Smart Grid Managed Services Market

“Smart Grid Managed Services Market: Industry Analysis, Market Size, Share, Trends, Application Analysis, Growth and Forecast, 2022-2027” provides a deep and thorough evaluation of the smart grid managed services by application (EMS, DMS, and data analytics); and by geography (North America, Europe, Asia-Pacific, Latin topical America and Middle East & Africa). Smart grid managed services involve the synchronization of different software and hardware technologies with the smart grids. They comprise operational services, including the integration of renewable energy with smart grids and the deployment of advanced metering infrastructure (AMIs) and smart meters. These services find extensive application in distribution management systems (DMS), energy management systems (EMS), and smart grid data analytics solutions.

The global smart grid managed services market is primarily driven by the growing adoption of smart grids. These services help utility providers offer better operation and energy transmission and distribution to users. Additionally, the rising investments in smart grid technologies and increasing support from numerous governments for their deployment across various end-use industries are significantly boosting the market. Furthermore, the increasing energy consumption and rapid technological advancements are some of the other factors anticipated to propel market growth in the near future.

Beginning with a global overview, the report explores the dynamics that have a strong influence on the smart grid managed services market and can also impact its future growth. Taking 2021 as the base year, the report covers the historical market scenarios from 2016-2021 and provides forecasts till 2027.This includes the study of value and volume trends and pricing history. Growth-inducing factors, market restraints, and recent developments have also been analyzed in the report in order to provide deeper knowledge about the industry. On a regional basis, the report examines the smart grid managed services market in North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. For each of these regions, the report studies the smart grid managed services market in detail for the latest trends, outlooks, and opportunities. 

Segmentation by Application:

• Energy management systems (EMS)
• Distribution management systems (DMS)
• Data Analytics

 Segmentation by Region:

• Asia-Pacific
• Europe
• Latin America
• North America
• Middle East & Africa

Competitive Landscape:

• Accenture
• Capgemini
• GE-Alstom
• IBM
• Siemens

 The price margins for the products along with the various success and risk factors for manufacturers have also been covered in the report. Moreover, in order to determine market attractiveness, the report analyses the smart grid managed services industry along with the parameters of porter’s five forces model. This model examines the degree of competition in the smart grid managed services industry by analyzing the threat posed by new entrants and substitutes, and the bargaining power of suppliers and buyers. Swot analysis of the market has also been presented in the report which highlights the strengths, weaknesses, opportunities, and threats pertaining to the smart grid managed services industry. Furthermore, the value chain analysis of the smart grid managed services industry has also been covered in the report. This comprises all the activities in the value chain, such as the procurement of various raw materials, manufacturing and sales of the products, and their distribution.

Highlights of The Smart Grid Managed Services Market

• Historical and current scenario
• Trends and developments
• Impact of COVID-19
• Market forecast
• Price analysis and forecast
• Porter’s five forces analysis
• SWOT analysis
• Value chain analysis

The report is a result of exhaustive primary and secondary research undertaken by analysts having years of experience in the smart grid managed services industry. All the qualitative and quantitative aspects of the industry have been covered and the collected data has been analyzed and presented in the form of easily comprehensible charts, graphs, and tables.