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Smart Grid: Global Markets to 2026

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    Report

  • 99 Pages
  • October 2021
  • Region: Global
  • BCC Research
  • ID: 5458838
Description Jump to:

The global market for smart grid technology is estimated to grow from $36.9 billion in 2021 to $55.9 billion by 2026, at a compound annual growth rate (CAGR) of 8.7% during the forecast period of 2021-2026.

The North American market for smart grid technology is estimated to grow from $12.2 billion in 2021 to $16.2 billion by 2026, at a CAGR of 5.8% during the forecast period of 2021-2026.

The Asia-Pacific market for smart grid technology is estimated to grow from $9.5 billion in 2021 to $16.8 billion by 2026, at a CAGR of 12.0% during the forecast period of 2021-2026.

Report Scope

In this report, the market has been segmented based on component, end-user and geography. The report provides an overview of the global market for smart grids and analyzes market trends. Using 2020 as the base year, the report provides estimated market data for the forecast period from 2021 through 2026. Market values have been estimated based on the total revenues of the smart grid manufacturers and electricity/power providers.

This report covers the market for smart grids with regards to their implementation across different regions. It also focuses on the major trends and challenges that will affect the market and the vendor landscape.

The Report Includes

  • 33 tables
  • An updated overview of the global market for smart grid technologies
  • Analyses of the global market trends, with data from 2020, estimates for 2021, 2022 and 2024, and projections of compound annual growth rates (CAGRs) through 2026
  • Highlights of emerging technology trends, opportunities and gaps estimating current and future demand for smart grid network, and impact of COVID-19 on the progress of this market
  • Evaluation and forecast the smart grid market size (by number of units installation and product sales in dollar value terms), and corresponding market share analysis by component, grid type, end-user vertical, and geography
  • Identification of the companies best positioned to meet the demand owing to their proprietary technologies, new industry-specific developments, and other growth strategies
  • Assessment of the smart grid market dynamics (DROs), technology advancements, power industry structure, government regulations, and other macroeconomic factors affecting the marketplace
  • Company profiles descriptions of the major manufacturers of smart grid infrastructure. Key players include Eaton, Fujitsu Ltd., General Electric, Honeywell, Landis+Gyr, Schneider Electric, Siemens etc.

Table of Contents

Chapter 1 Introduction
  • Introduction
  • Study Goals and Objectives
  • Scope of Report
  • Reasons for Doing This Study
  • Intended Audiences
  • Information Sources
  • Methodology
  • Geographic Breakdown
  • Analyst's Credentials
  • Custom Research
  • Related Reports
Chapter 2 Summary and Highlights
Chapter 3 Market Overview
  • Overview
  • Impact of COVID-19 on the Smart Grid Market
  • Smart Grid, by Type
  • Generation
  • Transmission
  • Distribution
  • Consumption
  • Use Cases for the Smart Grid
  • Market Drivers
  • Growing Investments
  • Advanced Metering Infrastructure
  • Increasing Consumer Adoption of Home Automation
  • Market Challenges
  • Cost Challenge
  • Procedural Challenges
  • Technical Challenges
  • Market Opportunities
  • Electric Vehicles
  • Smart Homes
  • Smart Cities
Chapter 4 Market Breakdown by Component
  • Introduction
  • Hardware
  • Sensor-Controlled Appliances
  • Software
  • Services
Chapter 5 Market Breakdown by End User
  • Introduction
  • Residential
  • Commercial
  • Industrial
Chapter 6 Market Breakdown by Geographical Region
  • Introduction
  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • Germany
    • U.K.
    • France
    • Spain
  • Asia-Pacific
    • China
    • India
    • Japan
    • South Korea
  • Rest of the World (RoW)
Chapter 7 Company Profiles
  • Advanced Micro Devices Inc.
  • ABB Ltd.
  • Aclara
  • C3 Ai Inc.
  • Cisco Systems Inc.
  • Cyanconnode Holdings Plc
  • Discovergy Gmbh
  • Eaton
  • Enel X North America
  • Esmart Systems
  • Esyasoft Technologies Pvt., Ltd.
  • Firecomms
  • Fujitsu Ltd.
  • General Electric
  • Globema
  • Gram Power
  • Grid4C
  • Honeywell
  • IBM
  • Itron
  • Kamstrup
  • Landis+Gyr
  • Oracle
  • Open Systems International Inc. (Osi)
  • Power Plus Communications (Ppc)
  • S&C Electric Co.
  • Sagemcom
  • Schneider Electric
  • Sensus
  • Siemens
  • Sparkmeter Inc.
  • Tantalus
  • Tech Mahindra
  • Trilliant Holdings
  • Wattwatchers
  • Wipro Ltd.
Chapter 8 Appendix: List of Acronyms
List of Tables
Summary Table: Global Smart Grid Market, by Region, Through 2026
Table 1: Three Major Systems within the Smart Grid
Table 2: Smart Grid Use Cases
Table 3: Impact of Income on the Interest in Buying Home Automation Solutions
Table 4: Comparing the Traditional Grid and the Smart Grid
Table 5: Global Smart Grid Market, by Component, Through 2026
Table 6: Global Smart Grid Hardware Market, by Region, Through 2026
Table 7: Global Smart Grid Hardware Market, by End User, Through 2026
Table 8: Global Smart Grid Software Market, by Region, Through 2026
Table 9: Global Smart Grid Software Market, by End User, Through 2026
Table 10: Global Smart Grid Services Market, by Region, Through 2026
Table 11: Global Smart Grid Services Market, by End User, Through 2026
Table 12: Global Smart Grid Market, by End User, Through 2026
Table 13: Global Smart Grid Residential Market, by Region, Through 2026
Table 14: Global Smart Grid Residential Market, by Component, Through 2026
Table 15: Global Smart Grid Commercial Market, by Region, Through 2026
Table 16: Global Smart Grid Commercial Market, by Component, Through 2026
Table 17: Global Smart Grid Industrial Market, by Region, Through 2026
Table 18: Global Smart Grid Industrial Market, by Component, Through 2026
Table 19: Global Smart Grid Market, by Region, Through 2026
Table 20: North American Smart Grid Market, by Country, Through 2026
Table 21: North American Smart Grid Market, by Component, Through 2026
Table 22: North American Smart Grid Market, by End User, Through 2026
Table 23: European Smart Grid Market, by Country, Through 2026
Table 24: European Smart Grid Market, by Component, Through 2026
Table 25: European Smart Grid Market, by End User, Through 2026
Table 26: Asia-Pacific Smart Grid Market, by Country, Through 2026
Table 27: Asia-Pacific Smart Grid Market, by Component, Through 2026
Table 28: Asia-Pacific Smart Grid Market, by End User, Through 2026
Table 29: RoW Smart Grid Market, by Sub-Region, Through 2026
Table 30: RoW Smart Grid Market, by Component, Through 2026
Table 31: RoW Smart Grid Market, by End User, Through 2026
Table 32: Acronyms Used in this Report

List of Figures
Summary Figure: Global Smart Grid Market Share, by Region, 2020
Figure 1: Smart Grid Benefits
Figure 2: Smart Grid Value Chain
Figure 3: Smart Grid Use Cases
Figure 4: Annual Smart Grid Investment (of Total Grid Information and Control Technology Investment)
Figure 5: U.S. Smart Meter Installations, Jan. 2015-Dec. 2020
Figure 6: U.S. Resident Population, by Generation, 2019
Figure 7: Global Smart Grid Market Share, by Component, 2020
Figure 8: Global Smart Grid Market Share, by Component, 2026
Figure 9: Global Smart Grid Hardware Market Share, by Region, 2020
Figure 10: Global Smart Grid Hardware Market Share, by Region, 2026
Figure 11: Global Smart Grid Hardware Market Share, by End User, 2020
Figure 12: Global Smart Grid Hardware Market Share, by End User, 2026
Figure 13: Global Smart Grid Software Market Share, by Region, 2020
Figure 14: Global Smart Grid Software Market Share, by Region, 2026
Figure 15: Global Smart Grid Software Market Share, by End User, 2020
Figure 16: Global Smart Grid Software Market Share, by End User, 2026
Figure 17: Global Smart Grid Services Market Share, by Region, 2020
Figure 18: Global Smart Grid Services Market Share, by Region, 2026
Figure 19: Global Smart Grid Services Market Share, by End User, 2020
Figure 20: Global Smart Grid Services Market Share, by End User, 2026
Figure 21: Global Smart Grid Market Share, by End User, 2020
Figure 22: Global Smart Grid Market Share, by End User, 2026
Figure 23: Global Smart Grid Residential Market Share, by Region, 2020
Figure 24: Global Smart Grid Residential Market Share, by Region, 2026
Figure 25: Global Smart Grid Residential Market Share, by Component, 2020
Figure 26: Global Smart Grid Residential Market Share, by Component, 2026
Figure 27: Global Smart Grid Commercial Market Share, by Region, 2020
Figure 28: Global Smart Grid Commercial Market Share, by Region, 2026
Figure 29: Global Smart Grid Commercial Market, by Component, 2020
Figure 30: Global Smart Grid Commercial Market Share, by Component, 2026
Figure 31: Global Smart Grid Industrial Market Share, by Region, 2020
Figure 32: Global Smart Grid Industrial Market Share, by Region, 2026
Figure 33: Global Smart Grid Industrial Market Share, by Component, 2020
Figure 34: Global Smart Grid Industrial Market Share, by Component, 2026
Figure 35: Global Smart Grid Market Share, by Region, 2020
Figure 36: Global Smart Grid Market Share, by Region, 2026
Figure 37: North American Smart Grid Market Share, by Country, 2020
Figure 38: North American Smart Grid Market Share, by Country, 2026
Figure 39: North American Smart Grid Market Share, by Component, 2020
Figure 40: North American Smart Grid Market Share, by Component, 2026
Figure 41: North American Smart Grid Market Share Grid, by End User, 2020
Figure 42: North American Smart grid Market Share, by End User, 2026
Figure 43: European Smart Grid Market Share, by Country, 2020
Figure 44: European Smart Grid Market Share, by Country, 2026
Figure 45: European Smart Grid Market Share, by Component, 2020
Figure 46: European Smart Grid Market Share, by Component, 2026
Figure 47: European Smart Grid Market Share, by End User, 2020
Figure 48: European Smart Grid Market Share, by End User, 2026
Figure 49: Asia-Pacific Smart Grid Market Share, by Country, 2020
Figure 50: Asia-Pacific Smart Grid Market Share, by Country, 2020
Figure 51: Asia-Pacific Smart Grid Market Share, by Component, 2020
Figure 52: Asia-Pacific Smart Grid Market Share, by Component, 2026
Figure 53: Asia-Pacific Smart Grid Market Share, by End User, 2020
Figure 54: Asia-Pacific Smart Grid Market Share, by End User, 2026
Figure 55: RoW Smart Grid Market Share, by Sub-Region, 2020
Figure 56: RoW Smart Grid Market Share, by Sub-Region, 2026
Figure 57: RoW Smart Grid Market Share, by Component, 2020
Figure 58: RoW Smart Grid Market Share, by Component, 2026
Figure 59: RoW Smart Grid Market Share, by End User, 2020
Figure 60: RoW Smart Grid Market Share, by End User, 2026

Companies Mentioned

  • ABB Ltd.
  • Aclara
  • Advanced Micro Devices Inc.
  • C3 Ai Inc.
  • Cisco Systems Inc.
  • Cyanconnode Holdings Plc
  • Discovergy Gmbh
  • Eaton
  • Enel X North America
  • Esmart Systems
  • Esyasoft Technologies Pvt., Ltd.
  • Firecomms
  • Fujitsu Ltd.
  • General Electric
  • Globema
  • Gram Power
  • Grid4C
  • Honeywell
  • IBM
  • Itron
  • Kamstrup
  • Landis+Gyr
  • Open Systems International Inc. (Osi)
  • Oracle
  • Power Plus Communications (Ppc)
  • S&C Electric Co.
  • Sagemcom
  • Schneider Electric
  • Sensus
  • Siemens
  • Sparkmeter Inc.
  • Tantalus
  • Tech Mahindra
  • Trilliant Holdings
  • Wattwatchers
  • Wipro Ltd.

Table Information

Report AttributeDetails
No. of Pages99
PublishedOctober 2021
Forecast Period2021 - 2026
Estimated Market Value ( USD ) in 2021 $ 36.9 Billion
Forecasted Market Value ( USD ) by 2026 $ 55.9 Billion
Compound Annual Growth Rate8.7%
Regions CoveredGlobal
No. of Companies Mentioned36

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