Global & APAC Smart Grid Market research report Competitive Landscape, segmentation, size, CAGR and Forecast 2017 to 2023 - Asia Pacific Market Research

Global & APAC Smart Grid Market research report Competitive Landscape, segmentation, size, CAGR and Forecast 2017 to 2023

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Global & APAC Smart Grid Market research report Competitive Landscape, segmentation, size, CAGR and Forecast 2017 to 2023

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Smart grids can be deployed to regulate voltage constantly, can make contact to the connected smart meters when needed and can be remotely accessed. A smart grid also provides voltage optimization, reduces energy consumption and decreases greenhouse gas emission as well. All these factors related to smart grids makes smart meter an imperative part of electricity consumption and energy supply retrofit. Smart grids utilize smart transformers which immediately reduce the consumption with the help of stable supply. Moreover, these smart grids also protect connected electrical equipment from rapid power fluctuations, which helps to improve the equipment working. Thus, The APAC smart grids market is valued $6 billion in 2016 and is likely to grow $30 billion in 2022 with an anticipated CAGR 30.7% in the forecast period 2016-2022, owing to the increasing demand from countries such as China, Japan and India. In addition to this, concerns related with data security and privacy and high cost of installation become the major threat for the market which hinders the growth of the market. Implementing smart grids reduces long term capital expenditure, can effectively manage energy demand through predictive analytics, monitor and avoid losses and thefts, requires less cost of maintenance, easy regulations and compliance for better customer engagement and so on. Due to all these factors, the demand for these smart grids in Asia pacific is expected to grow in the future. However, few restraints and challenges such as lack of trained operators, barriers in adopting new technology, high initial installation cost and interoperability and standard interface are hampering the market potential of global smart grid technology market.

The APAC smart grids market is divided into; software and hardware, sensors and communication network. The software and hardware segment of smart grids consists of distribution management system, demand response management system, meter data management system, supervisory control and data acquisition system, smart meters and outage management system. Sensor segment is segregated into voltage sensors, transformer monitoring sensors, dynamic line monitoring sensor home area network sensor. Communication segment is also divided into; wide area network and home area network. Due to increasing implementation of traction locomotives and development in solid state transformers the transformer monitoring sensor segment in smart grid market is anticipated to grow with the highest CAGR in the forecast period.

The APAC smart grid based on top countries is divided into; China, India, Korea, Japan, Australia, New Zealand and rest of Asia Pacific. Out of all these countries China has the highest deployment rate of smart transformer i.e. 14% higher than other countries all these transformers require smart grids to communicate with the centralized controlling system. China is the world’s largest market for electricity infrastructure and smart grids. It offers huge importing opportunities for voltage transmission devices and synchrophasor technology for smart cities and smart grids project all over the world. China has its commitments to enormous expand its use of smart meters till 2020. Till 2015, around 425.8 million smart meters have already been contracted. Average Annual investment in smart metering was estimated to be around $1.4 billion in year 2015 and was likely to reach $2.9 billion in 2016. In addition to this, till 2020 China is anticipated to account about 24 percent of the global smart grid market. Moreover, China has the highest deployment rate of transformer and smart grids hence China holds the largest market share in the APAC smart transformer market. India’s Smart Grid Market is strengthened by its fast-growing economy and rising electricity consumption. Government policies for energy access, smart cities developments and for renewable resources deployment boosts growth in the Indian smart grid market. However, challenges related to access of finance is hindering the growth in the market. The awareness to save the energy and to decrease the carbon emission with the help of smart devices is rising in countries like Korea and Japan hence these countries are emerging as the promising growth countries in the forecast period. These countries also have a higher deployment rate of smart transformer and smart grids. Thus the market of smart grids in these countries is likely to grow in the future.

There are huge number of companies involved in smart grid manufacturing technology. Some of the major players situated in Asia Pacific regions are; C3 Energy, Cisco, Cooper Power Systems LL, Echelon Corp., Energy Worx, GE Energy, Grid 4c, Grid Net, IBM, Infrax Systems Inc., Osissoft LLC., Silver Springs Networks Inc., Tibbo Technology Inc., Trilliant Inc and Verizon Communication. Merger acquisition are the key strategies, mostly adopted by the key players. One such recent example of merger is; Trilliant Inc. a global leader in smart grid communication in 2015, acquired Ingenu. Because of this acquisition Trilliant has the solution for connecting smart metering infrastructures. Trilliant is also able to give license Ingenu's RPMA® which is Random Phase Multiple Access networking technology to participate with Smart Communications Platform.

Additional information

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Single User APAC License, Single User Global License, Site License APAC, Site License Global

  1. INTRODUCTION
    • EXECUTIVE SUMMARY
    • ESTIMATION METHODOLOGY
  2. MARKET OVERVIEW
    • MARKET DEFINITION AND SCOPE
    • VALUE CHAIN ANALYSIS
    • KEY BUYING CRITERIA
    • PORTERS 5 FORCE MODEL
    • KEY MARKET TRENDS
      • PIPELINE ANALYSIS
      • R & D SCENARIO
      • REGULATORY FRAMEWORK
    • PARAMETRIC ANALYSIS
    • KEY MARKET INSIGHTS
      • TOP 3 EMERGING COUNTRIES
      • TOP 3 REVENUE GENERATING SEGMENTS
      • TOP 3 EMERGING SEGMENTS
    • COMPETITIVE INTELLIGENCE
      • MARKET SHARE ANALYSIS
      • TOP WINNING STRATEGIES
      • CASE STUDY: TOP COMPETITIVE MOVES
    • STRATEGIC RECOMMENDATIONS & KEY CONCLUSIONS
      • INVESTMENT OPPORTUNITIES BY COUNRIES
      • OPPORTUNITIES IN EMERGING APPLICATIONS
      • INVESTMENT OPPORTUNITY IN FASTEST GROWING SEGMENT
  1. MARKET DETERMINANTS
    • MARKET DRIVER
      • IMPROVED COMMUNICATION NETWORK
      • GOVERNMENT INITIATIVES FOR SMART GRID ROLLOUTS
      • EMERGENCE OF CLOUD PLATFORM AND INCREASING IOT ADOPTION
      • NEED FOR ENERGY EFFICIENCY
      • REDUCTION IN TRANSMISSION AND DISTRIBUTION LOSSES
      • RISING DATA AVAILABILITY
    • MARKET RESTRAINTS
      • LACK OF SPECIALIZED SKILLS AND EXPERIENCE
      • INTEROPERABILITY AND STANDARD INTERFACE
    • MARKET OPPORTUNITIES
      • INCREASING INVESTMENTS IN EMERGING ECONOMIES
      • INCREASING EFFORTS TO REDUCE CARBON FOOT PRINTS
      • EMERGENCE OF IOT& BIG DATA
    • MARKET CHALLENGES
      • BARRIERS IN ADOPTING NEW TECHNOLOGY
      • HIGH COST OF INSTALLATION
  1. MARKET SEGMENTATION
    • APAC SMART GRID MARKET BY SOFTWARE AND HARDWARE 2014 -2022 ($ MILLION)
      • APAC SMART GRID MARKET BY DISTRIBUTION MANAGEMENT SYSTEM 2014 -2022 ($ MILLION)
      • APAC SMART GRID MARKET BY DEMAND RESPONSE MANAGEMENT (DRM) 2014 -2022 ($ MILLION)
      • APAC SMART GRID MARKET BY METER DATA MANAGEMENT SYSTEM (MDMS) 2014 -2022 ($ MILLION)
      • APAC SMART GRID MARKET BY SUPERVISORY CONTROL AND DATA ACQUISITION (SCADA) 2014 -2022 ($ MILLION)
      • APAC SMART GRID TECHNOLOGY MARKET BY SMART METER 2014-2022 ($ MILLION)
      • APAC SMART GRID TECHNOLOGY MARKET BY OUTAGE MANAGEMENT 2014-2022 ($ MILLION)
    • APAC SMART GRID MARKET BY TYPE 2014 -2022 ($ MILLION)
      • APAC SMART GRID MARKET BY DISTRIBUITION GRID 2014 -2022 ($ MILLION)
      • APAC SMART GRID MARKET BY INSTRUMENTS GRID 2014 -2022 ($ MILLION)
      • APAC SMART GRID MARKET BY POWER GRID 2014 -2022 ($ MILLION)
      • APAC SMART GRID MARKET BY SPECIALITY GRID 2014 -2022 ($ MILLION)
    • APAC SMART GRID MARKET BY SENSOR 2014 -2022 ($ MILLION)
      • APAC SMART GRID MARKET BY APPLICATION VOLTAGE SENSORS 2014 -2022 ($ MILLION)
      • APAC SMART GRID MARKET BY TRANSFORMER MONITORING SENSORS 2014 -2022 ($ MILLION)
      • APAC SMART GRID MARKET BY DYNAMIC LINE RATING SENSORS 2014 -2022 ($ MILLION)
      • APAC SMART GRID MARKET BY HOME AREA NETWORK SENSORS 2014 -2022 ($ MILLION)
    • APAC SMART GRID MARKET BY COMMUNICATION NETWORK 2014 -2022 ($ MILLION)
      • APAC SMART GRID TECHNOLOGY MARKET BY WIDE AREA NETWORK 2014-2022 ($ MILLION)
      • APAC SMART GRID TECHNOLOGY MARKET BY HOME AREA NETWORK 2014-2022 ($ MILLION)
  1. GEOGRAPHIC ANALYSIS
    • CHINA SMART GRID MARKET 2014 -2022 ($ MILLION)
    • INDIA SMART GRID MARKET 2014 -2022 ($ MILLION)
    • KOREA SMART GRID MARKET 2014 -2022 ($ MILLION)
    • JAPAN SMART GRID MARKET 2014 -2022 ($ MILLION)
    • AUSTRALIA SMART GRID MARKET 2014 -2022 ($ MILLION)
    • NEWZEALAND SMART GRID MARKET 2014 -2022 ($ MILLION)
    • REST OF ASIA PACIFIC SMART GRID MARKET 2014 -2022 ($ MILLION)
  2. GLOBAL VS APAC MARKET “A COMPARATIVE STUDY”
    • DECISION SUPPORT DATABASE & ESTIMATION METHODOLOGY
    • COMPARATIVE ANALYSIS ACROSS MARKET SEGMENTS
    • OPPORTUNITY MATRIX
    • US VS APAC MARKET
    • EUROPE VS APAC MARKET
    • ROW VS APAC MARKET
  3. COMPANY PROFILES
    • C3 Energy
    • Cisco
    • Cooper Power Systems LL
    • Echelon Corp.
    • Energy Worx
    • GE Energy
    • GRID4c
    • GRIDNet
    • IBM
    • Infrax Systems Inc.
    • Osissoft LLC.
    • Silver Springs Networks Inc.
    • Tibbo Technology Inc.
    • Trilliant Inc.
    • Verizon Communications Inc.

LIST OF TABLES

  1. APAC SMART GRID MARKET BY SOFTWARE AND HARDWARE 2014 -2022 ($ MILLION)
  2. APAC SMART GRID MARKET BY DISTRIBUTION MANAGEMENT SYSTEM ACROSS GEOGRAPHICS 2014 -2022 ($ MILLION)
  3. APAC SMART GRID MARKET BY DEMAND RESPONSE MANAGEMENT (DRM) ACROSS GEOGRAPHICS 2014 -2022 ($ MILLION)
  4. APAC SMART GRID MARKET BY METER DATA MANAGEMENT SYSTEM (MDMS) ACROSS GEOGRAPHICS 2014 -2022 ($ MILLION)
  5. APAC SMART GRID MARKET BY SUPERVISORY CONTROL AND DATA ACQUISITION (SCADA) ACROSS GEOGRAPHICS 2014 -2022 ($ MILLION)
  6. APAC SMART GRID TECHNOLOGY MARKET BY SMART METER ACROSS GEOGRAPHICS  2014-2022 ($ MILLION)
  7. APAC SMART GRID TECHNOLOGY MARKET BY OUTAGE MANAGEMENT ACROSS GEOGRAPHICS 2014-2022 ($ MILLION)
  8. APAC SMART GRID MARKET BY TYPE 2014 -2022 ($ MILLION)
  9. APAC SMART GRID MARKET BY DISTRIBUITION GRID ACROSS GEOGRAPHICS 2014 -2022 ($ MILLION)
  10. APAC SMART GRID MARKET BY INSTRUMENTS GRID ACROSS GEOGRAPHICS 2014 -2022 ($ MILLION)
  11. APAC SMART GRID MARKET BY POWER GRID ACROSS GEOGRAPHICS 2014 -2022 ($ MILLION)
  12. APAC SMART GRID MARKET BY SPECIALITY GRID ACROSS GEOGRAPHICS 2014 -2022 ($ MILLION)
  13. APAC SMART GRID MARKET BY SENSOR ACROSS GEOGRAPHICS 2014 -2022 ($ MILLION)
  14. APAC SMART GRID MARKET BY APPLICATION VOLTAGE SENSORS 2014 -2022 ($ MILLION)
  15. APAC SMART GRID MARKET BY TRANSFORMER MONITORING SENSORS ACROSS GEOGRAPHICS 2014 -2022 ($ MILLION)
  16. APAC SMART GRID MARKET BY DYNAMIC LINE RATING SENSORS ACROSS GEOGRAPHICS 2014 -2022 ($ MILLION)
  17. APAC SMART GRID MARKET BY HOME AREA NETWORK SENSORS ACROSS GEOGRAPHICS 2014 -2022 ($ MILLION)
  18. APAC SMART GRID MARKET BY COMMUNICATION NETWORK 2014 -2022 ($ MILLION)
  19. APAC SMART GRID TECHNOLOGY MARKET BY WIDE AREA NETWORK ACROSS GEOGRAPHICS 2014-2022 ($ MILLION)
  20. APAC SMART GRID TECHNOLOGY MARKET BY HOME AREA NETWORK ACROSS GEOGRAPHICS 2014-2022 ($ MILLION)

LIST OF FIGURE

  1. APAC SMART GRID MARKET BY DISTRIBUTION MANAGEMENT SYSTEM 2014 -2022 ($ MILLION)
  2. APAC SMART GRID MARKET BY DEMAND RESPONSE MANAGEMENT (DRM) 2014 -2022 ($ MILLION)
  3. APAC SMART GRID MARKET BY METER DATA MANAGEMENT SYSTEM (MDMS) 2014 -2022 ($ MILLION)
  4. APAC SMART GRID MARKET BY SUPERVISORY CONTROL AND DATA ACQUISITION (SCADA) 2014 -2022 ($ MILLION)
  5. APAC SMART GRID TECHNOLOGY MARKET BY SMART METER  2014-2022 ($ MILLION)
  6. APAC SMART GRID TECHNOLOGY MARKET BY OUTAGE MANAGEMENT 2014-2022 ($ MILLION)
  7. APAC SMART GRID MARKET BY DISTRIBUITION GRID 2014 -2022 ($ MILLION)
  8. APAC SMART GRID MARKET BY INSTRUMENTS GRID 2014 -2022 ($ MILLION)
  9. APAC SMART GRID MARKET BY POWER GRID 2014 -2022 ($ MILLION)
  10. APAC SMART GRID MARKET BY SPECIALITY GRID 2014 -2022 ($ MILLION)
  11. APAC SMART GRID MARKET BY APPLICATION VOLTAGE SENSORS 2014 -2022 ($ MILLION)
  12. APAC SMART GRID MARKET BY TRANSFORMER MONITORING SENSORS 2014 -2022 ($ MILLION)
  13. APAC SMART GRID MARKET BY DYNAMIC LINE RATING SENSORS 2014 -2022 ($ MILLION)
  14. APAC SMART GRID MARKET BY HOME AREA NETWORK SENSORS 2014 -2022 ($ MILLION)
  15. APAC SMART GRID TECHNOLOGY MARKET BY WIDE AREA NETWORK 2014-2022 ($ MILLION)
  16. APAC SMART GRID TECHNOLOGY MARKET BY HOME AREA NETWORK 2014-2022 ($ MILLION)
  17. CHINA SMART GRID MARKET 2014 -2022 ($ MILLION)
  18. INDIA SMART GRID MARKET 2014 -2022 ($ MILLION)
  19. KOREA SMART GRID MARKET 2014 -2022 ($ MILLION)
  20. JAPAN SMART GRID MARKET 2014 -2022 ($ MILLION)
  21. AUSTRALIA SMART GRID MARKET 2014 -2022 ($ MILLION)
  22. NEWZEALAND SMART GRID MARKET 2014 -2022 ($ MILLION)
  23. REST OF ASIA PACIFIC SMART GRID MARKET 2014 -2022 ($ MILLION)

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