
In addition to providing the necessary electrical infrastructure for all kinds of power plants (conventional, wind, solar), grid services ensure that the power generated reaches subs.
The global Power Grid Services market was valued at US$ million in 2022 and is anticipated to reach US$ million by 2029, witnessing a CAGR of % during the forecast period 2023-2029. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
North American market for Power Grid Services is estimated to increase from $ million in 2023 to reach $ million by 2029, at a CAGR of % during the forecast period of 2023 through 2029.
Asia-Pacific market for Power Grid Services is estimated to increase from $ million in 2023 to reach $ million by 2029, at a CAGR of % during the forecast period of 2023 through 2029.
The global market for Power Grid Services in Industrial Electricity is estimated to increase from $ million in 2023 to $ million by 2029, at a CAGR of % during the forecast period of 2023 through 2029.
The key global companies of Power Grid Services include Siemens AG, ABB Ltd, Aker Solutions ASA, Bandak Group AS, Cameron International Corp, Dril-Quip Inc., Expro International Group Holdings Limited, FMC Technologies Inc. and General Electric Co., etc. In 2022, the world's top three vendors accounted for approximately % of the revenue.
Report Scope
This report aims to provide a comprehensive presentation of the global market for Power Grid Services, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Power Grid Services.
The Power Grid Services market size, estimations, and forecasts are provided in terms of and revenue ($ millions), considering 2022 as the base year, with history and forecast data for the period from 2018 to 2029. This report segments the global Power Grid Services market comprehensively. Regional market sizes, concerning products by type, by application, and by players, are also provided.
For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.
The report will help the Power Grid Services companies, new entrants, and industry chain related companies in this market with information on the revenues for the overall market and the sub-segments across the different segments, by company, by type, by application, and by regions.
By Company
Siemens AG
ABB Ltd
Aker Solutions ASA
Bandak Group AS
Cameron International Corp
Dril-Quip Inc.
Expro International Group Holdings Limited
FMC Technologies Inc.
General Electric Co.
JDR Cable Systems (Holdings) Ltd
Nexans SA
Norddeutsche Seekabelwerke Gmbh (NSW)
Oceaneering International Inc.
Parker Hannifin Corporation
Prysmian Group
Schlumberger Limited
SIEM Offshore Contractors
Technip SA
Segment by Type
Reactive Power Compensation
Voltage Regulation
Flicker Control
Active Power Filtering
Harmonic Cancellation
Segment by Application
Industrial Electricity
Residential Electricity
By Region
North America
United States
Canada
Europe
Germany
France
UK
Italy
Russia
Nordic Countries
Rest of Europe
Asia-Pacific
China
Japan
South Korea
Southeast Asia
India
Australia
Rest of Asia
Latin America
Mexico
Brazil
Rest of Latin America
Middle East & Africa
Turkey
Saudi Arabia
UAE
Rest of MEA
Core Chapters
Chapter 1: Introduces the report scope of the report, executive summary of different market segments (by type, application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter 2: Introduces executive summary of global market size, regional market size, this section also introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by companies in the industry, and the analysis of relevant policies in the industry.
Chapter 3: Detailed analysis of Power Grid Services companies’ competitive landscape, revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: Provides the analysis of various market segments by type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 5: Provides the analysis of various market segments by application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 6, 7, 8, 9, 10: North America, Europe, Asia Pacific, Latin America, Middle East and Africa segment by country. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and capacity of each country in the world.
Chapter 11: Provides profiles of key players, introducing the basic situation of the key companies in the market in detail, including product revenue, gross margin, product introduction, recent development, etc.
Chapter 12: The main points and conclusions of the report.
Please Note - This is an on demand report and will be delivered in 2 business days (48 hours) post payment.
1 Report Overview
1.1 Study Scope
1.2 Market Analysis by Type
1.2.1 Global Power Grid Services Market Size Growth Rate by Type: 2018 VS 2022 VS 2029
1.2.2 Reactive Power Compensation
1.2.3 Voltage Regulation
1.2.4 Flicker Control
1.2.5 Active Power Filtering
1.2.6 Harmonic Cancellation
1.3 Market by Application
1.3.1 Global Power Grid Services Market Growth by Application: 2018 VS 2022 VS 2029
1.3.2 Industrial Electricity
1.3.3 Residential Electricity
1.4 Study Objectives
1.5 Years Considered
1.6 Years Considered
2 Global Growth Trends
2.1 Global Power Grid Services Market Perspective (2018-2029)
2.2 Power Grid Services Growth Trends by Region
2.2.1 Global Power Grid Services Market Size by Region: 2018 VS 2022 VS 2029
2.2.2 Power Grid Services Historic Market Size by Region (2018-2023)
2.2.3 Power Grid Services Forecasted Market Size by Region (2024-2029)
2.3 Power Grid Services Market Dynamics
2.3.1 Power Grid Services Industry Trends
2.3.2 Power Grid Services Market Drivers
2.3.3 Power Grid Services Market Challenges
2.3.4 Power Grid Services Market Restraints
3 Competition Landscape by Key Players
3.1 Global Top Power Grid Services Players by Revenue
3.1.1 Global Top Power Grid Services Players by Revenue (2018-2023)
3.1.2 Global Power Grid Services Revenue Market Share by Players (2018-2023)
3.2 Global Power Grid Services Market Share by Company Type (Tier 1, Tier 2, and Tier 3)
3.3 Players Covered: Ranking by Power Grid Services Revenue
3.4 Global Power Grid Services Market Concentration Ratio
3.4.1 Global Power Grid Services Market Concentration Ratio (CR5 and HHI)
3.4.2 Global Top 10 and Top 5 Companies by Power Grid Services Revenue in 2022
3.5 Power Grid Services Key Players Head office and Area Served
3.6 Key Players Power Grid Services Product Solution and Service
3.7 Date of Enter into Power Grid Services Market
3.8 Mergers & Acquisitions, Expansion Plans
4 Power Grid Services Breakdown Data by Type
4.1 Global Power Grid Services Historic Market Size by Type (2018-2023)
4.2 Global Power Grid Services Forecasted Market Size by Type (2024-2029)
5 Power Grid Services Breakdown Data by Application
5.1 Global Power Grid Services Historic Market Size by Application (2018-2023)
5.2 Global Power Grid Services Forecasted Market Size by Application (2024-2029)
6 North America
6.1 North America Power Grid Services Market Size (2018-2029)
6.2 North America Power Grid Services Market Growth Rate by Country: 2018 VS 2022 VS 2029
6.3 North America Power Grid Services Market Size by Country (2018-2023)
6.4 North America Power Grid Services Market Size by Country (2024-2029)
6.5 United States
6.6 Canada
7 Europe
7.1 Europe Power Grid Services Market Size (2018-2029)
7.2 Europe Power Grid Services Market Growth Rate by Country: 2018 VS 2022 VS 2029
7.3 Europe Power Grid Services Market Size by Country (2018-2023)
7.4 Europe Power Grid Services Market Size by Country (2024-2029)
7.5 Germany
7.6 France
7.7 U.K.
7.8 Italy
7.9 Russia
7.10 Nordic Countries
8 Asia-Pacific
8.1 Asia-Pacific Power Grid Services Market Size (2018-2029)
8.2 Asia-Pacific Power Grid Services Market Growth Rate by Region: 2018 VS 2022 VS 2029
8.3 Asia-Pacific Power Grid Services Market Size by Region (2018-2023)
8.4 Asia-Pacific Power Grid Services Market Size by Region (2024-2029)
8.5 China
8.6 Japan
8.7 South Korea
8.8 Southeast Asia
8.9 India
8.10 Australia
9 Latin America
9.1 Latin America Power Grid Services Market Size (2018-2029)
9.2 Latin America Power Grid Services Market Growth Rate by Country: 2018 VS 2022 VS 2029
9.3 Latin America Power Grid Services Market Size by Country (2018-2023)
9.4 Latin America Power Grid Services Market Size by Country (2024-2029)
9.5 Mexico
9.6 Brazil
10 Middle East & Africa
10.1 Middle East & Africa Power Grid Services Market Size (2018-2029)
10.2 Middle East & Africa Power Grid Services Market Growth Rate by Country: 2018 VS 2022 VS 2029
10.3 Middle East & Africa Power Grid Services Market Size by Country (2018-2023)
10.4 Middle East & Africa Power Grid Services Market Size by Country (2024-2029)
10.5 Turkey
10.6 Saudi Arabia
10.7 UAE
11 Key Players Profiles
11.1 Siemens AG
11.1.1 Siemens AG Company Detail
11.1.2 Siemens AG Business Overview
11.1.3 Siemens AG Power Grid Services Introduction
11.1.4 Siemens AG Revenue in Power Grid Services Business (2018-2023)
11.1.5 Siemens AG Recent Development
11.2 ABB Ltd
11.2.1 ABB Ltd Company Detail
11.2.2 ABB Ltd Business Overview
11.2.3 ABB Ltd Power Grid Services Introduction
11.2.4 ABB Ltd Revenue in Power Grid Services Business (2018-2023)
11.2.5 ABB Ltd Recent Development
11.3 Aker Solutions ASA
11.3.1 Aker Solutions ASA Company Detail
11.3.2 Aker Solutions ASA Business Overview
11.3.3 Aker Solutions ASA Power Grid Services Introduction
11.3.4 Aker Solutions ASA Revenue in Power Grid Services Business (2018-2023)
11.3.5 Aker Solutions ASA Recent Development
11.4 Bandak Group AS
11.4.1 Bandak Group AS Company Detail
11.4.2 Bandak Group AS Business Overview
11.4.3 Bandak Group AS Power Grid Services Introduction
11.4.4 Bandak Group AS Revenue in Power Grid Services Business (2018-2023)
11.4.5 Bandak Group AS Recent Development
11.5 Cameron International Corp
11.5.1 Cameron International Corp Company Detail
11.5.2 Cameron International Corp Business Overview
11.5.3 Cameron International Corp Power Grid Services Introduction
11.5.4 Cameron International Corp Revenue in Power Grid Services Business (2018-2023)
11.5.5 Cameron International Corp Recent Development
11.6 Dril-Quip Inc.
11.6.1 Dril-Quip Inc. Company Detail
11.6.2 Dril-Quip Inc. Business Overview
11.6.3 Dril-Quip Inc. Power Grid Services Introduction
11.6.4 Dril-Quip Inc. Revenue in Power Grid Services Business (2018-2023)
11.6.5 Dril-Quip Inc. Recent Development
11.7 Expro International Group Holdings Limited
11.7.1 Expro International Group Holdings Limited Company Detail
11.7.2 Expro International Group Holdings Limited Business Overview
11.7.3 Expro International Group Holdings Limited Power Grid Services Introduction
11.7.4 Expro International Group Holdings Limited Revenue in Power Grid Services Business (2018-2023)
11.7.5 Expro International Group Holdings Limited Recent Development
11.8 FMC Technologies Inc.
11.8.1 FMC Technologies Inc. Company Detail
11.8.2 FMC Technologies Inc. Business Overview
11.8.3 FMC Technologies Inc. Power Grid Services Introduction
11.8.4 FMC Technologies Inc. Revenue in Power Grid Services Business (2018-2023)
11.8.5 FMC Technologies Inc. Recent Development
11.9 General Electric Co.
11.9.1 General Electric Co. Company Detail
11.9.2 General Electric Co. Business Overview
11.9.3 General Electric Co. Power Grid Services Introduction
11.9.4 General Electric Co. Revenue in Power Grid Services Business (2018-2023)
11.9.5 General Electric Co. Recent Development
11.10 JDR Cable Systems (Holdings) Ltd
11.10.1 JDR Cable Systems (Holdings) Ltd Company Detail
11.10.2 JDR Cable Systems (Holdings) Ltd Business Overview
11.10.3 JDR Cable Systems (Holdings) Ltd Power Grid Services Introduction
11.10.4 JDR Cable Systems (Holdings) Ltd Revenue in Power Grid Services Business (2018-2023)
11.10.5 JDR Cable Systems (Holdings) Ltd Recent Development
11.11 Nexans SA
11.11.1 Nexans SA Company Detail
11.11.2 Nexans SA Business Overview
11.11.3 Nexans SA Power Grid Services Introduction
11.11.4 Nexans SA Revenue in Power Grid Services Business (2018-2023)
11.11.5 Nexans SA Recent Development
11.12 Norddeutsche Seekabelwerke Gmbh (NSW)
11.12.1 Norddeutsche Seekabelwerke Gmbh (NSW) Company Detail
11.12.2 Norddeutsche Seekabelwerke Gmbh (NSW) Business Overview
11.12.3 Norddeutsche Seekabelwerke Gmbh (NSW) Power Grid Services Introduction
11.12.4 Norddeutsche Seekabelwerke Gmbh (NSW) Revenue in Power Grid Services Business (2018-2023)
11.12.5 Norddeutsche Seekabelwerke Gmbh (NSW) Recent Development
11.13 Oceaneering International Inc.
11.13.1 Oceaneering International Inc. Company Detail
11.13.2 Oceaneering International Inc. Business Overview
11.13.3 Oceaneering International Inc. Power Grid Services Introduction
11.13.4 Oceaneering International Inc. Revenue in Power Grid Services Business (2018-2023)
11.13.5 Oceaneering International Inc. Recent Development
11.14 Parker Hannifin Corporation
11.14.1 Parker Hannifin Corporation Company Detail
11.14.2 Parker Hannifin Corporation Business Overview
11.14.3 Parker Hannifin Corporation Power Grid Services Introduction
11.14.4 Parker Hannifin Corporation Revenue in Power Grid Services Business (2018-2023)
11.14.5 Parker Hannifin Corporation Recent Development
11.15 Prysmian Group
11.15.1 Prysmian Group Company Detail
11.15.2 Prysmian Group Business Overview
11.15.3 Prysmian Group Power Grid Services Introduction
11.15.4 Prysmian Group Revenue in Power Grid Services Business (2018-2023)
11.15.5 Prysmian Group Recent Development
11.16 Schlumberger Limited
11.16.1 Schlumberger Limited Company Detail
11.16.2 Schlumberger Limited Business Overview
11.16.3 Schlumberger Limited Power Grid Services Introduction
11.16.4 Schlumberger Limited Revenue in Power Grid Services Business (2018-2023)
11.16.5 Schlumberger Limited Recent Development
11.17 SIEM Offshore Contractors
11.17.1 SIEM Offshore Contractors Company Detail
11.17.2 SIEM Offshore Contractors Business Overview
11.17.3 SIEM Offshore Contractors Power Grid Services Introduction
11.17.4 SIEM Offshore Contractors Revenue in Power Grid Services Business (2018-2023)
11.17.5 SIEM Offshore Contractors Recent Development
11.18 Technip SA
11.18.1 Technip SA Company Detail
11.18.2 Technip SA Business Overview
11.18.3 Technip SA Power Grid Services Introduction
11.18.4 Technip SA Revenue in Power Grid Services Business (2018-2023)
11.18.5 Technip SA Recent Development
12 Analyst's Viewpoints/Conclusions
13 Appendix
13.1 Research Methodology
13.1.1 Methodology/Research Approach
13.1.2 Data Source
13.2 Disclaimer
13.3 Author Details
Siemens AG
ABB Ltd
Aker Solutions ASA
Bandak Group AS
Cameron International Corp
Dril-Quip Inc.
Expro International Group Holdings Limited
FMC Technologies Inc.
General Electric Co.
JDR Cable Systems (Holdings) Ltd
Nexans SA
Norddeutsche Seekabelwerke Gmbh (NSW)
Oceaneering International Inc.
Parker Hannifin Corporation
Prysmian Group
Schlumberger Limited
SIEM Offshore Contractors
Technip SA
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*If Applicable.
