The Latin America, Middle East and Africa Smart Grid Market would witness market growth of 19.2% CAGR during the forecast period (2022-2028).
Smart Grid technology will make it possible for the grid to more effectively adapt to the dynamics of distributed generation and renewable energy sources, making it easier for utilities and customers to utilise these resources and profit from them. It is difficult for the grid to take input from many dispersed energy resources since the present infrastructure was built to transport electricity from centralised supply sources to fixed, predictable demands.
Moreover, the grid will need integrated monitoring and control, in addition to integration with substation automation, to govern various energy flows and arrange for backup capacity to supplement intermittent generation because intermittent supplies like solar and wind power. Controlling bidirectional power flows as well as monitoring, managing, and supporting these remote resources will be made simpler by smart grid capabilities.
Customers are given the means to take advantage of real-time power pricing, emergency load reduction signals or incentive-based load reduction signals, via sophisticated communications capabilities. Moreover, a smart grid may enable distribution generation resources like domestic solar panels, which allow certain small participants like individual residences and small businesses to sell their conserved energy to neighbours or back to the grid. The same will apply to bigger commercial enterprises that have backup or renewable power systems that may provide electricity for a fee at times of peak demand, which usually occur in the summer when air conditioners put a burden on the grid.
Due to increased adoption of solutions to reduce outages and revenue losses and improve management with minimum interruptions, the Middle East & Africa is predicted to develop. With new developments to accommodate conventional and non-conventional energy resources, the area is expected to expand steadily. In February 2021, Amazonas Energia, a Brazilian energy distribution firm, chose Landis+Gyr for an advanced metering infrastructure project. SGP+M Mesh IP intelligent centralised metering from Landis+Gyr will serve 100,000 consumers for the utility.
DEWA launched its Smart Grid vision for 2035 in 2014. DEWA met Smart Grid Strategy 2014-2035 short-term targets. DEWA modified its Smart Grid Strategy to 2035 in 2021, shifting from a technology-led to a value-driven strategy and consolidating its 10 smart grid programmes into 6 themes with 19 global smart grid capabilities. Hence, LAMEA's Smart Grid Market will benefit from the government's smart city ambitions.
The Brazil market dominated the LAMEA Smart Grid Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $2,734.5 million by 2028. The Argentina market is experiencing a CAGR of 19.9% during (2022 - 2028). Additionally, The UAE market would exhibit a CAGR of 18.9% during (2022 - 2028).
Based on Component, the market is segmented into Solution (Smart Grid Distribution Management, Substation Automation, Smart Grid Network Management, Smart Grid Metering Infrastructure, Smart Grid Security, Smart Grid Communications, and Others) and Services. Based on End User, the market is segmented into Commercial, Industrial, and Residential. Based on Application, the market is segmented into Distribution, Transmission, Consumption, and Generation. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
Free Valuable Insights: The Global Smart Grid Market is Predict to reach $130.2 Billion by 2028, at a CAGR of 17.4%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include General Electric Company (GE Grid Solutions), Schneider Electric SE, Cisco Systems, Inc., IBM Corporation, Siemens AG, Wipro Limited, Honeywell International, Inc., Oracle Corporation, ABB Group, and Itron, Inc.
Scope of the Study
Market Segments Covered in the Report:
By Component
- Solution
- Smart Grid Distribution Management
- Substation Automation
- Smart Grid Network Management
- Smart Grid Metering Infrastructure
- Smart Grid Security
- Smart Grid Communications
- Others
- Services
By End User
- Commercial
- Industrial
- Residential
By Application
- Distribution
- Transmission
- Consumption
- Generation
By Country
- Brazil
- Argentina
- UAE
- Saudi Arabia
- South Africa
- Nigeria
- Rest of LAMEA
Key Market Players
List of Companies Profiled in the Report:
- General Electric Company (GE Grid Solutions)
- Schneider Electric SE
- Cisco Systems, Inc.
- IBM Corporation
- Siemens AG
- Wipro Limited
- Honeywell International, Inc.
- Oracle Corporation
- ABB Group
- Itron, Inc.
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 LAMEA Smart Grid Market, by Component
1.4.2 LAMEA Smart Grid Market, by End User
1.4.3 LAMEA Smart Grid Market, by Application
1.4.4 LAMEA Smart Grid Market, by Country
1.5 Methodology for the research
Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.1.1 Market Composition and Scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints
Chapter 3. Competition Analysis - Global
3.1 KBV Cardinal Matrix
3.2 Recent Industry Wide Strategic Developments
3.2.1 Partnerships, Collaborations and Agreements
3.2.2 Product Launches and Product Expansions
3.3 Market Share Analysis, 2021
3.4 Top Winning Strategies
3.4.1 Key Leading Strategies: Percentage Distribution (2018-2022)
3.4.2 Key Strategic Move: (Partnerships, Collaborations & Agreements: 2018, Sep – 2023, Feb) Leading Players
Chapter 4. LAMEA Smart Grid Market by Component
4.1 LAMEA Solution Market by Country
4.2 LAMEA Smart Grid Market by Solution Type
4.2.1 LAMEA Smart Grid Distribution Management Market by Country
4.2.2 LAMEA Substation Automation Market by Country
4.2.3 LAMEA Smart Grid Network Management Market by Country
4.2.4 LAMEA Smart Grid Metering Infrastructure Market by Country
4.2.5 LAMEA Smart Grid Security Market by Country
4.2.6 LAMEA Smart Grid Communications Market by Country
4.2.7 LAMEA Others Market by Country
4.3 LAMEA Services Market by Country
Chapter 5. LAMEA Smart Grid Market by End User
5.1 LAMEA Commercial Market by Country
5.2 LAMEA Industrial Market by Country
5.3 LAMEA Residential Market by Country
Chapter 6. LAMEA Smart Grid Market by Application
6.1 LAMEA Distribution Market by Country
6.2 LAMEA Transmission Market by Country
6.3 LAMEA Consumption Market by Country
6.4 LAMEA Generation Market by Country
Chapter 7. LAMEA Smart Grid Market by Country
7.1 Brazil Smart Grid Market
7.1.1 Brazil Smart Grid Market by Component
7.1.1.1 Brazil Smart Grid Market by Solution Type
7.1.2 Brazil Smart Grid Market by End User
7.1.3 Brazil Smart Grid Market by Application
7.2 Argentina Smart Grid Market
7.2.1 Argentina Smart Grid Market by Component
7.2.1.1 Argentina Smart Grid Market by Solution Type
7.2.2 Argentina Smart Grid Market by End User
7.2.3 Argentina Smart Grid Market by Application
7.3 UAE Smart Grid Market
7.3.1 UAE Smart Grid Market by Component
7.3.1.1 UAE Smart Grid Market by Solution Type
7.3.2 UAE Smart Grid Market by End User
7.3.3 UAE Smart Grid Market by Application
7.4 Saudi Arabia Smart Grid Market
7.4.1 Saudi Arabia Smart Grid Market by Component
7.4.1.1 Saudi Arabia Smart Grid Market by Solution Type
7.4.2 Saudi Arabia Smart Grid Market by End User
7.4.3 Saudi Arabia Smart Grid Market by Application
7.5 South Africa Smart Grid Market
7.5.1 South Africa Smart Grid Market by Component
7.5.1.1 South Africa Smart Grid Market by Solution Type
7.5.2 South Africa Smart Grid Market by End User
7.5.3 South Africa Smart Grid Market by Application
7.6 Nigeria Smart Grid Market
7.6.1 Nigeria Smart Grid Market by Component
7.6.1.1 Nigeria Smart Grid Market by Solution Type
7.6.2 Nigeria Smart Grid Market by End User
7.6.3 Nigeria Smart Grid Market by Application
7.7 Rest of LAMEA Smart Grid Market
7.7.1 Rest of LAMEA Smart Grid Market by Component
7.7.1.1 Rest of LAMEA Smart Grid Market by Solution Type
7.7.2 Rest of LAMEA Smart Grid Market by End User
7.7.3 Rest of LAMEA Smart Grid Market by Application
Chapter 8. Company Profiles
8.1 General Electric Company (GE Grid Solutions)
8.1.1 Company Overview
8.1.2 Financial Analysis
8.1.3 Segmental and Regional Analysis
8.1.4 Research & Development Expense
8.1.5 Recent strategies and developments:
8.1.5.1 Partnerships, Collaborations, and Agreements:
8.1.5.2 Product Launches and Product Expansions:
8.1.6 SWOT Analysis
8.2 Schneider Electric SE
8.2.1 Company Overview
8.2.2 Financial Analysis
8.2.3 Segmental and Regional Analysis
8.2.4 Research & Development Expense
8.2.5 Recent strategies and developments:
8.2.5.1 Partnerships, Collaborations, and Agreements:
8.2.5.2 Product Launches and Product Expansions:
8.2.6 SWOT Analysis
8.3 Cisco Systems, Inc.
8.3.1 Company Overview
8.3.2 Financial Analysis
8.3.3 Regional Analysis
8.3.4 Research & Development Expense
8.3.5 Recent strategies and developments:
8.3.5.1 Partnerships, Collaborations, and Agreements:
8.3.6 SWOT Analysis
8.4 IBM Corporation
8.4.1 Company Overview
8.4.2 Financial Analysis
8.4.3 Regional & Segmental Analysis
8.4.4 Research & Development Expenses
8.4.5 SWOT Analysis
8.5 Siemens AG
8.5.1 Company Overview
8.5.2 Financial Analysis
8.5.3 Segmental and Regional Analysis
8.5.4 Research & Development Expense
8.5.5 Recent strategies and developments:
8.5.5.1 Partnerships, Collaborations, and Agreements:
8.5.6 SWOT Analysis
8.6 Wipro Limited
8.6.1 Company Overview
8.6.2 Financial Analysis
8.6.3 Segmental and Regional Analysis
8.6.4 Research & Development Expenses
8.6.5 SWOT Analysis
8.7 Honeywell International, Inc.
8.7.1 Company Overview
8.7.2 Financial Analysis
8.7.3 Segmental and Regional Analysis
8.7.4 Research & Development Expenses
8.7.5 SWOT Analysis
8.8 Oracle Corporation
8.8.1 Company Overview
8.8.2 Financial Analysis
8.8.3 Segmental and Regional Analysis
8.8.4 Research & Development Expense
8.8.5 SWOT Analysis
8.9 ABB Group
8.9.1 Company Overview
8.9.2 Financial Analysis
8.9.3 Segmental and Regional Analysis
8.9.4 Research & Development Expense
8.9.5 SWOT Analysis
8.10. Itron, Inc.
8.10.1 Company Overview
8.10.2 Financial Analysis
8.10.3 Segmental and Regional Analysis
8.10.4 Research & Development Expense
8.10.5 Recent strategies and developments:
8.10.5.1 Partnerships, Collaborations, and Agreements:
TABLE 1 LAMEA Smart Grid Market, 2018 - 2021, USD Million
TABLE 2 LAMEA Smart Grid Market, 2022 - 2028, USD Million
TABLE 3 Partnerships, Collaborations and Agreements– Smart Grid Market
TABLE 4 Product Launches And Product Expansions– Smart Grid Market
TABLE 5 LAMEA Smart Grid Market by Component, 2018 - 2021, USD Million
TABLE 6 LAMEA Smart Grid Market by Component, 2022 - 2028, USD Million
TABLE 7 LAMEA Solution Market by Country, 2018 - 2021, USD Million
TABLE 8 LAMEA Solution Market by Country, 2022 - 2028, USD Million
TABLE 9 LAMEA Smart Grid Market by Solution Type, 2018 - 2021, USD Million
TABLE 10 LAMEA Smart Grid Market by Solution Type, 2022 - 2028, USD Million
TABLE 11 LAMEA Smart Grid Distribution Management Market by Country, 2018 - 2021, USD Million
TABLE 12 LAMEA Smart Grid Distribution Management Market by Country, 2022 - 2028, USD Million
TABLE 13 LAMEA Substation AutomationMarket by Country, 2018 - 2021, USD Million
TABLE 14 LAMEA Substation AutomationMarket by Country, 2022 - 2028, USD Million
TABLE 15 LAMEA Smart Grid Network Management Market by Country, 2018 - 2021, USD Million
TABLE 16 LAMEA Smart Grid Network Management Market by Country, 2022 - 2028, USD Million
TABLE 17 LAMEA Smart Grid Metering Infrastructure Market by Country, 2018 - 2021, USD Million
TABLE 18 LAMEA Smart Grid Metering Infrastructure Market by Country, 2022 - 2028, USD Million
TABLE 19 LAMEA Smart Grid Security Market by Country, 2018 - 2021, USD Million
TABLE 20 LAMEA Smart Grid Security Market by Country, 2022 - 2028, USD Million
TABLE 21 LAMEA Smart Grid Communications Market by Country, 2018 - 2021, USD Million
TABLE 22 LAMEA Smart Grid Communications Market by Country, 2022 - 2028, USD Million
TABLE 23 LAMEA Others Market by Country, 2018 - 2021, USD Million
TABLE 24 LAMEA Others Market by Country, 2022 - 2028, USD Million
TABLE 25 LAMEA Services Market by Country, 2018 - 2021, USD Million
TABLE 26 LAMEA Services Market by Country, 2022 - 2028, USD Million
TABLE 27 LAMEA Smart Grid Market by End User, 2018 - 2021, USD Million
TABLE 28 LAMEA Smart Grid Market by End User, 2022 - 2028, USD Million
TABLE 29 LAMEA Commercial Market by Country, 2018 - 2021, USD Million
TABLE 30 LAMEA Commercial Market by Country, 2022 - 2028, USD Million
TABLE 31 LAMEA Industrial Market by Country, 2018 - 2021, USD Million
TABLE 32 LAMEA Industrial Market by Country, 2022 - 2028, USD Million
TABLE 33 LAMEA Residential Market by Country, 2018 - 2021, USD Million
TABLE 34 LAMEA Residential Market by Country, 2022 - 2028, USD Million
TABLE 35 LAMEA Smart Grid Market by Application, 2018 - 2021, USD Million
TABLE 36 LAMEA Smart Grid Market by Application, 2022 - 2028, USD Million
TABLE 37 LAMEA Distribution Market by Country, 2018 - 2021, USD Million
TABLE 38 LAMEA Distribution Market by Country, 2022 - 2028, USD Million
TABLE 39 LAMEA Transmission Market by Country, 2018 - 2021, USD Million
TABLE 40 LAMEA Transmission Market by Country, 2022 - 2028, USD Million
TABLE 41 LAMEA Consumption Market by Country, 2018 - 2021, USD Million
TABLE 42 LAMEA Consumption Market by Country, 2022 - 2028, USD Million
TABLE 43 LAMEA Generation Market by Country, 2018 - 2021, USD Million
TABLE 44 LAMEA Generation Market by Country, 2022 - 2028, USD Million
TABLE 45 LAMEA Smart Grid Market by Country, 2018 - 2021, USD Million
TABLE 46 LAMEA Smart Grid Market by Country, 2022 - 2028, USD Million
TABLE 47 Brazil Smart Grid Market, 2018 - 2021, USD Million
TABLE 48 Brazil Smart Grid Market, 2022 - 2028, USD Million
TABLE 49 Brazil Smart Grid Market by Component, 2018 - 2021, USD Million
TABLE 50 Brazil Smart Grid Market by Component, 2022 - 2028, USD Million
TABLE 51 Brazil Smart Grid Market by Solution Type, 2018 - 2021, USD Million
TABLE 52 Brazil Smart Grid Market by Solution Type, 2022 - 2028, USD Million
TABLE 53 Brazil Smart Grid Market by End User, 2018 - 2021, USD Million
TABLE 54 Brazil Smart Grid Market by End User, 2022 - 2028, USD Million
TABLE 55 Brazil Smart Grid Market by Application, 2018 - 2021, USD Million
TABLE 56 Brazil Smart Grid Market by Application, 2022 - 2028, USD Million
TABLE 57 Argentina Smart Grid Market, 2018 - 2021, USD Million
TABLE 58 Argentina Smart Grid Market, 2022 - 2028, USD Million
TABLE 59 Argentina Smart Grid Market by Component, 2018 - 2021, USD Million
TABLE 60 Argentina Smart Grid Market by Component, 2022 - 2028, USD Million
TABLE 61 Argentina Smart Grid Market by Solution Type, 2018 - 2021, USD Million
TABLE 62 Argentina Smart Grid Market by Solution Type, 2022 - 2028, USD Million
TABLE 63 Argentina Smart Grid Market by End User, 2018 - 2021, USD Million
TABLE 64 Argentina Smart Grid Market by End User, 2022 - 2028, USD Million
TABLE 65 Argentina Smart Grid Market by Application, 2018 - 2021, USD Million
TABLE 66 Argentina Smart Grid Market by Application, 2022 - 2028, USD Million
TABLE 67 UAE Smart Grid Market, 2018 - 2021, USD Million
TABLE 68 UAE Smart Grid Market, 2022 - 2028, USD Million
TABLE 69 UAE Smart Grid Market by Component, 2018 - 2021, USD Million
TABLE 70 UAE Smart Grid Market by Component, 2022 - 2028, USD Million
TABLE 71 UAE Smart Grid Market by Solution Type, 2018 - 2021, USD Million
TABLE 72 UAE Smart Grid Market by Solution Type, 2022 - 2028, USD Million
TABLE 73 UAE Smart Grid Market by End User, 2018 - 2021, USD Million
TABLE 74 UAE Smart Grid Market by End User, 2022 - 2028, USD Million
TABLE 75 UAE Smart Grid Market by Application, 2018 - 2021, USD Million
TABLE 76 UAE Smart Grid Market by Application, 2022 - 2028, USD Million
TABLE 77 Saudi Arabia Smart Grid Market, 2018 - 2021, USD Million
TABLE 78 Saudi Arabia Smart Grid Market, 2022 - 2028, USD Million
TABLE 79 Saudi Arabia Smart Grid Market by Component, 2018 - 2021, USD Million
TABLE 80 Saudi Arabia Smart Grid Market by Component, 2022 - 2028, USD Million
TABLE 81 Saudi Arabia Smart Grid Market by Solution Type, 2018 - 2021, USD Million
TABLE 82 Saudi Arabia Smart Grid Market by Solution Type, 2022 - 2028, USD Million
TABLE 83 Saudi Arabia Smart Grid Market by End User, 2018 - 2021, USD Million
TABLE 84 Saudi Arabia Smart Grid Market by End User, 2022 - 2028, USD Million
TABLE 85 Saudi Arabia Smart Grid Market by Application, 2018 - 2021, USD Million
TABLE 86 Saudi Arabia Smart Grid Market by Application, 2022 - 2028, USD Million
TABLE 87 South Africa Smart Grid Market, 2018 - 2021, USD Million
TABLE 88 South Africa Smart Grid Market, 2022 - 2028, USD Million
TABLE 89 South Africa Smart Grid Market by Component, 2018 - 2021, USD Million
TABLE 90 South Africa Smart Grid Market by Component, 2022 - 2028, USD Million
TABLE 91 South Africa Smart Grid Market by Solution Type, 2018 - 2021, USD Million
TABLE 92 South Africa Smart Grid Market by Solution Type, 2022 - 2028, USD Million
TABLE 93 South Africa Smart Grid Market by End User, 2018 - 2021, USD Million
TABLE 94 South Africa Smart Grid Market by End User, 2022 - 2028, USD Million
TABLE 95 South Africa Smart Grid Market by Application, 2018 - 2021, USD Million
TABLE 96 South Africa Smart Grid Market by Application, 2022 - 2028, USD Million
TABLE 97 Nigeria Smart Grid Market, 2018 - 2021, USD Million
TABLE 98 Nigeria Smart Grid Market, 2022 - 2028, USD Million
TABLE 99 Nigeria Smart Grid Market by Component, 2018 - 2021, USD Million
TABLE 100 Nigeria Smart Grid Market by Component, 2022 - 2028, USD Million
TABLE 101 Nigeria Smart Grid Market by Solution Type, 2018 - 2021, USD Million
TABLE 102 Nigeria Smart Grid Market by Solution Type, 2022 - 2028, USD Million
TABLE 103 Nigeria Smart Grid Market by End User, 2018 - 2021, USD Million
TABLE 104 Nigeria Smart Grid Market by End User, 2022 - 2028, USD Million
TABLE 105 Nigeria Smart Grid Market by Application, 2018 - 2021, USD Million
TABLE 106 Nigeria Smart Grid Market by Application, 2022 - 2028, USD Million
TABLE 107 Rest of LAMEA Smart Grid Market, 2018 - 2021, USD Million
TABLE 108 Rest of LAMEA Smart Grid Market, 2022 - 2028, USD Million
TABLE 109 Rest of LAMEA Smart Grid Market by Component, 2018 - 2021, USD Million
TABLE 110 Rest of LAMEA Smart Grid Market by Component, 2022 - 2028, USD Million
TABLE 111 Rest of LAMEA Smart Grid Market by Solution Type, 2018 - 2021, USD Million
TABLE 112 Rest of LAMEA Smart Grid Market by Solution Type, 2022 - 2028, USD Million
TABLE 113 Rest of LAMEA Smart Grid Market by End User, 2018 - 2021, USD Million
TABLE 114 Rest of LAMEA Smart Grid Market by End User, 2022 - 2028, USD Million
TABLE 115 Rest of LAMEA Smart Grid Market by Application, 2018 - 2021, USD Million
TABLE 116 Rest of LAMEA Smart Grid Market by Application, 2022 - 2028, USD Million
TABLE 117 KEY INFORMATION – GENERAL ELECTRIC Company
TABLE 118 Key information – Schneider Electric SE
TABLE 119 Key Information – Cisco Systems, Inc.
TABLE 120 Key information – IBM Corporation
TABLE 121 Key Information – Siemens AG
TABLE 122 Key Information – Wipro Limited
TABLE 123 Key Information – Honeywell International, Inc.
TABLE 124 Key Information – Oracle Corporation
TABLE 125 Key Information – ABB Group
TABLE 126 Key Information – Itron, Inc.
List of Figures
FIG 1 Methodology for the research
FIG 2 KBV Cardinal Matrix
FIG 3 Market Share Analysis, 2021
FIG 4 Key Leading Strategies: Percentage Distribution (2018-2022)
FIG 5 Key Strategic Move: (Partnerships, Collaborations & Agreements : 2018, Sep – 2023, Feb) Leading Players
FIG 6 Recent strategies and developments: General Electric Company
FIG 7 Swot analysis: General electric (GE) Co.
FIG 8 Recent strategies and developments: Schneider Electric SE
FIG 9 Swot analysis: Schneider Electric SE
FIG 10 SWOT Analysis: Cisco Systems, Inc.
FIG 11 Swot analysis: IBM Corporation
FIG 12 Swot analysis: Siemens AG
FIG 13 SWOT Analysis: Wipro Limited
FIG 14 Swot analysis: Honeywell international, inc.
FIG 15 SWOT analysis: Oracle Corporation
FIG 16 SWOT Analysis: ABB Group