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PUBLISHER: Juniper Research Ltd | PRODUCT CODE: 1494935
PUBLISHER: Juniper Research Ltd | PRODUCT CODE: 1494935
Global Smart Grid Market: 2024-2029
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| KEY STATISTICS | |
|---|---|
| Total energy cost savings in 2024: | $84bn |
| Total energy cost savings in 2029: | $291bn |
| 2024 to 209 market growth: | 249% |
| Forecast period: | 2024-2029 |
Overview
Our "Smart Grid" research suite provides detailed and perceptive analysis of this evolving market; enabling stakeholders from utility companies, grid operators, energy companies, and technology manufacturers and developers to understand future growth, key trends, and the competitive environment.
The suite features several different options that can be purchased separately, including access to data mapping the adoption and smart grid market growth in the coming years, and an insightful study uncovering the latest trends and opportunities within the market. Additionally, the report contains an extensive analysis of the 20 market leaders in the smart grid space. The coverage can also be purchased as a Full Research Suite, containing all of these elements, and including a substantial discount.
Collectively, they provide a critical tool for understanding this rapidly emerging market; allowing utilities and technology vendors to shape their future strategy. Its unparalleled coverage makes this research suite an incredibly useful resource for charting the future of such a crucially important and rapidly growing sector.
Key Features
- Market Dynamics: Insights into key trends and market expansion challenges within the smart grid market. Specifically, the report addresses challenges posed by hardware and digital technologies relating to electrical grids products and services, ongoing consumer fears regarding security of data, the benefits of increasing regulatory involvement and investment from governments, and how efficient smart grid projects are compared to traditional electricity grids. The smart grid strategy & trends research also includes analysis of the various segments comprising the smart grid market, and a regional market growth analysis on the current and future development and segment growth of the smart grid market size. It includes the Juniper Research Country Readiness Index assessing the market readiness and growth across all 60 countries featured in our forecast, as well as providing a future outlook.
- Key Takeaways & Strategic Recommendations: In-depth analysis of key development opportunities and findings within the smart grid market; accompanied by strategic recommendations for stakeholders.
- Benchmark Industry Forecasts: The business overview into financial service providers includes forecasts for total revenue of smart grids and smart meters. A plethora of additional forecasts are included for both the smart grid and smart meter markets.
- Juniper Research Competitor Leaderboard: Key player capability and capacity assessment for 20 smart grid vendors via the Juniper Research Competitor Leaderboard, featuring market size for key players in the smart grid market.
Market Data & Forecasting Report
The numbers tell you what's happening, but our written report details why, alongside the methodologies.
Market Trends & Strategies Report
A comprehensive analysis of the current market landscape, alongside strategic recommendations.
Market Data & Forecasting Report
The market-leading research suite for the "Smart Grid" market includes access to the full set of forecast data of 46 tables and 21,000 datapoints. Metrics in the research suite include:
- Total Smart Grid Software Revenue
- Total Energy Savings due to Smart Grids
- Total Carbon Emissions Reduction due to Smart Grids
- Total Smart Meter Shipments
- Total Smart Meters in Service
- Total Smart Meter Revenue
Juniper Research Interactive Forecast Excel contains the following functionality:
- Statistics Analysis: Users benefit from the ability to search for specific metrics, displayed for all regions and countries across the data period. Graphs are easily modified and can be exported to the clipboard.
- Country Data Tool: This tool lets users look at metrics for all regions and countries in the forecast period. Users can refine the metrics displayed via a search bar.
- Country Comparison Tool: Users can select compare specific countries. The ability to export graphs is included in this tool.
- What-if Analysis: Here, users can compare forecast metrics against their own assumptions, via 5 interactive scenarios
Market Trends & Strategies Report
This report examines the "Smart Grid" market landscape in detail; assessing market trends and factors shaping the evolution of this rapidly growing market. The report delivers comprehensive analysis of the strategic opportunities for smart grid players; addressing key verticals and developing challenges, and how stakeholders should navigate these. It also includes evaluation of key country-level opportunities for smart grid growth based on current smart grid deployments, smart technologies, renewable energy sources utilised, and more.
Competitor Leaderboard Report
The Competitor Leaderboard report provides a detailed evaluation and market positioning for 20 leading vendors in the "Smart Grid" space. The vendors are positioned as established leaders, leading challengers or disruptors and challengers based on capacity and capability assessments:
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This document is centred around the Juniper Research Competitor Leaderboard; a vendor positioning tool that provides an at-a-glance view of the competitive dynamic landscape in a market, backed by a robust methodology.
Table of Contents
Market Trends & Strategies
1. Key Takeaways & Strategic Recommendations
- 1.1. Key Takeaways
- 1.2. Strategic Recommendations
2. Smart Grid: Market Landscape
- 2.1. Introduction
- Figure 2.1: Electric Grid vs Smart Grid
- 2.2. Key Areas in the Organisation of the Smart Grid
- Figure 2.2: Smart Grid Network Layer
- 2.2.1. Networks in the Smart Grid
- i. Technologies/ Networks Merging Communication Infrastructure for Smart Grids
- 2.2.2. Enabling Technologies & Devices
- 2.2.3. Microgrids
- 2.2.4. Smart Grid Software Architecture
- 2.3. Current Smart Grid Market Landscape
- Figure 2.3: Annual Residential Electricity Consumption (TWh), Split by 8 Key Regions, 2024 & 2029
- 2.4. The Benefits of Smart Grid Deployment
- 2.5. Challenges Surrounding Deploying Smart Grids
3. Smart Grid: Segment Analysis
- 3.1. Smart Grid Segment Analysis
- 3.1.1. Grid Battery Storage Capabilities
- Figure 3.1: Grid Battery Storage Overview
- 3.1.2. Smart Metering Market Status
- Figure 3.2: Total Smart Meters in Service (m), Split by 8 Key Regions, 2024
- 3.1.3. Artificial Intelligence
- Figure 3.3: Total Smart Grid Software Spend ($m), Split by 8 Key Regions, 2024
- 3.1.1. Grid Battery Storage Capabilities
4. Smart Grid: Country Readiness Index
- 4.1. Introduction
- Figure 4.1: Juniper Research's 8 Key Regions Definition
- Table 4.2: Juniper Research Smart Grid Country Readiness Index: Scoring Criteria
- Figure 4.1: Juniper research Country Readiness Index - Smart Grid
- Figure 4.2: Juniper Research's Competitive Web - Smart Grid Regional Opportunities
- Table 4.3: Country Readiness Index Market Segments - Smart Grid
- 4.1.1. Focus Markets
- 4.1.2. Growth Markets
- 4.1.3. Saturated Markets
- 4.1.4. Developing Markets
- 4.1.5. Country Readiness Index Heatmaps
- i. North America
- Table 4.4: Juniper Research's Smart Grid Country Readiness Index: North America
- ii. Latin America
- Table 4.5: Juniper Research's Smart Grid Country Readiness Index: Latin America
- iii. West Europe
- Table 4.6: Juniper Research's Smart Grid Country Readiness Index: West Europe
- iv. Central & East Europe
- Table 4.7: Juniper Research's Smart Grid Country Readiness Index: Central & East Europe
- v. Far East & China
- Table 4.8: Juniper Research's Smart Grid Country Readiness Index: Far East & China
- vi. Indian Subcontinent
- Table 4.9: Juniper Research's Smart Grid Country Readiness Index: Indian Subcontinent
- vii. Rest of Asia Pacific
- Table 4.10: Juniper Research's Smart Grid Country Readiness Index: Rest of Asia Pacific
- viii. Africa & Middle East
- Table 4.11: Juniper Research's Smart Grid Country Readiness Index: Africa & Middle East
- i. North America
Competitor Leaderboard
1. Smart Grid Competitor Leaderboard
- 1.1. Why Read this Report?
- Table 1.1: Juniper Research Competitor Leaderboard: Smart Grid Vendors
- Figure 1.2: Juniper Research Competitor Leaderboard: Smart Grid
- Table 1.3: Juniper Research Competitor Leaderboard: Smart Grid Vendors & Positioning
- Table 1.4: Juniper Research Smart Grid Competitor Leaderboard Heatmap - Part 1
- Table 1.5: Juniper Research Smart Grid Competitor Leaderboard Heatmap - Part 2
2. Company Profiles
- 2.1. Vendor Profiles
- 2.1.1. ABB
- i. Corporate Information
- ii. Geographic Spread
- iii. Key Clients & Strategic Partnerships
- iv. High-level View of Offerings
- v. Juniper Research's View: Key Strengths & Strategic Development Opportunities
- 2.1.2. Cisco Systems
- i. Corporate Information
- ii. Geographic Spread
- iii. Key Clients & Strategic Partnerships
- iv. High-level View of Offerings
- v. Juniper Research's View: Key Strengths & Strategic Development Opportunities
- 2.1.3. Eaton
- i. Corporate Information
- ii. Geographic Spread
- iii. Key Clients & Strategic Partnerships
- iv. High-level View of Offerings
- v. Juniper Research's View: Key Strengths & Strategic Development Opportunities
- 2.1.4. Fujitsu
- i. Corporate Information
- ii. Geographic Spread
- iii. Key Clients & Strategic Partnerships
- iv. High-level View of Offerings
- v. Juniper Research's View: Key Strengths & Strategic Development Opportunities
- 2.1.5. General Electric Vernova
- i. Corporate Information
- ii. Geographic Spread
- iii. Key Clients & Strategic Partnerships
- iv. High-level View of Offerings
- v. Juniper Research's View: Key Strengths & Strategic Development Opportunities
- 2.1.6. Hitachi Energy
- i. Corporate Information
- ii. Geographic Spread
- iii. Key Clients & Strategic Partnerships
- iv. High-level View of Offerings
- v. Juniper Research's View: Key Strengths & Strategic Development Opportunities
- 2.1.7. Honeywell
- i. Corporate Information
- ii. Geographic Spread
- iii. Key Clients & Strategic Partnerships
- iv. High-level View of Offerings
- v. Juniper Research's View: Key Strengths & Strategic Development Opportunities
- 2.1.8. IBM Corporation
- i. Corporate Information
- ii. Geographic Spread
- iii. Key Clients & Strategic Partnerships
- iv. High-level View of Offerings
- v. Juniper Research's View: Key Strengths & Strategic Development Opportunities
- 2.1.9. Itron
- i. Corporate Information
- ii. Geographic Spread
- iii. Key Clients & Strategic Partnerships
- iv. High-level View of Offerings
- v. Juniper Research's View: Key Strengths & Strategic Development Opportunities
- 2.1.10. Landis+Gyr AG
- i. Corporate Information
- ii. Geographic Spread
- iii. Key Clients & Strategic Partnerships
- iv. High-level View of Offerings
- v. Juniper Research's View: Key Strengths & Strategic Development Opportunities
- 2.1.11. Johnson Controls
- i. Corporate Information
- ii. Geographic Spread
- iii. Key Clients & Strategic Partnerships
- iv. High-level View of Offerings
- v. Juniper Research's View: Key Strengths & Strategic Development Opportunities
- 2.1.12. Open Systems International
- i. Corporate Information
- ii. Geographic Spread
- iii. Key Clients & Strategic Partnerships
- iv. High-level View of Offerings
- v. Juniper Research's View: Key Strengths & Strategic Development Opportunities
- 2.1.13. Oracle Corporation
- i. Corporate Information
- ii. Geographic Spread
- iii. Key Clients & Strategic Partnerships
- iv. High-level View of Offerings
- v. Juniper Research's View: Key Strengths & Strategic Development Opportunities
- 2.1.14. Panasonic Corporation
- i. Corporate Information
- ii. Geographic Spread
- iii. Key Clients & Strategic Partnerships
- iv. High-level View of Offerings
- v. Juniper Research's View: Key Strengths & Strategic Development Opportunities
- 2.1.15. Robert Bosch GmbH
- i. Corporate Information
- ii. Geographic Spread
- iii. Key Clients & Strategic Partnerships
- iv. High-level View of Offerings
- v. Juniper Research's View: Key Strengths & Strategic Development Opportunities
- 2.1.16. Schneider Electric
- i. Corporate Information
- ii. Geographic Spread
- iii. Key Clients & Strategic Partnerships
- iv. High-level View of Offerings
- v. Juniper Research's View: Key Strengths & Strategic Development Opportunities
- 2.1.17. Siemens AG
- i. Corporate Information
- ii. Geographic Spread
- iii. Key Clients & Strategic Partnerships
- iv. High-level View of Offerings
- v. Juniper Research's View: Key Strengths & Strategic Development Opportunities
- 2.1.18. Sunverge
- i. Corporate Information
- ii. Geographic Spread
- iii. Key Clients & Strategic Partnerships
- iv. High-level View of Offerings
- v. Juniper Research's View: Key Strengths & Strategic Development Opportunities
- 2.1.19. Tantalus
- i. Corporate Information
- ii. Geographic Spread
- iii. Key Clients & Strategic Partnerships
- iv. High-level View of Offerings
- v. Juniper Research's View: Key Strengths & Strategic Development Opportunities
- 2.1.20. Wipro
- i. Corporate Information
- ii. Geographic Spread
- iii. Key Clients & Strategic Partnerships
- iv. High-level View of Offerings
- v. Juniper Research's View: Key Strengths & Strategic Development Opportunities
- 2.1.1. ABB
- 2.2. Juniper Research Leaderboard Assessment Methodology
- 2.2.1. Limitations & Interpretations
- Table 2.1: Juniper Research Smart Grid Competitor Leaderboard Criteria
- 2.2.1. Limitations & Interpretations
Data & Forecasting
1. Market Overview & Methodology
- 1.1. Introduction
- Figure 1.1: Electric Grid vs Smart Grid
- 1.2. Smart Grid: Forecast Methodology & Assumptions
- Figure 1.2: Smart Grid Forecast Methodology
- Figure 1.3: Smart Metering Forecast Methodology
2. Smart Grid Market Forecasts
- 2.1. Introduction
- 2.1.1. Smart Grid Software Revenue
- Figure & Table 2.1: Total Smart Grid Software Spend ($m), Split by 8 Key Regions, 2024-2029
- 2.1.2. Smart Grid Energy Cost Savings
- Figure & Table 2.2: Total Smart Grid Energy & Emissions Cost Savings ($m), Split by 8 Key Regions, 2024-2029
- 2.1.3. Smart Grid Energy Savings
- Figure & Table 2.3: Total Smart Grid Energy Saving (TWh), Split by 8 Key Regions, 2024-2029
- 2.1.4. Smart Grid Emissions Reductions
- Figure & Table 2.4: Total Smart Grid Emissions Reduction (MMT CO2e), Split by 8 Key Regions, 2024-2029
- 2.1.1. Smart Grid Software Revenue
3. Smart Metering Market Forecasts
- 3.1. Introduction
- 3.1.1. Smart Meters in Service
- Figure & Table 3.1: Total Volume of Smart Meters in Service (m), Split by 8 Key Regions, 2024-2029
- 3.1.2. Smart Meter Shipments
- Figure 3.2: Total Number of Smart Meter Shipments (m) Split by 8 Key Regions, 2024-2029
- 3.1.3. Smart Meters Split by Wireless Technology
- Figure & Table 3.3: Total Smart Meter SIMs in Service (m) Accounting for Aggregation, Split by Wireless Technology, 2024-2029
- 3.1.4. Smart Meter Hardware Revenue
- Figure & Table 3.4: Total Smart Meter Hardware Revenue ($m), Split by 8 Key Regions, 2024-2029
- 3.1.5. Smart Meter Connectivity Revenue
- Figure & Table 3.5: Total Smart Meter Connectivity & Enablement Revenues ($m) Split by 8 Key Regions, 2024-2029
- 3.1.6. Smart Meter Total Revenue
- Figure & Table 3.6: Total Smart Meter Revenue ($m) Split by 8 Key Regions, 2024-2029
- 3.1.1. Smart Meters in Service
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