Market Overview:
The global smart energy market is expected to grow from USD XX billion in 2018 to USD XX billion by 2030, at a CAGR of XX%. The growth of the market can be attributed to the increasing demand for smart grids, digital oilfields, home energy management systems (HEMS), and solar photovoltaic (PV) installations. However, the high installation cost and lack of awareness are restraining the growth of this market. The global smart energy market is segmented on the basis of type, application, and region. On the basis of type, it is divided into independent type smart energy and distributed Smart Energy. On the basis of application, it is classified into Smart Grid; Digital Oilfield; Home Energy Management Systems(HEMS); Smart Solar; Other Applications. Region-wise, it is analyzed across North America; Latin America; Europe ; Asia Pacific ; Middle East & Africa . Some key players in this market include ABB Ltd.; Cisco Systems Inc.; General Electric Co.
Product Definition:
Smart Energy is the use of technology to make energy use more efficient. It can include things like using sensors to detect when a room is empty and turning off the lights, or using smart thermostats that can be programmed to turn down the heat when no one is home. Smart Energy can also include using renewable energy sources like solar or wind power.
Independent Type Smart Energy:
Independent type smart energy is the term used to define electricity produced by renewable sources, such as wind and solar power. It can be easily distinguished from traditional energy sources which are derived from fossil fuels like coal, gas and petroleum. The growth factor in this market is mainly due to growing environmental concerns coupled with government initiatives across the globe for increasing the share of renewable source in overall energy supply.
Distributed Smart Energy:
Distributed smart energy is the electricity generated by micro-generation units, which are connected to the grid but operate independently using control and monitoring functions. It can be used for space heating, cooling, hot water generation or electric vehicle charging. The technology comprises of a wide range of distributed electrical generating technologies that use renewable energy sources such as solar PV and wind power along with other non-renewable sources such as biomass combustion or geothermal heat pumps which are connected to the main electric grid.
Application Insights:
The market is segmented by application into smart grid, digital oilfield, home energy management systems (HEMS), smart solar and others. The other applications include building automation systems and electric vehicles. The growth of the other applications can be attributed to the growing need for sustainable development along with increasing government initiatives for promoting electric vehicles in various countries across the world.
The demand for SSE in North America was dominated by Mexico where there has been a surge in investments from private players as well as foreign companies operating in Mexico such as Samsung Heavy Industries Ltd., Hyundai Heavy Industries Co., Ltd., etc.
Regional Analysis:
Asia Pacific region accounted for the largest market share in 2017 and is expected to continue its dominance over the forecast period. The regional growth can be attributed to rising government initiatives, increasing investments by private players, and growing awareness among consumers regarding smart energy solutions. China has been at the forefront of promoting smart grid development across Asia Pacific. In 2015, it launched a national strategy on intelligent energy transformation that aims at deploying a modernized electricity grid with strong cybersecurity as well as ensuring sustainable development through 2030s.
The European Commission's Horizon 2020 Strategy supports research activities related to Distributed Energy Resources (DER) such as wind turbines and solar panels installed on households’ roofs which are not connected into the power network but contribute towards reducing peak load requirements of distribution grids thereby enabling efficient generation mix decisions based on real-time prices offered by DER providers rather than centralised generators who bid into power purchase agreements(PPAs).
Growth Factors:
- Increasing demand for energy efficiency and conservation
- Rapid technological advancements in smart grid technology
- Proliferation of renewable energy sources
- Stringent government regulations and policies favoring smart energy technologies
- Rising consumer awareness about the benefits of using smart energy technologies
Scope Of The Report
Report Attributes
Report Details
Report Title
Smart Energy Market Research Report
By Type
Independent Type Smart Energy, Distributed Smart Energy
By Application
Smart Grid, Digital Oilfield, Home Energy Management Systems(HEMS), Smart Solar, Other
By Companies
GE-Alstom, Itron, Siemens, ABB, S&T, Samsung SDI, A123, Bosch, BYD, Landis + Gyr, GE-Alstom, AES Energy Storage, LG Chem, Saft, Axion Power International, Solar Grid Storage LLC
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
235
Number of Tables & Figures
165
Customization Available
Yes, the report can be customized as per your need.
Global Smart Energy Market Report Segments:
The global Smart Energy market is segmented on the basis of:
Types
Independent Type Smart Energy, Distributed Smart Energy
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Smart Grid, Digital Oilfield, Home Energy Management Systems(HEMS), Smart Solar, Other
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- GE-Alstom
- Itron
- Siemens
- ABB
- S&T
- Samsung SDI
- A123
- Bosch
- BYD
- Landis + Gyr
- GE-Alstom
- AES Energy Storage
- LG Chem
- Saft
- Axion Power International
- Solar Grid Storage LLC
Highlights of The Smart Energy Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Independent Type Smart Energy
- Distributed Smart Energy
- By Application:
- Smart Grid
- Digital Oilfield
- Home Energy Management Systems(HEMS)
- Smart Solar
- Other
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Smart Energy Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Smart energy is a term used to describe the use of technology in order to improve the efficiency and sustainability of energy usage. Smart technologies can be used to manage energy consumption, monitor and optimize systems, and provide real-time feedback.
Some of the major players in the smart energy market are GE-Alstom, Itron, Siemens, ABB, S&T, Samsung SDI, A123, Bosch, BYD, Landis + Gyr, GE-Alstom, AES Energy Storage, LG Chem, Saft, Axion Power International, Solar Grid Storage LLC.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Smart Energy Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Smart Energy Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Smart Energy Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Smart Energy Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Smart Energy Market Size & Forecast, 2020-2028
4.5.1 Smart Energy Market Size and Y-o-Y Growth
4.5.2 Smart Energy Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Independent Type Smart Energy
5.2.2 Distributed Smart Energy
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Smart Grid
6.2.2 Digital Oilfield
6.2.3 Home Energy Management Systems(HEMS)
6.2.4 Smart Solar
6.2.5 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Smart Energy Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Smart Energy Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Independent Type Smart Energy
9.6.2 Distributed Smart Energy
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Smart Grid
9.10.2 Digital Oilfield
9.10.3 Home Energy Management Systems(HEMS)
9.10.4 Smart Solar
9.10.5 Other
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Independent Type Smart Energy
10.6.2 Distributed Smart Energy
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Smart Grid
10.10.2 Digital Oilfield
10.10.3 Home Energy Management Systems(HEMS)
10.10.4 Smart Solar
10.10.5 Other
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Independent Type Smart Energy
11.6.2 Distributed Smart Energy
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Smart Grid
11.10.2 Digital Oilfield
11.10.3 Home Energy Management Systems(HEMS)
11.10.4 Smart Solar
11.10.5 Other
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Independent Type Smart Energy
12.6.2 Distributed Smart Energy
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Smart Grid
12.10.2 Digital Oilfield
12.10.3 Home Energy Management Systems(HEMS)
12.10.4 Smart Solar
12.10.5 Other
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Independent Type Smart Energy
13.6.2 Distributed Smart Energy
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Smart Grid
13.10.2 Digital Oilfield
13.10.3 Home Energy Management Systems(HEMS)
13.10.4 Smart Solar
13.10.5 Other
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Smart Energy Market: Competitive Dashboard
14.2 Global Smart Energy Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 GE-Alstom
14.3.2 Itron
14.3.3 Siemens
14.3.4 ABB
14.3.5 S&T
14.3.6 Samsung SDI
14.3.7 A123
14.3.8 Bosch
14.3.9 BYD
14.3.10 Landis + Gyr
14.3.11 GE-Alstom
14.3.12 AES Energy Storage
14.3.13 LG Chem
14.3.14 Saft
14.3.15 Axion Power International
14.3.16 Solar Grid Storage LLC
