Smart Grid in Power – Thematic Research

Smart Grid in Power Market Overview

The electricity grid is now getting smarter and transforming how power utilities interact with their customers. Smart grid technology uses IT and communication modules, including control systems and automation which enable new technologies to function together and provide support to an electricity grid. The electricity grid can then respond digitally to rapidly changing electricity demand patterns. Central to the smart grid system is the capability for various technologies to be deployed in one part of the power system and communicate with elements in various sectors and geographies, and also can be put to use by various stakeholders all throughout the electricity value chain.

Smart Grid in Power: Key Trends

The key trends that are associated with the smart grid in power theme can be classified into three categories: technology trends, macroeconomic trends, and regulatory trends.

• Technology trends – Some of the key technology trends impacting the smart grid in power theme include AI solutions, making better use of big data, improved understanding of consumer behavior, and increased customer engagement.

• Macroeconomic trends – The key macroeconomic trends that will shape the smart grid in power theme are long-term cost benefits, reducing spending on new power plants, and job creation.

• Regulatory trends – The key regulatory trends impacting the smart grid in power theme include smart grid policies and incentives and set up roadmaps for standardization and interoperability.

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Smart Grid in Power: Industry Analysis

The utility industry is witnessing a significant transformation driven by changes in regulation, policy, consumer expectations, and power infrastructure technology. This has accelerated the adoption of smart digital technologies. These advances provide huge opportunities for the sector to increase efficiency, and productivity, and improve customer service. However, innovative technologies also challenge existing business models and practices, and force utilities to alter how they do business and integrate new technologies into legacy infrastructure.

The Smart Grid in Power industry analysis also covers:

• Smart Grid Enhances Grid Flexibility
• The smart grid toolkit is getting more complicated
• COVID-19 – Smart and flexible grid promise resilient power at uncertain times
• Mergers and acquisitions
• Timeline

Smart Grid in Power - Value Chain Analysis

The smart grid value chain is divided into five major segments – AMI, DPG/Microgrid, EV charging infrastructure, smart homes, and smart cities.

Advanced metering infrastructure: AMI is a fully configured infrastructure that integrates existing as well as new utility processes and applications. The infrastructure comprises smart meters, communication networks, HAN systems, and MDMS. Overall, AMI is considered as the first step towards the modernization of the complete power system. Smart meters communicate energy usage data to both the consumer and the utility companies. It provides energy usage data to consumers via a consumer portal or an IHD unit. The utility employs advanced systems such as MDMS to help optimize operations and customer service. For example, AMI provides immediate feedback on power quality and outages, enabling the service provider to address any deficiencies. The vast amount of data flowing from the AMI allows improved management of utility assets, resulting in a more efficient and reliable grid.

Smart Grid in Power Value Chain Analysis

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Leading Companies Associated with the Smart Grid in Power Theme

Some of the leading companies making their mark within the smart grid in power theme are Landis+Gyr Group AG (Landis+Gyr), Sensus USA Inc, Aclara Technologies LLC (Aclara), and Elster Group.

Smart Grid in Power Sector Scorecard

At GlobalData, we use a scorecard approach to predict tomorrow’s leading companies within each sector. Our sector scorecards have three screens: a thematic screen, a valuation screen, and a risk screen. The smart grid in power sector scorecard has one screen:

• The thematic screen tells us who are the overall leaders in the 10 themes that matter most, based on our thematic engine.

Smart Grid in Power: Thematic Screen

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Smart Grid in Power Report Overview

Scope

This report focuses on smart grid in power:

• It identifies leaders and laggards in areas such as Advanced Metering Infrastructure (AMI), Distributed Power Generation (DPG)/Microgrid, Electric Vehicle (EV) Charging Infrastructure, Smart Homes and Smart Cities.
• It discusses the latest trends and developments in the field of smart grid.
• It further gives a brief analysis of the smart grid industry, the impact of COVID-19 on smart grid and global investment in electricity networks by equipment type.
• Includes major mergers and acquisitions and a timeline highlighting key milestones in the journey of smart grid.
• The report also provides an overview of the competitive positions held by power companies in the smart grid theme.

Reasons to Buy

The report provides:

• A comprehensive analysis of the present scenario and emerging market trends in the global smart grid industry.
• Insights of the leading players in the smart grid theme and where do they fit in the value chain.
• Extensive analysis of the smart grid industry, impact of COVID-19 on smart grid, key mergers and acquisitions and significant milestones in the journey of smart grid.
• Profiles of major market players within the smart grid industry, which aid in interpreting the competitive outlook of this theme.