LONDON–(BUSINESS WIRE)–Technavio has announced the top five leading vendors in their recent global
smart grid transmission and distribution equipment market report.
This research report also lists 10 other prominent vendors that are
expected to impact the market during the forecast period.
Competitive vendor landscape
The global smart grid TD market is characterized by the presence of
established vendors. In several regions, local or regional vendors
dominate the market, increasing the competition in the market. The
leading vendors in the market have a large portfolio of power
plant-related equipment and services, which can be customized according
to customer requirements. “These vendors also have high capital
resources and dedicated RD funds for developing new technologies. This
is a challenge for medium and small vendors who have fewer resources.
Several local and regional vendors provide good quality storage devices
at lower prices than the international vendors,” says Vishu Rai, a lead
analyst at Technavio for smart
grid.
The report further states that though several new vendors are emerging
in this market, they find it difficult to compete with the existing
vendors in terms of quality, functionalities, and services. The
competitive environment in this market is likely to further intensify
during the forecast period. International players are projected to grow
inorganically during the forecast period by acquiring or forging
partnerships with regional or local players.
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Top five smart grid transmission and distribution equipment market
vendors
ABB
ABB was founded in 1883 and is headquartered in Zurich, Switzerland. The
company provides power and automation technologies for utility,
transport, and infrastructure industries throughout the world.
ABB provides different equipment for smart grid distribution networks
such as smart meters, electric vehicle charging equipment, building
automation systems, low-voltage solar inverters, substation and feeder
automation, and high-efficiency distribution transformers. The most
advanced smart grid technologies offered by ABB are in electrical
transmission. It offers HVDC technology, which delivers long-distance
power with reduced power losses or outages, and connect power grids from
far-off places.
GE-Alstom Grid
Alstom Grid manufactures different power TD products and systems. The
company offers a diverse portfolio of power equipment and software
solutions for the transmission of electricity to customers, including,
industries, power generators (thermal and renewable), electrical
utilities, infrastructure and cities.
The company has implemented various strategic initiatives to expand its
smart grid TD business. In April 2014, the company along with other
solution providers has partnered with Pacific Gas Electric Company to
extend its collaboration into Phase II of PGE’s synchrophasor project
and Synchrophasor Technology Realization. Through this collaboration,
the company will deliver the e-terra integrated real-time synchrophasor
and energy management systems applications for production grade
synchrophasor project.
Prysmian
Prysmian was founded in 1879 and is headquartered in Milan, Italy. The
company offers cables in various sectors such as energy, telecom, and
systems industry. It provides underground and submarine power
transmission cables and systems, special cables for industrial
applications, and medium and low-voltage cables for the construction and
infrastructure sector.
Prysmian manufactures high and ultra-high voltage cables and systems for
submarine and underground transmissions. The passage is directly from
the generating station to the primary distribution grid system. The
company also offers advanced services for submarine power transmission
links for offshore wind farms, installation of cables with the help of
Cable Enterprise.
Schneider Electric
Schneider Electric was founded in 1836 and is headquartered in
Rueil-Malmaison, France. The company produces a wide range of equipment
and components for electricity distribution, energy management, and
automation management.
In FY2015, Schneider Electric entered into a partnership with Cisco to
provide advanced networking and control systems to its customers so as
to strengthen its position in the TD equipment market. In FY2015, the
company received a deal for the Green Sports Arena in Las Vegas, under
which it will design and install electrical systems, lighting, building
automation, security, gas, power, and water metering, and power
management.
Siemens
Siemens is a German multinational conglomerate with core activities in
the fields of energy, healthcare, industry, and infrastructure. The
company focuses on the areas of electrification, automation, and
digitalization. It is one the largest producers of energy-efficient and
resource-saving technologies, as it supplies systems for power
generation, transmission and medical diagnosis.
Siemens offers wide range of portfolio of power transmission solutions,
high-voltage switching products, and systems for power and distribution
transformers. The company provides diverse range of smart grid TD
equipments such as HVDC, jDiff, SDFA, and recloser.
Browse Related Reports:
Global
Smart Grid Networking Market 2015-2019
Smart
Grid Equipment in the US – Market Research 2015-2019
Global
Advanced Distribution Management System Market 2015-2019
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About Technavio
Technavio
is a leading global technology research and advisory company. The
company develops over 2000 pieces of research every year, covering more
than 500 technologies across 80 countries. Technavio has about 300
analysts globally who specialize in customized consulting and business
research assignments across the latest leading edge technologies.
Technavio analysts employ primary as well as secondary research
techniques to ascertain the size and vendor landscape in a range of
markets. Analysts obtain information using a combination of bottom-up
and top-down approaches, besides using in-house market modeling tools
and proprietary databases. They corroborate this data with the data
obtained from various market participants and stakeholders across the
value chain, including vendors, service providers, distributors,
re-sellers, and end-users.
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