Global Smart Grids Infrastructure Market, 2018-2030 - Evolution of Automation Technologies Have Impacted Several Industries; Electric Utilities are not an Exception

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May 02, 2018, 12:00 ET

DUBLIN, May 2, 2018 /PRNewswire/ --

The "Smart Grids Infrastructure Market, 2018-2030" report has been added to ResearchAndMarkets.com's offering.

The Smart Grids Infrastructure Market, 2018 - 2030' report features an extensive study of the current landscape and future outlook of the growing market for smart grids. The focus of this study is on the smart grids infrastructure, equipment, modules / components / systems offered by different players. The field is backed by grants / investments from various government agencies and is characterized by the presence of several well-established companies.

With growing electricity consumption, the peak electricity demand is expected to increase manifold by 2050. It is believed that, owing to their intelligence features, smart grids have the potential to reduce the projected peak demand increases by up to 24% across some of the major regions of the world. This is because sensors in smart grids can detect peak load in advance and divert surplus supply from low demand areas to meet the peak requirements in a particular region. Moreover, with countries having ambitious renewable energy targets, it is important to ensure that a compatible infrastructure is put in place in parallel.

Several geographies across the world have already recognized the need of upgrading to smart grids and have taken initiatives to encourage this transition. The US, for instance, allocated USD 4.5 billion initially towards grid modernization; the investment increased over the years under the American Recovery Reinvestment Act of 2009. In Europe, the European Technology Platform (ETP) SmartGrids was formalized in 2005 to create a vision for the European networks till 2020 and beyond. A recent 2017 report by Joint Research Centre (JRC) included 950 smart grid projects (R&D and demonstration) across Europe; across these, a total of EUR 5 billion has been invested.

Emerging economies are also planning to upgrade existing systems to smart grids. The ambitious renewable energy targets of countries such as China and India are expected to drive the smart grids market in the future. In China, the government announced an investment of USD 96 billion between 2010 and 2020 to accelerate smart grids deployment. Similarly, in India, several pilot stage smart grid projects are underway.

Smart Grids are expected to play a pivotal role in clean energy initiatives. Specifically, smart meters are amongst the most focused infrastructures across several countries. In the US, more than 75 million smart meters had been installed by 2017. In addition, the EU has set a target of replacing at least 80% (~ 245 million) of the conventional electricity meters with smart meters by 2020. In fact, it is reported that Sweden, Finland, Italy and Luxembourg have already reached full deployment. The EU Smart Grids Task Force believes that the planned rollout of smart meters and smart grids has the potential to reduce carbon emissions in the EU by 9%.

One of the key objectives of the study was to understand the primary growth drivers and estimate the future size of the market. We looked at the likely future investments to be made in the key geographies (the US, the EU, China, Japan, South Korea, Australia, Canada, Russia, Singapore, India and UAE). Based on this, we have provided an informed estimate on the likely evolution of the market in the long term, for the period of 2018 - 2030. Considering the uncertainties related to the investments and political influence across the geographies, and to add robustness to our model, we have provided three forecast scenarios, representing the conservative, base and optimistic tracks of the market's evolution.

Key Topics Covered:

1. PREFACE

Scope of the Report
Research Methodology
Chapter Outlines

2. EXECUTIVE SUMMARY

3. INTRODUCTION

Discovery of Electricity: A Historical Timeline
Modern Day Electricity Grids
Smart Grids: A Giant Leap in Infrastructure
Pre-requisites for a Smart Grid

4. SMART GRIDS: REGULATORY STANDARDS AND COMPLIANCE

The International Electrotechnical Commission (IEC)
Regulatory Standards in the US
Regulatory Standards in Europe
Regulatory Standards in China
Regulatory Standards in Japan
Regulatory Standards in India
Regulatory Standards in Australia

5. CURRENT MARKET LANDSCAPE

6. COMPANY PROFILES

ABB
Aclara Technologies
CG Power and Industrial Solutions
Circutor
Eaton
Energy Care
General Electric
Honeywell
Itron
Landis+Gyr
L&T Power
PowerCom
S&C Electric Company
Schneider Electric
Schweitzer Engineering Labs (SEL)
Siemens
Smart Wires
Trilliant Networks
Trispectra Innovation
Wemworld

7. BENCHMARK ANALYSIS

Methodology
Peer Groups

8. MARKET ATTRACTIVENESS ANALYSIS

Market Attractiveness Analysis: Methodology
Market Attractiveness Analysis: Summary
Key Takeaways

9. MARKET FORECAST

Forecast Methodology and Key Assumptions
Overall Smart Grid Infrastructure Market, 2018-2030
Smart Grid Infrastructure Market: Distribution by Type of Equipment
Smart Grid Infrastructure Market: Distribution by Regions

10. GLOBAL SMART GRID INITIATIVES: AN OVERVIEW

Smart Grid Projects in North America
Smart Grids Projects in the EU
Smart Grids Projects in Rest of the World
Key Takeaways

11. CONCLUSION

Evolution of Automation Technologies Have Impacted Several Industries; Electric Utilities are not an Exception
With Growing Focus on Making the Electric Grid Smart, Several Companies, Ranging from Small/Mid-Sized to Large Enterprises, are Providing Innovative Smart Grid Technologies
Several Large Enterprises are Acting as One-Stop Shops for Deployment of Smart Grids
At Present, the US and Europe are Leading the Efforts, Offering a Plethora of Opportunities for Stakeholders
Driven by Investments from Governments Across Many Countries, the Market is Expected to Grow Significantly in the Coming Years
With the Steadily Increasing Load on the Electricity Grids, Smart Grids Will Remain the Go-To Option for Long Term

12. INTERVIEW TRANSCRIPTS

Emmanuel Albert, CEO, Trispectra Innovation
Fulvio Ferrari, Founding Partner, Wemworld
Jenny Erwin, Business Development Manager, Smart Wires

13. APPENDIX 1: TABULATED DATA

14. APPENDIX 2: LIST OF COMPANIES AND ORGANIZATIONS

For more information about this report visit https://www.researchandmarkets.com/research/cwqb9b/global_smart?w=5

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SOURCE Research and Markets