
Smart grid is a type of electrical grid which includes a variety of operational and energy measures including smart meters, smart appliances, renewable energy resources, and energy efficient resources.
The global Smart Grid market was valued at US$ 34730 million in 2023 and is anticipated to reach US$ 114170 million by 2030, witnessing a CAGR of 18.2% during the forecast period 2024-2030.
North American market for Smart Grid is estimated to increase from $ million in 2023 to reach $ million by 2030, at a CAGR of % during the forecast period of 2024 through 2030.
Asia-Pacific market for Smart Grid is estimated to increase from $ million in 2023 to reach $ million by 2030, at a CAGR of % during the forecast period of 2024 through 2030.
The global market for Smart Grid in Automotive is estimated to increase from $ million in 2023 to $ million by 2030, at a CAGR of % during the forecast period of 2024 through 2030.
The major global companies of Smart Grid include ABB, Siemens, Cisco, Belden, Deutsche Telekom, Microchip Technology Inc., Itron, Fujitsu and GE, etc. In 2023, the world's top three vendors accounted for approximately % of the revenue.
This report aims to provide a comprehensive presentation of the global market for Smart Grid, 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 Smart Grid.
Report Scope
The Smart Grid market size, estimations, and forecasts are provided in terms of revenue ($ millions), considering 2023 as the base year, with history and forecast data for the period from 2019 to 2030. This report segments the global Smart Grid 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 Smart Grid companies, new entrants, and industry chain related companies in this market with information on the revenues, sales volume, and average price for the overall market and the sub-segments across the different segments, by company, by Type, by Application, and by regions.
Market Segmentation
By Company
ABB
Siemens
Cisco
Belden
Deutsche Telekom
Microchip Technology Inc.
Itron
Fujitsu
GE
Huawei
Schneider Electric
Landis+GYR
Aclara Technologies
Open Systems International
International Business Machines Corporation
Wipro Limited
Oracle Corporation
Segment by Type
Software
Hardware
Service
Segment by Application
Automotive
Oil & Gas
Mining
Manufacturing Industry
Building Automation
Other Application
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
Chapter Outline
Chapter 1: Introduces the report scope of the report, executive summary of different market segments (by Type, by 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 Smart Grid 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 main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 12: The main points and conclusions of the report.
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1 Report Overview
1.1 Study Scope
1.2 Market Analysis by Type
1.2.1 Global Smart Grid Market Size Growth Rate by Type: 2019 VS 2023 VS 2030
1.2.2 Software
1.2.3 Hardware
1.2.4 Service
1.3 Market by Application
1.3.1 Global Smart Grid Market Growth by Application: 2019 VS 2023 VS 2030
1.3.2 Automotive
1.3.3 Oil & Gas
1.3.4 Mining
1.3.5 Manufacturing Industry
1.3.6 Building Automation
1.3.7 Other Application
1.4 Study Objectives
1.5 Years Considered
1.6 Years Considered
2 Global Growth Trends
2.1 Global Smart Grid Market Perspective (2019-2030)
2.2 Smart Grid Growth Trends by Region
2.2.1 Global Smart Grid Market Size by Region: 2019 VS 2023 VS 2030
2.2.2 Smart Grid Historic Market Size by Region (2019-2024)
2.2.3 Smart Grid Forecasted Market Size by Region (2025-2030)
2.3 Smart Grid Market Dynamics
2.3.1 Smart Grid Industry Trends
2.3.2 Smart Grid Market Drivers
2.3.3 Smart Grid Market Challenges
2.3.4 Smart Grid Market Restraints
3 Competition Landscape by Key Players
3.1 Global Top Smart Grid Players by Revenue
3.1.1 Global Top Smart Grid Players by Revenue (2019-2024)
3.1.2 Global Smart Grid Revenue Market Share by Players (2019-2024)
3.2 Global Smart Grid Market Share by Company Type (Tier 1, Tier 2, and Tier 3)
3.3 Players Covered: Ranking by Smart Grid Revenue
3.4 Global Smart Grid Market Concentration Ratio
3.4.1 Global Smart Grid Market Concentration Ratio (CR5 and HHI)
3.4.2 Global Top 10 and Top 5 Companies by Smart Grid Revenue in 2023
3.5 Smart Grid Key Players Head office and Area Served
3.6 Key Players Smart Grid Product Solution and Service
3.7 Date of Enter into Smart Grid Market
3.8 Mergers & Acquisitions, Expansion Plans
4 Smart Grid Breakdown Data by Type
4.1 Global Smart Grid Historic Market Size by Type (2019-2024)
4.2 Global Smart Grid Forecasted Market Size by Type (2025-2030)
5 Smart Grid Breakdown Data by Application
5.1 Global Smart Grid Historic Market Size by Application (2019-2024)
5.2 Global Smart Grid Forecasted Market Size by Application (2025-2030)
6 North America
6.1 North America Smart Grid Market Size (2019-2030)
6.2 North America Smart Grid Market Growth Rate by Country: 2019 VS 2023 VS 2030
6.3 North America Smart Grid Market Size by Country (2019-2024)
6.4 North America Smart Grid Market Size by Country (2025-2030)
6.5 United States
6.6 Canada
7 Europe
7.1 Europe Smart Grid Market Size (2019-2030)
7.2 Europe Smart Grid Market Growth Rate by Country: 2019 VS 2023 VS 2030
7.3 Europe Smart Grid Market Size by Country (2019-2024)
7.4 Europe Smart Grid Market Size by Country (2025-2030)
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 Smart Grid Market Size (2019-2030)
8.2 Asia-Pacific Smart Grid Market Growth Rate by Region: 2019 VS 2023 VS 2030
8.3 Asia-Pacific Smart Grid Market Size by Region (2019-2024)
8.4 Asia-Pacific Smart Grid Market Size by Region (2025-2030)
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 Smart Grid Market Size (2019-2030)
9.2 Latin America Smart Grid Market Growth Rate by Country: 2019 VS 2023 VS 2030
9.3 Latin America Smart Grid Market Size by Country (2019-2024)
9.4 Latin America Smart Grid Market Size by Country (2025-2030)
9.5 Mexico
9.6 Brazil
10 Middle East & Africa
10.1 Middle East & Africa Smart Grid Market Size (2019-2030)
10.2 Middle East & Africa Smart Grid Market Growth Rate by Country: 2019 VS 2023 VS 2030
10.3 Middle East & Africa Smart Grid Market Size by Country (2019-2024)
10.4 Middle East & Africa Smart Grid Market Size by Country (2025-2030)
10.5 Turkey
10.6 Saudi Arabia
10.7 UAE
11 Key Players Profiles
11.1 ABB
11.1.1 ABB Company Detail
11.1.2 ABB Business Overview
11.1.3 ABB Smart Grid Introduction
11.1.4 ABB Revenue in Smart Grid Business (2019-2024)
11.1.5 ABB Recent Development
11.2 Siemens
11.2.1 Siemens Company Detail
11.2.2 Siemens Business Overview
11.2.3 Siemens Smart Grid Introduction
11.2.4 Siemens Revenue in Smart Grid Business (2019-2024)
11.2.5 Siemens Recent Development
11.3 Cisco
11.3.1 Cisco Company Detail
11.3.2 Cisco Business Overview
11.3.3 Cisco Smart Grid Introduction
11.3.4 Cisco Revenue in Smart Grid Business (2019-2024)
11.3.5 Cisco Recent Development
11.4 Belden
11.4.1 Belden Company Detail
11.4.2 Belden Business Overview
11.4.3 Belden Smart Grid Introduction
11.4.4 Belden Revenue in Smart Grid Business (2019-2024)
11.4.5 Belden Recent Development
11.5 Deutsche Telekom
11.5.1 Deutsche Telekom Company Detail
11.5.2 Deutsche Telekom Business Overview
11.5.3 Deutsche Telekom Smart Grid Introduction
11.5.4 Deutsche Telekom Revenue in Smart Grid Business (2019-2024)
11.5.5 Deutsche Telekom Recent Development
11.6 Microchip Technology Inc.
11.6.1 Microchip Technology Inc. Company Detail
11.6.2 Microchip Technology Inc. Business Overview
11.6.3 Microchip Technology Inc. Smart Grid Introduction
11.6.4 Microchip Technology Inc. Revenue in Smart Grid Business (2019-2024)
11.6.5 Microchip Technology Inc. Recent Development
11.7 Itron
11.7.1 Itron Company Detail
11.7.2 Itron Business Overview
11.7.3 Itron Smart Grid Introduction
11.7.4 Itron Revenue in Smart Grid Business (2019-2024)
11.7.5 Itron Recent Development
11.8 Fujitsu
11.8.1 Fujitsu Company Detail
11.8.2 Fujitsu Business Overview
11.8.3 Fujitsu Smart Grid Introduction
11.8.4 Fujitsu Revenue in Smart Grid Business (2019-2024)
11.8.5 Fujitsu Recent Development
11.9 GE
11.9.1 GE Company Detail
11.9.2 GE Business Overview
11.9.3 GE Smart Grid Introduction
11.9.4 GE Revenue in Smart Grid Business (2019-2024)
11.9.5 GE Recent Development
11.10 Huawei
11.10.1 Huawei Company Detail
11.10.2 Huawei Business Overview
11.10.3 Huawei Smart Grid Introduction
11.10.4 Huawei Revenue in Smart Grid Business (2019-2024)
11.10.5 Huawei Recent Development
11.11 Schneider Electric
11.11.1 Schneider Electric Company Detail
11.11.2 Schneider Electric Business Overview
11.11.3 Schneider Electric Smart Grid Introduction
11.11.4 Schneider Electric Revenue in Smart Grid Business (2019-2024)
11.11.5 Schneider Electric Recent Development
11.12 Landis+GYR
11.12.1 Landis+GYR Company Detail
11.12.2 Landis+GYR Business Overview
11.12.3 Landis+GYR Smart Grid Introduction
11.12.4 Landis+GYR Revenue in Smart Grid Business (2019-2024)
11.12.5 Landis+GYR Recent Development
11.13 Aclara Technologies
11.13.1 Aclara Technologies Company Detail
11.13.2 Aclara Technologies Business Overview
11.13.3 Aclara Technologies Smart Grid Introduction
11.13.4 Aclara Technologies Revenue in Smart Grid Business (2019-2024)
11.13.5 Aclara Technologies Recent Development
11.14 Open Systems International
11.14.1 Open Systems International Company Detail
11.14.2 Open Systems International Business Overview
11.14.3 Open Systems International Smart Grid Introduction
11.14.4 Open Systems International Revenue in Smart Grid Business (2019-2024)
11.14.5 Open Systems International Recent Development
11.15 International Business Machines Corporation
11.15.1 International Business Machines Corporation Company Detail
11.15.2 International Business Machines Corporation Business Overview
11.15.3 International Business Machines Corporation Smart Grid Introduction
11.15.4 International Business Machines Corporation Revenue in Smart Grid Business (2019-2024)
11.15.5 International Business Machines Corporation Recent Development
11.16 Wipro Limited
11.16.1 Wipro Limited Company Detail
11.16.2 Wipro Limited Business Overview
11.16.3 Wipro Limited Smart Grid Introduction
11.16.4 Wipro Limited Revenue in Smart Grid Business (2019-2024)
11.16.5 Wipro Limited Recent Development
11.17 Oracle Corporation
11.17.1 Oracle Corporation Company Detail
11.17.2 Oracle Corporation Business Overview
11.17.3 Oracle Corporation Smart Grid Introduction
11.17.4 Oracle Corporation Revenue in Smart Grid Business (2019-2024)
11.17.5 Oracle Corporation 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
ABB
Siemens
Cisco
Belden
Deutsche Telekom
Microchip Technology Inc.
Itron
Fujitsu
GE
Huawei
Schneider Electric
Landis+GYR
Aclara Technologies
Open Systems International
International Business Machines Corporation
Wipro Limited
Oracle Corporation
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*If Applicable.
