Increasing Power Demand makes BRICS Nations a Lucrative Market for Smart Grid Technology, finds TMR
The top three companies – Sensus, Silver Spring Networks, and Siemens - along with the five other key players, Aclara, Schneider Electric, Landis+Gyr, Itron, and Alstom, account for nearly 60% of the global smart grid market, reports Transparency Market Research in a new study. The lack of clear leader in this space is likely to take competition to a new high in the short term, TMR expects. However, capital-intensive investment and limited scope of product differentiation hamper the entry of new players in the smart grid market. “The high growth rate of global smart grid market can be very encouraging for the new entrants, but the various government incentives for the deployment of smart grid can potentially inhibit their entry,” the author of the study states.
Excellent Inherent Operational Efficiency Likely to Boost Deployment of Smart Grids
The three most promising advantages of the smart grid technology are likely to cater the various power related issues across the globe. First, the enhanced operational efficiency helps in resolving the excessive consumption of electricity. Emerging countries such as Brazil, Russia, India, China, and South Africa are anticipated to register a rapid rise in the demand for power. This calls for the development of such end-use appliances and infrastructure that can operate at lower power levels efficiently. Hence, the growing need for efficient devices coupled with increasing demand for power is estimated to bolster the growth of global smart grid market.
Heavy transmission and distribution losses are unaffordable with the increasing population and industrialization across the globe. The smart grid technology minimizes these losses by providing an uninterrupted supply of electricity, thereby eliminating wastage of power units. Moreover, deployment of smart grid can potentially eliminate the cases of electricity theft. Annually, the technology can reduce power transmission and distribution losses between 5% and 10%.
The third advantage of the smart grid is most applicable to countries such as India, where a large population is still not connected to the conventional grid. The deployment of smart grid in such areas can substantially increase the growth rate of global smart grid market.
Download the Smart Grid Industry Fact Sheet by 2019 @ http://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=137
Government Regulations Help Smart Grid Market Grow in North America and Asia Pacific
The key reason for the impressive growth in the two regions is their government policies that facilitate the smart grid business. Incentives for smart grid are expected to increase efficiency in generation and licensee operations, enhance network security, manage electricity infrastructure effectively, improve customer and proactive consumer service level, integrate renewable and decentralized generation into the grid, and enhance network visibility and access.
Transmission Upgrades to Lose Share to Advanced Metering Infrastructure
“Smart grid technology is a step towards better communication infrastructure and advanced automated system,” states TMR analyst. The global revenue of smart grid market was US$ 37.68 bn in 2012 and is anticipated to rise to US$118.12 bn by the end of the year 2019. By technology, the market has been segmented into Advanced Metering Infrastructure (AMI), Distribution Automation (DA), Communication Technologies (CT), Cyber Security (CS), Transmission Upgrades (TU), and Software and Hardware (S&H). Transmission Upgrades, which was at US$27.66 bn in the year of 2015, is expected to rise to US$53.34 bn in terms of revenue by 2019. The segment will maintain its leadership throughout the period, however, the growing popularity of advanced metering infrastructure may result in reduced shares of the former.
In terms of geography, Asia Pacific leads the market and is expected to retain its leadership with 47% share in the global market by the end of 2019. North America stood second in terms of market share and is anticipated to account for 21% share by the end of 2019.
Global Smart Grid Market is segmented as follows:
Smart Grid Market: Technology Analysis
Advanced Metering Infrastructure
Distribution Automation
Software and Hardware
Communication Technologies
Transmission Upgrades
Cyber Security
About Us
Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.
TMR’s data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information. With extensive research and analysis capabilities, Transparency Market Research employs rigorous primary and secondary research techniques to develop distinctive data sets and research material for business reports.
Contact
Transparency Market Research
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453
Email: sales@transparencymarketresearch.com
Website: http://www.transparencymarketresearch.com
Excellent Inherent Operational Efficiency Likely to Boost Deployment of Smart Grids
The three most promising advantages of the smart grid technology are likely to cater the various power related issues across the globe. First, the enhanced operational efficiency helps in resolving the excessive consumption of electricity. Emerging countries such as Brazil, Russia, India, China, and South Africa are anticipated to register a rapid rise in the demand for power. This calls for the development of such end-use appliances and infrastructure that can operate at lower power levels efficiently. Hence, the growing need for efficient devices coupled with increasing demand for power is estimated to bolster the growth of global smart grid market.
Heavy transmission and distribution losses are unaffordable with the increasing population and industrialization across the globe. The smart grid technology minimizes these losses by providing an uninterrupted supply of electricity, thereby eliminating wastage of power units. Moreover, deployment of smart grid can potentially eliminate the cases of electricity theft. Annually, the technology can reduce power transmission and distribution losses between 5% and 10%.
The third advantage of the smart grid is most applicable to countries such as India, where a large population is still not connected to the conventional grid. The deployment of smart grid in such areas can substantially increase the growth rate of global smart grid market.
Download the Smart Grid Industry Fact Sheet by 2019 @ http://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=137
Government Regulations Help Smart Grid Market Grow in North America and Asia Pacific
The key reason for the impressive growth in the two regions is their government policies that facilitate the smart grid business. Incentives for smart grid are expected to increase efficiency in generation and licensee operations, enhance network security, manage electricity infrastructure effectively, improve customer and proactive consumer service level, integrate renewable and decentralized generation into the grid, and enhance network visibility and access.
Transmission Upgrades to Lose Share to Advanced Metering Infrastructure
“Smart grid technology is a step towards better communication infrastructure and advanced automated system,” states TMR analyst. The global revenue of smart grid market was US$ 37.68 bn in 2012 and is anticipated to rise to US$118.12 bn by the end of the year 2019. By technology, the market has been segmented into Advanced Metering Infrastructure (AMI), Distribution Automation (DA), Communication Technologies (CT), Cyber Security (CS), Transmission Upgrades (TU), and Software and Hardware (S&H). Transmission Upgrades, which was at US$27.66 bn in the year of 2015, is expected to rise to US$53.34 bn in terms of revenue by 2019. The segment will maintain its leadership throughout the period, however, the growing popularity of advanced metering infrastructure may result in reduced shares of the former.
In terms of geography, Asia Pacific leads the market and is expected to retain its leadership with 47% share in the global market by the end of 2019. North America stood second in terms of market share and is anticipated to account for 21% share by the end of 2019.
Global Smart Grid Market is segmented as follows:
Smart Grid Market: Technology Analysis
Advanced Metering Infrastructure
Distribution Automation
Software and Hardware
Communication Technologies
Transmission Upgrades
Cyber Security
About Us
Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.
TMR’s data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information. With extensive research and analysis capabilities, Transparency Market Research employs rigorous primary and secondary research techniques to develop distinctive data sets and research material for business reports.
Contact
Transparency Market Research
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453
Email: sales@transparencymarketresearch.com
Website: http://www.transparencymarketresearch.com