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Smart Grid Market by Component (Software, Hardware, Services), Application (Generation, Transmission, Distribution, Consumption), Communication Technology (Wireline, Wireless), & Region(North America, Europe, APAC, ROW) - Global Forecast to 2029

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Report Code: EP 7997 Jun, 2024, by marketsandmarkets.com

[350 Pages Report] The smart grid market is expected to grow from an estimated USD 185.0 billion by 2029 from an estimated USD 71.8 billion in 2024, at a CAGR of 20.8% during the forecast period. The demand for smart grid is growing due to the supportive regulatory framework of governments worldwide to promote deployment of smart grids and spreading awareness about energy conservation. Additionally, With the increasing complexity of the bulk power system and the growing focus on mitigating power outages, smart grid technology is poised to transform the traditional grid and is likely to become a more reliable and resilient approach.

Smart Grid Market

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Smart Grid Market

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Smart Grid market Dynamics

Driver: Improved grid reliability and efficient outage response

As the world shifts towards sustainable development, renewable energy sources like wind, solar, biofuels, hydro, and geothermal now contribute over 15% of global energy generation. With the increasing complexity of the power system and a focus on reducing outages, smart grid technology is set to revolutionize the traditional grid, enhancing reliability and resilience. This technology enables utilities to expedite power restoration after major storms, cutting costs and downtime, thus minimizing financial losses. By providing superior situational awareness and utilizing cloud-processed data for autonomous control, smart grids enhance outage detection and restoration capabilities through automation and big data analytics. To further improve outage prevention, utility providers should incorporate outage mapping and analytical tools to leverage smart grid data fully. While integrating small-scale renewable sources into traditional grids can cause fluctuations and waste, smart grids help optimize electricity consumption and reduce carbon emissions. The smart grid infrastructure facilitates the integration of renewable energy at both transmission and distribution levels, making it more accessible for commercial and residential use.

Restraints: Low awareness of protocols and interoperability standards

Utility providers encounter several challenges in deploying smart grid technology, including issues related to security, standards, and interoperability. A major obstacle is the lack of awareness among smart grid system designers about existing standards, leading to non-compliance during manufacturing. Additionally, integrating interchangeable parts from various global providers poses significant difficulties for manufacturers. Although utility providers can purchase and deploy equipment from multiple vendors, there is a pressing need for interoperability standards to ensure seamless interaction with existing equipment. Many vendors and equipment providers also lack proper certifications, making it challenging for utility providers to access data from legacy systems. The insufficient knowledge of communication standards, IT protocols, and the need for the latest components and devices further impede smart grid deployment. Despite the efforts of the National Institute of Standards and Technology (NIST) in creating the Smart Grid Interoperability Panel (SGIP) and the recent publication of energy management standards by countries like China, Japan, Brazil, and India, there remains a strong need for global adherence to interoperability standards. Without the implementation of appropriate standards, the full benefits of smart grid technology cannot be realized.

Opportunity:  Ongoing smart city projects in developing countries

Smart cities are advanced urban areas designed to foster sustainable economic growth and high quality of life through excellence in technology, mobility, environmental practices, living standards, and governance. With over 100 smart city projects underway globally, there are significant opportunities for technology companies, utility service providers, and consulting firms. In smart cities, utilities, safety, transportation, and healthcare services are managed more efficiently and intelligently by leveraging resources and advanced technologies such as IoT and smart energy meters. Traditional power grid models fall short in meeting the needs of energy monitoring, real-time data collection, and smart billing required by modern urban settings. Smart cities will heavily rely on robust smart grid platforms to establish centrally planned and controlled infrastructures. Favorable conditions, including developed ICT infrastructure and improved internet access, are expected to drive the widespread adoption of smart grids in these cities. The APAC region is experiencing rapid urbanization, with both developed and developing countries increasingly adopting smart city technologies. Developing countries like China, India, and Brazil are anticipated to build new infrastructure to support smart grid technology, enabling the private and public sectors to develop cost-effective, innovative solutions.

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

The deployment of smart grid technologies has resulted in the generation of vast and highly complex data sets related to consumer information, utility consumption, and transmission logs. This data is often unstructured and requires processing to extract valuable insights. The continuous data generation from various network nodes poses challenges for smart grid solution providers in efficiently storing and managing this information. Unmanaged data can lead to multiple threats and make it difficult to derive meaningful insights. Authorities need to establish high-volume data centers and deploy analytical solutions without increasing costs.

Utility providers face the significant challenge of understanding the social, economic, and environmental value of smart grid data and developing solutions to aggregate and correlate this information. Smart utilities generate immense volumes of data from millions of smart meters, grid sensors, control devices, and networks of other electronic devices. The challenge for utility technology providers lies in generating and gathering useful data insights for intelligent decision-making. Processing large volumes of data for real-time analytics is a key function of smart grid technology. To stay competitive, solution providers must develop advanced data analytical techniques and accurate predictive analysis models. Offering intelligent business solutions to predict equipment failures, natural disasters, their effects, and customer behavior patterns based on historical data and usage patterns is a complex challenge for utility providers.

Siemens and General Electric are major providers of big data solutions that address smart grid data challenges. There is a need for more solutions and increased investment in analytics to manage and transform data into actionable insights.

Smart Grid  Market Ecosystem

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).

Top Companies in 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 market, with the number of players offering cost-effective hardware components. These hardware devices capture numerous data from both consumers and energy utilities to derive useful information and insights. Smart meters are used to capture the data from the end user’s sensors, which are deployed to regulate voltage and current in the system.  The expansion of this market is driven by to hold the largest market share during the forecast period

The distribution segment in the smart grid market is growing rapidly due to the global shift towards reducing energy loss. Distribution intelligence, a part of the smart grid, is applied to the utility distribution system, including wires, switches, and transformers, which connects the utility substation to the customers. As the power industry accelerates electrification efforts, the demand for high-performance and efficient distribution channel is on the rise.

North America is expected to account for the Third-largest market during the forecast period.

North America is the third fastest-growing market for smart grid owing to several key factors. The region is witnessing a substantial increase in renewable energy projects, particularly in solar and wind, spurred by government initiatives, tax incentives, and heightened environmental awareness. The United States, in particular, is leading the charge in the adoption of clean energy solutions, creating a strong demand for smart grid technologies to efficiently integrate these renewable sources into the power grid. Advancements in smart grid technology are central to this growth, enabling better energy management, real-time data analytics, and enhanced grid reliability. The electrification of various industries, coupled with the surge in electric vehicle (EV) adoption, further accelerates the deployment of smart grids, as they are essential for supporting the necessary charging infrastructure. As consumers and businesses in North America increasingly prioritize sustainability, the market for smart grid solutions is expanding rapidly. Technological innovations, such as improved data analytics and predictive maintenance, are critical in managing the vast amounts of data generated by smart grids, ensuring efficient energy distribution and minimizing outages. Regulatory support and policies favoring clean energy and technological advancements play pivotal roles in shaping the dynamic and expanding landscape of the smart grid market in North America. This confluence of factors positions the region as a leader in the adoption and implementation of smart grid technologies, paving the way for a more sustainable and efficient energy future.

North American Smart Grid Market Size, and Share

Key Market Players

The smart grid market is dominated by a few major players that have a wide regional presence. The major players in the smart grid  market are General Electric Company (US) GE Companies: Next Generation and Future | General Electric, ABB (Switzerland) ABB Group. Leading digital technologies for industry — ABB Group (global.abb), Siemens (Germany) Siemens, Schneider Electric (France) Schneider Electric Global | Global Specialist in Energy Management and Automation (se.com), Wipro (India) Wipro | Digital, Technology, Business Solutions,Oracle (US) Oracle | Cloud Applications and Cloud Platform, Cisco (US) Oracle | Cloud Applications and Cloud Platform, Eaton (Ireland) Global power management company | Eaton, MITSUBISHI HEAVY INDUSTRIES, LTD (Japan) Mitsubishi Heavy Industries, Ltd. Global Website (mhi.com), and Itron (US) Home - Itron.Between 2019 and 2023, Strategies such as product launches, contracts, agreements, partnerships, collaborations, alliances, acquisitions, and expansions are followed by these companies to capture a larger share of the smart grid market.

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Scope of the Report

Report Metric

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).

This research report categorizes the smart grid market by component, application, technology, and region

On the basis of component, the smart grid market has been segmented as follows:
  • Software
  • Hardware
  • Services
On the basis of application, the smart grid market has been segmented as follows:
  • Generation
  • Transmission
  • Distribution
  • Consumption/End use
On the basis of Communication Technology, the smart grid market has been segmented as follows:
  • Wireline
  • Wireless
On the basis of region, the smart grid market has been segmented as follows:
  • Asia Pacific
  • Europe
  • North America
  • Middle East & Africa
  • South America

Recent Developments

  • In July 2021,  GE Renewable Energy, in partnership with Ccalpine, has completed the Santa Ana storage project in Southern California. The project will be able to provide energy to up to 12,000 households during peak events, and 24,000 households during normal load conditions.
  • In April 2018, ABB launched a digitally integrated power transformer. The digital capabilities of this transformer enhance the reliability and efficient utilization of grid assets and power networks.
  • In August 2021, Siemens Limited and Tata Power Delhi Distribution Limited (Tata Power-DDL) successfully deployed Smart Metering Technology for over 200,000 smart meters in North Delhi.
  • In November 2021, Schneider Electric acquired DC Systems BV, which is a major supplier of smart systems. This has helped the company in advancing innovations in electrical distribution.
  • In January 2021, Versant Power deployed Itron’s AMI solution across its service territory for data management, analytics, grid performance, increased operational efficiency, and a better customer experience. With Itron’s intelligently connected network and high-performance endpoints, the utility is equipped with better outage management capability and the foundation for future customer programs.

Frequently Asked Questions (FAQ):

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TABLE OF CONTENTS
 
1 INTRODUCTION (Page No. - 32)
    1.1 STUDY OBJECTIVES 
    1.2 MARKET DEFINITION 
    1.3 STUDY SCOPE 
           1.3.1 MARKETS COVERED
           1.3.2 INCLUSIONS AND EXCLUSIONS
           1.3.3 REGIONAL SCOPE
           1.3.4 YEARS CONSIDERED
    1.4 CURRENCY CONSIDERED 
    1.5 UNITS CONSIDERED 
    1.6 LIMITATIONS 
    1.7 STAKEHOLDERS 
    1.8 SUMMARY OF CHANGES 
    1.9 RECESSION IMPACT 
 
2 RESEARCH METHODOLOGY (Page No. - 38)
    2.1 RESEARCH APPROACH 
    2.2 DATA TRIANGULATION 
    2.3 PRIMARY AND SECONDARY RESEARCH 
           2.3.1 SECONDARY DATA
                    2.3.1.1 Key data from secondary sources
                    2.3.1.2 List of key secondary sources
           2.3.2 PRIMARY DATA
                    2.3.2.1 Key data from primary sources
                    2.3.2.2 Key industry insights
                    2.3.2.3 List of major primary interview participants
                    2.3.2.4 Breakdown of primaries
    2.4 MARKET SIZE ESTIMATION 
           2.4.1 BOTTOM-UP APPROACH
           2.4.2 TOP-DOWN APPROACH
           2.4.3 DEMAND-SIDE ANALYSIS
                    2.4.3.1 Regional analysis
                    2.4.3.2 Country-level analysis
                    2.4.3.3 Assumptions for demand-side analysis
                    2.4.3.4 Calculations for demand-side analysis
           2.4.4 SUPPLY-SIDE ANALYSIS
                    2.4.4.1 Assumptions for supply-side analysis
                    2.4.4.2 Calculations for supply-side analysis
           2.4.5 FORECAST
    2.5 RISK ANALYSIS 
    2.6 RESEARCH ASSUMPTIONS 
    2.7 RESEARCH LIMITATIONS 
    2.8 IMPACT OF RECESSION 
 
3 EXECUTIVE SUMMARY (Page No. - 52)
 
4 PREMIUM INSIGHTS (Page No. - 55)
    4.1 ATTRACTIVE OPPORTUNITIES FOR PLAYERS IN SMART GRID MARKET 
    4.2 SMART GRID MARKET, BY REGION 
    4.3 SMART GRID MARKET IN NORTH AMERICA, BY COMMUNICATION TECHNOLOGY AND COUNTRY 
    4.4 SMART GRID MARKET, BY OFFERING 
    4.5 SMART GRID MARKET, BY COMMUNICATION TECHNOLOGY TYPE 
    4.6 SMART GRID MARKET, BY END-USE APPLICATION 
 
5 MARKET OVERVIEW (Page No. - 59)
    5.1 INTRODUCTION 
    5.2 MARKET DYNAMICS 
           5.2.1 DRIVERS
                    5.2.1.1 Growing government-led initiatives to deploy smart grids
                    5.2.1.2 Rising use of renewable sources in power generation
                    5.2.1.3 Growing utilization of advanced technology for tracking and mitigating greenhouse gas emissions
                    5.2.1.4 Increasing emphasis on modernization of aging grid infrastructure
                    5.2.1.5 Presence of traditional business models in utilities sector
           5.2.2 RESTRAINTS
                    5.2.2.1 High installation cost of smart grids
                    5.2.2.2 Low awareness of protocols and interoperability standards
           5.2.3 OPPORTUNITIES
                    5.2.3.1 Growing focus on smart city projects in developing countries
                    5.2.3.2 Rising demand for plug-in electric vehicles
                    5.2.3.3 Increasing adoption of cloud-based systems
           5.2.4 CHALLENGES
                    5.2.4.1 Generation of complex data
                    5.2.4.2 Vulnerability to cyber threats
                    5.2.4.3 Delayed return on investment
    5.3 TRENDS/DISRUPTIONS IMPACTING CUSTOMERS’ BUSINESSES 
    5.4 VALUE CHAIN ANALYSIS 
    5.5 ECOSYSTEM ANALYSIS 
    5.6 CASE STUDY ANALYSIS 
           5.6.1 EATON ASSISTED FLORIAN HOTEL WITH BUILDINGS AS GRID THAT ENHANCED ENERGY RESILIENCE
           5.6.2 EQUS COLLABORATED WITH SCHNEIDER ELECTRIC TO IMPLEMENT SMART GRID SOLUTION THAT OFFERED ENHANCED GRID TRANSPARENCY AND IMPROVED OUTAGE RESPONSE TIMES
           5.6.3 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 
           5.8.1 ELECTRIFICATION AND DIGITALIZATION
           5.8.2 AI AND SMART GRID TECHNOLOGY PENETRATION
           5.8.3 ENERGY AS A SERVICE (EAAS)
           5.8.4 DISTRIBUTION SYSTEM DIGITALIZATION
    5.9 TECHNOLOGY ANALYSIS 
           5.9.1 KEY TECHNOLOGIES
                    5.9.1.1 AI
                    5.9.1.2 Blockchain
           5.9.2 ADJACENT TECHNOLOGIES
                    5.9.2.1 Distributed energy resource management systems
    5.1 TRADE ANALYSIS 
           5.10.1 EXPORT DATA (HS CODE 902830)
           5.10.2 IMPORT DATA (HS CODE 902830)
    5.11 PATENT ANALYSIS 
    5.12 KEY CONFERENCES AND EVENTS, 2024–2025 
    5.13 PRICING ANALYSIS 
           5.13.1 AVERAGE SELLING PRICE TREND, BY REGION
           5.13.2 INDICATIVE PRICING TREND OF HARDWARE OFFERINGS
    5.14 TARIFF AND REGULATORY LANDSCAPE 
           5.14.1 TARIFF ANALYSIS
           5.14.2 REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
           5.14.3 CODES AND REGULATIONS
    5.15 PORTER’S FIVE FORCES ANALYSIS 
           5.15.1 THREAT OF NEW ENTRANTS
           5.15.2 BARGAINING POWER OF SUPPLIERS
           5.15.3 BARGAINING POWER OF BUYERS
           5.15.4 THREAT OF SUBSTITUTES
           5.15.5 INTENSITY OF COMPETITIVE RIVALRY
    5.16 KEY STAKEHOLDERS AND BUYING CRITERIA 
           5.16.1 KEY STAKEHOLDERS IN BUYING PROCESS
           5.16.2 BUYING CRITERIA
 
6 SMART GRID MARKET, BY OFFERING (Page No. - 97)
    6.1 INTRODUCTION 
    6.2 SOFTWARE 
           6.2.1 ADVANCED METERING INFRASTRUCTURE SYSTEMS
                    6.2.1.1 Growing focus on reducing carbon footprints to boost demand
           6.2.2 SMART GRID DISTRIBUTION MANAGEMENT SYSTEMS
                    6.2.2.1 Rising establishment of distributed renewable power generation plants to drive market
           6.2.3 SMART GRID NETWORK MANAGEMENT SYSTEMS
                    6.2.3.1 Ability to offer IP-based communication networks to fuel market growth
           6.2.4 GRID ASSET MANAGEMENT SYSTEMS
                    6.2.4.1 Rising demand to store real-time data for continuous asset monitoring to drive market
           6.2.5 SUBSTATION AUTOMATION SYSTEMS
                    6.2.5.1 Pressing need to prevent power blackouts to drive market
           6.2.6 SMART GRID SECURITY SYSTEMS
                    6.2.6.1 Increasing cyberattacks in smart grids to boost demand
           6.2.7 BILLING AND CUSTOMER INFORMATION SYSTEMS
                    6.2.7.1 Growing importance of customer relationship management processes to accelerate demand
    6.3 HARDWARE 
           6.3.1 SMART METERS
                    6.3.1.1 Increasing focus on energy conservation to fuel market growth
           6.3.2 SENSORS
                    6.3.2.1 Integration of advanced intelligence in smart sensors to offer lucrative opportunities
           6.3.3 PROGRAMMABLE LOGIC CONTROLLERS
                    6.3.3.1 Rising demand for advanced automation solutions in smart grid networks to drive market
           6.3.4 OTHERS
    6.4 SERVICES 
           6.4.1 CONSULTING
                    6.4.1.1 Increasing demand for dynamic analysis of products to drive market
           6.4.2 DEPLOYMENT AND INTEGRATION
                    6.4.2.1 Rising need to simplify complexities and scale smart grid systems to boost demand
           6.4.3 SUPPORT AND MAINTENANCE
                    6.4.3.1 Growing focus on monitoring hardware and software operations to drive market
 
7 SMART GRID MARKET, BY END-USE APPLICATION (Page No. - 121)
    7.1 INTRODUCTION 
    7.2 GENERATION 
           7.2.1 RISING DEMAND FOR REAL-TIME DATA ANALYTICS AND ADVANCED MONITORING SYSTEMS TO BOOST DEMAND
    7.3 TRANSMISSION 
           7.3.1 INCREASING ADVANCEMENTS IN AUTOMATION AND COMMUNICATION TECHNOLOGIES TO FUEL MARKET GROWTH
    7.4 DISTRIBUTION 
           7.4.1 INTEGRATION WITH SMART METERS AND ADVANCED SENSORS TO ACCELERATE DEMAND
    7.5 CONSUMPTION 
           7.5.1 INCREASING ADOPTION OF EVS AND SMART HOME APPLIANCES TO FOSTER MARKET GROWTH
 
8 SMART GRID MARKET, BY COMMUNICATION TECHNOLOGY (Page No. - 127)
    8.1 INTRODUCTION 
    8.2 WIRELINE 
           8.2.1 ABILITY TO WITHSTAND HIGH-VOLTAGE ENVIRONMENTS TO BOOST DEMAND
    8.3 WIRELESS 
           8.3.1 ONGOING ADVANCEMENTS IN 5G TECHNOLOGY TO DRIVE MARKET
 
9 SMART GRID MARKET, BY REGION (Page No. - 132)
    9.1 INTRODUCTION 
    9.2 NORTH AMERICA 
           9.2.1 RECESSION IMPACT ON SMART GRID MARKET IN NORTH AMERICA
           9.2.2 US
                    9.2.2.1 Government-led initiatives to enhance grid infrastructure to drive market
           9.2.3 CANADA
                    9.2.3.1 Rising emphasis on sustainable and net-zero economy to boost demand
           9.2.4 MEXICO
                    9.2.4.1 Increasing deployment of advanced metering infrastructure to accelerate demand
    9.3 EUROPE 
           9.3.1 RECESSION IMPACT ON SMART GRID MARKET IN EUROPE
           9.3.2 GERMANY
                    9.3.2.1 Rising emphasis on modernizing power infrastructure to fuel market growth
           9.3.3 UK
                    9.3.3.1 Government-led initiatives to deploy smart meters to drive market
           9.3.4 FRANCE
                    9.3.4.1 Increasing focus on integrating renewable energy into power sector to accelerate demand
           9.3.5 ITALY
                    9.3.5.1 Growing focus on upgrading existing smart grid infrastructure to fuel market growth
           9.3.6 RUSSIA
                    9.3.6.1 Growing importance of railway substation automation to accelerate demand
           9.3.7 SPAIN
                    9.3.7.1 Rising emphasis on developing flexible and adaptive grid systems to offer lucrative growth opportunities
           9.3.8 REST OF EUROPE
    9.4 ASIA PACIFIC 
           9.4.1 RECESSION IMPACT ON SMART GRID MARKET IN ASIA PACIFIC
           9.4.2 CHINA
                    9.4.2.1 Increasing deployment of solar PV systems to boost demand
           9.4.3 JAPAN
                    9.4.3.1 Growing need to create sustainable urban energy model to fuel market growth
           9.4.4 SOUTH KOREA
                    9.4.4.1 Rising emphasis on developing EV charging infrastructure to drive market
           9.4.5 INDIA
                    9.4.5.1 Increasing integration of AI and ML in smart grid for predictive maintenance to fuel market growth
           9.4.6 AUSTRALIA
                    9.4.6.1 Growing need to reduce energy losses in electric utilities to drive market
           9.4.7 REST OF ASIA PACIFIC
    9.5 MIDDLE EAST & AFRICA 
           9.5.1 RECESSION IMPACT ON SMART GRID MARKET IN MIDDLE EAST & AFRICA
           9.5.2 GCC
                    9.5.2.1 Saudi Arabia
                               9.5.2.1.1 Rising focus on developing advanced transmission systems to boost demand
                    9.5.2.2 UAE
                               9.5.2.2.1 Increasing government-led investments in clean and renewable energy projects to fuel market growth
                    9.5.2.3 QATAR
                               9.5.2.3.1 Increasing initiatives to promote energy conservation and reduce carbon emissions to accelerate demand
                    9.5.2.4 Rest of GCC
           9.5.3 SOUTH AFRICA
                    9.5.3.1 Rising integration of renewable energy sources into smart grids to boost demand
           9.5.4 IRAN
                    9.5.4.1 Increasing initiatives to deploy smart meters in residential, commercial, and industrial sectors to support market growth
           9.5.5 REST OF MIDDLE EAST & AFRICA
    9.6 SOUTH AMERICA 
           9.6.1 RECESSION IMPACT ON SMART GRID MARKET IN SOUTH AMERICA
           9.6.2 BRAZIL
                    9.6.2.1 Surging deployment of solar units to drive market
           9.6.3 ARGENTINA
                    9.6.3.1 Rising need to improve supply of electric energy to boost demand
           9.6.4 COLOMBIA
                    9.6.4.1 Increasing participation of private sector to innovate smart grid infrastructure to boost demand
           9.6.5 REST OF SOUTH AMERICA
 
10 COMPETITIVE LANDSCAPE (Page No. - 247)
     10.1 OVERVIEW 
     10.2 KEY PLAYER STRATEGIES/RIGHT TO WIN, 2022–2024 
     10.3 MARKET SHARE ANALYSIS, 2023 
     10.4 REVENUE ANALYSIS, 2019–2023 
     10.5 COMPANY EVALUATION MATRIX: KEY PLAYERS, 2023 
             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, 2023
                       10.5.5.1 Company footprint
                       10.5.5.2 Offering footprint
                       10.5.5.3 End-use application footprint
                       10.5.5.4 Communication technology footprint
                       10.5.5.5 Region footprint
     10.6 COMPANY EVALUATION MATRIX: STARTUPS/SMES, 2023 
             10.6.1 PROGRESSIVE COMPANIES
             10.6.2 RESPONSIVE COMPANIES
             10.6.3 DYNAMIC COMPANIES
             10.6.4 STARTING BLOCKS
             10.6.5 COMPETITIVE BENCHMARKING: STARTUPS/SMES, 2023
                       10.6.5.1 Detailed list of key startups/SMEs
                       10.6.5.2 Competitive benchmarking of key startups/SMEs
     10.7 COMPANY VALUATION AND FINANCIAL METRICS 
     10.8 BRAND/PRODUCT COMPARISON 
     10.9 COMPETITIVE SCENARIO AND TRENDS 
             10.9.1 PRODUCT LAUNCHES
             10.9.2 DEALS
             10.9.3 EXPANSIONS
             10.9.4 OTHERS
 
11 COMPANY PROFILES (Page No. - 267)
     11.1 KEY PLAYERS 
             11.1.1 ABB
                       11.1.1.1 Business overview
                       11.1.1.2 Products/Services/Solutions offered
                       11.1.1.3 Recent developments
                                   11.1.1.3.1 Deals
                                   11.1.1.3.2 Others
                       11.1.1.4 MnM view
                                   11.1.1.4.1 Key strengths/Right to win
                                   11.1.1.4.2 Strategic choices
                                   11.1.1.4.3 Weaknesses/Competitive threats
             11.1.2 SIEMENS
                       11.1.2.1 Business overview
                       11.1.2.2 Products/Services/Solutions offered
                       11.1.2.3 Recent developments
                                   11.1.2.3.1 Product launches
                                   11.1.2.3.2 Deals
                                   11.1.2.3.3 Expansions
                       11.1.2.4 MnM view
                                   11.1.2.4.1 Key strengths/Right to win
                                   11.1.2.4.2 Strategic choices
                                   11.1.2.4.3 Weaknesses/Competitive threats
             11.1.3 SCHNEIDER ELECTRIC
                       11.1.3.1 Business overview
                       11.1.3.2 Products/Services/Solutions offered
                       11.1.3.3 Recent developments
                                   11.1.3.3.1 Product launches
                       11.1.3.4 MnM view
                                   11.1.3.4.1 Key strengths/Right to win
                                   11.1.3.4.2 Strategic choices
                                   11.1.3.4.3 Weaknesses/Competitive threats
             11.1.4 ITRON INC.
                       11.1.4.1 Business overview
                       11.1.4.2 Products/Services/Solutions offered
                       11.1.4.3 Recent developments
                                   11.1.4.3.1 Product launches
                       11.1.4.4 MnM view
                                   11.1.4.4.1 Key strengths/Right to win
                                   11.1.4.4.2 Strategic choices
                                   11.1.4.4.3 Weaknesses/Competitive threats
             11.1.5 GE VERNOVA
                       11.1.5.1 Business overview
                       11.1.5.2 Products/Services/Solutions offered
                       11.1.5.3 Recent developments
                                   11.1.5.3.1 Product launches
                                   11.1.5.3.2 Deals
                                   11.1.5.3.3 Others
                       11.1.5.4 MnM view
                                   11.1.5.4.1 Key strategies/Right to win
                                   11.1.5.4.2 Strategic choices
                                   11.1.5.4.3 Weaknesses/Competitive threats
             11.1.6 CISCO SYSTEMS, INC.
                       11.1.6.1 Business overview
                       11.1.6.2 Products/Services/Solutions offered
                       11.1.6.3 Recent developments
                                   11.1.6.3.1 Product launches
             11.1.7 ORACLE
                       11.1.7.1 Business overview
                       11.1.7.2 Products/Services/Solutions offered
                       11.1.7.3 Recent developments
                                   11.1.7.3.1 Product launches
                                   11.1.7.3.2 Deals
                                   11.1.7.3.3 Others
             11.1.8 HONEYWELL INTERNATIONAL INC.
                       11.1.8.1 Business overview
                       11.1.8.2 Products/Services/Solutions offered
                       11.1.8.3 Recent developments
                                   11.1.8.3.1 Product launches
                                   11.1.8.3.2 Deals
             11.1.9 EATON
                       11.1.9.1 Business overview
                       11.1.9.2 Products/Services/Solutions offered
                       11.1.9.3 Recent developments
                                   11.1.9.3.1 Product launches
               11.1.10 TECH MAHINDRA LIMITED
            11.1.10.1 Business overview
            11.1.10.2 Products/Services/Solutions offered
               11.1.11 TANTALUS
            11.1.11.1 Business overview
            11.1.11.2 Products/Services/Solutions offered
            11.1.11.3 Recent developments
                     11.1.11.3.1 Product launches
                     11.1.11.3.2 Deals
                     11.1.11.3.3 Others
               11.1.12 MITSUBISHI ELECTRIC CORPORATION
            11.1.12.1 Business overview
            11.1.12.2 Products/Services/Solutions offered
            11.1.12.3 Recent developments
                     11.1.12.3.1 Deals
               11.1.13 WIPRO
            11.1.13.1 Business overview
            11.1.13.2 Products/Services/Solutions offered
            11.1.13.3 Recent developments
                     11.1.13.3.1 Deals
               11.1.14 TRILLIANT HOLDINGS INC.
            11.1.14.1 Business overview
            11.1.14.2 Products/Services/Solutions offered
            11.1.14.3 Recent developments
                     11.1.14.3.1 Deals
               11.1.15 KAMSTRUP
            11.1.15.1 Business overview
            11.1.15.2 Products/Services/Solutions offered
            11.1.15.3 Recent developments
                     11.1.15.3.1 Others
               11.1.16 XYLEM
            11.1.16.1 Business overview
            11.1.16.2 Products/Services/Solutions offered
            11.1.16.3 Recent developments
                     11.1.16.3.1 Product launches
                     11.1.16.3.2 Others
     11.2 OTHER PLAYERS 
             11.2.1 ENEL X S.R.L.
             11.2.2 ESMART SYSTEMS
             11.2.3 GRID4C
             11.2.4 NETWORKED ENERGY SERVICES
             11.2.5 HITACHI ENERGY LTD.
             11.2.6 LANDIS+GYR
             11.2.7 SAGEMCOM
             11.2.8 S&C ELECTRIC COMPANY
             11.2.9 EDMI LIMITED
 
12 APPENDIX (Page No. - 329)
     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 (454 Pages Report) 
 
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 CONFERENCES AND EVENTS
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 GRID 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: SMART GRID MARKET, BY TYPE, 2024–2029 (USD MILLION)
TABLE 30 SOFTWARE: SMART GRID MARKET, BY REGION, 2021–2023 (USD MILLION)
TABLE 31 SOFTWARE: SMART GRID MARKET, BY REGION, 2024–2029 (USD MILLION)
TABLE 32 ADVANCED METERING INFRASTRUCTURE SYSTEMS: SMART GRID MARKET, BY REGION, 2021–2023 (USD MILLION)
TABLE 33 ADVANCED METERING INFRASTRUCTURE SYSTEMS: SMART GRID MARKET, BY REGION, 2024–2029 (USD MILLION)
TABLE 34 SMART GRID DISTRIBUTION MANAGEMENT SYSTEMS: SMART GRID MARKET, BY REGION, 2021–2023 (USD MILLION)
TABLE 35 SMART GRID DISTRIBUTION MANAGEMENT SYSTEMS: SMART GRID MARKET, BY REGION, 2024–2029 (USD MILLION)
TABLE 36 SMART GRID NETWORK MANAGEMENT SYSTEMS: SMART GRID MARKET, BY REGION, 2021–2023 (USD MILLION)
TABLE 37 SMART GRID NETWORK MANAGEMENT SYSTEMS: SMART GRID MARKET, BY REGION, 2024–2029 (USD MILLION)
TABLE 38 GRID ASSET MANAGEMENT SYSTEMS: SMART GRID MARKET, BY REGION, 2021–2023 (USD MILLION)
TABLE 39 GRID ASSET MANAGEMENT SYSTEMS: SMART GRID MARKET, BY REGION, 2024–2029 (USD MILLION)
TABLE 40 SUBSTATION AUTOMATION SYSTEMS: SMART GRID MARKET, BY REGION, 2021–2023 (USD MILLION)
TABLE 41 SUBSTATION AUTOMATION SYSTEMS: SMART GRID MARKET, BY REGION, 2024–2029 (USD MILLION)
TABLE 42 SMART GRID SECURITY SYSTEMS: SMART GRID MARKET, BY REGION, 2021–2023 (USD MILLION)
TABLE 43 SMART GRID SECURITY SYSTEMS: SMART GRID MARKET, BY REGION, 2024–2029 (USD MILLION)
TABLE 44 BILLING AND CUSTOMER INFORMATION SYSTEMS: SMART GRID MARKET, BY REGION, 2021–2023 (USD MILLION)
TABLE 45 BILLING AND CUSTOMER INFORMATION SYSTEMS: SMART GRID MARKET, BY REGION, 2024–2029 (USD MILLION)
TABLE 46 HARDWARE: SMART GRID MARKET, BY TYPE, 2021–2023 (USD MILLION)
TABLE 47 HARDWARE: SMART GRID MARKET, BY TYPE, 2024–2029 (USD MILLION)
TABLE 48 HARDWARE: SMART GRID MARKET, BY REGION, 2021–2023 (USD MILLION)
TABLE 49 HARDWARE: SMART GRID MARKET, BY REGION, 2024–2029 (USD MILLION)
TABLE 50 SMART METERS: SMART GRID MARKET, BY REGION, 2021–2023 (USD MILLION)
TABLE 51 SMART METERS: SMART GRID MARKET, BY REGION, 2024–2029 (USD MILLION)
TABLE 52 SMART METERS: SMART GRID MARKET, BY REGION, 2021–2023 (THOUSAND UNITS)
TABLE 53 SMART METERS: SMART GRID MARKET, BY REGION, 2024–2029 (THOUSAND UNITS)
TABLE 54 SENSORS: SMART GRID MARKET, BY REGION, 2021–2023 (USD MILLION)
TABLE 55 SENSORS: SMART GRID MARKET, BY REGION, 2024–2029 (USD MILLION)
TABLE 56 PROGRAMMABLE LOGIC CONTROLLERS: SMART GRID MARKET, BY REGION, 2021–2023 (USD MILLION)
TABLE 57 PROGRAMMABLE LOGIC CONTROLLERS: SMART GRID MARKET, BY REGION, 2024–2029 (USD MILLION)
TABLE 58 OTHERS: SMART GRID MARKET, BY REGION, 2021–2023 (USD MILLION)
TABLE 59 OTHERS: SMART GRID MARKET, BY REGION, BY REGION, 2024–2029 (USD MILLION)
TABLE 60 SERVICES: SMART GRID MARKET, BY TYPE, 2021–2023 (USD MILLION)
TABLE 61 SERVICES: SMART GRID MARKET, BY TYPE, 2024–2029 (USD MILLION)
TABLE 62 SERVICES: SMART GRID MARKET, BY REGION, 2021–2023 (USD MILLION)
TABLE 63 SERVICES: SMART GRID MARKET, BY REGION, 2024–2029 (USD MILLION)
TABLE 64 CONSULTING: SMART GRID MARKET, BY REGION, 2021–2023 (USD MILLION)
TABLE 65 CONSULTING: SMART GRID MARKET, BY REGION, 2024–2029 (USD MILLION)
TABLE 66 DEPLOYMENT AND INTEGRATION: SMART GRID MARKET, BY REGION, 2021–2023 (USD MILLION)
TABLE 67 DEPLOYMENT AND INTEGRATION: SMART GRID MARKET, BY REGION, 2024–2029 (USD MILLION)
TABLE 68 SUPPORT AND MAINTENANCE: SMART GRID MARKET, BY REGION, 2021–2023 (USD MILLION)
TABLE 69 SUPPORT AND MAINTENANCE: SMART GRID MARKET, BY REGION, 2024–2029 (USD MILLION)
TABLE 70 SMART GRID 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 GRID MARKET, BY REGION, 2021–2023 (USD MILLION)
TABLE 73 GENERATION: SMART GRID MARKET, BY REGION, 2024–2029 (USD MILLION)
TABLE 74 TRANSMISSION: SMART GRID MARKET, BY REGION, 2021–2023 (USD MILLION)
TABLE 75 TRANSMISSION: SMART GRID MARKET, BY REGION, 2024–2029 (USD MILLION)
TABLE 76 DISTRIBUTION: SMART GRID MARKET, BY REGION, 2021–2023 (USD MILLION)
TABLE 77 DISTRIBUTION: SMART GRID MARKET, BY REGION, 2024–2029 (USD MILLION)
TABLE 78 CONSUMPTION: SMART GRID MARKET, BY REGION, 2021–2023 (USD MILLION)
TABLE 79 CONSUMPTION: SMART GRID MARKET, BY REGION, 2024–2029 (USD MILLION)
TABLE 80 SMART GRID MARKET, BY COMMUNICATION TECHNOLOGY, 2021–2023 (USD MILLION)
TABLE 81 SMART GRID MARKET, BY COMMUNICATION TECHNOLOGY, 2024–2029 (USD MILLION)
TABLE 82 WIRELINE: SMART GRID MARKET, BY REGION, 2021–2023 (USD MILLION)
TABLE 83 WIRELINE: SMART GRID MARKET, BY REGION, 2024–2029 (USD MILLION)
TABLE 84 WIRELESS: SMART GRID MARKET, BY REGION, 2021–2023 (USD MILLION)
TABLE 85 WIRELESS: SMART GRID MARKET, BY REGION, 2024–2029 (USD MILLION)
TABLE 86 SMART GRID 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: SMART GRID MARKET, BY OFFERING, 2024–2029 (USD MILLION)
TABLE 90 NORTH AMERICA: SMART GRID MARKET FOR SOFTWARE, BY TYPE, 2021–2023 (USD MILLION)
TABLE 91 NORTH AMERICA: SMART GRID MARKET FOR SOFTWARE, BY TYPE, 2024–2029 (USD MILLION)
TABLE 92 NORTH AMERICA: SMART GRID MARKET FOR HARDWARE, BY TYPE, 2021–2023 (USD MILLION)
TABLE 93 NORTH AMERICA: SMART GRID MARKET FOR HARDWARE, BY TYPE, 2024–2029 (USD MILLION)
TABLE 94 NORTH AMERICA: SMART GRID MARKET FOR SERVICES, BY TYPE, 2021–2023 (USD MILLION)
TABLE 95 NORTH AMERICA: SMART GRID MARKET FOR SERVICES, BY TYPE, 2024–2029 (USD MILLION)
TABLE 96 NORTH AMERICA: SMART GRID MARKET, BY END-USE APPLICATION, 2021–2023 (USD MILLION)
TABLE 97 NORTH AMERICA: SMART GRID MARKET, BY END-USE APPLICATION, 2024–2029 (USD MILLION)
TABLE 98 NORTH AMERICA: SMART GRID MARKET, BY COMMUNICATION TECHNOLOGY, 2021–2023 (USD MILLION)
TABLE 99 NORTH AMERICA: SMART GRID MARKET, BY COMMUNICATION TECHNOLOGY, 2024–2029 (USD MILLION)
TABLE 100 NORTH AMERICA: SMART GRID MARKET, BY COUNTRY, 2021–2023 (USD MILLION)
TABLE 101 NORTH AMERICA: SMART GRID MARKET, BY COUNTRY, 2024–2029 (USD MILLION)
TABLE 102 US: SMART GRID MARKET, BY OFFERING, 2021–2023 (USD MILLION)
TABLE 103 US: SMART GRID MARKET, BY OFFERING, 2024–2029 (USD MILLION)
TABLE 104 US: SMART GRID MARKET FOR SOFTWARE, BY TYPE, 2021–2023 (USD MILLION)
TABLE 105 US: SMART GRID MARKET FOR SOFTWARE, BY TYPE, 2024–2029 (USD MILLION)
TABLE 106 US: SMART GRID MARKET FOR HARDWARE, BY TYPE, 2021–2023 (USD MILLION)
TABLE 107 US: SMART GRID MARKET FOR HARDWARE, BY TYPE, 2024–2029 (USD MILLION)
TABLE 108 US: SMART GRID MARKET FOR SERVICES, BY TYPE, 2021–2023 (USD MILLION)
TABLE 109 US: SMART GRID MARKET FOR SERVICES, BY TYPE, 2024–2029 (USD MILLION)
TABLE 110 CANADA: SMART GRID MARKET, BY OFFERING, 2021–2023 (USD MILLION)
TABLE 111 CANADA: SMART GRID MARKET, BY OFFERING, 2024–2029 (USD MILLION)
TABLE 112 CANADA: SMART GRID MARKET FOR SOFTWARE, BY TYPE, 2021–2023 (USD MILLION)
TABLE 113 CANADA: SMART GRID MARKET FOR SOFTWARE, BY TYPE, 2024–2029 (USD MILLION)
TABLE 114 CANADA: SMART GRID MARKET FOR HARDWARE, BY TYPE, 2021–2023 (USD MILLION)
TABLE 115 CANADA: SMART GRID MARKET FOR HARDWARE, BY TYPE, 2024–2029 (USD MILLION)
TABLE 116 CANADA: SMART GRID MARKET FOR SERVICES, BY TYPE, 2021–2023 (USD MILLION)
TABLE 117 CANADA: SMART GRID MARKET FOR SERVICES, BY TYPE, 2024–2029 (USD MILLION)
TABLE 118 MEXICO: SMART GRID MARKET, BY OFFERING, 2021–2023 (USD MILLION)
TABLE 119 MEXICO: SMART GRID MARKET, BY OFFERING, 2024–2029 (USD MILLION)
TABLE 120 MEXICO: SMART GRID MARKET FOR SOFTWARE, BY TYPE, 2021–2023 (USD MILLION)
TABLE 121 MEXICO: SMART GRID MARKET FOR SOFTWARE, BY TYPE, 2024–2029 (USD MILLION)
TABLE 122 MEXICO: SMART GRID MARKET FOR HARDWARE, BY TYPE, 2021–2023 (USD MILLION)
TABLE 123 MEXICO: SMART GRID MARKET FOR HARDWARE, BY TYPE, 2024–2029 (USD MILLION)
TABLE 124 MEXICO: SMART GRID MARKET FOR SERVICES, BY TYPE, 2021–2023 (USD MILLION)
TABLE 125 MEXICO: SMART GRID MARKET FOR SERVICES, BY TYPE, 2024–2029 (USD MILLION)
TABLE 126 EUROPE: SMART GRID MARKET, BY OFFERING, 2021–2023 (USD MILLION)
TABLE 127 EUROPE: SMART GRID MARKET, BY OFFERING, 2024–2029 (USD MILLION)
TABLE 128 EUROPE: SMART GRID MARKET FOR SOFTWARE, BY TYPE, 2021–2023 (USD MILLION)
TABLE 129 EUROPE: SMART GRID MARKET FOR SOFTWARE, BY TYPE, 2024–2029 (USD MILLION)
TABLE 130 EUROPE: SMART GRID MARKET FOR HARDWARE, BY TYPE, 2021–2023 (USD MILLION)
TABLE 131 EUROPE: SMART GRID MARKET FOR HARDWARE, BY TYPE, 2024–2029 (USD MILLION)
TABLE 132 EUROPE: SMART GRID MARKET FOR SERVICES, BY TYPE, 2021–2023 (USD MILLION)
TABLE 133 EUROPE: SMART GRID MARKET FOR SERVICES, BY TYPE, 2024–2029 (USD MILLION)
TABLE 134 EUROPE: SMART GRID MARKET, BY END-USE APPLICATION, 2021–2023 (USD MILLION)
TABLE 135 EUROPE: SMART GRID MARKET, BY END-USE APPLICATION, 2024–2029 (USD MILLION)
TABLE 136 EUROPE: SMART GRID MARKET, BY COMMUNICATION TECHNOLOGY, 2021–2023 (USD MILLION)
TABLE 137 EUROPE: SMART GRID MARKET, BY COMMUNICATION TECHNOLOGY, 2024–2029 (USD MILLION)
TABLE 138 EUROPE: SMART GRID MARKET, BY COUNTRY, 2021–2023 (USD MILLION)
TABLE 139 EUROPE: SMART GRID MARKET, BY COUNTRY, 2024–2029 (USD MILLION)
TABLE 140 GERMANY: SMART GRID MARKET, BY OFFERING, 2021–2023 (USD MILLION)
TABLE 141 GERMANY: SMART GRID MARKET, BY OFFERING, 2024–2029 (USD MILLION)
TABLE 142 GERMANY: SMART GRID MARKET FOR SOFTWARE, BY TYPE, 2021–2023 (USD MILLION)
TABLE 143 GERMANY: SMART GRID MARKET FOR SOFTWARE, BY TYPE, 2024–2029 (USD MILLION)
TABLE 144 GERMANY: SMART GRID MARKET FOR HARDWARE, BY TYPE, 2021–2023 (USD MILLION)
TABLE 145 GERMANY: SMART GRID MARKET FOR HARDWARE, BY TYPE, 2024–2029 (USD MILLION)
TABLE 146 GERMANY: SMART GRID MARKET FOR SERVICES, BY TYPE, 2021–2023 (USD MILLION)
TABLE 147 GERMANY: SMART GRID MARKET FOR SERVICES, BY TYPE, 2024–2029 (USD MILLION)
TABLE 148 UK: SMART GRID MARKET, BY OFFERING, 2021–2023 (USD MILLION)
TABLE 149 UK: SMART GRID MARKET, BY OFFERING, 2024–2029 (USD MILLION)
TABLE 150 UK: SMART GRID MARKET FOR SOFTWARE, BY TYPE, 2021–2023 (USD MILLION)
TABLE 151 UK: SMART GRID MARKET FOR SOFTWARE, BY TYPE, 2024–2029 (USD MILLION)
TABLE 152 UK: SMART GRID MARKET FOR HARDWARE, BY TYPE, 2021–2023 (USD MILLION)
TABLE 153 UK: SMART GRID MARKET FOR HARDWARE, BY TYPE, 2024–2029 (USD MILLION)
TABLE 154 UK: SMART GRID MARKET FOR SERVICES, BY TYPE, 2021–2023 (USD MILLION)
TABLE 155 UK: SMART GRID MARKET FOR SERVICES, BY TYPE, 2024–2029 (USD MILLION)
TABLE 156 FRANCE: SMART GRID MARKET, BY OFFERING, 2021–2023 (USD MILLION)
TABLE 157 FRANCE: SMART GRID MARKET, BY OFFERING, 2024–2029 (USD MILLION)
TABLE 158 FRANCE: SMART GRID MARKET FOR SOFTWARE, BY TYPE, 2021–2023 (USD MILLION)
TABLE 159 FRANCE: SMART GRID MARKET FOR SOFTWARE, BY TYPE, 2024–2029 (USD MILLION)
TABLE 160 FRANCE: SMART GRID MARKET FOR HARDWARE, BY TYPE, 2021–2023 (USD MILLION)
TABLE 161 FRANCE: SMART GRID MARKET FOR HARDWARE, BY TYPE, 2024–2029 (USD MILLION)
TABLE 162 FRANCE: SMART GRID MARKET FOR SERVICES, BY TYPE, 2021–2023 (USD MILLION)
TABLE 163 FRANCE: SMART GRID MARKET FOR SERVICES, BY TYPE, 2024–2029 (USD MILLION)
TABLE 164 ITALY: SMART GRID MARKET, BY OFFERING, 2021–2023 (USD MILLION)
TABLE 165 ITALY: SMART GRID MARKET, BY OFFERING, 2024–2029 (USD MILLION)
TABLE 166 ITALY: SMART GRID MARKET FOR SOFTWARE, BY TYPE, 2021–2023 (USD MILLION)
TABLE 167 ITALY: SMART GRID MARKET FOR SOFTWARE, BY TYPE, 2024–2029 (USD MILLION)
TABLE 168 ITALY: SMART GRID MARKET FOR HARDWARE, BY TYPE, 2021–2023 (USD MILLION)
TABLE 169 ITALY: SMART GRID MARKET FOR HARDWARE, BY TYPE, 2024–2029 (USD MILLION)
TABLE 170 ITALY: SMART GRID MARKET FOR SERVICES, BY TYPE, 2021–2023 (USD MILLION)
TABLE 171 ITALY: SMART GRID MARKET FOR SERVICES, BY TYPE, 2024–2029 (USD MILLION)
TABLE 172 RUSSIA: SMART GRID MARKET, BY OFFERING, 2021–2023 (USD MILLION)
TABLE 173 RUSSIA: SMART GRID MARKET, BY OFFERING, 2024–2029 (USD MILLION)
TABLE 174 RUSSIA: SMART GRID MARKET FOR SOFTWARE, BY TYPE, 2021–2023 (USD MILLION)
TABLE 175 RUSSIA: SMART GRID MARKET FOR SOFTWARE, BY TYPE, 2024–2029 (USD MILLION)
TABLE 176 RUSSIA: SMART GRID MARKET FOR HARDWARE, BY TYPE, 2021–2023 (USD MILLION)
TABLE 177 RUSSIA: SMART GRID MARKET FOR HARDWARE, BY TYPE, 2024–2029 (USD MILLION)
TABLE 178 RUSSIA: SMART GRID MARKET FOR SERVICES, BY TYPE, 2021–2023 (USD MILLION)
TABLE 179 RUSSIA: SMART GRID MARKET FOR SERVICES, BY TYPE, 2024–2029 (USD MILLION)
TABLE 180 SPAIN: SMART GRID MARKET, BY OFFERING, 2021–2023 (USD MILLION)
TABLE 181 SPAIN: SMART GRID MARKET, BY OFFERING, 2024–2029 (USD MILLION)
TABLE 182 SPAIN: SMART GRID MARKET FOR SOFTWARE, BY TYPE, 2021–2023 (USD MILLION)
TABLE 183 SPAIN: SMART GRID MARKET FOR SOFTWARE, BY TYPE, 2024–2029 (USD MILLION)
TABLE 184 SPAIN: SMART GRID MARKET FOR HARDWARE, BY TYPE, 2021–2023 (USD MILLION)
TABLE 185 SPAIN: SMART GRID MARKET FOR HARDWARE, BY TYPE, 2024–2029 (USD MILLION)
TABLE 186 SPAIN: SMART GRID MARKET FOR SERVICES, BY TYPE, 2021–2023 (USD MILLION)
TABLE 187 SPAIN: SMART GRID MARKET FOR SERVICES, BY TYPE, 2024–2029 (USD MILLION)
TABLE 188 REST OF EUROPE: SMART GRID MARKET, BY OFFERING, 2021–2023 (USD MILLION)
TABLE 189 REST OF EUROPE: SMART GRID MARKET, BY OFFERING, 2024–2029 (USD MILLION)
TABLE 190 REST OF EUROPE: SMART GRID MARKET FOR SOFTWARE, BY TYPE, 2021–2023 (USD MILLION)
TABLE 191 REST OF EUROPE: SMART GRID MARKET FOR SOFTWARE, BY TYPE, 2024–2029 (USD MILLION)
TABLE 192 REST OF EUROPE: SMART GRID MARKET FOR HARDWARE, BY TYPE, 2021–2023 (USD MILLION)
TABLE 193 REST OF EUROPE: SMART GRID MARKET FOR HARDWARE, BY TYPE, 2024–2029 (USD MILLION)
TABLE 194 REST OF EUROPE: SMART GRID MARKET FOR SERVICES, BY TYPE, 2021–2023 (USD MILLION)
TABLE 195 REST OF EUROPE: SMART GRID 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: SMART GRID MARKET, BY OFFERING, 2024–2029 (USD MILLION)
TABLE 198 ASIA PACIFIC: SMART GRID MARKET FOR SOFTWARE, BY OFFERING, 2021–2023 (USD MILLION)
TABLE 199 ASIA PACIFIC: SMART GRID MARKET FOR SOFTWARE, BY TYPE, 2024–2029 (USD MILLION)
TABLE 200 ASIA PACIFIC: SMART GRID MARKET FOR HARDWARE, BY TYPE, 2021–2023 (USD MILLION)
TABLE 201 ASIA PACIFIC: SMART GRID MARKET FOR HARDWARE, BY TYPE, 2024–2029 (USD MILLION)
TABLE 202 ASIA PACIFIC: SMART GRID MARKET FOR SERVICES, BY TYPE, 2021–2023 (USD MILLION)
TABLE 203 ASIA PACIFIC: SMART GRID MARKET FOR SERVICES, BY TYPE, 2024–2029 (USD MILLION)
TABLE 204 ASIA PACIFIC: SMART GRID MARKET, BY END-USE APPLICATION, 2021–2023 (USD MILLION)
TABLE 205 ASIA PACIFIC: SMART GRID MARKET, BY END-USE APPLICATION, 2024–2029 (USD MILLION)
TABLE 206 ASIA PACIFIC: SMART GRID MARKET, BY COMMUNICATION TECHNOLOGY, 2021–2023 (USD MILLION)
TABLE 207 ASIA PACIFIC: SMART GRID MARKET, BY COMMUNICATION TECHNOLOGY, 2024–2029 (USD MILLION)
TABLE 208 ASIA PACIFIC: SMART GRID MARKET, BY COUNTRY, 2021–2023 (USD MILLION)
TABLE 209 ASIA PACIFIC: SMART GRID MARKET, BY COUNTRY, 2024–2029 (USD MILLION)
TABLE 210 CHINA: SMART GRID MARKET, BY OFFERING, 2021–2023 (USD MILLION)
TABLE 211 CHINA: SMART GRID MARKET, BY OFFERING, 2024–2029 (USD MILLION)
TABLE 212 CHINA: SMART GRID MARKET FOR SOFTWARE, BY TYPE, 2021–2023 (USD MILLION)
TABLE 213 CHINA: SMART GRID MARKET FOR SOFTWARE, BY TYPE, 2024–2029 (USD MILLION)
TABLE 214 CHINA: SMART GRID MARKET FOR HARDWARE, BY TYPE, 2021–2023 (USD MILLION)
TABLE 215 CHINA: SMART GRID MARKET FOR HARDWARE, BY TYPE, 2024–2029 (USD MILLION)
TABLE 216 CHINA: SMART GRID MARKET FOR SERVICES, BY TYPE, 2021–2023 (USD MILLION)
TABLE 217 CHINA: SMART GRID MARKET FOR SERVICES, BY TYPE, 2024–2029 (USD MILLION)
TABLE 218 JAPAN: SMART GRID MARKET, BY OFFERING, 2021–2023 (USD MILLION)
TABLE 219 JAPAN: SMART GRID MARKET, BY OFFERING, 2024–2029 (USD MILLION)
TABLE 220 JAPAN: SMART GRID MARKET FOR SOFTWARE, BY TYPE, 2021–2023 (USD MILLION)
TABLE 221 JAPAN: SMART GRID MARKET FOR SOFTWARE, BY TYPE, 2024–2029 (USD MILLION)
TABLE 222 JAPAN: SMART GRID MARKET FOR HARDWARE, BY TYPE, 2021–2023 (USD MILLION)
TABLE 223 JAPAN: SMART GRID MARKET FOR HARDWARE, BY TYPE, 2024–2029 (USD MILLION)
TABLE 224 JAPAN: SMART GRID MARKET FOR SERVICES, BY TYPE, 2021–2023 (USD MILLION)
TABLE 225 JAPAN: SMART GRID 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: SMART GRID MARKET, BY OFFERING, 2024–2029 (USD MILLION)
TABLE 228 SOUTH KOREA: SMART GRID MARKET FOR SOFTWARE, BY TYPE, 2021–2023 (USD MILLION)
TABLE 229 SOUTH KOREA: SMART GRID MARKET FOR SOFTWARE, BY TYPE, 2024–2029 (USD MILLION)
TABLE 230 SOUTH KOREA: SMART GRID MARKET FOR HARDWARE, BY TYPE, 2021–2023 (USD MILLION)
TABLE 231 SOUTH KOREA: SMART GRID MARKET FOR HARDWARE, BY TYPE, 2024–2029 (USD MILLION)
TABLE 232 SOUTH KOREA: SMART GRID MARKET FOR SERVICES, BY TYPE, 2021–2023 (USD MILLION)
TABLE 233 SOUTH KOREA: SMART GRID MARKET FOR SERVICES, BY TYPE, 2024–2029 (USD MILLION)
TABLE 234 INDIA: SMART GRID MARKET, BY OFFERING, 2021–2023 (USD MILLION)
TABLE 235 INDIA: SMART GRID MARKET, BY OFFERING, 2024–2029 (USD MILLION)
TABLE 236 INDIA: SMART GRID MARKET FOR SOFTWARE, BY TYPE, 2021–2023 (USD MILLION)
TABLE 237 INDIA: SMART GRID MARKET FOR SOFTWARE, BY TYPE, 2024–2029 (USD MILLION)
TABLE 238 INDIA: SMART GRID MARKET FOR HARDWARE, BY TYPE, 2021–2023 (USD MILLION)
TABLE 239 INDIA: SMART GRID MARKET FOR HARDWARE, BY TYPE, 2024–2029 (USD MILLION)
TABLE 240 INDIA: SMART GRID MARKET FOR SERVICES, BY TYPE, 2021–2023 (USD MILLION)
TABLE 241 INDIA: SMART GRID MARKET FOR SERVICES, BY TYPE, 2024–2029 (USD MILLION)
TABLE 242 AUSTRALIA: SMART GRID MARKET, BY OFFERING, 2021–2023 (USD MILLION)
TABLE 243 AUSTRALIA: SMART GRID MARKET, BY OFFERING, 2024–2029 (USD MILLION)
TABLE 244 AUSTRALIA: SMART GRID MARKET FOR SOFTWARE, BY TYPE, 2021–2023 (USD MILLION)
TABLE 245 AUSTRALIA: SMART GRID MARKET FOR SOFTWARE, BY TYPE, 2024–2029 (USD MILLION)
TABLE 246 AUSTRALIA: SMART GRID MARKET FOR HARDWARE, BY TYPE, 2021–2023 (USD MILLION)
TABLE 247 AUSTRALIA: SMART GRID MARKET FOR HARDWARE, BY TYPE, 2024–2029 (USD MILLION)
TABLE 248 AUSTRALIA: SMART GRID MARKET FOR SERVICES, BY TYPE, 2021–2023 (USD MILLION)
TABLE 249 AUSTRALIA: SMART GRID MARKET FOR SERVICES, BY TYPE, 2024–2029 (USD MILLION)
TABLE 250 REST OF ASIA PACIFIC: SMART GRID MARKET, BY OFFERING, 2021–2023 (USD MILLION)
TABLE 251 REST OF ASIA PACIFIC: SMART GRID MARKET, BY OFFERING, 2024–2029 (USD MILLION)
TABLE 252 REST OF ASIA PACIFIC: SMART GRID MARKET FOR SOFTWARE, BY TYPE, 2021–2023 (USD MILLION)
TABLE 253 REST OF ASIA PACIFIC: SMART GRID MARKET FOR SOFTWARE, BY TYPE, 2024–2029 (USD MILLION)
TABLE 254 REST OF ASIA PACIFIC: SMART GRID MARKET FOR HARDWARE, BY TYPE, 2021–2023 (USD MILLION)
TABLE 255 REST OF ASIA PACIFIC: SMART GRID MARKET FOR HARDWARE, BY TYPE, 2024–2029 (USD MILLION)
TABLE 256 REST OF ASIA PACIFIC: SMART GRID MARKET FOR SERVICES, BY TYPE, 2021–2023 (USD MILLION)
TABLE 257 REST OF ASIA PACIFIC: SMART GRID 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: SMART GRID MARKET, BY OFFERING, 2024–2029 (USD MILLION)
TABLE 260 MIDDLE EAST & AFRICA: SMART GRID MARKET FOR SOFTWARE, BY TYPE, 2021–2023 (USD MILLION)
TABLE 261 MIDDLE EAST & AFRICA: SMART GRID MARKET FOR SOFTWARE, BY TYPE, 2024–2029 (USD MILLION)
TABLE 262 MIDDLE EAST & AFRICA: SMART GRID MARKET FOR HARDWARE, BY TYPE, 2021–2023 (USD MILLION)
TABLE 263 MIDDLE EAST & AFRICA: SMART GRID MARKET FOR HARDWARE, BY TYPE, 2024–2029 (USD MILLION)
TABLE 264 MIDDLE EAST & AFRICA: SMART GRID MARKET FOR SERVICES, BY TYPE, 2021–2023 (USD MILLION)
TABLE 265 MIDDLE EAST & AFRICA: SMART GRID MARKET FOR SERVICES, BY TYPE, 2024–2029 (USD MILLION)
TABLE 266 MIDDLE EAST & AFRICA: SMART GRID MARKET, BY END-USE APPLICATION, 2021–2023 (USD MILLION)
TABLE 267 MIDDLE EAST & AFRICA: SMART GRID MARKET, BY END-USE APPLICATION, 2024–2029 (USD MILLION)
TABLE 268 MIDDLE EAST & AFRICA: SMART GRID MARKET, BY COMMUNICATION TECHNOLOGY, 2021–2023 (USD MILLION)
TABLE 269 MIDDLE EAST & AFRICA: SMART GRID MARKET, BY COMMUNICATION TECHNOLOGY, 2024–2029 (USD MILLION)
TABLE 270 MIDDLE EAST & AFRICA: SMART GRID MARKET, BY COUNTRY, 2021–2023 (USD MILLION)
TABLE 271 MIDDLE EAST & AFRICA: SMART GRID MARKET, BY COUNTRY, 2024–2029 (USD MILLION)
TABLE 272 GCC: SMART GRID MARKET, BY COUNTRY, 2021–2023 (USD MILLION)
TABLE 273 GCC: SMART GRID MARKET, BY COUNTRY, 2024–2029 (USD MILLION)
TABLE 274 GCC: SMART GRID MARKET, BY OFFERING, 2021–2023 (USD MILLION)
TABLE 275 GCC: SMART GRID MARKET, BY OFFERING, 2024–2029 (USD MILLION)
TABLE 276 GCC: SMART GRID MARKET FOR SOFTWARE, BY TYPE, 2021–2023 (USD MILLION)
TABLE 277 GCC: SMART GRID MARKET FOR SOFTWARE, BY TYPE, 2024–2029 (USD MILLION)
TABLE 278 GCC: SMART GRID MARKET FOR HARDWARE, BY TYPE, 2021–2023 (USD MILLION)
TABLE 279 GCC: SMART GRID MARKET FOR HARDWARE, BY TYPE, 2024–2029 (USD MILLION)
TABLE 280 GCC: SMART GRID MARKET FOR SERVICES, BY TYPE, 2021–2023 (USD MILLION)
TABLE 281 GCC: SMART GRID 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: SMART GRID MARKET, BY OFFERING, 2024–2029 (USD MILLION)
TABLE 284 SAUDI ARABIA: SMART GRID MARKET FOR SOFTWARE, BY TYPE, 2021–2023 (USD MILLION)
TABLE 285 SAUDI ARABIA: SMART GRID MARKET FOR SOFTWARE, BY TYPE, 2024–2029 (USD MILLION)
TABLE 286 SAUDI ARABIA: SMART GRID MARKET FOR HARDWARE, BY TYPE, 2021–2023 (USD MILLION)
TABLE 287 SAUDI ARABIA: SMART GRID MARKET FOR HARDWARE, BY TYPE, 2024–2029 (USD MILLION)
TABLE 288 SAUDI ARABIA: SMART GRID MARKET FOR SERVICES, BY TYPE, 2021–2023 (USD MILLION)
TABLE 289 SAUDI ARABIA: SMART GRID MARKET FOR SERVICES, BY TYPE, 2024–2029 (USD MILLION)
TABLE 290 UAE: SMART GRID MARKET, BY OFFERING, 2021–2023 (USD MILLION)
TABLE 291 UAE: SMART GRID MARKET, BY OFFERING, 2024–2029 (USD MILLION)
TABLE 292 UAE: SMART GRID MARKET FOR SOFTWARE, BY TYPE, 2021–2023 (USD MILLION)
TABLE 293 UAE: SMART GRID MARKET FOR SOFTWARE, BY TYPE, 2024–2029 (USD MILLION)
TABLE 294 UAE: SMART GRID MARKET FOR HARDWARE, BY TYPE, 2021–2023 (USD MILLION)
TABLE 295 UAE: SMART GRID MARKET FOR HARDWARE, BY TYPE, 2024–2029 (USD MILLION)
TABLE 296 UAE: SMART GRID MARKET FOR SERVICES, BY TYPE, 2021–2023 (USD MILLION)
TABLE 297 UAE: SMART GRID MARKET FOR SERVICES, BY TYPE, 2024–2029 (USD MILLION)
TABLE 298 QATAR: SMART GRID MARKET, BY OFFERING, 2021–2023 (USD MILLION)
TABLE 299 QATAR: SMART GRID MARKET, BY OFFERING, 2024–2029 (USD MILLION)
TABLE 300 QATAR: SMART GRID MARKET FOR SOFTWARE, BY TYPE, 2021–2023 (USD MILLION)
TABLE 301 QATAR: SMART GRID MARKET FOR SOFTWARE, BY TYPE, 2024–2029 (USD MILLION)
TABLE 302 QATAR: SMART GRID MARKET FOR HARDWARE, BY TYPE, 2021–2023 (USD MILLION)
TABLE 303 QATAR: SMART GRID MARKET FOR HARDWARE, BY TYPE, 2024–2029 (USD MILLION)
TABLE 304 QATAR: SMART GRID MARKET FOR SERVICES, BY TYPE, 2021–2023 (USD MILLION)
TABLE 305 QATAR: SMART GRID MARKET FOR SERVICES, BY TYPE, 2024–2029 (USD MILLION)
TABLE 306 REST OF GCC: SMART GRID MARKET, BY OFFERING, 2021–2023 (USD MILLION)
TABLE 307 REST OF GCC: SMART GRID MARKET, BY OFFERING, 2024–2029 (USD MILLION)
TABLE 308 REST OF GCC: SMART GRID MARKET FOR SOFTWARE, BY TYPE, 2021–2023 (USD MILLION)
TABLE 309 REST OF GCC: SMART GRID MARKET FOR SOFTWARE, BY TYPE, 2024–2029 (USD MILLION)
TABLE 310 REST OF GCC: SMART GRID MARKET FOR HARDWARE, BY TYPE, 2021–2023 (USD MILLION)
TABLE 311 REST OF GCC: SMART GRID MARKET FOR HARDWARE, BY TYPE, 2024–2029 (USD MILLION)
TABLE 312 REST OF GCC: SMART GRID MARKET FOR SERVICES, BY TYPE, 2021–2023 (USD MILLION)
TABLE 313 REST OF GCC: SMART GRID 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: SMART GRID MARKET, BY OFFERING, 2024–2029 (USD MILLION)
TABLE 316 SOUTH AFRICA: SMART GRID MARKET FOR SOFTWARE, BY TYPE, 2021–2023 (USD MILLION)
TABLE 317 SOUTH AFRICA: SMART GRID MARKET FOR SOFTWARE, BY TYPE, 2024–2029 (USD MILLION)
TABLE 318 SOUTH AFRICA: SMART GRID MARKET FOR HARDWARE, BY TYPE, 2021–2023 (USD MILLION)
TABLE 319 SOUTH AFRICA: SMART GRID MARKET FOR HARDWARE, BY TYPE, 2024–2029 (USD MILLION)
TABLE 320 SOUTH AFRICA: SMART GRID MARKET FOR SERVICES, BY TYPE, 2021–2023 (USD MILLION)
TABLE 321 SOUTH AFRICA: SMART GRID MARKET FOR SERVICES, BY TYPE, 2024–2029 (USD MILLION)
TABLE 322 IRAN: SMART GRID MARKET, BY OFFERING, 2021–2023 (USD MILLION)
TABLE 323 IRAN: SMART GRID MARKET, BY OFFERING, 2024–2029 (USD MILLION)
TABLE 324 IRAN: SMART GRID MARKET FOR SOFTWARE, BY TYPE, 2021–2023 (USD MILLION)
TABLE 325 IRAN: SMART GRID MARKET FOR SOFTWARE, BY TYPE, 2024–2029 (USD MILLION)
TABLE 326 IRAN: SMART GRID MARKET FOR HARDWARE, BY TYPE, 2021–2023 (USD MILLION)
TABLE 327 IRAN: SMART GRID MARKET FOR HARDWARE, BY TYPE, 2024–2029 (USD MILLION)
TABLE 328 IRAN: SMART GRID MARKET FOR SERVICES, BY TYPE, 2021–2023 (USD MILLION)
TABLE 329 IRAN: SMART GRID MARKET FOR SERVICES, BY TYPE, 2024–2029 (USD MILLION)
TABLE 330 REST OF MIDDLE EAST & AFRICA: SMART GRID MARKET, BY OFFERING, 2021–2023 (USD MILLION)
TABLE 331 REST OF MIDDLE EAST & AFRICA: SMART GRID MARKET, BY OFFERING, 2024–2029 (USD MILLION)
TABLE 332 REST OF MIDDLE EAST & AFRICA: SMART GRID MARKET FOR SOFTWARE, BY TYPE, 2021–2023 (USD MILLION)
TABLE 333 REST OF MIDDLE EAST & AFRICA: SMART GRID MARKET FOR SOFTWARE, BY TYPE, 2024–2029 (USD MILLION)
TABLE 334 REST OF MIDDLE EAST & AFRICA: SMART GRID MARKET FOR HARDWARE, BY TYPE, 2021–2023 (USD MILLION)
TABLE 335 REST OF MIDDLE EAST & AFRICA: SMART GRID MARKET FOR HARDWARE, BY TYPE, 2024–2029 (USD MILLION)
TABLE 336 REST OF MIDDLE EAST & AFRICA: SMART GRID MARKET FOR SERVICES, BY TYPE, 2021–2023 (USD MILLION)
TABLE 337 REST OF MIDDLE EAST & AFRICA: SMART GRID 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: SMART GRID MARKET, BY OFFERING, 2024–2029 (USD MILLION)
TABLE 340 SOUTH AMERICA: SMART GRID MARKET FOR SOFTWARE, BY TYPE, 2021–2023 (USD MILLION)
TABLE 341 SOUTH AMERICA: SMART GRID MARKET FOR SOFTWARE, BY TYPE, 2024–2029 (USD MILLION)
TABLE 342 SOUTH AMERICA: SMART GRID MARKET FOR HARDWARE, BY TYPE, 2021–2023 (USD MILLION)
TABLE 343 SOUTH AMERICA: SMART GRID MARKET FOR HARDWARE, BY TYPE, 2024–2029 (USD MILLION)
TABLE 344 SOUTH AMERICA: SMART GRID MARKET FOR SERVICES, BY TYPE, 2021–2023 (USD MILLION)
TABLE 345 SOUTH AMERICA: SMART GRID MARKET FOR SERVICES, BY TYPE, 2024–2029 (USD MILLION)
TABLE 346 SOUTH AMERICA: SMART GRID MARKET, BY END-USE APPLICATION, 2021–2023 (USD MILLION)
TABLE 347 SOUTH AMERICA: SMART GRID MARKET, BY END-USE APPLICATION, 2024–2029 (USD MILLION)
TABLE 348 SOUTH AMERICA: SMART GRID MARKET, BY COMMUNICATION TECHNOLOGY, 2021–2023 (USD MILLION)
TABLE 349 SOUTH AMERICA: SMART GRID MARKET, BY COMMUNICATION TECHNOLOGY, 2024–2029 (USD MILLION)
TABLE 350 SOUTH AMERICA: SMART GRID MARKET, BY COUNTRY, 2021–2023 (USD MILLION)
TABLE 351 SOUTH AMERICA: SMART GRID MARKET, BY COUNTRY, 2024–2029 (USD MILLION)
TABLE 352 BRAZIL: SMART GRID MARKET, BY OFFERING, 2021–2023 (USD MILLION)
TABLE 353 BRAZIL: SMART GRID MARKET, BY OFFERING, 2024–2029 (USD MILLION)
TABLE 354 BRAZIL: SMART GRID MARKET FOR SOFTWARE, BY TYPE, 2021–2023 (USD MILLION)
TABLE 355 BRAZIL: SMART GRID MARKET FOR SOFTWARE, BY TYPE, 2024–2029 (USD MILLION)
TABLE 356 BRAZIL: SMART GRID MARKET FOR HARDWARE, BY TYPE, 2021–2023 (USD MILLION)
TABLE 357 BRAZIL: SMART GRID MARKET FOR HARDWARE, BY TYPE, 2024–2029 (USD MILLION)
TABLE 358 BRAZIL: SMART GRID MARKET FOR SERVICES, BY TYPE, 2021–2023 (USD MILLION)
TABLE 359 BRAZIL: SMART GRID MARKET FOR SERVICES, BY TYPE, 2024–2029 (USD MILLION)
TABLE 360 ARGENTINA: SMART GRID MARKET, BY OFFERING, 2021–2023 (USD MILLION)
TABLE 361 ARGENTINA: SMART GRID MARKET, BY OFFERING, 2024–2029 (USD MILLION)
TABLE 362 ARGENTINA: SMART GRID MARKET FOR SOFTWARE, BY TYPE, 2021–2023 (USD MILLION)
TABLE 363 ARGENTINA: SMART GRID MARKET FOR SOFTWARE, BY TYPE, 2024–2029 (USD MILLION)
TABLE 364 ARGENTINA: SMART GRID MARKET FOR HARDWARE, BY TYPE, 2021–2023 (USD MILLION)
TABLE 365 ARGENTINA: SMART GRID MARKET FOR HARDWARE, BY TYPE, 2024–2029 (USD MILLION)
TABLE 366 ARGENTINA: SMART GRID MARKET FOR SERVICES, BY TYPE, 2021–2023 (USD MILLION)
TABLE 367 ARGENTINA: SMART GRID MARKET FOR SERVICES, BY TYPE, 2024–2029 (USD MILLION)
TABLE 368 COLOMBIA: SMART GRID MARKET, BY OFFERING, 2021–2023 (USD MILLION)
TABLE 369 COLOMBIA: SMART GRID MARKET, BY OFFERING, 2024–2029 (USD MILLION)
TABLE 370 COLOMBIA: SMART GRID MARKET FOR SOFTWARE, BY TYPE, 2021–2023 (USD MILLION)
TABLE 371 COLOMBIA: SMART GRID MARKET FOR SOFTWARE, BY TYPE, 2024–2029 (USD MILLION)
TABLE 372 COLOMBIA: SMART GRID MARKET FOR HARDWARE, BY TYPE, 2021–2023 (USD MILLION)
TABLE 373 COLOMBIA: SMART GRID MARKET FOR HARDWARE, BY TYPE, 2024–2029 (USD MILLION)
TABLE 374 COLOMBIA: SMART GRID MARKET FOR SERVICES, BY TYPE, 2021–2023 (USD MILLION)
TABLE 375 COLOMBIA: SMART GRID MARKET FOR SERVICES, BY TYPE, 2024–2029 (USD MILLION)
TABLE 376 REST OF SOUTH AMERICA: SMART GRID MARKET, BY OFFERING, 2021–2023 (USD MILLION)
TABLE 377 REST OF SOUTH AMERICA: SMART GRID MARKET, BY OFFERING, 2024–2029 (USD MILLION)
TABLE 378 REST OF SOUTH AMERICA: SMART GRID MARKET FOR SOFTWARE, BY TYPE, 2021–2023 (USD MILLION)
TABLE 379 REST OF SOUTH AMERICA: SMART GRID MARKET FOR SOFTWARE, BY TYPE, 2024–2029 (USD MILLION)
TABLE 380 REST OF SOUTH AMERICA: SMART GRID MARKET FOR HARDWARE, BY TYPE, 2021–2023 (USD MILLION)
TABLE 381 REST OF SOUTH AMERICA: SMART GRID MARKET FOR HARDWARE, BY TYPE, 2024–2029 (USD MILLION)
TABLE 382 REST OF SOUTH AMERICA: SMART GRID MARKET FOR SERVICES, BY TYPE, 2021–2023 (USD MILLION)
TABLE 383 REST OF SOUTH AMERICA: SMART GRID MARKET FOR SERVICES, BY TYPE, 2024–2029 (USD MILLION)
TABLE 384 KEY PLAYER STRATEGIES/RIGHT TO WIN, 2022–2024
TABLE 385 SMART GRID MARKET: DEGREE OF COMPETITION, 2023
TABLE 386 SMART GRID MARKET: OFFERING FOOTPRINT
TABLE 387 SMART GRID MARKET: END-USE APPLICATION FOOTPRINT
TABLE 388 SMART GRID MARKET: COMMUNICATION TECHNOLOGY FOOTPRINT
TABLE 389 SMART GRID MARKET: REGION FOOTPRINT
TABLE 390 SMART GRID MARKET: LIST OF KEY STARTUPS/SMES
TABLE 391 SMART GRID MARKET: COMPETITIVE BENCHMARKING OF KEY STARTUPS/SMES
TABLE 392 SMART GRID MARKET: PRODUCT LAUNCHES, OCTOBER 2022–JUNE 2024
TABLE 393 SMART GRID MARKET: DEALS, OCTOBER 2022–JUNE 2024
TABLE 394 SMART GRID MARKET: EXPANSIONS, OCTOBER 2022–JUNE 2024
TABLE 395 SMART GRID MARKET: OTHERS, OCTOBER 2022–JUNE 2024
TABLE 396 ABB: COMPANY OVERVIEW
TABLE 397 ABB: PRODUCTS/SERVICES/SOLUTIONS OFFERED
TABLE 398 ABB: DEALS
TABLE 399 ABB: OTHERS
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 SCHNEIDER ELECTRIC: COMPANY OVERVIEW
TABLE 406 SCHNEIDER ELECTRIC: PRODUCTS/SERVICES/SOLUTIONS OFFERED
TABLE 407 SCHNEIDER ELECTRIC: PRODUCT LAUNCHES
TABLE 408 SCHNEIDER ELECTRIC: OTHERS
TABLE 409 ITRON INC.: COMPANY OVERVIEW
TABLE 410 ITRON INC.: PRODUCTS/SERVICES/SOLUTIONS OFFERED
TABLE 411 ITRON INC.: PRODUCT LAUNCHES
TABLE 412 GE VERNOVA: COMPANY OVERVIEW
TABLE 413 GE VERNOVA: PRODUCTS/SERVICES/SOLUTIONS OFFERED
TABLE 414 GE VERNOVA: PRODUCT LAUNCHES
TABLE 415 GE VERNOVA: DEALS
TABLE 416 GE VERNOVA: OTHERS
TABLE 417 CISCO SYSTEM, INC.: COMPANY OVERVIEW
TABLE 418 CISCO SYSTEMS, INC.: PRODUCTS/SERVICES/SOLUTIONS OFFERED
TABLE 419 CISCO SYSTEM, INC.: PRODUCT LAUNCHES
TABLE 420 ORACLE: COMPANY OVERVIEW
TABLE 421 ORACLE: PRODUCTS/SERVICES/SOLUTIONS OFFERED
TABLE 422 ORACLE: PRODUCT LAUNCHES
TABLE 423 ORACLE: DEALS
TABLE 424 ORACLE: OTHERS
TABLE 425 HONEYWELL INTERNATIONAL INC.: COMPANY OVERVIEW
TABLE 426 HONEYWELL INTERNATIONAL INC.: PRODUCTS/SERVICES/SOLUTIONS OFFERED
TABLE 427 HONEYWELL INTERNATIONAL INC.: PRODUCT LAUNCHES
TABLE 428 HONEYWELL INTERNATIONAL INC.: DEALS
TABLE 429 EATON: COMPANY OVERVIEW
TABLE 430 EATON: PRODUCTS/SERVICES/SOLUTIONS OFFERED
TABLE 431 EATON: PRODUCT LAUNCHES
TABLE 432 TECH MAHINDRA LIMITED: COMPANY OVERVIEW
TABLE 433 TECH MAHINDRA LIMITED: PRODUCTS/SERVICES/SOLUTIONS OFFERED
TABLE 434 TANTALUS: COMPANY OVERVIEW
TABLE 435 TANTALUS: PRODUCTS/SERVICES/SOLUTIONS OFFERED
TABLE 436 TANTALUS: PRODUCT LAUNCHES
TABLE 437 TANTALUS: DEALS
TABLE 438 TANTALUS: OTHERS
TABLE 439 MITSUBISHI ELECTRIC CORPORATION: COMPANY OVERVIEW
TABLE 440 MITSUBISHI ELECTRIC CORPORATION: PRODUCTS/SERVICES/SOLUTIONS OFFERED
TABLE 441 MITSUBISHI ELECTRIC CORPORATION: DEALS
TABLE 442 WIPRO: COMPANY OVERVIEW
TABLE 443 WIPRO: PRODUCTS/SERVICES/SOLUTIONS OFFERED
TABLE 444 WIPRO: DEALS
TABLE 445 TRILLIANT HOLDINGS INC.: COMPANY OVERVIEW
TABLE 446 TRILLIANT HOLDINGS INC.: PRODUCTS/SERVICES/SOLUTIONS OFFERED
TABLE 447 TRILLIANT HOLDINGS INC.: DEALS
TABLE 448 KAMSTRUP: COMPANY OVERVIEW
TABLE 449 KAMSTRUP: PRODUCTS/SERVICES/SOLUTIONS OFFERED
TABLE 450 KAMSTRUP: OTHERS
TABLE 451 XYLEM: COMPANY OVERVIEW
TABLE 452 XYLEM: PRODUCTS/SERVICES/SOLUTIONS OFFERED
TABLE 453 XYLEM: PRODUCT LAUNCHES
TABLE 454 XYLEM: OTHERS
 
  
LIST OF FIGURES (66 FIGURE) 
 
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

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Report Code
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Published ON
Jun, 2024
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