Smart Grid Market Size, Share, and Trends Analysis Report

CAGR :  Diagram

Market Size 2023 (Base Year) USD 67.24 Billion
Market Size 2032 (Forecast Year) USD 180.56 Billion
CAGR 11.6%
Forecast Period 2024 - 2032
Historical Period 2018 - 2023

Smart Grid Market Insights

As per the published report by Market Research Store, the Global Smart Grid Market size was estimated at USD 67.24 Billion in 2023 and is anticipated to reach reach USD 180.56 Billion by 2032, growing at a projected CAGR of 11.6% during the forecast period 2024-2032. The report provides a detailed analysis of the global Smart Grid Market, including market trends, market dynamics, and market opportunities during the forecast period (2024-2032). It delves deeper into several market facets, such as market definition, size, growth, forecast, segmentation, competitive analysis, growth drivers, restraints, financial analysis, SWOT analysis, PORTER’s five force analysis, PESTEL analysis, market share analysis, cost-benefit analysis, challenges, restraints, strategic recommendations, and market players.

Smart Grid Market Size

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The report covers forecast and analysis for the smart grid market on a global and regional level. The study provides historic data of 2014 along with a forecast from 2015 to 2020 based on revenue (USD billion). The study includes drivers and restraints for the smart grid market along with the impact they have on the demand over the forecast period. Additionally, the report includes the study of opportunities available in the smart grid market on a global level.

In order to give the users of this report a comprehensive view on the smart grid, we have included a detailed competitive scenario and product portfolio of key vendors. To understand the competitive landscape in the market, an analysis of Porter’s Five Forces model for the smart grid market has also been included. The study encompasses a market attractiveness analysis, wherein technology segments are benchmarked based on their market size, growth rate and general attractiveness.

Smart Grid Market: Report Scope

Report Attributes Report Details
Report Name Smart Grid Market
Market Size in 2023 USD 67.24 Billion
Market Forecast in 2032 USD 180.56 Billion
Growth Rate CAGR of 11.6%
Number of Pages 110
Key Companies Covered Aclara, Alstom, Comverge, eMeter, GridPoint, Inc., Landis+Gyr, Schneider Electric, Schweitzer Engineering Laboratories, Inc. (SEL), Sensus, and Siemens
Segments Covered By Technology, By, And By Region
Regions Covered North America, Europe, Asia Pacific (APAC), Latin America, Middle East, and Africa (MEA)
Base Year 2023
Historical Year 2018 to 2023
Forecast Year 2024 to 2032
Customization Scope Avail customized purchase options to meet your exact research needs. Request For Customization

The study provides a decisive view on the smart grid market by segmenting the market based on technologies. All the technology segments have been analyzed based on present and future trends and the market is estimated from 2014 to 2020. Key technology segments covered under this study include advanced metering infrastructure, distribution automation, software and hardware, communication technologies, transmission upgrades, cyber security. The regional segmentation includes the current and forecast demand for North America, Europe, Asia Pacific, Latin America and Middle East and Africa with its further bifurcation into major countries including U.S. Germany, France, UK, China, Japan, India and Brazil. This segmentation includes demand for smart grid based on individual technologies in all the regions and countries.

The report also includes detailed profiles of end players such as

  • Aclara
  • Alstom
  • Comverge
  • eMeter
  • GridPoint, Inc.
  • Landis+Gyr
  • Schneider Electric
  • Schweitzer Engineering Laboratories, Inc. (SEL)
  • Sensus
  • Siemens

The detailed description of players includes parameters such as company overview, financial overview, business strategies and recent developments of the company.

The report segments the global smart grid market as:

By Components

  • Hardware
  • Software
  • Services

By Technology

  • Wired
  • Wireless

By End-User

  • Residential
  • Corporate
  • Government

Smart Grid Market: Regional Segment Analysis

  • North America
    • U.S.
  • Europe
    • Germany
    • UK
    • France
  • Asia Pacific
    • China
    • Japan
    • India
  • Latin America
    • Brazil
  • Middle East and Africa

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Table Of Content

  • Chapter 1. Preface
    • 1.1. Report description and scope
    • 1.2. Research scope
    • 1.3. Research methodology
      • 1.3.1. Market research process
      • 1.3.2. Market research methodology
  • Chapter 2. Executive Summary
    • 2.1. Global smart grid market, 2014 - 2020, (USD Billion)
    • 2.2. Smart grid: Market snapshot
  • Chapter 3. Smart grid Market: Industry Analysis
    • 3.1. Smart grid: Market dynamics
    • 3.2. Market Drivers
      • 3.2.1. Transmission and distribution losses
      • 3.2.2. Government initiatives and regulations
      • 3.2.3. Increasing investments
      • 3.2.4. Advancing technology
    • 3.3. Restraints
      • 3.3.1. High cost of installation
      • 3.3.2. Stringent standards and lack of interoperability
    • 3.4. Opportunity
      • 3.4.1. Pre-payment of electricity
    • 3.5. Porter’s Five Forces Analysis
    • 3.6. Market Attractiveness Analysis
      • 3.6.1. Market attractiveness analysis by technology segment
      • 3.6.2. Market attractiveness analysis by regional segment
  • Chapter 4. Global Smart Grid Market: Competitive Landscape
    • 4.1. Company market share analysis, 2014
    • 4.2. Price trend analysis
  • Chapter 5. Global Smart Grid Market: Technology Analysis
    • 5.1. Global smart grid market share, by technology, 2014 & 2020
      • 5.1.1. Global advanced metering infrastructure for smart grid market, 2014 – 2020 (USD Billion)
      • 5.1.2. Global distribution automation for smart grid market, 2014 – 2020 (USD Billion)
      • 5.1.3. Global software and hardware for smart grid market, 2014 – 2020 (USD Billion)
      • 5.1.4. Global communication technologies for smart grid market, 2014 – 2020 (USD Billion)
      • 5.1.5. Global transmission upgrades for smart grid market, 2014 – 2020 (USD Billion)
      • 5.1.6. Global cyber security for smart grid market, 2014 – 2020 (USD Billion)
  • Chapter 6. Smart Grid Market: Regional Analysis
    • 6.1. Global smart grid market: Regional overview
      • 6.1.1. Global smart grid market share, by region, 2014 and 2020
    • 6.2. North America
      • 6.2.1. North America smart grid market revenue, by technology, 2014 – 2020 (USD Billion)
      • 6.2.2. U.S.
        • 6.2.2.1. U.S. smart grid market revenue, by technology, 2014 – 2020 (USD Billion)
    • 6.3. Europe
      • 6.3.1. Europe smart grid market revenue, by technology, 2014 – 2020 (USD Billion)
      • 6.3.2. Germany
        • 6.3.2.1. Germany smart grid market revenue, by technology, 2014 – 2020 (USD Billion)
      • 6.3.3. UK
        • 6.3.3.1. UK smart grid market revenue, by technology, 2014 – 2020 (USD Billion)
      • 6.3.4. France
        • 6.3.4.1. France smart grid market revenue, by technology, 2014 – 2020 (USD Billion)
    • 6.4. Asia Pacific
      • 6.4.1. Asia-Pacific smart grid market revenue, by technology, 2014 – 2020 (USD Billion)
      • 6.4.2. China
        • 6.4.2.1. China smart grid market revenue, by technology, 2014 – 2020 (USD Billion)
      • 6.4.3. Japan
        • 6.4.3.1. Japan smart grid market revenue, by technology, 2014 – 2020 (USD Billion)
      • 6.4.4. India
        • 6.4.4.1. India smart grid market revenue, by technology, 2014 – 2020 (USD Billion)
    • 6.5. Latin America
      • 6.5.1. Latin America smart grid market revenue, by technology, 2014 – 2020 (USD Billion)
      • 6.5.2. Brazil
        • 6.5.2.1. Brazil smart grid market revenue, by technology, 2014 – 2020 (USD Billion)
    • 6.6. Middle East & Africa
      • 6.6.1. Middle East & Africa smart grid market revenue, by technology, 2014 – 2020 (USD Billion)
  • Chapter 7. Company Profiles
    • 7.1. Aclara
      • 7.1.1. Overview
      • 7.1.2. Financials
      • 7.1.3. Product portfolio
      • 7.1.4. Business strategy
      • 7.1.5. Recent developments
    • 7.2. Alstom
      • 7.2.1. Overview
      • 7.2.2. Financials
      • 7.2.3. Product portfolio
      • 7.2.4. Business strategy
      • 7.2.5. Recent developments
    • 7.3. Comverge
      • 7.3.1. Overview
      • 7.3.2. Financials
      • 7.3.3. Product portfolio
      • 7.3.4. Business strategy
      • 7.3.5. Recent developments
    • 7.4. eMeter
      • 7.4.1. Overview
      • 7.4.2. Financials
      • 7.4.3. Product portfolio
      • 7.4.4. Business strategy
      • 7.4.5. Recent developments
    • 7.5. GridPoint Inc
      • 7.5.1. Overview
      • 7.5.2. Financials
      • 7.5.3. Product portfolio
      • 7.5.4. Business strategy
      • 7.5.5. Recent developments
    • 7.6. Landis+Gyr
      • 7.6.1. Overview
      • 7.6.2. Financials
      • 7.6.3. Product portfolio
      • 7.6.4. Business strategy
      • 7.6.5. Recent developments
    • 7.7. Schweitzer Engineering Laboratories Inc. (SEL)
      • 7.7.1. Overview
      • 7.7.2. Financials
      • 7.7.3. Product portfolio
      • 7.7.4. Business strategy
      • 7.7.5. Recent developments
    • 7.8. Sensus
      • 7.8.1. Overview
      • 7.8.2. Financials
      • 7.8.3. Product portfolio
      • 7.8.4. Business strategy
      • 7.8.5. Recent developments
    • 7.9. Siemens
      • 7.9.1. Overview
      • 7.9.2. Financials
      • 7.9.3. Product portfolio
      • 7.9.4. Business strategy
      • 7.9.5. Recent developments

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