Smart Grid Market by Software (AMI, Smart Grid Distribution Management, Smart Grid Communication, Grid Asset Management, Substation Automation, and Billing and Customer Information System), Hardware, Service, and Region - Global Forecast to 2022

Table of Contents

1 INTRODUCTION 16

1.1 OBJECTIVES OF THE STUDY 16
1.1.1 BUSINESS INTELLIGENCE 16
1.1.2 COMPETITIVE INTELLIGENCE 16
1.2 MARKET DEFINITION 16
1.3 MARKET SCOPE 16
1.4 YEARS CONSIDERED FOR THE STUDY 17
1.5 CURRENCY 18
1.6 STAKEHOLDERS 18

2 RESEARCH METHODOLOGY 19

2.1 RESEARCH DATA 19
2.1.1 BREAKDOWN OF PRIMARIES 20
2.1.2 KEY INDUSTRY INSIGHTS 21
2.2 MARKET SIZE ESTIMATION 23
2.3 MICROQUADRANT METHODOLOGY 24
2.4 RESEARCH ASSUMPTIONS AND LIMITATIONS 25
2.4.1 ASSUMPTIONS 25
2.4.2 LIMITATIONS 26

3 EXECUTIVE SUMMARY 27
4 PREMIUM INSIGHTS 31

4.1 ATTRACTIVE MARKET OPPORTUNITIES IN THE SMART GRID MARKET 31
4.2 SMART GRID MARKET, BY TYPE, 2017 AND 2022 31
4.3 SMART GRID MARKET, BY SOFTWARE, 2017 AND 2022 32
4.4 SMART GRID MARKET, BY HARDWARE, 2017–2022 33
4.5 SMART GRID MARKET, BY SERVICE, 2017 AND 2022 33
4.6 SMART GRID MARKET, BY REGION, 2017–2022 34
4.7 LIFECYCLE ANALYSIS, BY REGION 35

5 MARKET OVERVIEW AND INDUSTRY TRENDS 36

5.1 INTRODUCTION 36
5.2 TOP SMART GRID PROJECTS WORLDWIDE 36
5.3 STRATEGIC BENCHMARKING 37
5.4 MARKET DYNAMICS 39
5.4.1 DRIVERS 39
5.4.1.1 Government policies and legislative mandates 39
5.4.1.2 Regional government initiatives for smart meter roll-out 40
5.4.1.3 Increasing demand for integration of renewable energy sources 40
5.4.1.4 Improved grid reliability and efficient outage response 40
5.4.1.5 Increasing awareness about carbon footprint management 41
5.4.2 RESTRAINTS 41
5.4.2.1 High initial costs for deployment of technology solutions 41
5.4.2.2 Lack of standards and interoperability 41
5.4.2.3 Smart grid cybersecurity and its vulnerabilities 42
5.4.3 OPPORTUNITIES 42
5.4.3.1 Revenue opportunity for traditional energy infrastructure vendors and emerging vendors 42
5.4.3.2 Upcoming smart city projects in developing regions 42
5.4.3.3 Modernization of aging grid infrastructure 42
5.4.3.4 Emerging vendors forming partnership with visionary leaders to enhance the product portfolio 43
5.4.4 CHALLENGES 43
5.4.4.1 Inadequate data management 43
5.4.4.2 Providing business intelligence through analytics 43
5.4.4.3 Revenue loss occurred due to energy loss 44
5.4.4.4 Electric utilities lack the motivation to improve grid efficiency 44

6 SMART GRID MANAGEMENT MARKET ANALYSIS, BY SOFTWARE 45

6.1 INTRODUCTION 46
6.2 ADVANCED METERING INFRASTRUCTURE 47
6.2.1 METER DATA MANAGEMENT 49
6.2.2 ANALYTICS 52
6.2.3 ADVANCED METERING INFRASTRUCTURE SECURITY 54
6.3 SMART GRID DISTRIBUTION MANAGEMENT 54
6.3.1 SUPERVISORY CONTROL AND DATA ACQUISITION 56
6.3.2 DEMAND RESPONSE AND OUTAGE MANAGEMENT 58
6.3.3 DISTRIBUTED ENERGY RESOURCE MANAGEMENT 60
6.3.4 ENERGY MANAGEMENT SYSTEM 61
6.4 SMART GRID COMMUNICATION 62
6.4.1 NETWORK TRAFFIC MANAGEMENT 64
6.4.2 NETWORK DEVICE MANAGEMENT 64
6.4.3 NETWORK CONFIGURATION MANAGEMENT 65
6.4.4 NETWORK SECURITY MANAGEMENT 65
6.4.5 NETWORK PERFORMANCE MONITORING MANAGEMENT 66
6.5 GRID ASSET MANAGEMENT 67
6.6 SUBSTATION AUTOMATION 67
6.7 BILLING AND CUSTOMER INFORMATION SYSTEM 70

7 SMART GRID MARKET ANALYSIS, BY HARDWARE 71

7.1 INTRODUCTION 72
7.2 AMI METER 73
7.3 SENSORS 75
7.4 NETWORKING HARDWARE 75
7.5 PROGRAMMABLE LOGIC CONTROLLER 76
7.6 OTHERS 77

8 SMART GRID MANAGEMENT MARKET ANALYSIS, BY SERVICE 79

8.1 INTRODUCTION 80
8.2 CONSULTING 81
8.3 DEPLOYMENT AND INTEGRATION 82
8.4 SUPPORT AND MAINTENANCE 83

9 SMART GRID MANAGEMENT MARKET, GEOGRAPHICAL ANALYSIS 84

9.1 INTRODUCTION 85
9.2 NORTH AMERICA 86
9.3 EUROPE 91
9.4 ASIA PACIFIC 95
9.5 MIDDLE EAST AND AFRICA 100
9.6 LATIN AMERICA 105

10 COMPETITIVE LANDSCAPE 109

10.1 MICROQUADRANT OVERVIEW 109
10.1.1 VISIONARY LEADERS 109
10.1.2 INNOVATORS 109
10.1.3 DYNAMIC DIFFERENTIATORS 109
10.1.4 EMERGING COMPANIES 109
10.2 COMPETITIVE BENCHMARKING 111
10.2.1 BUSINESS STRATEGY EXCELLENCE ADOPTED BY MAJOR PLAYERS IN THE SMART GRID MARKET 111
10.2.2 STRENGTH OF PRODUCT PORTFOLIO ADOPTED BY MAJOR PLAYERS IN THE SMART GRID MARKET 112
 

11 COMPANY PROFILES 114

(Business Overview, Products, Strength of product portfolio, Business strategy excellence, Recent developments)*
11.1 GENERAL ELECTRIC COMPANY 114
11.2 ABB LTD. 119
11.3 SIEMENS AG 123
11.4 SCHNEIDER ELECTRIC SA 128
11.5 ITRON, INC. 133
11.6 LANDIS+GYR 138
11.7 ACLARA TECHNOLOGIES LLC 142
11.8 CISCO SYSTEMS, INC. 146
11.9 OPEN SYSTEMS INTERNATIONAL, INC. 151
11.10 INTERNATIONAL BUSINESS MACHINES CORPORATION 156
11.11 WIPRO LIMITED 160
11.12 ORACLE CORPORATION 164
*Details on Overview, Products, Strength of product portfolio, Business strategy excellence, Recent developments might not be captured in case of unlisted companies.
12 APPENDIX 168

LIST OF TABLES

TABLE 1 UNITED STATES DOLLAR EXCHANGE RATE, 2014–2017 18
TABLE 2 SOFTWARE: SMART GRID MARKET SIZE, BY TYPE, 2015–2022 (USD MILLION) 46
TABLE 3 SOFTWARE: SMART GRID MARKET SIZE, BY REGION, 2015–2022 (USD MILLION) 47
TABLE 4 ADVANCED METERING INFRASTRUCTURE: SMART GRID MARKET SIZE, BY TYPE, 2015–2022 (USD MILLION) 48
TABLE 5 ADVANCED METERING INFRASTRUCTURE: SMART GRID MARKET SIZE, BY REGION, 2015–2022 (USD MILLION) 49
TABLE 6 METER DATA MANAGEMENT: SMART GRID MARKET SIZE, BY REGION,
2015–2022 (USD MILLION 52
TABLE 7 ANALYTICS: SMART GRID MARKET SIZE, BY REGION, 2015–2022 (USD MILLION) 53
TABLE 8 ADVANCED METERING INFRASTRUCTURE SECURITY: SMART GRID MARKET SIZE, BY REGION, 2015–2022 (USD MILLION) 54
TABLE 9 SMART GRID DISTRIBUTION MANAGEMENT: SMART GRID MARKET SIZE, BY TYPE, 2015–2022 (USD MILLION) 56
TABLE 10 SMART GRID DISTRIBUTION MANAGEMENT: SMART GRID MARKET SIZE,
BY REGION, 2015–2022 (USD MILLION) 56
TABLE 11 SUPERVISORY CONTROL AND DATA ACQUISITION: SMART GRID MARKET SIZE,
BY REGION, 2015–2022 (USD MILLION) 58
TABLE 12 DEMAND RESPONSE AND OUTAGE MANAGEMENT: SMART GRID MARKET SIZE,
BY REGION, 2015–2022 (USD MILLION) 60
TABLE 13 DISTRIBUTED ENERGY RESOURCES MANAGEMENT: SMART GRID MARKET SIZE, BY REGION, 2015–2022 (USD MILLION) 60
TABLE 14 ENERGY MANAGEMENT SYSTEM: SMART GRID MARKET SIZE, BY REGION,
2015–2022 (USD MILLION) 62
TABLE 15 SMART GRID COMMUNICATION: SMART GRID MARKET SIZE, BY TYPE,
2015–2022 (USD MILLION) 63
TABLE 16 SMART GRID COMMUNICATION: SMART GRID MARKET SIZE, BY REGION,
2015–2022 (USD MILLION) 63
TABLE 17 NETWORK TRAFFIC MANAGEMENT: SMART GRID MARKET SIZE, BY REGION, 2015–2022 (USD MILLION) 64
TABLE 18 NETWORK DEVICE MANAGEMENT: SMART GRID MARKET SIZE, BY REGION,
2015–2022 (USD MILLION) 64
TABLE 19 NETWORK CONFIGURATION MANAGEMENT: SMART GRID MARKET SIZE,
BY REGION, 2015–2022 (USD MILLION) 65
TABLE 20 NETWORK SECURITY MANAGEMENT: SMART GRID MARKET SIZE, BY REGION, 2015–2022 (USD MILLION) 66
TABLE 21 NETWORK PERFORMANCE MONITORING MANAGEMENT: SMART GRID MARKET SIZE, BY REGION, 2015–2022 (USD MILLION) 66
TABLE 22 GRID ASSET MANAGEMENT: SMART GRID MARKET SIZE, BY REGION,
2015–2022 (USD MILLION) 67
TABLE 23 SUBSTATION AUTOMATION: SMART GRID MARKET SIZE, BY REGION,
2015–2022 (USD MILLION) 69
TABLE 24 BILLING AND CUSTOMER INFORMATION SYSTEM: SMART GRID MARKET SIZE,
BY REGION, 2015–2022 (USD MILLION) 70
TABLE 25 HARDWARE: SMART GRID MARKET SIZE, BY HARDWARE TYPE,
2015–2022 (USD MILLION) 72
TABLE 26 HARDWARE: SMART GRID MARKET SIZE, BY REGION, 2015–2022 (USD MILLION) 72
TABLE 27 ADVANCED METERING INFRASTRUCTURE METER: SMART GRID MARKET SIZE,
BY REGION, 2015–2022 (USD MILLION) 74
TABLE 28 SENSORS: SMART GRID MARKET SIZE, BY REGION, 2015–2022 (USD MILLION) 75
TABLE 29 NETWORKING HARDWARE: SMART GRID MARKET SIZE, BY REGION,
2015–2022 (USD MILLION) 76
TABLE 30 PROGRAMMABLE LOGIC CONTROLLER: SMART GRID MARKET SIZE, BY REGION, 2015–2022 (USD MILLION) 77
TABLE 31 OTHERS: SMART GRID MARKET SIZE, BY REGION, 2015–2022 (USD MILLION) 78
TABLE 32 SERVICES: SMART GRID MARKET SIZE, BY TYPE, 2015–2022 (USD MILLION) 80
TABLE 33 SERVICES: SMART GRID MARKET SIZE, BY REGION, 2015–2022 (USD MILLION) 81
TABLE 34 CONSULTING: SMART GRID MARKET SIZE, BY REGION, 2015–2022 (USD MILLION) 81
TABLE 35 SYSTEM INTEGRATION AND DEPLOYMENT: SMART GRID MARKET SIZE,
BY REGION, 2015–2022 (USD MILLION) 82
TABLE 36 SUPPORT AND MAINTENANCE: SMART GRID MARKET SIZE, BY REGION,
2015–2022 (USD MILLION) 83
TABLE 37 SMART GRID MARKET SIZE, BY REGION 2015–2022 (USD MILLION) 85
TABLE 38 NORTH AMERICA: SMART GRID MARKET SIZE, BY TYPE,
2015–2022 (USD MILLION) 88
TABLE 39 NORTH AMERICA: SMART GRID MARKET SIZE, BY SOFTWARE,
2015–2022 (USD MILLION) 88
TABLE 40 NORTH AMERICA: SMART GRID MARKET SIZE, BY ADVANCED METERING INFRASTRUCTURE, 2015–2022 (USD MILLION) 89
TABLE 41 NORTH AMERICA: SMART GRID MARKET SIZE, BY SMART GRID DISTRIBUTION MANAGEMENT, 2015–2022 (USD MILLION) 89
TABLE 42 NORTH AMERICA: SMART GRID MARKET SIZE, BY SMART GRID COMMUNICATION, 2015–2022 (USD MILLION) 90
TABLE 43 NORTH AMERICA: SMART GRID MARKET SIZE, BY HARDWARE,
2015–2022 (USD MILLION) 90
TABLE 44 NORTH AMERICA: SMART GRID MARKET SIZE, BY SERVICE,
2015–2022 (USD MILLION) 91
TABLE 45 EUROPE: SMART GRID MARKET SIZE, BY TYPE, 2015–2022 (USD MILLION) 92
TABLE 46 EUROPE: SMART GRID MARKET SIZE, BY SOFTWARE, 2015–2022 (USD MILLION) 92
TABLE 47 EUROPE: SMART GRID MARKET SIZE, BY ADVANCED METERING INFRASTRUCTURE, 2015–2022 (USD MILLION) 93
TABLE 48 EUROPE: SMART GRID MARKET SIZE, BY SMART GRID DISTRIBUTION MANAGEMENT, 2015–2022 (USD MILLION) 93
TABLE 49 EUROPE: SMART GRID MARKET SIZE, BY SMART GRID COMMUNICATION,
2015–2022 (USD MILLION) 94
TABLE 50 EUROPE: SMART GRID MARKET SIZE, BY HARDWARE, 2015–2022 (USD MILLION) 94
TABLE 51 EUROPE: SMART GRID MARKET SIZE, BY SERVICE, 2015–2022 (USD MILLION) 95
TABLE 52 ASIA PACIFIC: SMART GRID MARKET SIZE, BY TYPE, 2015–2022 (USD MILLION) 97
TABLE 53 ASIA PACIFIC: SMART GRID MARKET SIZE, BY SOFTWARE,
2015–2022 (USD MILLION) 97
TABLE 54 ASIA PACIFIC: SMART GRID MARKET SIZE, BY ADVANCED METERING INFRASTRUCTURE, 2015–2022 (USD MILLION) 98
TABLE 55 ASIA PACIFIC: SMART GRID MARKET SIZE, BY SMART GRID DISTRIBUTION MANAGEMENT, 2015–2022 (USD MILLION) 98
TABLE 56 ASIA PACIFIC: SMART GRID MARKET SIZE, BY SMART GRID COMMUNICATION, 2015–2022 (USD MILLION) 99
TABLE 57 ASIA PACIFIC: SMART GRID MARKET SIZE, BY HARDWARE,
2015–2022 (USD MILLION) 99
TABLE 58 ASIA PACIFIC: SMART GRID MARKET SIZE, BY SERVICE,
2015–2022 (USD MILLION) 100
TABLE 59 MIDDLE EAST AND AFRICA: SMART GRID MARKET SIZE, BY TYPE,
2015–2022 (USD MILLION) 102
TABLE 60 MIDDLE EAST AND AFRICA: SMART GRID MARKET SIZE, BY SOFTWARE,
2015–2022 (USD MILLION) 102
TABLE 61 MIDDLE EAST AND AFRICA: SMART GRID MARKET SIZE, BY ADVANCED METERING INFRASTRUCTURE, 2015–2022 (USD MILLION) 103
TABLE 62 MIDDLE EAST AND AFRICA: SMART GRID MARKET SIZE, BY SMART GRID DISTRIBUTION MANAGEMENT, 2015–2022 (USD MILLION) 103
TABLE 63 MIDDLE EAST AND AFRICA: SMART GRID MARKET SIZE, BY SMART GRID COMMUNICATION, 2015–2022 (USD MILLION) 104
TABLE 64 MIDDLE EAST AND AFRICA: SMART GRID MARKET SIZE, BY HARDWARE,
2015–2022 (USD MILLION) 104
TABLE 65 MIDDLE EAST AND AFRICA: SMART GRID MARKET SIZE, BY SERVICE,
2015–2022 (USD MILLION) 105
TABLE 66 LATIN AMERICA: SMART GRID MARKET SIZE, BY TYPE, 2015–2022 (USD MILLION) 105
TABLE 67 LATIN AMERICA: SMART GRID MARKET SIZE, BY SOFTWARE,
2015–2022 (USD MILLION) 106
TABLE 68 LATIN AMERICA: SMART GRID MARKET SIZE, BY ADVANCED METERING INFRASTRUCTURE, 2015–2022 (USD MILLION) 106
TABLE 69 LATIN AMERICA: SMART GRID MARKET SIZE, BY SMART GRID DISTRIBUTION MANAGEMENT, 2015–2022 (USD MILLION) 107
TABLE 70 LATIN AMERICA: SMART GRID MARKET SIZE, BY SMART GRID COMMUNICATION, 2015–2022 (USD MILLION) 107
TABLE 71 LATIN AMERICA: SMART GRID MARKET SIZE, BY HARDWARE,
2015–2022 (USD MILLION) 108
TABLE 72 LATIN AMERICA: SMART GRID MARKET SIZE, BY SERVICE,
2015–2022 (USD MILLION) 108
TABLE 73 MARKET RANKING FOR THE SMART GRID MARKET, 2017 113

LIST OF FIGURES

FIGURE 1 GLOBAL SMART GRID MARKET: MARKET SEGMENTATION 17
FIGURE 2 GLOBAL SMART GRID MARKET: RESEARCH DESIGN 19
FIGURE 3 RESEARCH METHODOLOGY 20
FIGURE 4 DATA TRIANGULATION 22
FIGURE 5 MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH 23
FIGURE 6 MARKET SIZE ESTIMATION METHODOLOGY: TOP-DOWN APPROACH 24
FIGURE 7 MICROQUADRANT MATRIX: CRITERIA WEIGHTAGE 24
FIGURE 8 NORTH AMERICA IS EXPECTED TO HOLD THE LARGEST MARKET SHARE
DURING THE FORECAST PERIOD 29
FIGURE 9 FASTEST-GROWING SEGMENTS OF THE SMART GRID MARKET 30
FIGURE 10 GOVERNMENT POLICIES AND MANDATES ACROSS THE GLOBE ARE DRIVING THE SMART GRID MARKET 31
FIGURE 11 SMART GRID SOFTWARE IS EXPECTED TO HOLD THE LARGEST MARKET SHARE
IN 2022 31
FIGURE 12 SMART GRID DISTRIBUTION MANAGEMENT IS EXPECTED TO HOLD THE LARGEST MARKET SHARE IN 2022 32
FIGURE 13 SENSORS SEGMENT IS EXPECTED TO WITNESS THE HIGHEST GROWTH RATE DURING THE FORECAST PERIOD 33
FIGURE 14 DEPLOYMENT AND INTEGRATION SERVICES SEGMENT IS EXPECTED TO HOLD THE LARGEST MARKET SHARE DURING THE FORECAST PERIOD 33
FIGURE 15 NORTH AMERICA IS EXPECTED TO HOLD THE LARGEST MARKET SHARE DURING THE FORECAST PERIOD 34
FIGURE 16 SMART GRID MARKET REGIONAL LIFECYCLE: NORTH AMERICA IS EXPECTED TO HOLD THE LARGEST MARKET SHARE 35
FIGURE 17 EUROPE ACCOUNTS FOR THE LARGEST NUMBER OF SMART GRID PROJECTS 37
FIGURE 18 SMART GRID MARKET: STRATEGIC BENCHMARKING 38
FIGURE 19 SMART GRID MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES,
AND CHALLENGES 39
FIGURE 20 SMART GRID DISTRIBUTION MANAGEMENT IS EXPECTED TO HOLD THE LARGEST MARKET SIZE BY 2022 46
FIGURE 21 ADVANCED METERING INFRASTRUCTURE BLOCK DIAGRAM 48
FIGURE 22 METER DATA MANAGEMENT SYSTEM 50
FIGURE 23 BUSINESS PROCESSES ALIGNED WITH METER DATA MANAGEMENT 51
FIGURE 24 METER DATA MANAGEMENT ANALYTICS 53
FIGURE 25 SMART GRID/ADVANCED DISTRIBUTION MANAGEMENT ARCHITECTURAL MODEL 55
FIGURE 26 SUPERVISORY CONTROL AND DATA ACQUISITION ARCHITECTURAL MODEL 57
FIGURE 27 OUTAGE MANAGEMENT INTERACTIVE MODEL 59
FIGURE 28 ADOPTION OF ENERGY MANAGEMENT SYSTEM SOFTWARE MARKET BY DIFFERENT VERTICALS 61
FIGURE 29 SUBSTATION AUTOMATION ARCHITECTURE 68
FIGURE 30 NETWORKING HARDWARE IS EXPECTED TO HOLD THE LARGEST MARKET SIZE
BY 2022 73
FIGURE 31 AMI METER BLOCK DIAGRAM 74
FIGURE 32 DEPLOYMENT AND INTEGRATION SERVICES SEGMENT IS EXPECTED TO HOLD
THE LARGEST MARKET SIZE BY 2022 80
FIGURE 33 NORTH AMERICA IS EXPECTED TO HOLD THE LARGEST MARKET SIZE BY 2022 85
FIGURE 34 ASIA PACIFIC: HOTSPOT FOR SMART GRID MARKET, 2017–2022 86
FIGURE 35 NORTH AMERICA: MARKET SNAPSHOT 87
FIGURE 36 ASIA PACIFIC: MARKET SNAPSHOT 96
FIGURE 37 MIDDLE EAST AND AFRICA: MARKET SNAPSHOT 101
FIGURE 38 SMART GRID MARKET (GLOBAL) COMPETITIVE LEADERSHIP MAPPING, 2017 110
FIGURE 39 GENERAL ELECTRIC COMPANY: COMPANY SNAPSHOT 114
FIGURE 40 ABB LTD.: COMPANY SNAPSHOT 119
FIGURE 41 SIEMENS AG: COMPANY SNAPSHOT 123
FIGURE 42 SCHNEIDER ELECTRIC SA: COMPANY SNAPSHOT 128
FIGURE 43 ITRON, INC.: COMPANY SNAPSHOT 133
FIGURE 44 LANDIS+GYR: COMPANY SNAPSHOT 138
FIGURE 45 CISCO SYSTEMS, INC.: COMPANY SNAPSHOT 146
FIGURE 46 INTERNATIONAL BUSINESS MACHINES CORPORATION: COMPANY SNAPSHOT 156
FIGURE 47 WIPRO LIMITED: COMPANY SNAPSHOT 160
FIGURE 48 ORACLE CORPORATION: COMPANY SNAPSHOT 164

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