COVID-19 Impact on Smart Grid Market - Global Forecast to 2021

Table of Content

1 INTRODUCTION 10
1.1 COVID-19 HEALTH ASSESSMENT 10
1.2 COVID-19 ECONOMIC ASSESSMENT 12
1.2.1 COVID-19 IMPACT ON THE ECONOMY: SCENARIO ASSESSMENT 13

2 IMPACT OF COVID-19 ON THE SMART GRID ECOSYSTEM 16
2.1 VALUE CHAIN OF THE SMART GRID INDUSTRY 16
2.2 IMPACT ON THE VALUE CHAIN 16
2.2.1 GENERATION 16
2.2.2 TRANSMISSION 17
2.2.3 DISTRIBUTION 17
2.2.4 EPC 17
2.2.5 MANUFACTURERS/OEMS 18
2.2.6 SERVICE PROVIDERS 18
2.3 MACROECONOMIC INDICATORS 18
2.3.1 DRIVERS 18
2.3.1.1 Modernization of aging grid infrastructure 18
2.3.1.2 Improved grid reliability and efficient outage response 19
2.3.2 RESTRAINTS 19
2.3.2.1 High initial cost for the deployment of smart grid
technology solutions 19
2.3.2.2 Lack of standards and interoperability 19

3 CUSTOMER ANALYSIS 21
3.1 SHIFT IN TRANSMISSION & DISTRIBUTION 21
3.1.1 DISRUPTION IN THE INDUSTRY 21
3.1.2 IMPACT IN CUSTOMERS’ OUTPUT & STRATEGIES TO
RESUME/IMPROVE PRODUCTION 21
3.1.3 IMPACT ON SUPPLY CHAIN 22
3.1.4 NEW MARKET OPPORTUNITIES AND KEY INITIATIVES TO REDUCE THE IMPACT 22
3.2 SHIFT IN GENERATION 22
3.2.1 DISRUPTION IN THE INDUSTRY 23
3.2.2 IMPACT IN CUSTOMERS’ OUTPUT AND STRATEGIES TO
RESUME/IMPROVE PRODUCTION 23
3.2.3 IMPACT ON SUPPLY CHAIN 23
3.2.4 NEW MARKET OPPORTUNITIES AND KEY INITIATIVES TO REDUCE THE IMPACT 24

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4 SHORT-TERM STRATEGIES OF SMART GRID COMPANIES DUE TO
THE COVID-19 OUTBREAK 25
4.1 IMPACT ON SOFTWARE COMPANIES’ PORTFOLIO 25
4.2 IMPACT ON HARDWARE COMPANIES’ PORTFOLIO 26
4.3 IMPACT ON SERVICES COMPANIES’ PORTFOLIO 27
4.4 WINNING STRATEGIES TO GAIN MARKET SHARE 27
4.4.1 SHORT-TERM STRATEGIES 27
4.4.2 MID-TERM STRATEGIES 28
4.4.3 LONG-TERM STRATEGIES 28
4.5 KEY COMPANIES AND THEIR BUSINESS PLANS 28

5 IMPACT OF COVID-19 ON THE SMART GRID MARKET 30
5.1 SMART GRID MARKET, BY SOFTWARE 30
5.1.1 ADVANCED METER INFRASTRUCTURE 31
5.1.2 SMART GRID DISTRIBUTION MANAGEMENT 31
5.1.3 SMART GRID NETWORK MANAGEMENT 32
5.1.4 GRID ASSET MANAGEMENT 33
5.1.5 SUBSTATION AUTOMATION 34
5.1.6 SMART GRID SECURITY 35
5.1.7 BILLING AND CUSTOMER INFORMATION SYSTEM 35
5.2 SMART GRID MARKET, BY HARDWARE 36
5.2.1 SMART METER 36
5.3 SMART GRID MARKET, BY SERVICE 37
5.3.1 CONSULTING 38
5.3.2 DEPLOYMENT AND INTEGRATION 38
5.3.3 SUPPORT AND MAINTENANCE 39

6 IMPACT OF COVID-19 ON THE SMART GRID MARKET, BY REGION 41
6.1 INTRODUCTION 41
6.1.1 OPTIMISTIC SCENARIO 41
6.1.2 REALISTIC SCENARIO 42
6.1.3 PESSIMISTIC SCENARIO 42
6.2 NORTH AMERICA 43
6.2.1 BY COMPONENT 44
6.2.2 BY COUNTRY 45
6.3 EUROPE 45
6.3.1 BY COMPONENT 47
6.3.2 BY COUNTRY 47
6.4 ASIA PACIFIC 47
6.4.1 BY COMPONENT 49
6.4.2 BY COUNTRY 50
6.5 SOUTH AMERICA 50
6.5.1 BY COMPONENT 51
6.5.2 BY COUNTRY 52
6.6 MIDDLE EAST & AFRICA 52
6.6.1 BY COMPONENT 54
6.6.2 BY COUNTRY 54

7 APPENDIX 55
7.1 KNOWLEDGE STORE 55
7.2 AUTHOR DETAILS 57

List of Figures

FIGURE 1 COVID-19: THE GLOBAL PROPAGATION 10
FIGURE 2 COVID-19 PROPAGATION: SELECTED COUNTRIES 11
FIGURE 3 COUNTRIES BEGIN WITH SIMILAR TRAJECTORIES, BUT CURVES DEVIATE
BASED ON MEASURES TAKEN 11
FIGURE 4 REVISED GDP FORECASTS FOR SELECT G20 COUNTRIES IN 2020 12
FIGURE 5 CRITERIA IMPACTING THE GLOBAL ECONOMY 13
FIGURE 6 SCENARIOS IN TERMS OF RECOVERY OF THE GLOBAL ECONOMY 14
FIGURE 7 SMART GRID VALUE CHAIN 16
FIGURE 8 IMPACT OF COVID-19 ON THE UK POWER SECTOR 24
FIGURE 9 REGIONAL IMPACT OF COVID-19 ON SOFTWARE COMPANIES 25
FIGURE 10 REGIONAL IMPACT OF COVID-19 ON HARDWARE COMPANIES 26
FIGURE 11 REGIONAL IMPACT OF COVID-19 ON SERVICES COMPANIES 27
FIGURE 12 PROJECTED MARKET SHARE, SMART GRID MARKET, BY SOFTWARE 2023: BEFORE COVID-19 30
FIGURE 13 PROJECTED MARKET SHARE, SMART GRID MARKET, BY SERVICE 2023: BEFORE COVID-19 38

List of Tables

TABLE 1 EXPECTED EFFECT OF COVID-19 ON ADVANCED METER INFRASTRUCTURE PROMINENT PLAYERS 31
TABLE 2 EXPECTED EFFECT OF COVID-19 ON SMART GRID DISTRIBUTION MANAGEMENT PROMINENT PLAYERS 32
TABLE 3 EXPECTED EFFECT OF COVID-19 ON SMART GRID NETWORK MANAGEMENT PROMINENT PLAYERS 33
TABLE 4 EXPECTED EFFECT OF COVID-19 ON GRID ASSET MANAGEMENT
PROMINENT PLAYERS 34
TABLE 5 EXPECTED EFFECT OF COVID-19 ON SUBSTATION AUTOMATION
PROMINENT PLAYERS 34
TABLE 6 EXPECTED EFFECT OF COVID-19 ON SMART GRID SECURITY PROMINENT PLAYERS 35
TABLE 7 EXPECTED EFFECT OF COVID-19 ON BILLING AND CUSTOMER INFORMATION SYSTEM PROMINENT PLAYERS 35
TABLE 8 SOFTWARE: SMART GRID MARKET SIZE, BY REGION, 2019–2021 (USD MILLION) 36
TABLE 9 EXPECTED EFFECT OF COVID-19 ON PROMINENT PLAYERS, BY HARDWARE 37
TABLE 10 HARDWARE: SMART GRID MARKET SIZE, BY REGION, 2019–2021 (USD MILLION) 37
TABLE 11 EXPECTED EFFECT OF COVID-19 ON CONSULTING PROMINENT PLAYERS 38
TABLE 12 EXPECTED EFFECT OF COVID-19 ON DEPLOYMENT AND INTEGRATION
PROMINENT PLAYERS 39
TABLE 13 EXPECTED EFFECT OF COVID-19 ON SUPPORT AND MAINTENANCE
PROMINENT PLAYERS 39
TABLE 14 SERVICES: SMART GRID MARKET SIZE, BY REGION, 2019–2021 (USD MILLION) 40
TABLE 15 OPTIMISTIC SCENARIO: SMART GRID MARKET SIZE, BY REGION 2019–2021 (USD MILLION) 41
TABLE 16 REALISTIC SCENARIO: SMART GRID MARKET SIZE, BY REGION 2019–2021 (USD MILLION) 42
TABLE 17 PESSIMISTIC SCENARIO: SMART GRID MARKET SIZE, BY REGION 2019–2021 (USD MILLION) 43
TABLE 18 NORTH AMERICA: COVID-19 IMPACT ON KEY SECTORS AND GDP DEVIATIONS 44
TABLE 19 NORTH AMERICA: SMART GRID MARKET SIZE, BY COMPONENT 2019–2021 (USD MILLION) 44
TABLE 20 NORTH AMERICA: SMART GRID MARKET SIZE, BY COUNTRY 2019–2021 (USD MILLION) 45
TABLE 21 EUROPE: COVID-19 IMPACT ON KEY SECTORS AND GDP DEVIATIONS 46
TABLE 22 EUROPE: SMART GRID MARKET SIZE, BY COMPONENT 2019–2021 (USD MILLION) 47
TABLE 23 EUROPE: SMART GRID MARKET SIZE, BY COUNTRY, 2019–2021 (USD MILLION) 47
TABLE 24 ASIA PACIFIC: COVID-19 IMPACT ON KEY SECTORS AND GDP DEVIATIONS 49
TABLE 25 ASIA PACIFIC: SMART GRID MARKET SIZE, BY COMPONENT 2019–2021 (USD MILLION) 49
TABLE 26 ASIA PACIFIC: SMART GRID MARKET SIZE, BY COUNTRY 2019–2021 (USD MILLION) 50
TABLE 27 SOUTH AMERICA: COVID-19 IMPACT ON KEY SECTORS AND GDP DEVIATIONS 51
TABLE 28 SOUTH AMERICA: SMART GRID MARKET SIZE, BY COMPONENT 2019–2021 (USD MILLION) 51
TABLE 29 SOUTH AMERICA: SMART GRID MARKET SIZE, BY COUNTRY 2019–2021 (USD MILLION) 52
TABLE 30 MIDDLE EAST & AFRICA: COVID-19 IMPACT ON KEY SECTORS
AND GDP DEVIATIONS 53
TABLE 31 MIDDLE EAST & AFRICA: SMART GRID MARKET SIZE, BY COMPONENT 2019–2021 (USD MILLION) 54
TABLE 32 MIDDLE EAST & AFRICA: SMART GRID MARKET SIZE, BY COUNTRY 2019–2021 (USD MILLION) 54