Smart Energy Market by Product (Smart grid, Digital Oilfield, Smart Solar, and Home energy management system), End-User Industry (Residential, Industrial, and Commercial): Global Opportunity Analysis and Industry Forecast, 2020–2027
- ALL4209174
- 210 Pages
- January 2021
- Energy and Power
Smart energy is a sustainable energy solution that is integration of different energy infrastructure. It has the flexibility to serve large number of end users without fail. Smart energy utilizes distributed generation, which gives the capability to reduce electricity cost, improve reliability, and decrease emission rates. Furthermore, the real time pricing of smart energy system allow consumers to vary their demand and usage in response to such prices and manage their energy costs.
Growing emphasis on the application of sustainable energy resources such as solar and wind, coupled with installation of mandatory smart meters will drive the market growth. For instance, Government of India is planning to replace 250 million conventional meters into smart meters by 2022. In addition, shifting trend toward efficient energy technologies and implementation of IOT (internet of things) will further drive the demand for smart grids. Advanced metering infrastructure technology is expected to gain traction during the forecast timeframe, owing to increase in expenditure on infrastructure development. Advanced metering technology has large importance in improving system efficiency and reliability. In addition, smart metering gives the customer organized data regarding their electricity consumption. This information reaches the consumer at regular intervals as programmed and is also accurate and error free, unlike the data obtained through manual meter reading. However, smart energy requires high initial investment, which is a big problem during the initial phase. Moreover, the system requires integration of large number of systems, including work management systems, mobile workforce management, and distribution automation systems.
Nonetheless, favorable government policies including net metering tariffs and time-of-use pricing; interconnection and technology standards; subsidies, targets and goals; customer privacy protection laws will create further opportunities in the market.
The global smart energy market is segmented on the basis of product, end-user industry, and region. On the basis of product, it is divided into smart grid, digital oilfield, and smart solar, and home energy management system. Based on end-user industry, it is categorized into residential, industrial, and commercial. Region-wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
Major players have adopted product launch, collaboration, and acquisition to sustain the intense market competition. Some of the key players profiled in the report include General Electric, Itron, Honeywell International, Siemens, ABB Group, and Larsen & Toubro.
COVID-19 scenario analysis
• The smart energy market has been severely impacted by the outbreak of COVID-19 across the globe. The market witnessed large fall in demand from the manufacturing and production centers, owing to large number of shutdown in industrial sector.
• As the demand from end user gradually decreased, the wholesale electricity price also decreased.
• But, shifting trend toward work from home norms and growing energy demand from residential sectors will foster the market growth.
• Nonetheless, social distancing norms and lockdown measures across the globe led to supply chain disruption in the smart energy market.
• Social distancing norms affected the availability of equipment and spare parts; thus, negatively impacting the maintenance and infrastructure development activities.
• In the post COVID period, industry players will focus to re-asses their supply chain and consider whether sourcing from domestic players closer to operational site may improve the supply chain.
Key benefits for stakeholders
• The global smart energy market analysis covers in-depth information of major industry participants.
• Porter’s five forces analysis helps analyze the potential of buyers & suppliers and the competitive scenario of the industry for strategy building.
• Major countries have been mapped according to their individual revenue contribution to the regional market.
• The report provides in-depth analysis of the global smart energy market forecast for the period 2020–2027.
• The report outlines the current global smart energy market trends and future estimations of the market from 2019 to 2027 to understand the prevailing opportunities and potential investment pockets.
• The key drivers, restraints, & market opportunity and their detailed impact analysis are explained in the study.
Key market segments
• By Product
• Smart grid
• Digital Oilfield
• Smart Solar
• Home energy management system
• By End-User Industry
• Residential
• Industrial
• Commercial
• By Region
• North America
o U.S.
o Canada
o Mexico
• Europe
o UK
o Germany
o France
o Spain
o Rest of Europe
• Asia-Pacific
o China
o Japan
o India
o South Korea
o Australia
o Rest of Asia-Pacific
• LAMEA
o Brazil
o Saudi Arabia
o South Africa
o Rest of LAMEA
1.1.Report description
1.2.Key benefits for stakeholders
1.3.Key market segments
1.4.Research methodology
1.4.1.Primary research
1.4.2.Secondary research
1.4.3.Analyst tools and models
CHAPTER 2:EXECUTIVE SUMMARY
2.1.Key findings of the study
2.2.CXO perspective
CHAPTER 3:MARKET LANDSCAPE
3.1.Market definition and scope
3.2.Key findings
3.2.1.Top investment pockets
3.2.2.Top winning strategies
3.3.Porter's five forces analysis
3.4.Market share analysis & Top player positioning, 2019
3.4.1.Top player positioning, 2019
3.5.Market dynamics
3.5.1.Drivers
3.5.1.1.Robust investment in smart grid technologies
3.5.1.2.Shift towards efficient energy technologies
3.5.1.3.Advanced metering infrastructure
3.5.2.Restraint
3.5.2.1.High capital investment and integration of complex technologies
3.5.3.Opportunity
3.5.3.1.Favorable government policies
3.6.Impact of Covid-19 Outburst on Smart Energy Market
CHAPTER 4:SMART ENERGY MARKET, BY PRODUCT
4.1.Overview
4.1.1.Market size and forecast
4.2.Smart Grid
4.2.1.Key market trends, growth factors, and opportunities
4.2.2.Market size and forecast, by region
4.3.Digital oilfield
4.3.1.Key market trends, growth factors, and opportunities
4.3.2.Market size and forecast, by region
4.4.Smart Solar
4.4.1.Key market trends, growth factors, and opportunities
4.4.2.Market size and forecast, by region
4.5.Home energy management system
4.5.1.Key market trends, growth factors, and opportunities
4.5.2.Market size and forecast, by region
CHAPTER 5:SMART ENERGY MARKET, BY END-USER INDUSTRY
5.1.Overview
5.1.1.Market size and forecast
5.2.Residential
5.2.1.Key market trends, growth factors, and opportunities
5.2.2.Market size and forecast, by region
5.3.Industrial
5.3.1.Key market trends, growth factors, and opportunities
5.3.2.Market size and forecast, by region
5.4.Commercial
5.4.1.Key market trends, growth factors, and opportunities
5.4.2.Market size and forecast, by region
CHAPTER 6:SMART ENERGY MARKET, BY REGION
6.1.Overview
6.1.1.Market size and forecast
6.2.North America
6.2.1.Key market trends, growth factors, and opportunities
6.2.2.Market size and forecast, by PRODUCT
6.2.3.Market size and forecast, by End-User Industry
6.2.4.Market share analysis, by country
6.2.4.1.U.S.
6.2.4.1.1.Market size and forecast, by PRODUCT
6.2.4.1.2.Market size and forecast, by End-User Industry
6.2.4.2.Canada
6.2.4.2.1.Market size and forecast, by PRODUCT
6.2.4.2.2.Market size and forecast, by End-User Industry
6.2.4.3.Mexico
6.2.4.3.1.Market size and forecast, by PRODUCT
6.2.4.3.2.Market size and forecast, by End-User Industry
6.3.Europe
6.3.1.Key market trends, growth factors, and opportunities
6.3.2.Market size and forecast, by PRODUCT
6.3.3.Market size and forecast, by End-User Industry
6.3.4.Market share analysis, by country
6.3.4.1.Germany
6.3.4.1.1.Market size and forecast, by PRODUCT
6.3.4.1.2.Market size and forecast, by End-User Industry
6.3.4.2.UK
6.3.4.2.1.Market size and forecast, by PRODUCT
6.3.4.2.2.Market size and forecast, by End-User Industry
6.3.4.3.France
6.3.4.3.1.Market size and forecast, by PRODUCT
6.3.4.3.2.Market size and forecast, by End-User Industry
6.3.4.4.Spain
6.3.4.4.1.Market size and forecast, by PRODUCT
6.3.4.4.2.Market size and forecast, by End-User Industry
6.3.4.5.Rest of Europe
6.3.4.5.1.Market size and forecast, by PRODUCT
6.3.4.5.2.Market size and forecast, by End-User Industry
6.4.Asia-Pacific
6.4.1.Key market trends, growth factors, and opportunities
6.4.2.Market size and forecast, by PRODUCT
6.4.3.Market size and forecast, by End-User Industry
6.4.4.Market share analysis, by country
6.4.4.1.China
6.4.4.1.1.Market size and forecast, by PRODUCT
6.4.4.1.2.Market size and forecast, by End-User Industry
6.4.4.2.Japan
6.4.4.2.1.Market size and forecast, by PRODUCT
6.4.4.2.2.Market size and forecast, by End-User Industry
6.4.4.3.India
6.4.4.3.1.Market size and forecast, by PRODUCT
6.4.4.3.2.Market size and forecast, by End-User Industry
6.4.4.4.South Korea
6.4.4.4.1.Market size and forecast, by PRODUCT
6.4.4.4.2.Market size and forecast, by End-User Industry
6.4.4.5.Australia
6.4.4.5.1.Market size and forecast, by PRODUCT
6.4.4.5.2.Market size and forecast, by End-User Industry
6.4.4.6.Rest of Asia-Pacific
6.4.4.6.1.Market size and forecast, by PRODUCT
6.4.4.6.2.Market size and forecast, by End-User Industry
6.5.LAMEA
6.5.1.Key market trends, growth factors, and opportunities
6.5.2.Market size and forecast, by PRODUCT
6.5.3.Market size and forecast, by End-User Industry
6.5.4.Market share analysis, by country
6.5.4.1.Brazil
6.5.4.1.1.Market size and forecast, by PRODUCT
6.5.4.1.2.Market size and forecast, by End-User Industry
6.5.4.2.Saudi Arabia
6.5.4.2.1.Market size and forecast, by PRODUCT
6.5.4.2.2.Market size and forecast, by End-User Industry
6.5.4.3.South Africa
6.5.4.3.1.Market size and forecast, by PRODUCT
6.5.4.3.2.Market size and forecast, by End-User Industry
6.5.4.4.Rest of LAMEA
6.5.4.4.1.Market size and forecast, by PRODUCT
6.5.4.4.2.Market size and forecast, by End-User Industry
CHAPTER 7:COMPETITIVE LANDSCAPE
7.1.Introduction
7.2.Product mapping of top 10 players
7.3.Competitive Heatmap
7.4.Key development
7.4.1.Agreement
7.4.2.Product Launch
CHAPTER 8:COMPANY PROFILES
8.1.General Electric Company
8.1.1.Company overview
8.1.2.Company snapshot
8.1.3.Operating business segments
8.1.4.Product Portfolio
8.1.5.Business performance
8.1.6.Key strategic moves and developments
8.2.SIEMENS AG
8.2.1.Company overview
8.2.2.Company snapshot
8.2.3.Operating business segments
8.2.4.Product portfolio
8.2.5.Business performance
8.2.6.Key strategic moves and developments
8.3.ABB Ltd.
8.3.1.Company overview
8.3.2.Company Snapshot
8.3.3.Operating business segments
8.3.4.Product portfolio
8.3.5.Business performance
8.3.6.Key strategic moves and developments
8.4.HONEYWELL INTERNATIONAL INC.
8.4.1.Company overview
8.4.2.Company snapshot
8.4.3.Operating business segments
8.4.4.Product portfolio
8.4.5.Business performance
8.4.6.Key strategic moves and developments
8.5.ITRON
8.5.1.Company overview
8.5.2.Company snapshot
8.5.3.Operating business segments
8.5.4.Product Portfolio
8.7.Sensus
8.7.1.Company overview
8.7.2.Company snapshot
8.7.3.Operating business segments
8.7.4.Product Portfolio
8.8.S&T Smart Energy
8.8.1.Company overview
8.8.2.Company snapshot
8.8.3.Operating business segments
8.8.4.Product Portfolio
8.9.Landis + Gyr
8.9.1.Company overview
8.9.2.Company snapshot
8.9.3.Operating business segments
8.9.4.Product Portfolio
8.9.5.Business performance
8.10.Schneider Electric
8.10.1.Company overview
8.10.2.Company snapshot
8.10.3.Operating business segments
8.10.4.Product portfolio
8.10.5.Business performance
TABLE 01.SMART ENERGY MARKET, BY PRODUCT, 2019–2027 ($MILLION)
TABLE 02.SMART ENERGY MARKET FOR SMART GRID, BY REGION, 2019–2027 ($MILLION)
TABLE 03.SMART ENERGY MARKET FOR DIGITAL OILFIELD, BY REGION, 2019–2027 ($MILLION)
TABLE 04.SMART ENERGY MARKET FOR SMART SOLAR, BY REGION, 2019–2027 ($MILLION)
TABLE 05.SMART ENERGY MARKET FOR HOME ENERGY MANAGEMENT SYSTEM, BY REGION, 2019–2027 ($MILLION)
TABLE 06.SMART ENERGY MARKET, BY END-USER INDUSTRY, 2019–2027 ($MILLION)
TABLE 07.SMART ENERGY MARKET FOR RESIDENTIAL END-USER INDUSTRY, BY REGION, 2019–2027 ($MILLION)
TABLE 08.SMART ENERGY MARKET FOR INDUSTRIAL END-USER INDUSTRY, BY REGION, 2019–2027 ($MILLION)
TABLE 09.SMART ENERGY MARKET FOR COMMERCIAL END-USER INDUSTRY, BY REGION, 2019–2027 ($MILLION)
TABLE 10.SMART ENERGY MARKET, BY REGION, 2020-2027 ($MILLION)
TABLE 11.NORTH AMERICA SMART ENERGY MARKET, BY PRODUCT, 2019–2027 ($MILLION)
TABLE 12.NORTH AMERICA SMART ENERGY MARKET, BY END-USER INDUSTRY, 2019–2027 ($MILLION)
TABLE 13.NORTH AMERICA SMART ENERGY MARKET, BY COUNTRY, 2019–2027 ($MILLION)
TABLE 14.U.S. SMART ENERGY MARKET, BY PRODUCT, 2019–2027 ($MILLION)
TABLE 15.U.S. SMART ENERGY MARKET, BY END-USER INDUSTRY, 2019–2027 ($MILLION)
TABLE 16.CANADA SMART ENERGY MARKET, BY PRODUCT, 2019–2027 ($MILLION)
TABLE 17.CANADA SMART ENERGY MARKET, BY END-USER INDUSTRY, 2019–2027 ($MILLION)
TABLE 18.MEXICO SMART ENERGY MARKET, BY PRODUCT, 2019–2027 ($MILLION)
TABLE 19.MEXICO SMART ENERGY MARKET, BY END-USER INDUSTRY, 2019–2027 ($MILLION)
TABLE 20.EUROPE SMART ENERGY MARKET, BY PRODUCT, 2019–2027 ($MILLION)
TABLE 21.EUROPE SMART ENERGY MARKET, BY END-USER INDUSTRY, 2019–2027 ($MILLION)
TABLE 22.EUROPE SMART ENERGY MARKET, BY COUNTRY, 2019–2027 ($MILLION)
TABLE 23.GERMANY SMART ENERGY MARKET, BY PRODUCT, 2019–2027 ($MILLION)
TABLE 24.GERMANY SMART ENERGY MARKET, BY END-USER INDUSTRY, 2019–2027 ($MILLION)
TABLE 25.UK SMART ENERGY MARKET, BY PRODUCT, 2019–2027 ($MILLION)
TABLE 26.UK SMART ENERGY MARKET, BY END-USER INDUSTRY, 2019–2027 ($MILLION)
TABLE 27.FRANCE SMART ENERGY MARKET, BY PRODUCT, 2019–2027 ($MILLION)
TABLE 28.FRANCE SMART ENERGY MARKET, BY END-USER INDUSTRY, 2019–2027 ($MILLION)
TABLE 29.SPAIN SMART ENERGY MARKET, BY PRODUCT, 2019–2027 ($MILLION)
TABLE 30.SPAIN SMART ENERGY MARKET, BY END-USER INDUSTRY, 2019–2027 ($MILLION)
TABLE 31.REST OF EUROPE SMART ENERGY MARKET, BY PRODUCT, 2019–2027 ($MILLION)
TABLE 32.REST OF EUROPE SMART ENERGY MARKET, BY END-USER INDUSTRY, 2019–2027 ($MILLION)
TABLE 33.ASIA-PACIFIC SMART ENERGY MARKET, BY PRODUCT, 2019–2027 ($MILLION)
TABLE 34.ASIA-PACIFIC SMART ENERGY MARKET, BY END-USER INDUSTRY, 2019–2027 ($MILLION)
TABLE 35.ASIA-PACIFIC SMART ENERGY MARKET, BY COUNTRY, 2019–2027 ($MILLION)
TABLE 36.CHINA SMART ENERGY MARKET, BY PRODUCT, 2019–2027 ($MILLION)
TABLE 37.CHINA SMART ENERGY MARKET, BY END-USER INDUSTRY, 2019–2027 ($MILLION)
TABLE 38.JAPAN SMART ENERGY MARKET, BY PRODUCT, 2019–2027 ($MILLION)
TABLE 39.JAPAN SMART ENERGY MARKET, BY END-USER INDUSTRY, 2019–2027 ($MILLION)
TABLE 40.INDIA SMART ENERGY MARKET, BY PRODUCT, 2019–2027 ($MILLION)
TABLE 41.INDIA SMART ENERGY MARKET, BY END-USER INDUSTRY, 2019–2027 ($MILLION)
TABLE 42.SOUTH KOREA SMART ENERGY MARKET, BY PRODUCT, 2019–2027 ($MILLION)
TABLE 43.SOUTH KOREA SMART ENERGY MARKET, BY END-USER INDUSTRY, 2019–2027 ($MILLION)
TABLE 44.AUSTRALIA SMART ENERGY MARKET, BY PRODUCT, 2019–2027 ($MILLION)
TABLE 45.AUSTRALIA SMART ENERGY MARKET, BY END-USER INDUSTRY, 2019–2027 ($MILLION)
TABLE 46.REST OF ASIA-PACIFIC SMART ENERGY MARKET, BY PRODUCT, 2019–2027 ($MILLION)
TABLE 47.REST OF ASIA-PACIFIC SMART ENERGY MARKET, BY END-USER INDUSTRY, 2019–2027 ($MILLION)
TABLE 48.LAMEA SMART ENERGY MARKET, BY PRODUCT, 2019–2027 ($MILLION)
TABLE 49.LAMEA SMART ENERGY MARKET, BY END-USER INDUSTRY, 2019–2027 ($MILLION)
TABLE 50.LAMEA SMART ENERGY MARKET, BY COUNTRY, 2019–2027 ($MILLION)
TABLE 51.BRAZIL SMART ENERGY MARKET, BY PRODUCT, 2019–2027 ($MILLION)
TABLE 52.BRAZIL SMART ENERGY MARKET, BY END-USER INDUSTRY, 2019–2027 ($MILLION)
TABLE 53.SAUDI ARABIA SMART ENERGY MARKET, BY PRODUCT, 2019–2027 ($MILLION)
TABLE 54.SAUDI ARABIA SMART ENERGY MARKET, BY END-USER INDUSTRY, 2019–2027 ($MILLION)
TABLE 55.SOUTH AFRICA SMART ENERGY MARKET, BY PRODUCT, 2019–2027 ($MILLION)
TABLE 56.SOUTH AFRICA SMART ENERGY MARKET, BY END-USER INDUSTRY, 2019–2027 ($MILLION)
TABLE 57.REST OF LAMEA SMART ENERGY MARKET, BY PRODUCT, 2019–2027 ($MILLION)
TABLE 58.REST OF LAMEA SMART ENERGY MARKET, BY END-USER INDUSTRY, 2019–2027 ($MILLION)
TABLE 59.KEY AGREEMENT
TABLE 60.KEY PRODUCT LAUNCH
TABLE 61.GENERAL ELECTRIC COMPANY: COMPANY SNAPSHOT
TABLE 62.GENERAL ELECTRIC COMPANY: OPERATING SEGMENTS
TABLE 63.GENERAL ELECTRIC COMPANY: PRODUCT PORTFOLIO
TABLE 64.GENERAL ELECTRIC COMPANY GROUP: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 65.ABB LTD.: COMPANY SNAPSHOT
TABLE 66.ABB LTD.: OPERATING SEGMENTS
TABLE 67.ABB LTD.: PRODUCT PORTFOLIO
TABLE 68.ABB LTD.: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 69.HONEYWELL: COMPANY SNAPSHOT
TABLE 70.OLIN: OPERATING SEGMENTS
TABLE 71.HONEYWELL: PRODUCT PORTFOLIO
TABLE 72.OVERALL FINANCIAL STATUS ($MILLION)
TABLE 73.HONEYWELL: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 74.SORO ELECTRONICS: COMPANY SNAPSHOT
TABLE 75.SORO ELECTRONICS: OPERATING SEGMENTS
TABLE 76.SORO ELECTRONICS: PRODUCT PORTFOLIO
TABLE 77.SENSUS: COMPANY SNAPSHOT
TABLE 78.SENSUS: OPERATING SEGMENTS
TABLE 79.SENSUS: PRODUCT PORTFOLIO
TABLE 80.S&T SMART ENERGY: COMPANY SNAPSHOT
TABLE 81.S&T SMART ENERGY: OPERATING SEGMENTS
TABLE 82.S&T SMART ENERGY: PRODUCT PORTFOLIO
TABLE 83.LANDIS + GYR: COMPANY SNAPSHOT
TABLE 84.LANDIS + GYR: OPERATING SEGMENTS
TABLE 85.LANDIS + GYR: PRODUCT PORTFOLIO
TABLE 86.OVERALL FINANCIAL STATUS ($MILLION)
TABLE 87.SCHNEIDER ELECTRIC: COMPANY SNAPSHOT
TABLE 88.SCHNEIDER ELECTRIC: OPERATING SEGMENT
TABLE 89.SCHNEIDER ELECTRIC: PRODUCT PORTFOLIO
TABLE 90.OVERALL FINANCIAL STATUS ($MILLION)
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