The global Smart Grid market is mainly driven by the modernization of aging grid infrastructure and increasing awareness about carbon footprint management. Smart grids are in high demand due to an increasing need for power and support regulations by governments across regions. This key factor remarkably boosts the growth of the Smart Grid market. Additionally, higher transmission and distribution losses are other curial factors contributing to the growth of the market. As well, increasing demand for quality, secure, and reliable power supply is expected to enlarge the growth of the market in near future. In addition to this, high demand for smart grids from growing economies and a rise in ICT spending will also support the expansion of the Smart Grid market in the coming years.
Smart Grid Market Segment Overview
Based on software, the smart grid distribution management segment is projected to grow at the highest rate during the forecast period. It is commonly known as Advanced Distribution Management (ADM), a software platform that integrates Supervisory Control and Data Acquisition (SCADA), Energy Management System (EMS), Distribution Management System (DMS), Demand Response (DR) management, and Distributed Energy Resource Management (DERM) for energy distribution management and optimization on a real-time basis.
According to Services, the Deployment and Integration segment holds the largest share of the market. Deployment and integration services in the energy sector help in streamlining business applications by suitable installation and integration of various modules of utility smart grid operations. In addition, these services help to overcome several business challenges, creating large growth opportunities, and accelerating technological innovations. Therefore, enterprises choose these services to make the entire deployment and integration process smooth and reduce costs and inefficiencies.
Smart Grid Market, By Software
· Advanced Metering Infrastructure
· Smart Grid Distribution Management
· Smart Grid Network Management
· Grid Asset Management
· Substation Automation
· Smart Grid Security
· Billing and Customer Information System
Smart Grid Market, By Hardware
· Smart Meter
Smart Grid Market, By Services
· Consulting
· Deployment and Integration
· Support and Maintenance
Smart Grid Regional Overview
In terms of region, Asia Pacific is expected to witness significant growth in the forecast period. The increasing need to reduce carbon emissions from developed countries in the region and the increasing consumption of electricity in China, South Korea, Australia, New Zealand, India, and Singapore will drive the smart grid market. Similarly, the need to reduce transmission and distribution losses in developing countries across APAC will further boost the growth of the market. In addition to this, China has the highest share of the smart grid market in the Asia Pacific. As well, Japan and India are other countries making progress in the smart grid market. Likewise, North America is deemed to be the key contributor towards the growth of the market. The U.S. is projected to be the most significant contributor to the North American smart grid market.
Smart Grid Market, By Geography
· North America (US & Canada)
· Europe (UK, Germany, France, Italy, Spain, Russia & Rest of Europe)
· Asia-Pacific (Japan, China, India, Australia, & South Korea, & Rest of Asia-Pacific)
· LAMEA (Brazil, Saudi Arabia, UAE & Rest of LAMEA)
Smart Grid Market, Key Players
· Bimeda Animal Health
· Bayer AG.
· Boehringer Ingelheim GmbH
· Merck & Co., Inc.
· Ceva Santé Animale
· Merial (Sanofi)
· Zoetis, Inc.
· Vetoquinol
· Elanco (Eli Lilly and Company)
1. Introduction
- 1.1. Research Scope
- 1.2. Market Segmentation
- 1.3. Research Methodology
- 1.4. Definitions and Assumptions
2. Executive Summary
3. Market Dynamics
- 3.1. Market Drivers
- 3.2. Market Restraints
- 3.3. Market Opportunities
4. Key Insights
- 4.1. Key Emerging Trends – For Major Countries
- 4.2. Latest Technological Advancement
- 4.3. Regulatory Landscape
- 4.4. Industry SWOT Analysis
- 4.5. Porters Five Forces Analysis
5. Global Smart Grid Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 5.1. Key Findings / Summary
- 5.2. Market Analysis, Insights and Forecast – By Software
- 5.2.1. X-ray
- 5.2.2. Ultrasound
- 5.2.3. Magnetic Resonance Imaging (MRI)
- 5.2.4. Computed Tomography (CT)
- 5.2.5. Nuclear Imaging
- 5.3. Market Analysis, Insights and Forecast – By Hardware
- 5.3.1. Smart Meter
- 5.4. Market Analysis, Insights and Forecast – By Services
- 5.4.1. Consulting
- 5.4.2. Deployment and Integration
- 5.4.3. Support and Maintenance
- 5.5. Market Analysis, Insights and Forecast – By Region
- 5.5.1. North America
- 5.5.2. Europe
- 5.5.3. Asia Pacific
- 5.5.4. Latin America, Middle East and Africa
6. North America Smart Grid Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 6.1. Key Findings / Summary
- 6.2. Market Analysis, Insights and Forecast – By Software
- 6.2.1. Advanced Metering Infrastructure
- 6.2.2. Smart Grid Distribution Management
- 6.2.3. Smart Grid Network Management
- 6.2.4. Grid Asset Management
- 6.2.5. Substation Automation
- 6.2.6. Smart Grid Security
- 6.2.7. Billing and Customer Information System
- 6.3. Market Analysis, Insights and Forecast – By Hardware
- 6.3.1. Smart Meter
- 6.4. Market Analysis, Insights and Forecast – By Services
- 6.4.1. Consulting
- 6.4.2. Deployment and Integration
- 6.4.3. Support and Maintenance
- 6.5. Market Analysis, Insights and Forecast – By Country
- 6.5.1. U.S.
- 6.5.2. Canada
7. Europe Smart Grid Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 7.1. Key Findings / Summary
- 7.2. Market Analysis, Insights and Forecast – By Software
- 7.2.1. Advanced Metering Infrastructure
- 7.2.2. Smart Grid Distribution Management
- 7.2.3. Smart Grid Network Management
- 7.2.4. Grid Asset Management
- 7.2.5. Substation Automation
- 7.2.6. Smart Grid Security
- 7.2.7. Billing and Customer Information System
- 7.3. Market Analysis, Insights and Forecast – By Hardware
- 7.3.1. Smart Meter
- 7.4. Market Analysis, Insights and Forecast – By Services
- 7.4.1. Consulting
- 7.4.2. Deployment and Integration
- 7.4.3. Support and Maintenance
- 7.5. Market Analysis, Insights and Forecast – By Country
- 7.5.1. UK
- 7.5.2. Germany
- 7.5.3. France
- 7.5.4. Italy
- 7.5.5. Spain
- 7.5.6. Russia
- 7.5.7. Rest of Europe
8. Asia Pacific Smart Grid Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 8.1. Key Findings / Summary
- 8.2. Market Analysis, Insights and Forecast – By Software
- 8.2.1. Advanced Metering Infrastructure
- 8.2.2. Smart Grid Distribution Management
- 8.2.3. Smart Grid Network Management
- 8.2.4. Grid Asset Management
- 8.2.5. Substation Automation
- 8.2.6. Smart Grid Security
- 8.2.7. Billing and Customer Information System
- 8.3. Market Analysis, Insights and Forecast – By Hardware
- 8.3.1. Smart Meter
- 8.4. Market Analysis, Insights and Forecast – By Services
- 8.4.1. Consulting
- 8.4.2. Deployment and Integration
- 8.4.3. Support and Maintenance
- 8.5. Market Analysis, Insights and Forecast – By Country
- 8.5.1. China
- 8.5.2. India
- 8.5.3. Japan
- 8.5.4. Australia
- 8.5.5. South East Asia
- 8.5.6. Rest of Asia Pacific
9. Latin America, Middle East and Africa Smart Grid Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 9.1. Key Findings / Summary
- 9.2. Market Analysis, Insights and Forecast – By Software
- 9.2.1. Advanced Metering Infrastructure
- 9.2.2. Smart Grid Distribution Management
- 9.2.3. Smart Grid Network Management
- 9.2.4. Grid Asset Management
- 9.2.5. Substation Automation
- 9.2.6. Smart Grid Security
- 9.2.7. Billing and Customer Information System
- 9.3. Market Analysis, Insights and Forecast – By Hardware
- 9.3.1. Smart Meter
- 9.4. Market Analysis, Insights and Forecast – By Services
- 9.4.1. Consulting
- 9.4.2. Deployment and Integration
- 9.4.3. Support and Maintenance
- 9.5. Market Analysis, Insights and Forecast – By Country
- 9.5.1. Brazil
- 9.5.2. Saudi Arabia
- 9.5.3. UAE
- 9.5.4. Rest of LAMEA
10. Competitive Analysis
- 10.1. Company Market Share Analysis, 2018
- 10.2. Key Industry Developments
- 10.3. Company Profile
- 10.4. Bimeda Animal Health
- 10.4.1. Business Overview
- 10.4.2. Segment 1 & Service Offering
- 10.4.3. Overall Revenue
- 10.4.4. Geographic Presence
- 10.4.5. Recent Development
- 10.5. Bayer AG.
- 10.6. Boehringer Ingelheim GmbH
- 10.7. Merck & Co., Inc.
- 10.8. Ceva Santé Animale
- 10.9. Merial (Sanofi)
- 10.10. Zoetis, Inc.
- 10.11. Vetoquinol
Data Library Research are conducted by industry experts who offer insight on industry structure, market segmentations technology assessment and competitive landscape (CL), and penetration, as well as on emerging trends. Their analysis is based on primary interviews (~ 80%) and secondary research (~ 20%) as well as years of professional expertise in their respective industries. Adding to this, by analysing historical trends and current market positions, our analysts predict where the market will be headed for the next five years. Furthermore, the varying trends of segment & categories geographically presented are also studied and the estimated based on the primary & secondary research.
In this particular report from the supply side Data Library Research has conducted primary surveys (interviews) with the key level executives (VP, CEO’s, Marketing Director, Business Development Manager and SOFT) of the companies that active & prominent as well as the midsized organization
FIGURE 1: DLR RESEARH PROCESS
Extensive primary research was conducted to gain a deeper insight of the market and industry performance. The analysis is based on both primary and secondary research as well as years of professional expertise in the respective industries.
In addition to analysing current and historical trends, our analysts predict where the market is headed over the next five years.
It varies by segment for these categories geographically presented in the list of market tables. Speaking about this particular report we have conducted primary surveys (interviews) with the key level executives (VP, CEO’s, Marketing Director, Business Development Manager and many more) of the major players active in the market.
Secondary ResearchSecondary research was mainly used to collect and identify information useful for the extensive, technical, market-oriented, and Friend’s study of the Global Extra Neutral Alcohol. It was also used to obtain key information about major players, market classification and segmentation according to the industry trends, geographical markets, and developments related to the market and technology perspectives. For this study, analysts have gathered information from various credible sources, such as annual reports, sec filings, journals, white papers, SOFT presentations, and company web sites.
Market Size EstimationBoth, top-down and bottom-up approaches were used to estimate and validate the size of the Global market and to estimate the size of various other dependent submarkets in the overall Extra Neutral Alcohol. The key players in the market were identified through secondary research and their market contributions in the respective geographies were determined through primary and secondary research.
Forecast Model
