Global Smart Grid Security Market to Reach $20.1 Billion by 2030
The global market for Smart Grid Security estimated at US$10.1 Billion in the year 2022, is projected to reach a revised size of US$20.1 Billion by 2030, growing at a CAGR of 8.9% over the analysis period 2022-2030. Endpoint Security, one of the segments analyzed in the report, is projected to record 8.5% CAGR and reach US$5.6 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Network Security segment is readjusted to a revised 9.3% CAGR for the next 8-year period.The U.S. Market is Estimated at $3 Billion, While China is Forecast to Grow at 8.4% CAGR
The Smart Grid Security market in the U.S. is estimated at US$3 Billion in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$3.5 Billion by the year 2030 trailing a CAGR of 8.4% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 7.9% and 7.5% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 6.9% CAGR.Select Competitors (Total 31 Featured) -
- AlertEnterprise, Inc.
- BAE Systems PLC
- Cisco Systems, Inc.
- Elster Solutions
- IBM Corporation
- Intel Security Group - McAfee, Inc.
- Leidos Holdings, Inc.
- N-Dimension Solutions, Inc.
- Siemens AG
- Symantec Corporation
What's New?
- Special coverage on Russia-Ukraine war; global inflation; easing of zero-Covid policy in China and its `bumpy` reopening; supply chain disruptions, global trade tensions; and risk of recession.
- Global competitiveness and key competitor percentage market shares
- Market presence across multiple geographies - Strong/Active/Niche/Trivial
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Table of Contents
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- AlertEnterprise, Inc.
- BAE Systems PLC
- Cisco Systems, Inc.
- Elster Solutions
- IBM Corporation
- Intel Security Group - McAfee, Inc.
- Leidos Holdings, Inc.
- N-Dimension Solutions, Inc.
- Siemens AG
- Symantec Corporation
Table Information
Report Attribute | Details |
---|---|
No. of Pages | 189 |
Published | April 2024 |
Forecast Period | 2022 - 2030 |
Estimated Market Value ( USD | $ 10.1 Billion |
Forecasted Market Value ( USD | $ 20.1 Billion |
Compound Annual Growth Rate | 9.0% |
Regions Covered | Global |