Abstract
Summary
KEY FINDINGS
The Asia-Pacific smart grid market is anticipated to project a CAGR of 10.93% during the forecast period, 2021-2028. The surging initiatives of smart cities in developing countries like India, the increasing need to link rural areas with national grid systems, and the growing investments in smart meters and smart grid technology propel market growth.
MARKET INSIGHTS
Thailand, China, Singapore, Indonesia, South Korea, Australia & New Zealand, India, Japan, and Rest of Asia-Pacific, are evaluated for the Asia-Pacific smart grid market growth analysis. The smart grid is closely associated with the smart community in Japan. The smart communities focus on energy issues, along with increasing stakeholders’ involvement. Smart meters are one of the central measures in the country’s strategy for smart grids. Singapore entails one of the most reliable electricity systems in the world. In comparison to other systems, the country has several smart grid features built-in, like the SCADA (Supervisory Control and Data Acquisition) system, enabling remote monitoring and control of key installations. The partnerships and collaborations among the market players are set to benefit the market. Further, three new initiatives were announced in 2019 to supply households with more electricity usage information. In Australia, the smart grid is the sought-after solution to tackle the increasing electricity costs, political pressure to shut down coal-fired power stations, and the aging infrastructure. The investments are expected to enhance the operations of utility firms and provide gird reliability. Such factors are expected to boost the market growth.
COMPETITIVE INSIGHTS
Wipro Limited, International Business Machines Corporation, Cisco Systems Inc, Sensus Inc, Amdocs Corporation, etc., are some of the market's leading companies.
Our report offerings include:
• Explore key findings of the overall market
• Strategic breakdown of market dynamics (Drivers, Restraints, Opportunities, Challenges)
• Market forecasts for a minimum of 9 years, along with 3 years of historical data for all segments, sub-segments, and regions
• Market Segmentation cater to a thorough assessment of key segments with their market estimations
• Geographical Analysis: Assessments of the mentioned regions and country-level segments with their market share
• Key analytics: Porter's Five Forces Analysis, Vendor Landscape, Opportunity Matrix, Key Buying Criteria, etc.
• Competitive landscape is the theoretical explanation of the key companies based on factors, market share, etc.
• Company profiling: A detailed company overview, product/services offered, SCOT analysis, and recent strategic developments
Table of Contents
1 RESEARCH SCOPE & METHODOLOGY
1.1 STUDY OBJECTIVES
1.2 SCOPE OF STUDY
1.3 METHODOLOGY
1.4 ASSUMPTIONS & LIMITATIONS
2 EXECUTIVE SUMMARY
2.1 MARKET SIZE & ESTIMATES
2.2 MARKET OVERVIEW
3 MARKET DYNAMICS
3.1 MARKET SCOPE
3.2 KEY DRIVERS
3.2.1 NEED FOR EFFICIENT USE OF ENERGY
3.2.2 RAPID DIGITIZATION OF ELECTRICITY INFRASTRUCTURE
3.2.3 SHIFTING TREND TOWARDS RENEWABLE ENERGY USE
3.2.4 GOVERNMENT REGULATIONS & POLICIES
3.2.5 STABILITY IN INSTALLATION COSTS
3.2.6 INVESTMENT IN SMART GRID PROJECTS
3.3 KEY RESTRAINTS
3.3.1 CHALLENGES IN TERMS OF INTEROPERABILITY & STANDARDIZATION
3.3.2 SECURITY CONCERNS
4 KEY ANALYTICS
4.1 IMPACT OF COVID-19 ON SMART GRID MARKET
4.2 KEY INVESTMENT INSIGHTS
4.3 PORTER’S FIVE FORCES ANALYSIS
4.3.1 BUYERS POWER
4.3.2 SUPPLIERS POWER
4.3.3 SUBSTITUTION
4.3.4 NEW ENTRANTS
4.3.5 INDUSTRY RIVALRY
4.4 OPPORTUNITY MATRIX
4.5 VENDOR LANDSCAPE
5 MARKET BY END-USER
5.1 COMMERCIAL END-USER
5.2 INDUSTRIAL END-USER
5.3 RESIDENTIAL END-USER
6 MARKET BY APPLICATION
6.1 TRANSMISSION
6.2 DISTRIBUTION
6.3 CONSUMPTION/END-USE
6.4 GENERATION
7 MARKET BY COMPONENT
7.1 SOLUTION
7.1.1 SUBSTATION AUTOMATION
7.1.2 SMART GRID DISTRIBUTION MANAGEMENT
7.1.3 ADVANCED METERING INFRASTRUCTURE
7.1.4 SMART GRID NETWORK MANAGEMENT
7.1.5 SMART GRID SECURITY
7.1.6 SMART GRID COMMUNICATION
7.1.7 OTHER SOLUTIONS
7.2 SERVICES
8 GEOGRAPHICAL ANALYSIS
8.1 ASIA-PACIFIC
8.1.1 MARKET SIZE & ESTIMATES
8.1.2 KEY GROWTH ENABLERS
8.1.3 KEY CHALLENGES
8.1.4 KEY PLAYERS
8.1.5 COUNTRY ANALYSIS
- 8.1.5.1 CHINA
- 8.1.5.2 JAPAN
- 8.1.5.3 INDIA
- 8.1.5.4 SOUTH KOREA
- 8.1.5.5 INDONESIA
- 8.1.5.6 THAILAND
- 8.1.5.7 SINGAPORE
- 8.1.5.8 AUSTRALIA & NEW ZEALAND
- 8.1.5.9 REST OF ASIA-PACIFIC
9 COMPETITIVE LANDSCAPE
9.1 KEY STRATEGIC DEVELOPMENTS
9.1.1 MERGERS & ACQUISITIONS
9.1.2 PRODUCT LAUNCHES & DEVELOPMENTS
9.1.3 PARTNERSHIPS & AGREEMENTS
9.1.4 BUSINESS EXPANSIONS & DIVESTITURES
9.2 COMPANY PROFILES
9.2.1 ABB LTD
9.2.2 AMDOCS CORPORATION
9.2.3 AUTOGRID SYSTEMS INC
9.2.4 CISCO SYSTEMS INC
9.2.5 GENERAL ELECTRIC COMPANY
9.2.6 HONEYWELL INTERNATIONAL
9.2.7 INTERNATIONAL BUSINESS MACHINES CORPORATION
9.2.8 ITRON INC
9.2.9 LANDIS & GYR GROUP AG
9.2.10 ORACLE CORPORATION
9.2.11 SCHNEIDER ELECTRIC SE
9.2.12 SENSUS INC
9.2.13 SIEMENS AG
9.2.14 TANTALUS SYSTEM CORP
9.2.15 WIPRO LIMITED