The India smart grid market is evaluated to register a CAGR of 13.86%, during the forecasted period. The country’s market growth is primarily accredited to the initiatives and programs undertaken by the Ministry of Power, the launch of government schemes, and the growing investments in smart grid technology. The base year considered for the studied market is 2020, and the forecast years are from 2021 to 2026.
INDIA SMART GRID MARKET FORECAST 2021-2026
India 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 )
The India smart grid market is evaluated to register a CAGR of 13.86%, during the forecasted period. The country’s market growth is primarily accredited to the initiatives and programs undertaken by the Ministry of Power, the launch of government schemes, and the growing investments in smart grid technology. The base year considered for the studied market is 2020, and the forecast years are from 2021 to 2026.
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The Indian power distribution division has observed multiple initiatives and programs, introduced by the Ministry of Power. They ensure sustainability within DISCOMs, by implementing a safe, adaptive, as well as digitally-enabled grid ecosystem, offering dependable and quality energy.
Smart grids are well-recognized as a major approach, in order to transition towards an enhanced consumer-centric and digital grid, by both policymakers as well as utilities. As a result, the government of India has undertaken several measures and developments to accelerate the country’s smart grid deployment. For instance, the nation witnessed the establishment of the National Smart Grid Mission (NSGM), representing an institutional mechanism for monitoring, planning, and implementing policies and programs associated with smart grid activities.
On the other hand, India also launched government schemes, like Integrated Power Development Scheme (IPDS) and Deen Dayal Upadhyaya Gram Jyoti Yojana (DDUGJY), principally for upgrading the distribution network and automation, using linked or built-in components to the smart grid. Therefore, these factors are anticipated to propel the smart grid market growth in India, over the forecast period.
Wipro Limited, headquartered in India, is an information technology (IT) company, offering a range of software solutions, devices, business process outsourcing (BPO) services and research, IT consulting, and development services. The company’s applications include retail, aerospace and defense, healthcare, banking, construction, engineering, and the public sector. Its business presence extends across the Asia-Pacific, Europe, the Americas, and the Middle East.
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- RESEARCH SCOPE & METHODOLOGY
- STUDY OBJECTIVES
- SCOPE OF STUDY
- METHODOLOGY
- ASSUMPTIONS & LIMITATIONS
- EXECUTIVE SUMMARY
- MARKET SIZE & ESTIMATES
- COUNTRY SNAPSHOT
- COUNTRY ANALYSIS
- KEY GROWTH ENABLERS
- KEY CHALLENGES
- 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 SOLUTION
- SERVICES
- SOLUTION
- COMPETITIVE LANDSCAPE
- KEY STRATEGIC DEVELOPMENTS
- MERGERS & ACQUISITIONS
- PRODUCT LAUNCHES & DEVELOPMENTS
- PARTNERSHIPS & AGREEMENTS
- BINDIAINESS EXPANSIONS
- 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: INDIA SMART GRID MARKET, BY END-USER, HISTORICAL YEARS, 2016-2020 (IN $ MILLION)
TABLE 3: INDIA SMART GRID MARKET, BY END-USER, FORECAST YEARS, 2021-2026 (IN $ MILLION)
TABLE 4: INDIA SMART GRID MARKET, BY APPLICATION, HISTORICAL YEARS, 2016-2020 (IN $ MILLION)
TABLE 5: INDIA SMART GRID MARKET, BY APPLICATION, FORECAST YEARS, 2021-2026 (IN $ MILLION)
TABLE 6: INDIA SMART GRID MARKET, BY COMPONENT, HISTORICAL YEARS, 2016-2020 (IN $ MILLION)
TABLE 7: INDIA SMART GRID MARKET, BY COMPONENT, FORECAST YEARS, 2021-2026 (IN $ MILLION)
TABLE 8: INDIA SOLUTION MARKET, BY TYPE, HISTORICAL YEARS, 2016-2020 (IN $ MILLION)
TABLE 9: INDIA SOLUTION MARKET, BY TYPE, FORECAST YEARS, 2021-2026 (IN $ MILLION)
TABLE 10: LIST OF MERGERS & ACQUISITIONS
TABLE 11: LIST OF PRODUCT LAUNCHES & DEVELOPMENTS
TABLE 12: LIST OF PARTNERSHIPS & AGREEMENTS
TABLE 13: 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: INDIA SMART GRID MARKET, GROWTH POTENTIAL, BY END-USER, IN 2020
FIGURE 6: INDIA SMART GRID MARKET, BY COMMERCIAL END-USER, 2021-2026 (IN $ MILLION)
FIGURE 7: INDIA SMART GRID MARKET, BY INDUSTRIAL END-USER, 2021-2026 (IN $ MILLION)
FIGURE 8: INDIA SMART GRID MARKET, BY RESIDENTIAL END-USER, 2021-2026 (IN $ MILLION)
FIGURE 9: INDIA SMART GRID MARKET, GROWTH POTENTIAL, BY APPLICATION, IN 2020
FIGURE 10: INDIA SMART GRID MARKET, BY TRANSMISSION, 2021-2026 (IN $ MILLION)
FIGURE 11: INDIA SMART GRID MARKET, BY DISTRIBUTION, 2021-2026 (IN $ MILLION)
FIGURE 12: INDIA SMART GRID MARKET, BY CONSUMPTION/END-USE, 2021-2026 (IN $ MILLION)
FIGURE 13: INDIA SMART GRID MARKET, BY GENERATION, 2021-2026 (IN $ MILLION)
FIGURE 14: INDIA SMART GRID MARKET, GROWTH POTENTIAL, BY COMPONENT, IN 2020
FIGURE 15: INDIA SMART GRID MARKET, BY SOLUTION, 2021-2026 (IN $ MILLION)
FIGURE 16: INDIA SMART GRID MARKET, BY SUBSTATION AUTOMATION, 2021-2026 (IN $ MILLION)
FIGURE 17: INDIA SMART GRID MARKET, BY SMART GRID DISTRIBUTION MANAGEMENT, 2021-2026 (IN $ MILLION)
FIGURE 18: INDIA SMART GRID MARKET, BY ADVANCED METERING INFRASTRUCTURE, 2021-2026 (IN $ MILLION)
FIGURE 19: INDIA SMART GRID MARKET, BY SMART GRID NETWORK MANAGEMENT, 2021-2026 (IN $ MILLION)
FIGURE 20: INDIA SMART GRID MARKET, BY SMART GRID SECURITY, 2021-2026 (IN $ MILLION)
FIGURE 21: INDIA SMART GRID MARKET, BY SMART GRID COMMUNICATION, 2021-2026 (IN $ MILLION)
FIGURE 22: INDIA SMART GRID MARKET, BY OTHER SOLUTION, 2021-2026 (IN $ MILLION)
FIGURE 23: INDIA SMART GRID MARKET, BY SERVICES, 2021-2026 (IN $ MILLION)
- 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 SOLUTION
- SERVICES
- SOLUTION
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