Asia-Pacific Smart Grid Wide Area Network (WAN) Market Overview
Product Overview and Scope of Smart Grid Wide Area Network (WAN)
A Wide Area Network (WAN) is a type of computer network that covers a large geographic area and connects multiple Local Area Networks (LANs) together. In the context of smart grids, WANs play a crucial role in creating a sophisticated and interconnected electricity supply system.
Smart grids are modern and digitally-driven electricity networks designed to optimize the generation, distribution, and consumption of electricity. Within a smart grid, there are various components such as power generators, substations, smart meters, and sensors. For this complex system to function efficiently, seamless communication and coordination between these components are essential.
This is where WAN technology comes into play. By spanning a wide geographical area, a Smart Grid WAN acts as the backbone that interconnects the various components of the power system. It enables the exchange of data and information between different elements of the grid, including power generation sources like solar panels and wind turbines.
Asia-Pacific Smart Grid Wide Area Network (WAN) Market – Asia-Pacific Industry Analysis
Market Drivers
-
Increasing demand for energy efficiency is one of the factors driving the Smart Grid Wide Area Network WAN market growth
The increasing demand for energy efficiency is a significant driver behind the growth of the Smart Grid Wide Area Network (WAN) market. As the world faces challenges related to climate change, resource scarcity, and rising energy costs, there is a growing emphasis on finding sustainable solutions for electricity generation, distribution, and consumption. The Smart Grid WAN plays a crucial role in enabling energy efficiency in several ways.
The Smart Grid WAN allows utilities to monitor electricity consumption, grid performance, and equipment status in real-time. With this information, utilities can identify areas of high energy usage, diagnose inefficiencies, and implement corrective measures promptly. This leads to better load management and optimal energy distribution.
Smart Grid WAN facilitates demand response programs that empower consumers to adjust their energy consumption based on real-time pricing or grid conditions. By incentivizing consumers to reduce electricity usage during peak demand periods, the overall load on the grid can be lowered, leading to energy savings.
The Smart Grid WAN facilitates the integration of renewable energy sources like solar and wind into the power grid. These sources are inherently variable in their output, and the WAN enables utilities to manage and balance the fluctuations in supply, ensuring a stable and efficient grid operation.
It allows for better load balancing by matching energy supply with demand across different regions and timeframes. Additionally, it supports the integration of energy storage systems, such as batteries, which can store excess energy during periods of low demand and release it during peak times, further optimizing energy utilization.
The Smart Grid WAN enables utilities to monitor the health and performance of various grid assets like transformers, substations, and power lines. Proactive maintenance and timely replacements based on real-time data lead to better asset management and reduced energy losses. By improving energy efficiency and enabling the integration of renewable energy sources, the Smart Grid WAN contributes to reducing greenhouse gas emissions and the overall environmental impact of electricity generation.
Thus, the increasing demand for energy efficiency is driving utilities and governments worldwide to invest in smart grid technologies, including the deployment of Smart Grid WANs which further boosts the market growth.
-
Growth of Distributed Energy Resources (DERs) anticipatedly drives the growth of the market
Asia-Pacific Smart Grid Wide Area Network (WAN) Revenue by Countries (2018-2023)
Asia-Pacific Smart Grid Wide Area Network (WAN) Revenue and Market Share (%) by Countries (2018-2023)
|
2018 |
2019 |
2020 |
2021 |
2022 |
2023 |
CAGR |
|
|
China |
XX |
XX |
XX |
XX |
XX |
XX |
XX |
|
Japan |
XX |
XX |
XX |
XX |
XX |
XX |
XX |
|
Korea |
XX |
XX |
XX |
XX |
XX |
XX |
XX |
|
India |
XX |
XX |
XX |
XX |
XX |
XX |
XX |
|
Australia |
XX |
XX |
XX |
XX |
XX |
XX |
XX |
|
Philippines |
XX |
XX |
XX |
XX |
XX |
XX |
XX |
|
Singapore |
XX |
XX |
XX |
XX |
XX |
XX |
XX |
|
Malaysia |
XX |
XX |
XX |
XX |
XX |
XX |
XX |
|
Thailand |
XX |
XX |
XX |
XX |
XX |
XX |
XX |
|
Total |
XX |
XX |
XX |
XX |
XX |
XX |
8.6% |
Asia-Pacific Smart Grid Wide Area Network (WAN) market was valued at USD XX Million, in 2022 and is expected to grow at a CAGR of 8.6 % over the forecast period, from 2023 to 2030.
Asia-Pacific Smart Grid Wide Area Network (WAN) Market Segmentation Analysis
Asia-Pacific Smart Grid Wide Area Network (WAN) Market Segmentation Analysis by Type
• Wired WAN
• Wireless WAN
|
Asia-Pacific Smart Grid Wide Area Network (WAN) Market, by Type |
|
|
|
Source: Cognitive Market Research |
Based on type, the wireless WAN segment is dominating the Asia-Pacific smart grid-wide area network (WAN) market during the forecast period. This is attributed to the increasing demand for wireless WAN in cellular data networks, like 5G, and public Wi-Fi or satellite networks. For instance, a wireless wide area network (WAN) solution featuring the 3G Wireless WAN High-speed WAN Interface Card from networking solutions provider Cisco has been made available by network operator Sprint (NYSE:S) through its business sales channels. Furthermore, wireless WANs are low costs and simple connections to distant and unreachable areas. Growing demand for the wires WAN in various applications such as commercial, education, government, and others. Thus, this segment drives the demand for the Asia-Pacific smart grid-wide area network (WAN) market.
Asia-Pacific Smart Grid Wide Area Network (WAN) Market by Application:
• Commercial
• Education
• Government
• Other
Asia-Pacific Smart Grid Wide Area Network (WAN) Market by Component:
• Hardware
• Software
• Services
Asia-Pacific Smart Grid Wide Area Network (WAN) Market by Solution:
• Network Management
• Cyber Security
• Data Analytics
• Network Monitoring
Asia-Pacific Smart Grid Wide Area Network (WAN) Market by Technology:
• 2G/3G/4G
• LPWAN
• Microwave
• Mesh
• Fiber Optics
Asia-Pacific Smart Grid Wide Area Network (WAN) Market Players
• Smart Grid Wide Area Network (WAN) Companies List
• Cisco Systems, Inc.
• Huawei Technologies Co., Ltd.
• ABB Ltd.
• Fujitsu
• TRILLIANT HOLDINGS INC.
Asia-Pacific Smart Grid Wide Area Network (WAN) Market Related Reports
• Global Smart Grid Technology Market
• Global Smart Grid Market
• Global Smart Grid Networking Market
• Global Smart Grid Data Analytics Market
Asia-Pacific Smart Grid Wide Area Network (WAN) Manufacturers Profiles/Analysis
Cisco Systems, Inc.
Cisco Systems, Inc. Basic Information, Manufacturing Base, Sales Area, and Competitors
|
Sr. No. |
Item |
Description |
|
1 |
Company Name |
Cisco Systems, Inc. |
|
2 |
Website |
www.cisco.com |
|
3 |
Established Date |
1984 |
|
4 |
Headquartered |
United States |
|
5 |
Market Position/ History |
Cisco Systems, Inc. is one of the leaders in end-to-end communications solutions and standards development. It was established in 1984 and is headquartered in the United States. The company has a presence in North America, Africa, Asia Pacific, Europe, Latin America, and the Middle East regions. In the Asia Pacific, Japan, and China (APJC) segment, the product revenue of the company increased by 6%, driven by growth in the commercial and enterprise markets, partially offset by declines in the service provider and public sector markets. From a country perspective, product revenue increased by 18% in China and 10% in Australia, partially offset by declines of 9% in Japan and 1% in India. |
|
6 |
Sales Area |
Worldwide |
|
7 |
Manufacturing Location |
United States, Singapore, India, and others |
|
8 |
Ticker |
NASDAQ: CSCO |
|
8 |
No. of Employees |
~83,300 (As of July 2022) |
|
9 |
Competitors |
|
|
10 |
CEO |
Chuck Robbins |
|
11 |
Ownership Type |
Public |
|
12 |
Contact Information |
Corporate Headquarters 170 West Tasman Dr. San Jose, CA 95134 USA Tel: 0120-608-802 |
Business Segment/ Overview:
Cisco Systems, Inc. is one of the leaders in end-to-end communications solutions and standards development. Cisco provides design expertise, industry partnerships, and a portfolio of products and solutions to deploy Multiprotocol Label Switching (MPLS) within energy grid operations.
The business is organized into the following three geographic segments: Americas; Europe, Middle East, and Africa (EMEA); and Asia Pacific, Japan, and China (APJC). Further, the company is operating under different categories: Secure, Agile Networks; Internet for the Future; Collaboration; End-to-End Security; Optimized Application Experiences; and Other Products. In addition to the above product offerings, the company is providing a broad range of services, including technical support services and advanced services.
Smart Grid Wide Area Network WAN Product Types Specification
|
Product |
Description |
|
LoRa WAN |
It Enables grid automation solutions for low-power use cases. Technical Overview
Headend router
LoRaWAN gateway
Sensors
|
|
Utility WAN |
Utility WAN enables highly reliable and secure substation IP connectivity through both private high-speed WAN and public carrier circuits. The Cisco Utility WAN solution consists of multiple components that make up a single, multiservice network that is secure, highly reliable, and operationally efficient. Technical overview Routing
Switching
Wireless
Network orchestration: Network Services Orchestrator (NSO) WAN modeling: WAN Automation Engine Edge compute
|
Recent Developments:
|
Year |
Latest News |
|
October, 2020 |
Cisco Launched New WAN Edge Platform Cisco (NASDAQ: CSCO) announced its new Wide Area Networking (WAN) edge platform to help customers accelerate cloud adoption and deliver secure and automated connectivity to applications across cloud, data center, and edge. |
Business Strategy
Cisco Systems, Inc. regularly introduces new products and features to address the requirements of different markets. Further, the company is focusing on technology megatrends like the adoption of a Cloud Experience, Shift to Hybrid Work, Security Moving to the Cloud, Transition to 5G & Wi-Fi 6, Apps & Workloads Moving Closer to Users & Devices, meeting the changing requirements of the customers across the globe. Further, as part of the transformation of business strategy, the company continues to make strides to develop and sell more software and subscription-based offerings. In addition, the company is also focused on the entire customer lifecycle to drive expansion and renewals. For this, the company continuously invests in network-as-a-service offerings to provide their customers with flexibility in how they want to consume technologies.
