ASIA-PACIFIC SMART GRID MARKET FORECAST 2021-2028
The Asia-Pacific smart grid market is set to record a CAGR of 10.93% during the forecast period, 2021-2028. The increasing adoption by organizations to manage operational efficiency and the rising need to build energy-efficient and sustainable sources for saving electricity are evaluated to offer market growth opportunities.
ASIA-PACIFIC SMART GRID MARKET FORECAST 2021-2028
Asia Pacific Smart Grid Market by End-user ( Commercial End-user, Industrial End-user, Residential End-user ) Market by Application ( Transmission, Distribution, Consumption/end-use, Generation ) Market by Component ( Solution, Services ) by Geography.
The Asia-Pacific smart grid market is set to record a CAGR of 10.93% during the forecast period, 2021-2028. The increasing adoption by organizations to manage operational efficiency and the rising need to build energy-efficient and sustainable sources for saving electricity are evaluated to offer market growth opportunities.
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The Asia-Pacific smart grid market growth assessment includes the analysis of Indonesia, Japan, Australia & New Zealand, China, South Korea, Singapore, Thailand, India, and Rest of Asia-Pacific. China is considered to be one of the pioneers of smart grid developments, making rapid progress in the last few years. The country has the highest share in smart grid technologies, backed by the government and huge investments into research and development. The State Grid Corporation of China (SGCC) has installed over 400 million smart meters across the nation. Further, the thriving electric vehicle market and vehicle-to-grid technologies are projected to supplement the smart grid market. Also, the SGCC has established the world’s largest EV battery charge service network. Such factors are expected to drive market growth in China.
Energy security is one of the primary concerns of the South Korean government. Several technologies and business models have witnessed fast-paced progress. The country also deploys grid-connected battery energy storage systems (ESS), and front- and behind-the-meter applications. South Korea is evaluated to have a good starting point for the deployment of smart grids. Moreover, it has a very stable power system and high-speed internet, which are available far from urban centers. Such factors are projected to facilitate market growth in South Korea.
Cisco Systems Inc manufactures, designs, and sells internet protocol (IP)-based networking and other products associated with the communications and IT industry. The product portfolio includes Cisco substation automation solution, substation security solution, field area network solution, distribution automation solution, etc. The primary operations of the company are centered in Europe, Asia-Pacific, and the Americas. It is headquartered in San Jose, California, United States.
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- RESEARCH SCOPE & METHODOLOGY
- STUDY OBJECTIVES
- SCOPE OF STUDY
- METHODOLOGY
- ASSUMPTIONS & LIMITATIONS
- EXECUTIVE SUMMARY
- MARKET SIZE & ESTIMATES
- MARKET OVERVIEW
- MARKET DYNAMICS
- MARKET SCOPE
- KEY DRIVERS
- NEED FOR EFFICIENT USE OF ENERGY
- RAPID DIGITIZATION OF ELECTRICITY INFRASTRUCTURE
- SHIFTING TREND TOWARDS RENEWABLE ENERGY USE
- GOVERNMENT REGULATIONS & POLICIES
- STABILITY IN INSTALLATION COSTS
- INVESTMENT IN SMART GRID PROJECTS
- KEY RESTRAINTS
- CHALLENGES IN TERMS OF INTEROPERABILITY & STANDARDIZATION
- SECURITY CONCERNS
- KEY ANALYTICS
- IMPACT OF COVID-19 ON SMART GRID MARKET
- KEY INVESTMENT INSIGHTS
- PORTER’S FIVE FORCES ANALYSIS
- BUYERS POWER
- SUPPLIERS POWER
- SUBSTITUTION
- NEW ENTRANTS
- INDUSTRY RIVALRY
- OPPORTUNITY MATRIX
- VENDOR LANDSCAPE
- MARKET BY END-USER
- COMMERCIAL END-USER
- INDUSTRIAL END-USER
- RESIDENTIAL END-USER
- MARKET BY APPLICATION
- TRANSMISSION
- DISTRIBUTION
- CONSUMPTION/END-USE
- GENERATION
- MARKET BY COMPONENT
- SOLUTION
- SUBSTATION AUTOMATION
- SMART GRID DISTRIBUTION MANAGEMENT
- ADVANCED METERING INFRASTRUCTURE
- SMART GRID NETWORK MANAGEMENT
- SMART GRID SECURITY
- SMART GRID COMMUNICATION
- OTHER SOLUTIONS
- SERVICES
- SOLUTION
- GEOGRAPHICAL ANALYSIS
- ASIA-PACIFIC
- MARKET SIZE & ESTIMATES
- KEY GROWTH ENABLERS
- KEY CHALLENGES
- KEY PLAYERS
- COUNTRY ANALYSIS
- CHINA
- JAPAN
- INDIA
- SOUTH KOREA
- INDONESIA
- THAILAND
- SINGAPORE
- AUSTRALIA & NEW ZEALAND
- REST OF ASIA-PACIFIC
- ASIA-PACIFIC
- COMPETITIVE LANDSCAPE
- KEY STRATEGIC DEVELOPMENTS
- MERGERS & ACQUISITIONS
- PRODUCT LAUNCHES & DEVELOPMENTS
- PARTNERSHIPS & AGREEMENTS
- BUSINESS EXPANSIONS & DIVESTITURES
- COMPANY PROFILES
- ABB LTD
- AMDOCS CORPORATION
- AUTOGRID SYSTEMS INC
- CISCO SYSTEMS INC
- GENERAL ELECTRIC COMPANY
- HONEYWELL INTERNATIONAL
- INTERNATIONAL BUSINESS MACHINES CORPORATION
- ITRON INC
- LANDIS & GYR GROUP AG
- ORACLE CORPORATION
- SCHNEIDER ELECTRIC SE
- SENSUS INC
- SIEMENS AG
- TANTALUS SYSTEM CORP
- WIPRO LIMITED
- KEY STRATEGIC DEVELOPMENTS
LIST OF TABLES
TABLE 1: MARKET SNAPSHOT – SMART GRID
TABLE 2: ASIA-PACIFIC SMART GRID MARKET, BY END-USER, HISTORICAL YEARS, 2016-2020 (IN $ MILLION)
TABLE 3: ASIA-PACIFIC SMART GRID MARKET, BY END-USER, FORECAST YEARS, 2021-2028 (IN $ MILLION)
TABLE 4: ASIA-PACIFIC SMART GRID MARKET, BY APPLICATION, HISTORICAL YEARS, 2016-2020 (IN $ MILLION)
TABLE 5: ASIA-PACIFIC SMART GRID MARKET, BY APPLICATION, FORECAST YEARS, 2021-2028 (IN $ MILLION)
TABLE 6: ASIA-PACIFIC SMART GRID MARKET, BY COMPONENT, HISTORICAL YEARS, 2016-2020 (IN $ MILLION)
TABLE 7: ASIA-PACIFIC SMART GRID MARKET, BY COMPONENT, FORECAST YEARS, 2021-2028 (IN $ MILLION)
TABLE 8: ASIA-PACIFIC SOLUTION MARKET, BY TYPE, HISTORICAL YEARS, 2016-2020 (IN $ MILLION)
TABLE 9: ASIA-PACIFIC SOLUTION MARKET, BY TYPE, FORECAST YEARS, 2021-2028 (IN $ MILLION)
TABLE 10: ASIA-PACIFIC SMART GRID MARKET, BY COUNTRY, HISTORICAL YEARS, 2016-2020 (IN $ MILLION)
TABLE 11: ASIA-PACIFIC SMART GRID MARKET, BY COUNTRY, FORECAST YEARS, 2021-2028 (IN $ MILLION)
TABLE 12: LIST OF MERGERS & ACQUISITIONS
TABLE 13: LIST OF PRODUCT LAUNCHES & DEVELOPMENTS
TABLE 14: LIST OF PARTNERSHIPS & AGREEMENTS
TABLE 15: LIST OF BUSINESS EXPANSIONS & DIVESTITURES
LIST OF FIGURES
FIGURE 1: KEY INVESTMENT INSIGHTS
FIGURE 2: PORTER’S FIVE FORCES ANALYSIS
FIGURE 3: OPPORTUNITY MATRIX
FIGURE 4: VENDOR LANDSCAPE
FIGURE 5: ASIA-PACIFIC SMART GRID MARKET, GROWTH POTENTIAL, BY END-USER, IN 2020
FIGURE 6: ASIA-PACIFIC SMART GRID MARKET, BY COMMERCIAL END-USER, 2021-2028 (IN $ MILLION)
FIGURE 7: ASIA-PACIFIC SMART GRID MARKET, BY INDUSTRIAL END-USER, 2021-2028 (IN $ MILLION)
FIGURE 8: ASIA-PACIFIC SMART GRID MARKET, BY RESIDENTIAL END-USER, 2021-2028 (IN $ MILLION)
FIGURE 9: ASIA-PACIFIC SMART GRID MARKET, GROWTH POTENTIAL, BY APPLICATION, IN 2020
FIGURE 10: ASIA-PACIFIC SMART GRID MARKET, BY TRANSMISSION, 2021-2028 (IN $ MILLION)
FIGURE 11: ASIA-PACIFIC SMART GRID MARKET, BY DISTRIBUTION, 2021-2028 (IN $ MILLION)
FIGURE 12: ASIA-PACIFIC SMART GRID MARKET, BY CONSUMPTION/END-USE, 2021-2028 (IN $ MILLION)
FIGURE 13: ASIA-PACIFIC SMART GRID MARKET, BY GENERATION, 2021-2028 (IN $ MILLION)
FIGURE 14: ASIA-PACIFIC SMART GRID MARKET, GROWTH POTENTIAL, BY COMPONENT, IN 2020
FIGURE 15: ASIA-PACIFIC SMART GRID MARKET, BY SOLUTION, 2021-2028 (IN $ MILLION)
FIGURE 16: ASIA-PACIFIC SMART GRID MARKET, BY SUBSTATION AUTOMATION, 2021-2028 (IN $ MILLION)
FIGURE 17: ASIA-PACIFIC SMART GRID MARKET, BY SMART GRID DISTRIBUTION MANAGEMENT, 2021-2028 (IN $ MILLION)
FIGURE 18: ASIA-PACIFIC SMART GRID MARKET, BY ADVANCED METERING INFRASTRUCTURE, 2021-2028 (IN $ MILLION)
FIGURE 19: ASIA-PACIFIC SMART GRID MARKET, BY SMART GRID NETWORK MANAGEMENT, 2021-2028 (IN $ MILLION)
FIGURE 20: ASIA-PACIFIC SMART GRID MARKET, BY SMART GRID SECURITY, 2021-2028 (IN $ MILLION)
FIGURE 21: ASIA-PACIFIC SMART GRID MARKET, BY SMART GRID COMMUNICATION, 2021-2028 (IN $ MILLION)
FIGURE 22: ASIA-PACIFIC SMART GRID MARKET, BY OTHER SOLUTIONS, 2021-2028 (IN $ MILLION)
FIGURE 23: ASIA-PACIFIC SMART GRID MARKET, BY SERVICES, 2021-2028 (IN $ MILLION)
FIGURE 24: ASIA-PACIFIC SMART GRID MARKET, REGIONAL OUTLOOK, 2020 & 2028 (IN %)
FIGURE 25: CHINA SMART GRID MARKET, 2021-2028 (IN $ MILLION)
FIGURE 26: JAPAN SMART GRID MARKET, 2021-2028 (IN $ MILLION)
FIGURE 27: INDIA SMART GRID MARKET, 2021-2028 (IN $ MILLION)
FIGURE 28: SOUTH KOREA SMART GRID MARKET, 2021-2028 (IN $ MILLION)
FIGURE 29: INDONESIA SMART GRID MARKET, 2021-2028 (IN $ MILLION)
FIGURE 30: THAILAND SMART GRID MARKET, 2021-2028 (IN $ MILLION)
FIGURE 31: VIETNAM SMART GRID MARKET, 2021-2028 (IN $ MILLION)
FIGURE 32: AUSTRALIA & NEW ZEALAND SMART GRID MARKET, 2021-2028 (IN $ MILLION)
FIGURE 33: REST OF ASIA-PACIFIC SMART GRID MARKET, 2021-2028 (IN $ MILLION)
- GEOGRAPHICAL ANALYSIS
- ASIA-PACIFIC
- MARKET SIZE & ESTIMATES
- KEY GROWTH ENABLERS
- KEY CHALLENGES
- KEY PLAYERS
- COUNTRY ANALYSIS
- CHINA
- JAPAN
- INDIA
- SOUTH KOREA
- INDONESIA
- THAILAND
- SINGAPORE
- AUSTRALIA & NEW ZEALAND
- REST OF ASIA-PACIFIC
- ASIA-PACIFIC
- MARKET BY END-USER
- COMMERCIAL END-USER
- INDUSTRIAL END-USER
- RESIDENTIAL END-USER
- MARKET BY APPLICATION
- TRANSMISSION
- DISTRIBUTION
- CONSUMPTION/END-USE
- GENERATION
- MARKET BY COMPONENT
- SOLUTION
- SUBSTATION AUTOMATION
- SMART GRID DISTRIBUTION MANAGEMENT
- ADVANCED METERING INFRASTRUCTURE
- SMART GRID NETWORK MANAGEMENT
- SMART GRID SECURITY
- SMART GRID COMMUNICATION
- OTHER SOLUTIONS
- SERVICES
- SOLUTION
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