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Electrical Grid Market: Global Opportunity Analysis and Industry Forecast, 2024-2033

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    Report

  • 289 Pages
  • January 2025
  • Region: Global
  • Allied Market Research
  • ID: 6120067
Description Jump to:
The global electrical grid market size was valued at $251.9 billion in 2023, and is projected to reach $413.1 billion by 2033, growing at a CAGR of 5.1% from 2024 to 2033.

An electrical grid, also known as the power grid, is a complex network designed to deliver electricity from producers to consumers. It consists of power stations, transmission lines, substations, and distribution systems. The electrical grid allows for the efficient transmission and distribution of electrical energy across large distances, ensuring that homes, businesses, and industries have reliable access to power. The electrical grid market is a critical sector that involves the generation, transmission, distribution, and management of electricity. It is influenced by technological advancements, infrastructure investments, regulatory frameworks, and the global transition toward renewable energy sources.

Increase in demand for renewable energy integration into electrical grids is driven by a combination of factors, including global efforts to reduce carbon emissions, government incentives promoting sustainable energy solutions, and the need for energy security and diversification. In addition, rise in adoption of electric vehicles and distributed energy resources further accelerates the demand for enhanced grid connectivity and renewable energy integration solutions. These factors collectively drive innovation and investments in the development of resilient, adaptive, and sustainable power systems. This increased investment is particularly focused on emerging market and developing economies (EMDEs) where renewable energy adoption is accelerating rapidly. All these factors are expected to drive the electrical grid market trend during the forecast period.

However, developing and modernizing electrical grids require extensive capital to acquire advanced equipment, construct infrastructure, and implement cutting-edge technologies such as smart grids and renewable energy integration. These projects often involve the installation of high-capacity transformers, power lines, substations, and other critical components, which incur substantial upfront costs. In addition, the expenses related to skilled labor, logistics, and regulatory compliance further increase the financial burden on stakeholders. As a result, many regions, particularly in developing countries, struggle to allocate sufficient resources to upgrade or expand their electrical grid systems. All these factors are expected to hamper electrical grid market growth.

On the other hand, as power grids become more complex with the integration of renewable energy sources, electric vehicles, and distributed energy resources (DERs), there is a surge in need for advanced technologies to optimize grid operations. Digitalization, on the other hand, leverages IoT, big data analytics, and AI to enhance predictive maintenance, load forecasting, and energy distribution. Smart grid technologies, including advanced metering infrastructure (AMI), remote terminal units (RTUs), and distribution management systems (DMS), are gaining traction. These investments reduce operational costs and enable a seamless integration of renewable energy and improve grid resilience. All these factors are expected to offer electric grid investment opportunities during the forecast period. In February 2024, Schneider Electric partnered with Itron to modernize and simplify energy distribution. This collaboration aims to digitalize supply and demand management to maximize grid flexibility, capacity, and efficiency.

Segment Review

The electrical grid market is segmented into power source, application, and region. On the basis of power source, the market is segregated into coal, natural gas, hydro, and others. On the basis of application, the market is classified into power generation, transmission, and distribution. Region-wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

Key Findings

  • On the basis of power source, the natural gas segment accounted for more than one-third of the electrical grid market share in 2023 and is expected to maintain its dominance during the forecast period.
  • On the basis of application, the power generation segment accounted for more than two-fifths of the electrical grid market share in 2023 and is expected to maintain its dominance during the forecast period.
  • Region-wise, Asia-Pacific was the highest revenue contributor in the global electrical grid market in 2023.

Competition Analysis

The key players in the electrical grid market include Schneider Electric SE, Siemens AG, Toshiba Corporation, Eaton Corporation, Mitsubishi Electric Corporation, ABB Ltd, NextEra Energy, Inc, General Electric Company, National Grid, and Itron Inc.

Key Benefits for Stakeholders

  • This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the electrical grid market analysis from 2023 to 2033 to identify the prevailing electrical grid market opportunities.
  • The market research is offered along with information related to key drivers, restraints, and opportunities.
  • Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
  • In-depth analysis of the electrical grid market segmentation assists to determine the prevailing market opportunities.
  • Major countries in each region are mapped according to their revenue contribution to the global market.
  • Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
  • The report includes the analysis of the regional as well as global electrical grid market trends, key players, market segments, application areas, and market growth strategies.

Additional benefits you will get with this purchase are:

  • Quarterly Update and* (only available with a corporate license, on listed price)
  • 5 additional Company Profile of client Choice pre- or Post-purchase, as a free update.
  • Free Upcoming Version on the Purchase of Five and Enterprise User License.
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  • 15% Free Customization* (in case the scope or segment of the report does not match your requirements, 15% is equivalent to 3 working days of free work, applicable once)
  • Free data Pack on the Five and Enterprise User License. (Excel version of the report)
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  • Free Industry updates and white papers.

Possible Customization with this report (with additional cost and timeline, please talk to the sales executive to know more)

  • Analysis of raw material in a product (by %)
  • Manufacturing Capacity
  • Technology Trend Analysis
  • Go To Market Strategy
  • New Product Development/ Product Matrix of Key Players
  • Regulatory Guidelines
  • Additional company profiles with specific to client's interest
  • Historic market data
  • Key player details (including location, contact details, supplier/vendor network etc. in excel format)
  • List of customers/consumers/raw material suppliers- value chain analysis
  • SWOT Analysis

Key Market Segments

By Power Source

  • Natural Gas
  • Hydro
  • Others
  • Coal

By Application

  • Power Generation
  • Transmission
  • Distribution

By Region

  • North America
  • U.S.
  • Canada
  • Mexico
  • Europe
  • Germany
  • UK
  • Spain
  • Italy
  • France
  • Rest of Europe
  • Asia-Pacific
  • China
  • India
  • Japan
  • South Korea
  • Australia
  • Rest of Asia-Pacific
  • LAMEA
  • Brazil
  • Saudi Arabia
  • South Africa
  • Rest of LAMEA

Key Market Players

  • Schneider Electric SE
  • Siemens AG
  • Mitsubishi Electric Corporation
  • NextEra Energy, Inc
  • National Grid
  • ABB Ltd.
  • Itron Inc.
  • Eaton Corporation PLC
  • General Electric Company
  • Toshiba Corporation

Table of Contents

CHAPTER 1: INTRODUCTION
1.1. Report description
1.2. Key market segments
1.3. Key benefits to the stakeholders
1.4. Research methodology
1.4.1. Primary research
1.4.2. Secondary research
1.4.3. Analyst tools and models
CHAPTER 2: EXECUTIVE SUMMARY
2.1. CXO perspective
CHAPTER 3: MARKET OVERVIEW
3.1. Market definition and scope
3.2. Key findings
3.2.1. Top impacting factors
3.2.2. Top investment pockets
3.3. Porter’s five forces analysis
3.3.1. Moderate bargaining power of suppliers
3.3.2. Moderate threat of new entrants
3.3.3. Moderate threat of substitutes
3.3.4. Moderate intensity of rivalry
3.3.5. Moderate bargaining power of buyers
3.4. Market dynamics
3.4.1. Drivers
3.4.1.1. Increasing Interconnection of National and Regional Grids
3.4.1.2. Growing Demand for Smart Grid Technologies
3.4.2. Restraints
3.4.2.1. High Initial Investment and Installation Costs
3.4.3. Opportunities
3.4.3.1. Rising Investments in Grid Automation and Digitalization
3.5. Value Chain Analysis
3.6. Regulatory Guidelines
CHAPTER 4: ELECTRICAL GRID MARKET, BY POWER SOURCE
4.1. Overview
4.1.1. Market size and forecast
4.2. Coal
4.2.1. Key market trends, growth factors and opportunities
4.2.2. Market size and forecast, by region
4.2.3. Market share analysis by country
4.3. Natural Gas
4.3.1. Key market trends, growth factors and opportunities
4.3.2. Market size and forecast, by region
4.3.3. Market share analysis by country
4.4. Hydro
4.4.1. Key market trends, growth factors and opportunities
4.4.2. Market size and forecast, by region
4.4.3. Market share analysis by country
4.5. Others
4.5.1. Key market trends, growth factors and opportunities
4.5.2. Market size and forecast, by region
4.5.3. Market share analysis by country
CHAPTER 5: ELECTRICAL GRID MARKET, BY APPLICATION
5.1. Overview
5.1.1. Market size and forecast
5.2. Power Generation
5.2.1. Key market trends, growth factors and opportunities
5.2.2. Market size and forecast, by region
5.2.3. Market share analysis by country
5.3. Transmission
5.3.1. Key market trends, growth factors and opportunities
5.3.2. Market size and forecast, by region
5.3.3. Market share analysis by country
5.4. Distribution
5.4.1. Key market trends, growth factors and opportunities
5.4.2. Market size and forecast, by region
5.4.3. Market share analysis by country
CHAPTER 6: ELECTRICAL GRID MARKET, BY REGION
6.1. Overview
6.1.1. Market size and forecast By Region
6.2. North America
6.2.1. Key market trends, growth factors and opportunities
6.2.2. Market size and forecast, by Power Source
6.2.3. Market size and forecast, by Application
6.2.4. Market size and forecast, by country
6.2.4.1. U.S.
6.2.4.1.1. Market size and forecast, by Power Source
6.2.4.1.2. Market size and forecast, by Application
6.2.4.2. Canada
6.2.4.2.1. Market size and forecast, by Power Source
6.2.4.2.2. Market size and forecast, by Application
6.2.4.3. Mexico
6.2.4.3.1. Market size and forecast, by Power Source
6.2.4.3.2. Market size and forecast, by Application
6.3. Europe
6.3.1. Key market trends, growth factors and opportunities
6.3.2. Market size and forecast, by Power Source
6.3.3. Market size and forecast, by Application
6.3.4. Market size and forecast, by country
6.3.4.1. Germany
6.3.4.1.1. Market size and forecast, by Power Source
6.3.4.1.2. Market size and forecast, by Application
6.3.4.2. UK
6.3.4.2.1. Market size and forecast, by Power Source
6.3.4.2.2. Market size and forecast, by Application
6.3.4.3. Spain
6.3.4.3.1. Market size and forecast, by Power Source
6.3.4.3.2. Market size and forecast, by Application
6.3.4.4. Italy
6.3.4.4.1. Market size and forecast, by Power Source
6.3.4.4.2. Market size and forecast, by Application
6.3.4.5. France
6.3.4.5.1. Market size and forecast, by Power Source
6.3.4.5.2. Market size and forecast, by Application
6.3.4.6. Rest of Europe
6.3.4.6.1. Market size and forecast, by Power Source
6.3.4.6.2. Market size and forecast, by Application
6.4. Asia-Pacific
6.4.1. Key market trends, growth factors and opportunities
6.4.2. Market size and forecast, by Power Source
6.4.3. Market size and forecast, by Application
6.4.4. Market size and forecast, by country
6.4.4.1. China
6.4.4.1.1. Market size and forecast, by Power Source
6.4.4.1.2. Market size and forecast, by Application
6.4.4.2. India
6.4.4.2.1. Market size and forecast, by Power Source
6.4.4.2.2. Market size and forecast, by Application
6.4.4.3. Japan
6.4.4.3.1. Market size and forecast, by Power Source
6.4.4.3.2. Market size and forecast, by Application
6.4.4.4. South Korea
6.4.4.4.1. Market size and forecast, by Power Source
6.4.4.4.2. Market size and forecast, by Application
6.4.4.5. Australia
6.4.4.5.1. Market size and forecast, by Power Source
6.4.4.5.2. Market size and forecast, by Application
6.4.4.6. Rest of Asia-Pacific
6.4.4.6.1. Market size and forecast, by Power Source
6.4.4.6.2. Market size and forecast, by Application
6.5. LAMEA
6.5.1. Key market trends, growth factors and opportunities
6.5.2. Market size and forecast, by Power Source
6.5.3. Market size and forecast, by Application
6.5.4. Market size and forecast, by country
6.5.4.1. Brazil
6.5.4.1.1. Market size and forecast, by Power Source
6.5.4.1.2. Market size and forecast, by Application
6.5.4.2. Saudi Arabia
6.5.4.2.1. Market size and forecast, by Power Source
6.5.4.2.2. Market size and forecast, by Application
6.5.4.3. South Africa
6.5.4.3.1. Market size and forecast, by Power Source
6.5.4.3.2. Market size and forecast, by Application
6.5.4.4. Rest of LAMEA
6.5.4.4.1. Market size and forecast, by Power Source
6.5.4.4.2. Market size and forecast, by Application
CHAPTER 7: COMPETITIVE LANDSCAPE
7.1. Introduction
7.2. Top winning strategies
7.3. Product mapping of top 10 player
7.4. Competitive dashboard
7.5. Competitive heatmap
7.6. Top player positioning, 2023
CHAPTER 8: COMPANY PROFILES
8.1. Schneider Electric SE
8.1.1. Company overview
8.1.2. Key executives
8.1.3. Company snapshot
8.1.4. Operating business segments
8.1.5. Product portfolio
8.1.6. Business performance
8.1.7. Key strategic moves and developments
8.2. Siemens AG
8.2.1. Company overview
8.2.2. Key executives
8.2.3. Company snapshot
8.2.4. Operating business segments
8.2.5. Product portfolio
8.2.6. Business performance
8.2.7. Key strategic moves and developments
8.3. Toshiba Corporation
8.3.1. Company overview
8.3.2. Key executives
8.3.3. Company snapshot
8.3.4. Operating business segments
8.3.5. Product portfolio
8.3.6. Business performance
8.4. Eaton Corporation PLC
8.4.1. Company overview
8.4.2. Key executives
8.4.3. Company snapshot
8.4.4. Operating business segments
8.4.5. Product portfolio
8.4.6. Business performance
8.5. Mitsubishi Electric Corporation
8.5.1. Company overview
8.5.2. Key executives
8.5.3. Company snapshot
8.5.4. Operating business segments
8.5.5. Product portfolio
8.5.6. Business performance
8.6. ABB Ltd.
8.6.1. Company overview
8.6.2. Key executives
8.6.3. Company snapshot
8.6.4. Operating business segments
8.6.5. Product portfolio
8.6.6. Business performance
8.7. NextEra Energy, Inc
8.7.1. Company overview
8.7.2. Key executives
8.7.3. Company snapshot
8.7.4. Operating business segments
8.7.5. Product portfolio
8.7.6. Business performance
8.8. General Electric Company
8.8.1. Company overview
8.8.2. Key executives
8.8.3. Company snapshot
8.8.4. Operating business segments
8.8.5. Product portfolio
8.8.6. Business performance
8.9. National Grid
8.9.1. Company overview
8.9.2. Key executives
8.9.3. Company snapshot
8.9.4. Operating business segments
8.9.5. Product portfolio
8.9.6. Business performance
8.10. Itron Inc.
8.10.1. Company overview
8.10.2. Key executives
8.10.3. Company snapshot
8.10.4. Operating business segments
8.10.5. Product portfolio
8.10.6. Business performance
LIST OF TABLES
Table 01. Global Electrical Grid Market, by Power Source, 2023-2033 ($Billion)
Table 02. Electrical Grid Market for Coal, by Region, 2023-2033 ($Billion)
Table 03. Electrical Grid Market for Natural Gas, by Region, 2023-2033 ($Billion)
Table 04. Electrical Grid Market for Hydro, by Region, 2023-2033 ($Billion)
Table 05. Electrical Grid Market for Others, by Region, 2023-2033 ($Billion)
Table 06. Global Electrical Grid Market, by Application, 2023-2033 ($Billion)
Table 07. Electrical Grid Market for Power Generation, by Region, 2023-2033 ($Billion)
Table 08. Electrical Grid Market for Transmission, by Region, 2023-2033 ($Billion)
Table 09. Electrical Grid Market for Distribution, by Region, 2023-2033 ($Billion)
Table 10. Electrical Grid Market, by Region, 2023-2033 ($Billion)
Table 11. North America Electrical Grid Market, by Power Source, 2023-2033 ($Billion)
Table 12. North America Electrical Grid Market, by Application, 2023-2033 ($Billion)
Table 13. North America Electrical Grid Market, by Country, 2023-2033 ($Billion)
Table 14. U.S. Electrical Grid Market, by Power Source, 2023-2033 ($Billion)
Table 15. U.S. Electrical Grid Market, by Application, 2023-2033 ($Billion)
Table 16. Canada Electrical Grid Market, by Power Source, 2023-2033 ($Billion)
Table 17. Canada Electrical Grid Market, by Application, 2023-2033 ($Billion)
Table 18. Mexico Electrical Grid Market, by Power Source, 2023-2033 ($Billion)
Table 19. Mexico Electrical Grid Market, by Application, 2023-2033 ($Billion)
Table 20. Europe Electrical Grid Market, by Power Source, 2023-2033 ($Billion)
Table 21. Europe Electrical Grid Market, by Application, 2023-2033 ($Billion)
Table 22. Europe Electrical Grid Market, by Country, 2023-2033 ($Billion)
Table 23. Germany Electrical Grid Market, by Power Source, 2023-2033 ($Billion)
Table 24. Germany Electrical Grid Market, by Application, 2023-2033 ($Billion)
Table 25. UK Electrical Grid Market, by Power Source, 2023-2033 ($Billion)
Table 26. UK Electrical Grid Market, by Application, 2023-2033 ($Billion)
Table 27. Spain Electrical Grid Market, by Power Source, 2023-2033 ($Billion)
Table 28. Spain Electrical Grid Market, by Application, 2023-2033 ($Billion)
Table 29. Italy Electrical Grid Market, by Power Source, 2023-2033 ($Billion)
Table 30. Italy Electrical Grid Market, by Application, 2023-2033 ($Billion)
Table 31. France Electrical Grid Market, by Power Source, 2023-2033 ($Billion)
Table 32. France Electrical Grid Market, by Application, 2023-2033 ($Billion)
Table 33. Rest of Europe Electrical Grid Market, by Power Source, 2023-2033 ($Billion)
Table 34. Rest of Europe Electrical Grid Market, by Application, 2023-2033 ($Billion)
Table 35. Asia-Pacific Electrical Grid Market, by Power Source, 2023-2033 ($Billion)
Table 36. Asia-Pacific Electrical Grid Market, by Application, 2023-2033 ($Billion)
Table 37. Asia-Pacific Electrical Grid Market, by Country, 2023-2033 ($Billion)
Table 38. China Electrical Grid Market, by Power Source, 2023-2033 ($Billion)
Table 39. China Electrical Grid Market, by Application, 2023-2033 ($Billion)
Table 40. India Electrical Grid Market, by Power Source, 2023-2033 ($Billion)
Table 41. India Electrical Grid Market, by Application, 2023-2033 ($Billion)
Table 42. Japan Electrical Grid Market, by Power Source, 2023-2033 ($Billion)
Table 43. Japan Electrical Grid Market, by Application, 2023-2033 ($Billion)
Table 44. South Korea Electrical Grid Market, by Power Source, 2023-2033 ($Billion)
Table 45. South Korea Electrical Grid Market, by Application, 2023-2033 ($Billion)
Table 46. Australia Electrical Grid Market, by Power Source, 2023-2033 ($Billion)
Table 47. Australia Electrical Grid Market, by Application, 2023-2033 ($Billion)
Table 48. Rest of Asia-Pacific Electrical Grid Market, by Power Source, 2023-2033 ($Billion)
Table 49. Rest of Asia-Pacific Electrical Grid Market, by Application, 2023-2033 ($Billion)
Table 50. LAMEA Electrical Grid Market, by Power Source, 2023-2033 ($Billion)
Table 51. LAMEA Electrical Grid Market, by Application, 2023-2033 ($Billion)
Table 52. LAMEA Electrical Grid Market, by Country, 2023-2033 ($Billion)
Table 53. Brazil Electrical Grid Market, by Power Source, 2023-2033 ($Billion)
Table 54. Brazil Electrical Grid Market, by Application, 2023-2033 ($Billion)
Table 55. Saudi Arabia Electrical Grid Market, by Power Source, 2023-2033 ($Billion)
Table 56. Saudi Arabia Electrical Grid Market, by Application, 2023-2033 ($Billion)
Table 57. South Africa Electrical Grid Market, by Power Source, 2023-2033 ($Billion)
Table 58. South Africa Electrical Grid Market, by Application, 2023-2033 ($Billion)
Table 59. Rest of LAMEA Electrical Grid Market, by Power Source, 2023-2033 ($Billion)
Table 60. Rest of LAMEA Electrical Grid Market, by Application, 2023-2033 ($Billion)
Table 61. Schneider Electric Se: Key Executives
Table 62. Schneider Electric Se: Company Snapshot
Table 63. Schneider Electric Se: Product Segments
Table 64. Schneider Electric Se: Product Portfolio
Table 65. Schneider Electric Se: Key Stratergies
Table 66. Siemens Ag: Key Executives
Table 67. Siemens Ag: Company Snapshot
Table 68. Siemens Ag: Product Segments
Table 69. Siemens Ag: Product Portfolio
Table 70. Siemens Ag: Key Stratergies
Table 71. Toshiba Corporation: Key Executives
Table 72. Toshiba Corporation: Company Snapshot
Table 73. Toshiba Corporation: Product Segments
Table 74. Toshiba Corporation: Product Portfolio
Table 75. Eaton Corporation plc: Key Executives
Table 76. Eaton Corporation plc: Company Snapshot
Table 77. Eaton Corporation plc: Product Segments
Table 78. Eaton Corporation plc: Product Portfolio
Table 79. Mitsubishi Electric Corporation: Key Executives
Table 80. Mitsubishi Electric Corporation: Company Snapshot
Table 81. Mitsubishi Electric Corporation: Product Segments
Table 82. Mitsubishi Electric Corporation: Product Portfolio
Table 83. Abb Ltd.: Key Executives
Table 84. Abb Ltd.: Company Snapshot
Table 85. Abb Ltd.: Product Segments
Table 86. Abb Ltd.: Product Portfolio
Table 87. Nextera Energy, Inc: Key Executives
Table 88. Nextera Energy, Inc: Company Snapshot
Table 89. Nextera Energy, Inc: Product Segments
Table 90. Nextera Energy, Inc: Product Portfolio
Table 91. General Electric Company: Key Executives
Table 92. General Electric Company: Company Snapshot
Table 93. General Electric Company: Product Segments
Table 94. General Electric Company: Product Portfolio
Table 95. National Grid: Key Executives
Table 96. National Grid: Company Snapshot
Table 97. National Grid: Product Segments
Table 98. National Grid: Product Portfolio
Table 99. Itron Inc.: Key Executives
Table 100. Itron Inc.: Company Snapshot
Table 101. Itron Inc.: Product Segments
Table 102. Itron Inc.: Product Portfolio
LIST OF FIGURES
Figure 01. Electrical Grid Market, 2023-2033
Figure 02. Segmentation of Electrical Grid Market,2023-2033
Figure 03. Top Impacting Factors in Electrical Grid Market (2023 to 2033)
Figure 04. Top Investment Pockets in Electrical Grid Market (2024-2033)
Figure 05. Moderate Bargaining Power of Suppliers
Figure 06. Moderate Threat of New Entrants
Figure 07. Moderate Threat of Substitutes
Figure 08. Moderate Intensity of Rivalry
Figure 09. Moderate Bargaining Power of Buyers
Figure 10. Global Electrical Grid Market:Drivers, Restraints and Opportunities
Figure 11. Electrical Grid Market, by Power Source, 2023 and 2033(%)
Figure 12. Comparative Share Analysis of Electrical Grid Market for Coal, by Country 2023 and 2033(%)
Figure 13. Comparative Share Analysis of Electrical Grid Market for Natural Gas, by Country 2023 and 2033(%)
Figure 14. Comparative Share Analysis of Electrical Grid Market for Hydro, by Country 2023 and 2033(%)
Figure 15. Comparative Share Analysis of Electrical Grid Market for Others, by Country 2023 and 2033(%)
Figure 16. Electrical Grid Market, by Application, 2023 and 2033(%)
Figure 17. Comparative Share Analysis of Electrical Grid Market for Power Generation, by Country 2023 and 2033(%)
Figure 18. Comparative Share Analysis of Electrical Grid Market for Transmission, by Country 2023 and 2033(%)
Figure 19. Comparative Share Analysis of Electrical Grid Market for Distribution, by Country 2023 and 2033(%)
Figure 20. Electrical Grid Market by Region, 2023 and 2033(%)
Figure 21. U.S. Electrical Grid Market, 2023-2033 ($Billion)
Figure 22. Canada Electrical Grid Market, 2023-2033 ($Billion)
Figure 23. Mexico Electrical Grid Market, 2023-2033 ($Billion)
Figure 24. Germany Electrical Grid Market, 2023-2033 ($Billion)
Figure 25. UK Electrical Grid Market, 2023-2033 ($Billion)
Figure 26. Spain Electrical Grid Market, 2023-2033 ($Billion)
Figure 27. Italy Electrical Grid Market, 2023-2033 ($Billion)
Figure 28. France Electrical Grid Market, 2023-2033 ($Billion)
Figure 29. Rest of Europe Electrical Grid Market, 2023-2033 ($Billion)
Figure 30. China Electrical Grid Market, 2023-2033 ($Billion)
Figure 31. India Electrical Grid Market, 2023-2033 ($Billion)
Figure 32. Japan Electrical Grid Market, 2023-2033 ($Billion)
Figure 33. South Korea Electrical Grid Market, 2023-2033 ($Billion)
Figure 34. Australia Electrical Grid Market, 2023-2033 ($Billion)
Figure 35. Rest of Asia-Pacific Electrical Grid Market, 2023-2033 ($Billion)
Figure 36. Brazil Electrical Grid Market, 2023-2033 ($Billion)
Figure 37. Saudi Arabia Electrical Grid Market, 2023-2033 ($Billion)
Figure 38. South Africa Electrical Grid Market, 2023-2033 ($Billion)
Figure 39. Rest of LAMEA Electrical Grid Market, 2023-2033 ($Billion)
Figure 40. Top Winning Strategies, by Year (2024-2024)
Figure 41. Top Winning Strategies, by Development (2024-2024)
Figure 42. Top Winning Strategies, by Company (2024-2024)
Figure 43. Product Mapping of Top 10 Players
Figure 44. Competitive Dashboard
Figure 45. Competitive Heatmap: Electrical Grid Market
Figure 46. Top Player Positioning, 2023
Figure 47. Schneider Electric SE: Net Revenue, 2021-2023 ($Million)
Figure 48. Schneider Electric SE: Revenue Share by Segment, 2023 (%)
Figure 49. Schneider Electric SE: Revenue Share by Region, 2023 (%)
Figure 50. Siemens AG: Net Revenue, 2022-2024 ($Million)
Figure 51. Siemens AG: Revenue Share by Segment, 2024 (%)
Figure 52. Siemens AG: Revenue Share by Region, 2024 (%)
Figure 53. Toshiba Corporation: Net Revenue, 2021-2023 ($Million)
Figure 54. Toshiba Corporation: Revenue Share by Segment, 2023 (%)
Figure 55. Toshiba Corporation: Revenue Share by Region, 2023 (%)
Figure 56. Eaton Corporation PLC: Net Revenue, 2021-2023 ($Million)
Figure 57. Eaton Corporation PLC: Research & Development Expenditure, 2021-2023 ($Million)
Figure 58. Eaton Corporation PLC: Revenue Share by Segment, 2023 (%)
Figure 59. Eaton Corporation PLC: Revenue Share by Region, 2023 (%)
Figure 60. Mitsubishi Electric Corporation: Net Revenue, 2021-2023 ($Million)
Figure 61. Mitsubishi Electric Corporation: Research & Development Expenditure, 2021-2023 ($Million)
Figure 62. Mitsubishi Electric Corporation: Revenue Share by Segment, 2023 (%)
Figure 63. Mitsubishi Electric Corporation: Revenue Share by Region, 2023 (%)
Figure 64. ABB Ltd.: Net Revenue, 2021-2023 ($Million)
Figure 65. ABB Ltd.: Revenue Share by Segment, 2023 (%)
Figure 66. ABB Ltd.: Revenue Share by Region, 2023 (%)
Figure 67. Nextera Energy, Inc.: Net Revenue, 2021-2023 ($Million)
Figure 68. Nextera Energy, Inc.: Revenue Share by Segment, 2023 (%)
Figure 69. General Electric Company: Net Revenue, 2021-2023 ($Million)
Figure 70. General Electric Company: Research & Development Expenditure, 2021-2023 ($Million)
Figure 71. General Electric Company: Revenue Share by Segment, 2023 (%)
Figure 72. General Electric Company: Revenue Share by Region, 2023 (%)
Figure 73. National Grid: Net Revenue, 2022-2024 ($Million)
Figure 74. National Grid: Revenue Share by Segment, 2024 (%)
Figure 75. Itron Inc.: Net Revenue, 2021-2023 ($Million)
Figure 76. Itron Inc.: Revenue Share by Segment, 2023 (%)
Figure 77. Itron Inc.: Revenue Share by Region, 2023 (%)

Companies Mentioned

  • Schneider Electric SE
  • Siemens AG
  • Mitsubishi Electric Corporation
  • NextEra Energy, Inc
  • National Grid
  • ABB Ltd.
  • Itron Inc.
  • Eaton Corporation PLC
  • General Electric Company
  • Toshiba Corporation

Methodology

The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.

They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.

They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:

  • Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
  • Scientific and technical writings for product information and related preemptions
  • Regional government and statistical databases for macro analysis
  • Authentic news articles and other related releases for market evaluation
  • Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast

Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.

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Table Information

Report AttributeDetails
No. of Pages289
PublishedJanuary 2025
Forecast Period2023 - 2033
Estimated Market Value ( USD ) in 2023 $ 251.9 billion
Forecasted Market Value ( USD ) by 2033 $ 413.1 billion
Compound Annual Growth Rate5.1%
Regions CoveredGlobal
No. of Companies Mentioned10

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