Smart Grid

Smart Grid
Global Smart Grid Market to Reach $173 Billion by 2030
The global market for Smart Grid estimated at US$49.8 Billion in the year 2022, is projected to reach a revised size of US$173 Billion by 2030, growing at a CAGR of 16.8% over the period 2022-2030. Software, one of the segments analyzed in the report, is projected to record 18.4% CAGR and reach US$80 Billion by the end of the analysis period. Growth in the Hardware segment is estimated at 14.8% CAGR for the next 8-year period.

The U.S. Market is Estimated at $17 Billion, While China is Forecast to Grow at 19.4% CAGR
The Smart Grid market in the U.S. is estimated at US$17 Billion in the year 2022. China, the world`s second largest economy, is forecast to reach a projected market size of US$22.5 Billion by the year 2030 trailing a CAGR of 19.4% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 13.8% and 15.3% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 16.8% CAGR.Select Competitors (Total 275 Featured) - ABB Ltd. Aclara Technologies LLC ALE International SAS Amplex Denmark ApS AutoGrid Systems, Inc. Black & Veatch Holding Company China Southern Power Grid (CSG) Cisco Systems, Inc. Connected Energy CyanConnode Holdings Datamatic, Inc. Diehl Metering GmbH Digi International Inc. Eaton Corporation plc Enel Spa Enel X S.r.l. Energy Exemplar Pty Ltd Fuji Electric Co., Ltd. GE Grid Solutions GridPoint, Inc. Hitachi Energy Ltd. Holley Technology Ltd. Honeywell International Inc. Infosys Limited Ingenu Inc. Integral Analytics, Inc. Iskraemeco Group Itron Inc. Jiangsu Linyang Energy Co., Ltd. Kamstrup A/S L&T Technology Services Limited Landis+Gyr AG Lockheed Martin Corporation Mitsubishi Electric Corporation Networked Energy Services Corporation Nexgrid, LLC. Nortex Technologies Power Plus Communications AG S&C Electric Company Schneider Electric SE Schweitzer Engineering Laboratories, Inc. Sensus, a Xylem Brand Siemens AG Silicon Laboratories, Inc. Sumitomo Electric Industries, Ltd. Tantalus Systems Corp. Trilliant Holdings, Inc. Wasion International Yitran Technologies LTD.Please note: Reports are sold as single-site single-user licenses. Electronic versions require 24-48 hours as each copy is customized to the client with digital controls and custom watermarks. The Publisher uses digital controls protecting against copying and printing is restricted to one full copy to be used at the same location.

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