According to a market report by Lucintel, the future of the smart grid networking market looks promising with opportunities in the industrial and commercial markets. The smart grid networking market is expected to grow with a CAGR of 25% from 2019 to 2024. The major drivers for this market are growing peak hours demand for electricity, increasing share of renewable energy in electricity, limitations in capacity expansion, and increasing environmental concerns.
In this market, advanced metering infrastructure (AMI), distribution management system, network management system, and grid asset management are the major technology types.
Within the smart grid networking market, industrial and commercial are the major end use industries. Consulting, network planning, design and integration, network risk and security assessment, and network maintenance and support are the major service types of the global smart grid networking market. APAC will remain the largest market over the forecast period due to rapid urbanization and industrialization.
ABB, CISCO, Mitsubishi Electric, Fujitsu, General Electric, Huawei, Itron, Schneider Electric, Siemens AG, and Silver Spring Networks are among the major players of smart grid networking.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the smart grid networking market by end use industry, service, technology, and region. Lucintel has prepared a comprehensive research report entitled "Smart Grid networking Market 2019-2024: Trends, Forecast, and Opportunity Analysis". This Lucintel report serves as a catalyst for growth strategy as it provides comprehensive data and analysis on trends, key drivers, and directions. The study includes a forecast for the smart grid networking market by end use industry, service, technology, and region as follows:

By Technology Type [$M shipment analysis for 2013 – 2024]:
• Distribution Management System
• Network Management System
• Advanced Metering Infrastructure
• Grid Assets Management
• Others
By End Use Industry [$M shipment analysis for 2013 – 2024]:
• Industrial
• Commercial

By Services [$M shipment analysis for 2013 – 2024]:
• Consulting
• Network Planning
• Design And Integration
• Network Risk And Security Assessment
• Network Maintenance And Support

By Region [$M shipment analysis for 2013 – 2024]:
• North America
– United States
– Canada
– Mexico
• Europe
– UK
– Germany
– Italy
• Asia Pacific
– China
– Japan
– India
• Rest of the World

A more than 150 pages research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or visit us at [email protected].
About Lucintel
Lucintel, the premier global management consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, growth consulting, M&A, and due diligence services to executives and key decision makers in a variety of industries. For further information, visit www.lucintel.com.

This report answers following 11 key questions:
Q.1 What are some of the most promising potential, high-growth opportunities for the smart grid market by end use industry (industrial and commercial), technology type (distribution management system, network management system, advanced metering infrastructure, grid assets management, grid security, others), service (consulting, network planning, design and integration, network risk and security assessment, network maintenance and support), and region (North America, Europe, APAC , and ROW)?
Q.2 Which segments will grow at a faster pace and why?
Q.3 Which regions will grow at a faster pace and why?
Q.4 What are the key factors affecting market dynamics? What are the drivers and challenges of the smart grid networking market?
Q.5 What are the business risks and threats to the smart grid networking market?
Q.6 What are the emerging trends in this smart grid networking market and the reasons behind them?
Q.7 What are of the changing demands of customers in the smart grid networking market?
Q.8 What are the new developments in the smart grid networking market? Which companies are leading these developments?
Q.9 Who are the major players in this smart grid networking market? What strategic initiatives are being implemented by key players for business growth?
Q.10 What are some of the competitive products and processes in this smart grid networking area and how big of a threat do they pose for loss of market share via material or product substitution?
Q.11 What M&A activities have taken place in the last 5 years in this smart grid networking market?