North America Smart Energy Market 2020-2027 by Component (Hardware & Equipment, Solution & Service), Product Type (Smart Grid, Digital Oilfield, Smart Solar), End Use (Residential,
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North America smart energy market is expected to grow by 16.4% annually in the forecast period and reach $270.7 billion by 2027 driven by the rising adoption of smart grid technologies, increasing regulations on using energy-efficient equipment, and the growing demand for clean energy.
Highlighted with 20 tables and 31 figures, this 79-page report “North America Smart Energy Market 2020-2027 by Component (Hardware & Equipment, Solution & Service), Product Type (Smart Grid, Digital Oilfield, Smart Solar), End Use (Residential, Commercial, Industrial), and Country: Trend Outlook and Growth Opportunity” is based on a comprehensive research of the entire North America smart energy market and all its sub-segments through extensively detailed classifications. Profound analysis and assessment are generated from premium primary and secondary information sources with inputs derived from industry professionals across the value chain. The report is based on studies on 2017-2019 and provides estimate/forecast from 2020 till 2027 with 2019 as the base year. (Please note: The report will be updated before delivery so that the latest historical year is the base year and the forecast covers at least 5 years over the base year.)
In-depth qualitative analyses include identification and investigation of the following aspects:
• Market Structure
• Growth Drivers
• Restraints and Challenges
• Emerging Product Trends & Market Opportunities
• Porter’s Fiver Forces
The trend and outlook of North America market is forecast in optimistic, balanced, and conservative view by taking into account of COVID-19. The balanced (most likely) projection is used to quantify North America smart energy market in every aspect of the classification from perspectives of Component, Product Type, End Use, and Country.
Based on Component, the North America market is segmented into the following sub-markets with annual revenue for 2017-2027 included in each section.
• Hardware & Equipment
• Solution & Service
Based on Product Type, the North America market is segmented into the following sub-markets with annual revenue for 2017-2027 included in each section.
• Smart Grid
• Digital Oilfield
• Smart Solar
• Smart Home Energy Management System
• Other Products
Based on End Use, the North America market is segmented into the following sub-markets with annual revenue for 2017-2027 included in each section.
• Residential Use
• Commercial Use
• Industrial Use
Geographically, the following national/local markets are fully investigated:
• U.S.
• Canada
• Mexico
For each key country, detailed analysis and data for annual revenue are available for 2017-2027. The breakdown of key national markets by Component, Product Type, and End Use over the forecast years are also included.
The report also covers current competitive scenario and the predicted trend; and profiles key vendors including market leaders and important emerging players.
Key Players (this may not be a complete list and extra companies can be added upon request):
ABB Ltd.
Elster Group SE
General Electric Company
Honeywell International Inc.
International Business Machines Corp.
Itron, Inc.
Landis+Gyr AG
Robert Bosch GmbH
S&T Smart Energy
Schneider Electric SE
Sensus
Siemens AG
Solar Grid Storage LLC
(Please note: The report will be updated before delivery so that the latest historical year is the base year and the forecast covers at least 5 years over the base year.)
1 Introduction 5
1.1 Industry Definition and Research Scope 5
1.1.1 Industry Definition 5
1.1.2 Research Scope 6
1.2 Research Methodology 9
1.2.1 Overview of Market Research Methodology 9
1.2.2 Market Assumption 10
1.2.3 Secondary Data 10
1.2.4 Primary Data 10
1.2.5 Data Filtration and Model Design 11
1.2.6 Market Size/Share Estimation 12
1.2.7 Research Limitations 13
1.3 Executive Summary 14
2 Market Overview and Dynamics 16
2.1 Market Size and Forecast 16
2.1.1 Impact of COVID-19 on World Economy 17
2.1.2 Impact of COVID-19 on the Market 19
2.2 Major Growth Drivers 21
2.3 Market Restraints and Challenges 24
2.4 Emerging Opportunities and Market Trends 27
2.5 Porter’s Fiver Forces Analysis 31
3 Segmentation of North America Market by Component 35
3.1 Market Overview by Component 35
3.2 Hardware & Equipment 37
3.3 Solution & Service 38
4 Segmentation of North America Market by Product Type 39
4.1 Market Overview by Product Type 39
4.2 Smart Grid 41
4.3 Digital Oilfield 42
4.4 Smart Solar 43
4.5 Smart Home Energy Management System 44
4.6 Other Products 45
5 Segmentation of North America Market by End Use 46
5.1 Market Overview by End Use 46
5.2 Residential Use 48
5.3 Commercial Use 49
5.4 Industrial Use 50
6 North America Market 2020-2027 by Country 51
6.1 Overview of North America Market 51
6.2 U.S. 54
6.3 Canada 57
6.4 Mexico 59
7 Competitive Landscape 61
7.1 Overview of Key Vendors 61
7.2 New Product Launch, Partnership, Investment, and M&A 64
7.3 Company Profiles 65
ABB Ltd. 65
Elster Group SE 67
General Electric Company 68
Honeywell International Inc. 69
International Business Machines Corp. 70
Itron, Inc. 71
Landis+Gyr AG 72
Robert Bosch GmbH 73
S&T Smart Energy 74
Schneider Electric SE 75
Sensus 76
Siemens AG 77
Solar Grid Storage LLC 78
Related Reports and Products 79
List of Tables:
Table 1. Snapshot of North America Smart Energy Market in Balanced Perspective, 2020-2027 15
Table 2. Growth Rate of World GDP, 2020-2022 18
Table 3. Main Product Trends and Market Opportunities in North America Smart Energy Market 27
Table 4. North America Smart Energy Market by Component, 2017-2027, $ bn 35
Table 5. North America Smart Energy Market by Product Type, 2017-2027, $ bn 39
Table 6. North America Smart Energy Market by End Use, 2017-2027, $ bn 46
Table 7. North America Smart Energy Market by Country, 2017-2027, $ bn 52
Table 8. U.S. Smart Energy Market by Component, 2017-2027, $ bn 56
Table 9. U.S. Smart Energy Market by Product Type, 2017-2027, $ bn 56
Table 10. U.S. Smart Energy Market by End Use, 2017-2027, $ bn 56
Table 11. Canada Smart Energy Market by Component, 2017-2027, $ bn 58
Table 12. Canada Smart Energy Market by Product Type, 2017-2027, $ bn 58
Table 13. Canada Smart Energy Market by End Use, 2017-2027, $ bn 58
Table 14. Mexico Smart Energy Market by Component, 2017-2027, $ bn 60
Table 15. Mexico Smart Energy Market by Product Type, 2017-2027, $ bn 60
Table 16. Mexico Smart Energy Market by End Use, 2017-2027, $ bn 60
Table 17. ABB Ltd.: Company Snapshot 65
Table 18. ABB Ltd.: Business Segmentation 65
Table 19. ABB Ltd.: Product Portfolio 66
Table 20. ABB Ltd.: Revenue, 2017-2019, $ bn 66
List of Figures:
Figure 1. Research Method Flow Chart 9
Figure 2. Bottom-up Approach and Top-down Approach for Market Estimation 12
Figure 3. North America Market Forecast in Optimistic, Conservative and Balanced Perspectives, 2020-2027 14
Figure 4. North America Smart Energy Market, 2017-2027, $ bn 16
Figure 5. Impact of COVID-19 on Business 19
Figure 6. Primary Drivers and Impact Factors of North America Smart Energy Market 21
Figure 7. Primary Restraints and Impact Factors of North America Smart Energy Market 24
Figure 8. Investment Opportunity Analysis 28
Figure 9. Porter’s Fiver Forces Analysis of North America Smart Energy Market 31
Figure 10. Breakdown of North America Smart Energy Market by Component, 2020-2027, % of Revenue 35
Figure 11. Contribution to North America 2021-2027 Cumulative Revenue by Component, Value ($ bn) and Share (%) 36
Figure 12. North America Smart Energy Market: Hardware & Equipment, 2017-2027, $ bn 37
Figure 13. North America Smart Energy Market: Solution & Service, 2017-2027, $ bn 38
Figure 14. Breakdown of North America Smart Energy Market by Product Type, 2020-2027, % of Revenue 39
Figure 15. Contribution to North America 2021-2027 Cumulative Revenue by Product Type, Value ($ bn) and Share (%) 40
Figure 16. North America Smart Energy Market: Smart Grid, 2017-2027, $ bn 41
Figure 17. North America Smart Energy Market: Digital Oilfield, 2017-2027, $ bn 42
Figure 18. North America Smart Energy Market: Smart Solar, 2017-2027, $ bn 43
Figure 19. North America Smart Energy Market: Smart Home Energy Management System, 2017-2027, $ bn 44
Figure 20. North America Smart Energy Market: Other Products, 2017-2027, $ bn 45
Figure 21. Breakdown of North America Smart Energy Market by End Use, 2020-2027, % of Revenue 46
Figure 22. Contribution to North America 2021-2027 Cumulative Revenue by End Use, Value ($ bn) and Share (%) 47
Figure 23. North America Smart Energy Market: Residential Use, 2017-2027, $ bn 48
Figure 24. North America Smart Energy Market: Commercial Use, 2017-2027, $ bn 49
Figure 25. North America Smart Energy Market: Industrial Use, 2017-2027, $ bn 50
Figure 26. Breakdown of North America Smart Energy Market by Country, 2020 and 2027, % of Revenue 52
Figure 27. Contribution to North America 2021-2027 Cumulative Revenue by Country, Value ($ bn) and Share (%) 53
Figure 28. U.S. Smart Energy Market, 2017-2027, $ bn 55
Figure 29. Canada Smart Energy Market, 2017-2027, $ bn 57
Figure 30. Smart Energy Market in Mexico, 2017-2027, $ bn 59
Figure 31. Growth Stage of North America Smart Energy Industry over the Forecast Period 61