Global Smart Power Distribution Systems Market to Reach $90.1 Billion by 2030
The global market for Smart Power Distribution Systems estimated at US$32.4 Billion in the year 2022, is projected to reach a revised size of US$90.1 Billion by 2030, growing at a CAGR of 13.6% over the analysis period 2022-2030. Software, one of the segments analyzed in the report, is projected to record 15.4% CAGR and reach US$52 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Hardware segment is readjusted to a revised 11.7% CAGR for the next 8-year period.The U.S. Market is Estimated at $9.8 Billion, While China is Forecast to Grow at 13% CAGR
The Smart Power Distribution Systems market in the U.S. is estimated at US$9.8 Billion in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$15.3 Billion by the year 2030 trailing a CAGR of 13% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 12.1% and 11.4% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 9.8% CAGR.Select Competitors (Total 18 Featured) -
- ABB Group
- Aclara Technologies LLC
- Cisco Systems, Inc.
- Eaton Corporation PLC
- General Electric Company
- Itron, Inc.
- Landis+Gyr AG
- Oracle Corporation
- Schneider Electric SA
- Siemens AG
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
- Online interactive peer-to-peer collaborative bespoke updates
- Access to digital archives and the publisher's Research Platform
- Complimentary updates for one year
Table of Contents
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- ABB Group
- Aclara Technologies LLC
- Cisco Systems, Inc.
- Eaton Corporation PLC
- General Electric Company
- Itron, Inc.
- Landis+Gyr AG
- Oracle Corporation
- Schneider Electric SA
- Siemens AG
Table Information
Report Attribute | Details |
---|---|
No. of Pages | 211 |
Published | April 2024 |
Forecast Period | 2022 - 2030 |
Estimated Market Value ( USD | $ 32.4 Billion |
Forecasted Market Value ( USD | $ 90.1 Billion |
Compound Annual Growth Rate | 13.6% |
Regions Covered | Global |