy sources, improved grid reliability and efficient outage response. As the deployment of smart grid solutions between Smart Cities is increasing, the Smart Grid market is expected to attract a great deal of attention during the forecast period.
The smart grid software division is expected to occupy the largest market share. The scope of Smart Grid software includes Advance Metering Infrastructure (AMI), Smart Grid Distribution Management, Smart Grid Communications, Grid Asset Management, Substation Automation, Billing and Customer Information Systems. Energy losses and theft have caused tremendous revenue losses, leading to a blackout that has increased the need to manage and control energy generation, distribution, and transmission processes.
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The deployment and integration services sector is expected to be the largest market share and is expected to grow to the highest CAGR over the forecast period. Deployment and integration services help reduce deployment and integration time. These services are critical to developing Smart Grid solutions for power and energy utilities. As demand for upgrading existing Smart Grid systems increases to support various smart cities and smart grids, deployment and integration services in the smart grid market are being promoted.
North America is expected to remain number one in market share and dominate the smart grid market from 2018 to 2023. The region will adopt the latest technological advances such as AMI, smart grid distribution management, smart grid communications and substation automation I was extremely responsive. The region's main growth engine is the large investment in smart grid and smart city projects and the need for smart grid and control mechanisms. The Middle East and Africa (MEA) are in their early stages of growth. But it is the fastest growing region in the world smart grid market. The area has a huge reservoir of conventional and renewable energy sources. The demand for Smart Grid solutions in the MEA region has increased as adoption of solutions that minimize power outages and revenue losses and better manage smart grids and controls has grown.