Smart Grid Technologies

Transmission Upgrades, Substation Automation, Distribution Automation, Smart Grid IT and Communications Networking, and Smart Metering: Global Market Analysis and Forecasts

The market for smart grid technologies is evolving rapidly as the need for a more responsive, automated power grid rises worldwide. The fundamental technology for injecting intelligence into the grid has been in existence for years – more than a decade in some cases. However, the past 18 to 24 months have seen accelerating technological advancements and shifting priorities among utility industry stakeholders.

Transmission system upgrades are driven by the need to interconnect offshore or remote wind and solar farms, as well as ongoing electrification across Asia Pacific and developing regions. Falling costs for devices and communications networking, combined with the increasing emphasis on reliability and energy efficiency, will lead to robust growth in the substation and distribution automation (SA and DA) markets. Meanwhile, government mandates, especially in Europe, will drive strong smart meter penetration gains over the next decade. At the same time, utilities are facing more competition than ever and squeezed margins. These issues, along with the proliferation of smart devices in the grid, will drive impressive growth in demand for more powerful utility IT solutions and analytics. Navigant Research forecasts that global smart grid technology revenue will grow from $44.1 billion in 2014 to $70.2 billion in 2023.

This Navigant Research report analyzes the global market for smart grid technologies, with a focus on transmission upgrades, SA, DA, information and operations technology (IT/OT) software and services, and advanced metering infrastructure (AMI). The study provides a detailed analysis of the market drivers, challenges, and trends, as well as regional and country factors, for each smart grid technology segment. Global market forecasts for revenue, broken out by technology, application, component, and region, extend through 2023. The report also provides profiles of key grid infrastructure vendors and includes information on 150-plus other types of companies, major global utilities, and smart grid-related industry associations.

Key Questions Addressed:
  • Which smart grid technology segments are the largest and how quickly are they expected to grow?
  • What are the key market drivers and challenges for each smart grid technology segment?
  • What are the most important new trends affecting the pace of investment in smart grid technologies?
  • What regional factors are affecting the pace of investment in smart grid technology?
  • Who are the key vendors in each category of smart grid technology?
Who needs this report?
  • Smart grid infrastructure vendors
  • Communications networking vendors
  • Cyber security vendors
  • Grid sensor vendors
  • Utilities
  • Regulators and policymakers
  • Government agencies
  • Investor community

Table of Contents

1. Executive Summary

1.1  Overview

1.2  Emerging Market Trends and Obstacles

1.3  Market Forecast

1.4  Additional Reading

2. Market Issues

2.1  The State of the Smart Grid Industry

2.2  Smart Grid Technology: Segments Defined and Market Drivers and Challenges

2.2.1   Transmission Upgrades

2.2.1.1  Transmission Upgrade Market Drivers

2.2.1.1.1.   Network Reliability

2.2.1.1.2.   Grid Efficiency

2.2.1.1.3.   Grid Capacity

2.2.1.1.4.   Generation Plant Retirements

2.2.1.1.5.   Aging Infrastructure

2.2.1.1.6.   Integration of Large-Scale Renewables

2.2.1.1.7.   Move from Centralized to Distributed Grid Management Technologies

2.2.1.2  Transmission Upgrade Market Challenges

2.2.1.2.1.   Capital Requirements

2.2.1.2.2.   Land Use and Eminent Domain

2.2.1.2.3.   Regulatory Environment

2.2.2   Substation Automation

2.2.2.1  SA Market Drivers

2.2.2.1.1.   Improved Outage Management and Recovery

2.2.2.1.2.   Improved System Operations

2.2.2.1.3.   Improved Equipment Health Monitoring

2.2.2.2  SA and Distribution Automation Market Challenges

2.2.2.2.1.   Regulatory Challenges

2.2.2.2.2.   Cost and Value

2.2.2.2.3.   Information Management

2.2.2.2.4.   Communications

2.2.2.2.5.   Standards Adoption

2.2.3   DA

2.2.3.1  DA Market Drivers

2.2.3.1.1.   Improved MV/LV Network Reliability

2.2.3.1.2.   Reduced Penalties for Poor Reliability Indices

2.2.3.1.3.   Operations Optimization

2.2.3.1.4.   Equipment Condition Management

2.2.3.1.5.   Dynamic Management of DG

2.2.3.1.6.   Avoided or Deferred Capital Expenditures

2.2.3.1.7.   Direct Operations and Maintenance Reductions

2.2.3.1.8.   Technical O&M Reductions (Energy and Fuel Cost Savings)

2.2.4   IT/OT Software and Services

2.2.4.1  Utility IT Software and Services Market Drivers

2.2.4.1.1.   Customer Engagement

2.2.4.1.2.   Operating Efficiency

2.2.4.1.3.   Predictive Capabilities

2.2.4.2  Utility IT Software and Services Market Challenges

2.2.4.2.1.   IT/OT Convergence

2.2.4.2.2.   Interoperability and Integration

2.2.4.2.3.   Data Quality: Validation, Estimation andEditing

2.2.4.2.4.   Aging IT Infrastructure

2.2.4.2.5.   Financial Pressures and Rate Case  Support

2.2.5   Advanced Metering Infrastructure

2.2.5.1  Advanced Metering Infrastructure Market Drivers

2.2.5.1.1.   Reduced Meter Reading Labor Costs

2.2.5.1.2.   Increased Meter Reading Frequency andAccuracy

2.2.5.1.3.   Remote Connect-Disconnect and LoadLimiting

2.2.5.1.4.   Outage Management – Detection andRestoration

2.2.5.1.5.   Power Quality Monitoring and Preventive System Repairs/Maintenance

2.2.5.1.6.   Revenue Protection and Theft Prevention

2.2.5.1.7.   Load Research and Analysis

2.2.5.1.8.   Energy Use Reduction

2.2.5.1.9.   DR and Peak Shifting

2.2.5.1.10.  Net Metering and Local Generation

2.2.5.1.11.  Support for EVs

2.2.5.2  AMI Market Challenges

2.2.5.2.1.   Standards and Interoperability

2.2.5.2.2.   Technical Obsolescence

2.2.5.2.3.   Security

2.2.5.2.4.   Consumer Pushback

2.2.6   Smart Grid Networking and Communications

2.3  Emerging Trends and Strategic Observations

2.3.1   Distributed Intelligence

2.3.2   Breaking Down Silos and IT/OT Convergence

2.3.3   Digitization and Ruggedization

2.3.4   DG Integration and Energy Storage

2.3.5   Utility Deregulation and Consolidation

2.3.6   Mobility

2.3.7   Visualization

2.3.8   Cloud Computing

2.3.9   Predictive Analytics

2.3.10  Physical and Cyber Security

2.3.11  Training Tools

3. Regional Issues

3.1  Regional Smart Grid Developments and RegulatoryDrivers

3.1.1   North America

3.1.1.1   Regulatory Environment

3.1.1.2   Transmission Upgrades

3.1.1.3   SA and DA

3.1.1.4   IT Solutions

3.1.1.5   AMI

3.1.2   Europe

3.1.2.1   Regulatory Environment

3.1.2.2   Transmission Upgrades

3.1.2.3   SA and DA

3.1.2.4   IT Solutions

3.1.2.5   AMI

3.1.3   Asia Pacific

3.1.3.1   Transmission Upgrades

3.1.3.1.1.   Transmission Upgrades in China

3.1.3.1.2.   Transmission Upgrades in India

3.1.3.2   SA and DA

3.1.3.3   IT Solutions

3.1.3.4   AMI

3.1.4   Latin America

3.1.4.1   Transmission Upgrades

3.1.4.2   SA and DA

3.1.4.3   IT Solutions

3.1.4.4   AMI

3.1.5   Middle East & Africa

4. Technology Issues

4.1  Overview

4.2  Transmission Upgrade Technologies

4.2.1   HVDC Technologies

4.2.2   HVAC Technologies

4.2.3   Submarine Cable Technologies

4.2.4   FACTS Technologies

4.2.5   Transmission Line Monitoring

4.3  SA

4.3.1   SCADA

4.3.2   Protective Relay Technology

4.3.3   Switchgear – Circuit Breakers and Fuses

4.3.4   Transformers

4.3.5   Relay Technology

4.4  DA

4.5  IT/OT Software and Services

4.5.1   MDM

4.5.2   Billing and CIS Solution

4.5.3   GIS

4.5.4   SCADA

4.5.5   EMS

4.5.6   DMS

4.5.7   OMS

4.5.8   AMS

4.5.9   MWMS

4.5.10  DRMS

4.5.11  DERMS

4.5.12  Data Analytics

4.6  AMI Technology

4.7  Networking Communications

5. Key Industry Players

5.1  Key Grid Infrastructure Vendors

5.1.1   ABB

5.1.2   Alcatel-Lucent

5.1.3   Alstom Grid

5.1.4   American Superconductor

5.1.5   Daiichi Electronics

5.1.6   Eaton

5.1.7   Ericsson

5.1.8   Fujitsu

5.1.9   G&W Electric

5.1.10  GE Digital Energy

5.1.11  NOJA Power

5.1.12  Ormazabal (Velatia)

5.1.13  Osaki Electric

5.1.14  S&C Electric

5.1.15  Schneider Electric

5.1.16  Schweitzer Engineering Laboratories

5.1.17  Shenzhen Clou Electronics

5.1.18  Siemens Energy

5.1.19  Toshiba

5.1.20  Yokogawa Electric

5.2  AMI Vendors

5.3  Networking Communications and Software Systems Providers

5.4  AMCM Device and Solutions Providers

5.5  IT Solutions and Service Providers

5.6  Systems Integrators

5.7  Cyber Security Vendors

5.8  Industry Associations

5.9  Utilities

5.9.1   North America

5.9.2   Europe

5.9.3   Asia Pacific

6. Market Forecasts

6.1  Overview

6.2  Forecasting Methodology

6.3  Smart Grid Technology Revenue Forecasts by Application

6.4  Smart Grid Technology Revenue Forecasts by Region

6.4.1   North America

6.4.2   Europe

6.4.3   Asia Pacific

6.4.4   Latin America

6.4.5   Middle East & Africa

6.5  Conclusions and Recommendations

6.5.1   Recommendations for Vendors

7. Company Directory
8. Acronym and Abbreviation List
9. Table of Contents
10. Table of Charts and Figures
11. Scope of Study, Sources and Methodology, Notes

List of Charts and Figures

  • Smart Grid Technology Revenue by Region, World Markets: 2014-202
  • Smart Grid Technology Revenue by Application, World Markets: 2014-2023
  • Smart Grid Technology Revenue by Application, North America: 2014-2023
  • Smart Grid Technology Revenue by Application, Europe: 2014-2023
  • Smart Grid Technology Revenue by Application, Asia Pacific: 2014-2023
  • Smart Grid Technology Revenue by Application, Latin America: 2014-2023
  • Smart Grid Technology Revenue by Application, Middle East & Africa: 2014-2023
  • Cumulative Smart Grid Technology Revenue by Application, World Markets: 2014-202
  • Transmission Upgrade Revenue by Region, World Markets: 2014-2023
  • Transmission Upgrade Revenue by Technology, World Markets: 2014-2023
  • Substation Automation Revenue by Region, World Markets: 2014-2023
  • Substation Automation Revenue by Technology, World Markets: 2014-2023
  • Distribution Automation Revenue by Region, World Markets: 2014-2023
  • Distribution Automation Revenue by Technology, World Markets: 2014-2023
  • IT/OT Software and Services Revenue by Region, World Markets: 2014-2023
  • IT/OT Software and Services Revenue by Application, World Markets: 2014-2023
  • AMI Revenue by Region, World Markets: 2014-2023
  • AMI Revenue by Component, World Markets: 2014-2023
  • 2050 Goals for Renewable Generation, European Union: 2010-2050
  • Examples of Distribution Feeder Devices

List of Tables

  • Smart Grid Technology Revenue by Region, World Markets: 2014-2023
  • Smart Grid Technology Revenue by Application, World Markets: 2014-2023
  • Cumulative Smart Grid Technology Revenue by Region, World Markets: 2014-2023
  • Cumulative Smart Grid Technology Revenue by Application, World Markets: 2014-2023
  • Smart Grid Technology Year-on-Year Revenue Change by Region, World Markets: 2014-202
  • Smart Grid Technology Revenue by Application, North America: 2014-2023
  • Cumulative Smart Grid Technology Revenue by Application, North America: 2014-2023
  • Smart Grid Technology Year-on-Year Revenue Change by Application, North America: 2014-2023
  • Smart Grid Technology Revenue by Application, Europe: 2014-2023
  • Cumulative Smart Grid Technology Revenue by Application, Europe: 2014-2023
  • Smart Grid Technology Year-on-Year Revenue Change by Application, Europe: 2014-2023
  • Smart Grid Technology Revenue by Application, Asia Pacific: 2014-2023
  • Cumulative Smart Grid Technology Revenue by Application, Asia Pacific: 2014-2023
  • IT/OT Software and Services Revenue by Application, Asia Pacific: 2014-2023
  • IT/OT Software and Services Revenue by Application, Latin America: 2014-2023
  • IT/OT Software and Services Revenue by Application, Middle East & Africa: 2014-2023
  • AMI Revenue by Region, World Markets: 2014-2023
  • AMI Revenue by Component, World Markets: 2014-2023
  • AMI Revenue by Component, North America: 2014-2023
  • AMI Revenue by Component, Europe: 2014-2023
  • AMI Revenue by Component, Asia Pacific: 2014-2023
  • Smart Grid Technology Year-on-Year Revenue Change by Application, Asia Pacific: 2014-2023
  • Smart Grid Technology Revenue by Application, Latin America: 2014-2023
  • Cumulative Smart Grid Technology Revenue by Application, Latin America: 2014-2023
  • Smart Grid Technology Year-on-Year Revenue Change by Application, Latin America: 2014-2023
  • Smart Grid Technology Revenue by Application, Middle East & Africa: 2014-2023
  • Cumulative Smart Grid Technology Revenue by Application, Middle East & Africa: 2014-2023
  • Smart Grid Technology Year-on-Year Revenue Change by Application, Middle East & Africa: 2014-2023
  • Transmission Upgrade Revenue by Region, World Markets: 2014-2023
  • Transmission Upgrade Revenue by Technology, World Markets: 2014-2023
  • Transmission Upgrade Revenue by Technology, North America: 2014-2023
  • Transmission Upgrade Revenue by Technology, Europe: 2014-2023
  • Transmission Upgrade Revenue by Technology, Asia Pacific: 2014-2023
  • Transmission Upgrade Revenue by Technology, Latin America: 2014-2023
  • Transmission Upgrade Revenue by Technology, Middle East & Africa: 2014-2023
  • Substation Automation Revenue by Region, World Markets: 2014-2023
  • Substation Automation Revenue by Technology, World Markets: 2014-2023
  • Substation Automation Revenue by Technology, North America: 2014-2023
  • Substation Automation Revenue by Technology, Europe: 2014-2023
  • Substation Automation Revenue by Technology, Asia Pacific: 2014-2023
  • Substation Automation Revenue by Technology, Latin America: 2014-2023
  • Substation Automation Revenue by Technology, Middle East & Africa: 2014-2023
  • Distribution Automation Revenue by Region, World Markets: 2014-2023
  • Distribution Automation Revenue by Technology, World Markets: 2014-2023
  • Distribution Automation Revenue by Technology, North America: 2014-2023
  • Distribution Automation Revenue by Technology, Europe: 2014-2023
  • Distribution Automation Revenue by Technology, Asia Pacific: 2014-2023
  • Distribution Automation Revenue by Technology, Latin America: 2014-2023
  • Distribution Automation Revenue by Technology, Middle East & Africa: 2014-2023
  • IT/OT Software and Services Revenue by Region, World Markets: 2014-2023
  • IT/OT Software and Services Revenue by Application, World Markets: 2014-2023
  • AMI Revenue by Component, Latin America: 2014-2023
  • IT/OT Software and Services Revenue by Application, North America: 2014-2023
  • IT/OT Software and Services Revenue by Application, Europe: 2014-2023
  • AMI Revenue by Component, Middle East & Africa: 2014-2023
  • Main Smart Grid IT Applications
  • Relative Comparison of Leading Smart Grid Communications Technologies
  • AMI Vendors, World Markets
  • Networking Communications and Software Systems Vendors, World Markets
  • AMCM Device and Solutions Providers, World Markets
  • IT Solutions and Services Providers, World Markets
  • Systems Integrators, World Markets
  • Cyber Security Vendors, World Markets
  • Industry Associations, World Markets
  • Electric Utilities, North America
  • Electric Utilities, Europe
  • Electric Utilities, Asia Pacific

Report Details

  • Pages: 105
  • Tables, Charts,
    Figures:
    90
  • Release Date: 3Q 2014

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