Smart Grid Managed Services Market Share, Growth, Trend Analysis and Forecast 2025
Smart grid managed services refer to the synchronization of different smart grid software and related hardware technologies. They also include operational services such as deployment of AMIs and smart meters, and integration of renewable energy with the smart grids.
The DMS market segment to account for almost 40% of the total market share. 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.
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The key players covered in this study GE-Alstom, IBM Corp, Siemens Corp, Ericsson, Itron, Lockheed Martin, Alcatel-Lucent, Accenture Plc, Capgemini SA, AT&T, EnerNOC, Infosys, Wipro, FirstCarbon Solutions, HCL Technologies, Tendril Networks and Trilliant Energy Services.
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.
Market segment by Type, the product can be split into
· Energy Management Systems (EMS)
· Distribution Management Systems (DMS)
· Data Analytics
· Other
Market segment by Application, split into
· Power Utilities
· Independent Power Producers (IPPs)
· Other
Market segment by Regions/Countries, this report covers
· United States
· Europe
· China
· Japan
· Southeast Asia
· India
· Central & South America
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Scope of Report:
· To analyze global Smart Grid Managed Services status, future forecast, growth opportunity, key market and key players.
· To present the Smart Grid Managed Services development in United States, Europe and China.
· To strategically profile the key players and comprehensively analyze their development plan and strategies.
· To define, describe and forecast the market by product type, market and key regions.
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