Market Overview:
The global smart power distribution systems market is expected to grow at a CAGR of 6.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for energy efficiency and the growing need for reliable and secure power distribution networks. The global smart power distribution systems market can be segmented on the basis of type into software and hardware. On the basis of application, the market can be segmented into industrial, commercial, and residential applications. The industrial application segment is expected to hold a major share in terms of revenue in this market during the forecast period owing to increased demand from end-use industries such as automotive, oil & gas, mining & metals, and food & beverage processing industries.
Product Definition:
Smart power distribution systems are important because they make it possible to manage energy usage more effectively. They can help to ensure that the right amount of power is delivered to the right places at the right times, which can lead to significant savings on energy costs.
Software:
Software is the Collection of Procedures, algorithms and their implementation used to obtain desired results in Power Systems. It controls and monitors electrical equipment such as motors, drives and other electronic devices to achieve desired outcomes such as efficient power usage or optimal performance. Software is an important aspect of modern industrial systems; it has been witnessing a rapid increase in demand over the past few years owing to its vast applications across several industries including manufacturing, transportation & logistics, oil & gas utilities among others.
Hardware:
Hardware is the devices and components that are used to build a power distribution system. It includes switches, fuses, circuit breakers, connectors & wires among others. Hardware components work together as a team to provide electrical power supply for the equipment installed in the building or any other location.
Smart Power Distribution System (SPDS) market by region: North America (U.S.
Application Insights:
The industrial segment dominated the global smart power distribution systems market in terms of revenue share in 2017. The growth can be attributed to the growing adoption of automation and integration with other systems such as IT, telecommunication and transportation among others. Distribution system used for commercial buildings is also expected to witness significant growth over the forecast period owing to its ability to automate control functions, improve operational efficiency and reduce human efforts by 50%.
Residential applications are expected to witness a CAGR of XX% from 2018 to 2030 due largelyto increasing penetration rate across developing countries such as India, Thailand China Indonesia etcetera which are increasingly adopting smart grid technology for power distribution network development. Integration of IoT devices with smart grids enables remote monitoring & controlling which further helps enhance security features thereby attracting consumers towards its adoption across homes or apartments complexes thus driving demand over the projected period.
Regional Analysis:
The North American regional market accounted for the largest revenue share in 2017. The growth is attributed to the presence of prominent players such as ABB; Alstom; Cisco Systems, Inc.; Cummins Inc.; General Electric; and Siemens AG. Moreover, increasing adoption of smart grid technology in commercial sectors such as retail and transportation is further expected to drive demand over the forecast period.
Asia Pacific region is anticipated to witness significant growth over the forecast period owing to rising number of electric vehicles on account of improving battery performance due to integration with solar panels for charging purposes along with growing awareness regarding environment protection. In addition, increasing penetration rate of smart meters coupled with favorable government initiatives are some other factors driving regional demand during the forecast years from 2018 till 2030 timeframe.
Growth Factors:
- Increasing demand for smart power distribution systems from commercial and industrial sectors to reduce the cost of energy consumption.
- Growing investments in smart grid infrastructure by governments across the globe to improve the efficiency of power distribution networks.
- Proliferation of microgrid technology that enables localized generation and distribution of electricity, which is expected to boost the demand for smart power distribution systems in near future.
- Rising concerns over climate change and need for efficient utilization of energy resources is anticipated to fuel the growth of smart power distribution market in coming years.
Scope Of The Report
Report Attributes
Report Details
Report Title
Smart Power Distribution Systems Market Research Report
By Type
Software, Hardware
By Application
Industrial, Commercial, Residential
By Companies
Cisco Systems Inc, General Electric, ABB, Siemens AG, Schneider Electric SE, Landis+Gyr AG, Itron, Oracle Corporation, Eaton Corporation, Aclara Technologies LLC, Cisco Systems Inc
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
178
Number of Tables & Figures
125
Customization Available
Yes, the report can be customized as per your need.
Global Smart Power Distribution Systems Market Report Segments:
The global Smart Power Distribution Systems market is segmented on the basis of:
Types
Software, Hardware
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
Industrial, Commercial, Residential
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:
- Cisco Systems Inc
- General Electric
- ABB
- Siemens AG
- Schneider Electric SE
- Landis+Gyr AG
- Itron
- Oracle Corporation
- Eaton Corporation
- Aclara Technologies LLC
- Cisco Systems Inc
Highlights of The Smart Power Distribution Systems 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:
- Software
- Hardware
- By Application:
- Industrial
- Commercial
- Residential
- 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 Power Distribution Systems 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
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- 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?
A Smart Power Distribution Systems (SPDS) is a type of electrical distribution system that uses sensors and communication technology to optimize power usage and improve reliability. SPDS systems can help reduce energy costs by monitoring the use of electricity in real time, adjusting power supplies as needed, and communicating with other devices in the system.
Some of the key players operating in the smart power distribution systems market are Cisco Systems Inc, General Electric, ABB, Siemens AG, Schneider Electric SE, Landis+Gyr AG, Itron, Oracle Corporation, Eaton Corporation, Aclara Technologies LLC, Cisco Systems Inc.
The smart power distribution systems market is expected to grow at a compound annual growth rate of 6.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Smart Power Distribution Systems 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 Power Distribution Systems Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Smart Power Distribution Systems 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 Power Distribution Systems 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 Power Distribution Systems Market Size & Forecast, 2018-2028
4.5.1 Smart Power Distribution Systems Market Size and Y-o-Y Growth
4.5.2 Smart Power Distribution Systems Market Absolute $ Opportunity
Chapter 5 Global Smart Power Distribution Systems 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 Smart Power Distribution Systems Market Size Forecast by Type
5.2.1 Software
5.2.2 Hardware
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Smart Power Distribution Systems 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 Smart Power Distribution Systems Market Size Forecast by Applications
6.2.1 Industrial
6.2.2 Commercial
6.2.3 Residential
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Smart Power Distribution Systems 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 Power Distribution Systems 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 Smart Power Distribution Systems Analysis and Forecast
9.1 Introduction
9.2 North America Smart Power Distribution Systems 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 Smart Power Distribution Systems Market Size Forecast by Type
9.6.1 Software
9.6.2 Hardware
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 Smart Power Distribution Systems Market Size Forecast by Applications
9.10.1 Industrial
9.10.2 Commercial
9.10.3 Residential
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 Smart Power Distribution Systems Analysis and Forecast
10.1 Introduction
10.2 Europe Smart Power Distribution Systems 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 Smart Power Distribution Systems Market Size Forecast by Type
10.6.1 Software
10.6.2 Hardware
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 Smart Power Distribution Systems Market Size Forecast by Applications
10.10.1 Industrial
10.10.2 Commercial
10.10.3 Residential
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 Smart Power Distribution Systems Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Smart Power Distribution Systems 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 Smart Power Distribution Systems Market Size Forecast by Type
11.6.1 Software
11.6.2 Hardware
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 Smart Power Distribution Systems Market Size Forecast by Applications
11.10.1 Industrial
11.10.2 Commercial
11.10.3 Residential
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 Smart Power Distribution Systems Analysis and Forecast
12.1 Introduction
12.2 Latin America Smart Power Distribution Systems 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 Smart Power Distribution Systems Market Size Forecast by Type
12.6.1 Software
12.6.2 Hardware
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 Smart Power Distribution Systems Market Size Forecast by Applications
12.10.1 Industrial
12.10.2 Commercial
12.10.3 Residential
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) Smart Power Distribution Systems Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Smart Power Distribution Systems 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) Smart Power Distribution Systems Market Size Forecast by Type
13.6.1 Software
13.6.2 Hardware
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) Smart Power Distribution Systems Market Size Forecast by Applications
13.10.1 Industrial
13.10.2 Commercial
13.10.3 Residential
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 Power Distribution Systems Market: Competitive Dashboard
14.2 Global Smart Power Distribution Systems Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Cisco Systems Inc
14.3.2 General Electric
14.3.3 ABB
14.3.4 Siemens AG
14.3.5 Schneider Electric SE
14.3.6 Landis+Gyr AG
14.3.7 Itron
14.3.8 Oracle Corporation
14.3.9 Eaton Corporation
14.3.10 Aclara Technologies LLC
14.3.11 Cisco Systems Inc
