Future of the Smart Grid Industry

Future of the Smart Grid Industry

The Global Smart Grid Industry will Reach $112.7 Billion in 2025 growing at 6.2%

RELEASE DATE
26-May-2016
REGION
North America
Research Code: MC2E-01-00-00-00
SKU: EG01648-NA-SF_18599
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Description

Global smart grid investment is likely to grow rapidly. By 2025, a complete transformation to a smarter grid is unlikely but the process would have gained pace with major changes underway in grid automation, demand-side management, and Big Data analytics. Revenue growth will be the fastest in Europe. Demand response and advanced metering infrastructure will be key applications. Till 2025, the share of distribution grid management will continue to be the highest but demand response and advanced transmission technologies will grow the fastest. Cloud services are already encouraging X-as-a-service business model, making it the norm for offering software and services in 2025. This study makes key predictions for the smart grid industry in 2025.

Table of Contents

Top 2025 Electrical System Trends

Key Trends in the Future Electrical System

Global T&D Industry Investment Forecasts—Regional Overview, 2015–2025

  • US
  • European Union
  • The Middle East and Africa
  • Brazil
  • India
  • China

Transformation in Energy Flows

  • Conventional Grid, 2014
  • Transformation of Conventional Grid to Energy Internet (Smart Grid), 2020

2025 Smart Grid Predictions

Global Smart Grid Industry Revenue Forecasts 2025—Regional Overview

  • Revenue Forecast by Region and Application, Global, 2015 and 2025

Research Scope

Geographical Scope

Research Methodology

Mega Trends Driving The Future of Smart Grid

2025 Smart Grid Predictions

Global Smart Grid Industry Revenue Forecasts—Application Overview, 2015–2025

Distributed Energy in 2025

Distributed Generation Universe

Greater Integration of Distributed Energy Resources

Growth of Distributed Generation, 2015–2025

Pace of Technical Advancement

Biggest Impact of rise in DG—Change in Utility Business Models

The Shift in Business Model

Utilities That are Adopting New Models and Changing Their Way of Doing Business

Case Study in Europe: E.ON

  • Top Distributed Energy Trends in 2025

Grid Automation in 2025

Advanced Distribution Automation

Current Role of DSOs

Transformational Trends driving Change for DSOs

Future Role of DSOs

Top Microgrid Trends in 2025

Microgrid Architecture—Key Elements

Innovations Empowering Microgrids

European MG Market

Role of Utilities in MGs

MG Business Models

Transformation in Industry Ecosystem (TIES)

Key MG Stakeholders—Turnkey Providers

Top AMI Trends in 2025

Global Smart Meter Forecast

Global Smart Meter Market Development 2015–2020

Top Demand-side Management Trends in 2025

Evolution of Demand Response

Smart Grid Industry: Expected Development of DR, 2015–2025

A Bridged Ecosystem

Tools Enabling Demand Response Market

Revenue Forecast, Global, 2015 and 2025

DR Preparedness of Various Countries

Top Data Analytics Trends in 2025

Data Analytics

Challenges Associated with Real-time Data Analytics

Interest in Data Technologies—Adoption Pace

Top Cloud Service Trends in 2025

Forces Behind Transition to the Cloud

Growth Opportunities for Cloud Vendors,

X-as-a-Service Business Models

Smart Grid Cloud Services

Top Transmission Technology Trends in 2025

Need for Investment in Electricity Transmission

Advanced Transmission Technologies

Global Advanced Transmission Technologies Market

Top Integrated Electricity Market Trends in 2025

Integrated Electricity Market

Inter-regional or Cross-border Electricity Integration

Wholesale and Retail Market Integration

Business Models, Global, 2015

Case Study

NA

Europe

APAC

ROW

Abbreviations and Acronyms Used

Additional Sources of Information on Smart Grids

Market Methodology

Who is Frost & Sullivan

What Makes Us Unique

TEAM Methodology

Our Global Footprint 40+ Offices

List of Figures
  • 1. T&D Industry: Investment Forecast by Region, Global, 2015 and 2025
  • 2. Smart Grid Industry: Revenue Forecast by Region and Application, Global, 2015 and 2025
  • 3. Smart Grid Industry: Revenue Forecast by Application, Global, 2015–2025
  • 4. Distributed Generation Universe
  • 5. Electricity Generation Forecast by Fuel, Global, 2012
  • 6. Electricity Generation Forecast by Fuel, Global, 2025
  • 7. Installed Capacity Additions, Global, 2015, 2020, 2025, and 2030
  • 8. Annual Capacity Addition of DG Versus Centralised, Global, 2015–2025
  • 9. Biggest Impact of rise in DG—Change in Utility Business Models
  • 10. Distribution Automation Market: Revenue Forecast by Region, Global, 2012–2025
  • 11. Smart Grid and Importance of Transformer Monitoring
  • 12. MG Market: MW Segmentation by Region, Global, 2014
  • 13. MG Market: MW Segmentation by Project Type, Global, 2014
  • 14. Key MG Stakeholders—Turnkey Providers
  • 15. Smart Meter Market: Unit Shipments, Global, 2015 and 2025
  • 16. Smart Meter Market: Market Development, Global, 2015–2020
  • 17. Smart Meter Market: Market Development, Global, 2020–2025
  • 18. Smart Grid Industry: Expected Development of DR, 2015–2025
  • 19. DR Market: Revenue Forecast, Global, 2015 and 2025
  • 20. DR Market: Overall DR Attractiveness by Country, Global, 2015
  • 21. DR Market: Market Attractiveness, US, 2015
  • 22. DR Market: Market Attractiveness, Europe, 2015
  • 23. DR Market: Market Attractiveness, APAC, 2015
  • 24. Opportunities for Cloud in Smart Metering and Customer Analytics, Global, 2015 and 2025
  • 25. Opportunities for Cloud in Grid Analytics Services and Energy Trading, Global, 2015 and 2025
  • 26. X-as-a-Service Business Models, Key Participants, Global, 2015
  • 27. Smart Grid Cloud Services
  • 28. Need for Investment in Electricity Transmission
  • 29. Advanced Transmission Technologies
  • 30. ATT Market: HVDC and FACTS Revenue Forecast, Global 2015–2025
  • 31. Inter-regional or Cross-border Electricity Integration
  • 32. Electricity Market: Wholesale and Retail Integration Timeline, Global, 2009–2025
  • 33. Smart Grid Industry: Business Models, Global, 2015
  • 34. Smart Grid Industry: Revenue Forecast by Application, NA, 2015–2025
  • 35. Smart Grid Industry: Per Cent of Revenue by Application, North America, 2015
  • 36. Smart Grid Industry: Per Cent of Revenue by Application North America, 2025
  • 37. Smart Grid Industry: Revenue Forecast by Application, Europe, 2015–2025
  • 38. Smart Grid Industry: Per Cent Revenue by Application, Europe, 2015
  • 39. Smart Grid Industry: Per Cent Revenue by Application, Europe, 2025
  • 40. Smart Grid Industry: Revenue Forecast by Application, APAC, 2015–2025
  • 41. Smart Grid Industry: Per Cent Revenue by Application, APAC, 2015
  • 42. Smart Grid Industry: Per Cent Revenue by Application, APAC, 2025
  • 43. Smart Grid Industry: Revenue Forecast by Application, ROW, 2015 -2025
  • 44. Smart Grid Industry: Per Cent Revenue by Application, ROW, 2015
  • 45. Smart Grid Industry: Per Cent Revenue by Application, ROW, 2025
Related Research
Global smart grid investment is likely to grow rapidly. By 2025, a complete transformation to a smarter grid is unlikely but the process would have gained pace with major changes underway in grid automation, demand-side management, and Big Data analytics. Revenue growth will be the fastest in Europe. Demand response and advanced metering infrastructure will be key applications. Till 2025, the share of distribution grid management will continue to be the highest but demand response and advanced transmission technologies will grow the fastest. Cloud services are already encouraging X-as-a-service business model, making it the norm for offering software and services in 2025. This study makes key predictions for the smart grid industry in 2025.
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Table of Contents | Executive Summary~ || Top 2025 Electrical System Trends~ || Key Trends in the Future Electrical System~ || Global T&D Industry Investment Forecasts—Regional Overview, 2015–2025~ ||| US~ ||| European Union~ ||| The Middle East and Africa~ ||| Brazil~ ||| India~ ||| China~ || Transformation in Energy Flows~ ||| Conventional Grid, 2014~ ||| Transformation of Conventional Grid to Energy Internet (Smart Grid), 2020~ || 2025 Smart Grid Predictions~ || Global Smart Grid Industry Revenue Forecasts 2025—Regional Overview~ ||| Revenue Forecast by Region and Application, Global, 2015 and 2025~ | Research Scope and Segmentation~ || Research Scope~ || Geographical Scope~ || Research Methodology~ | Mega Trends and Industry Convergence Implications~ || Mega Trends Driving The Future of Smart Grid~ | Global Smart Grid Industry Forecast for 2025~ || 2025 Smart Grid Predictions~ || Global Smart Grid Industry Revenue Forecasts—Application Overview, 2015–2025~ | Increased Penetration of Distributed Energy Resources~ || Distributed Energy in 2025~ ||| Top Distributed Energy Trends in 2025~ || Distributed Generation Universe~ ||| Benefits~ ||| Challenges~ ||| Solutions~ ||| Impact~ || Greater Integration of Distributed Energy Resources~ ||| Installed Capacity Additions, Global, 2015, 2020, 2025, and 2030~ ||| Electricity Generation Forecast by Fuel, Global, 2012~ ||| Electricity Generation Forecast by Fuel, Global, 2025~ || Growth of Distributed Generation, 2015–2025~ ||| DG Annual Capacity Addition ~ ||| Centralized Annual Capacity Addition ~ || Pace of Technical Advancement~ || Biggest Impact of rise in DG—Change in Utility Business Models~ ||| Strategic Options~ ||| Geographic Expansion~ || The Shift in Business Model~ || Utilities That are Adopting New Models and Changing Their Way of Doing Business~ || Case Study in Europe: E.ON~ ||| Key Developments~ ||| New Energy World~ ||| Conventional Energy World~ | Grid Automation~ || Grid Automation in 2025~ ||| Top Grid Automation Trends in 2025~ || Advanced Distribution Automation~ ||| Distribution Automation~ ||| Revenue Forecast by Region, Global, 2012–2025~ ||| Smart Grid and Importance of Transformer Monitoring~ ||| Key Technology Trends for Distribution Transformer Monitoring (DTM)~ |||| DTM Technology Trends~ ||||| Communication Technology~ ||||| Product Offering~ ||||| Sensors~ |||| Competitor Analysis~ ||||| System/Equipment Suppliers~ ||||| Software Support~ ||||| Monitoring Solutions~ | Changing Role of DSOs~ || Current Role of DSOs~ || Transformational Trends driving Change for DSOs~ || Future Role of DSOs~ | Rise of Microgrids~ || Top Microgrid Trends in 2025~ || Microgrid Architecture—Key Elements~ ||| Advanced Electronics~ ||| Distributed Generation~ ||| Information and Communication Technology (ICT)~ ||| Data Management and Analysis~ ||| Sensors~ ||| Energy Storage~ || Innovations Empowering Microgrids~ || European MG Market~ ||| MW Segmentation by Region, Global, 2014~ ||| MW Segmentation by Project Type, Global, 2014~ || Role of Utilities in MGs~ ||| Challenges~ ||| Opportunities~ ||| Advantages~ || MG Business Models~ ||| Community-based Model~ ||| Hybrid-Based Model~ ||| Utility-based Model~ ||| Private Sector-based Model~ || Transformation in Industry Ecosystem (TIES)~ ||| Distributed Generators~ ||| Control Systems~ ||| Energy Management~ ||| Utilities~ || Key MG Stakeholders—Turnkey Providers ~ ||| Siemens~ ||| Schneider~ ||| Toshiba~ ||| Alstom~ ||| ABB~ | Advanced Metering Infrastructure~ || Top AMI Trends in 2025~ || Global Smart Meter Forecast~ ||| Unit Shipments, Global, 2015 and 2025~ || Global Smart Meter Market Development 2015–2020~ | Demand-side Management and Demand Response~ || Top Demand-side Management Trends in 2025~ || Evolution of Demand Response ~ || Smart Grid Industry: Expected Development of DR, 2015–2025~ || A Bridged Ecosystem~ || Tools Enabling Demand Response Market~ ||| Smart Meter ~ ||| Smart Thermostat~ ||| Energy Storage~ || Revenue Forecast, Global, 2015 and 2025~ || DR Preparedness of Various Countries~ ||| Overall DR Attractiveness by Country, Global, 2015~ |||| US~ |||| Europe~ |||| APAC~ | Real-time Data Analytics~ || Top Data Analytics Trends in 2025~ || Data Analytics~ ||| Meter Data Management (MDM)~ ||| Meter Data Analytics (MDA)~ ||| Grid Analytics~ ||| Self-healing Smart Grid—Transformation From Concept to Reality~ || Challenges Associated with Real-time Data Analytics~ || Interest in Data Technologies—Adoption Pace~ | Cloud Services Encourage New Business Models~ || Top Cloud Service Trends in 2025~ || Forces Behind Transition to the Cloud~ ||| Needs ~ ||| Challenges~ || Growth Opportunities for Cloud Vendors, ~ ||| Smart Metering and Customer Analytics, Global, 2015 and 2025 ~ |||| SaaS for non-mission critical processes~ |||| SaaS for misison critical processes~ |||| Smart meter data collection and analytics for residential customers~ |||| Energy management services for business~ |||| Customer-oriented analytics and applications~ ||| Services and Energy Trading, Global, 2015 and 2025~ |||| Energy trading platforms~ |||| Virtual power plants~ |||| Grid analytics and decision support~ || X-as-a-Service Business Models~ ||| Key Participants, Global, 2015~ || Smart Grid Cloud Services~ ||| Platform as a Service (PaaS)~ ||| Infrastructure as a Service (IaaS)~ ||| Software as a Service (SaaS)~ | Advanced Transmission Technologies~ || Top Transmission Technology Trends in 2025~ || Need for Investment in Electricity Transmission~ || Advanced Transmission Technologies~ ||| Hardware~ ||| Software~ || Global Advanced Transmission Technologies Market~ ||| HVDC and FACTS Revenue Forecast, Global 2015–2025~ | Integrated Electricity Market~ || Top Integrated Electricity Market Trends in 2025~ || Integrated Electricity Market~ ||| Advantages~ || Inter-regional or Cross-border Electricity Integration~ ||| US~ ||| EU~ ||| APAC~ || Wholesale and Retail Market Integration~ ||| Wholesale and Retail Integration Timeline, Global, 2009–2025~ | Smart Grid Business Model, 2015~ || Business Models, Global, 2015~ ||| Sophisticated VPPs~ ||| Pureplay Aggregator~ ||| Technology Seller~ ||| Hybrid Model~ || Case Study~ ||| Hybrid Business Model: E.ON’s Partnership with Sungevity~ ||| Pureplay Aggregator: Enernoc and Korea Power Exchange Demand Response Program~ | Regional Trends~ || NA~ ||| Smart Grid Industry Revenue Forecast~ |||| Revenue Forecast by Application~ ||| Smart Grid Growth Segments in 2025~ |||| Per Cent of Revenue by Application, North America, 2015~ |||| Per Cent of Revenue by Application North America, 2025~ || Europe ~ ||| Smart Grid Industry Revenue Forecast~ |||| Revenue Forecast by Application, Europe, 2015–2025~ ||| Smart Grid Growth Segments in 2025~ |||| Per Cent Revenue by Application, Europe, 2015~ |||| Per Cent Revenue by Application, Europe, 2025~ || APAC ~ ||| Smart Grid Industry Revenue Forecast~ |||| Revenue Forecast by Application, APAC, 2015–2025~ ||| Smart Grid Growth Segments in 2025~ |||| Per Cent Revenue by Application, APAC, 2015~ |||| Per Cent Revenue by Application, APAC, 2025~ || ROW ~ ||| Smart Grid Industry Revenue Forecast~ |||| Revenue Forecast by Application, ROW, 2015 -2025~ ||| Smart Grid Growth Segments in 2025~ |||| Per Cent Revenue by Application, ROW, 2015~ |||| Per Cent Revenue by Application, ROW, 2025~ | Legal Disclaimer~ | Appendix~ || Abbreviations and Acronyms Used~ || Additional Sources of Information on Smart Grids~ || Market Methodology~ | The Frost & Sullivan Story~ || Who is Frost & Sullivan~ || What Makes Us Unique~ || TEAM Methodology~ || Our Global Footprint 40+ Offices~
List of Charts and Figures 1. T&D Industry: Investment Forecast by Region, Global, 2015 and 2025~ 2. Smart Grid Industry: Revenue Forecast by Region and Application, Global, 2015 and 2025~ 3. Smart Grid Industry: Revenue Forecast by Application, Global, 2015–2025~ 4. Distributed Generation Universe~ 5. Electricity Generation Forecast by Fuel, Global, 2012~ 6. Electricity Generation Forecast by Fuel, Global, 2025~ 7. Installed Capacity Additions, Global, 2015, 2020, 2025, and 2030~ 8. Annual Capacity Addition of DG Versus Centralised, Global, 2015–2025 ~ 9. Biggest Impact of rise in DG—Change in Utility Business Models~ 10. Distribution Automation Market: Revenue Forecast by Region, Global, 2012–2025~ 11. Smart Grid and Importance of Transformer Monitoring~ 12. MG Market: MW Segmentation by Region, Global, 2014~ 13. MG Market: MW Segmentation by Project Type, Global, 2014~ 14. Key MG Stakeholders—Turnkey Providers~ 15. Smart Meter Market: Unit Shipments, Global, 2015 and 2025~ 16. Smart Meter Market: Market Development, Global, 2015–2020~ 17. Smart Meter Market: Market Development, Global, 2020–2025~ 18. Smart Grid Industry: Expected Development of DR, 2015–2025~ 19. DR Market: Revenue Forecast, Global, 2015 and 2025~ 20. DR Market: Overall DR Attractiveness by Country, Global, 2015~ 21. DR Market: Market Attractiveness, US, 2015 ~ 22. DR Market: Market Attractiveness, Europe, 2015 ~ 23. DR Market: Market Attractiveness, APAC, 2015 ~ 24. Opportunities for Cloud in Smart Metering and Customer Analytics, Global, 2015 and 2025~ 25. Opportunities for Cloud in Grid Analytics Services and Energy Trading, Global, 2015 and 2025~ 26. X-as-a-Service Business Models, Key Participants, Global, 2015~ 27. Smart Grid Cloud Services~ 28. Need for Investment in Electricity Transmission~ 29. Advanced Transmission Technologies~ 30. ATT Market: HVDC and FACTS Revenue Forecast, Global 2015–2025~ 31. Inter-regional or Cross-border Electricity Integration~ 32. Electricity Market: Wholesale and Retail Integration Timeline, Global, 2009–2025~ 33. Smart Grid Industry: Business Models, Global, 2015~ 34. Smart Grid Industry: Revenue Forecast by Application, NA, 2015–2025~ 35. Smart Grid Industry: Per Cent of Revenue by Application, North America, 2015~ 36. Smart Grid Industry: Per Cent of Revenue by Application North America, 2025~ 37. Smart Grid Industry: Revenue Forecast by Application, Europe, 2015–2025~ 38. Smart Grid Industry: Per Cent Revenue by Application, Europe, 2015~ 39. Smart Grid Industry: Per Cent Revenue by Application, Europe, 2025~ 40. Smart Grid Industry: Revenue Forecast by Application, APAC, 2015–2025~ 41. Smart Grid Industry: Per Cent Revenue by Application, APAC, 2015~ 42. Smart Grid Industry: Per Cent Revenue by Application, APAC, 2025 ~ 43. Smart Grid Industry: Revenue Forecast by Application, ROW, 2015 -2025~ 44. Smart Grid Industry: Per Cent Revenue by Application, ROW, 2015~ 45. Smart Grid Industry: Per Cent Revenue by Application, ROW, 2025~
Author Malavika Tohani
Industries Energy
WIP Number MC2E-01-00-00-00
Is Prebook No