Smart Grid Distribution Market by Component (Software, Hardware, and Services) by Application (Generation, Transmission, Distribution, Consumption/ End Use) by Communication Technology (Wireline, Wireless) by Region - Global Forecast to 2030
The smart grid distribution market is anticipated to grow from USD 41.73 billion in 2024 to USD 90.08 billion by 2030 with a CAGR of 16.6% during 2025-2030. The smart grid distribution market provides solutions for developing advanced technologies that boost electricity distribution system performance along with reliability and intelligence. The solutions utilize hardware together with software systems and communication platforms which permit real-time system monitoring and automated control and data-based strategic decision capabilities in power grids. The market performs essential functions by modernizing outdated power networks and allowing renewable resources to connect and minimize transmission decay together with user control of their power usage. All market segments consisting of components and communication technologies and end user segments determine how power distribution will evolve in the future.
The component segments includes hardware, software and services. Three core hardware components that build smart grid infrastructure are advanced meters and remote terminal units (RTUs) and automated feeder switches which enable critical capabilities for real-time data collection and distance-based operations. Placing software in the middle as the intelligence layer provides grid analytics tools and outage management systems (OMS) and demand forecasting capabilities to support better operational decisions and enhance efficiency. Smart grid service provision is rising in importance for utility companies since they aim to maximize both deployment effectiveness and interoperability quality and long-term power grid performance.
Wireline and wireless systems form the two communication technology divisions within the smart grid distribution market. Wireline communication consisting of fiber optics and power line communication (PLC) delivers high bandwidth and reliable performance thus becoming the preferred choice in city establishments or areas with dense connectivity. The prominence of wireless communication systems including RF mesh networks and ZigBee and Wi-Fi and cellular (4G/5G) continues to grow because it combines flexible deployment methods with easy setup capabilities and works well for inaccessible places. Industrial organizations select their communication technology primarily because of location factors together with available infrastructure elements and operational needs of the utility.
The market segmentation based on end user features three distinct categories: residential, commercial and industrial sectors. Residential customers access smart meters together with home energy management systems which improve energy effectiveness and help them join demand response initiatives. The smart grid infrastructure enables commercial entities to optimize their energy utilization in diverse facilities such as buildings and campuses resulting in lower peak time charges and sustainability target achievement. Industrial power consumers focus on three essential goals that include reliable power grids together with minimal downtime and easy implementation of distributed energy resources (DERs) such as solar and energy storage systems. Their operational requirements prompt them to seek solution systems which specifically align with their essential applications.
The smart grid distribution business based on regional platforms that include North America, Europe, Asia Pacific, South America, and the Middle East & Africa. The smart grid distribution market sees its highest adoption rate in North America because of significant grid modernization funding along with government-supported programs and modern utility facilities. The European smart grid distribution market maintains similar levels of market activity under the influence of strict regulatory requirements and enhanced renewable installations and international power utility cooperation. Asia Pacific demonstrates quick market expansion because of city development backed by growing power requirements and smart grid programs implemented by governing bodies in nations such as China, India and Japan. South America continues to expand its smart grid systems through basic pilot research and international public-private alliances that are actively developing in Brazil. National energy diversification plans in the Middle East & Africa region link smart grid investments directly to their efforts of grid resilience and electrification programs.
A few of the players operating in the smart grid distribution market include GE Vernova (US), ABB (Switzerland), Siemens (Germany), and Schneider Electric (France) among others.
Key Questions Addressed by the Report
Frequently Asked Questions (FAQs)
- What is the current size of the Smart Grid Distribution Market?
- What trends could be witnessed over the next five to ten years?
- What are the major drivers for the Smart Grid Distribution Market?
- Which is the largest segment by end user during the forecasted period in the Smart Grid Distribution Market?
- Which is the fastest-growing region during the forecasted period in the Smart Grid Distribution Market?
- What will be the revenue pockets for the Smart Grid Distribution Market in the next five years?
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1 INTRODUCTION
1.1 OBJECTIVE OF THE STUDY
1.2 MARKET DEFINITION
1.2.1 INCLUSIONS AND EXCLUSIONS
1.3 MARKET SCOPE
1.3.1 MARKET SEGMENTATION
1.3.2 REGIONAL SCOPE
1.4 YEARS CONSIDERED
1.5 CURRENCY
1.6 LIMITATIONS
1.7 STAKEHOLDERS
2 RESEARCH METHODOLOGY
2.1 RESEARCH DATA
2.2 MARKET BREAKDOWN AND DATA TRIANGULATION
2.2.1 SECONDARY DATA
2.2.1.1 KEY DATA FROM SECONDARY SOURCES
2.2.2 PRIMARY DATA
2.2.2.1 KEY DATA FROM PRIMARY SOURCES
2.2.2.2 KEY INDUSTRY INSIGHTS
2.2.2.3 BREAKDOWN OF PRIMARY INTERVIEWS
2.3 MARKET SIZE ESTIMATION
2.3.1 BOTTOM-UP APPROACH
2.3.2 TOP-DOWN APPROACH
2.3.3 DEMAND SIDE ANALYSIS
2.3.3.1 ASSUMPTIONS FOR DEMAND SIDE ANALYSIS
2.3.3.2 DEMAND SIDE CALCULATION
2.3.4 SUPPLY SIDE ANALYSIS
2.3.4.1 ASSUMPTIONS FOR SUPPLY SIDE ANALYSIS
2.3.4.2 SUPPLY SIDE CALCULATION
2.4 FORECAST
3 EXECUTIVE SUMMARY
4 PREMIUM INSIGHTS
5 MARKET OVERVIEW
5.1 INTRODUCTION
5.2 MARKET DYNAMICS
5.2.1 DRIVERS
5.2.2 RESTRAINTS
5.2.3 OPPORTUNITIES
5.2.4 CHALLENGES
5.3 TRENDS/DISRUPTIONS IMPACTING CUSTOMERS’ BUSINESS
5.4 SUPPLY/VALUE CHAIN ANALYSIS
5.5 ECOSYSTEM
5.6 CASE STUDY ANALYSIS
5.7 PATENT ANALYSIS
5.8 PRICING ANALYSIS
5.9 KEY CONFERENCES & EVENTS IN 2024–2025
5.10 REGULATORY LANDSCAPE
5.10.1 REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
5.10.2 REGULATORY FRAMEWORK
5.11 PORTER’S FIVE FORCES ANALYSIS
5.12 KEY STAKEHOLDERS AND BUYING CRITERIA
5.12.1 KEY STAKEHOLDERS IN BUYING PROCESS
5.12.2 BUYING CRITERIA
6 SMART GRID DISTRIBUTION MARKET, BY COMPONENT
(VALUE (USD MILLION) – 2021, 2022, 2023, 2024, 2025 – 2030)
6.1 INTRODUCTION
6.2 SOFTWARE
6.2.1 ADVANCED METERING INFRASTRUCTURE
6.2.2. SMART GRID DISTRIBUTION MANAGEMENT
6.2.3. SMART GRID NETWORK MANAGEMENT
6.2.4. GRID ASSET MANAGEMENT
6.2.5. SUBSTATION AUTOMATION
6.2 HARDWARE
6.2.1 SMART METERS
6.2.2. SENSORS
6.2.3. PROGRAMMABLE LOGIC CONTROLLERS
6.3 SERVICES
6.3.1 DEPLOYMENT AND INTEGRATION
6.3.2. SUPPORT AND MAINTENANCE
7 SMART GRID DISTRIBUTION MARKET, BY COMMUNICATION TECHNOLOGY
(VALUE (USD MILLION) - 2021, 2022, 2023, 2024, 2025 – 2030)
7.1 INTRODUCTION
7.2 WIRELINE
7.3 WIRELESS
8 SMART GRID DISTRIBUTION MARKET, BY END-USER
(VALUE (USD MILLION) - 2021, 2022, 2023, 2024, 2025 – 2030)
8.1 INTRODUCTION
8.2 RESIDENTIAL
8.3 COMMERCIAL
8.4 INDUSTRIAL
9 SMART GRID DISTRIBUTION MARKET, BY REGION
(VALUE (USD MILLION) - 2021, 2022, 2023, 2024, 2025 – 2030)
9.1 INTRODUCTION
9.2 ASIA PACIFIC
9.2.1 BY COMPONENT
9.2.2 BY COMMUNICATION TECHNOLOGY
9.2.3 BY END-USER
9.2.4 BY COUNTRY
9.2.4.1 CHINA
9.2.4.1.1 BY END -USER
9.2.4.2 INDIA
9.2.4.3 JAPAN
9.2.4.4 AUSTRALIA
9.2.4.5 SOUTH KOREA
9.2.4.6 REST OF ASIA PACIFIC
9.3 NORTH AMERICA
9.3.1 BY COMPONENT
9.3.2 BY COMMUNICATION TECHNOLOGY
9.3.3 BY END-USER
9.3.4 BY COUNTRY
9.3.4.1 US
9.3.4.1.1 BY END-USER
9.3.4.2 CANADA
9.3.4.3 MEXICO
9.4 EUROPE
9.4.1 BY COMPONENT
9.4.2 BY COMMUNICATION TECHNOLOGY
9.4.3 BY END-USER
9.4.4 BY COUNTRY
9.4.4.1 GERMANY
9.4.4.1.1 BY END-USER
9.4.4.2 UK
9.4.4.3 FRANCE
9.4.4.4 ITALY
9.4.4.5 REST OF EUROPE
9.5 SOUTH AMERICA
9.5.1 BY COMPONENT
9.5.2 BY COMMUNICATION TECHNOLOGY
9.5.3 BY END-USER
9.5.4 BY COUNTRY
9.5.4.1 BRAZIL
9.5.4.1.1 BY END-USER
9.5.4.2 ARGENTINA
9.5.4.2 REST OF SOUTH AMERICA
9.6 MIDDLE EAST & AFRICA
9.5.1 BY COMPONENT
9.5.2 BY COMMUNICATION TECHNOLOGY
9.5.3 BY END-USER
9.5.4 BY COUNTRY
9.5.4.1 GCC
9.5.4.1.1 BY END-USER
9.5.4.1.1.1 SAUDI ARABIA
9.5.4.1.1.2 UAE
9.5.4.1.1.3 REST OF GCC
9.5.4.2 SOUTH AFRICA
9.5.4.3 REST OF MIDDLE EAST & AFRICA
10 COMPETITIVE LANDSCAPE
10.1 KEY PLAYER STRATEGIES OVERVIEW
10.2 MARKET EVALUATION FRAMEWORK
10.3 MARKET SHARE ANALYSIS OF KEY PLAYERS, 2024
10.4 REVENUE ANALYSIS, 2020-2024
10.5 COMPANY EVALUATION MATRIX: KEY PLAYERS, 2024
10.5.1 STARS
10.5.2 EMERGING LEADERS
10.5.3 PERVASIVE PLAYERS
10.5.4 PARTICIPANTS
10.5.5 COMPANY FOOTPRINT: KEY PLAYERS, 2024
10.5.5.1 Company Footprint
10.5.5.2 Region Footprint
10.5.5.3 Component Footprint
10.5.5.4 Communication Technology Footprint
10.5.5.5 End-user Footprint
10.6 COMPETITIVE SCENARIO AND TRENDS
11 COMPANY PROFILES
11.1 ABB
11.1.1 BUSINESS OVERVIEW
11.1.2 PRODUCTS & SERVICES
11.1.3 RECENT DEVELOPMENTS
11.1.4 MNM VIEW
11.1.4.1 Key strategies/right to win
11.1.4.2 Strategic choices made
11.1.4.3 Weaknesses/competitive threats
11.2 GE VERNOVA
11.3 HITACHI
11.4 SIEMENS
11.5 SCHNEIDER ELECTRIC
11.6 ITRON
11.7 CISCO
11.8 ORACLE
11.9 HONEYWELL
11.10 EATON
11.11 TECH MAHINDRA
11.12 TANTALUS
11.13 MITSUBISHI ELECTRIC
12 APPENDIX
12.1 INSIGHTS OF INDUSTRY EXPERTS
12.2 DISCUSSION GUIDE
12.3 KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL
12.4 CUSTOMIZATION OPTIONS
12.5 RELATED REPORTS
12.6 AUTHOR DETAILS
Growth opportunities and latent adjacency in Smart Grid Distribution Market