Smart grid market forecast to 2022 by scalar market research

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Smart Grid Market by Solution,Service, and Geography – GlobalOpportunity Analysis and IndustryForecast, 2014 – 2022

SCALAR MARKET RESEARCH INC.

OCTOBER 2016

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Table of Contents

1 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 Global Smart Grid Market – Executive Summary .........................................................17

2 MARKET DYNAMICS ......................................................................................................................19

2.1 Introduction ..........................................................................................................................19

2.2 Drivers ...................................................................................................................................20

2.3 Restraints ..............................................................................................................................21

2.4 Opportunities........................................................................................................................22

2.5 Premium Industry Trends .....................................................................................................22

3 INDUSTRY ANALYSIS......................................................................................................................24

3.1 Value Chain Analysis .............................................................................................................24

3.2 Technology Roadmap............................................................................................................25

4 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 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

5 SMART GRID MARKET, BY SOLUTION ...........................................................................................32

5.1 Overview ...............................................................................................................................32

5.1.1 Global Smart Grid Market Share (%), By Solution, 2016 & 2022..................................32

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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, ByRegion (2014 – 2022) ....................................................................................................................34

5.2.2 Global Smart Grid Market Size (US$ million) for Advanced Metering Infrastructure, ByRegion (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

5.4.1 Global Smart Grid Market Size (US$ million) for Smart Grid Communication, By Region(2014 – 2022) ................................................................................................................................38

5.4.2 Global Smart Grid Market Size (US$ million) for Smart Grid Communication, By Region(2016 & 2022) ...............................................................................................................................39

5.5 Grid Asset Management .......................................................................................................40

5.5.1 Global Smart Grid Market Size (US$ million) for Grid Asset Management, By Region(2014 – 2022) ................................................................................................................................40

5.5.2 Global Smart Grid Market Size (US$ million) for Grid Asset Management, By Region(2016 & 2022) ...............................................................................................................................41

5.6 Other Solutions .....................................................................................................................42

5.6.1 Global Smart Grid Market Size (US$ million) for Other Solutions, By Region (2014 –2022) .......................................................................................................................................42

5.6.2 Global Smart Grid Market Size (US$ million) for Other Solution, By Region (2016 &2022) .......................................................................................................................................43

6 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 Global Smart Grid Market Size (US$ million) for Consulting, By Region (2014 – 2022)46

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6.2.2 Global Smart Grid Market Size (US$ million) for Consulting Service, By Region (2016 &2022) .......................................................................................................................................47

6.3 Implementation & Integration..............................................................................................48

6.3.1 Global Smart Grid Market Size (US$ million) for Implementation & Integration, ByRegion (2014 – 2022) ....................................................................................................................48

6.3.2 Global Smart Grid Market Size (US$ million) for Implementation & Integration, ByRegion (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

7 SMART GRID MARKET, BY GEOGRAPHY........................................................................................52

7.1 Overview ...............................................................................................................................52

7.1.1 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

7.2 North America.......................................................................................................................54

7.2.1 North America Smart Grid Market Share (%), By Country, 2016 & 2022 .....................54

7.2.1.1 U.S. ............................................................................................................................55

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 Europe Smart Grid Market Share (%), By Country, 2016 & 2022 .................................59

7.3.1.1 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-YGrowth (%) ............................................................................................................................61

7.3.2 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 Asia-Pacific ............................................................................................................................65

7.4.1 Asia-Pacific Smart Grid Market Share (%), By Country, 2016 & 2022...........................65

7.4.1.1 China .........................................................................................................................66

7.4.1.1.1 Smart Grid Market in China, Market Size (US$ million) and Y-o-Y Growth (%) ..66

7.4.1.2 India...........................................................................................................................66

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-YGrowth (%) ............................................................................................................................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 Latin America ........................................................................................................................71

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7.5.1 Latin America Smart Grid Market Share (%), By Country, 2016 & 2022.......................71

7.5.1.1 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-YGrowth (%) ............................................................................................................................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 Middle East & Africa .............................................................................................................76

7.6.1 Middle East & Africa Smart Grid Market Share (%), By Country, 2016 & 2022............76

7.6.1.1 GCC............................................................................................................................77

7.6.1.1.1 Smart Grid Market in GCC, Market Size (US$ million) and Y-o-Y Growth (%) ....77

7.6.1.2 North Africa...............................................................................................................77

7.6.1.2.1 Smart Grid Market in North Africa, Market Size (US$ million) and Y-o-Y Growth(%) ............................................................................................................................77

7.6.1.3 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

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

8 COMPETITIVE LANDSCAPE ............................................................................................................82

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8.1 Market Share Analysis...........................................................................................................82

9 KEY MARKET PLAYERS...................................................................................................................83

9.1 Schneider Electric SE .............................................................................................................83

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


9.3 ABB Ltd..................................................................................................................................85

9.3.1 Overview .......................................................................................................................85

9.3.2 Key Strategy ..................................................................................................................85


9.4 General Electric .....................................................................................................................86

9.4.1 Overview .......................................................................................................................86

9.4.2 Key Strategy ..................................................................................................................86


9.5 Landis+Gyr.............................................................................................................................87

9.5.1 Overview .......................................................................................................................87

9.5.2 Key Strategy ..................................................................................................................87


9.6 Itron Inc.................................................................................................................................88

9.6.1 Overview .......................................................................................................................88

9.6.2 Key Strategy ..................................................................................................................88


9.7 Open System International, Inc. ...........................................................................................89

9.7.1 Overview .......................................................................................................................89

9.7.2 Key Strategy ..................................................................................................................89


9.8 IBM Corporation ...................................................................................................................90

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9.8.1 Overview .......................................................................................................................90

9.8.2 Key Strategy ..................................................................................................................90


9.9 Alstom ...................................................................................................................................91

9.9.1 Overview .......................................................................................................................91

9.9.2 Key Strategy ..................................................................................................................91


9.10 Silver Spring Networks ..........................................................................................................92

9.10.1 Overview .......................................................................................................................92

9.10.2 Key Strategy ..................................................................................................................92


10 SCALAR 360 DEGREE MARKET PERSPECTIVE ................................................................................93

11 Appendix .......................................................................................................................................94

11.1 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, ByRegion (2014 – 2022) ............................................................................................................................34

Table 10. Global Smart Grid Market Size (US$ million) for Smart Grid Distribution Management, ByRegion (2014 – 2022) ............................................................................................................................36

Table 11. Global Smart Grid Market Size (US$ million) for Smart Grid Communication, By Region(2014 – 2022) ........................................................................................................................................38

Table 12. Global Smart Grid Market Size (US$ million) for Grid Asset Management, By Region(2014 – 2022) ........................................................................................................................................40

Table 13. 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

Table 16. Global Smart Grid Market Size (US$ million) for Implementation & Integration, By Region(2014 – 2022) ........................................................................................................................................48

Table 17. Global Smart Grid Market Size (US$ million) for Repair & Maintenance, By Region (2014– 2022) ...........................................................................................................................................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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Table 26. 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

Table 46. Smart Grid Market in Rest of Middle East & Africa, Market Size (US$ million) and Y-o-YGrowth (%) ...........................................................................................................................................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

Figure 10. 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

Figure 14. Global Smart Grid Market Size (US$ million) for Advanced Metering Infrastructure, ByRegion (2016 & 2022) ...........................................................................................................................35

Figure 15. Global Smart Grid Market Size (US$ million) for Smart Grid Distribution Management,By Region (2016 & 2022) ......................................................................................................................37

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. Global Smart Grid Market Size (US$ million) for Other Solution, By Region (2016 &2022) .......................................................................................................................................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. Global Smart Grid Market Size (US$ million) for Consulting Service, By Region (2016 &2022) .......................................................................................................................................47

Figure 22. Global Smart Grid Market Size (US$ million) for Implementation & Integration, ByRegion (2016 & 2022) ...........................................................................................................................49

Figure 23. Global Smart Grid Market Size (US$ million) for Repair & Maintenance, By Region(2016 & 2022) .......................................................................................................................................51

Figure 24. Global Smart Grid Market Share (%), By Geography, 2016 & 2022..............................52

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Figure 25. 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 (%) ..................................................................82SAM

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1 MARKET OVERVIEW

1.1 Definitions

Table 1. Definitions

Segment Definition

Advanced MeteringInfrastructure

Consists of smart meters, information management systems,analytics software and communication network solutions anddevices.

Smart Grid DistributionManagement

Takes in supervisory control and data acquisition (SCADA), energymanagement, outage management, distributed energy resourcemanagement, and demand response management solutions.

Smart GridCommunication

Includes network device management, network configurationmanagement, network performance monitoring management,and network security management solutions.

Grid AssetManagement

Consists of solutions that monitor performance of smart gridsystems & devices such as transformers, breakers, switches andmeters.

Other SolutionsOther smart grid solutions include billion information system andgeographic 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

qualitative market factors like regulatory scenario, patent estates, and market

developments.

Research Methodology


GlobalMarket Size

Market-specificRevenues of Key Players

Total Revenues of Key Players

Global Market Size

Segment-specificMarket Size

RegionalMarket

Size

Bottom-up

Top-down

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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

insights about the market.

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1.3 Market SegmentationSmart Grid Market, By Type


Smart Grid Market, By Solution


Smart Grid Market, By Service

Smart Grid Market, By Region`


Smart Grid Market,By Type

Solution Service

Smart Grid Market,By Solution

AdvancedMetering

Infrastructure

Smart GridDistribution

ManagementSmart Grid

CommunicationGrid Asset

Management Other Solution

Smart Grid Market,By Service

Consulting Implementation& Integration

Repair &Maintenance

Smart Grid Market, ByRegion

North America Europe Asia-Pacific Middle East &Africa Latin America

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1.4 Executive Summary

1.4.1 Global Smart Grid Market – Executive SummaryFigure 10. Global Smart Grid Market Size and Forecast (US$ million), 2014 – 2022


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.

31,839.135,488.4

39,844.644,963.2

50,972.257,913.2

65,733.8

74,255.6

83,807.4

2014 2015 2016 2017 2018 2019 2020 2021 2022

US$

milli

on

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Table 2. Global Smart Grid Market – Executive Summary

Global Smart Grid MarketMarket Size (US$ million) CAGR%

(2016 – 2022)2016 2022

Total 39,844.6 83,807.4 13.2%

Type

Largest Segment, by Revenue – Solution

Segment

Fastest Growing Segment – Service Segment

Solu

tion

Largest Segment, by Revenue – Smart Grid

Distribution Management

Fastest Growing Segment – Others Sub-

segment

Serv

ice

Largest Segment, by Revenue –

Implementation & Integration

Fastest Growing Segment – Repair &

Maintenance

Regi

on

Largest Regional Market, by Revenue – Europe

Fastest Growing Regional Market – Asia-Pacific


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2 MARKET DYNAMICS

2.1 IntroductionSmart 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

technology, cyber security and transmission upgrades.

SAMPLE

20

2.2 DriversTable 3. Global Smart Grid Market Drivers

DriversImpact2014-2016

Impact2017-2019

Impact2020-2022

Introduction of Favourable GovernmentInitiatives, Policies and Regulations Across theGlobeo In 2016, The State Grid Corporation of China

launched Global Energy Interconnection project

and announced investment of US$ 50 trillion.

o

o

SAMPLE

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2.3 RestraintsTable 4. Global Smart Grid Market Restraints

RestraintsImpact2014-2016

Impact2017-2019

Impact2020-2022

Data Privacy and Security Threatso Data privacy and system security threats

associated with smart metering have

increased due to growing number of cyber-

attacks.

o

SAMPLE

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3 INDUSTRY ANALYSIS

3.1 Value Chain AnalysisFollowing 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


ComponentProviders

Manufacturersand

AssemblersSolution

Providers End-Users

• Sensors• Integrated

Circuits• Chips• Capacitors• Resistors

• Smart MeterManufacturers

• CommunicationDevices

• Grid AutomationSystems

• Cyber SecuritySolution

• GridManagementSolutions

• DemandResponseSolution

• Utilities• Transmission

Operator• Virtual Power

Plants

Infineon TechnologiesAG, STMicroelectronics

etc.

General Electric, Elster,Landis+Gyr, Itron etc.

Schneider Electric SE,Alstom, IBM

Corporation etc.

SAMPLE

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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

America is fueling the segment growth.

4.1.1 Global Smart Grid Market Share (%), By Type, 2016 & 2022

Global Smart Grid Market Share (%), By Type, 2016 & 2022


63%

37%

2016

56%

44%

2022

Solution

Service

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4.1.2 Global Smart Grid Market Size (US$ million), By Type (2014 – 2022)

Table 5. Global Smart Grid Market Size (US$ million), By Type (2014 – 2022)

Type 2014 2015 2016 2017 2018 2019 2020 2021 2022CAGR%

(2016 – 2022)

Solution

Service

Total


4.1.3 Global Smart Grid Market Size (US$ million), By Type, 2016 & 2022

Global Smart Grid Market Size (US$ million), By Type, 2016 & 2022


25,206.7

46,679.2

14,637.9

37,128.1

Solution Service

US$ m

illion

2016 2022SAMPLE

28

4.2 SolutionSpending 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)

Table 6. Global Smart Grid Market Size (US$ million) for Solution, By Region (2014 –2022)

Region 2014 2015 2016 2017 2018 2019 2020 2021 2022

CAGR%

(2016 –

2022)

North

America

Europe

Asia-

Pacific

Latin

America

Middle

East &

Africa

Total 22,948.2 46,679.2 10.8%


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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

infrastructure security solutions. Also, increasing number of smart meter roll outs by

governments in both developed and developing regions is further boosting growth of

advanced metering infrastructure sub-segment growth.

5.1.1 Global Smart Grid Market Share (%), By Solution, 2016 & 2022

Global Smart Grid Market Share (%), By Solution, 2016 & 2022


11.1%

33.3%

23.9%

20.0%

11.7%

2016

13.2%

31.1%

21.3%

21.5%

12.9%

2022 AdvancedMeteringInfrastructure

Smart GridDistributionManagement



Other

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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 2022CAGR%(2016 –2022)

AdvancedMeteringInfrastructureSmart GridDistributionManagementSmart GridCommunicationGrid AssetManagement

Other

Total


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


2,788.0

8,392.2

6,014.55,052.8

2,959.2

6,159.7

14,495.1

9,947.9 10,058.5

6,017.9

AdvancedMetering

Infrastructure

Smart GridDistribution

Management



Other

US$

milli

on

2016 2022

SAMPLE

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5.2 Advanced Metering InfrastructureAdvanced 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 MeteringInfrastructure, By Region (2014 – 2022)

Table 9. Global Smart Grid Market Size (US$ million) for Advanced MeteringInfrastructure, By Region (2014 – 2022)

Region 2014 2015 2016 2017 2018 2019 2020 2021 2022

CAGR%

(2016 –

2022)

North

America

Europe

Asia-

Pacific

Latin

America

Middle

East &

Africa

Total


SAMPLE

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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.

7.1.1 Global Smart Grid Market Share (%), By Geography, 2016 & 2022

Global Smart Grid Market Share (%), By Geography, 2016 & 2022


30.0%

42.4%

15.2%

5.8%6.5%

2016

29.2%

37.4%

19.0%

6.7%7.7%

2022North America

Europe

Asia-Pacific

Latin America

Middle East &Africa

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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 2022CAGR%(2016 –2022)

NorthAmerica

Europe

Asia-PacificMiddleEast &AfricaLatinAmerica

Total 35,488.4 83,807.4 13.2%


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


11,971.4

16,886.7

6,074.9

2,321.8 2,589.8

24,493.8

31,332.5

15,940.8

5,583.2 6,457.1

North America Europe Asia-Pacific Latin America Middle East &Africa

US$

milli

on

2016 2022

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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


79.8%

20.2%

2016

78.5%

21.5%

2022

U.S.

Canada

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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 (%)

Year 2014 2015 2016 2017 2018 2019 2020 2021 2022

CAGR%

(2016 –

2022)

Market

Size

Y-o-Y Growth


7.2.1.2 Canada

7.2.1.2.1 Smart Grid Market in Canada, Market Size (US$ million) and Y-o-Y Growth(%)

Table 20. Smart Grid Market in Canada, Market Size (US$ million) and Y-o-Y Growth(%)

Year 2014 2015 2016 2017 2018 2019 2020 2021 2022

CAGR%

(2016 –

2022)

Market

Size

Y-o-Y Growth

Source: Scalar Market Research AnalysisSAM

PLE

82

8 COMPETITIVE LANDSCAPE

8.1 Market Share Analysis

Company Market Share Analysis, 2015 (%)


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.

10.1%

9.5%

8.2%

6.5%

5.1%4.2%

56.4%

2015 ABB Ltd.

Siemens AG

Schneider Electric SE

General Electric

Itron Inc.

Landis+Gyr

Other Players

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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 CouncilSource: Scalar Market Research Analysis

SAMPLE

Business

Smart grid market forecast to 2022 by scalar market research