Smart Grid Managed Services 2016 Global Market Expected to Grow at CAGR 45% and Forecast to 2020
WiseGuyReports.Com Publish a New Market Research Report On – “Smart Grid Managed Services 2016 Global Market Expected to Grow at CAGR 45% and Forecast to 2020”.
This market research report presents a comprehensive analysis of the global smart grid managed services market by application (EMS, DMS, and data analytics) and by geography (Americas, APAC, and EMEA). Leading vendors in this market are Accenture, Capgemini, GE-Alstom, IBM, and Siemens.
Overview of the global smart grid managed services market
The market research analyst predicts the global smart grid managed services market to grow at a significant CAGR of around 45% by the end of the forecast period. The concept of smart grid managed services refers to synchronizing the software and hardware used to manage smart grids. It also includes operational services using smart meters and integrating energy sources with smart grids. The smart grid technology also helps end users in the utilities sector to communicate better. Since new technology in the form of smart grids is being set up, investments in grid-related equipment will be high on both the production and distribution sides.
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Recently, it has been observed that governments from across the globe are focusing on the reduction of carbon emissions and are also striving to find cleaner sources of energy. Due to the advent of stringent government policies, the utilization of renewable energy has increased. Smart grid managed services play a major role in reducing waste and also to manage power requirements based on peak and non-peak times. The implementation of smart grid managed services will help to cut down on power outages, ensure a steady power supply, and bring down the total cost of power.
Application-based segmentation and analysis of the smart grid managed services market
- Energy management systems (EMS)
- Distribution management systems (DMS)
- Data Analytics
In this market research, analysts have estimated the DMS market segment to account for almost 45% of the total market share by 2020. A DMS integrates all the systems of the grid and acts as a decision support system. Its ability to take corrective measures, finds faults, and provide useful information to the operator to manage the grid more efficiently will lead to its augmented adoption during the forecast period. Furthermore, with the increasing focus on renewable energy installations and demand-response programs, the demand for DMS will witness a stark increase by 2020.
Geographical segmentation and analysis of the smart grid managed services market
- Americas
- APAC
- EMEA
The global smart grid managed services market is dominated by the Americas, which accounts for about two-thirds of the overall market share. Adoption of smart meters and the upgradation of older systems are a couple of reasons behind the growth and domination of this region. Smart grids help providers to manage power demands during peak and non-peak hours and also helps them to improve the operational efficiency. Setting up smart grids also helps to cut down on carbon emissions.
Competitive Landscape and key vendors
The smart grid managed services market has a number of established vendors. In quite a few regions, local and regional vendors dominate the market, and large vendors have to deal with competitors. Large vendors have advantages like access to extensive capital and R&D funds, which allows them to develop new technologies.
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Key vendors in this market are -
Accenture
Capgemini
GE-Alstom
IBM
Siemens
Other prominent vendors in this market are Alcatel-Lucent, AT&T, EnerNOC, Ericsson, FirstCarbon Solutions, HCL Technologies, Infosys, Itron, Lockheed Martin, Tendril Networks, Trilliant Energy Services, and Wipro.
Key questions answered in the report include
- What will the market size and the growth rate be in 2020?
- What are the key factors driving the smart grid managed services market?
- What are the key market trends impacting the growth of the global smart grid managed services market?
- What are the challenges to market growth for smart grid managed services?
- Who are the key vendors in the global smart grid managed services market?
- What are the market opportunities and threats faced by the vendors in the smart grid managed services market?
- Trending factors influencing the market shares of the Americas, APAC, and EMEA.
- What are the key outcomes of the five forces analysis of the global smart grid managed services market?
Table Of Contents – Major Key Points
PART 01: Executive summary
Highlights
PART 02: Scope of the report
Market overview
Top-vendor offerings
PART 03: Market research methodology
Research methodology
Economic indicators
PART 04: Introduction
Key market highlights
PART 05: Market landscape
Market overview
Market size and forecast
Five forces analysis
PART 06: Market segmentation by application
Global smart grid managed services market by application 2015
Global smart grid managed services market by application 2020
Global smart grid managed services market by product 2015-2020
Global smart grid managed services by EMS
Global smart grid managed services by DMS
Global smart grid managed services by data analytics
PART 07: Geographical segmentation
Global smart grid managed services market by geography 2015
Global smart grid managed services market by geography 2020
Global smart grid managed services market by geography 2015-2020
Smart grid managed services market in Americas 2015-2020
Smart grid managed services market in EMEA 2015-2020
Smart grid managed services market in APAC 2015-2020
PART 08: Key leading countries
US
Germany
China
……..CONTINUED
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