Zion Research has published a new report titled “Smart Grid Market: Global Industry Perspective, Comprehensive Analysis, and Forecast, 2014-2020.” According to the report, global smart grid market was valued at approximately USD 40.0 billion in 2014 and is expected to reach around USD 120.0 billion in 2020, growing at a CAGR of slightly above 18% between 2015 and 2020.

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Smart grid is an innovative power distribution technology that facilitates secure, efficient and effective control of the production and distribution of electricity. Electronic control, metering, and monitoring are major aspects of smart grid. A smart grid includes several instruments and appliances that works together to scrutinize the flow of current. Smart grid effectively measure and balance the demand and supply of electricity at the connected device across the remote areas. A smart grid is very beneficial system for electricity distribution that collects, stores and process huge data.

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Loss of electricity during transmission and distribution has been remained major concern in Asia Pacific. Smart grid provides effective and efficient distribution of electricity with minimum loss during the transmission. This is one of the most important driving factors for growth of smart grid. Additionally, change in government policies and regulations in emerging economies are expected to fuel the growth of smart grid industry. Higher reliability, safety and efficiency are also expected to trigger smart grid market across the world. However, high cost of installation is expected to hamper the growth of smart grid industry to some extent.

Advanced metering infrastructure, distribution automation, software and hardware, communication technologies, transmission upgrades and cyber security are the key technologies involved in the global smart grid market. The distribution automation was one of the largest technological segments that account for significant share of the total revenue generated by smart grid industry in 2014. Advanced metering infrastructure was the second largest segment of the smart grid market in 2014. The transmission upgrades is another important technology segment that is projected to experience significant growth in the years to come owing to the efficient and reliable installation and distribution in the remote regions.

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Some of the key players in global smart grid market include Aclara, Alstom, Comverge, eMeter, GridPoint, Inc., Landis+Gyr, Schneider Electric, Schweitzer Engineering Laboratories, Inc. (SEL), Sensus, and Siemens.
The report segments the global smart grid market as:
Smart Grid Market: Technology Segment Analysis
Advanced metering infrastructure
Distribution automation
Software and hardware
Communication technologies
Transmission upgrades
Cyber security
Smart Grid Market: Regional Segment Analysis
North America
U.S.
Europe
Germany
UK
France
Asia Pacific
China
Japan
India
Latin America
Brazil
Middle East and Africa

Table Of Content@

Chapter 1. Preface
1.1. Report description and scope
1.2. Research scope
1.3. Research methodology
1.3.1. Market research process
1.3.2. Market research methodology
Chapter 2. Executive Summary
2.1. Global smart grid market, 2014 - 2020, (USD Billion)
2.2. Smart grid: Market snapshot
Chapter 3. Smart grid Market: Industry Analysis
3.1. Smart grid: Market dynamics
3.2. Market Drivers
3.2.1. Transmission and distribution losses
3.2.2. Government initiatives and regulations
3.2.3. Increasing investments
3.2.4. Advancing technology
3.3. Restraints
3.3.1. High cost of installation
3.3.2. Stringent standards and lack of interoperability
3.4. Opportunity
3.4.1. Pre-payment of electricity
3.5. Porter’s Five Forces Analysis
3.6. Market Attractiveness Analysis
3.6.1. Market attractiveness analysis by technology segment
3.6.2. Market attractiveness analysis by regional segment

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