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 T&D 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 R&D 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 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.
Alstom Grid manufactures different power T&D 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 T&D 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 PG&E’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 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 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 T&D 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 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 T&D 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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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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