Market Scenario:

The smart grid networking market isn’t just growing, it is accelerating. Rise in smart grid deployments is one major factor driving the growth of smart grid market. Also, increasing need for better energy management is another major factor responsible for driving the growth of smart grid networking market.

ABB Group, Cisco Systems, Inc., Mitsubishi Electric, Fujitsu, General Electric Company, Huawei Technologies Co. Ltd., Itron, and Schneider Electric are a few major players in the global Smart Grid Networking Market. Increasing deployment of smart grids will create opportunities for traditional energy and open market for new players. Also, the growing demand for process automation and increasing need for remote monitoring of applications is set to drive the growth of the smart grid networking market. Increasing traction of smart grid as a service applications is one major factor responsible for fueling the growth of global smart grid networking market.

The software segment in the smart grid networking market comprises of network performance monitoring management, IP address management, network traffic management, network device management, network configuration management, network security management, and others. The network performance monitoring management sub-segment of the global smart grid networking market is expected to grow at a significant rate during the forecast period. This is owing to the increasing demand for real time monitoring of power consumption and energy management.  Also, the growing trend of adopting smart and enery efficienct management systems is one major factor driving the growth of smart grid networking market.

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North America region holds the largest share of the market across the globe followed by Europe, and Asia Pacific region. The U.S. and Canada are dominating the North American market due to rising technological enhancements and growing adoption of artificial intelligence in the region. Moreover, the region has a well-established infrastructure, which allows faster implementation of advanced technologies. Additionally, the growing adoption of smart grid deployment is another major factor driving the growth of smart grid networking market in the region.

The global smart grid networking market is expected to grow at a CAGR of approximately 10% during the forecast period 2017-2023.

Segments

The global smart grid networking market is segmented by hardware, software and service. Based on hardware, the market is segmented into cables, controllers, routers, smart meter communication modules, switches and others. Based on software, the market is segmented into network performance monitoring management, IP address management, network traffic management, network device management, network configuration management, network security management and others. Based on service, the market is segmented into consulting, network planning, design and integration, network risk and security assessment, network maintenance & support, and others.

Key Players

Some of the prominent players in the global smart grid networking market are ABB Group (Switzerland), Cisco Systems, Inc. (U.S.), Mitsubishi Electric (Japan), Fujitsu (Japan), General Electric Company (U.S.), Huawei Technologies Co. Ltd. (China), Itron (U.S.), Schneider Electric SE (France), Siemens AG (Germany) and Trilliant Holdings, Inc. (U.S.) among others.

Regional Analysis

The global smart grid networking market is studied in Asia Pacific, North America, Europe, and Rest of the World. It has been observed that North America is estimated to account for the largest share of the market, whereas Asia Pacific is projected to grow at the fastest rate during the forecast period. The growth of the market in North America is attributed to technological advancements and increased adoption of smart grid networking applications across various industry verticals.

Intended Audience

Technology Investors
Research/Consultancy firms
Government Bodies
Smart Grid Manufacturers
Smart Grid Network Providers
Information Technology (IT) developers
Consulting service providers
Technology Providers
System integrators
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TABLE OF CONTENTS

LIST OF FIGURES

FIGURE 1 Global Smart Grid Networking Market Segmentation

FIGURE 2 Forecast Methodology

FIGURE 3 Five Forces Analysis Of Global Smart Grid Networking Market

FIGURE 4 Value Chain Of Global Smart Grid Networking Market

FIGURE 5 Share Of Global Smart Grid Networking Market In 2017, By Country (In %)

FIGURE 6 Global Smart Grid Networking Market, 2017-2023,

FIGURE 7 Sub Segments Of Hardware

FIGURE 8 Global Smart Grid Networking Market Size By Hardware, 2017

FIGURE 9 Share Of Global Smart Grid Networking Market By Hardware, 2017 TO 2023

FIGURE 10 Global Smart Grid Networking Market Size By Software, 2017

FIGURE 11 Share Of Global Smart Grid Networking Market By Software, 2017 TO 2023

FIGURE 12 Global Smart Grid Networking Market Size By Service, 2017 TO 2023

FIGURE 13 Share Of Global Smart Grid Networking Market By Service, 2017 TO 2023

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