1. Executive Summary
1.1 The Smart Grid Outlook
1.2 Shifting Drivers and Restraints
1.3 Regulatory Changes
1.4 A Role for Government
1.5 Summary of Drivers and Restraints of the Global Smart Grid Market
1.6 Benefits of this Report
1.7 Methodology
1.8 The Global Smart Grid Market
1.9 Regional Variations in the Smart Grid Market
2. Introduction to the Smart Grid Market
2.1 Definition of the Smart Grid
2.2 The Case for a Smarter Grid
2.3 Smart Grid Applications
2.3.1 Advanced Metering Infrastructure (AMI)
2.3.2 Demand Response (DR)
2.3.3 Energy Storage
2.3.4 Grid Transformation
2.3.5 Incorporating Renewable Sources
2.3.6 Distributed Generation
2.4 Development of the Smart Grid
2.5 The Smart Grid Economy
2.5.1 Smart Grid Market Segments & Industry Players
2.5.1.1 Smart Metering
2.5.1.2 Advanced Metering Infrastructure Networks
2.5.1.3 Applications
2.5.1.4 Demand Response (DR)
2.5.1.5 Grid Optimisation
2.5.2 The Role for Government
3. The Global Smart Grid Market
3.1 Drivers
3.1.1 Meeting Growing Energy Demand
3.1.2 Greenhouse Gas Emissions Reduction
3.1.3 Energy Independence
3.1.4 Efficiency Savings
3.1.5 Regulation & Government Policy
3.1.6 Economic Growth
3.1.7 Improved Customer Services
3.2 Restraints
3.2.1 Regulatory Framework
3.2.2 High Cost
3.2.3 Public Awareness and Trust
3.3 Global Smart Grid Market Size & Projected Growth
3.4 Smart Grid Submarket Forecasts by Technology
4. The Regional Smart Grid Markets
4.1 North American Smart Grid Market
4.2 European Smart Grid Market
4.3 Asia-Pacific Smart Grid Market
4.4 Latin American Smart Grid Market
4.5 Middle East & African Smart Grid Market
5. SWOT Analysis of the Smart Grid Market 2011-2021
5.1 Strengths
5.1.1 Government Backing
5.1 Strengths
5.1.1 Government Backing
5.1.2 Enabling the Low-Carbon Economy
5.1.3 Broad Societal Benefits
5.2 Weaknesses
5.2.1 Intangible Benefits
5.2.2 Costs
5.2.3 Lack of Public Awareness
5.2.4 Absence of Standards
5.2.5 Regulatory Environment
5.3 Opportunities
5.3.1 New Applications and Markets
5.3.2 Competitive Advantage
5.3.3 Transport Applications
5.4 Threats
5.4.1 Consumer Opposition
5.4.2 Cyber Security
5.4.3 Lack of Financial Incentives
6. Expert Opinion
6.1 National Institution of Standards and Technology
6.1.1 Major Milestones
6.1.2 Interoperability Standards
6.1.3 Source of Funding
6.1.4 Regulation
6.1.5 Market Sectors
6.1.6 Evolution of Smart Grid
6.1.7 Regional Growth Markets
6.2 Power Plus Communications
6.2.1 Real Time Communications
6.2.2 Users of PPC's Systems
6.2.3 Interoperability Standards
6.2.4 Smart Grid Funding
6.2.5 Regulation
6.2.6 Savings for an Average Household
6.2.7 Smart Technology
6.2.8 Key Trends in the Smart Grid Market
6.2.9 Electric Vehicles
6.2.10 Drivers of Smart Grids
6.2.11 Restraints of Smart Grids
6.2.12 Opportunities for Growth
6.3 Echelon Corporation
6.3.1 Echelon's Smart Grid Involvement
6.3.2 Trust in the Smart Grid Technology
6.3.3 Key Trends in the Smart Grid Market
6.3.4 Echelon's Involvement with Third Parties
6.3.5 Regulation
6.3.6 Interoperability Standards
6.4 Stream Communications
6.4.1 Software Applications
6.4.2 Regional Growth for Smart Grids
6.4.3 Commercial Application
6.4.4 Interoperability Standards
6.5 S&C Electric Company
6.5.1 S&C Electric Involvement in Smart Grid Market
6.5.2 Smart Grid Stability and Flexibility
6.5.3 Opportunities for Growth of Smart Grid
7. Leading Companies in the Smart Grid Market
7.1 FAN/AMI
7.1.1 Aclara
7.1.2 Ambient Corporation
7.1.3 Arcadian Networks, Inc.
7.1.4 BPL Global Ltd.
7.1.5 Cisco Systems, Inc.
7.1.6 GridNet, Inc.
7.1.7 Silver Spring Networks
7.1.8 Trilliant Inc.
7.1.9 Tropos Networks Inc.
7.2 Grid Optimisation
7.2.1 ABB Ltd.
7.2.2 Cooper Power Systems Inc.
7.2.3 CURRENT Group LLC
7.2.4 GRIDiant Corporation
7.2.5 RuggedCom Inc.
7.2.6 S&C Electric Company
7.2.7 Schneider Electric S.A.
7.2.8 Siemens Energy
7.2.9 Telvent GIT S.A.
7.3 Smart Meter Manufacturers
7.3.1 Echelon Corporation
7.3.2 Elster Group SE
7.3.3 GE Energy
7.3.4 Iskraemeco, d.d.
7.3.5 Itron, Inc.
7.3.6 Landis+Gyr AG
7.3.7 Sensus Metering Systems
7.3.8 SmartSynch, Inc.
7.3.9 Enspiria Solutions
7.4 Meter Data Management
7.4.1 Ecologic Analytics, LLC
7.4.2 eMeter Corporation
7.4.3 Electralink Limited
7.4.4 Energate
7.4.5 OSIsoft
7.4.6 OPOWER
7.4.7 Powerit Solutions
7.5 Demand Response
7.5.1 Comverge, Inc.
7.5.2 Constellation Energy
7.5.3 EnerNOC, Inc.
7.5.4 GridPoint, Inc.
7.5.5 Google PowerMeter
7.5.6 Honeywell International Inc.
7.5.7 Viridity Energy Inc.
7.6 Systems Development & Integration
7.6.1 Accenture Ltd.
7.6.2 EnerNex Corporation
7.6.3 Hewlett-Packard Company (HP)
7.6.4 IBM
7.6.5 Logica
7.6.6 Oracle Corporation
7.6.7 iControl Networks
7.6.8 Power Plus Communications
8. Conclusions
8.1 Shifting Drivers and Restraints
8.2 Regulatory Change
8.3 A Role for Government
8.4 Leading Regional Smart Grid Markets
8.5 Medium-sized Regional Smart Grid Markets
8.6 Smaller Regional Smart Grid Markets
8.7 Smart Grid Submarkets
8.8 Concluding Observations on the Global Smart Grid Market
9. Glossary
List of Tables
Table 1.1 Drivers and Restraints of the Global Smart Grid Market
Table 3.1 Global Smart Grid Market Forecast 2011-2021 ($bn, AGR %)
Table 3.2 Global Smart Grid Market Forecast CAGR (%) 2011-2021, 2011-2016, and 2016-2021
Table 3.3 Driver and Restraints in the Global Smart Grid Market
Table 3.4 Global Smart Grid Submarket Forecasts (CAGR %) 2011-2016, 2016-2021, 2011-2021
Table 3.5 Smart Grid Sensors & Automation Submarket Forecast 2011-2021 ($bn, AGR %)
Table 3.6 Smart Grid Sensors & Automation Submarket Forecast CAGR (%) 2011-2021, 2011-2016, and 2016-2021
Table 3.7 Smart Grid IT Submarket Forecast 2011-2021 ($bn, AGR %)
Table 3.8 Smart Grid IT Submarket Forecast CAGR (%) 2011-2021, 2011-2016, and 2016-2021
Table 3.9 Smart Grid Communications Submarket Forecast 2011-2021 ($bn, AGR %)
Table 3.10 Smart Grid Communications Submarket Forecast CAGR (%) 2011-2021, 2011-2016, and 2016-2021
Table 3.11 Smart Grid AMI Submarket Forecast 2011-2021 ($bn, AGR %)
Table 3.12 Smart Grid AMI Submarket Forecast CAGR (%) 2011-2021, 2011-2016, and 2016-2021
Table 3.13 Smart Grid Other Submarket Forecast 2011-2021 ($bn, AGR %)
Table 3.14 Smart Grid Other Submarket Forecast CAGR (%) 2011-2021, 2011-2016, and 2016-2021
Table 4.1 Regional Smart Grid Market Forecast 2011-2021 ($bn, AGR %)
Table 4.2 North American Smart Grid Market Forecast 2011-2021 ($bn, AGR %)
Table 4.3 North American Smart Grid Market Forecast CAGR (%) 2011-2021, 2011-2016, and 2016-2021
Table 4.4 European Smart Grid Market Forecast 2011-2021 ($bn, AGR %)
Table 4.5 European Smart Grid Market Forecast CAGR (%) 2011-2021, 2011-2016, and 2016-2021
Table 4.6 Asia Pacific Smart Grid Market Forecast 2011-2021 ($bn, AGR %)
Table 4.7 Asia Pacific Smart Grid Market Forecast CAGR (%) 2011-2021, 2011-2016, and 2016-2021
Table 4.8 Latin American Smart Grid Market Forecast 2011-2021 ($bn, AGR %)
Table 4.9 Latin American Smart Grid Market Forecast CAGR (%) 2011-2021, 2011-2016, and 2016-2021
Table 4.10 Middle East & African Smart Grid Market Forecast 2011-2021 ($bn, AGR %)
Table 4.11 Middle East & African Smart Grid Market Forecast CAGR (%) 2011-2021, 2011-2016, and 2016-2021
Table 5.1 SWOT Analysis of the Smart Grid Market 2011-2021
Table 5.2 UK Government Smart Grid Funding
List of Figures
Figure 1.1 Comparative Regional Smart Grid Markets Size, 2011 ($bn)
Figure 1.2 Comparative Regional Smart Grid Markets CAGR, 2011-2021 (%)
Figure 2.1 Smart Grid Taxonomy
Figure 2.2 One-way 'Dumb' Grid Taxonomy
Figure 2.3 Loss of Electricity in OECD Countries (%)
Figure 2.4 Price of Oil, All Countries Spot Price 2000- 2011 ($/Barrel)
Figure 2.5 Planned Electricity Interconnections in Europe by 2020
Figure 2.6 World CO2 emissions from Electricity and Heat Generation 1990-2008 (grams/kWh)
Figure 2.7 US Sources of Electricity Forecast 1990-2020 (Trillion Kilowatt Hours)
Figure 2.8 Smart Grid Evolution
Figure 2.9 Smart Grid Optimization Gains, High, Medium & Low Voltages (%)
Figure 3.1 Global Smart Grid Market Forecast 2011-2021 ($bn)
Figure 3.2 World Electric Power Generation Vs Consumption (1990-2021)
Figure 3.3 Forecast Employment Growth Related to Smart Grid (thousands) 2009-2018
Figure 3.4 Global Smart Grid Submarket Forecasts 2011-2021 ($bn)
Figure 3.5 Smart Grid Sensors & Automation Submarket Forecast 2011-2021 ($bn)
Figure 3.6 Smart Grid IT Submarket Forecast 2011-2021 ($bn)
Figure 3.7 Smart Grid Communications Submarket Forecast 2011-2021 ($bn)
Figure 3.8 Smart Grid AMI Submarket Forecast 2011-2021 ($bn)
Figure 3.9 Smart Grid Other Submarket Forecast 2011-2021 ($bn)
Figure 3.10 Global Smart Grid Submarket Share by Technology 2011 (%)
Figure 3.11 Global Smart Grid Submarket Share by Technology 2016 (%)
Figure 3.12 Global Smart Grid Submarket Share by Technology 2021 (%)
Figure 4.1 Regional Smart Grid Market Forecast 2011-2021 ($bn)
Figure 4.2 Regional Smart Grid Market Share in 2011 (%)
Figure 4.3 Regional Smart Grid Market Share in 2016 (%)
Figure 4.4 Regional Smart Grid Market Share in 2021 (%)
Figure 4.5 North American Smart Grid Market Forecast 2011-2021 ($bn)
Figure 4.6 US 3-year rolling Electricity Consumptions Growth Rate (%)
Figure 4.7 European Smart Grid Market Forecast 2011-2021 ($bn)
Figure 4.8 Asia Pacific Smart Grid Market Forecast 2011-2021 ($bn)
Figure 4.9 Latin American Smart Grid Market Forecast 2011-2021 ($bn)
Figure 4.10 Middle East & African Market Forecast 2011-2021 ($bn)
Figure 5.1 US Renewable Energy Capacity Forecast 1990-2025 (Billion Kilowatt Hours)
Figure 5.2 UK Smart Grid Benefits Under Different Market Conditions ($bn)
Figure 5.3 Net Value of Smart Grid in 20 Years in UK Under Different Market Conditions ($bn)