Smart Grid: Market Forecasts, Industry Trends & Competitor Leaderboard 2021-2026

• Market Dynamics: Provides a detailed assessment of how the smart grid is evolving, what benefits it can deliver for key stakeholders, and what the barriers are to future growth.
• Future Outlook & Regional Analysis: Future outlook and comprehensive analysis of the key countries and regions deploying smart grid technologies, encapsulated with our future outlook for deployment.
• Juniper Research Competitor Leaderboard:  Key player capability and capacity assessment for 16 smart vendors:
  • ABB
  • CISCO Systems
  • Eaton
  • eSmart Systems
  • Fujitsu
  • General Electric
  • Honeywell
  • IBM Corporation
  • Itron
  • Landis+Gyr AG
  • Oracle Corporation
  • Robert Bosch GmbH
  • Schneider Electric
  • Siemens AG
  • Tantalus
  • Wipro
• Benchmark Industry Forecasts: Forecasts for smart grid deployment levels, software revenue, energy and cost savings, as well as smart meter deployment levels, service revenue and connectivity splits, as well as splits by our 8 key regions and the 25 countries listed below:
  • Argentina
  • Australia
  • Brazil
  • Canada
  • China
  • Colombia
  • Denmark
  • France
  • Germany
  • India
  • Italy
  • Japan
  • Mexico
  • Netherlands
  • Norway
  • Poland
  • Portugal
  • Saudi Arabia
  • Singapore
  • South Africa
  • South Korea
  • Spain
  • Sweden
  • UK
  • US

1. What regions are leading the adoption of the smart grid?
2. What are the major benefits that can be realised via smart grid deployments?
3. What is the anticipated market size for the smart grid in 2026?
4. Which vendors will drive progress in the market and what will their strategies be?
5. What types of connectivity will be leveraged to power the smart grid?

Included in the Juniper Research Competitor Leaderboard: ABB, CISCO Systems, Eaton, eSmart Systems, Fujitsu, General Electric, Honeywell, IBM Corporation, Itron, Landis+Gyr AG, Oracle Corporation, Robert Bosch GmbH, Schneider Electric, Siemens AG, Tantalus, Wipro.
 
Mentioned: Accenture, Adobe, AESO (Alberta Electric System Operator), Airbus, Alclara, Alstrom, América Móvil, American Electric Power, ANEEL (National Electric Energy Agency), ANRE (Agency for Natural Resources and Energy), Appalachian Electric Coop, Arrow Electronics, Aspern Smart City Research, AT&T, Avista Utilities, AWS (Amazon Web Services), BKW Group Switzerland, BNDES (Brazilian National Bank for Economic and Social Development), Boeing, BrightRidge Utility, BSI (Federal Office for Information Security), Carnegie Mellon University, Caterpillar, Centerpoint Energy, Centrica, CFE (Federal Electric Commission), Chevron, Citrix Systems, City of Shasta Lake, Clevest, Cognizant, ComEd, CPS Energy, Deloitte, Dropbox, E.ON, EDF, EIB (European Investment Bank), Enedis, Enel, Energa Operator, Entegrus, EPB Chattanooga, EPE (Brazilian Energy Planning Agency), Eskom, Esri, ESRI, Evergy, Exelon, Exxon Mobil, First Energy, Flexera, Fortinet, French Broad EMC, General Motors, Google, Hewlett Packard, IAE (International Energy Agency), IBM Corporation, IEA, IEEE (Institute of Electrical and Electronic Engineers), Innogy, Intel, Italian Ministry of Economy and Finance, Itron, Kamstrup, Kärnten Netz GmbH Austria, KEA (Korean Energy Agency), KEPCO (Korea Electric Power Corporation), Laclede Electric Coop, Lamb County EC, Lenovo, Lidl, Mall of Africa, METI (Ministry of Economy, Trade and Industry) , Microsoft, Microsoft, Minister of the DMRE (Department of Mineral Resources and Energy), Mitnetz Storm, Mitsubishi Heavy Industries, Mongo DB, MOTIE (the Ministry of Trade, Industry and Energy), MySQL, National Grid, NEA (National Energy Administration), NERSA (National Energy Regulator of South Africa), Network Rail, NineStar Connect, NIST (National Institute of Standards and Technology), Northeastern REMC, Northern Ireland Electricity Networks, Ofgem (Office of Gas and Electricity Markets), Oklahoma Gas and Electric Company, Ontario Power Generation, Pacific Gas and Electric, PGE Dystrybucja, PTC, Pulaski Electric System, Qlik, Red Hat, SA Power Networks, Saint John Energy, Salesforce, SANEDI (South African National Energy Development Institute), SAP, SASGI (South African Smart Grid Initiative), SENER (Energy Secretariat), Sentient Energy, Singapore Power, Southern Company, Swiss Axpo, Tableau Software, Tata Power, Tauron Dystrybucja, Tenable Network Security Inc, TEPCO (Tokyo Electric Power Co), Tibco, Toshiba, Upwork, VMWare, Vodafone, Western Power Australia, Xcel Energy.
 
 

Juniper Research’s Smart Grid forecast suite includes:

• Smart grid, split by the following:
  • Deployment level
  • Software revenue
  • Energy savings
  • Cost savings
• Smart metering, split by the following
• Smart meters in service
• Cellular smart meters in service
• Service revenue
• Connectivity splits for:  
  • 2G
  • 3G
  • 4G
  • 5G
  • LTE-M
  • NB-IoT
• Interactive scenario tool allowing users to manipulate Juniper Research’s data for 4 different metrics.
• Access to the full set of forecast data of 44 tables and more than 10,400 datapoints.

Geographical splits: 25 countries

Harvest: Our online data platform, harvest, contains the very latest market data and is updated throughout the year. This is a fully featured platform enabling clients to better understand key data trends and manipulate charts and tables, overlaying different forecasts within the one chart - using the comparison tool. Empower your business with our market intelligence centre, and get alerted whenever your data is updated.

Interactive Excels (IFxl): Our IFxl tool enables clients to manipulate both forecast data and charts, within an Excel environment, to test their own assumptions using the Interactive Scenario Tool and compare selected markets side by side in customised charts and tables. IFxls greatly increase a clients’ ability to both understand a particular market and to integrate their own views into the model.

Global smart grid deployments will lead to annual energy savings of 1,060 terawatt-hours by 2026, from 316 terawatt-hours in 2021. This is the equivalent of powering over 42 million 90-minute football matches at Wembley stadium.

• Increased sustainability and energy security are critical to the appeal of smart grids, with analytics and demand-responsive networks able to have a dramatic impact in a renewables-heavy future. Vendors who can best combine analytics that deliver operational insights to energy companies, with low-cost sensors and connectivity will achieve the greatest success.
• Smart grid software, which analyses energy usage in real-time to enable responsive features for utility companies, will be critical to delivering energy and cost savings. The essential nature of these benefits will drive smart grid software spend to over $38 billion annually by 2026, from $12 billion in 2021; reflecting its dramatically increasing importance.
• Smart metering roll-outs are growing, with global smart meters in service set to reach over 2 billion in 2026, from 1.1 billion in 2021. While this represents growth of just under 95%, adoption is very uneven worldwide, with markets including Latin America and Africa & Middle East lagging significantly behind the leaders in Western Europe and the Far East & China. Vendors need to lobby governments urgently to support smart metering roll-outs, or they will rapidly fall further behind.