Global Smart Grid Managed Services Industry Insights and 2019 Forecast Report
Global Smart Grid Managed Services Market 2015-2019 is the latest addition to Sandlerresearch.org industry research reports collection.
Smart grid managed services refer to the synchronization of various smart grid software and hardware technologies and their related operational services such as deployment of smart meters and AMIs and integration of renewable energy with smart grids. These smart grid services are offered to various end-users such as power utilities and IPPs. Smart grid technology enables two-way communication between the utilities and their customers. Deployment of smart grid technologies requires a major operational change because it involves the integration of various advanced technologies with smart grids. Some of these technologies are T&D automation, wired and wireless communication, high-voltage transmission lines, demand response solutions, and home energy management applications.
Analysts forecast the Global Smart Grid Managed Services market to grow at a CAGR of 53.96 percent over the period 2014-2019.
The report recognizes the following companies as the key players in the Global Smart Grid Managed Services Market: Accenture plc, Capgemini SA, GE Energy llc, IBM Corp. and Siemens AG.
Governments worldwide have started to increasingly support the development of smart grids. Increased adoption of smart grids will lead to better efficiency among power plants. This would be enabled through reduction in T&D and power losses. Reduced T&D losses would help enhance the overall output of power plants and, therefore, help end-users manage their power consumption patterns judiciously through programs such as demand-response.
According to the report, investment in smart grid technologies has increased substantially because of the growing power crisis worldwide and increased power losses during T&D. This has led to reduced operational performance of power plants, which is expected to have a positive effect on overall market growth during the forecast period.
Covered in this Report
The report covers the present scenario and the growth prospects of the Global Smart Grid Managed Services market for the period 2015-2019. The Global Smart Grid Managed Services market has been segmented on the basis of the following: applications (EMS, DMS and data analytics) and geography.
Global Smart Grid Managed Services market 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the Americas, and the APAC and EMEA regions; it also covers the Global Smart Grid Managed Services market landscape and its growth prospects in the coming years. The report also includes a discussion of the key vendors operating in this market.
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Key Regions
- Americas
- APAC
- EMEA
Key Vendors
- Accenture
- Capgemini
- GE Energy
- IBM
- Siemens
Other Prominent Vendors
- Alcatel-Lucent US
- AT&T
- EnerNOC
- Ericsson
- FirstCarbon Solutions
- HCL Technologies
- Infosys
- Itron
- Lockheed Martin
- Tendril Networks
- Trilliant Energy Services
- Verizon Communications
- Wipro
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Key Market Driver
- Financial Benefits Associated with Smart Grid Managed Services
Key Market Challenge
- High Risk of Cyber-attacks
Key Market Trend
- Increased Government Support for Development of Smart Grids
Key Questions Answered in this Report
- What will the market size be in 2019 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?
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