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Smart Grid Market

Report Code EP 7997
Published in Jun, 2024, By MarketsandMarkets™
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Smart Grid Market by Component (Software, Hardware (Smart Meters, Sensors, PLC), Services), Application (Generation, Transmission, Distribution, Consumption), Communication Technology (Wireline, Wireless), & Region - Global Forecast to 2029

Overview

The smart grid market is expected to grow from an estimated USD 161.1 billion by 2029 from an estimated USD 73.8 billion in 2024, at a CAGR of 16.9% during the forecast period. Smart grid is growing because governments globally have put supportive regulations and encouraging people on the need for energy conservation. Furthermore, With the addition of these integrated components to the system and more constant attention to minimizing the occurrences of power blackouts; smart Grid engineering of the conventional Grid has the potential to the Grid turned into a more dependable and more robust technique.

Smart Grid Market

Attractive Opportunities in the Smart Grid Market

North America

North America is expected to be the largest market for smart grid market during the forecast period. The growth is attributed to enhanced grid outage response and early adoption of technology.

The market growth can be attributed to factors such as enhancing grid reliability and increasing awareness about carbon footprint management.

Deals and agreements would offer lucrative opportunities for market players in the next six years.

North America is expected to grow during the forecasted period due to the rising focus on robust regulatory framework for adoption of renewable energy.

Growing demand from distribution and transmission application is expected to offer lucrative opportunities for market players over the next 6 years.

Global Smart Grid Market Dynamics

DRIVER: Growing government-led initiatives to deploy smart grids

Governments across the world have imposed several supportive policies and mandates, Smart grid has received major attention from the governments to be installed to control the electricity consumed by different segments of the society as well as to spread awareness in this regard. These regulations make smart grid technology imperative for industrial, commercial, and residential utilities.

As per the data of the International Energy Agency in 2023, several countries and regions are advanced in the deployment of smart grids. These are for instance EU intends to spend USD 1.2 billion to upgrade its electricity grid by 2030 with USD 3.6 billion earmarked for the digitization of the electricity grid. China is targeting to develop USD 50 billion from 2021–2025 to improve its grids. There is a USD 20 billion funding program in 2022 announced by Japan and there has been a USD 38 billion program initiated by India to improve the power distribution. Subsidizing the GRIP Program, a total of USD 10.5 billion has been announced in the United States. Smart grid deployment is also being supported in Canada to the tune of USD 100 million through the Smart Grid Program. These large expenditures would likely boost smart grid management and promote grid enhancement to accommodate the renewable energy sources that drive remarkable growth and technological progress in smart grid systems. Funding for electricity grid enhancement was up 8 percent in 2022, as giant economies stepped up pledges. The EU intends to spend 633 billion US dollars by 2030, China intends to spend 442 billion US dollars by 2025, Japan intends to spend 155 billion US dollars, India to spend 36.8 billion US dollars, and the US to spend 10.5 billion US dollars. Grid technology for industrial, commercial, and residential applications.

According to the data provided by the International Energy Agency in 2023, several countries and regions are making significant strides in the deployment of smart grids. These include the EU, which plans to invest USD 1.2 billion in its electricity grid by 2030, with USD 3.6 billion earmarked for digitalization of power grids. China is aiming to invest USD 50 billion from 2021–2025 to modernize its grids. Japan has announced a USD 20 billion funding program in 2022, while India has launched a USD 38 billion scheme to enhance power distribution. The Grid Resilience Innovative Partnership (GRIP) Program, with USD 10.5 billion in funding, has been introduced in the US. Canada is also supporting smart grid deployment with USD 100 million through its Smart Grid Program. These significant investments are expected to accelerate the adoption of smart grids, improve grid efficiency, and support the integration of renewable energy, thereby driving notable growth and technological advancements in the smart grid sector. Investment in electricity grids increased by 8% in 2022, with major economies making significant commitments. The EU plans to invest USD 633 billion by 2030, China plans to invest USD 442?billion by 2025, Japan plans to invest USD 155?billion, India plans to invest USD 36.8?billion, and the US plans to invest USD 10.5?billion. Also, the World Bank is encouraging people to invest in Africa. These investments will improve the efficiency of the grid system, as well as assist with the integration of renewables and encourage technological developments, and the smart grid market will experience increased growth rates.

RESTRAINTS: Low awareness of protocols and interoperability standards

Smart grid technology presents several problems for utility providers for its deployment, and these include security challenges, standards, and compatibility among others. A significant challenge is the relative ignorance of smart grid system designers on available standards causes non-compliance during the manufacturing of smart appliances. Furthermore, the direct use of outsourced, standardized, and substitutable parts from different global sources presents major challenges to manufacturers. Both independent utilities and over-the-counter suppliers of equipment can source different equipment from various vendors but require vendor-neutral ability to communicate with existing equipment; there is a desperate need for interoperability standards. This is especially the case considering that many of the vendors and equipment providers are also not qualified or lack appropriate certifications which enable the utility providers to access data from the legacy systems. Lack of understanding of these protocols and standards, inadequate information about IT communication, and the lack of imperative components and devices also slow the smart grid deployment. Although NIST has recently developed the Smart Grid Interoperability Panel (SGIP) and countries such as China, Japan, Brazil, and India have recently published energy management standards, there is still good reason for the maintenance of compliance with interoperability standards. This paper reveals that to achieve the full range of the smart grid technology’s efficiency, it is necessary to introduce suitable standards.

 

OPPORTUNITY: Rising demand for PEVs

Plug-in electric vehicles (PEVs) are popular in developed countries, therefore; it is needed in the United States. General Motors Company (US) is making the Chevrolet Volt as a plug-in hybrid vehicle. Ford Electric Focus is under construction by the Ford Motor Company. The Nissan Motors Company is manufacturing the Leaf. All such big companies are running towards manufacturing electric vehicles. Furthermore, there is also the existence of numerous startup firms that manufacture specialty PEVs comprising OLA Electric as well as Ather Energy.

New-generation PEVs can be effectively deployed through the integration of infrastructure within the smart grid. These PEVs must be charged at night when electricity demand is the weakest and offshore wind power might normally be the strongest. This goal will be achieved with the aid of smart grid technology because this technology will enable the charging of this PEV at the most appropriate time a process which will efficiently allow widespread usage of electricity in that community. The software will help to check whether the PEV is charged to the greatest extent possible.

The PEV is used with an essential role to play in the management of energy available on the grid by acting as distributed energy storage, often referred to as vehicle to grid (V2G). A smart grid interaction of an EV can also activate the V2G services. Battery V2G storage assets also allow EVs to store and discharge electricity obtained from renewable energy sources like solar and wind power.

CHALLENGES: Proper storage and management of complex data generated by smart grid infrastructure

Smart grid technologies have produced high volumes and highly detailed data on consumer data as well as the utility consumption rates, and the transmission logs. This information is mostly in the natural language form, but before it can be analyzed, it needs to be pre-processed. The constant stream of data being produced from different nodes in the network presents unique problems for smart grid solution companies in terms of data storage and processing. Uncontrolled data tends to pose many risks and hinder the ability to make proper analyses. Till now, authorities have had to initiate high-velocity data centers and implement analytical tools as well for concluding and resolving in a high quantity, but their costs must not rise.

In the context of smart grids, there remain major issues of what social and economic value smart grid data entails as well as how utility providers are going to solve the problem of data correlation and aggregation. Smart utilities collect a huge amount of data from millions of smart meters, grid sensors, control devices, and electronic networks. The problem is, however, the technology that utility providers focus on, in generating and providing useful data input for constructive decision-making. Raw data gathered from the smart grid must be processed to generate real-time insights as a functionality of the smart grid technology. Ideal solution providers should thus create unique and complex data analytical tools and also better and improved models of prediction analysis. Presenting intelligent business solutions to identify failed equipment, disasters, their impacts, and customers' behavior patterns on historical experience and usage patterns are complex tasks for utility providers.

Siemens and General Electric are two key suppliers of big data solutions that can cope with the challenges of smart grid data. More solutions are required, and more resources must be earmarked for investment in analytics to turn data into useful knowledge.

Global Smart Grid Market Ecosystem Analysis

Notable players in this industry comprise long-standing, financially robust manufacturers of smart grid Market and related components. These companies have a significant track record in the market, offering a wide range of products, employing cutting-edge technologies, and maintaining robust global sales and marketing networks. Prominent companies in this market include General Electric Company (US), ABB (Switzerland), Siemens (Germany), Schneider Electric (France), and Itron (US).

Global Smart Grid Market
 

Hardware, is expected to be the second largest market, based on component

Due to the growing use networking hardware to enable communication between different elements of a smart grid. PLC carries out control and monitoring functions in the smart grid. The segment is witnessing significant growth in the smart grid network market, since many players provide affordable hardware components. These hardware devices gather a lot of data from consumers and energy utilities to obtain useful information. Smart meters which are networked are used to read the information from the end users’ sensors, which are used to control voltage and current in the system.  This smart grid market size is growing with the support of governments, by enhancing efficiency and paying attention to the environmental situation.

Distribution, by application, to hold the largest smart grid market share during the forecast period

Due to the increasing concern about energy loss across the globe, the segment of distribution in the smart grid is expected to grow at the highest rate in the smart grid market. Distribution management that is also referred to as distribution intelligence is then applied to the utility distribution network, the wires, switches, and transformers that interconnect the utility substation with customers. While the power industry continues to push forward the electrification agenda, the need for an efficient distribution channel is felt.

North America region holds the largest smart grid market share.

North America comprises the largest growing region in the global smart grid market due to several reasons. The region continues to see the development of many renewable energy systems, especially solar and wind power with some governments coming up with incentives such as tax credits and increases in awareness of the impact of the environment. In general, the utilization of clean power has been gaining popularity and the United States is at the forefront of the procurement of smart grid solutions that will enable integration of clean power technologies into the grid. The technological progress of the smart grid is at the core of this growth with increased capabilities of energy distribution, efficient data collection, and real-time management of the grid system. Various industries’ electrification, as well as an increase in the use of electric vehicles (EVs), strongly affects the need for smart grids, which are needed to support the necessary charging infrastructure, in turn strengthening the need for smart grid development. To put it succinctly, smart grid solutions are rapidly on the rise because consumers and businesses across North America are gradually becoming environmentally conscious. Technological advancements including the increased ability to analyze large volumes of data to enhance future maintenance of smart grids are an essential factor of the smart grid performance as far as the delivery of energy is concerned. These include legal frameworks and supportive policies that encourage the use of clean energy and technology innovation that constitute a significant factor in the rapidly growing and evolving Smart grid market in North America. This has placed the region on the right side of the adoption and implementation of the smart grid to make a better future energy delivery system.

 
 
Smart Grid Market Size

Recent Developments of Smart Grid Market

  • In February 2025, Cisco System, Inc. introduced a new family of Smart Switches, integrating networking and security into a compact solution. Powered by AMD Pensando DPUs, these switches simplify data center design and enhance efficiency. The Smart Switch with Cisco Hypershield secures AI data centers by embedding security into the network fabric. This innovation addresses the growing complexity of AI workloads by enabling automated and predictive operations.
  • In January 2025 ABB and Škoda Group, a leading European manufacturer of railway and public transport solutions, specializing in electric trains, trams, and trolleybuses, formed a groundbreaking partnership for railway electrification, starting with ABB supplying its Traction Battery Pro Series. These batteries, compact and lightweight, enhance vehicle performance and reduce maintenance. They will power Škoda’s new fleet of battery-electric multiple units (BEMUs) for Ceské dráhy, the Czech national railway. This move represents a significant step toward railway sustainability efforts, aiming to cut carbon emissions in rail transport. The order was booked in Q4 2024.
  • In January 2025, Siemens was chosen as the technology partner for two major EV charging projects in Italy. Collaborating with Autolinee Toscane, Siemens is electrifying public transport and converting petrol stations into service hubs. This initiative accelerates sustainable mobility in the region. The partnership supports Italy’s EV infrastructure expansion.
  • In December 2024, Honeywell International Inc. launched INNCOM Direct, an automated energy management system for mid-market hotels. The system enhances energy efficiency by optimizing HVAC usage in vacant rooms. This aligns with Honeywell’s focus on automation and the energy transition. With up to 30% of the US hotel rooms potentially vacant in 2024, INNCOM Direct helps reduce energy waste.
  • In April 2024, GE Vernova's Grid Solutions business and Sonelgaz, Algeria's national electricity and gas company, are enhancing GE Algeria Turbines (GEAT) capabilities to deploy advanced grid solutions. This strategic agreement, facilitated by amending their joint venture, underscores a commitment to advancing Algeria's energy goals. It signifies a mutual drive toward sustainable energy development, local industrial capacity building, and fostering economic prosperity through technology innovation and collaboration.

Key Market Players

KEY PLAYERS IN THE Smart Grid Market INCLUDE

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Scope of the Report

Report Attribute Details
Market size available for years 2022–2029
Base year considered 2023
Forecast period 2024–2029
Forecast units Value (USD)
Segments covered Component, application, communication technology and Region
Geographies covered Asia Pacific, North America, Europe, Middle East & Africa, and South America
Companies covered General Electric Company (US), ABB (Switzerland), Siemens (Germany), Schneider Electric (France), Itron (US), IBM (US), and Wipro (India).Globema (Poland), Trilliant Holdings (US), EsyaSoft Technologies (India), Xylem (US), and eSmart Systems (Norway).Kamstrup (Denmark), Tech Mahindra (India), Oracle (US), Cisco (US), Eaton (Ireland), ENEL X (Italy), and C3 Energy (US).Grid4C (US), NES (US), SAP (Germany), Mitsubishi Electric (Japan), Honeywell (US), and Tantalus (US).

 

 

Key Questions Addressed by the Report

What is the current size of the smart grid market?
The current market size of the global smart grid market is 64.13 billion in 2023.
What are the major drivers for the smart grid market?
The global smart grid market is driven by increasing investments in energy infrastructure development.
Which is the fastest-growing region during the forecasted period in the smart grid market?
Asia Pacific is the fastest market the Asia Pacific region emerged as a notably expanding market for smart grid market.
Which is the largest segment, by component during the forecasted period in the smart grid market?
Software dominates the smart grid market by component segment due to increasing global adoption of new technology. With rising environmental awareness, government incentives, and decreasing costs, demand for smart grids is expanding rapidly.
Which is the largest segment, by communication technology during the forecasted period in the smart grid market?
Wireline communication technology is the largest segment of the smart grid market since they are the most crucial component of power networks.

 

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Table of Contents

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TITLE
PAGE NO
INTRODUCTION
32
RESEARCH METHODOLOGY
38
EXECUTIVE SUMMARY
52
PREMIUM INSIGHTS
55
MARKET OVERVIEW
59
  • 5.1 INTRODUCTION
  • 5.2 MARKET DYNAMICS
    DRIVERS
    - Growing government-led initiatives to deploy smart grids
    - Rising adoption of renewable energy to mitigate power fluctuations
    - Growing utilization of advanced technology for tracking and mitigating greenhouse gas emissions
    - Increasing emphasis on modernization of aging grid infrastructure
    - Growing focus on modernizing utility assets
    RESTRAINTS
    - High installation cost of smart grids
    - Low awareness of protocols and interoperability standards
    OPPORTUNITIES
    - Growing focus on smart city projects and centralized infrastructure planning
    - Rising demand for plug-in electric vehicles
    - Increasing adoption of cloud-based systems
    CHALLENGES
    - Generation of vast and complex data
    - Vulnerability to cyber threats
    - Long return on investment period
  • 5.3 TRENDS/DISRUPTIONS IMPACTING CUSTOMERS’ BUSINESSES
  • 5.4 VALUE CHAIN ANALYSIS
  • 5.5 ECOSYSTEM ANALYSIS
  • 5.6 CASE STUDY ANALYSIS
    EATON ASSISTED FLORIAN HOTEL WITH BUILDINGS AS GRID THAT ENHANCED ENERGY RESILIENCE
    EQUS COLLABORATED WITH SCHNEIDER ELECTRIC TO IMPLEMENT SMART GRID SOLUTION THAT OFFERED ENHANCED GRID TRANSPARENCY AND IMPROVED OUTAGE RESPONSE TIMES
    WIPRO ASSISTED PUBLIC UTILITY COMPANY IMPLEMENT ANALYTICS SOLUTIONS THAT EASED ASSET CONDITIONING MONITORING AND IMPROVED CUSTOMER SERVICES
  • 5.7 INVESTMENT AND FUNDING SCENARIO
  • 5.8 TRENDS IN DIGITALIZATION
    ELECTRIFICATION AND DIGITALIZATION
    AI AND SMART GRID TECHNOLOGY PENETRATION
    ENERGY AS A SERVICE (EAAS)
    DISTRIBUTION SYSTEM DIGITALIZATION
  • 5.9 TECHNOLOGY ANALYSIS
    KEY TECHNOLOGIES
    - Artificial intelligence (AI)
    - Blockchain
    ADJACENT TECHNOLOGIES
    - Distributed energy resource management systems
  • 5.10 TRADE ANALYSIS
    EXPORT DATA (HS CODE 902830)
    IMPORT DATA (HS CODE 902830)
  • 5.11 PATENT ANALYSIS
  • 5.12 KEY CONFERENCES AND EVENTS, 2025
  • 5.13 PRICING ANALYSIS
    AVERAGE SELLING PRICE TREND, BY REGION
    INDICATIVE PRICING TREND OF HARDWARE OFFERINGS
  • 5.14 TARIFF AND REGULATORY LANDSCAPE
    TARIFF ANALYSIS
    REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
    CODES AND REGULATIONS
  • 5.15 PORTER’S FIVE FORCES ANALYSIS
    THREAT OF NEW ENTRANTS
    BARGAINING POWER OF SUPPLIERS
    BARGAINING POWER OF BUYERS
    THREAT OF SUBSTITUTES
    INTENSITY OF COMPETITIVE RIVALRY
  • 5.16 KEY STAKEHOLDERS AND BUYING CRITERIA
    KEY STAKEHOLDERS IN BUYING PROCESS
    BUYING CRITERIA
SMART GRID MARKET, BY OFFERING
97
  • 6.1 INTRODUCTION
  • 6.2 SOFTWARE
    ADVANCED METERING INFRASTRUCTURE SYSTEMS
    - Growing focus on reducing carbon footprints to boost demand
    SMART GRID DISTRIBUTION MANAGEMENT SYSTEMS
    - Rising establishment of distributed renewable power generation plants to drive market
    SMART GRID NETWORK MANAGEMENT SYSTEMS
    - Ability to offer IP-based communication networks to fuel market growth
    GRID ASSET MANAGEMENT SYSTEMS
    - Rising demand to store real-time data for continuous asset monitoring to drive market
    SUBSTATION AUTOMATION SYSTEMS
    - Pressing need to prevent power blackouts to drive market
    SMART GRID SECURITY SYSTEMS
    - Increasing cyberattacks in smart grids to boost demand
    BILLING AND CUSTOMER INFORMATION SYSTEMS
    - Growing importance of customer relationship management processes to accelerate demand
  • 6.3 HARDWARE
    SMART METERS
    - Increasing focus on energy conservation to fuel market growth
    SENSORS
    - Integration of advanced intelligence in smart sensors to offer lucrative opportunities
    PROGRAMMABLE LOGIC CONTROLLERS
    - Rising demand for advanced automation solutions in smart grid networks to drive market
    OTHERS
  • 6.4 SERVICES
    CONSULTING
    - Increasing demand for dynamic analysis of products to drive market
    DEPLOYMENT AND INTEGRATION
    - Rising need to simplify complexities and scale smart grid systems to boost demand
    SUPPORT AND MAINTENANCE
    - Growing focus on monitoring hardware and software operations to drive market
SMART GRID MARKET, BY END-USE APPLICATION
121
  • 7.1 INTRODUCTION
  • 7.2 GENERATION
    RISING DEMAND FOR REAL-TIME DATA ANALYTICS AND ADVANCED MONITORING SYSTEMS TO BOOST DEMAND
  • 7.3 TRANSMISSION
    INCREASING ADVANCEMENTS IN AUTOMATION AND COMMUNICATION TECHNOLOGIES TO FUEL MARKET GROWTH
  • 7.4 DISTRIBUTION
    INTEGRATION WITH SMART METERS AND ADVANCED SENSORS TO ACCELERATE DEMAND
  • 7.5 CONSUMPTION
    INCREASING ADOPTION OF EVS AND SMART HOME APPLIANCES TO FOSTER MARKET GROWTH
SMART GRID MARKET, BY COMMUNICATION TECHNOLOGY
127
  • 8.1 INTRODUCTION
  • 8.2 WIRELINE
    ABILITY TO WITHSTAND HIGH-VOLTAGE ENVIRONMENTS TO BOOST DEMAND
  • 8.3 WIRELESS
    ONGOING ADVANCEMENTS IN 5G TECHNOLOGY TO DRIVE MARKET
SMART GRID MARKET, BY REGION
132
  • 9.1 INTRODUCTION
  • 9.2 NORTH AMERICA
    RECESSION IMPACT ON SMART GRIDS MARKET IN NORTH AMERICA
    US
    - Government-led initiatives to enhance grid infrastructure to drive market
    CANADA
    - Rising emphasis on sustainable and net-zero economy to boost demand
    MEXICO
    - Increasing deployment of advanced metering infrastructure to accelerate demand
  • 9.3 EUROPE
    RECESSION IMPACT ON SMART GRIDS MARKET IN EUROPE
    GERMANY
    - Rising emphasis on modernizing power infrastructure to fuel market growth
    UK
    - Government-led initiatives to deploy smart meters to drive market
    FRANCE
    - Increasing focus on integrating renewable energy into power sector to accelerate demand
    ITALY
    - Growing focus on upgrading existing smart grid infrastructure to fuel market growth
    RUSSIA
    - Growing importance of railway substation automation to accelerate demand
    SPAIN
    - Rising emphasis on developing flexible and adaptive grid systems to offer lucrative growth opportunities
    REST OF EUROPE
  • 9.4 ASIA PACIFIC
    RECESSION IMPACT ON SMART GRIDS MARKET IN ASIA PACIFIC
    CHINA
    - Increasing deployment of solar PV systems to boost demand
    JAPAN
    - Growing need to create sustainable urban energy model to fuel market growth
    SOUTH KOREA
    - Rising emphasis on developing EV charging infrastructure to drive market
    INDIA
    - Increasing integration of AI and ML in smart grid for predictive maintenance to fuel market growth
    AUSTRALIA
    - Growing need to reduce energy losses in electric utilities to drive market
    REST OF ASIA PACIFIC
  • 9.5 MIDDLE EAST & AFRICA
    RECESSION IMPACT ON SMART GRIDS MARKET IN MIDDLE EAST & AFRICA
    GCC
    - Saudi Arabia
    - UAE
    - QATAR
    - Rest of GCC
    SOUTH AFRICA
    - Rising integration of renewable energy sources into smart grids to boost demand
    IRAN
    - Increasing initiatives to deploy smart meters in residential, commercial, and industrial sectors to support market growth
    REST OF MIDDLE EAST & AFRICA
  • 9.6 SOUTH AMERICA
    RECESSION IMPACT ON SMART GRIDS MARKET IN SOUTH AMERICA
    BRAZIL
    - Surging deployment of solar units to drive market
    ARGENTINA
    - Rising need to improve supply of electric energy to boost demand
    COLOMBIA
    - Increasing participation of private sector to innovate smart grid infrastructure to boost demand
    REST OF SOUTH AMERICA
COMPETITIVE LANDSCAPE
247
  • 10.1 OVERVIEW
  • 10.2 KEY PLAYER STRATEGIES/RIGHT TO WIN, 2021–2025
  • 10.3 MARKET SHARE ANALYSIS, 2023
  • 10.4 REVENUE ANALYSIS, 2019–2023
  • 10.5 COMPANY EVALUATION MATRIX: KEY PLAYERS, 2023
    STARS
    EMERGING LEADERS
    PERVASIVE PLAYERS
    PARTICIPANTS
    COMPANY FOOTPRINT: KEY PLAYERS, 2023
    - Company footprint
    - Offering footprint
    - End-use application footprint
    - Communication technology footprint
    - Region footprint
  • 10.6 COMPANY EVALUATION MATRIX: STARTUPS/SMES, 2023
    PROGRESSIVE COMPANIES
    RESPONSIVE COMPANIES
    DYNAMIC COMPANIES
    STARTING BLOCKS
    COMPETITIVE BENCHMARKING: STARTUPS/SMES, 2023
    - Detailed list of key startups/SMEs
    - Competitive benchmarking of key startups/SMEs
  • 10.7 COMPANY VALUATION AND FINANCIAL METRICS
  • 10.8 BRAND/PRODUCT COMPARISON
  • 10.9 COMPETITIVE SCENARIO AND TRENDS
    PRODUCT LAUNCHES
    DEALS
    EXPANSIONS
    OTHER DEVELOPMENTS
COMPANY PROFILES
272
  • 11.1 KEY PLAYERS
    ABB
    - Business overview
    - Products/Services/Solutions offered
    - Recent developments
    - MnM view
    SIEMENS
    - Business overview
    - Products/Services/Solutions offered
    - Recent developments
    - MnM view
    SCHNEIDER ELECTRIC
    - Business overview
    - Products/Services/Solutions offered
    - Recent developments
    - MnM view
    ITRON INC.
    - Business overview
    - Products/Services/Solutions offered
    - Recent developments
    - MnM view
    GE VERNOVA
    - Business overview
    - Products/Services/Solutions offered
    - Recent developments
    - MnM view
    CISCO SYSTEMS, INC.
    - Business overview
    - Products/Services/Solutions offered
    - Recent developments
    ORACLE
    - Business overview
    - Products/Services/Solutions offered
    - Recent developments
    HONEYWELL INTERNATIONAL INC.
    - Business overview
    - Products/Services/Solutions offered
    - Recent developments
    EATON
    - Business overview
    - Products/Services/Solutions offered
    - Recent developments
    TECH MAHINDRA LIMITED
    - Business overview
    - Products/Services/Solutions offered
    TANTALUS
    - Business overview
    - Products/Services/Solutions offered
    - Recent developments
    MITSUBISHI ELECTRIC CORPORATION
    - Business overview
    - Products/Services/Solutions offered
    - Recent developments
    WIPRO
    - Business overview
    - Products/Services/Solutions offered
    - Recent developments
    TRILLIANT HOLDINGS INC.
    - Business overview
    - Products/Services/Solutions offered
    - Recent developments
    KAMSTRUP
    - Business overview
    - Products/Services/Solutions offered
    - Recent developments
    XYLEM
    - Business overview
    - Products/Services/Solutions offered
    - Recent developments
  • 11.2 OTHER PLAYERS
    ENEL X S.R.L.
    ESMART SYSTEMS
    GRID4C
    NETWORKED ENERGY SERVICES
    HITACHI ENERGY LTD.
    LANDIS+GYR
    SAGEMCOM
    S&C ELECTRIC COMPANY
    EDMI LIMITED
APPENDIX
342
  • 12.1 INSIGHTS FROM INDUSTRY EXPERTS
  • 12.2 DISCUSSION GUIDE
  • 12.3 KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL
  • 12.4 CUSTOMIZATION OPTIONS
  • 12.5 RELATED REPORTS
  • 12.6 AUTHOR DETAILS
LIST OF TABLES
 
  • TABLE 1 OFFERING: INCLUSIONS AND EXCLUSIONS
  • TABLE 2 COMMUNICATION TECHNOLOGY: INCLUSIONS AND EXCLUSIONS
  • TABLE 3 END-USE APPLICATION: INCLUSIONS AND EXCLUSIONS
  • TABLE 4 REGION: INCLUSIONS AND EXCLUSIONS
  • TABLE 5 SMART GRID MARKET SNAPSHOT
  • TABLE 6 LIST OF FUNDED SMART GRID PROGRAMS, 2023
  • TABLE 7 GLOBAL DATA ON ELECTRICITY USAGE BY DATA CENTERS, 2020–2029
  • TABLE 8 ROLES OF COMPANIES IN SMART GRID ECOSYSTEM
  • TABLE 9 FUNDING DETAIL OF TOP PLAYERS, 2022–2023
  • TABLE 10 EXPORT DATA FOR HS CODE 902830-COMPLIANT PRODUCTS, BY COUNTRY, 2021–2023 (USD THOUSAND)
  • TABLE 11 IMPORT DATA FOR HS CODE 902830-COMPLIANT PRODUCTS, BY COUNTRY, 2021–2023 (USD THOUSAND)
  • TABLE 12 LIST OF APPLIED/GRANTED PATENTS RELATED TO SMART GRIDS, 2021–2024
  • TABLE 13 SMART GRID MARKET: LIST OF KEY CONFERENCES AND EVENTS, 2025
  • TABLE 14 AVERAGE SELLING PRICE TREND OF HARDWARE OFFERINGS, BY REGION, 2021–2023 (USD/UNIT)
  • TABLE 15 INDICATIVE PRICING TREND OF HARDWARE OFFERINGS, 2021–2023
  • TABLE 16 IMPORT TARIFF FOR HS CODE 902830-COMPLIANT PRODUCTS, 2023
  • TABLE 17 NORTH AMERICA: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
  • TABLE 18 EUROPE: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
  • TABLE 19 ASIA PACIFIC: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
  • TABLE 20 MIDDLE EAST & AFRICA: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
  • TABLE 21 SOUTH AMERICA: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
  • TABLE 22 GLOBAL CODES AND REGULATIONS RELATED TO SMART GRIDS
  • TABLE 23 SMART GRID MARKET: PORTER’S FIVE FORCES ANALYSIS
  • TABLE 24 INFLUENCE OF KEY STAKEHOLDERS ON BUYING PROCESS, BY END-USE APPLICATION (%)
  • TABLE 25 KEY BUYING CRITERIA, BY END-USE APPLICATION
  • TABLE 26 SMART GRIDS MARKET, BY OFFERING, 2021–2023 (USD MILLION)
  • TABLE 27 SMART GRID MARKET, BY OFFERING, 2024–2029 (USD MILLION)
  • TABLE 28 SOFTWARE: SMART GRID MARKET, BY TYPE, 2021–2023 (USD MILLION)
  • TABLE 29 SOFTWARE: MARKET, BY TYPE, 2024–2029 (USD MILLION)
  • TABLE 30 SOFTWARE: MARKET, BY REGION, 2021–2023 (USD MILLION)
  • TABLE 31 SOFTWARE: MARKET, BY REGION, 2024–2029 (USD MILLION)
  • TABLE 32 ADVANCED METERING INFRASTRUCTURE SYSTEMS: MARKET, BY REGION, 2021–2023 (USD MILLION)
  • TABLE 33 ADVANCED METERING INFRASTRUCTURE SYSTEMS: MARKET, BY REGION, 2024–2029 (USD MILLION)
  • TABLE 34 SMART GRID DISTRIBUTION MANAGEMENT SYSTEMS: MARKET, BY REGION, 2021–2023 (USD MILLION)
  • TABLE 35 SMART GRID DISTRIBUTION MANAGEMENT SYSTEMS: MARKET, BY REGION, 2024–2029 (USD MILLION)
  • TABLE 36 SMART GRID NETWORK MANAGEMENT SYSTEMS: MARKET, BY REGION, 2021–2023 (USD MILLION)
  • TABLE 37 SMART GRID NETWORK MANAGEMENT SYSTEMS: MARKET, BY REGION, 2024–2029 (USD MILLION)
  • TABLE 38 GRID ASSET MANAGEMENT SYSTEMS: MARKET, BY REGION, 2021–2023 (USD MILLION)
  • TABLE 39 GRID ASSET MANAGEMENT SYSTEMS: MARKET, BY REGION, 2024–2029 (USD MILLION)
  • TABLE 40 SUBSTATION AUTOMATION SYSTEMS: MARKET, BY REGION, 2021–2023 (USD MILLION)
  • TABLE 41 SUBSTATION AUTOMATION SYSTEMS: MARKET, BY REGION, 2024–2029 (USD MILLION)
  • TABLE 42 SMART GRID SECURITY SYSTEMS: MARKET, BY REGION, 2021–2023 (USD MILLION)
  • TABLE 43 SMART GRID SECURITY SYSTEMS: MARKET, BY REGION, 2024–2029 (USD MILLION)
  • TABLE 44 BILLING AND CUSTOMER INFORMATION SYSTEMS: MARKET, BY REGION, 2021–2023 (USD MILLION)
  • TABLE 45 BILLING AND CUSTOMER INFORMATION SYSTEMS: MARKET, BY REGION, 2024–2029 (USD MILLION)
  • TABLE 46 HARDWARE: SMART GRID MARKET, BY TYPE, 2021–2023 (USD MILLION)
  • TABLE 47 HARDWARE: MARKET, BY TYPE, 2024–2029 (USD MILLION)
  • TABLE 48 HARDWARE: MARKET, BY REGION, 2021–2023 (USD MILLION)
  • TABLE 49 HARDWARE: MARKET, BY REGION, 2024–2029 (USD MILLION)
  • TABLE 50 SMART METERS: MARKET, BY REGION, 2021–2023 (USD MILLION)
  • TABLE 51 SMART METERS: MARKET, BY REGION, 2024–2029 (USD MILLION)
  • TABLE 52 SMART METERS: MARKET, BY REGION, 2021–2023 (THOUSAND UNITS)
  • TABLE 53 SMART METERS: MARKET, BY REGION, 2024–2029 (THOUSAND UNITS)
  • TABLE 54 SENSORS: SMART GRIDS MARKET, BY REGION, 2021–2023 (USD MILLION)
  • TABLE 55 SENSORS: MARKET, BY REGION, 2024–2029 (USD MILLION)
  • TABLE 56 PROGRAMMABLE LOGIC CONTROLLERS: MARKET, BY REGION, 2021–2023 (USD MILLION)
  • TABLE 57 PROGRAMMABLE LOGIC CONTROLLERS: MARKET, BY REGION, 2024–2029 (USD MILLION)
  • TABLE 58 OTHERS: SMART GRIDS MARKET, BY REGION, 2021–2023 (USD MILLION)
  • TABLE 59 OTHERS: MARKET, BY REGION, BY REGION, 2024–2029 (USD MILLION)
  • TABLE 60 SERVICES: SMART GRIDS MARKET, BY TYPE, 2021–2023 (USD MILLION)
  • TABLE 61 SERVICES: MARKET, BY TYPE, 2024–2029 (USD MILLION)
  • TABLE 62 SERVICES: MARKET, BY REGION, 2021–2023 (USD MILLION)
  • TABLE 63 SERVICES: MARKET, BY REGION, 2024–2029 (USD MILLION)
  • TABLE 64 CONSULTING: MARKET, BY REGION, 2021–2023 (USD MILLION)
  • TABLE 65 CONSULTING: MARKET, BY REGION, 2024–2029 (USD MILLION)
  • TABLE 66 DEPLOYMENT AND INTEGRATION: MARKET, BY REGION, 2021–2023 (USD MILLION)
  • TABLE 67 DEPLOYMENT AND INTEGRATION: MARKET, BY REGION, 2024–2029 (USD MILLION)
  • TABLE 68 SUPPORT AND MAINTENANCE: MARKET, BY REGION, 2021–2023 (USD MILLION)
  • TABLE 69 SUPPORT AND MAINTENANCE: MARKET, BY REGION, 2024–2029 (USD MILLION)
  • TABLE 70 MARKET, BY END-USE APPLICATION, 2021–2023 (USD MILLION)
  • TABLE 71 SMART GRID MARKET, BY END-USE APPLICATION, 2024–2029 (USD MILLION)
  • TABLE 72 GENERATION: SMART GRIDS MARKET, BY REGION, 2021–2023 (USD MILLION)
  • TABLE 73 GENERATION: MARKET, BY REGION, 2024–2029 (USD MILLION)
  • TABLE 74 TRANSMISSION: MARKET, BY REGION, 2021–2023 (USD MILLION)
  • TABLE 75 TRANSMISSION: MARKET, BY REGION, 2024–2029 (USD MILLION)
  • TABLE 76 DISTRIBUTION: MARKET, BY REGION, 2021–2023 (USD MILLION)
  • TABLE 77 DISTRIBUTION: MARKET, BY REGION, 2024–2029 (USD MILLION)
  • TABLE 78 CONSUMPTION: MARKET, BY REGION, 2021–2023 (USD MILLION)
  • TABLE 79 CONSUMPTION: MARKET, BY REGION, 2024–2029 (USD MILLION)
  • TABLE 80 MARKET, BY COMMUNICATION TECHNOLOGY, 2021–2023 (USD MILLION)
  • TABLE 81 SMART GRID MARKET, BY COMMUNICATION TECHNOLOGY, 2024–2029 (USD MILLION)
  • TABLE 82 WIRELINE: SMART GRIDS MARKET, BY REGION, 2021–2023 (USD MILLION)
  • TABLE 83 WIRELINE: MARKET, BY REGION, 2024–2029 (USD MILLION)
  • TABLE 84 WIRELESS: MARKET, BY REGION, 2021–2023 (USD MILLION)
  • TABLE 85 WIRELESS: MARKET, BY REGION, 2024–2029 (USD MILLION)
  • TABLE 86 MARKET, BY REGION, 2021–2023 (USD MILLION)
  • TABLE 87 SMART GRID MARKET, BY REGION, 2024–2029 (USD MILLION)
  • TABLE 88 NORTH AMERICA: SMART GRID MARKET, BY OFFERING, 2021–2023 (USD MILLION)
  • TABLE 89 NORTH AMERICA: MARKET, BY OFFERING, 2024–2029 (USD MILLION)
  • TABLE 90 NORTH AMERICA: MARKET FOR SOFTWARE, BY TYPE, 2021–2023 (USD MILLION)
  • TABLE 91 NORTH AMERICA: MARKET FOR SOFTWARE, BY TYPE, 2024–2029 (USD MILLION)
  • TABLE 92 NORTH AMERICA: MARKET FOR HARDWARE, BY TYPE, 2021–2023 (USD MILLION)
  • TABLE 93 NORTH AMERICA: MARKET FOR HARDWARE, BY TYPE, 2024–2029 (USD MILLION)
  • TABLE 94 NORTH AMERICA: MARKET FOR SERVICES, BY TYPE, 2021–2023 (USD MILLION)
  • TABLE 95 NORTH AMERICA: MARKET FOR SERVICES, BY TYPE, 2024–2029 (USD MILLION)
  • TABLE 96 NORTH AMERICA: MARKET, BY END-USE APPLICATION, 2021–2023 (USD MILLION)
  • TABLE 97 NORTH AMERICA: MARKET, BY END-USE APPLICATION, 2024–2029 (USD MILLION)
  • TABLE 98 NORTH AMERICA: MARKET, BY COMMUNICATION TECHNOLOGY, 2021–2023 (USD MILLION)
  • TABLE 99 NORTH AMERICA: MARKET, BY COMMUNICATION TECHNOLOGY, 2024–2029 (USD MILLION)
  • TABLE 100 NORTH AMERICA: MARKET, BY COUNTRY, 2021–2023 (USD MILLION)
  • TABLE 101 NORTH AMERICA: MARKET, BY COUNTRY, 2024–2029 (USD MILLION)
  • TABLE 102 US: SMART GRID MARKET, BY OFFERING, 2021–2023 (USD MILLION)
  • TABLE 103 US: MARKET, BY OFFERING, 2024–2029 (USD MILLION)
  • TABLE 104 US: MARKET FOR SOFTWARE, BY TYPE, 2021–2023 (USD MILLION)
  • TABLE 105 US: MARKET FOR SOFTWARE, BY TYPE, 2024–2029 (USD MILLION)
  • TABLE 106 US: MARKET FOR HARDWARE, BY TYPE, 2021–2023 (USD MILLION)
  • TABLE 107 US: MARKET FOR HARDWARE, BY TYPE, 2024–2029 (USD MILLION)
  • TABLE 108 US: MARKET FOR SERVICES, BY TYPE, 2021–2023 (USD MILLION)
  • TABLE 109 US: MARKET FOR SERVICES, BY TYPE, 2024–2029 (USD MILLION)
  • TABLE 110 CANADA: SMART GRID MARKET, BY OFFERING, 2021–2023 (USD MILLION)
  • TABLE 111 CANADA: MARKET, BY OFFERING, 2024–2029 (USD MILLION)
  • TABLE 112 CANADA: MARKET FOR SOFTWARE, BY TYPE, 2021–2023 (USD MILLION)
  • TABLE 113 CANADA: MARKET FOR SOFTWARE, BY TYPE, 2024–2029 (USD MILLION)
  • TABLE 114 CANADA: MARKET FOR HARDWARE, BY TYPE, 2021–2023 (USD MILLION)
  • TABLE 115 CANADA: MARKET FOR HARDWARE, BY TYPE, 2024–2029 (USD MILLION)
  • TABLE 116 CANADA: MARKET FOR SERVICES, BY TYPE, 2021–2023 (USD MILLION)
  • TABLE 117 CANADA: MARKET FOR SERVICES, BY TYPE, 2024–2029 (USD MILLION)
  • TABLE 118 MEXICO: MARKET, BY OFFERING, 2021–2023 (USD MILLION)
  • TABLE 119 MEXICO: MARKET, BY OFFERING, 2024–2029 (USD MILLION)
  • TABLE 120 MEXICO: MARKET FOR SOFTWARE, BY TYPE, 2021–2023 (USD MILLION)
  • TABLE 121 MEXICO: MARKET FOR SOFTWARE, BY TYPE, 2024–2029 (USD MILLION)
  • TABLE 122 MEXICO: MARKET FOR HARDWARE, BY TYPE, 2021–2023 (USD MILLION)
  • TABLE 123 MEXICO: MARKET FOR HARDWARE, BY TYPE, 2024–2029 (USD MILLION)
  • TABLE 124 MEXICO: MARKET FOR SERVICES, BY TYPE, 2021–2023 (USD MILLION)
  • TABLE 125 MEXICO: MARKET FOR SERVICES, BY TYPE, 2024–2029 (USD MILLION)
  • TABLE 126 EUROPE: SMART GRID MARKET, BY OFFERING, 2021–2023 (USD MILLION)
  • TABLE 127 EUROPE: MARKET, BY OFFERING, 2024–2029 (USD MILLION)
  • TABLE 128 EUROPE: MARKET FOR SOFTWARE, BY TYPE, 2021–2023 (USD MILLION)
  • TABLE 129 EUROPE: MARKET FOR SOFTWARE, BY TYPE, 2024–2029 (USD MILLION)
  • TABLE 130 EUROPE: MARKET FOR HARDWARE, BY TYPE, 2021–2023 (USD MILLION)
  • TABLE 131 EUROPE: MARKET FOR HARDWARE, BY TYPE, 2024–2029 (USD MILLION)
  • TABLE 132 EUROPE: MARKET FOR SERVICES, BY TYPE, 2021–2023 (USD MILLION)
  • TABLE 133 EUROPE: MARKET FOR SERVICES, BY TYPE, 2024–2029 (USD MILLION)
  • TABLE 134 EUROPE: MARKET, BY END-USE APPLICATION, 2021–2023 (USD MILLION)
  • TABLE 135 EUROPE: MARKET, BY END-USE APPLICATION, 2024–2029 (USD MILLION)
  • TABLE 136 EUROPE: MARKET, BY COMMUNICATION TECHNOLOGY, 2021–2023 (USD MILLION)
  • TABLE 137 EUROPE: MARKET, BY COMMUNICATION TECHNOLOGY, 2024–2029 (USD MILLION)
  • TABLE 138 EUROPE: MARKET, BY COUNTRY, 2021–2023 (USD MILLION)
  • TABLE 139 EUROPE: MARKET, BY COUNTRY, 2024–2029 (USD MILLION)
  • TABLE 140 GERMANY: SMART GRID MARKET, BY OFFERING, 2021–2023 (USD MILLION)
  • TABLE 141 GERMANY: MARKET, BY OFFERING, 2024–2029 (USD MILLION)
  • TABLE 142 GERMANY: MARKET FOR SOFTWARE, BY TYPE, 2021–2023 (USD MILLION)
  • TABLE 143 GERMANY: MARKET FOR SOFTWARE, BY TYPE, 2024–2029 (USD MILLION)
  • TABLE 144 GERMANY: MARKET FOR HARDWARE, BY TYPE, 2021–2023 (USD MILLION)
  • TABLE 145 GERMANY: MARKET FOR HARDWARE, BY TYPE, 2024–2029 (USD MILLION)
  • TABLE 146 GERMANY: MARKET FOR SERVICES, BY TYPE, 2021–2023 (USD MILLION)
  • TABLE 147 GERMANY: MARKET FOR SERVICES, BY TYPE, 2024–2029 (USD MILLION)
  • TABLE 148 UK: SMART GRID MARKET, BY OFFERING, 2021–2023 (USD MILLION)
  • TABLE 149 UK: MARKET, BY OFFERING, 2024–2029 (USD MILLION)
  • TABLE 150 UK: MARKET FOR SOFTWARE, BY TYPE, 2021–2023 (USD MILLION)
  • TABLE 151 UK: MARKET FOR SOFTWARE, BY TYPE, 2024–2029 (USD MILLION)
  • TABLE 152 UK: MARKET FOR HARDWARE, BY TYPE, 2021–2023 (USD MILLION)
  • TABLE 153 UK: MARKET FOR HARDWARE, BY TYPE, 2024–2029 (USD MILLION)
  • TABLE 154 UK: MARKET FOR SERVICES, BY TYPE, 2021–2023 (USD MILLION)
  • TABLE 155 UK: MARKET FOR SERVICES, BY TYPE, 2024–2029 (USD MILLION)
  • TABLE 156 FRANCE: MARKET, BY OFFERING, 2021–2023 (USD MILLION)
  • TABLE 157 FRANCE: MARKET, BY OFFERING, 2024–2029 (USD MILLION)
  • TABLE 158 FRANCE: MARKET FOR SOFTWARE, BY TYPE, 2021–2023 (USD MILLION)
  • TABLE 159 FRANCE: MARKET FOR SOFTWARE, BY TYPE, 2024–2029 (USD MILLION)
  • TABLE 160 FRANCE: MARKET FOR HARDWARE, BY TYPE, 2021–2023 (USD MILLION)
  • TABLE 161 FRANCE: MARKET FOR HARDWARE, BY TYPE, 2024–2029 (USD MILLION)
  • TABLE 162 FRANCE: MARKET FOR SERVICES, BY TYPE, 2021–2023 (USD MILLION)
  • TABLE 163 FRANCE: MARKET FOR SERVICES, BY TYPE, 2024–2029 (USD MILLION)
  • TABLE 164 ITALY: SMART GRID MARKET, BY OFFERING, 2021–2023 (USD MILLION)
  • TABLE 165 ITALY: MARKET, BY OFFERING, 2024–2029 (USD MILLION)
  • TABLE 166 ITALY: MARKET FOR SOFTWARE, BY TYPE, 2021–2023 (USD MILLION)
  • TABLE 167 ITALY: MARKET FOR SOFTWARE, BY TYPE, 2024–2029 (USD MILLION)
  • TABLE 168 ITALY: MARKET FOR HARDWARE, BY TYPE, 2021–2023 (USD MILLION)
  • TABLE 169 ITALY: MARKET FOR HARDWARE, BY TYPE, 2024–2029 (USD MILLION)
  • TABLE 170 ITALY: MARKET FOR SERVICES, BY TYPE, 2021–2023 (USD MILLION)
  • TABLE 171 ITALY: MARKET FOR SERVICES, BY TYPE, 2024–2029 (USD MILLION)
  • TABLE 172 RUSSIA: MARKET, BY OFFERING, 2021–2023 (USD MILLION)
  • TABLE 173 RUSSIA: MARKET, BY OFFERING, 2024–2029 (USD MILLION)
  • TABLE 174 RUSSIA: MARKET FOR SOFTWARE, BY TYPE, 2021–2023 (USD MILLION)
  • TABLE 175 RUSSIA: MARKET FOR SOFTWARE, BY TYPE, 2024–2029 (USD MILLION)
  • TABLE 176 RUSSIA: MARKET FOR HARDWARE, BY TYPE, 2021–2023 (USD MILLION)
  • TABLE 177 RUSSIA: MARKET FOR HARDWARE, BY TYPE, 2024–2029 (USD MILLION)
  • TABLE 178 RUSSIA: MARKET FOR SERVICES, BY TYPE, 2021–2023 (USD MILLION)
  • TABLE 179 RUSSIA: MARKET FOR SERVICES, BY TYPE, 2024–2029 (USD MILLION)
  • TABLE 180 SPAIN: SMART GRID MARKET, BY OFFERING, 2021–2023 (USD MILLION)
  • TABLE 181 SPAIN: MARKET, BY OFFERING, 2024–2029 (USD MILLION)
  • TABLE 182 SPAIN: MARKET FOR SOFTWARE, BY TYPE, 2021–2023 (USD MILLION)
  • TABLE 183 SPAIN: MARKET FOR SOFTWARE, BY TYPE, 2024–2029 (USD MILLION)
  • TABLE 184 SPAIN: MARKET FOR HARDWARE, BY TYPE, 2021–2023 (USD MILLION)
  • TABLE 185 SPAIN: MARKET FOR HARDWARE, BY TYPE, 2024–2029 (USD MILLION)
  • TABLE 186 SPAIN: MARKET FOR SERVICES, BY TYPE, 2021–2023 (USD MILLION)
  • TABLE 187 SPAIN: MARKET FOR SERVICES, BY TYPE, 2024–2029 (USD MILLION)
  • TABLE 188 REST OF EUROPE: MARKET, BY OFFERING, 2021–2023 (USD MILLION)
  • TABLE 189 REST OF EUROPE: MARKET, BY OFFERING, 2024–2029 (USD MILLION)
  • TABLE 190 REST OF EUROPE: MARKET FOR SOFTWARE, BY TYPE, 2021–2023 (USD MILLION)
  • TABLE 191 REST OF EUROPE: MARKET FOR SOFTWARE, BY TYPE, 2024–2029 (USD MILLION)
  • TABLE 192 REST OF EUROPE: MARKET FOR HARDWARE, BY TYPE, 2021–2023 (USD MILLION)
  • TABLE 193 REST OF EUROPE: MARKET FOR HARDWARE, BY TYPE, 2024–2029 (USD MILLION)
  • TABLE 194 REST OF EUROPE: MARKET FOR SERVICES, BY TYPE, 2021–2023 (USD MILLION)
  • TABLE 195 REST OF EUROPE: MARKET FOR SERVICES, BY TYPE, 2024–2029 (USD MILLION)
  • TABLE 196 ASIA PACIFIC: SMART GRID MARKET, BY OFFERING, 2021–2023 (USD MILLION)
  • TABLE 197 ASIA PACIFIC: MARKET, BY OFFERING, 2024–2029 (USD MILLION)
  • TABLE 198 ASIA PACIFIC: MARKET FOR SOFTWARE, BY OFFERING, 2021–2023 (USD MILLION)
  • TABLE 199 ASIA PACIFIC: MARKET FOR SOFTWARE, BY TYPE, 2024–2029 (USD MILLION)
  • TABLE 200 ASIA PACIFIC: MARKET FOR HARDWARE, BY TYPE, 2021–2023 (USD MILLION)
  • TABLE 201 ASIA PACIFIC: MARKET FOR HARDWARE, BY TYPE, 2024–2029 (USD MILLION)
  • TABLE 202 ASIA PACIFIC: MARKET FOR SERVICES, BY TYPE, 2021–2023 (USD MILLION)
  • TABLE 203 ASIA PACIFIC: MARKET FOR SERVICES, BY TYPE, 2024–2029 (USD MILLION)
  • TABLE 204 ASIA PACIFIC: MARKET, BY END-USE APPLICATION, 2021–2023 (USD MILLION)
  • TABLE 205 ASIA PACIFIC: MARKET, BY END-USE APPLICATION, 2024–2029 (USD MILLION)
  • TABLE 206 ASIA PACIFIC: MARKET, BY COMMUNICATION TECHNOLOGY, 2021–2023 (USD MILLION)
  • TABLE 207 ASIA PACIFIC: MARKET, BY COMMUNICATION TECHNOLOGY, 2024–2029 (USD MILLION)
  • TABLE 208 ASIA PACIFIC: MARKET, BY COUNTRY, 2021–2023 (USD MILLION)
  • TABLE 209 ASIA PACIFIC: MARKET, BY COUNTRY, 2024–2029 (USD MILLION)
  • TABLE 210 CHINA: MARKET, BY OFFERING, 2021–2023 (USD MILLION)
  • TABLE 211 CHINA: MARKET, BY OFFERING, 2024–2029 (USD MILLION)
  • TABLE 212 CHINA: MARKET FOR SOFTWARE, BY TYPE, 2021–2023 (USD MILLION)
  • TABLE 213 CHINA: MARKET FOR SOFTWARE, BY TYPE, 2024–2029 (USD MILLION)
  • TABLE 214 CHINA: MARKET FOR HARDWARE, BY TYPE, 2021–2023 (USD MILLION)
  • TABLE 215 CHINA: MARKET FOR HARDWARE, BY TYPE, 2024–2029 (USD MILLION)
  • TABLE 216 CHINA: MARKET FOR SERVICES, BY TYPE, 2021–2023 (USD MILLION)
  • TABLE 217 CHINA: MARKET FOR SERVICES, BY TYPE, 2024–2029 (USD MILLION)
  • TABLE 218 JAPAN: SMART GRID MARKET, BY OFFERING, 2021–2023 (USD MILLION)
  • TABLE 219 JAPAN: MARKET, BY OFFERING, 2024–2029 (USD MILLION)
  • TABLE 220 JAPAN: MARKET FOR SOFTWARE, BY TYPE, 2021–2023 (USD MILLION)
  • TABLE 221 JAPAN: MARKET FOR SOFTWARE, BY TYPE, 2024–2029 (USD MILLION)
  • TABLE 222 JAPAN: MARKET FOR HARDWARE, BY TYPE, 2021–2023 (USD MILLION)
  • TABLE 223 JAPAN: MARKET FOR HARDWARE, BY TYPE, 2024–2029 (USD MILLION)
  • TABLE 224 JAPAN: MARKET FOR SERVICES, BY TYPE, 2021–2023 (USD MILLION)
  • TABLE 225 JAPAN: MARKET FOR SERVICES, BY TYPE, 2024–2029 (USD MILLION)
  • TABLE 226 SOUTH KOREA: SMART GRID MARKET, BY OFFERING, 2021–2023 (USD MILLION)
  • TABLE 227 SOUTH KOREA: MARKET, BY OFFERING, 2024–2029 (USD MILLION)
  • TABLE 228 SOUTH KOREA: MARKET FOR SOFTWARE, BY TYPE, 2021–2023 (USD MILLION)
  • TABLE 229 SOUTH KOREA: MARKET FOR SOFTWARE, BY TYPE, 2024–2029 (USD MILLION)
  • TABLE 230 SOUTH KOREA: MARKET FOR HARDWARE, BY TYPE, 2021–2023 (USD MILLION)
  • TABLE 231 SOUTH KOREA: MARKET FOR HARDWARE, BY TYPE, 2024–2029 (USD MILLION)
  • TABLE 232 SOUTH KOREA: MARKET FOR SERVICES, BY TYPE, 2021–2023 (USD MILLION)
  • TABLE 233 SOUTH KOREA: MARKET FOR SERVICES, BY TYPE, 2024–2029 (USD MILLION)
  • TABLE 234 INDIA: MARKET, BY OFFERING, 2021–2023 (USD MILLION)
  • TABLE 235 INDIA: MARKET, BY OFFERING, 2024–2029 (USD MILLION)
  • TABLE 236 INDIA: MARKET FOR SOFTWARE, BY TYPE, 2021–2023 (USD MILLION)
  • TABLE 237 INDIA: MARKET FOR SOFTWARE, BY TYPE, 2024–2029 (USD MILLION)
  • TABLE 238 INDIA: MARKET FOR HARDWARE, BY TYPE, 2021–2023 (USD MILLION)
  • TABLE 239 INDIA: MARKET FOR HARDWARE, BY TYPE, 2024–2029 (USD MILLION)
  • TABLE 240 INDIA: MARKET FOR SERVICES, BY TYPE, 2021–2023 (USD MILLION)
  • TABLE 241 INDIA: MARKET FOR SERVICES, BY TYPE, 2024–2029 (USD MILLION)
  • TABLE 242 AUSTRALIA: SMART GRID MARKET, BY OFFERING, 2021–2023 (USD MILLION)
  • TABLE 243 AUSTRALIA: MARKET, BY OFFERING, 2024–2029 (USD MILLION)
  • TABLE 244 AUSTRALIA: MARKET FOR SOFTWARE, BY TYPE, 2021–2023 (USD MILLION)
  • TABLE 245 AUSTRALIA: MARKET FOR SOFTWARE, BY TYPE, 2024–2029 (USD MILLION)
  • TABLE 246 AUSTRALIA: MARKET FOR HARDWARE, BY TYPE, 2021–2023 (USD MILLION)
  • TABLE 247 AUSTRALIA: MARKET FOR HARDWARE, BY TYPE, 2024–2029 (USD MILLION)
  • TABLE 248 AUSTRALIA: MARKET FOR SERVICES, BY TYPE, 2021–2023 (USD MILLION)
  • TABLE 249 AUSTRALIA: MARKET FOR SERVICES, BY TYPE, 2024–2029 (USD MILLION)
  • TABLE 250 REST OF ASIA PACIFIC: MARKET, BY OFFERING, 2021–2023 (USD MILLION)
  • TABLE 251 REST OF ASIA PACIFIC: MARKET, BY OFFERING, 2024–2029 (USD MILLION)
  • TABLE 252 REST OF ASIA PACIFIC: MARKET FOR SOFTWARE, BY TYPE, 2021–2023 (USD MILLION)
  • TABLE 253 REST OF ASIA PACIFIC: MARKET FOR SOFTWARE, BY TYPE, 2024–2029 (USD MILLION)
  • TABLE 254 REST OF ASIA PACIFIC: MARKET FOR HARDWARE, BY TYPE, 2021–2023 (USD MILLION)
  • TABLE 255 REST OF ASIA PACIFIC: MARKET FOR HARDWARE, BY TYPE, 2024–2029 (USD MILLION)
  • TABLE 256 REST OF ASIA PACIFIC: MARKET FOR SERVICES, BY TYPE, 2021–2023 (USD MILLION)
  • TABLE 257 REST OF ASIA PACIFIC: MARKET FOR SERVICES, BY TYPE, 2024–2029 (USD MILLION)
  • TABLE 258 MIDDLE EAST & AFRICA: SMART GRID MARKET, BY OFFERING, 2021–2023 (USD MILLION)
  • TABLE 259 MIDDLE EAST & AFRICA: MARKET, BY OFFERING, 2024–2029 (USD MILLION)
  • TABLE 260 MIDDLE EAST & AFRICA: MARKET FOR SOFTWARE, BY TYPE, 2021–2023 (USD MILLION)
  • TABLE 261 MIDDLE EAST & AFRICA: MARKET FOR SOFTWARE, BY TYPE, 2024–2029 (USD MILLION)
  • TABLE 262 MIDDLE EAST & AFRICA: MARKET FOR HARDWARE, BY TYPE, 2021–2023 (USD MILLION)
  • TABLE 263 MIDDLE EAST & AFRICA: MARKET FOR HARDWARE, BY TYPE, 2024–2029 (USD MILLION)
  • TABLE 264 MIDDLE EAST & AFRICA: MARKET FOR SERVICES, BY TYPE, 2021–2023 (USD MILLION)
  • TABLE 265 MIDDLE EAST & AFRICA: MARKET FOR SERVICES, BY TYPE, 2024–2029 (USD MILLION)
  • TABLE 266 MIDDLE EAST & AFRICA: MARKET, BY END-USE APPLICATION, 2021–2023 (USD MILLION)
  • TABLE 267 MIDDLE EAST & AFRICA: MARKET, BY END-USE APPLICATION, 2024–2029 (USD MILLION)
  • TABLE 268 MIDDLE EAST & AFRICA: MARKET, BY COMMUNICATION TECHNOLOGY, 2021–2023 (USD MILLION)
  • TABLE 269 MIDDLE EAST & AFRICA: MARKET, BY COMMUNICATION TECHNOLOGY, 2024–2029 (USD MILLION)
  • TABLE 270 MIDDLE EAST & AFRICA: MARKET, BY COUNTRY, 2021–2023 (USD MILLION)
  • TABLE 271 MIDDLE EAST & AFRICA: MARKET, BY COUNTRY, 2024–2029 (USD MILLION)
  • TABLE 272 GCC: SMART GRID MARKET, BY COUNTRY, 2021–2023 (USD MILLION)
  • TABLE 273 GCC: MARKET, BY COUNTRY, 2024–2029 (USD MILLION)
  • TABLE 274 GCC: MARKET, BY OFFERING, 2021–2023 (USD MILLION)
  • TABLE 275 GCC: MARKET, BY OFFERING, 2024–2029 (USD MILLION)
  • TABLE 276 GCC: MARKET FOR SOFTWARE, BY TYPE, 2021–2023 (USD MILLION)
  • TABLE 277 GCC: MARKET FOR SOFTWARE, BY TYPE, 2024–2029 (USD MILLION)
  • TABLE 278 GCC: MARKET FOR HARDWARE, BY TYPE, 2021–2023 (USD MILLION)
  • TABLE 279 GCC: MARKET FOR HARDWARE, BY TYPE, 2024–2029 (USD MILLION)
  • TABLE 280 GCC: MARKET FOR SERVICES, BY TYPE, 2021–2023 (USD MILLION)
  • TABLE 281 GCC: MARKET FOR SERVICES, BY TYPE, 2024–2029 (USD MILLION)
  • TABLE 282 SAUDI ARABIA: SMART GRID MARKET, BY OFFERING, 2021–2023 (USD MILLION)
  • TABLE 283 SAUDI ARABIA: MARKET, BY OFFERING, 2024–2029 (USD MILLION)
  • TABLE 284 SAUDI ARABIA: MARKET FOR SOFTWARE, BY TYPE, 2021–2023 (USD MILLION)
  • TABLE 285 SAUDI ARABIA: MARKET FOR SOFTWARE, BY TYPE, 2024–2029 (USD MILLION)
  • TABLE 286 SAUDI ARABIA: MARKET FOR HARDWARE, BY TYPE, 2021–2023 (USD MILLION)
  • TABLE 287 SAUDI ARABIA: MARKET FOR HARDWARE, BY TYPE, 2024–2029 (USD MILLION)
  • TABLE 288 SAUDI ARABIA: MARKET FOR SERVICES, BY TYPE, 2021–2023 (USD MILLION)
  • TABLE 289 SAUDI ARABIA: MARKET FOR SERVICES, BY TYPE, 2024–2029 (USD MILLION)
  • TABLE 290 UAE: MARKET, BY OFFERING, 2021–2023 (USD MILLION)
  • TABLE 291 UAE: MARKET, BY OFFERING, 2024–2029 (USD MILLION)
  • TABLE 292 UAE: MARKET FOR SOFTWARE, BY TYPE, 2021–2023 (USD MILLION)
  • TABLE 293 UAE: MARKET FOR SOFTWARE, BY TYPE, 2024–2029 (USD MILLION)
  • TABLE 294 UAE: MARKET FOR HARDWARE, BY TYPE, 2021–2023 (USD MILLION)
  • TABLE 295 UAE: MARKET FOR HARDWARE, BY TYPE, 2024–2029 (USD MILLION)
  • TABLE 296 UAE: MARKET FOR SERVICES, BY TYPE, 2021–2023 (USD MILLION)
  • TABLE 297 UAE: MARKET FOR SERVICES, BY TYPE, 2024–2029 (USD MILLION)
  • TABLE 298 QATAR: SMART GRID MARKET, BY OFFERING, 2021–2023 (USD MILLION)
  • TABLE 299 QATAR: MARKET, BY OFFERING, 2024–2029 (USD MILLION)
  • TABLE 300 QATAR: MARKET FOR SOFTWARE, BY TYPE, 2021–2023 (USD MILLION)
  • TABLE 301 QATAR: MARKET FOR SOFTWARE, BY TYPE, 2024–2029 (USD MILLION)
  • TABLE 302 QATAR: MARKET FOR HARDWARE, BY TYPE, 2021–2023 (USD MILLION)
  • TABLE 303 QATAR: MARKET FOR HARDWARE, BY TYPE, 2024–2029 (USD MILLION)
  • TABLE 304 QATAR: MARKET FOR SERVICES, BY TYPE, 2021–2023 (USD MILLION)
  • TABLE 305 QATAR: MARKET FOR SERVICES, BY TYPE, 2024–2029 (USD MILLION)
  • TABLE 306 REST OF GCC: MARKET, BY OFFERING, 2021–2023 (USD MILLION)
  • TABLE 307 REST OF GCC: MARKET, BY OFFERING, 2024–2029 (USD MILLION)
  • TABLE 308 REST OF GCC: MARKET FOR SOFTWARE, BY TYPE, 2021–2023 (USD MILLION)
  • TABLE 309 REST OF GCC: MARKET FOR SOFTWARE, BY TYPE, 2024–2029 (USD MILLION)
  • TABLE 310 REST OF GCC: MARKET FOR HARDWARE, BY TYPE, 2021–2023 (USD MILLION)
  • TABLE 311 REST OF GCC: MARKET FOR HARDWARE, BY TYPE, 2024–2029 (USD MILLION)
  • TABLE 312 REST OF GCC: MARKET FOR SERVICES, BY TYPE, 2021–2023 (USD MILLION)
  • TABLE 313 REST OF GCC: MARKET FOR SERVICES, BY TYPE, 2024–2029 (USD MILLION)
  • TABLE 314 SOUTH AFRICA: SMART GRID MARKET, BY OFFERING, 2021–2023 (USD MILLION)
  • TABLE 315 SOUTH AFRICA: MARKET, BY OFFERING, 2024–2029 (USD MILLION)
  • TABLE 316 SOUTH AFRICA: MARKET FOR SOFTWARE, BY TYPE, 2021–2023 (USD MILLION)
  • TABLE 317 SOUTH AFRICA: MARKET FOR SOFTWARE, BY TYPE, 2024–2029 (USD MILLION)
  • TABLE 318 SOUTH AFRICA: MARKET FOR HARDWARE, BY TYPE, 2021–2023 (USD MILLION)
  • TABLE 319 SOUTH AFRICA: MARKET FOR HARDWARE, BY TYPE, 2024–2029 (USD MILLION)
  • TABLE 320 SOUTH AFRICA: MARKET FOR SERVICES, BY TYPE, 2021–2023 (USD MILLION)
  • TABLE 321 SOUTH AFRICA: MARKET FOR SERVICES, BY TYPE, 2024–2029 (USD MILLION)
  • TABLE 322 IRAN: MARKET, BY OFFERING, 2021–2023 (USD MILLION)
  • TABLE 323 IRAN: MARKET, BY OFFERING, 2024–2029 (USD MILLION)
  • TABLE 324 IRAN: MARKET FOR SOFTWARE, BY TYPE, 2021–2023 (USD MILLION)
  • TABLE 325 IRAN: MARKET FOR SOFTWARE, BY TYPE, 2024–2029 (USD MILLION)
  • TABLE 326 IRAN: MARKET FOR HARDWARE, BY TYPE, 2021–2023 (USD MILLION)
  • TABLE 327 IRAN: MARKET FOR HARDWARE, BY TYPE, 2024–2029 (USD MILLION)
  • TABLE 328 IRAN: MARKET FOR SERVICES, BY TYPE, 2021–2023 (USD MILLION)
  • TABLE 329 IRAN: MARKET FOR SERVICES, BY TYPE, 2024–2029 (USD MILLION)
  • TABLE 330 REST OF MIDDLE EAST & AFRICA: MARKET, BY OFFERING, 2021–2023 (USD MILLION)
  • TABLE 331 REST OF MIDDLE EAST & AFRICA: MARKET, BY OFFERING, 2024–2029 (USD MILLION)
  • TABLE 332 REST OF MIDDLE EAST & AFRICA: MARKET FOR SOFTWARE, BY TYPE, 2021–2023 (USD MILLION)
  • TABLE 333 REST OF MIDDLE EAST & AFRICA: MARKET FOR SOFTWARE, BY TYPE, 2024–2029 (USD MILLION)
  • TABLE 334 REST OF MIDDLE EAST & AFRICA: MARKET FOR HARDWARE, BY TYPE, 2021–2023 (USD MILLION)
  • TABLE 335 REST OF MIDDLE EAST & AFRICA: MARKET FOR HARDWARE, BY TYPE, 2024–2029 (USD MILLION)
  • TABLE 336 REST OF MIDDLE EAST & AFRICA: MARKET FOR SERVICES, BY TYPE, 2021–2023 (USD MILLION)
  • TABLE 337 REST OF MIDDLE EAST & AFRICA: MARKET FOR SERVICES, BY TYPE, 2024–2029 (USD MILLION)
  • TABLE 338 SOUTH AMERICA: SMART GRID MARKET, BY OFFERING, 2021–2023 (USD MILLION)
  • TABLE 339 SOUTH AMERICA: MARKET, BY OFFERING, 2024–2029 (USD MILLION)
  • TABLE 340 SOUTH AMERICA: MARKET FOR SOFTWARE, BY TYPE, 2021–2023 (USD MILLION)
  • TABLE 341 SOUTH AMERICA: MARKET FOR SOFTWARE, BY TYPE, 2024–2029 (USD MILLION)
  • TABLE 342 SOUTH AMERICA: MARKET FOR HARDWARE, BY TYPE, 2021–2023 (USD MILLION)
  • TABLE 343 SOUTH AMERICA: MARKET FOR HARDWARE, BY TYPE, 2024–2029 (USD MILLION)
  • TABLE 344 SOUTH AMERICA: MARKET FOR SERVICES, BY TYPE, 2021–2023 (USD MILLION)
  • TABLE 345 SOUTH AMERICA: MARKET FOR SERVICES, BY TYPE, 2024–2029 (USD MILLION)
  • TABLE 346 SOUTH AMERICA: MARKET, BY END-USE APPLICATION, 2021–2023 (USD MILLION)
  • TABLE 347 SOUTH AMERICA: MARKET, BY END-USE APPLICATION, 2024–2029 (USD MILLION)
  • TABLE 348 SOUTH AMERICA: MARKET, BY COMMUNICATION TECHNOLOGY, 2021–2023 (USD MILLION)
  • TABLE 349 SOUTH AMERICA: MARKET, BY COMMUNICATION TECHNOLOGY, 2024–2029 (USD MILLION)
  • TABLE 350 SOUTH AMERICA: MARKET, BY COUNTRY, 2021–2023 (USD MILLION)
  • TABLE 351 SOUTH AMERICA: MARKET, BY COUNTRY, 2024–2029 (USD MILLION)
  • TABLE 352 BRAZIL: SMART GRID MARKET, BY OFFERING, 2021–2023 (USD MILLION)
  • TABLE 353 BRAZIL: MARKET, BY OFFERING, 2024–2029 (USD MILLION)
  • TABLE 354 BRAZIL: MARKET FOR SOFTWARE, BY TYPE, 2021–2023 (USD MILLION)
  • TABLE 355 BRAZIL: MARKET FOR SOFTWARE, BY TYPE, 2024–2029 (USD MILLION)
  • TABLE 356 BRAZIL: MARKET FOR HARDWARE, BY TYPE, 2021–2023 (USD MILLION)
  • TABLE 357 BRAZIL: MARKET FOR HARDWARE, BY TYPE, 2024–2029 (USD MILLION)
  • TABLE 358 BRAZIL: MARKET FOR SERVICES, BY TYPE, 2021–2023 (USD MILLION)
  • TABLE 359 BRAZIL: MARKET FOR SERVICES, BY TYPE, 2024–2029 (USD MILLION)
  • TABLE 360 ARGENTINA: MARKET, BY OFFERING, 2021–2023 (USD MILLION)
  • TABLE 361 ARGENTINA: MARKET, BY OFFERING, 2024–2029 (USD MILLION)
  • TABLE 362 ARGENTINA: MARKET FOR SOFTWARE, BY TYPE, 2021–2023 (USD MILLION)
  • TABLE 363 ARGENTINA: MARKET FOR SOFTWARE, BY TYPE, 2024–2029 (USD MILLION)
  • TABLE 364 ARGENTINA: MARKET FOR HARDWARE, BY TYPE, 2021–2023 (USD MILLION)
  • TABLE 365 ARGENTINA: MARKET FOR HARDWARE, BY TYPE, 2024–2029 (USD MILLION)
  • TABLE 366 ARGENTINA: MARKET FOR SERVICES, BY TYPE, 2021–2023 (USD MILLION)
  • TABLE 367 ARGENTINA: MARKET FOR SERVICES, BY TYPE, 2024–2029 (USD MILLION)
  • TABLE 368 COLOMBIA: SMART GRID MARKET, BY OFFERING, 2021–2023 (USD MILLION)
  • TABLE 369 COLOMBIA: MARKET, BY OFFERING, 2024–2029 (USD MILLION)
  • TABLE 370 COLOMBIA: MARKET FOR SOFTWARE, BY TYPE, 2021–2023 (USD MILLION)
  • TABLE 371 COLOMBIA: MARKET FOR SOFTWARE, BY TYPE, 2024–2029 (USD MILLION)
  • TABLE 372 COLOMBIA: MARKET FOR HARDWARE, BY TYPE, 2021–2023 (USD MILLION)
  • TABLE 373 COLOMBIA: MARKET FOR HARDWARE, BY TYPE, 2024–2029 (USD MILLION)
  • TABLE 374 COLOMBIA: MARKET FOR SERVICES, BY TYPE, 2021–2023 (USD MILLION)
  • TABLE 375 COLOMBIA: MARKET FOR SERVICES, BY TYPE, 2024–2029 (USD MILLION)
  • TABLE 376 REST OF SOUTH AMERICA: MARKET, BY OFFERING, 2021–2023 (USD MILLION)
  • TABLE 377 REST OF SOUTH AMERICA: MARKET, BY OFFERING, 2024–2029 (USD MILLION)
  • TABLE 378 REST OF SOUTH AMERICA: MARKET FOR SOFTWARE, BY TYPE, 2021–2023 (USD MILLION)
  • TABLE 379 REST OF SOUTH AMERICA: MARKET FOR SOFTWARE, BY TYPE, 2024–2029 (USD MILLION)
  • TABLE 380 REST OF SOUTH AMERICA: MARKET FOR HARDWARE, BY TYPE, 2021–2023 (USD MILLION)
  • TABLE 381 REST OF SOUTH AMERICA: MARKET FOR HARDWARE, BY TYPE, 2024–2029 (USD MILLION)
  • TABLE 382 REST OF SOUTH AMERICA: MARKET FOR SERVICES, BY TYPE, 2021–2023 (USD MILLION)
  • TABLE 383 REST OF SOUTH AMERICA: MARKET FOR SERVICES, BY TYPE, 2024–2029 (USD MILLION)
  • TABLE 384 KEY PLAYER STRATEGIES/RIGHT TO WIN, JUNE 2021–FEBRUARY 2025
  • TABLE 385 SMART GRID MARKET: DEGREE OF COMPETITION, 2023
  • TABLE 386 MARKET: OFFERING FOOTPRINT
  • TABLE 387 MARKET: END-USE APPLICATION FOOTPRINT
  • TABLE 388 MARKET: COMMUNICATION TECHNOLOGY FOOTPRINT
  • TABLE 389 MARKET: REGION FOOTPRINT
  • TABLE 390 MARKET: LIST OF KEY STARTUPS/SMES
  • TABLE 391 MARKET: COMPETITIVE BENCHMARKING OF KEY STARTUPS/SMES
  • TABLE 392 MARKET: PRODUCT LAUNCHES, JUNE 2021–FEBRUARY 2025
  • TABLE 393 MARKET: DEALS, JUNE 2021–FEBRUARY 2025
  • TABLE 394 MARKET: EXPANSIONS, JUNE 2021–FEBRUARY 2025
  • TABLE 395 MARKET: OTHER DEVELOPMENTS, JUNE 2021–FEBRUARY 2025
  • TABLE 396 ABB: COMPANY OVERVIEW
  • TABLE 397 ABB: PRODUCTS/SERVICES/SOLUTIONS OFFERED
  • TABLE 398 ABB: DEALS
  • TABLE 399 ABB: OTHER DEVELOPMENTS
  • TABLE 400 SIEMENS: COMPANY OVERVIEW
  • TABLE 401 SIEMENS: PRODUCTS/SERVICES/SOLUTIONS OFFERED
  • TABLE 402 SIEMENS: PRODUCT LAUNCHES
  • TABLE 403 SIEMENS: DEALS
  • TABLE 404 SIEMENS: EXPANSIONS
  • TABLE 405 SIEMENS: OTHER DEVELOPMENTS
  • TABLE 406 SCHNEIDER ELECTRIC: COMPANY OVERVIEW
  • TABLE 407 SCHNEIDER ELECTRIC: PRODUCTS/SERVICES/SOLUTIONS OFFERED
  • TABLE 408 SCHNEIDER ELECTRIC: PRODUCT LAUNCHES
  • TABLE 409 SCHNEIDER ELECTRIC: OTHER DEVELOPMENTS
  • TABLE 410 ITRON INC.: COMPANY OVERVIEW
  • TABLE 411 ITRON INC.: PRODUCTS/SERVICES/SOLUTIONS OFFERED
  • TABLE 412 ITRON INC.: PRODUCT LAUNCHES
  • TABLE 413 ITRON INC.: DEALS
  • TABLE 414 GE VERNOVA: COMPANY OVERVIEW
  • TABLE 415 GE VERNOVA: PRODUCTS/SERVICES/SOLUTIONS OFFERED
  • TABLE 416 GE VERNOVA: PRODUCT LAUNCHES
  • TABLE 417 GE VERNOVA: DEALS
  • TABLE 418 GE VERNOVA: OTHER DEVELOPMENTS
  • TABLE 419 CISCO SYSTEM, INC.: COMPANY OVERVIEW
  • TABLE 420 CISCO SYSTEMS, INC.: PRODUCTS/SERVICES/SOLUTIONS OFFERED
  • TABLE 421 CISCO SYSTEM, INC.: PRODUCT LAUNCHES
  • TABLE 422 ORACLE: COMPANY OVERVIEW
  • TABLE 423 ORACLE: PRODUCTS/SERVICES/SOLUTIONS OFFERED
  • TABLE 424 ORACLE: PRODUCT LAUNCHES
  • TABLE 425 ORACLE: DEALS
  • TABLE 426 ORACLE: OTHER DEVELOPMENTS
  • TABLE 427 HONEYWELL INTERNATIONAL INC.: COMPANY OVERVIEW
  • TABLE 428 HONEYWELL INTERNATIONAL INC.: PRODUCTS/SERVICES/SOLUTIONS OFFERED
  • TABLE 429 HONEYWELL INTERNATIONAL INC.: PRODUCT LAUNCHES
  • TABLE 430 HONEYWELL INTERNATIONAL INC.: DEALS
  • TABLE 431 EATON: COMPANY OVERVIEW
  • TABLE 432 EATON: PRODUCTS/SERVICES/SOLUTIONS OFFERED
  • TABLE 433 EATON: PRODUCT LAUNCHES
  • TABLE 434 TECH MAHINDRA LIMITED: COMPANY OVERVIEW
  • TABLE 435 TECH MAHINDRA LIMITED: PRODUCTS/SERVICES/SOLUTIONS OFFERED
  • TABLE 436 TANTALUS: COMPANY OVERVIEW
  • TABLE 437 TANTALUS: PRODUCTS/SERVICES/SOLUTIONS OFFERED
  • TABLE 438 TANTALUS: PRODUCT LAUNCHES
  • TABLE 439 TANTALUS: DEALS
  • TABLE 440 TANTALUS: OTHER DEVELOPMENTS
  • TABLE 441 MITSUBISHI ELECTRIC CORPORATION: COMPANY OVERVIEW
  • TABLE 442 MITSUBISHI ELECTRIC CORPORATION: PRODUCTS/SERVICES/SOLUTIONS OFFERED
  • TABLE 443 MITSUBISHI ELECTRIC CORPORATION: DEALS
  • TABLE 444 WIPRO: COMPANY OVERVIEW
  • TABLE 445 WIPRO: PRODUCTS/SERVICES/SOLUTIONS OFFERED
  • TABLE 446 WIPRO: DEALS
  • TABLE 447 TRILLIANT HOLDINGS INC.: COMPANY OVERVIEW
  • TABLE 448 TRILLIANT HOLDINGS INC.: PRODUCTS/SERVICES/SOLUTIONS OFFERED
  • TABLE 449 TRILLIANT HOLDINGS INC.: PRODUCT LAUNCHES
  • TABLE 450 TRILLIANT HOLDINGS INC.: DEALS
  • TABLE 451 TRILLIANT HOLDINGS INC.: OTHER DEVELOPMENTS
  • TABLE 452 KAMSTRUP: COMPANY OVERVIEW
  • TABLE 453 KAMSTRUP: PRODUCTS/SERVICES/SOLUTIONS OFFERED
  • TABLE 454 KAMSTRUP: OTHER DEVELOPMENTS
  • TABLE 455 XYLEM: COMPANY OVERVIEW
  • TABLE 456 XYLEM: PRODUCTS/SERVICES/SOLUTIONS OFFERED
  • TABLE 457 XYLEM: PRODUCT LAUNCHES
  • TABLE 458 XYLEM: OTHER DEVELOPMENTS
LIST OF FIGURES
 
  • FIGURE 1 SMART GRID MARKET SEGMENTATION
  • FIGURE 2 SMART GRID MARKET: RESEARCH DESIGN
  • FIGURE 3 DATA TRIANGULATION
  • FIGURE 4 KEY METRICS CONSIDERED TO ANALYZE DEMAND FOR SMART GRID SOLUTIONS
  • FIGURE 5 MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH
  • FIGURE 6 MARKET SIZE ESTIMATION METHODOLOGY: TOP-DOWN APPROACH
  • FIGURE 7 KEY METRICS CONSIDERED FOR ASSESSING SUPPLY OF SMART GRID SOLUTIONS
  • FIGURE 8 SMART GRID MARKET: SUPPLY-SIDE ANALYSIS
  • FIGURE 9 NORTH AMERICA TO REGISTER HIGHEST CAGR IN GLOBAL SMART GRID MARKET DURING FORECAST PERIOD
  • FIGURE 10 SOFTWARE SEGMENT TO CAPTURE LARGEST MARKET SHARE IN 2024
  • FIGURE 11 DISTRIBUTION SEGMENT TO LEAD MARKET IN 2029
  • FIGURE 12 WIRELESS SEGMENT TO RECORD HIGHER CAGR DURING FORECAST PERIOD
  • FIGURE 13 GROWING FOCUS ON MODERNIZING EXISTING GRID INFRASTRUCTURE TO DRIVE DEMAND
  • FIGURE 14 NORTH AMERICA TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD
  • FIGURE 15 WIRELESS SEGMENT AND US TO DOMINATE SMART GRID MARKET IN NORTH AMERICA IN 2024
  • FIGURE 16 SOFTWARE SEGMENT TO HOLD LARGEST MARKET SHARE IN 2029
  • FIGURE 17 WIRELESS SEGMENT TO DOMINATE MARKET IN 2029
  • FIGURE 18 DISTRIBUTION SEGMENT TO HOLD LARGEST MARKET SHARE IN 2029
  • FIGURE 19 SMART GRID MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES
  • FIGURE 20 REGION/COUNTRY-WISE INVESTMENT IN ELECTRICITY GRIDS, 2015–2022 (USD BILLION)
  • FIGURE 21 DATA ON ELECTRIC CAR SALES, BY GEOGRAPHY, 2018–2023
  • FIGURE 22 TRENDS/DISRUPTIONS IMPACTING CUSTOMERS’ BUSINESSES
  • FIGURE 23 SMART GRID MARKET: VALUE CHAIN ANALYSIS
  • FIGURE 24 SMART GRID MARKET: ECOSYSTEM ANALYSIS
  • FIGURE 25 INVESTMENT AND FUNDING SCENARIO
  • FIGURE 26 DIGITAL TECHNOLOGY INVESTMENTS IN SMART GRIDS, 2015–2022
  • FIGURE 27 DISTRIBUTION OF RESPONDENTS PER DSO CORE FUNCTIONALITY
  • FIGURE 28 EXPORT DATA FOR HS CODE 902830-COMPLIANT PRODUCTS, BY COUNTRY, 2021–2023 (USD THOUSAND)
  • FIGURE 29 IMPORT DATA FOR HS CODE 902830-COMPLIANT PRODUCTS, 2021–2023 (USD THOUSAND)
  • FIGURE 30 NUMBER OF PATENTS APPLIED AND GRANTED FOR SMART GRIDS, 2013–2023
  • FIGURE 31 AVERAGE SELLING PRICE TREND OF HARDWARE COMPONENTS, BY REGION, 2021–2023
  • FIGURE 32 SMART GRID MARKET: PORTER’S FIVE FORCES ANALYSIS
  • FIGURE 33 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS, BY END-USE APPLICATION
  • FIGURE 34 KEY BUYING CRITERIA, BY END-USE APPLICATION
  • FIGURE 35 SMART GRID MARKET, BY OFFERING
  • FIGURE 36 SMART GRID MARKET SHARE, BY SOFTWARE
  • FIGURE 37 SMART GRID MARKET SHARE, BY HARDWARE
  • FIGURE 38 SMART GRID MARKET SHARE, BY SERVICE
  • FIGURE 39 SMART GRID MARKET SHARE, BY END-USE APPLICATION
  • FIGURE 40 SMART GRID MARKET SHARE, BY COMMUNICATION TECHNOLOGY
  • FIGURE 41 NORTH AMERICA TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD
  • FIGURE 42 SMART GRID MARKET SHARE, BY REGION
  • FIGURE 43 NORTH AMERICA: SMART GRID MARKET SNAPSHOT
  • FIGURE 44 ASIA PACIFIC: SMART GRID MARKET SNAPSHOT
  • FIGURE 45 SMART GRID MARKET SHARE ANALYSIS, 2023
  • FIGURE 46 REVENUE ANALYSIS OF TOP FIVE PLAYERS, 2019–2023
  • FIGURE 47 SMART GRID MARKET: COMPANY EVALUATION MATRIX (KEY PLAYERS), 2023
  • FIGURE 48 SMART GRID MARKET: COMPANY FOOTPRINT
  • FIGURE 49 SMART GRID MARKET: COMPANY EVALUATION MATRIX (STARTUPS/SMES), 2023
  • FIGURE 50 COMPANY VALUATION, 2024
  • FIGURE 51 FINANCIAL METRICS (EV/EBITDA), 2024
  • FIGURE 52 BRAND/PRODUCT COMPARISON
  • FIGURE 53 ABB: COMPANY SNAPSHOT
  • FIGURE 54 SIEMENS: COMPANY SNAPSHOT
  • FIGURE 55 SCHNEIDER ELECTRIC: COMPANY SNAPSHOT
  • FIGURE 56 ITRON INC.: COMPANY SNAPSHOT
  • FIGURE 57 GE VERNOVA: COMPANY SNAPSHOT
  • FIGURE 58 CISCO SYSTEM, INC.: COMPANY SNAPSHOT
  • FIGURE 59 ORACLE: COMPANY SNAPSHOT
  • FIGURE 60 HONEYWELL INTERNATIONAL INC.: COMPANY SNAPSHOT
  • FIGURE 61 EATON: COMPANY SNAPSHOT
  • FIGURE 62 TECH MAHINDRA LIMITED: COMPANY SNAPSHOT
  • FIGURE 63 TANTALUS: COMPANY SNAPSHOT
  • FIGURE 64 MITSUBISHI ELECTRIC CORPORATION: COMPANY SNAPSHOT
  • FIGURE 65 WIPRO: COMPANY SNAPSHOT
  • FIGURE 66 XYLEM: COMPANY SNAPSHOT

 

The study involved major activities in estimating the current size of the Smart Grid market. Exhaustive secondary research was done to collect information on the peer and parent markets. The next step was to validate these findings, assumptions, and sizing with industry experts across the value chain through primary research. Both top-down and bottom-up approaches were employed to estimate the complete market size. Thereafter, market breakdown and data triangulation were used to estimate the market size of the segments and subsegments.

Secondary Research

This research study on the Smart Grid market involved the use of extensive secondary sources, directories, and databases, such as the International Organization for Standardization (ISO), the International Electrotechnical Commission (IEC), the American National Standards Institute (ANSI), the Geography Markup Language (GML) to identify and collect information useful for a technical, market-oriented, and commercial study of the global Smart Grid market. The other secondary sources included annual reports, press releases & investor presentations of companies, white papers, certified publications, articles by recognized authors, manufacturer associations, trade directories, and databases.

Primary Research

The Smart Grid market comprises several stakeholders such as smart grid manufacturers, manufacturers of subcomponents of smart grid, manufacturing technology providers, and technology support providers in the supply chain. The increased use of energy sources worldwide, especially in industrial and commercial projects, is driving up demand for smart grid. Smart grid technology attracts customers from the public and private sectors owing to its several benefits providing numerous opportunities for building smart infrastructure. Utility providers, solution providers, electronic device manufacturers, and system integrators are developing cost-effective and reliable solutions in the emerging smart grid market.

Smart Grid Market Size, and Share

To know about the assumptions considered for the study, download the pdf brochure

Market Size Estimation

Both top-down and bottom-up approaches were used to estimate and validate the total size of the smart grid market. These methods were also used extensively to estimate the size of various subsegments in the market. The research methodology used to estimate the market size includes the following:

  • The key players in the industry and market have been identified through extensive secondary research, and their market share in the respective regions have been determined through both primary and secondary research.
  • The industry’s value chain and market size, in terms of value, have been determined through primary and secondary research processes.
  • All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.

Global Smart Grid Market Size: Top-down Approach

Smart Grid Market Top Down Approach

To know about the assumptions considered for the study, Request for Free Sample Report

Global Smart Grid Market Size: Bottom-Up Approach

Smart Grid Market Bottom Up Approach

Data Triangulation

After arriving at the overall market size from the estimation process explained above, the total market has been split into several segments and subsegments. To complete the overall market engineering process and arrive at the exact statistics for all the segments and subsegments, the data triangulation and market breakdown processes have been employed, wherever applicable. The data has been triangulated by studying various factors and trends from both the demand- and supply sides. Along with this, the market has been validated using both the top-down and bottom-up approaches.

Market Definition

A smart grid is an electricity network enhanced with digital technology to enable advanced monitoring, automation, control, and management of energy transmission, distribution, power generation, and network supply. This technology facilitates the evolution from traditional energy distribution to an intelligent electricity grid, allowing two-way communication between utility providers and their customers. Smart grid systems employ digital communication technologies, information systems, and automation to monitor energy flow and adjust to changes in energy demand and supply. By integrating smart metering systems, it enables real-time monitoring of power consumption, offering both consumers and suppliers real-time data on energy use. Consequently, the smart grid enhances system efficiency and reduces operational costs.

Key Stakeholders

  • Energy utilities
  • Power service providers
  • Solution vendors
  • Original equipment manufacturers (OEMs)
  • Government agencies
  • Managed service providers (MSPs)
  • System integrators
  • Consultancy firms/advisory firms
  • Investors and venture capitalists
  • Independent software vendors
  • Value-added resellers (VARs) and distributors
  • Governments and urban planning agencies

Objectives of the Study

  • To define, describe, segment, and forecast the smart grid market, in terms of component, application, communication technology, and region.
  • To forecast the market size for five key regions: North America, South America, Europe, Asia Pacific, and Middle East & Africa, along with their key countries
  • To provide detailed information about the key drivers, restraints, opportunities, and challenges influencing the growth of the market
  • To strategically analyze the subsegments with respect to individual growth trends, prospects, and contributions of each segment to the overall market size
  • To analyze market opportunities for stakeholders and the competitive landscape of the market
  • To strategically profile the key players and comprehensively analyze their market shares and core competencies
  • To analyze competitive developments, such as deals and agreements in the market

Available Customizations:

With the given market data, MarketsandMarkets offers customizations as per the client’s specific needs. The following customization options are available for this report:

Geographic Analysis

  • Further breakdown of region or country-specific analysis

Company Information

  • Detailed analyses and profiling of additional market players (up to 5)

Previous Versions of this Report

Smart Grid Market by Component (Software, Hardware, Services), Application (Generation, Transmission, Distribution, Consumption/End Use), Communication Technology (Wireline, Wireless), and Region - Global Forecast to 2026

Report Code EP 7997
Published in Oct, 2021, By MarketsandMarkets™

Smart Grid Market by Software (AMI, Grid Distribution, Grid Network, Grid Asset, Grid Security, Substation Automation, and Billing & CIS), Hardware (Smart Meter), Service (Consulting, Integration, and Support), and Region - Global Forecast to 2023

Report Code TC 4436
Published in Nov, 2018, By MarketsandMarkets™

Smart Grid Market by Software (AMI, Smart Grid Distribution Management, Smart Grid Communication, Grid Asset Management, Substation Automation, and Billing and Customer Information System), Hardware, Service, and Region - Global Forecast to 2022

Report Code TC 4436
Published in Jul, 2017, By MarketsandMarkets™

Smart Grid Market by Solution (Advanced Metering Infrastructure, Smart Grid Distribution, Smart Grid Communication, Grid Asset Management, Geographic Information System and Billing & Customer Information System), by Service - Global Forecast to 2021

Report Code TC 4436
Published in Jul, 2016, By MarketsandMarkets™
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Growth opportunities and latent adjacency in Smart Grid Market

Christopher

Jun, 2022

Which market segment is expected to shape the future of the Smart Grid Market?.

Lucas

Jul, 2022

Smart Grid Market report includes Market Estimates, CAGRs and Forecasts, Rising demand in the Emerging Markets, Opportunity analysis in market for key stakeholders by identification of high growth segments, Trend analysis and study of drivers and restraints that will affect the global landscaps, Key playing fields and burning issues in sector, Market share, contracts & developments, strategies, product innovations of key companies/players and Competition mapping.

Girish

Jul, 2022

Smart Grid Market was published in Oct 2021, and it covers the market trends and growth factors with respect to Smart Grid Market. It also covered the Market estimations of Smart Grid in terms of Value by Component/Application/ Communication Technology at regional and country level for the period 2019-2026. The report also covers the detail competitive landscape with key players Market Share Analysis, Developments of Key Market Players Like There Contracts & Agreements, Investments & Expansions, Joint Venture, Partnerships, And Collaborations and their Business Overview, Products/solutions/services Offered, Recent Developments, SWOT Analysis..

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