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Smart Grid-Global Market Insights and Sales Trends 2024
Synopsis
Smart grid is a type of electrical grid which includes a variety of operational and energy measures including smart meters, smart appliances, renewable energy resources, and energy efficient resources.
The global Smart Grid market size is expected to reach US$ 114170 million by 2029, growing at a CAGR of 18.2% from 2023 to 2029. The market is mainly driven by the significant applications of Smart Grid in various end use industries. The expanding demands from the Automotive, Oil & Gas, Mining and Manufacturing Industry, are propelling Smart Grid market. Software, one of the segments analysed in this report, is projected to record % CAGR and reach US$ million by the end of the analysis period. Growth in the Hardware segment is estimated at % CAGR for the next seven-year period.
Asia Pacific shows high growth potential for Smart Grid market, driven by demand from China, the second largest economy with some signs of stabilising, the Smart Grid market in China is forecast to reach US$ million by 2029, trailing a CAGR of % over the 2023-2029 period, while the U.S. market will reach US$ million by 2029, exhibiting a CAGR of % during the same period.
Report Objectives
This report provides market insight on the different segments, by players, by Type, by Application. Market size and forecast (2018-2029) has been provided in the report. The primary objectives of this report are to provide 1) global market size and forecasts, growth rates, market dynamics, industry structure and developments, market situation, trends; 2) global market share and ranking by company; 3) comprehensive presentation of the global market for Smart Grid, with both quantitative and qualitative analysis through detailed segmentation; 4) detailed value chain analysis and review of growth factors essential for the existing market players and new entrants; 5) emerging opportunities in the market and the future impact of major drivers and restraints of the market.
Key Features of The Study:
This report provides in-depth analysis of the global Smart Grid market, and provides market size (US$ million) and CAGR for the forecast period (2023-2029), considering 2022 as the base year.
This report profiles key players in the global Smart Grid market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, Smart Grid sales data, market share and ranking.
This report elucidates potential market opportunities across different segments and explains attractive investment proposition matrices for this market.
This report illustrates key insights about market drivers, restraints, opportunities, market trends, regional outlook.
Key companies of Smart Grid covered in this report include ABB, Siemens, Cisco, Belden, Deutsche Telekom, Microchip Technology Inc., Itron, Fujitsu and GE, etc.
The global Smart Grid market report caters to various stakeholders in this industry including investors, suppliers, product players, distributors, new entrants, and financial analysts.
Market Segmentation
Company Profiles:
ABB
Siemens
Cisco
Belden
Deutsche Telekom
Microchip Technology Inc.
Itron
Fujitsu
GE
Huawei
Schneider Electric
Landis+GYR
Aclara Technologies
Open Systems International
International Business Machines Corporation
Wipro Limited
Oracle Corporation
Global Smart Grid market, by region:
North America (U.S., Canada, Mexico)
Europe (Germany, France, UK, Italy, etc.)
Asia Pacific (China, Japan, South Korea, Southeast Asia, India, etc.)
South America (Brazil, etc.)
Middle East and Africa (Turkey, GCC Countries, Africa, etc.)
Global Smart Grid market, Segment by Type:
Software
Hardware
Service
Global Smart Grid market, by Application
Automotive
Oil & Gas
Mining
Manufacturing Industry
Building Automation
Other Application
Core Chapters
Chapter One: Introduces the report scope of the report, executive summary of global and regional market size and CAGR for the history and forecast period (2018-2023, 2024-2029). It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter Two: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter Three: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter Four: Detailed analysis of Smart Grid companies’ competitive landscape, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter Five: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product introduction, revenue, recent development, etc.
Chapter Six, Seven, Eight, Nine and Ten: North America, Europe, Asia Pacific, Latin America, Middle East & Africa, revenue by country.
Chapter Eleven: this section also introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by companies in the industry, and the analysis of relevant policies in the industry.
Chapter Twelve: Research Finding/Conclusion
Smart grid is a type of electrical grid which includes a variety of operational and energy measures including smart meters, smart appliances, renewable energy resources, and energy efficient resources.
The global Smart Grid market size is expected to reach US$ 114170 million by 2029, growing at a CAGR of 18.2% from 2023 to 2029. The market is mainly driven by the significant applications of Smart Grid in various end use industries. The expanding demands from the Automotive, Oil & Gas, Mining and Manufacturing Industry, are propelling Smart Grid market. Software, one of the segments analysed in this report, is projected to record % CAGR and reach US$ million by the end of the analysis period. Growth in the Hardware segment is estimated at % CAGR for the next seven-year period.
Asia Pacific shows high growth potential for Smart Grid market, driven by demand from China, the second largest economy with some signs of stabilising, the Smart Grid market in China is forecast to reach US$ million by 2029, trailing a CAGR of % over the 2023-2029 period, while the U.S. market will reach US$ million by 2029, exhibiting a CAGR of % during the same period.
Report Objectives
This report provides market insight on the different segments, by players, by Type, by Application. Market size and forecast (2018-2029) has been provided in the report. The primary objectives of this report are to provide 1) global market size and forecasts, growth rates, market dynamics, industry structure and developments, market situation, trends; 2) global market share and ranking by company; 3) comprehensive presentation of the global market for Smart Grid, with both quantitative and qualitative analysis through detailed segmentation; 4) detailed value chain analysis and review of growth factors essential for the existing market players and new entrants; 5) emerging opportunities in the market and the future impact of major drivers and restraints of the market.
Key Features of The Study:
This report provides in-depth analysis of the global Smart Grid market, and provides market size (US$ million) and CAGR for the forecast period (2023-2029), considering 2022 as the base year.
This report profiles key players in the global Smart Grid market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, Smart Grid sales data, market share and ranking.
This report elucidates potential market opportunities across different segments and explains attractive investment proposition matrices for this market.
This report illustrates key insights about market drivers, restraints, opportunities, market trends, regional outlook.
Key companies of Smart Grid covered in this report include ABB, Siemens, Cisco, Belden, Deutsche Telekom, Microchip Technology Inc., Itron, Fujitsu and GE, etc.
The global Smart Grid market report caters to various stakeholders in this industry including investors, suppliers, product players, distributors, new entrants, and financial analysts.
Market Segmentation
Company Profiles:
ABB
Siemens
Cisco
Belden
Deutsche Telekom
Microchip Technology Inc.
Itron
Fujitsu
GE
Huawei
Schneider Electric
Landis+GYR
Aclara Technologies
Open Systems International
International Business Machines Corporation
Wipro Limited
Oracle Corporation
Global Smart Grid market, by region:
North America (U.S., Canada, Mexico)
Europe (Germany, France, UK, Italy, etc.)
Asia Pacific (China, Japan, South Korea, Southeast Asia, India, etc.)
South America (Brazil, etc.)
Middle East and Africa (Turkey, GCC Countries, Africa, etc.)
Global Smart Grid market, Segment by Type:
Software
Hardware
Service
Global Smart Grid market, by Application
Automotive
Oil & Gas
Mining
Manufacturing Industry
Building Automation
Other Application
Core Chapters
Chapter One: Introduces the report scope of the report, executive summary of global and regional market size and CAGR for the history and forecast period (2018-2023, 2024-2029). It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter Two: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter Three: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter Four: Detailed analysis of Smart Grid companies’ competitive landscape, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter Five: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product introduction, revenue, recent development, etc.
Chapter Six, Seven, Eight, Nine and Ten: North America, Europe, Asia Pacific, Latin America, Middle East & Africa, revenue by country.
Chapter Eleven: this section also introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by companies in the industry, and the analysis of relevant policies in the industry.
Chapter Twelve: Research Finding/Conclusion
Index1 Market Overview of Smart Grid
1.1 Smart Grid Market Overview
1.1.1 Smart Grid Product Scope
1.1.2 Smart Grid Market Status and Outlook
1.2 Global Smart Grid Market Size Overview by Region 2018 VS 2022 VS 2029
1.3 Global Smart Grid Market Size by Region (2018-2029)
1.4 Global Smart Grid Historic Market Size by Region (2018-2023)
1.5 Global Smart Grid Market Size Forecast by Region (2024-2029)
1.6 Key Regions, Smart Grid Market Size (2018-2029)
1.6.1 North America Smart Grid Market Size (2018-2029)
1.6.2 Europe Smart Grid Market Size (2018-2029)
1.6.3 Asia-Pacific Smart Grid Market Size (2018-2029)
1.6.4 Latin America Smart Grid Market Size (2018-2029)
1.6.5 Middle East & Africa Smart Grid Market Size (2018-2029)
2 Smart Grid Market by Type
2.1 Introduction
2.1.1 Software
2.1.2 Hardware
2.1.3 Service
2.2 Global Smart Grid Market Size by Type: 2018 VS 2022 VS 2029
2.2.1 Global Smart Grid Historic Market Size by Type (2018-2023)
2.2.2 Global Smart Grid Forecasted Market Size by Type (2024-2029)
2.3 Key Regions Market Size by Type
2.3.1 North America Smart Grid Revenue Breakdown by Type (2018-2029)
2.3.2 Europe Smart Grid Revenue Breakdown by Type (2018-2029)
2.3.3 Asia-Pacific Smart Grid Revenue Breakdown by Type (2018-2029)
2.3.4 Latin America Smart Grid Revenue Breakdown by Type (2018-2029)
2.3.5 Middle East and Africa Smart Grid Revenue Breakdown by Type (2018-2029)
3 Smart Grid Market Overview by Application
3.1 Introduction
3.1.1 Automotive
3.1.2 Oil & Gas
3.1.3 Mining
3.1.4 Manufacturing Industry
3.1.5 Building Automation
3.1.6 Other Application
3.2 Global Smart Grid Market Size by Application: 2018 VS 2022 VS 2029
3.2.1 Global Smart Grid Historic Market Size by Application (2018-2023)
3.2.2 Global Smart Grid Forecasted Market Size by Application (2024-2029)
3.3 Key Regions Market Size by Application
3.3.1 North America Smart Grid Revenue Breakdown by Application (2018-2029)
3.3.2 Europe Smart Grid Revenue Breakdown by Application (2018-2029)
3.3.3 Asia-Pacific Smart Grid Revenue Breakdown by Application (2018-2029)
3.3.4 Latin America Smart Grid Revenue Breakdown by Application (2018-2029)
3.3.5 Middle East and Africa Smart Grid Revenue Breakdown by Application (2018-2029)
4 Smart Grid Competition Analysis by Players
4.1 Global Smart Grid Market Size by Players (2018-2023)
4.2 Global Top Players by Company Type (Tier 1, Tier 2 and Tier 3) & (based on the Revenue in Smart Grid as of 2022)
4.3 Date of Key Players Enter into Smart Grid Market
4.4 Global Top Players Smart Grid Headquarters and Area Served
4.5 Key Players Smart Grid Product Solution and Service
4.6 Competitive Status
4.6.1 Smart Grid Market Concentration Rate
4.6.2 Mergers & Acquisitions, Expansion Plans
5 Company (Top Players) Profiles
5.1 ABB
5.1.1 ABB Profile
5.1.2 ABB Main Business
5.1.3 ABB Smart Grid Products, Services and Solutions
5.1.4 ABB Smart Grid Revenue (US$ Million) & (2018-2023)
5.1.5 ABB Recent Developments
5.2 Siemens
5.2.1 Siemens Profile
5.2.2 Siemens Main Business
5.2.3 Siemens Smart Grid Products, Services and Solutions
5.2.4 Siemens Smart Grid Revenue (US$ Million) & (2018-2023)
5.2.5 Siemens Recent Developments
5.3 Cisco
5.3.1 Cisco Profile
5.3.2 Cisco Main Business
5.3.3 Cisco Smart Grid Products, Services and Solutions
5.3.4 Cisco Smart Grid Revenue (US$ Million) & (2018-2023)
5.3.5 Belden Recent Developments
5.4 Belden
5.4.1 Belden Profile
5.4.2 Belden Main Business
5.4.3 Belden Smart Grid Products, Services and Solutions
5.4.4 Belden Smart Grid Revenue (US$ Million) & (2018-2023)
5.4.5 Belden Recent Developments
5.5 Deutsche Telekom
5.5.1 Deutsche Telekom Profile
5.5.2 Deutsche Telekom Main Business
5.5.3 Deutsche Telekom Smart Grid Products, Services and Solutions
5.5.4 Deutsche Telekom Smart Grid Revenue (US$ Million) & (2018-2023)
5.5.5 Deutsche Telekom Recent Developments
5.6 Microchip Technology Inc.
5.6.1 Microchip Technology Inc. Profile
5.6.2 Microchip Technology Inc. Main Business
5.6.3 Microchip Technology Inc. Smart Grid Products, Services and Solutions
5.6.4 Microchip Technology Inc. Smart Grid Revenue (US$ Million) & (2018-2023)
5.6.5 Microchip Technology Inc. Recent Developments
5.7 Itron
5.7.1 Itron Profile
5.7.2 Itron Main Business
5.7.3 Itron Smart Grid Products, Services and Solutions
5.7.4 Itron Smart Grid Revenue (US$ Million) & (2018-2023)
5.7.5 Itron Recent Developments
5.8 Fujitsu
5.8.1 Fujitsu Profile
5.8.2 Fujitsu Main Business
5.8.3 Fujitsu Smart Grid Products, Services and Solutions
5.8.4 Fujitsu Smart Grid Revenue (US$ Million) & (2018-2023)
5.8.5 Fujitsu Recent Developments
5.9 GE
5.9.1 GE Profile
5.9.2 GE Main Business
5.9.3 GE Smart Grid Products, Services and Solutions
5.9.4 GE Smart Grid Revenue (US$ Million) & (2018-2023)
5.9.5 GE Recent Developments
5.10 Huawei
5.10.1 Huawei Profile
5.10.2 Huawei Main Business
5.10.3 Huawei Smart Grid Products, Services and Solutions
5.10.4 Huawei Smart Grid Revenue (US$ Million) & (2018-2023)
5.10.5 Huawei Recent Developments
5.11 Schneider Electric
5.11.1 Schneider Electric Profile
5.11.2 Schneider Electric Main Business
5.11.3 Schneider Electric Smart Grid Products, Services and Solutions
5.11.4 Schneider Electric Smart Grid Revenue (US$ Million) & (2018-2023)
5.11.5 Schneider Electric Recent Developments
5.12 Landis+GYR
5.12.1 Landis+GYR Profile
5.12.2 Landis+GYR Main Business
5.12.3 Landis+GYR Smart Grid Products, Services and Solutions
5.12.4 Landis+GYR Smart Grid Revenue (US$ Million) & (2018-2023)
5.12.5 Landis+GYR Recent Developments
5.13 Aclara Technologies
5.13.1 Aclara Technologies Profile
5.13.2 Aclara Technologies Main Business
5.13.3 Aclara Technologies Smart Grid Products, Services and Solutions
5.13.4 Aclara Technologies Smart Grid Revenue (US$ Million) & (2018-2023)
5.13.5 Aclara Technologies Recent Developments
5.14 Open Systems International
5.14.1 Open Systems International Profile
5.14.2 Open Systems International Main Business
5.14.3 Open Systems International Smart Grid Products, Services and Solutions
5.14.4 Open Systems International Smart Grid Revenue (US$ Million) & (2018-2023)
5.14.5 Open Systems International Recent Developments
5.15 International Business Machines Corporation
5.15.1 International Business Machines Corporation Profile
5.15.2 International Business Machines Corporation Main Business
5.15.3 International Business Machines Corporation Smart Grid Products, Services and Solutions
5.15.4 International Business Machines Corporation Smart Grid Revenue (US$ Million) & (2018-2023)
5.15.5 International Business Machines Corporation Recent Developments
5.16 Wipro Limited
5.16.1 Wipro Limited Profile
5.16.2 Wipro Limited Main Business
5.16.3 Wipro Limited Smart Grid Products, Services and Solutions
5.16.4 Wipro Limited Smart Grid Revenue (US$ Million) & (2018-2023)
5.16.5 Wipro Limited Recent Developments
5.17 Oracle Corporation
5.17.1 Oracle Corporation Profile
5.17.2 Oracle Corporation Main Business
5.17.3 Oracle Corporation Smart Grid Products, Services and Solutions
5.17.4 Oracle Corporation Smart Grid Revenue (US$ Million) & (2018-2023)
5.17.5 Oracle Corporation Recent Developments
6 North America
6.1 North America Smart Grid Market Size by Country (2018-2029)
6.2 U.S.
6.3 Canada
7 Europe
7.1 Europe Smart Grid Market Size by Country (2018-2029)
7.2 Germany
7.3 France
7.4 U.K.
7.5 Italy
7.6 Russia
7.7 Nordic Countries
7.8 Rest of Europe
8 Asia-Pacific
8.1 Asia-Pacific Smart Grid Market Size by Region (2018-2029)
8.2 China
8.3 Japan
8.4 South Korea
8.5 Southeast Asia
8.6 India
8.7 Australia
8.8 Rest of Asia-Pacific
9 Latin America
9.1 Latin America Smart Grid Market Size by Country (2018-2029)
9.2 Mexico
9.3 Brazil
9.4 Rest of Latin America
10 Middle East & Africa
10.1 Middle East & Africa Smart Grid Market Size by Country (2018-2029)
10.2 Turkey
10.3 Saudi Arabia
10.4 UAE
10.5 Rest of Middle East & Africa
11 Smart Grid Market Dynamics
11.1 Smart Grid Industry Trends
11.2 Smart Grid Market Drivers
11.3 Smart Grid Market Challenges
11.4 Smart Grid Market Restraints
12 Research Finding /Conclusion
13 Methodology and Data Source
13.1 Methodology/Research Approach
13.1.1 Research Programs/Design
13.1.2 Market Size Estimation
13.1.3 Market Breakdown and Data Triangulation
13.2 Data Source
13.2.1 Secondary Sources
13.2.2 Primary Sources
13.3 Disclaimer
13.4 Author List
Published By : QY Research
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