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Smart Energy Market by Application and Geography - Forecast and Analysis 2021-2025

  • Published: Feb 2021
  • Pages: 120
  • SKU: IRTNTR70185
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The smart energy market size has the potential to grow by $ 591.26 bn during 2021-2025, and the market’s growth momentum will accelerate during the forecast period.

This report provides a detailed analysis of the market by application (Smart grid, Digital oilfield, Smart solar systems, and HEMS) and geography (APAC, North America, Europe, South America, and MEA). Also, the report analyzes the market’s competitive landscape and offers information on several market vendors, including ABB Ltd., General Electric Co., Honeywell International Inc., International Business Machines Corp., Itron Inc., Landis+Gyr AG, Larsen and Toubro Ltd., Robert Bosch GmbH, S&T Smart Energy GmbH, and Siemens AG.

Market Overview

Smart-Energy-Market-Market-Size-2020-2025

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Market Competitive Analysis

The smart energy market is fragmented. ABB Ltd., General Electric Co., Honeywell International Inc., International Business Machines Corp., Itron Inc., Landis+Gyr AG, Larsen and Toubro Ltd., Robert Bosch GmbH, S&T Smart Energy GmbH, and Siemens AG are some of the major market participants. Factors such as rising adoption of smart grid technologies, increasing regulations on using energy-efficient equipment, and availability of a wide range of smart home products will offer immense growth opportunities. However, intermittency in solar energy, slowdown in manufacturing output, and shortage of skilled labor may impede market growth. To make the most of the opportunities, vendors should focus on growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

To help clients improve their market position, this smart energy market forecast report provides a detailed analysis of the market leaders and offers information on the competencies and capacities of these companies. The report also covers details on the market’s competitive landscape and offers information on the products offered by various companies. Moreover, this smart energy market analysis report provides information on the upcoming trends and challenges that will influence market growth. This will help companies create strategies to make the most of future growth opportunities.

This report provides information on the production, sustainability, and prospects of several leading companies, including:

  • ABB Ltd.
  • General Electric Co.
  • Honeywell International Inc.
  • International Business Machines Corp.
  • Itron Inc.
  • Landis+Gyr AG
  • Larsen and Toubro Ltd.
  • Robert Bosch GmbH
  • S&T Smart Energy GmbH
  • Siemens AG

Smart Energy Market Scope

Report Coverage

Details

Page number

120

Base year

2020

Forecast period

2021-2025

Growth momentum & CAGR

Accelerate at a CAGR of 23%

Market growth 2021-2025

$ 591.26 billion

Market structure

Fragmented

YoY growth (%)

20.12

Regional analysis

APAC, North America, Europe, South America, and MEA

Performing market contribution

APAC at 30%

Key consumer countries

US, China, Germany, Russian Federation, and India

Competitive landscape

Leading companies, competitive strategies, consumer engagement scope

Companies profiled

ABB Ltd., General Electric Co., Honeywell International Inc., International Business Machines Corp., Itron Inc., Landis+Gyr AG, Larsen and Toubro Ltd., Robert Bosch GmbH, S&T Smart Energy GmbH, and Siemens AG

Market Dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for forecast period,

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Smart Energy Market: Segmentation by Geography

Smart-Energy-Market-Market-Share-by-Region-2020-2025

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The report offers an up-to-date analysis regarding the current Global market scenario, latest trends and drivers, and the overall market environment. APAC will offer several growth opportunities to market vendors during the forecast period. The  will significantly influence smart energy market's growth in this region.

30% of the market’s growth will originate from APAC during the forecast period. US | China | Germany | Russian Federation | India are the key markets for smart energy market  in APAC. This report provides an accurate prediction of the contribution of all segments to the growth of the smart energy market size.

Smart Energy Market: Key Highlights of the Report for 2021-2025

  • CAGR of the market during the forecast period 2021-2025
  • Detailed information on factors that will drive smart energy market growth during the next five years
  • Precise estimation of the smart energy market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the smart energy market industry across APAC, North America, Europe, South America, and MEA
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of smart energy market vendors

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Executive Summary

    Market Landscape

    • Market ecosystem
    • Market characteristics
    • Value chain analysis

    Market Sizing

    • Market definition
    • Market segment analysis
    • Market size 2020
    • Market outlook: Forecast for 2020 - 2025

    Five Forces Analysis

    • Five forces summary
    • Bargaining power of buyers
    • Bargaining power of suppliers
    • Threat of new entrants
    • Threat of substitutes
    • Threat of rivalry
    • Market condition

    Market Segmentation by Application

    • Market segments
    • Comparison by Application
    • Smart grid - Market size and forecast 2020-2025
    • Digital oilfield - Market size and forecast 2020-2025
    • Smart solar systems - Market size and forecast 2020-2025
    • HEMS - Market size and forecast 2020-2025
    • Market opportunity by Application

    Customer landscape

    • Overview

    Geographic Landscape

    • Geographic segmentation
    • Geographic comparison
    • APAC - Market size and forecast 2020-2025
    • North America - Market size and forecast 2020-2025
    • Europe - Market size and forecast 2020-2025
    • South America - Market size and forecast 2020-2025
    • MEA - Market size and forecast 2020-2025
    • Key leading countries
    • Market opportunity by geography
    • Market drivers – Demand led growth
    • Market challenges
    • Market trends

    Vendor Landscape

    • Competitive scenario
    • Vendor landscape
    • Landscape disruption
    • Industry risks

    Vendor Analysis

    • Vendors covered
    • Market positioning of vendors
    • ABB Ltd.
    • General Electric Co.
    • Honeywell International Inc.
    • International Business Machines Corp.
    • Itron Inc.
    • Landis+Gyr AG
    • Larsen and Toubro Ltd.
    • Robert Bosch GmbH
    • S&T Smart Energy GmbH
    • Siemens AG

    Appendix

    • Scope of the report
    • Currency conversion rates for US$
    • Research methodology
    • List of abbreviations

    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
    Technavio

    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
    Technavio

    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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    Smart Energy market growth will increase by $591.26 billion during 2020-2025.
    The smart energy market is expected to grow at a CAGR of 23.03% during 2020-2025.
    Technavio has segmented the smart energy market by application (Smart grid, Digital oilfield, Smart solar systems, and HEMS) and geographic (APAC, North America, Europe, South America, and MEA).
    ABB Ltd., General Electric Co., Honeywell International Inc., International Business Machines Corp., Itron Inc., Landis+Gyr AG, Larsen and Toubro Ltd., Robert Bosch GmbH, S&T Smart Energy GmbH, Siemens AG are a few of the key vendors in the smart energy market.
    APAC will register the highest growth rate of 29.60% among the other regions. Therefore, the smart energy market in APAC is expected to garner significant business opportunities for the vendors during the forecast period.
    • US
    • China
    • Germany
    • Russian Federation
    • India
    The key factors driving the smart energy market growth are:
    • Rising adoption of smart grid technologies
    The smart energy market vendors should focus on grabbing business opportunities from the smart grid segment as it accounted for the largest market share in the base year.
    • What are the key global market and the regional market share?
    • What are the revenue-generating key market segments?
    • What are the key factors driving and challenging this market’s growth?
    • Who are the key market vendors and their growth strategies?
    • What are the latest trends influencing the growth of this market?
    • What are the variables influencing the market growth in the primary regions?
    • What are the factors influencing the growth of the parent market?
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    • Covid-19 impact and recovery analysis
    • Data on revenue-generating market segments
    • Details on the market shares of various regions
    • Five-force market analysis

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