Smart Grid Market by Component (Services and Solution), by Application (Generation, Transmission, Distribution, and Consumption/End Use), by End User (Residential, Commercial, and Industrial) - Global Opportunity Analysis and Industry Forecast, 2021 – 2030

Smart Grid Market

Industry:  ICT & Media | Publish Date: May 2021 | No of Pages:  278 | No. Tables:  155 | No. Figures:  125

Market Definition

The Global Smart Grid Market size was valued at USD 62.09 billion in 2020 and is predicted to reach USD 248.63 billion by 2030, with a CAGR of 15.2% from 2021-2030.

Smart grid holds wide applications in residential, commercial, and industrial sector, owing to their capability to ensure uninterrupted power supply by detecting and simultaneously restoring the faults in electricity supply chain. Smart grid comprises of smart appliances, smart meters, as well as energy efficient and renewable resources that assist in production, distribution, and conditioning of power in the entire supply chain, along with providing an integrated networking & communication system.

The benefits offered by smart grid such as, higher efficiency, energy conservation, uninterrupted power supply, minimal fluctuations in supply chain, reduced footprints, and most importantly environmental protection; consequently result to higher adoption of smart grid solutions; thereby propagating the growth of global smart grid market throughout the forecast period.

Market Dynamics and Trends

The global smart grid market witnessed a substantial growth in the past few years, and is expected to observe several lucrative opportunities for growth in coming future. The major driving factors in the smart grid market are: development of smart cities, advancements in digital network infrastructures, increasing adoption of e-vehicles, higher penetration of AI, IoT, automation and robotics technologies, as well as favorable regulatory policies promoting the utilization of smart meters.

However, concerns regarding safety & security, standardization issues, and high maintenance costs, are expected to hinder the growth of smart grid market during the forecast period. Moreover, rapid industrialization, growing urbanization, increasing number of educational institutes, and growing commercialization with increasing number of malls, hypermarkets, and supermarkets, lead to higher demand of seamless power supply that augments the need of smart electric supply solutions. This scenario is expected to create new avenues for growth in the global smart grid market.

Market Segmentations and Scope of the Study:

The global smart grid market share has been analyzed based on component, application, end user and geography.

Based on component, the smart grid market is segmented into services and solution. The solution segment is sub segmented into Advanced Metering Infrastructure (AMI), Smart Grid Distribution Management, Smart Grid Communications, Smart Grid Network Management, Substation Automation, Smart Grid Security, and others. Based on application, the smart grid market is fragmented into generation, transmission, distribution, and consumption/end use. Based on end user, the smart grid market is divided into commercial, residential, and industrial. Geographic breakdown and analysis of each of the previously mentioned segments include regions comprising Asia-Pacific, North America, Europe, and RoW.

Geographical Analysis

North America dominated the global smart grid market and is expected to maintain its dominance throughout the forecast period. This is due to well-established network infrastructures, increasing number of smart cities, and higher adoption of electric vehicles in this region.

Asia Pacific is expected to grow with the highest CAGR values in the global smart grid market throughout the forecast period, owing to increasing government initiatives to digitally transform the infrastructures and emerging concept of smart cities in this region.

Competitive Landscape

The smart grid market is highly competitive and consists of various market players. Some of the major market players include General Electric, Cisco Systems Inc., Honeywell International Inc., Itron Inc., International Business Machines Corporation (IBM), Schneider Electric, Oracle, Tech Mahindra Limited, Siemens, and Wipro Limited, among others.

The cities are undergoing digital transformation with the evolution of smart cities. With this, the smart networks, smart infrastructures, and smart connectivity webs, are gaining momentum; hence generating a demand for reliable and efficient smart grid solutions. With this trend the major players of the global smart grid market are bagging more and more projects for the development and deployment of smart grid solutions, thereby fuel-rocketing the growth of smart grid market at global level.

In December 2019, Tech Mahindra Limited., one of the key players in the smart grid market, bagged a smart city project from Pimpri Chinchwad Municipal Corporation (PCMC), costing INR 500 Crore. PCMC is Asia’s richest municipal corporation catering more than 15 lakh citizens. Tech Mahindra opted to provide robust, reliable, and sustainable ICT infrastructure that comprise of smart network, smart grid, smart water, smart sewerage, smart parking, smart CCTV surveillance system, smart disaster management, and all types of smart solutions; hence, digitally-transforming the city into smart city.

In January 2020, the Metropolitan Electrical Authority (MEA), of Thailand, announced that it has selected Oracle, one of the giants in smart grid market, to develop and deploy its ‘Smart Metro Grid’ project. This project aims at elevating the standards of living for the citizens living in Central Thailand, thereby developing a Smarter Thailand. MEA, a state-owned energy utility group serving Bangkok and two neighboring provinces, caters more than 4 million consumers. The main objective of this project is to provide smart grid solutions, improved electricity services, lower cost supply, and increased speed of internal processes, along with enabling the consumers to monitor their own usage on MEA’s API.

In February 2020, General Electric Company, one of the ruling companies in smart grid market, announced that it has been awarded with $4.2 million funding from Solar Energy Technologies Office (SETO), the U.S. Department of Energy, to develop and deploy advanced grid-forming photovoltaic (PV) inverter control technology that is capable of supporting higher loads of solar power on the grids. SETO with GEC aims at developing reliable, energy efficient, sustainable, and renewable smart grid solutions for nation’s electric grid system.

KEY BENEFITS

  • The smart grid market report provides the quantitative analysis of the current market and estimations through 2020-2030 that assists in identifying the prevailing market opportunities to capitalize on.

  • The study comprises a deep dive analysis of the smart grid market trend including the current and future trends for depicting the prevalent investment pockets in the market.

  • The report provides detailed information related to key drivers, restraints, opportunities, and their impact on the smart grid market.

  • The report incorporates competitive analysis of the market players along with their market share in the global smart grid market.

  • The SWOT analysis and Porters Five Forces model is elaborated in the study of the smart grid market.

  • Value chain analysis in the smart grid market study provides a clear picture of the stakeholders’ roles.

KEY MARKET SEGMENTS:

By Component

  • Solutions

    • Advanced Metering Infrastructure (AMI)

    • Smart Grid Distribution Management

    • Smart Grid Communications

    • Smart Grid Network Management

    • Substation Automation

    • Smart Grid Security

    • Others

  • Services

By Application

  • Generation

  • Transmission

  • Distribution

  • Consumption/End Use

By End User

  • Residential

  • Commercial

  • Industrial

By Geography

  • North America

    • U.S.

    • Canada

    • Mexico

  • Europe

    • UK

    • Germany

    • France

    • Italy

    • Rest of Europe

  • Asia-Pacific

    • China

    • India

    • Japan

    • Australia

    • Rest of Asia-Pacific

  • RoW

    • UAE

    • Saudi Arabia

    • South Africa

    • Brazil

    • Remaining Countries

REPORT SCOPE AND SEGMENTATION:

Parameters

Details

Analysis Period

2020–2030

Base Year Considered

2020

Forecast Period

2021–2030

Market Size Estimation

Billion (USD)

Market Segmentation

By Component (Services and Solution), by Application (Generation, Transmission, Distribution, and Consumption/End Use), by End User (Residential, Commercial, and Industrial)

Geographical Segmentation

North America (U.S., Canada, Mexico) Europe (UK, Germany, France, Italy, Rest of Europe), Asia-Pacific (China, Japan, India, Australia, Rest of APAC), Rest of the World (UAE, Saudi Arabia, South Africa, Brazil, Remaining countries)

Companies Profiled

General Electric, Cisco Systems Inc., Honeywell International Inc., Itron Inc., International Business Machines Corporation (IBM), Schneider Electric, Oracle, Tech Mahindra Limited, Siemens, and Wipro Limited

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1.... INTRODUCTION

1.1.           REPORT DESCRIPTION

1.2.           Research Methodology

1.2.1             Secondary Research

1.2.2             Data Analysis Framework

1.2.3             Market size estimation

1.2.4             Forecasting

1.2.5             Primary Research and Data Validation

2.... MARKET SNAPSHOT, 2019-2030 Million USD

2.1.           MARKET SNAPSHOT

3.... PORTER’S FIVE FORCE MODEL ANALYSIS

4.... MARKET DYNAMICS

4.1.           GROWTH DRIVERS

4.1.1             DRIVER 1

4.1.2             DRIVER 2

4.1.3             DRIVER 3

4.1.4             DRIVER 4

4.2.           CHALLENGES

4.2.1             CHALLENGE 1

4.2.2             CHALLENGE 2

4.3.           OPPORTUNITIES

4.3.1             OPPORTUNITY 1

4.3.2             OPPORTUNITY 2

5.... Global  Smart Grid Market, By Component

5.1.           Overview

5.2.           Solutions

5.2.1             Solutions Market, By Region

5.2.1.1        North America Solutions Market, By Country

5.2.1.2        Europe Solutions Market, By Country

5.2.1.3        Asia-Pacific Solutions Market, By Country

5.2.1.4        Rest of World Solutions Market, By Country

5.3.           Services

5.3.1             Services Market, By Region

5.3.1.1        North America Services Market, By Country

5.3.1.2        Europe Services Market, By Country

5.3.1.3        Asia-Pacific Services Market, By Country

5.3.1.4        Rest of World Services Market, By Country

6.... Global  Smart Grid Market, By Application

6.1.           Overview

6.2.           Generation

6.2.1             Generation Market, By Region

6.2.1.1        North America Generation Market, By Country

6.2.1.2        Europe Generation Market, By Country

6.2.1.3        Asia-Pacific Generation Market, By Country

6.2.1.4        Rest of World Generation Market, By Country

6.3.           Transmission

6.3.1             Transmission Market, By Region

6.3.1.1        North America Transmission Market, By Country

6.3.1.2        Europe Transmission Market, By Country

6.3.1.3        Asia-Pacific Transmission Market, By Country

6.3.1.4        Rest of World Transmission Market, By Country

6.4.           Distribution

6.4.1             Distribution Market, By Region

6.4.1.1        North America Distribution Market, By Country

6.4.1.2        Europe Distribution Market, By Country

6.4.1.3        Asia-Pacific Distribution Market, By Country

6.4.1.4        Rest of World Distribution Market, By Country

6.5.           Consumption/End Use

6.5.1             Consumption/End Use Market, By Region

6.5.1.1        North America Consumption/End Use Market, By Country

6.5.1.2        Europe Consumption/End Use Market, By Country

6.5.1.3        Asia-Pacific Consumption/End Use Market, By Country

6.5.1.4        Rest of World Consumption/End Use Market, By Country

7.... Global  Smart Grid Market, By End User

7.1.           Overview

7.2.           Residential

7.2.1             Residential Market, By Region

7.2.1.1        North America Residential Market, By Country

7.2.1.2        Europe Residential Market, By Country

7.2.1.3        Asia-Pacific Residential Market, By Country

7.2.1.4        Rest of World Residential Market, By Country

7.3.           Commercial

7.3.1             Commercial Market, By Region

7.3.1.1        North America Commercial Market, By Country

7.3.1.2        Europe Commercial Market, By Country

7.3.1.3        Asia-Pacific Commercial Market, By Country

7.3.1.4        Rest of World Commercial Market, By Country

7.4.           Industrial

7.4.1             Industrial Market, By Region

7.4.1.1        North America Industrial Market, By Country

7.4.1.2        Europe Industrial Market, By Country

7.4.1.3        Asia-Pacific Industrial Market, By Country

7.4.1.4        Rest of World Industrial Market, By Country

8.... Global  Smart Grid Market, By Region

8.1.           Overview

8.2.           North America

8.2.1             North America Smart Grid Market, By Component

8.2.2             North America Smart Grid Market, By Application

8.2.3             North America Smart Grid Market, By End User

8.2.4             North America Smart Grid, Market By Country

8.2.4.1        U.S

8.2.4.1.1        U.S Smart Grid Market, By Component

8.2.4.1.2        U.S Smart Grid Market, By Application

8.2.4.1.3        U.S Smart Grid Market, By End User

8.2.4.2        Canada

8.2.4.2.1        Canada Smart Grid Market, By Component

8.2.4.2.2        Canada Smart Grid Market, By Application

8.2.4.2.3        Canada Smart Grid Market, By End User

8.2.4.3        Mexico

8.2.4.3.1        Mexico Smart Grid Market, By Component

8.2.4.3.2        Mexico Smart Grid Market, By Application

8.2.4.3.3        Mexico Smart Grid Market, By End User

8.3.           Europe

8.3.1             Europe Smart Grid Market, By Component

8.3.2             Europe Smart Grid Market, By Application

8.3.3             Europe Smart Grid Market, By End User

8.3.4             Europe Smart Grid, Market By Country

8.3.4.1        UK

8.3.4.1.1        UK Smart Grid Market, By Component

8.3.4.1.2        UK Smart Grid Market, By Application

8.3.4.1.3        UK Smart Grid Market, By End User

8.3.4.2        Germany

8.3.4.2.1        Germany Smart Grid Market, By Component

8.3.4.2.2        Germany Smart Grid Market, By Application

8.3.4.2.3        Germany Smart Grid Market, By End User

8.3.4.3        France

8.3.4.3.1        France Smart Grid Market, By Component

8.3.4.3.2        France Smart Grid Market, By Application

8.3.4.3.3        France Smart Grid Market, By End User

8.3.4.4        Italy

8.3.4.4.1        Italy Smart Grid Market, By Component

8.3.4.4.2        Italy Smart Grid Market, By Application

8.3.4.4.3        Italy Smart Grid Market, By End User

8.3.4.5        Rest of Europe

8.3.4.5.1        Rest of Europe Smart Grid Market, By Component

8.3.4.5.2        Rest of Europe Smart Grid Market, By Application

8.3.4.5.3        Rest of Europe Smart Grid Market, By End User

8.4.           Asia-Pacific

8.4.1             Asia-Pacific Smart Grid Market, By Component

8.4.2             Asia-Pacific Smart Grid Market, By Application

8.4.3             Asia-Pacific Smart Grid Market, By End User

8.4.4             Asia-Pacific Smart Grid, Market By Country

8.4.4.1        China

8.4.4.1.1        China Smart Grid Market, By Component

8.4.4.1.2        China Smart Grid Market, By Application

8.4.4.1.3        China Smart Grid Market, By End User

8.4.4.2        Japan

8.4.4.2.1        Japan Smart Grid Market, By Component

8.4.4.2.2        Japan Smart Grid Market, By Application

8.4.4.2.3        Japan Smart Grid Market, By End User

8.4.4.3        India

8.4.4.3.1        India Smart Grid Market, By Component

8.4.4.3.2        India Smart Grid Market, By Application

8.4.4.3.3        India Smart Grid Market, By End User

8.4.4.4        Australia

8.4.4.4.1        Australia Smart Grid Market, By Component

8.4.4.4.2        Australia Smart Grid Market, By Application

8.4.4.4.3        Australia Smart Grid Market, By End User

8.4.4.5        Rest of Asia-Pacific

8.4.4.5.1        Rest of Asia-Pacific Smart Grid Market, By Component

8.4.4.5.2        Rest of Asia-Pacific Smart Grid Market, By Application

8.4.4.5.3        Rest of Asia-Pacific Smart Grid Market, By End User

8.5.           Rest of World

8.5.1             Rest of World Smart Grid Market, By Component

8.5.2             Rest of World Smart Grid Market, By Application

8.5.3             Rest of World Smart Grid Market, By End User

8.5.4             Rest of World Smart Grid, Market By Country

8.5.4.1        Brazil

8.5.4.1.1        Brazil Smart Grid Market, By Component

8.5.4.1.2        Brazil Smart Grid Market, By Application

8.5.4.1.3        Brazil Smart Grid Market, By End User

8.5.4.2        UAE

8.5.4.2.1        UAE Smart Grid Market, By Component

8.5.4.2.2        UAE Smart Grid Market, By Application

8.5.4.2.3        UAE Smart Grid Market, By End User

8.5.4.3        South Africa

8.5.4.3.1        South Africa Smart Grid Market, By Component

8.5.4.3.2        South Africa Smart Grid Market, By Application

8.5.4.3.3        South Africa Smart Grid Market, By End User

8.5.4.4        Saudi Arabia

8.5.4.4.1        Saudi Arabia Smart Grid Market, By Component

8.5.4.4.2        Saudi Arabia Smart Grid Market, By Application

8.5.4.4.3        Saudi Arabia Smart Grid Market, By End User

8.5.4.5        Remaining Countries

8.5.4.5.1        Remaining Countries Smart Grid Market, By Component

8.5.4.5.2        Remaining Countries Smart Grid Market, By Application

8.5.4.5.3        Remaining Countries Smart Grid Market, By End User

9.... COMPANY PROFILES

9.1.           General Electric

9.1.1             COMPANY OVERVIEW

9.1.2             COMPANY SNAPSHOT

9.1.3             OPERATING BUSINESS SEGMENTS

9.1.4             PRODUCT PORTFOLIO

9.1.5             BUSINESS PERFORMANCE

9.1.6             KEY STRATEGIC MOVES AND DEVELOPMENT

9.2.           Cisco Systems Inc.

9.2.1             COMPANY OVERVIEW

9.2.2             COMPANY SNAPSHOT

9.2.3             OPERATING BUSINESS SEGMENTS

9.2.4             PRODUCT PORTFOLIO

9.2.5             BUSINESS PERFORMANCE

9.2.6             KEY STRATEGIC MOVES AND DEVELOPMENT

9.3.           Honeywell International Inc.

9.3.1             COMPANY OVERVIEW

9.3.2             COMPANY SNAPSHOT

9.3.3             OPERATING BUSINESS SEGMENTS

9.3.4             PRODUCT PORTFOLIO

9.3.5             BUSINESS PERFORMANCE

9.3.6             KEY STRATEGIC MOVES AND DEVELOPMENT

9.4.           Itron Inc.

9.4.1             COMPANY OVERVIEW

9.4.2             COMPANY SNAPSHOT

9.4.3             OPERATING BUSINESS SEGMENTS

9.4.4             PRODUCT PORTFOLIO

9.4.5             BUSINESS PERFORMANCE

9.4.6             KEY STRATEGIC MOVES AND DEVELOPMENT

9.5.           International Business Machines Corporation (IBM)

9.5.1             COMPANY OVERVIEW

9.5.2             COMPANY SNAPSHOT

9.5.3             OPERATING BUSINESS SEGMENTS

9.5.4             PRODUCT PORTFOLIO

9.5.5             BUSINESS PERFORMANCE

9.5.6             KEY STRATEGIC MOVES AND DEVELOPMENT

9.6.           Schneider Electric

9.6.1             COMPANY OVERVIEW

9.6.2             COMPANY SNAPSHOT

9.6.3             OPERATING BUSINESS SEGMENTS

9.6.4             PRODUCT PORTFOLIO

9.6.5             BUSINESS PERFORMANCE

9.6.6             KEY STRATEGIC MOVES AND DEVELOPMENT

9.7.           Oracle

9.7.1             COMPANY OVERVIEW

9.7.2             COMPANY SNAPSHOT

9.7.3             OPERATING BUSINESS SEGMENTS

9.7.4             PRODUCT PORTFOLIO

9.7.5             BUSINESS PERFORMANCE

9.7.6             KEY STRATEGIC MOVES AND DEVELOPMENT

9.8.           Tech Mahindra Limited

9.8.1             COMPANY OVERVIEW

9.8.2             COMPANY SNAPSHOT

9.8.3             OPERATING BUSINESS SEGMENTS

9.8.4             PRODUCT PORTFOLIO

9.8.5             BUSINESS PERFORMANCE

9.8.6             KEY STRATEGIC MOVES AND DEVELOPMENT

9.9.           Siemens

9.9.1             COMPANY OVERVIEW

9.9.2             COMPANY SNAPSHOT

9.9.3             OPERATING BUSINESS SEGMENTS

9.9.4             PRODUCT PORTFOLIO

9.9.5             BUSINESS PERFORMANCE

9.9.6             KEY STRATEGIC MOVES AND DEVELOPMENT

9.10.         Wipro Limited

9.10.1           COMPANY OVERVIEW

9.10.2           COMPANY SNAPSHOT

9.10.3           OPERATING BUSINESS SEGMENTS

9.10.4           PRODUCT PORTFOLIO

9.10.5           BUSINESS PERFORMANCE

9.10.6           KEY STRATEGIC MOVES AND DEVELOPMENT

LIST OF TABLES

TABLE 1.         Global  Smart Grid Market Value, By Component, 2019-2030, Million USD

TABLE 2.         Solutions Market Value, By Region, 2019-2030, Million USD

TABLE 3.         North America Solutions Market Value, By Country, 2019-2030, Million USD

TABLE 4.         Europe Solutions Market Value, By Country, 2019-2030, Million USD

TABLE 5.         Asia-Pacific Solutions Market Value, By Country, 2019-2030, Million USD

TABLE 6.         Rest of World Solutions Market Value, By Country, 2019-2030, Million USD

TABLE 7.         Services Market Value, By Region, 2019-2030, Million USD

TABLE 8.         North America Services Market Value, By Country, 2019-2030, Million USD

TABLE 9.         Europe Services Market Value, By Country, 2019-2030, Million USD

TABLE 10.       Asia-Pacific Services Market Value, By Country, 2019-2030, Million USD

TABLE 11.       Rest of World Services Market Value, By Country, 2019-2030, Million USD

TABLE 12.       Global  Smart Grid Market Value, By Application, 2019-2030, Million USD

TABLE 13.       Generation Market Value, By Region, 2019-2030, Million USD

TABLE 14.       North America Generation Market Value, By Country, 2019-2030, Million USD

TABLE 15.       Europe Generation Market Value, By Country, 2019-2030, Million USD

TABLE 16.       Asia-Pacific Generation Market Value, By Country, 2019-2030, Million USD

TABLE 17.       Rest of World Generation Market Value, By Country, 2019-2030, Million USD

TABLE 18.       Transmission Market Value, By Region, 2019-2030, Million USD

TABLE 19.       North America Transmission Market Value, By Country, 2019-2030, Million USD

TABLE 20.       Europe Transmission Market Value, By Country, 2019-2030, Million USD

TABLE 21.       Asia-Pacific Transmission Market Value, By Country, 2019-2030, Million USD

TABLE 22.       Rest of World Transmission Market Value, By Country, 2019-2030, Million USD

TABLE 23.       Distribution Market Value, By Region, 2019-2030, Million USD

TABLE 24.       North America Distribution Market Value, By Country, 2019-2030, Million USD

TABLE 25.       Europe Distribution Market Value, By Country, 2019-2030, Million USD

TABLE 26.       Asia-Pacific Distribution Market Value, By Country, 2019-2030, Million USD

TABLE 27.       Rest of World Distribution Market Value, By Country, 2019-2030, Million USD

TABLE 28.       Consumption/End Use Market Value, By Region, 2019-2030, Million USD

TABLE 29.       North America Consumption/End Use Market Value, By Country, 2019-2030, Million USD

TABLE 30.       Europe Consumption/End Use Market Value, By Country, 2019-2030, Million USD

TABLE 31.       Asia-Pacific Consumption/End Use Market Value, By Country, 2019-2030, Million USD

TABLE 32.       Rest of World Consumption/End Use Market Value, By Country, 2019-2030, Million USD

TABLE 33.       Global  Smart Grid Market Value, By End User, 2019-2030, Million USD

TABLE 34.       Residential Market Value, By Region, 2019-2030, Million USD

TABLE 35.       North America Residential Market Value, By Country, 2019-2030, Million USD

TABLE 36.       Europe Residential Market Value, By Country, 2019-2030, Million USD

TABLE 37.       Asia-Pacific Residential Market Value, By Country, 2019-2030, Million USD

TABLE 38.       Rest of World Residential Market Value, By Country, 2019-2030, Million USD

TABLE 39.       Commercial Market Value, By Region, 2019-2030, Million USD

TABLE 40.       North America Commercial Market Value, By Country, 2019-2030, Million USD

TABLE 41.       Europe Commercial Market Value, By Country, 2019-2030, Million USD

TABLE 42.       Asia-Pacific Commercial Market Value, By Country, 2019-2030, Million USD

TABLE 43.       Rest of World Commercial Market Value, By Country, 2019-2030, Million USD

TABLE 44.       Industrial Market Value, By Region, 2019-2030, Million USD

TABLE 45.       North America Industrial Market Value, By Country, 2019-2030, Million USD

TABLE 46.       Europe Industrial Market Value, By Country, 2019-2030, Million USD

TABLE 47.       Asia-Pacific Industrial Market Value, By Country, 2019-2030, Million USD

TABLE 48.       Rest of World Industrial Market Value, By Country, 2019-2030, Million USD

TABLE 49.       Global  Smart Grid Market Value, By Region, 2019-2030, Million USD

TABLE 50.       North America Smart Grid Market Value, By Component, 2019-2030, Million USD

TABLE 51.       North America Smart Grid Market Value, By Application, 2019-2030, Million USD

TABLE 52.       North America Smart Grid Market Value, By End User, 2019-2030, Million USD

TABLE 53.       U.S Smart Grid Market Value, By Component, 2019-2030, Million USD

TABLE 54.       U.S Smart Grid Market Value, By Application, 2019-2030, Million USD

TABLE 55.       U.S Smart Grid Market Value, By End User, 2019-2030, Million USD

TABLE 56.       Canada Smart Grid Market Value, By Component, 2019-2030, Million USD

TABLE 57.       Canada Smart Grid Market Value, By Application, 2019-2030, Million USD

TABLE 58.       Canada Smart Grid Market Value, By End User, 2019-2030, Million USD

TABLE 59.       Mexico Smart Grid Market Value, By Component, 2019-2030, Million USD

TABLE 60.       Mexico Smart Grid Market Value, By Application, 2019-2030, Million USD

TABLE 61.       Mexico Smart Grid Market Value, By End User, 2019-2030, Million USD

TABLE 62.       Europe Smart Grid Market Value, By Component, 2019-2030, Million USD

TABLE 63.       Europe Smart Grid Market Value, By Application, 2019-2030, Million USD

TABLE 64.       Europe Smart Grid Market Value, By End User, 2019-2030, Million USD

TABLE 65.       UK Smart Grid Market Value, By Component, 2019-2030, Million USD

TABLE 66.       UK Smart Grid Market Value, By Application, 2019-2030, Million USD

TABLE 67.       UK Smart Grid Market Value, By End User, 2019-2030, Million USD

TABLE 68.       Germany Smart Grid Market Value, By Component, 2019-2030, Million USD

TABLE 69.       Germany Smart Grid Market Value, By Application, 2019-2030, Million USD

TABLE 70.       Germany Smart Grid Market Value, By End User, 2019-2030, Million USD

TABLE 71.       France Smart Grid Market Value, By Component, 2019-2030, Million USD

TABLE 72.       France Smart Grid Market Value, By Application, 2019-2030, Million USD

TABLE 73.       France Smart Grid Market Value, By End User, 2019-2030, Million USD

TABLE 74.       Italy Smart Grid Market Value, By Component, 2019-2030, Million USD

TABLE 75.       Italy Smart Grid Market Value, By Application, 2019-2030, Million USD

TABLE 76.       Italy Smart Grid Market Value, By End User, 2019-2030, Million USD

TABLE 77.       Rest of Europe Smart Grid Market Value, By Component, 2019-2030, Million USD

TABLE 78.       Rest of Europe Smart Grid Market Value, By Application, 2019-2030, Million USD

TABLE 79.       Rest of Europe Smart Grid Market Value, By End User, 2019-2030, Million USD

TABLE 80.       Asia-Pacific Smart Grid Market Value, By Component, 2019-2030, Million USD

TABLE 81.       Asia-Pacific Smart Grid Market Value, By Application, 2019-2030, Million USD

TABLE 82.       Asia-Pacific Smart Grid Market Value, By End User, 2019-2030, Million USD

TABLE 83.       China Smart Grid Market Value, By Component, 2019-2030, Million USD

TABLE 84.       China Smart Grid Market Value, By Application, 2019-2030, Million USD

TABLE 85.       China Smart Grid Market Value, By End User, 2019-2030, Million USD

TABLE 86.       Japan Smart Grid Market Value, By Component, 2019-2030, Million USD

TABLE 87.       Japan Smart Grid Market Value, By Application, 2019-2030, Million USD

TABLE 88.       Japan Smart Grid Market Value, By End User, 2019-2030, Million USD

TABLE 89.       India Smart Grid Market Value, By Component, 2019-2030, Million USD

TABLE 90.       India Smart Grid Market Value, By Application, 2019-2030, Million USD

TABLE 91.       India Smart Grid Market Value, By End User, 2019-2030, Million USD

TABLE 92.       Australia Smart Grid Market Value, By Component, 2019-2030, Million USD

TABLE 93.       Australia Smart Grid Market Value, By Application, 2019-2030, Million USD

TABLE 94.       Australia Smart Grid Market Value, By End User, 2019-2030, Million USD

TABLE 95.       Rest of Asia-Pacific Smart Grid Market Value, By Component, 2019-2030, Million USD

TABLE 96.       Rest of Asia-Pacific Smart Grid Market Value, By Application, 2019-2030, Million USD

TABLE 97.       Rest of Asia-Pacific Smart Grid Market Value, By End User, 2019-2030, Million USD

TABLE 98.       Rest of World Smart Grid Market Value, By Component, 2019-2030, Million USD

TABLE 99.       Rest of World Smart Grid Market Value, By Application, 2019-2030, Million USD

TABLE 100.    Rest of World Smart Grid Market Value, By End User, 2019-2030, Million USD

TABLE 101.    Brazil Smart Grid Market Value, By Component, 2019-2030, Million USD

TABLE 102.    Brazil Smart Grid Market Value, By Application, 2019-2030, Million USD

TABLE 103.    Brazil Smart Grid Market Value, By End User, 2019-2030, Million USD

TABLE 104.    UAE Smart Grid Market Value, By Component, 2019-2030, Million USD

TABLE 105.    UAE Smart Grid Market Value, By Application, 2019-2030, Million USD

TABLE 106.    UAE Smart Grid Market Value, By End User, 2019-2030, Million USD

TABLE 107.    South Africa Smart Grid Market Value, By Component, 2019-2030, Million USD

TABLE 108.    South Africa Smart Grid Market Value, By Application, 2019-2030, Million USD

TABLE 109.    South Africa Smart Grid Market Value, By End User, 2019-2030, Million USD

TABLE 110.    Saudi Arabia Smart Grid Market Value, By Component, 2019-2030, Million USD

TABLE 111.    Saudi Arabia Smart Grid Market Value, By Application, 2019-2030, Million USD

TABLE 112.    Saudi Arabia Smart Grid Market Value, By End User, 2019-2030, Million USD

TABLE 113.    Remaining Countries Smart Grid Market Value, By Component, 2019-2030, Million USD

TABLE 114.    Remaining Countries Smart Grid Market Value, By Application, 2019-2030, Million USD

TABLE 115.    Remaining Countries Smart Grid Market Value, By End User, 2019-2030, Million USD

TABLE 116.    General Electric: COMPANY SNAPSHOT

TABLE 117.    General Electric: OPERATING SEGMENTS

TABLE 118.    General Electric: PRODUCT PORTFOLIO

TABLE 119.    General Electric: KEY STRATERGY

TABLE 120.    Cisco Systems Inc.: COMPANY SNAPSHOT

TABLE 121.    Cisco Systems Inc.: OPERATING SEGMENTS

TABLE 122.    Cisco Systems Inc.: PRODUCT PORTFOLIO

TABLE 123.    Cisco Systems Inc.: KEY STRATERGY

TABLE 124.    Honeywell International Inc.: COMPANY SNAPSHOT

TABLE 125.    Honeywell International Inc.: OPERATING SEGMENTS

TABLE 126.    Honeywell International Inc.: PRODUCT PORTFOLIO

TABLE 127.    Honeywell International Inc.: KEY STRATERGY

TABLE 128.    Itron Inc.: COMPANY SNAPSHOT

TABLE 129.    Itron Inc.: OPERATING SEGMENTS

TABLE 130.    Itron Inc.: PRODUCT PORTFOLIO

TABLE 131.    Itron Inc.: KEY STRATERGY

TABLE 132.    International Business Machines Corporation (IBM): COMPANY SNAPSHOT

TABLE 133.    International Business Machines Corporation (IBM): OPERATING SEGMENTS

TABLE 134.    International Business Machines Corporation (IBM): PRODUCT PORTFOLIO

TABLE 135.    International Business Machines Corporation (IBM): KEY STRATERGY

TABLE 136.    Schneider Electric: COMPANY SNAPSHOT

TABLE 137.    Schneider Electric: OPERATING SEGMENTS

TABLE 138.    Schneider Electric: PRODUCT PORTFOLIO

TABLE 139.    Schneider Electric: KEY STRATERGY

TABLE 140.    Oracle: COMPANY SNAPSHOT

TABLE 141.    Oracle: OPERATING SEGMENTS

TABLE 142.    Oracle: PRODUCT PORTFOLIO

TABLE 143.    Oracle: KEY STRATERGY

TABLE 144.    Tech Mahindra Limited: COMPANY SNAPSHOT

TABLE 145.    Tech Mahindra Limited: OPERATING SEGMENTS

TABLE 146.    Tech Mahindra Limited: PRODUCT PORTFOLIO

TABLE 147.    Tech Mahindra Limited: KEY STRATERGY

TABLE 148.    Siemens: COMPANY SNAPSHOT

TABLE 149.    Siemens: OPERATING SEGMENTS

TABLE 150.    Siemens: PRODUCT PORTFOLIO

TABLE 151.    Siemens: KEY STRATERGY

TABLE 152.    Wipro Limited: COMPANY SNAPSHOT

TABLE 153.    Wipro Limited: OPERATING SEGMENTS

TABLE 154.    Wipro Limited: PRODUCT PORTFOLIO

TABLE 155.    Wipro Limited: KEY STRATERGY

 

 

LIST OF FIGURES

FIGURE 1.       Global  Smart Grid Market Value, By Component, 2019-2030, Million USD

FIGURE 2.       Solutions Market Value, By Region, 2019-2030, Million USD

FIGURE 3.       North America Solutions Market Value, By Country, 2019-2030, Million USD

FIGURE 4.       Europe Solutions Market Value, By Country, 2019-2030, Million USD

FIGURE 5.       Asia-Pacific Solutions Market Value, By Country, 2019-2030, Million USD

FIGURE 6.       Rest of World Solutions Market Value, By Country, 2019-2030, Million USD

FIGURE 7.       Services Market Value, By Region, 2019-2030, Million USD

FIGURE 8.       North America Services Market Value, By Country, 2019-2030, Million USD

FIGURE 9.       Europe Services Market Value, By Country, 2019-2030, Million USD

FIGURE 10.     Asia-Pacific Services Market Value, By Country, 2019-2030, Million USD

FIGURE 11.     Rest of World Services Market Value, By Country, 2019-2030, Million USD

FIGURE 12.     Global  Smart Grid Market Value, By Application, 2019-2030, Million USD

FIGURE 13.     Generation Market Value, By Region, 2019-2030, Million USD

FIGURE 14.     North America Generation Market Value, By Country, 2019-2030, Million USD

FIGURE 15.     Europe Generation Market Value, By Country, 2019-2030, Million USD

FIGURE 16.     Asia-Pacific Generation Market Value, By Country, 2019-2030, Million USD

FIGURE 17.     Rest of World Generation Market Value, By Country, 2019-2030, Million USD

FIGURE 18.     Transmission Market Value, By Region, 2019-2030, Million USD

FIGURE 19.     North America Transmission Market Value, By Country, 2019-2030, Million USD

FIGURE 20.     Europe Transmission Market Value, By Country, 2019-2030, Million USD

FIGURE 21.     Asia-Pacific Transmission Market Value, By Country, 2019-2030, Million USD

FIGURE 22.     Rest of World Transmission Market Value, By Country, 2019-2030, Million USD

FIGURE 23.     Distribution Market Value, By Region, 2019-2030, Million USD

FIGURE 24.     North America Distribution Market Value, By Country, 2019-2030, Million USD

FIGURE 25.     Europe Distribution Market Value, By Country, 2019-2030, Million USD

FIGURE 26.     Asia-Pacific Distribution Market Value, By Country, 2019-2030, Million USD

FIGURE 27.     Rest of World Distribution Market Value, By Country, 2019-2030, Million USD

FIGURE 28.     Consumption/End Use Market Value, By Region, 2019-2030, Million USD

FIGURE 29.     North America Consumption/End Use Market Value, By Country, 2019-2030, Million USD

FIGURE 30.     Europe Consumption/End Use Market Value, By Country, 2019-2030, Million USD

FIGURE 31.     Asia-Pacific Consumption/End Use Market Value, By Country, 2019-2030, Million USD

FIGURE 32.     Rest of World Consumption/End Use Market Value, By Country, 2019-2030, Million USD

FIGURE 33.     Global  Smart Grid Market Value, By End User, 2019-2030, Million USD

FIGURE 34.     Residential Market Value, By Region, 2019-2030, Million USD

FIGURE 35.     North America Residential Market Value, By Country, 2019-2030, Million USD

FIGURE 36.     Europe Residential Market Value, By Country, 2019-2030, Million USD

FIGURE 37.     Asia-Pacific Residential Market Value, By Country, 2019-2030, Million USD

FIGURE 38.     Rest of World Residential Market Value, By Country, 2019-2030, Million USD

FIGURE 39.     Commercial Market Value, By Region, 2019-2030, Million USD

FIGURE 40.     North America Commercial Market Value, By Country, 2019-2030, Million USD

FIGURE 41.     Europe Commercial Market Value, By Country, 2019-2030, Million USD

FIGURE 42.     Asia-Pacific Commercial Market Value, By Country, 2019-2030, Million USD

FIGURE 43.     Rest of World Commercial Market Value, By Country, 2019-2030, Million USD

FIGURE 44.     Industrial Market Value, By Region, 2019-2030, Million USD

FIGURE 45.     North America Industrial Market Value, By Country, 2019-2030, Million USD

FIGURE 46.     Europe Industrial Market Value, By Country, 2019-2030, Million USD

FIGURE 47.     Asia-Pacific Industrial Market Value, By Country, 2019-2030, Million USD

FIGURE 48.     Rest of World Industrial Market Value, By Country, 2019-2030, Million USD

FIGURE 49.     Global  Smart Grid Market Value, By Region, 2019-2030, Million USD

FIGURE 50.     North America Smart Grid Market Value, By Component, 2019-2030, Million USD

FIGURE 51.     North America Smart Grid Market Value, By Application, 2019-2030, Million USD

FIGURE 52.     North America Smart Grid Market Value, By End User, 2019-2030, Million USD

FIGURE 53.     U.S Smart Grid Market Value, By Component, 2019-2030, Million USD

FIGURE 54.     U.S Smart Grid Market Value, By Application, 2019-2030, Million USD

FIGURE 55.     U.S Smart Grid Market Value, By End User, 2019-2030, Million USD

FIGURE 56.     Canada Smart Grid Market Value, By Component, 2019-2030, Million USD

FIGURE 57.     Canada Smart Grid Market Value, By Application, 2019-2030, Million USD

FIGURE 58.     Canada Smart Grid Market Value, By End User, 2019-2030, Million USD

FIGURE 59.     Mexico Smart Grid Market Value, By Component, 2019-2030, Million USD

FIGURE 60.     Mexico Smart Grid Market Value, By Application, 2019-2030, Million USD

FIGURE 61.     Mexico Smart Grid Market Value, By End User, 2019-2030, Million USD

FIGURE 62.     Europe Smart Grid Market Value, By Component, 2019-2030, Million USD

FIGURE 63.     Europe Smart Grid Market Value, By Application, 2019-2030, Million USD

FIGURE 64.     Europe Smart Grid Market Value, By End User, 2019-2030, Million USD

FIGURE 65.     UK Smart Grid Market Value, By Component, 2019-2030, Million USD

FIGURE 66.     UK Smart Grid Market Value, By Application, 2019-2030, Million USD

FIGURE 67.     UK Smart Grid Market Value, By End User, 2019-2030, Million USD

FIGURE 68.     Germany Smart Grid Market Value, By Component, 2019-2030, Million USD

FIGURE 69.     Germany Smart Grid Market Value, By Application, 2019-2030, Million USD

FIGURE 70.     Germany Smart Grid Market Value, By End User, 2019-2030, Million USD

FIGURE 71.     France Smart Grid Market Value, By Component, 2019-2030, Million USD

FIGURE 72.     France Smart Grid Market Value, By Application, 2019-2030, Million USD

FIGURE 73.     France Smart Grid Market Value, By End User, 2019-2030, Million USD

FIGURE 74.     Italy Smart Grid Market Value, By Component, 2019-2030, Million USD

FIGURE 75.     Italy Smart Grid Market Value, By Application, 2019-2030, Million USD

FIGURE 76.     Italy Smart Grid Market Value, By End User, 2019-2030, Million USD

FIGURE 77.     Rest of Europe Smart Grid Market Value, By Component, 2019-2030, Million USD

FIGURE 78.     Rest of Europe Smart Grid Market Value, By Application, 2019-2030, Million USD

FIGURE 79.     Rest of Europe Smart Grid Market Value, By End User, 2019-2030, Million USD

FIGURE 80.     Asia-Pacific Smart Grid Market Value, By Component, 2019-2030, Million USD

FIGURE 81.     Asia-Pacific Smart Grid Market Value, By Application, 2019-2030, Million USD

FIGURE 82.     Asia-Pacific Smart Grid Market Value, By End User, 2019-2030, Million USD

FIGURE 83.     China Smart Grid Market Value, By Component, 2019-2030, Million USD

FIGURE 84.     China Smart Grid Market Value, By Application, 2019-2030, Million USD

FIGURE 85.     China Smart Grid Market Value, By End User, 2019-2030, Million USD

FIGURE 86.     Japan Smart Grid Market Value, By Component, 2019-2030, Million USD

FIGURE 87.     Japan Smart Grid Market Value, By Application, 2019-2030, Million USD

FIGURE 88.     Japan Smart Grid Market Value, By End User, 2019-2030, Million USD

FIGURE 89.     India Smart Grid Market Value, By Component, 2019-2030, Million USD

FIGURE 90.     India Smart Grid Market Value, By Application, 2019-2030, Million USD

FIGURE 91.     India Smart Grid Market Value, By End User, 2019-2030, Million USD

FIGURE 92.     Australia Smart Grid Market Value, By Component, 2019-2030, Million USD

FIGURE 93.     Australia Smart Grid Market Value, By Application, 2019-2030, Million USD

FIGURE 94.     Australia Smart Grid Market Value, By End User, 2019-2030, Million USD

FIGURE 95.     Rest of Asia-Pacific Smart Grid Market Value, By Component, 2019-2030, Million USD

FIGURE 96.     Rest of Asia-Pacific Smart Grid Market Value, By Application, 2019-2030, Million USD

FIGURE 97.     Rest of Asia-Pacific Smart Grid Market Value, By End User, 2019-2030, Million USD

FIGURE 98.     Rest of World Smart Grid Market Value, By Component, 2019-2030, Million USD

FIGURE 99.     Rest of World Smart Grid Market Value, By Application, 2019-2030, Million USD

FIGURE 100.  Rest of World Smart Grid Market Value, By End User, 2019-2030, Million USD

FIGURE 101.  Brazil Smart Grid Market Value, By Component, 2019-2030, Million USD

FIGURE 102.  Brazil Smart Grid Market Value, By Application, 2019-2030, Million USD

FIGURE 103.  Brazil Smart Grid Market Value, By End User, 2019-2030, Million USD

FIGURE 104.  UAE Smart Grid Market Value, By Component, 2019-2030, Million USD

FIGURE 105.  UAE Smart Grid Market Value, By Application, 2019-2030, Million USD

FIGURE 106.  UAE Smart Grid Market Value, By End User, 2019-2030, Million USD

FIGURE 107.  South Africa Smart Grid Market Value, By Component, 2019-2030, Million USD

FIGURE 108.  South Africa Smart Grid Market Value, By Application, 2019-2030, Million USD

FIGURE 109.  South Africa Smart Grid Market Value, By End User, 2019-2030, Million USD

FIGURE 110.  Saudi Arabia Smart Grid Market Value, By Component, 2019-2030, Million USD

FIGURE 111.  Saudi Arabia Smart Grid Market Value, By Application, 2019-2030, Million USD

FIGURE 112.  Saudi Arabia Smart Grid Market Value, By End User, 2019-2030, Million USD

FIGURE 113.  Remaining Countries Smart Grid Market Value, By Component, 2019-2030, Million USD

FIGURE 114.  Remaining Countries Smart Grid Market Value, By Application, 2019-2030, Million USD

FIGURE 115.  Remaining Countries Smart Grid Market Value, By End User, 2019-2030, Million USD

FIGURE 116.  General Electric: NET SALES,2017-2019

FIGURE 117.  Cisco Systems Inc.: NET SALES,2017-2019

FIGURE 118.  Honeywell International Inc.: NET SALES,2017-2019

FIGURE 119.  Itron Inc.: NET SALES,2017-2019

FIGURE 120.  International Business Machines Corporation (IBM): NET SALES,2017-2019

FIGURE 121.  Schneider Electric: NET SALES,2017-2019

FIGURE 122.  Oracle: NET SALES,2017-2019

FIGURE 123.  Tech Mahindra Limited: NET SALES,2017-2019

FIGURE 124.  Siemens: NET SALES,2017-2019

FIGURE 125.  Wipro Limited: NET SALES,2017-2019

 

 

KEY PLAYERS:

  • General Electric
  • Cisco Systems, Inc.
  • Honeywell International Inc
  • Itron Inc.
  • International Business Machines Corporation (IBM)
  • Schneider Electric
  • Oracle
  • Tech Mahindra Limited
  • Siemens
  • Wipro Limited

Frequently Asked Questions
What will be the worth of global Smart Grid Market by the end of 2030?

According to the report published by Next Move Strategy Consulting, the Smart Grid market business is expected to hit at $248.63 billion (USD) by 2030.

Which region is expected to hold the highest market share in the Smart Grid Market?

North America is expected to hold the highest market share in the global market. The region is expected to witness remarkable growth as it houses the major key players in the market.

Which are the top companies in the Smart Grid industry?

General Electric, Cisco Systems Inc., Honeywell International Inc., Itron Inc., International Business Machines Corporation (IBM), Schneider Electric, Oracle, Tech Mahindra Limited, Siemens, and Wipro Limited

What are the market segmentations and scope of the study?

The global Smart Grid market share is analyzed on the basis of component, application, end user and geography.

How big is the Smart Grid Market?

Currently (in 2020), the market value stands at USD 62.09 billion and it is anticipated to reach USD 248.63 billion by 2030.