WASHINGTON /PRNewswire/ — Across 35 emerging market countries, there are more than 400 vendors vying for the more than $66 billion smart grid market opportunity by 2023. Among these 400 vendors, the number of local-based vendors active in smart grid projects currently exceeds the number of large international vendors, signaling an opening up of the smart grid vendor landscape. A new study from Northeast Group – Emerging Markets Smart Grid: Vendor Analysis – highlights this growing trend as well as the increasing level of collaboration between international and local-based vendors. Among the local vendors, over 160 of them based in Central & Eastern Europe, Eurasia, Latin America, Middle East & North Africa, South Africa, and Southeast Asia are well positioned in the smart grid market. Of these, over 25% are already active in significant smart grid projects.
“The smart metering market alone is expected to cumulatively reach $66.3 billion in emerging markets by 2023,” said Northeast Group. “It is not surprising that emerging market-based companies are rising to meet this demand. Local vendors are often best positioned to understand the unique characteristics of specific smart grid markets, which can vary greatly from region to region. These vendors are proving to be invaluable partners for international vendors and several of them are also capable of carrying out large-scale projects on their own.”
International smart grid vendors have taken note of the market opportunity in emerging markets. Of the leading smart metering, distribution automation, IT, home energy management and professional services vendors, nearly all already have a significant presence in emerging markets, and over 10% already have offices in all 35 countries covered in this study. On average, leading international vendors currently have between three to five emerging market partners, which help them in a number of ways, from gaining local market insight to avoiding potential tariff barriers.
“As smart grid markets in North America and Western Europe mature, the leading vendors are looking for growth opportunities in emerging markets. International vendors have already deployed nearly 3.5 million smart meters in emerging markets, with plans for millions more. The rise of emerging market-based local vendors is more likely to lead to increased partnerships rather than a significant loss in market share for the leading international vendors in most markets.”
These market dynamics could also lead to an increase in mergers and acquisitions in the smart grid sector in emerging market countries. M&A activity is forecast to level off in the more developed smart grid markets after a flurry of activity over the past couple of years. Leading smart grid vendors with sufficient capital could look to acquire emerging market-based vendors, who often own technologies and capabilities well suited to local markets. There have already been approximately a dozen significant acquisitions of emerging market-based smart grid vendors in recent years.
Northeast Group’s study found that vendors in the smart grid market vary in terms of size—ranging from less than 10 employees to well over 1,000—and segment, covering smart metering, distribution automation, IT, home energy management and professional services. The study provides detailed analysis of the leading 40 emerging market-based vendors already active in smart grid projects, and an assessment of over 120 additional vendors based on company capacity, business partnerships, and product development.
“Emerging Markets Smart Grid: Vendor Analysis” is over 100 pages long and includes over 55 unique charts, tables and graphics. A total of over 400 vendors from both developed and emerging market countries are identified in the study. To order a copy of the study, please visit our website at: www.northeast-group.com or email Ben Gardner at: ben.gardner@northeast-group.com
ABOUT: Northeast Group, LLC is a Washington, DC-based smart grid market intelligence firm. Our research is focused on the smart grid opportunity in emerging market countries.
Key questions addressed in this study:
- Which are the leading emerging market-based smart grid vendors and where do they have active projects?
- Which international smart grid vendors are currently leading in emerging markets? What are their market shares in smart metering?
- What major partnerships have there been between international and emerging market-based smart grid vendors? What major mergers and acquisitions?
- What is the market opportunity for specific smart grid segments in emerging markets?
- What are the characteristics of the more than 160 emerging market-based vendors currently positioned to operate in the smart grid market?
| Table of Contents | |
| i. Executive Summary | 1 |
| ii. Methodology | 6 |
| 1. Introduction | 8 |
| 1.1 Smart grid overview | 8 |
| 1.2 The case for emerging markets | 14 |
| 1.3 Emerging markets smart grid market forecast | 16 |
| 2. Detailed smart grid segment analysis | 19 |
| 2.1 AMI | 19 |
| 2.1.1 Meter hardware | 19 |
| 2.1.2 Communications options | 20 |
| 2.1.3 IT: MDMS and links to CIS | 25 |
| 2.1.4 Professional services | 26 |
| 2.2 Wide area measurement | 27 |
| 2.3 Distribution automation | 27 |
| 2.3.1 Overview of DA in emerging markets | 28 |
| 2.3.2 Substation automation and SCADA vendors | 29 |
| 2.3.3 Advanced distribution automation vendors | 30 |
| 2.4 Home energy management | 34 |
| 2.4.1 Home area networks | 34 |
| 2.4.2 Distributed generation | 35 |
| 2.4.3 Electric vehicle supply equipment | 36 |
| 3. International smart grid vendors | 38 |
| 3.1 Overview of international vendor presence in emerging markets | 40 |
| 3.2 Partnerships and mergers & acquisitions | 41 |
| 3.2.1 Mergers and acquisitions | 41 |
| 3.2.2 Partnerships | 43 |
| 3.3 Leading international smart grid vendors | 44 |
| 3.3.1 AMI | 44 |
| 3.3.2 Distribution automation | 50 |
| 4. Emerging market-based smart grid vendors | 53 |
| 4.1 Characteristics of emerging market-based vendors | 55 |
| 4.2 Emerging market-based vendors already active in smart grid projects | 58 |
| 4.2.1 Central & Eastern Europe | 59 |
| 4.2.2 Eurasia | 64 |
| 4.2.3 Latin America | 67 |
| 4.2.4 Middle East & North Africa | 74 |
| 4.2.5 Southeast Asia | 78 |
| 4.2.6 Others: South Africa and Turkey | 81 |
| 8.3 Additional emerging market-based smart grid vendors | 83 |
| 5. Conclusion | 87 |
| 6. Appendix | 88 |
| 6.1 List of abbreviations and acronyms | 88 |
| 6.2 List of all vendors covered in this report | 89 |
| List of Figures, Boxes, and Tables | |
| Emerging markets smart grid vendor analysis: key takeaways | 2 |
| Leading international vendors active in emerging markets smart grid projects | 3 |
| Leading emerging market-based smart grid vendors | 4 |
| Emerging market-based vendors active in smart grid projects | 5 |
| Figure 1.1: Smart grid value chain | 8 |
| Figure 1.2: Smart grid model highlighting focus in emerging markets | 9 |
| Figure 1.3: Emerging markets smart meter potential | 15 |
| Table 1.1: AMI forecast data | 17 |
| Figure 1.4: Emerging markets AMI forecast by market segment | 18 |
| Table 2.1: Emerging market-based AMI solution providers | 20 |
| Table 2.1: Emerging market-based meter hardware providers | 21 |
| Table 2.1: Emerging market-based AMI/DA communications technology providers | 21 |
| Figure 2.1: Meters deployed in emerging markets by communications technology | 22 |
| Figure 2.2: Investment in AMI meters in emerging markets by communications | 22 |
| Table 2.4: Communications technologies | 23 |
| Table 2.5: Leading telecom providers in emerging markets | 25 |
| Table 2.6: Emerging market-based IT providers | 26 |
| Table 2.7: Emerging market-based professional services providers | 26 |
| Figure 2.3: Substation and distribution automation in emerging markets | 28 |
| Table 2.8: Emerging market-based substation automation/SCADA providers | 30 |
| Table 2.9: Emerging market-based distribution automation components providers | 31 |
| Table 2.10: Types of electric vehicle incentives | 35 |
| Figure 3.1: Countries with most international-based smart grid vendors | 38 |
| Table 3.1: Leading international vendors active in emerging markets projects | 39 |
| Figure 3.2: Countries with most vendors active in smart grid projects | 40 |
| Table 3.2: Major emerging market smart grid acquisitions | 42 |
| Figure 3.3: Major emerging market smart grid acquisitions | 43 |
| Table 3.3: Emerging market partners of leading smart grid vendors | 44 |
| Figure 3.4: Examples of smart grid partnerships in emerging markets | 45 |
| Table 3.4: Leading international smart meter hardware vendors | 46 |
| Figure 3.5: Market share of leading AMI full solution providers in emerging markets | 47 |
| Figure 3.6: Market share of AMI vendors in emerging markets, excluding Brazil | 47 |
| Figure 3.7: Locations of smart metering projects by vendor | 48 |
| Figure 4.1: Countries with most emerging market-based vendors | 53 |
| Table 4.1: Leading emerging market-based smart grid vendors | 54 |
| Figure 4.2: Number of emerging market-based vendors by market segment | 55 |
| Figure 4.3: Number of emerging market-based vendors by region | 56 |
| Figure 4.4: Number of emerging market-based vendors by size and activity | 56 |
| Figure 4.5: Number of emerging market-based vendors by size and segment | 57 |
| Figure 4.6: Percentage of vendors with partnerships | 57 |
| Figure 4.7: Large smart grid vendors already active in emerging markets | 58 |
| Figure 4.8: Emerging market-based vendors active in smart grid projects | 59 |
| Figure 4.9: Cities with leading smart grid vendors in CEE, Turkey, and Ukraine | 60 |
| Figure 4.10: Number of CEE-based vendors by size and segment | 60 |
| Table 4.2: Other leading smart grid vendors in Central & Eastern Europe | 63 |
| Figure 4.11: Number of Eurasia-based vendors by size and segment | 64 |
| Table 4.3: Other leading smart grid vendors in Eurasia | 66 |
| Figure 4.12: Cities with leading smart grid vendors in Latin America | 67 |
| Figure 4.13: Number of Latin America-based vendors by size and segment | 67 |
| Table 4.4: Other leading smart grid vendors in Latin America | 73 |
| Figure 4.14: Cities with leading smart grid vendors in MENA | 74 |
| Figure 4.15: Number of MENA-based vendors by size and segment | 74 |
| Table 4.4: Other leading smart grid vendors in Middle East & North Africa | 77 |
| Figure 4.16: Cities with leading smart grid vendors in Southeast Asia | 78 |
| Figure 4.17: Number of Southeast Asia-based vendors by size and segment | 78 |
| Table 4.5: Other leading smart grid vendors in Southeast Asia | 81 |
| Figure 4.18: Number of South Africa/Turkey-based vendors by size and segment | 81 |
| Table 4.6: Other leading smart grid vendors in South Africa and Turkey | 82 |
| Table 4.7: Additional vendors poised for smart grid projects | 83 |
| Table 6.1: List of vendors covered in this report | 89 |
SOURCE Northeast Group, LLC