South Africa Smart Grid Network Market Size, Growth | 2031
South Africa Smart Grid Network Market Size, Growth | 2031
Segments - South Africa Smart Grid Network Market by Technology Application Area (Transmission, Demand Response, Advanced Metering Infrastructure (AMI), and Others) -Industry Analysis, Growth, Share, Size, Trends, and Forecast 2023 – 2031
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| Report ID :EP-1766
| 4.6 Rating
| 54 Reviews
| 187 Pages
| Format :
Report Description
The South Africa smart grid network market size was USD XX Billion in 2022 and is likely to reach USD XX Billion by 2031, expanding at a CAGR of 3% during 2023–2031. The growth of the market is attributed to smart grid vision and renewable energy in this region.
South Africa introduced a Smart grid vision to define a standard national blueprint for the smart grid before industry stakeholders and participants commit to an investment program of this magnitude and complexity. South African National Energy Development Institution is a separate body working with industry to provide policy inputs, address the gaps in standards, and the deployment and application of technology in smart grid deployment. Furthermore, with the development of renewable energy sources, installed capacity of more than 2700 MW in 2014 and 6167 MW by the end of 2019, the demand for the smart grid has increased. With further renewable growth in the forecast period, the market is expected to grow significantly.
The Covid-19 pandemic had an adverse impact on the South Africa smart grid network market. The production and supply in the market has been on halt owing to lockdown; however, the government’s steps and strategies have helped to neutralised the situation. This pandemic has encouraged the key players to implement advance technologies to overcome these challenges and expand the market growth.
South Africa Smart Grid Network Market Trends, Drivers, Restraints, and Opportunities
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Increasing investment and deployment of smart grid technologies such as intelligent transmission lines, smart meters, and others are anticipated to drive the market during the forecast period.
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Applications such as improving the collection of revenue for electricity and addressing electricity theft in low-income areas are expected to propel the market in coming years.
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Low accessibility to power in underdeveloped regions is projected to impede the market growth.
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Huge investment required to develop new grid structure for upcoming renewable projects is anticipated to hinder the market growth.
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R&D investment and technological advancement in South Africa smart grid network market are expected to offer lucrative opportunities for the market players.
Scope of South Africa Smart Grid Network Market Report
The report on South Africa smart grid network market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
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Attributes |
Details |
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Report Title |
South Africa Smart Grid Network Market –Industry Analysis, Growth, Share, Size, Trends, and Forecast |
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Base Year |
2022 |
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Historic Data |
2016–2021 |
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Forecast Period |
2023–2031 |
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Segmentation |
Technology Application Area (Transmission, Demand Response, Advanced Metering Infrastructure (AMI), and Others) |
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Report Coverage |
Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast |
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Key Players Covered in the Report |
Honeywell International Inc; General Electric Company; Eskom Holdings SOC Ltd; Itron Inc; and Schneider Electric SE |
South Africa Smart Grid Network Market Segment insights
The advanced metering infrastructure (AMI) segment is projected to constitute a large market share
Based on technology application area, South Africa smart grid network market is segregated into transmission, demand response, advanced metering infrastructure (AMI), and others. The advanced metering infrastructure (AMI) segment is expected to account for a key share of the market during the forecast period owing to increasing efforts to modernize the electricity grid and reduce transmission and distribution losses, the government is investing in advanced metering infrastructure. Advanced metering infrastructure (AMI) or smart metering is an integrated system of smart meters, communications networks, and data management systems that enables two-way communication between utilities and customers.
Segments
The South Africa smart grid network market has been segmented on the basis of
Technology Application Area
- Transmission
- Demand Response
- Advanced Metering Infrastructure (AMI)
- Others
Key Companies
- Honeywell International Inc
- General Electric Company
- Eskom Holdings SOC Ltd
- Itron Inc
- Schneider Electric SE
Competitive Landscape
Key players competing in the South Africa smart grid network market include Honeywell International Inc; General Electric Company; Eskom Holdings SOC Ltd; Itron Inc; and Schneider Electric SE
Some of these players are using several market strategies such as mergers, acquisitions, partnerships, collaborations, capacity expansion, and product launches to enhance their market shares.
Frequently Asked Questions
The report covers the forecast period from 2023 to 2031, with historic data from 2016 to 2021 and a base year of 2022.
The South African National Energy Development Institution collaborates with industry stakeholders to provide policy input, address standardization gaps, and support the deployment and application of smart grid technologies.
Opportunities include increased R&D investment and technological advancements, which are expected to drive innovation and market expansion.
Key companies covered in the report include Honeywell International Inc, General Electric Company, Eskom Holdings SOC Ltd, Itron Inc, and Schneider Electric SE.
Major challenges include low accessibility to power in underdeveloped regions and the high investment required to develop new grid structures for renewable energy projects.
The advanced metering infrastructure (AMI) segment is projected to hold a significant share due to government investments aimed at reducing transmission and distribution losses.
Smart grid technology is used for intelligent transmission lines, smart meters, improving electricity revenue collection, and addressing electricity theft in low-income areas.
The Covid-19 pandemic initially halted production and supply due to lockdowns. However, government strategies and the adoption of advanced technologies by key players have helped the market recover and continue growing.
Key growth drivers include the implementation of South Africa's smart grid vision, increasing investments in smart grid technologies, the expansion of renewable energy capacity, and efforts to modernize the electricity grid.
The South Africa smart grid network market is expected to reach USD XX Billion by 2031, growing at a CAGR of 3% from 2023 to 2031.
Table Of Content
1. Executive Summary2. Assumptions and Acronyms Used
3. Research Methodology
4. Smart Grid Network Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Smart Grid Network Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Smart Grid Network Market - Supply Chain
4.5. Global Smart Grid Network Market Forecast
4.5.1. Smart Grid Network Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Smart Grid Network Market Size (000’ Units) and Y-o-Y Growth
4.5.3. Smart Grid Network Market Absolute $ Opportunity
5. Global Smart Grid Network Market Analysis and Forecast by Region
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Region
5.2.2. Y-o-Y Growth Projections by Region
5.3. Smart Grid Network Market Size and Volume Forecast by Region
5.3.1. North America
5.3.2. Latin America
5.3.3. Europe
5.3.4. Asia Pacific
5.3.5. Middle East and Africa (MEA)
5.4. Absolute $ Opportunity Assessment by Region
5.5. Market Attractiveness/Growth Potential Analysis by Region
5.6. Global Smart Grid Network Demand Share Forecast, 2019-2026
6. North America Smart Grid Network Market Analysis and Forecast
6.1. Introduction
6.1.1. Basis Point Share (BPS) Analysis by Country
6.1.2. Y-o-Y Growth Projections by Country
6.2. North America Smart Grid Network Market Size and Volume Forecast by Country
6.2.1. U.S.
6.2.2. Canada
6.3. Absolute $ Opportunity Assessment by Country
6.4. Market Attractiveness/Growth Potential Analysis
6.4.1. By Country
6.4.2. By Product Type
6.4.3. By Application
6.5. North America Smart Grid Network Demand Share Forecast, 2019-2026
7. Latin America Smart Grid Network Market Analysis and Forecast
7.1. Introduction
7.1.1. Basis Point Share (BPS) Analysis by Country
7.1.2. Y-o-Y Growth Projections by Country
7.1.3. Latin America Average Pricing Analysis
7.2. Latin America Smart Grid Network Market Size and Volume Forecast by Country
7.2.1. Brazil
7.2.2. Mexico
7.2.3. Rest of Latin America
7.3. Absolute $ Opportunity Assessment by Country
7.4. Market Attractiveness/Growth Potential Analysis
7.4.1. By Country
7.4.2. By Product Type
7.4.3. By Application
7.5. Latin America Smart Grid Network Demand Share Forecast, 2019-2026
8. Europe Smart Grid Network Market Analysis and Forecast
8.1. Introduction
8.1.1. Basis Point Share (BPS) Analysis by Country
8.1.2. Y-o-Y Growth Projections by Country
8.1.3. Europe Average Pricing Analysis
8.2. Europe Smart Grid Network Market Size and Volume Forecast by Country
8.2.1. Germany
8.2.2. France
8.2.3. Italy
8.2.4. U.K.
8.2.5. Spain
8.2.6. Russia
8.2.7. Rest of Europe
8.3. Absolute $ Opportunity Assessment by Country
8.4. Market Attractiveness/Growth Potential Analysis
8.4.1. By Country
8.4.2. By Product Type
8.4.3. By Application
8.5. Europe Smart Grid Network Demand Share Forecast, 2019-2026
9. Asia Pacific Smart Grid Network Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.1.3. Asia Pacific Average Pricing Analysis
9.2. Asia Pacific Smart Grid Network Market Size and Volume Forecast by Country
9.2.1. China
9.2.2. Japan
9.2.3. South Korea
9.2.4. India
9.2.5. Australia
9.2.6. Rest of Asia Pacific (APAC)
9.3. Absolute $ Opportunity Assessment by Country
9.4. Market Attractiveness/Growth Potential Analysis
9.4.1. By Country
9.4.2. By Product Type
9.4.3. By Application
9.5. Asia Pacific Smart Grid Network Demand Share Forecast, 2019-2026
10. Middle East & Africa Smart Grid Network Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Middle East & Africa Average Pricing Analysis
10.2. Middle East & Africa Smart Grid Network Market Size and Volume Forecast by Country
10.2.1. Saudi Arabia
10.2.2. South Africa
10.2.3. UAE
10.2.4. Rest of Middle East & Africa (MEA)
10.3. Absolute $ Opportunity Assessment by Country
10.4. Market Attractiveness/Growth Potential Analysis
10.4.1. By Country
10.4.2. By Product Type
10.4.3. By Application
10.5. Middle East & Africa Smart Grid Network Demand Share Forecast, 2019-2026
11. Competition Landscape
11.1. Global Smart Grid Network Market: Market Share Analysis
11.2. Smart Grid Network Distributors and Customers
11.3. Smart Grid Network Market: Competitive Dashboard
11.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
11.4.1. Honeywell International Inc
11.4.2. General Electric Company
11.4.3. Eskom Holdings SOC Ltd
11.4.4. Itron Inc
11.4.5. Schneider Electric SE
Methodology
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