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Smart Grid - Global Market Trajectory & Analytics

  • ID: 1227807
  • Report
  • April 2021
  • Region: Global
  • Global Industry Analysts, Inc

FEATURED COMPANIES

  • ABB Ltd.
  • Cisco Systems, Inc.
  • eSmart Systems
  • Grid4C
  • Kamstrup A/S
  • S&C Electric Company
  • MORE
Global Smart Grid Market to Reach $106 Billion by 2027

Amid the COVID-19 crisis, the global market for Smart Grid estimated at US$28.2 Billion in the year 2020, is projected to reach a revised size of US$106 Billion by 2027, growing at a CAGR of 20.8% over the period 2020-2027. Software, one of the segments analyzed in the report, is projected to record 21.7% CAGR and reach US$69.4 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Hardware segment is readjusted to a revised 19.3% CAGR for the next 7-year period.



The U.S. Market is Estimated at $8.4 Billion, While China is Forecast to Grow at 20% CAGR

The Smart Grid market in the U.S. is estimated at US$8.4 Billion in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$18.1 Billion by the year 2027 trailing a CAGR of 20% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 18.6% and 18% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 15.3% CAGR.

Select Competitors (Total 266 Featured):
  • ABB Ltd.
  • Aclara Technologies LLC
  • C3.ai, Inc.
  • Cisco Systems, Inc.
  • Eaton Corporation PLC
  • Enel X S.r.l.
  • eSmart Systems
  • Esyasoft Technologies Pvt Ltd.
  • General Electric Company
  • Globema Sp. z o.o.
  • Grid4C
  • Honeywell International, Inc.
  • IBM Corporation
  • Itron, Inc.
  • Kamstrup A/S
  • Landis+Gyr AG
  • Open Systems International, Inc.(OSI)
  • Oracle Corporation
  • S&C Electric Company
  • Schneider Electric SA
  • Siemens AG
  • Tantalus Systems, Inc.
  • Tech Mahindra Ltd.
  • Trilliant, Inc.
  • Wipro Ltd.
Note: Product cover images may vary from those shown

FEATURED COMPANIES

  • ABB Ltd.
  • Cisco Systems, Inc.
  • eSmart Systems
  • Grid4C
  • Kamstrup A/S
  • S&C Electric Company
  • MORE
I. METHODOLOGY

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW
  • Influencer Market Insights
  • World Market Trajectories
  • Impact of Covid-19 and a Looming Global Recession
2. FOCUS ON SELECT PLAYERS

3. MARKET TRENDS & DRIVERS

4. GLOBAL MARKET PERSPECTIVE
  • Table 1: World Current & Future Analysis for Smart Grid by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2020 through 2027 and % CAGR
  • Table 2: World 7-Year Perspective for Smart Grid by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets for Years 2020 & 2027
  • Table 3: World Current & Future Analysis for Software by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2020 through 2027 and % CAGR
  • Table 4: World 7-Year Perspective for Software by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2020 & 2027
  • Table 5: World Current & Future Analysis for Hardware by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2020 through 2027 and % CAGR
  • Table 6: World 7-Year Perspective for Hardware by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2020 & 2027
  • Table 7: World Current & Future Analysis for Consulting by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2020 through 2027 and % CAGR
  • Table 8: World 7-Year Perspective for Consulting by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2020 & 2027
  • Table 9: World Current & Future Analysis for Deployment & Integration by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2020 through 2027 and % CAGR
  • Table 10: World 7-Year Perspective for Deployment & Integration by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2020 & 2027
  • Table 11: World Current & Future Analysis for Support & Maintenance by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2020 through 2027 and % CAGR
  • Table 12: World 7-Year Perspective for Support & Maintenance by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2020 & 2027
III. MARKET ANALYSIS
  • UNITED STATES
  • Table 13: USA Current & Future Analysis for Smart Grid by Type - Software and Hardware - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
  • Table 14: USA 7-Year Perspective for Smart Grid by Type - Percentage Breakdown of Value Sales for Software and Hardware for the Years 2020 & 2027
  • Table 15: USA Current & Future Analysis for Smart Grid by Service - Consulting, Deployment & Integration and Support & Maintenance - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
  • Table 16: USA 7-Year Perspective for Smart Grid by Service - Percentage Breakdown of Value Sales for Consulting, Deployment & Integration and Support & Maintenance for the Years 2020 & 2027
  • CANADA
  • Table 17: Canada Current & Future Analysis for Smart Grid by Type - Software and Hardware - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
  • Table 18: Canada 7-Year Perspective for Smart Grid by Type - Percentage Breakdown of Value Sales for Software and Hardware for the Years 2020 & 2027
  • Table 19: Canada Current & Future Analysis for Smart Grid by Service - Consulting, Deployment & Integration and Support & Maintenance - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
  • Table 20: Canada 7-Year Perspective for Smart Grid by Service - Percentage Breakdown of Value Sales for Consulting, Deployment & Integration and Support & Maintenance for the Years 2020 & 2027
  • JAPAN
  • Table 21: Japan Current & Future Analysis for Smart Grid by Type - Software and Hardware - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
  • Table 22: Japan 7-Year Perspective for Smart Grid by Type - Percentage Breakdown of Value Sales for Software and Hardware for the Years 2020 & 2027
  • Table 23: Japan Current & Future Analysis for Smart Grid by Service - Consulting, Deployment & Integration and Support & Maintenance - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
  • Table 24: Japan 7-Year Perspective for Smart Grid by Service - Percentage Breakdown of Value Sales for Consulting, Deployment & Integration and Support & Maintenance for the Years 2020 & 2027
  • CHINA
  • Table 25: China Current & Future Analysis for Smart Grid by Type - Software and Hardware - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
  • Table 26: China 7-Year Perspective for Smart Grid by Type - Percentage Breakdown of Value Sales for Software and Hardware for the Years 2020 & 2027
  • Table 27: China Current & Future Analysis for Smart Grid by Service - Consulting, Deployment & Integration and Support & Maintenance - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
  • Table 28: China 7-Year Perspective for Smart Grid by Service - Percentage Breakdown of Value Sales for Consulting, Deployment & Integration and Support & Maintenance for the Years 2020 & 2027
  • EUROPE
  • Table 29: Europe Current & Future Analysis for Smart Grid by Geographic Region - France, Germany, Italy, UK and Rest of Europe Markets - Independent Analysis of Annual Sales in US$ Million for Years 2020 through 2027 and % CAGR
  • Table 30: Europe 7-Year Perspective for Smart Grid by Geographic Region - Percentage Breakdown of Value Sales for France, Germany, Italy, UK and Rest of Europe Markets for Years 2020 & 2027
  • Table 31: Europe Current & Future Analysis for Smart Grid by Type - Software and Hardware - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
  • Table 32: Europe 7-Year Perspective for Smart Grid by Type - Percentage Breakdown of Value Sales for Software and Hardware for the Years 2020 & 2027
  • Table 33: Europe Current & Future Analysis for Smart Grid by Service - Consulting, Deployment & Integration and Support & Maintenance - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
  • Table 34: Europe 7-Year Perspective for Smart Grid by Service - Percentage Breakdown of Value Sales for Consulting, Deployment & Integration and Support & Maintenance for the Years 2020 & 2027
  • FRANCE
  • Table 35: France Current & Future Analysis for Smart Grid by Type - Software and Hardware - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
  • Table 36: France 7-Year Perspective for Smart Grid by Type - Percentage Breakdown of Value Sales for Software and Hardware for the Years 2020 & 2027
  • Table 37: France Current & Future Analysis for Smart Grid by Service - Consulting, Deployment & Integration and Support & Maintenance - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
  • Table 38: France 7-Year Perspective for Smart Grid by Service - Percentage Breakdown of Value Sales for Consulting, Deployment & Integration and Support & Maintenance for the Years 2020 & 2027
  • GERMANY
  • Table 39: Germany Current & Future Analysis for Smart Grid by Type - Software and Hardware - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
  • Table 40: Germany 7-Year Perspective for Smart Grid by Type - Percentage Breakdown of Value Sales for Software and Hardware for the Years 2020 & 2027
  • Table 41: Germany Current & Future Analysis for Smart Grid by Service - Consulting, Deployment & Integration and Support & Maintenance - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
  • Table 42: Germany 7-Year Perspective for Smart Grid by Service - Percentage Breakdown of Value Sales for Consulting, Deployment & Integration and Support & Maintenance for the Years 2020 & 2027
  • ITALY
  • Table 43: Italy Current & Future Analysis for Smart Grid by Type - Software and Hardware - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
  • Table 44: Italy 7-Year Perspective for Smart Grid by Type - Percentage Breakdown of Value Sales for Software and Hardware for the Years 2020 & 2027
  • Table 45: Italy Current & Future Analysis for Smart Grid by Service - Consulting, Deployment & Integration and Support & Maintenance - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
  • Table 46: Italy 7-Year Perspective for Smart Grid by Service - Percentage Breakdown of Value Sales for Consulting, Deployment & Integration and Support & Maintenance for the Years 2020 & 2027
  • UNITED KINGDOM
  • Table 47: UK Current & Future Analysis for Smart Grid by Type - Software and Hardware - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
  • Table 48: UK 7-Year Perspective for Smart Grid by Type - Percentage Breakdown of Value Sales for Software and Hardware for the Years 2020 & 2027
  • Table 49: UK Current & Future Analysis for Smart Grid by Service - Consulting, Deployment & Integration and Support & Maintenance - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
  • Table 50: UK 7-Year Perspective for Smart Grid by Service - Percentage Breakdown of Value Sales for Consulting, Deployment & Integration and Support & Maintenance for the Years 2020 & 2027
  • REST OF EUROPE
  • Table 51: Rest of Europe Current & Future Analysis for Smart Grid by Type - Software and Hardware - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
  • Table 52: Rest of Europe 7-Year Perspective for Smart Grid by Type - Percentage Breakdown of Value Sales for Software and Hardware for the Years 2020 & 2027
  • Table 53: Rest of Europe Current & Future Analysis for Smart Grid by Service - Consulting, Deployment & Integration and Support & Maintenance - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
  • Table 54: Rest of Europe 7-Year Perspective for Smart Grid by Service - Percentage Breakdown of Value Sales for Consulting, Deployment & Integration and Support & Maintenance for the Years 2020 & 2027
  • ASIA-PACIFIC
  • Table 55: Asia-Pacific Current & Future Analysis for Smart Grid by Type - Software and Hardware - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
  • Table 56: Asia-Pacific 7-Year Perspective for Smart Grid by Type - Percentage Breakdown of Value Sales for Software and Hardware for the Years 2020 & 2027
  • Table 57: Asia-Pacific Current & Future Analysis for Smart Grid by Service - Consulting, Deployment & Integration and Support & Maintenance - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
  • Table 58: Asia-Pacific 7-Year Perspective for Smart Grid by Service - Percentage Breakdown of Value Sales for Consulting, Deployment & Integration and Support & Maintenance for the Years 2020 & 2027
  • REST OF WORLD
  • Table 59: Rest of World Current & Future Analysis for Smart Grid by Type - Software and Hardware - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
  • Table 60: Rest of World 7-Year Perspective for Smart Grid by Type - Percentage Breakdown of Value Sales for Software and Hardware for the Years 2020 & 2027
  • Table 61: Rest of World Current & Future Analysis for Smart Grid by Service - Consulting, Deployment & Integration and Support & Maintenance - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
  • Table 62: Rest of World 7-Year Perspective for Smart Grid by Service - Percentage Breakdown of Value Sales for Consulting, Deployment & Integration and Support & Maintenance for the Years 2020 & 2027
IV. COMPETITION
  • Total Companies Profiled: 266
Note: Product cover images may vary from those shown

A selection of companies mentioned in this report includes:

  • ABB Ltd.
  • Aclara Technologies LLC
  • C3.ai, Inc.
  • Cisco Systems, Inc.
  • Eaton Corporation PLC
  • Enel X S.r.l.
  • eSmart Systems
  • Esyasoft Technologies Pvt Ltd.
  • General Electric Company
  • Globema Sp. z o.o.
  • Grid4C
  • Honeywell International, Inc.
  • IBM Corporation
  • Itron, Inc.
  • Kamstrup A/S
  • Landis+Gyr AG
  • Open Systems International, Inc.(OSI)
  • Oracle Corporation
  • S&C Electric Company
  • Schneider Electric SA
  • Siemens AG
  • Tantalus Systems, Inc.
  • Tech Mahindra Ltd.
  • Trilliant, Inc.
  • Wipro Ltd.
Note: Product cover images may vary from those shown
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