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Global Smart Grid Managed Services Market 2016-2020

  • Published: Mar 2016
  • Pages: 65
  • SKU: IRTNTR9119
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This market research report presents a comprehensive analysis of the global smart grid managed services market by application (EMS, DMS, and data analytics) and by geography (Americas, APAC, and EMEA). Leading vendors in this market are Accenture, Capgemini, GE-Alstom, IBM, and Siemens.

Overview of the global smart grid managed services market

Technavio’s market research analyst predicts the global smart grid managed services market to grow at a significant CAGR of around 45% by the end of the forecast period. The concept of smart grid managed services refers to synchronizing the software and hardware used to manage smart grids. It also includes operational services using smart meters and integrating energy sources with smart grids. The smart grid technology also helps end users in the utilities sector to communicate better. Since new technology in the form of smart grids is being set up, investments in grid-related equipment will be high on both the production and distribution sides.

Recently, it has been observed that governments from across the globe are focusing on the reduction of carbon emissions and are also striving to find cleaner sources of energy. Due to the advent of stringent government policies, the utilization of renewable energy has increased. Smart grid managed services play a major role in reducing waste and also to manage power requirements based on peak and non-peak times. The implementation of smart grid managed services will help to cut down on power outages, ensure a steady power supply, and bring down the total cost of power.

Application-based segmentation and analysis of the smart grid managed services market

  • Energy management systems (EMS)
  • Distribution management systems (DMS)
  • Data Analytics

In this market research, analysts have estimated the DMS market segment to account for almost 45% of the total market share by 2020. A DMS integrates all the systems of the grid and acts as a decision support system. Its ability to take corrective measures, finds faults, and provide useful information to the operator to manage the grid more efficiently will lead to its augmented adoption during the forecast period. Furthermore, with the increasing focus on renewable energy installations and demand-response programs, the demand for DMS will witness a stark increase by 2020.

Geographical segmentation and analysis of the smart grid managed services market

  • Americas
  • APAC
  • EMEA

The global smart grid managed services market is dominated by the Americas, which accounts for about two-thirds of the overall market share. Adoption of smart meters and the upgradation of older systems are a couple of reasons behind the growth and domination of this region. Smart grids help providers to manage power demands during peak and non-peak hours and also helps them to improve the operational efficiency. Setting up smart grids also helps to cut down on carbon emissions.

 

Competitive Landscape and key vendors

The smart grid managed services market has a number of established vendors. In quite a few regions, local and regional vendors dominate the market, and large vendors have to deal with competitors. Large vendors have advantages like access to extensive capital and R&D funds, which allows them to develop new technologies.

Key vendors in this market are -

  • Accenture
  • Capgemini
  • GE-Alstom
  • IBM
  • Siemens

Other prominent vendors in this market are Alcatel-Lucent, AT&T, EnerNOC, Ericsson, FirstCarbon Solutions, HCL Technologies, Infosys, Itron, Lockheed Martin, Tendril Networks, Trilliant Energy Services, and Wipro.

Key questions answered in the report include

  • What will the market size, market forecast and the growth rate be in 2020?
  • What are the key factors driving the smart grid managed services market?
  • What are the key market trends impacting the growth of the global smart grid managed services market?
  • What are the challenges to market growth for smart grid managed services?
  • Who are the key vendors in the global smart grid managed services market?
  • What are the market opportunities and threats faced by the vendors in the smart grid managed services market?
  • Trending factors influencing the market shares of the Americas, APAC, and EMEA.
  • What are the key outcomes of the five forces analysis of the global smart grid managed services market?

Table of contents

PART 01: Executive summary

  • Highlights

PART 02: Scope of  the report

  • Market overview
  • Top-vendor offerings

PART 03: Market research methodology

  • Research methodology
  • Economic indicators

PART 04: Introduction

  • Key market highlights

PART 05: Market landscape

  • Market overview
  • Market size and forecast
  • Five forces analysis

PART 06: Market segmentation  by application

  • Global smart grid managed services market by application 2015
  • Global smart grid managed services market by application 2020
  • Global smart grid managed services market by product 2015-2020
  • Global smart grid managed services by EMS
  • Global smart grid managed services by DMS
  • Global smart grid managed services by data analytics

PART 07: Geographical segmentation

  • Global smart grid managed services market by geography 2015
  • Global smart grid managed services market by geography 2020
  • Global smart grid managed services market by geography 2015-2020
  • Smart grid managed services market in Americas 2015-2020
  • Smart grid managed services market in EMEA 2015-2020
  • Smart grid managed services market in APAC 2015-2020

PART 08: Key leading countries

  • US
  • Germany
  • China

PART 09: Market drivers

  • Increased investment in smart grid technologies
  • Change in energy mix
  • Financial benefits associated with smart grid managed services
  • Power crisis worldwide

PART 10: Impact of drivers

PART 11: Market challenges

  • High cost of upgrading smart grids
  • High risk of cyberattacks
  • Lack of interoperability standards for smart grid technologies
  • Lack of consumer awareness about smart grid technologies

PART 12: Impact of drivers and challenges

PART 13: Market trends

  • Rapid deployment of smart grids
  • Increased demand in power production

PART 14: Vendor landscape

  • Competitive scenario

PART 15: Key vendor analysis

  • Accenture
  • GE-Alstom
  • Capgemini
  • IBM
  • Siemens

PART 16: Appendix

  • List of abbreviations

PART 17: Explore Technavio

Research Framework

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

TechnavioINFORMATION SOURCES

Primary sources

  • Manufacturers and suppliers
  • Channel partners
  • Industry experts
  • Strategic decision makers

Secondary sources

  • Industry journals and periodicals
  • Government data
  • Financial reports of key industry players
  • Historical data
  • Press releases
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TechnavioDATA ANALYSIS

Data Synthesis

  • Collation of data
  • Estimation of key figures
  • Analysis of derived insights

Data Validation

  • Triangulation with data models
  • Reference against proprietary databases
  • Corroboration with industry experts
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TechnavioREPORT WRITING

Qualitative

  • Market drivers
  • Market challenges
  • Market trends
  • Five forces analysis

Quantitative

  • Market size and forecast
  • Market segmentation
  • Geographical insights
  • Competitive landscape
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