The Global Smart Grid Software Market is Expected to Reach $23+ Billion by 2026 - ResearchAndMarkets.com

·5 min read

The "Smart Grid Software Market - Forecasts from 2021 to 2026" report has been added to ResearchAndMarkets.com's offering.

The smart grid software market is evaluated at US$6.030 billion for the year 2019 and is projected to grow at a CAGR of 21.21% to reach a market size of US$23.180 billion by the year 2026.

A smart grid is a self-sufficient electricity supply network that uses digital communications technology for monitoring, control, and analysis within the supply chain and can act remotely on network incidents, improving the supply and relationship with the environment by providing reliable and efficient power supply through various smart grid applications and technologies. Smart grid software is an important part of the smart grid infrastructure that helps simplify the implementation and functionality of the smart grid and improve process efficiency and reduce energy production costs. The digital transformation trend in the energy sector is leading to the use of more and more smart grid software which is anticipated to propel the market growth even further in the coming years. Moreover, the governments of various countries are providing support to the technology including smart grid software which is further expected to supplement the market growth during the forecast period.

The outbreak of the novel coronavirus disease initially impacted the smart grid software market due to worldwide lockdown in most countries of the world, due to which the progress of smart grid systems got halted. All the travel and manufacturing activities were shut down during that period due to which the smart grid market had a negative impact leading to the downfall of the smart grid software market. Even after the lifting of the lockdown, there were various restrictions on travel, rules related to safety measures, and social distancing which remained a hindrance in the year 2020, leading to supply chain disruptions. Due to the non-availability of workers owing to the various restrictions, the manufacturing activities were still slow after the lifting of the lockdown. As the lockdown has been lifted in most parts of the world and the activities are moving towards their previous normal, along with the COVID-19 vaccination being carried out in many countries, the deployment of new smart grid systems has started again which is expected to recover the smart grid software market so that it continues to grow at its normal pace from 2021 onwards.

Companies Mentioned

  • Chetu

  • Schneider Electric

  • Smarter Grid Solutions

  • Oracle

  • IBM

  • Globema

  • Accenture

  • Landis+Gyr

  • PSI Software AG

  • Siemens

Key Topics Covered:

1. Introduction

1.1. Market Definition

1.2. Market Segmentation

2. Research Methodology

2.1. Research Data

2.2. Assumptions

3. Executive Summary

3.1. Research Highlights

4. Market Dynamics

4.1. Market Drivers

4.2. Market Restraints

4.3. Porters Five Forces Analysis

4.3.1. Bargaining Power of End-Users

4.3.2. Bargaining Power of Buyers

4.3.3. Threat of New Entrants

4.3.4. Threat of Substitutes

4.3.5. Competitive Rivalry in the Industry

4.4. Industry Value Chain Analysis

5. Smart Grid Software Market Analysis, by Software Type

5.1. Introduction

5.2. Advanced Metering Infrastructure

5.3. Grid Asset Management

5.4. Distribution Management System

5.5. Network Management System

5.6. Substation Automation

5.7. Grid Security

5.8. Billing and Customer Information System

6. Smart Grid Software Market Analysis, by Market

6.1. Introduction

6.2. Consulting

6.3. Deployment and Integration

6.4. Support and Maintenance

7. Smart Grid Software Market Analysis, by Geography

7.1. Introduction

7.2. North America

7.2.1. North America Smart Grid Software Market, By Software Type

7.2.2. North America Smart Grid Software Market, By Market

7.2.3. By Country

7.2.3.1. USA

7.2.3.2. Canada

7.2.3.3. Mexico

7.3. South America

7.3.1. South America Smart Grid Software Market, By Software Type

7.3.2. South America Smart Grid Software Market, By Market

7.3.3. By Country

7.3.3.1. Brazil

7.3.3.2. Argentina

7.3.3.3. Others

7.4. Europe

7.4.1. Europe Smart Grid Software Market, By Software Type

7.4.2. Europe Smart Grid Software Market, By Market

7.4.3. By Country

7.4.3.1.1. Germany

7.4.3.1.2. France

7.4.3.1.3. UK

7.4.3.1.4. Others

7.5. Middle East and Africa

7.5.1. Middle East and Africa Smart Grid Software Market, By Software Type

7.5.2. Middle East and Africa Smart Grid Software Market, By Market

7.5.3. By Country

7.5.3.1. Saudi Arabia

7.5.3.2. UAE

7.5.3.3. Others

7.6. Asia Pacific

7.6.1. Asia Pacific Smart Grid Software Market, By Software Type

7.6.2. Asia Pacific Smart Grid Software Market, By Market

7.6.3. By Country

7.6.3.1. China

7.6.3.2. India

7.6.3.3. Japan

7.6.3.4. South Korea

7.6.3.5. Others

8. Competitive Environment and Analysis

8.1. Major Players and Strategy Analysis

8.2. Emerging Players and Market Lucrativeness

8.3. Mergers, Acquisitions, Agreements, and Collaborations

8.4. Vendor Competitiveness Matrix

9. Company Profiles

9.1. Chetu

9.2. Schneider Electric

9.3. Smarter Grid Solutions

9.4. Oracle

9.5. IBM

9.6. Globema

9.7. Accenture

9.8. Landis+Gyr

9.9. PSI Software AG

9.10. Siemens

For more information about this report visit https://www.researchandmarkets.com/r/atakbt

View source version on businesswire.com: https://www.businesswire.com/news/home/20210510005331/en/

Contacts

ResearchAndMarkets.com
Laura Wood, Senior Press Manager
press@researchandmarkets.com

For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900