조사회사 : MarketsandMarkets (마켓츠앤마켓츠) 출판년월 : 2024년07월
Smart Grid Market – Global Forecast To 2029
스마트 그리드 시장 : 구성 요소(소프트웨어, 하드웨어, 서비스), 용도(발전, 전송, 전달, 소비), 통신 기술(유선, 무선), 지역(북미, 유럽, APAC, ROW) – 2029년까지의 세계 예측
Smart Grid Market by Component (Software, Hardware, Services), Application (Generation, Transmission, Distribution, Consumption), Communication Technology (Wireline, Wireless), & Region(North America, Europe, APAC, ROW) – Global Forecast to 2029
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Report Overview
The smart grid market is estimated to grow from USD 185.0 billion by 2029 from an estimated USD 71.8 billion in 2024, at a CAGR of 20.8% during the forecast period.
스마트 그리드 시장은 예측 기간 동안 CAGR 20.8%로 2024년 추정 718억 달러에서 2029년까지 1,850억 달러로 성장할 것으로 추정됩니다.
Innovation in technology and a rise in smart grid installations are two main drivers of the smart grid industry’s expansion. These days, smart grid are more and more common in the grid market because of their reliability, and efficient outage response. The smart grid market is expected to grow because of the focus on modernization of aging grid infrastructure .
“Software segment is the largest segment of the smart grid market, by component”
Based on component, the smart grid market has been split into three types: software, hardware, and services. The increase in intelligent utility grids installations and the world’s transition to reduce unplanned downtime and production cost are driving growth in the smart grid market’s software segment. Grid Operators are encouraged to invest in smart grid systems by government ensure effective management of smart grid operations, improve process efficiency, and reduce energy production costs.
“Transmission is expected to emerge as the fastest-growing segment based on application segment”
Based on application, the smart grid market has been segmented into generation,transmission, Distribution and consumption . The smart grid market’s transmission segment is expanding at the fastest pace because it is in line with the changing energy landscape. An efficient automated transmission network can carry energy from bulk generation facilities to power distribution systems when required. Transmission of power from the generating station to the distribution system has appropriate communication interfaces with the effective participation of the system operator.
“Europe is expected to emerge as the Second largest region based on Smart grid market”
By region, the smart grid market has been segmented into Asia Pacific, North America, South America, Europe, and Middle East & Africa. In the region, the smart grid market is expanding in Europe because of the region’s rapid economic expansion, growing industrialization, and strong emphasis on the efficient energy utilization. With their aggressive clean energy goals, nations like UK, Germany, and France are driving the market and creating demand for Smart grid for their grid projects. The region’s supremacy is a result of rapid urbanization, rising electrification, and government measures encouraging sustainable technologies. Demand for smart grid installations is also fueled by Europe’s expanding energy class. The region is positioned as a key player in the global smart grid market thanks to its aggressive dedication to energy solutions.
“Wireline is expected to be the largest segment based on communication technology”
The wireline is the largest segment in the market as it is comparatively cost efficient and this type of transmission is less prone to third-party intrusions and interruptions. Wireline communication, encompassing fiber optic, Ethernet, and powerline carriers, dominates smart grid communication technology due to its high performance, reliability, and extensive coverage. Fiber optic technology, favored for distribution automation and substation use, supports high bandwidth and speeds up to 10 Gbps with single wavelength and up to 1,600 Gbps using WDM, making it the largest segment in the market.
Breakdown of Primaries:
In-depth interviews have been conducted with various key industry participants, subject-matter experts, C-level executives of key market players, and industry consultants, among other experts, to obtain and verify critical qualitative and quantitative information, as well as to assess future market prospects. The distribution of primary interviews is as follows:
- By Company Type: Tier 1- 45%, Tier 2- 30%, and Tier 3- 25%
- By Designation: C-Level- 35%, Director Levels- 25%, and Others- 40%
- By Region: North America- 27%, Europe- 20%, Asia Pacific- 33%, the Middle East & Africa- 12%, and South America- 8%
Note: Others include product engineers, product specialists, and engineering leads.
Note: The tiers of the companies are defined on the basis of their total revenues as of 2021. Tier 1: > USD 1 billion, Tier 2: From USD 500 million to USD 1 billion, and Tier 3: < USD 500 million
The smart grid market is dominated by a few major players that have a wide regional presence. The leading players in the smart grid market are General Electric Company (US), ABB (Switzerland), Siemens (Germany), Schneider Electric (France), and Itron (US)
Research Coverage:
The report defines, describes, and forecasts the smart grid market, by component, application, communication technology, and region. It also offers a detailed qualitative and quantitative analysis of the market. The report provides a comprehensive review of the major market drivers, restraints, opportunities, and challenges. It also covers various important aspects of the market. These include an analysis of the competitive landscape, market dynamics, market estimates, in terms of value, and future trends in the smart grid market.
Key Benefits of Buying the Report
- Increasing investments in smart energy sector and rising number of Improved grid reliability and efficient outage response attributed.
- Product Development/ Innovation: The trends such as ERT Meter Reading, Power Line Carrier (PLC) Migration and real time monitoring.
- Market Development: The global scenario of smart grid has developed due to a global shift towards sustainable energy solutions, increased adoption of renewable sources like solar and wind power, technological advancements enhancing efficiency, and the growing demand for electric vehicles. These factors collectively propel innovation, creating a dynamic landscape for inverter technologies to meet evolving energy demands.
- Market Diversification: Market diversification in the smart grid market is a response to varied energy needs across industries and regions. As renewable energy adoption expands, diverse applications emerge, from power station to utility-scale projects. Smart grid manufacturers diversify their product offerings to cater to the specific requirements of different sectors, fostering market growth and resilience.
- Competitive Assessment: In-depth assessment of market shares, growth strategies, and service offerings of leading players like General Electric Company (US), ABB (Switzerland), Siemens (Germany), Schneider Electric (France), and Itron (US)among others in the Inverter market.
Table of Contents
1 INTRODUCTION 32
1.1 STUDY OBJECTIVES 32
1.2 MARKET DEFINITION 32
1.3 STUDY SCOPE 33
1.3.1 MARKETS COVERED 33
1.3.2 INCLUSIONS AND EXCLUSIONS 33
1.3.3 REGIONAL SCOPE 35
1.3.4 YEARS CONSIDERED 35
1.4 CURRENCY CONSIDERED 35
1.5 UNITS CONSIDERED 36
1.6 LIMITATIONS 36
1.7 STAKEHOLDERS 36
1.8 SUMMARY OF CHANGES 36
1.9 RECESSION IMPACT 37
2 RESEARCH METHODOLOGY 38
2.1 RESEARCH APPROACH 38
2.2 DATA TRIANGULATION 40
2.3 PRIMARY AND SECONDARY RESEARCH 41
2.3.1 SECONDARY DATA 41
2.3.1.1 Key data from secondary sources 41
2.3.1.2 List of key secondary sources 41
2.3.2 PRIMARY DATA 42
2.3.2.1 Key data from primary sources 42
2.3.2.2 Key industry insights 43
2.3.2.3 List of major primary interview participants 43
2.3.2.4 Breakdown of primaries 44
2.4 MARKET SIZE ESTIMATION 45
2.4.1 BOTTOM-UP APPROACH 45
2.4.2 TOP-DOWN APPROACH 46
2.4.3 DEMAND-SIDE ANALYSIS 47
2.4.3.1 Regional analysis 47
2.4.3.2 Country-level analysis 48
2.4.3.3 Assumptions for demand-side analysis 48
2.4.3.4 Calculations for demand-side analysis 48
2.4.4 SUPPLY-SIDE ANALYSIS 49
2.4.4.1 Assumptions for supply-side analysis 50
2.4.4.2 Calculations for supply-side analysis 50
2.4.5 FORECAST 50
2.5 RISK ANALYSIS 50
2.6 RESEARCH ASSUMPTIONS 51
2.7 RESEARCH LIMITATIONS 51
2.8 IMPACT OF RECESSION 51
3 EXECUTIVE SUMMARY 52
4 PREMIUM INSIGHTS 55
4.1 ATTRACTIVE OPPORTUNITIES FOR PLAYERS IN SMART GRID MARKET 55
4.2 SMART GRID MARKET, BY REGION 56
4.3 SMART GRID MARKET IN NORTH AMERICA, BY COMMUNICATION TECHNOLOGY AND COUNTRY 57
4.4 SMART GRID MARKET, BY OFFERING 57
4.5 SMART GRID MARKET, BY COMMUNICATION TECHNOLOGY TYPE 58
4.6 SMART GRID MARKET, BY END-USE APPLICATION 58
5 MARKET OVERVIEW 59
5.1 INTRODUCTION 59
5.2 MARKET DYNAMICS 59
5.2.1 DRIVERS 60
5.2.1.1 Growing government-led initiatives to deploy smart grids 60
5.2.1.2 Rising use of renewable sources in power generation 62
5.2.1.3 Growing utilization of advanced technology for tracking and mitigating greenhouse gas emissions 63
5.2.1.4 Increasing emphasis on modernization of aging grid infrastructure 64
5.2.1.5 Presence of traditional business models in utilities sector 65
5.2.2 RESTRAINTS 65
5.2.2.1 High installation cost of smart grids 65
5.2.2.2 Low awareness of protocols and interoperability standards 65
5.2.3 OPPORTUNITIES 66
5.2.3.1 Growing focus on smart city projects in developing countries 66
5.2.3.2 Rising demand for plug-in electric vehicles 67
5.2.3.3 Increasing adoption of cloud-based systems 67
5.2.4 CHALLENGES 68
5.2.4.1 Generation of complex data 68
5.2.4.2 Vulnerability to cyber threats 68
5.2.4.3 Delayed return on investment 69
5.3 TRENDS/DISRUPTIONS IMPACTING CUSTOMERS’ BUSINESSES 69
5.4 VALUE CHAIN ANALYSIS 70
5.5 ECOSYSTEM ANALYSIS 71
5.6 CASE STUDY ANALYSIS 72
5.6.1 EATON ASSISTED FLORIAN HOTEL WITH BUILDINGS AS GRID THAT ENHANCED ENERGY RESILIENCE 72
5.6.2 EQUS COLLABORATED WITH SCHNEIDER ELECTRIC TO IMPLEMENT SMART GRID SOLUTION THAT OFFERED ENHANCED GRID TRANSPARENCY AND IMPROVED OUTAGE RESPONSE TIMES 73
5.6.3 WIPRO ASSISTED PUBLIC UTILITY COMPANY IMPLEMENT ANALYTICS SOLUTIONS THAT EASED ASSET CONDITIONING MONITORING AND IMPROVED CUSTOMER SERVICES 73
5.7 INVESTMENT AND FUNDING SCENARIO 74
5.8 TRENDS IN DIGITALIZATION 74
5.8.1 ELECTRIFICATION AND DIGITALIZATION 74
5.8.2 AI AND SMART GRID TECHNOLOGY PENETRATION 75
5.8.3 ENERGY AS A SERVICE (EAAS) 76
5.8.4 DISTRIBUTION SYSTEM DIGITALIZATION 76
5.9 TECHNOLOGY ANALYSIS 77
5.9.1 KEY TECHNOLOGIES 77
5.9.1.1 AI 77
5.9.1.2 Blockchain 78
5.9.2 ADJACENT TECHNOLOGIES 78
5.9.2.1 Distributed energy resource management systems 78
5.10 TRADE ANALYSIS 79
5.10.1 EXPORT DATA (HS CODE 902830) 79
5.10.2 IMPORT DATA (HS CODE 902830) 80
5.11 PATENT ANALYSIS 82
5.12 KEY CONFERENCES AND EVENTS, 2024–2025 86
5.13 PRICING ANALYSIS 87
5.13.1 AVERAGE SELLING PRICE TREND, BY REGION 87
5.13.2 INDICATIVE PRICING TREND OF HARDWARE OFFERINGS 88
5.14 TARIFF AND REGULATORY LANDSCAPE 88
5.14.1 TARIFF ANALYSIS 88
5.14.2 REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 89
5.14.3 CODES AND REGULATIONS 92
5.15 PORTER’S FIVE FORCES ANALYSIS 93
5.15.1 THREAT OF NEW ENTRANTS 94
5.15.2 BARGAINING POWER OF SUPPLIERS 94
5.15.3 BARGAINING POWER OF BUYERS 94
5.15.4 THREAT OF SUBSTITUTES 94
5.15.5 INTENSITY OF COMPETITIVE RIVALRY 94
5.16 KEY STAKEHOLDERS AND BUYING CRITERIA 95
5.16.1 KEY STAKEHOLDERS IN BUYING PROCESS 95
5.16.2 BUYING CRITERIA 96
6 SMART GRID MARKET, BY OFFERING 97
6.1 INTRODUCTION 98
6.2 SOFTWARE 99
6.2.1 ADVANCED METERING INFRASTRUCTURE SYSTEMS 101
6.2.1.1 Growing focus on reducing carbon footprints to boost demand 101
6.2.2 SMART GRID DISTRIBUTION MANAGEMENT SYSTEMS 102
6.2.2.1 Rising establishment of distributed renewable power generation plants to drive market 102
6.2.3 SMART GRID NETWORK MANAGEMENT SYSTEMS 104
6.2.3.1 Ability to offer IP-based communication networks to fuel market growth 104
6.2.4 GRID ASSET MANAGEMENT SYSTEMS 105
6.2.4.1 Rising demand to store real-time data for continuous asset monitoring to drive market 105
6.2.5 SUBSTATION AUTOMATION SYSTEMS 106
6.2.5.1 Pressing need to prevent power blackouts to drive market 106
6.2.6 SMART GRID SECURITY SYSTEMS 107
6.2.6.1 Increasing cyberattacks in smart grids to boost demand 107
6.2.7 BILLING AND CUSTOMER INFORMATION SYSTEMS 108
6.2.7.1 Growing importance of customer relationship management processes to accelerate demand 108
6.3 HARDWARE 109
6.3.1 SMART METERS 111
6.3.1.1 Increasing focus on energy conservation to fuel market growth 111
6.3.2 SENSORS 113
6.3.2.1 Integration of advanced intelligence in smart sensors to offer lucrative opportunities 113
6.3.3 PROGRAMMABLE LOGIC CONTROLLERS 114
6.3.3.1 Rising demand for advanced automation solutions in smart grid networks to drive market 114
6.3.4 OTHERS 115
6.4 SERVICES 116
6.4.1 CONSULTING 117
6.4.1.1 Increasing demand for dynamic analysis of products to drive market 117
6.4.2 DEPLOYMENT AND INTEGRATION 118
6.4.2.1 Rising need to simplify complexities and scale smart grid systems to boost demand 118
6.4.3 SUPPORT AND MAINTENANCE 119
6.4.3.1 Growing focus on monitoring hardware and software operations to drive market 119
7 SMART GRID MARKET, BY END-USE APPLICATION 121
7.1 INTRODUCTION 122
7.2 GENERATION 123
7.2.1 RISING DEMAND FOR REAL-TIME DATA ANALYTICS AND ADVANCED MONITORING SYSTEMS TO BOOST DEMAND 123
7.3 TRANSMISSION 124
7.3.1 INCREASING ADVANCEMENTS IN AUTOMATION AND COMMUNICATION TECHNOLOGIES TO FUEL MARKET GROWTH 124
7.4 DISTRIBUTION 125
7.4.1 INTEGRATION WITH SMART METERS AND ADVANCED SENSORS TO ACCELERATE DEMAND 125
7.5 CONSUMPTION 126
7.5.1 INCREASING ADOPTION OF EVS AND SMART HOME APPLIANCES TO FOSTER MARKET GROWTH 126
8 SMART GRID MARKET, BY COMMUNICATION TECHNOLOGY 127
8.1 INTRODUCTION 128
8.2 WIRELINE 129
8.2.1 ABILITY TO WITHSTAND HIGH-VOLTAGE ENVIRONMENTS TO BOOST DEMAND 129
8.3 WIRELESS 130
8.3.1 ONGOING ADVANCEMENTS IN 5G TECHNOLOGY TO DRIVE MARKET 130
9 SMART GRID MARKET, BY REGION 132
9.1 INTRODUCTION 133
9.2 NORTH AMERICA 135
9.2.1 RECESSION IMPACT ON SMART GRID MARKET IN NORTH AMERICA 135
9.2.2 US 141
9.2.2.1 Government-led initiatives to enhance grid infrastructure to drive market 141
9.2.3 CANADA 144
9.2.3.1 Rising emphasis on sustainable and net-zero economy to boost demand 144
9.2.4 MEXICO 147
9.2.4.1 Increasing deployment of advanced metering infrastructure to accelerate demand 147
9.3 EUROPE 150
9.3.1 RECESSION IMPACT ON SMART GRID MARKET IN EUROPE 150
9.3.2 GERMANY 155
9.3.2.1 Rising emphasis on modernizing power infrastructure to fuel market growth 155
9.3.3 UK 158
9.3.3.1 Government-led initiatives to deploy smart meters to drive market 158
9.3.4 FRANCE 161
9.3.4.1 Increasing focus on integrating renewable energy into power sector to accelerate demand 161
9.3.5 ITALY 164
9.3.5.1 Growing focus on upgrading existing smart grid infrastructure to fuel market growth 164
9.3.6 RUSSIA 167
9.3.6.1 Growing importance of railway substation automation to accelerate demand 167
9.3.7 SPAIN 169
9.3.7.1 Rising emphasis on developing flexible and adaptive grid systems to offer lucrative growth opportunities 169
9.3.8 REST OF EUROPE 172
9.4 ASIA PACIFIC 175
9.4.1 RECESSION IMPACT ON SMART GRID MARKET IN ASIA PACIFIC 175
9.4.2 CHINA 181
9.4.2.1 Increasing deployment of solar PV systems to boost demand 181
9.4.3 JAPAN 184
9.4.3.1 Growing need to create sustainable urban energy model to fuel market growth 184
9.4.4 SOUTH KOREA 187
9.4.4.1 Rising emphasis on developing EV charging infrastructure to drive market 187
9.4.5 INDIA 190
9.4.5.1 Increasing integration of AI and ML in smart grid for predictive maintenance to fuel market growth 190
9.4.6 AUSTRALIA 193
9.4.6.1 Growing need to reduce energy losses in electric utilities to drive market 193
9.4.7 REST OF ASIA PACIFIC 196
9.5 MIDDLE EAST & AFRICA 199
9.5.1 RECESSION IMPACT ON SMART GRID MARKET IN MIDDLE EAST & AFRICA 200
9.5.2 GCC 205
9.5.2.1 Saudi Arabia 208
9.5.2.1.1 Rising focus on developing advanced transmission systems to boost demand 208
9.5.2.2 UAE 211
9.5.2.2.1 Increasing government-led investments in clean and renewable energy projects to fuel market growth 211
9.5.2.3 QATAR 214
9.5.2.3.1 Increasing initiatives to promote energy conservation and reduce carbon emissions to accelerate demand 214
9.5.2.4 Rest of GCC 217
9.5.3 SOUTH AFRICA 220
9.5.3.1 Rising integration of renewable energy sources into smart grids to boost demand 220
9.5.4 IRAN 223
9.5.4.1 Increasing initiatives to deploy smart meters in residential, commercial, and industrial sectors to support market growth 223
9.5.5 REST OF MIDDLE EAST & AFRICA 226
9.6 SOUTH AMERICA 229
9.6.1 RECESSION IMPACT ON SMART GRID MARKET IN SOUTH AMERICA 230
9.6.2 BRAZIL 234
9.6.2.1 Surging deployment of solar units to drive market 234
9.6.3 ARGENTINA 237
9.6.3.1 Rising need to improve supply of electric energy to boost demand 237
9.6.4 COLOMBIA 240
9.6.4.1 Increasing participation of private sector to innovate smart grid infrastructure to boost demand 240
9.6.5 REST OF SOUTH AMERICA 243
10 COMPETITIVE LANDSCAPE 247
10.1 OVERVIEW 247
10.2 KEY PLAYER STRATEGIES/RIGHT TO WIN, 2022–2024 247
10.3 MARKET SHARE ANALYSIS, 2023 249
10.4 REVENUE ANALYSIS, 2019–2023 251
10.5 COMPANY EVALUATION MATRIX: KEY PLAYERS, 2023 252
10.5.1 STARS 252
10.5.2 EMERGING LEADERS 252
10.5.3 PERVASIVE PLAYERS 252
10.5.4 PARTICIPANTS 252
10.5.5 COMPANY FOOTPRINT: KEY PLAYERS, 2023 254
10.5.5.1 Company footprint 254
10.5.5.2 Offering footprint 255
10.5.5.3 End-use application footprint 256
10.5.5.4 Communication technology footprint 257
10.5.5.5 Region footprint 258
10.6 COMPANY EVALUATION MATRIX: STARTUPS/SMES, 2023 259
10.6.1 PROGRESSIVE COMPANIES 259
10.6.2 RESPONSIVE COMPANIES 259
10.6.3 DYNAMIC COMPANIES 259
10.6.4 STARTING BLOCKS 259
10.6.5 COMPETITIVE BENCHMARKING: STARTUPS/SMES, 2023 261
10.6.5.1 Detailed list of key startups/SMEs 261
10.6.5.2 Competitive benchmarking of key startups/SMEs 261
10.7 COMPANY VALUATION AND FINANCIAL METRICS 262
10.8 BRAND/PRODUCT COMPARISON 263
10.9 COMPETITIVE SCENARIO AND TRENDS 264
10.9.1 PRODUCT LAUNCHES 264
10.9.2 DEALS 265
10.9.3 EXPANSIONS 266
10.9.4 OTHERS 266
11 COMPANY PROFILES 267
11.1 KEY PLAYERS 267
11.1.1 ABB 267
11.1.1.1 Business overview 267
11.1.1.2 Products/Services/Solutions offered 268
11.1.1.3 Recent developments 269
11.1.1.3.1 Deals 269
11.1.1.3.2 Others 270
11.1.1.4 MnM view 270
11.1.1.4.1 Key strengths/Right to win 270
11.1.1.4.2 Strategic choices 271
11.1.1.4.3 Weaknesses/Competitive threats 271
11.1.2 SIEMENS 272
11.1.2.1 Business overview 272
11.1.2.2 Products/Services/Solutions offered 273
11.1.2.3 Recent developments 274
11.1.2.3.1 Product launches 274
11.1.2.3.2 Deals 275
11.1.2.3.3 Expansions 275
11.1.2.4 MnM view 276
11.1.2.4.1 Key strengths/Right to win 276
11.1.2.4.2 Strategic choices 276
11.1.2.4.3 Weaknesses/Competitive threats 276
11.1.3 SCHNEIDER ELECTRIC 277
11.1.3.1 Business overview 277
11.1.3.2 Products/Services/Solutions offered 278
11.1.3.3 Recent developments 279
11.1.3.3.1 Product launches 279
11.1.3.4 MnM view 279
11.1.3.4.1 Key strengths/Right to win 279
11.1.3.4.2 Strategic choices 280
11.1.3.4.3 Weaknesses/Competitive threats 280
11.1.4 ITRON INC. 281
11.1.4.1 Business overview 281
11.1.4.2 Products/Services/Solutions offered 282
11.1.4.3 Recent developments 283
11.1.4.3.1 Product launches 283
11.1.4.4 MnM view 283
11.1.4.4.1 Key strengths/Right to win 283
11.1.4.4.2 Strategic choices 283
11.1.4.4.3 Weaknesses/Competitive threats 284
11.1.5 GE VERNOVA 285
11.1.5.1 Business overview 285
11.1.5.2 Products/Services/Solutions offered 286
11.1.5.3 Recent developments 287
11.1.5.3.1 Product launches 287
11.1.5.3.2 Deals 287
11.1.5.3.3 Others 288
11.1.5.4 MnM view 289
11.1.5.4.1 Key strategies/Right to win 289
11.1.5.4.2 Strategic choices 289
11.1.5.4.3 Weaknesses/Competitive threats 289
11.1.6 CISCO SYSTEMS, INC. 290
11.1.6.1 Business overview 290
11.1.6.2 Products/Services/Solutions offered 291
11.1.6.3 Recent developments 292
11.1.6.3.1 Product launches 292
11.1.7 ORACLE 293
11.1.7.1 Business overview 293
11.1.7.2 Products/Services/Solutions offered 294
11.1.7.3 Recent developments 295
11.1.7.3.1 Product launches 295
11.1.7.3.2 Deals 295
11.1.7.3.3 Others 296
11.1.8 HONEYWELL INTERNATIONAL INC. 297
11.1.8.1 Business overview 297
11.1.8.2 Products/Services/Solutions offered 298
11.1.8.3 Recent developments 299
11.1.8.3.1 Product launches 299
11.1.8.3.2 Deals 299
11.1.9 EATON 300
11.1.9.1 Business overview 300
11.1.9.2 Products/Services/Solutions offered 301
11.1.9.3 Recent developments 302
11.1.9.3.1 Product launches 302
11.1.10 TECH MAHINDRA LIMITED 303
11.1.10.1 Business overview 303
11.1.10.2 Products/Services/Solutions offered 304
11.1.11 TANTALUS 305
11.1.11.1 Business overview 305
11.1.11.2 Products/Services/Solutions offered 306
11.1.11.3 Recent developments 307
11.1.11.3.1 Product launches 307
11.1.11.3.2 Deals 307
11.1.11.3.3 Others 308
11.1.12 MITSUBISHI ELECTRIC CORPORATION 309
11.1.12.1 Business overview 309
11.1.12.2 Products/Services/Solutions offered 310
11.1.12.3 Recent developments 311
11.1.12.3.1 Deals 311
11.1.13 WIPRO 312
11.1.13.1 Business overview 312
11.1.13.2 Products/Services/Solutions offered 313
11.1.13.3 Recent developments 314
11.1.13.3.1 Deals 314
11.1.14 TRILLIANT HOLDINGS INC. 315
11.1.14.1 Business overview 315
11.1.14.2 Products/Services/Solutions offered 315
11.1.14.3 Recent developments 316
11.1.14.3.1 Deals 316
11.1.15 KAMSTRUP 317
11.1.15.1 Business overview 317
11.1.15.2 Products/Services/Solutions offered 317
11.1.15.3 Recent developments 318
11.1.15.3.1 Others 318
11.1.16 XYLEM 319
11.1.16.1 Business overview 319
11.1.16.2 Products/Services/Solutions offered 320
11.1.16.3 Recent developments 321
11.1.16.3.1 Product launches 321
11.1.16.3.2 Others 321
11.2 OTHER PLAYERS 322
11.2.1 ENEL X S.R.L. 322
11.2.2 ESMART SYSTEMS 323
11.2.3 GRID4C 323
11.2.4 NETWORKED ENERGY SERVICES 324
11.2.5 HITACHI ENERGY LTD. 324
11.2.6 LANDIS+GYR 325
11.2.7 SAGEMCOM 326
11.2.8 S&C ELECTRIC COMPANY 327
11.2.9 EDMI LIMITED 328
12 APPENDIX 329
12.1 INSIGHTS FROM INDUSTRY EXPERTS 329
12.2 DISCUSSION GUIDE 330
12.3 KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL 335
12.4 CUSTOMIZATION OPTIONS 337
12.5 RELATED REPORTS 337
12.6 AUTHOR DETAILS 338
LIST OF TABLES
TABLE 1 OFFERING: INCLUSIONS AND EXCLUSIONS 33
TABLE 2 COMMUNICATION TECHNOLOGY: INCLUSIONS AND EXCLUSIONS 34
TABLE 3 END-USE APPLICATION: INCLUSIONS AND EXCLUSIONS 34
TABLE 4 REGION: INCLUSIONS AND EXCLUSIONS 34
TABLE 5 SMART GRID MARKET SNAPSHOT 52
TABLE 6 LIST OF FUNDED SMART GRID PROGRAMS, 2023 61
TABLE 7 GLOBAL DATA ON ELECTRICITY USAGE BY DATA CENTERS, 2020–2029 64
TABLE 8 ROLES OF COMPANIES IN SMART GRID ECOSYSTEM 71
TABLE 9 FUNDING DETAIL OF TOP PLAYERS, 2022–2023 74
TABLE 10 EXPORT DATA FOR HS CODE 902830-COMPLIANT PRODUCTS, BY COUNTRY, 2021–2023 (USD THOUSAND) 79
TABLE 11 IMPORT DATA FOR HS CODE 902830-COMPLIANT PRODUCTS, BY COUNTRY, 2021–2023 (USD THOUSAND) 80
TABLE 12 LIST OF APPLIED/GRANTED PATENTS RELATED TO SMART GRIDS, 2021–2024 83
TABLE 13 SMART GRID MARKET: LIST OF CONFERENCES AND EVENTS 86
TABLE 14 AVERAGE SELLING PRICE TREND OF HARDWARE OFFERINGS, BY REGION,
2021–2023 (USD/UNIT) 87
TABLE 15 INDICATIVE PRICING TREND OF HARDWARE OFFERINGS, 2021–2023 88
TABLE 16 IMPORT TARIFF FOR HS CODE 902830-COMPLIANT PRODUCTS, 2023 88
TABLE 17 NORTH AMERICA: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES,
AND OTHER ORGANIZATIONS 89
TABLE 18 EUROPE: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES,
AND OTHER ORGANIZATIONS 90
TABLE 19 ASIA PACIFIC: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES,
AND OTHER ORGANIZATIONS 90
TABLE 20 MIDDLE EAST & AFRICA: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 91
TABLE 21 SOUTH AMERICA: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES,
AND OTHER ORGANIZATIONS 91
TABLE 22 GLOBAL CODES AND REGULATIONS RELATED TO SMART GRIDS 92
TABLE 23 SMART GRID MARKET: PORTER’S FIVE FORCES ANALYSIS 93
TABLE 24 INFLUENCE OF KEY STAKEHOLDERS ON BUYING PROCESS, BY END-USE APPLICATION (%) 95
TABLE 25 KEY BUYING CRITERIA, BY END-USE APPLICATION 96
TABLE 26 SMART GRID MARKET, BY OFFERING, 2021–2023 (USD MILLION) 99
TABLE 27 SMART GRID MARKET, BY OFFERING, 2024–2029 (USD MILLION) 99
TABLE 28 SOFTWARE: SMART GRID MARKET, BY TYPE, 2021–2023 (USD MILLION) 100
TABLE 29 SOFTWARE: SMART GRID MARKET, BY TYPE, 2024–2029 (USD MILLION) 100
TABLE 30 SOFTWARE: SMART GRID MARKET, BY REGION, 2021–2023 (USD MILLION) 101
TABLE 31 SOFTWARE: SMART GRID MARKET, BY REGION, 2024–2029 (USD MILLION) 101
TABLE 32 ADVANCED METERING INFRASTRUCTURE SYSTEMS: SMART GRID MARKET,
BY REGION, 2021–2023 (USD MILLION) 102
TABLE 33 ADVANCED METERING INFRASTRUCTURE SYSTEMS: SMART GRID MARKET,
BY REGION, 2024–2029 (USD MILLION) 102
TABLE 34 SMART GRID DISTRIBUTION MANAGEMENT SYSTEMS: SMART GRID MARKET,
BY REGION, 2021–2023 (USD MILLION) 103
TABLE 35 SMART GRID DISTRIBUTION MANAGEMENT SYSTEMS: SMART GRID MARKET,
BY REGION, 2024–2029 (USD MILLION) 103
TABLE 36 SMART GRID NETWORK MANAGEMENT SYSTEMS: SMART GRID MARKET,
BY REGION, 2021–2023 (USD MILLION) 104
TABLE 37 SMART GRID NETWORK MANAGEMENT SYSTEMS: SMART GRID MARKET,
BY REGION, 2024–2029 (USD MILLION) 104
TABLE 38 GRID ASSET MANAGEMENT SYSTEMS: SMART GRID MARKET, BY REGION,
2021–2023 (USD MILLION) 105
TABLE 39 GRID ASSET MANAGEMENT SYSTEMS: SMART GRID MARKET, BY REGION,
2024–2029 (USD MILLION) 105
TABLE 40 SUBSTATION AUTOMATION SYSTEMS: SMART GRID MARKET, BY REGION,
2021–2023 (USD MILLION) 106
TABLE 41 SUBSTATION AUTOMATION SYSTEMS: SMART GRID MARKET, BY REGION,
2024–2029 (USD MILLION) 107
TABLE 42 SMART GRID SECURITY SYSTEMS: SMART GRID MARKET, BY REGION,
2021–2023 (USD MILLION) 107
TABLE 43 SMART GRID SECURITY SYSTEMS: SMART GRID MARKET, BY REGION,
2024–2029 (USD MILLION) 108
TABLE 44 BILLING AND CUSTOMER INFORMATION SYSTEMS: SMART GRID MARKET,
BY REGION, 2021–2023 (USD MILLION) 108
TABLE 45 BILLING AND CUSTOMER INFORMATION SYSTEMS: SMART GRID MARKET,
BY REGION, 2024–2029 (USD MILLION) 109
TABLE 46 HARDWARE: SMART GRID MARKET, BY TYPE, 2021–2023 (USD MILLION) 110
TABLE 47 HARDWARE: SMART GRID MARKET, BY TYPE, 2024–2029 (USD MILLION) 110
TABLE 48 HARDWARE: SMART GRID MARKET, BY REGION, 2021–2023 (USD MILLION) 110
TABLE 49 HARDWARE: SMART GRID MARKET, BY REGION, 2024–2029 (USD MILLION) 111
TABLE 50 SMART METERS: SMART GRID MARKET, BY REGION, 2021–2023 (USD MILLION) 111
TABLE 51 SMART METERS: SMART GRID MARKET, BY REGION, 2024–2029 (USD MILLION) 112
TABLE 52 SMART METERS: SMART GRID MARKET, BY REGION,
2021–2023 (THOUSAND UNITS) 112
TABLE 53 SMART METERS: SMART GRID MARKET, BY REGION,
2024–2029 (THOUSAND UNITS) 112
TABLE 54 SENSORS: SMART GRID MARKET, BY REGION, 2021–2023 (USD MILLION) 113
TABLE 55 SENSORS: SMART GRID MARKET, BY REGION, 2024–2029 (USD MILLION) 113
TABLE 56 PROGRAMMABLE LOGIC CONTROLLERS: SMART GRID MARKET, BY REGION, 2021–2023 (USD MILLION) 114
TABLE 57 PROGRAMMABLE LOGIC CONTROLLERS: SMART GRID MARKET, BY REGION, 2024–2029 (USD MILLION) 114
TABLE 58 OTHERS: SMART GRID MARKET, BY REGION, 2021–2023 (USD MILLION) 115
TABLE 59 OTHERS: SMART GRID MARKET, BY REGION, BY REGION,
2024–2029 (USD MILLION) 115
TABLE 60 SERVICES: SMART GRID MARKET, BY TYPE, 2021–2023 (USD MILLION) 116
TABLE 61 SERVICES: SMART GRID MARKET, BY TYPE, 2024–2029 (USD MILLION) 116
TABLE 62 SERVICES: SMART GRID MARKET, BY REGION, 2021–2023 (USD MILLION) 117
TABLE 63 SERVICES: SMART GRID MARKET, BY REGION, 2024–2029 (USD MILLION) 117
TABLE 64 CONSULTING: SMART GRID MARKET, BY REGION, 2021–2023 (USD MILLION) 118
TABLE 65 CONSULTING: SMART GRID MARKET, BY REGION, 2024–2029 (USD MILLION) 118
TABLE 66 DEPLOYMENT AND INTEGRATION: SMART GRID MARKET, BY REGION,
2021–2023 (USD MILLION) 119
TABLE 67 DEPLOYMENT AND INTEGRATION: SMART GRID MARKET, BY REGION,
2024–2029 (USD MILLION) 119
TABLE 68 SUPPORT AND MAINTENANCE: SMART GRID MARKET, BY REGION,
2021–2023 (USD MILLION) 120
TABLE 69 SUPPORT AND MAINTENANCE: SMART GRID MARKET, BY REGION,
2024–2029 (USD MILLION) 120
TABLE 70 SMART GRID MARKET, BY END-USE APPLICATION, 2021–2023 (USD MILLION) 122
TABLE 71 SMART GRID MARKET, BY END-USE APPLICATION, 2024–2029 (USD MILLION) 122
TABLE 72 GENERATION: SMART GRID MARKET, BY REGION, 2021–2023 (USD MILLION) 123
TABLE 73 GENERATION: SMART GRID MARKET, BY REGION, 2024–2029 (USD MILLION) 123
TABLE 74 TRANSMISSION: SMART GRID MARKET, BY REGION, 2021–2023 (USD MILLION) 124
TABLE 75 TRANSMISSION: SMART GRID MARKET, BY REGION, 2024–2029 (USD MILLION) 124
TABLE 76 DISTRIBUTION: SMART GRID MARKET, BY REGION, 2021–2023 (USD MILLION) 125
TABLE 77 DISTRIBUTION: SMART GRID MARKET, BY REGION, 2024–2029 (USD MILLION) 125
TABLE 78 CONSUMPTION: SMART GRID MARKET, BY REGION, 2021–2023 (USD MILLION) 126
TABLE 79 CONSUMPTION: SMART GRID MARKET, BY REGION, 2024–2029 (USD MILLION) 126
TABLE 80 SMART GRID MARKET, BY COMMUNICATION TECHNOLOGY,
2021–2023 (USD MILLION) 128
TABLE 81 SMART GRID MARKET, BY COMMUNICATION TECHNOLOGY,
2024–2029 (USD MILLION) 129
TABLE 82 WIRELINE: SMART GRID MARKET, BY REGION, 2021–2023 (USD MILLION) 129
TABLE 83 WIRELINE: SMART GRID MARKET, BY REGION, 2024–2029 (USD MILLION) 130
TABLE 84 WIRELESS: SMART GRID MARKET, BY REGION, 2021–2023 (USD MILLION) 130
TABLE 85 WIRELESS: SMART GRID MARKET, BY REGION, 2024–2029 (USD MILLION) 131
TABLE 86 SMART GRID MARKET, BY REGION, 2021–2023 (USD MILLION) 134
TABLE 87 SMART GRID MARKET, BY REGION, 2024–2029 (USD MILLION) 134
TABLE 88 NORTH AMERICA: SMART GRID MARKET, BY OFFERING,
2021–2023 (USD MILLION) 136
TABLE 89 NORTH AMERICA: SMART GRID MARKET, BY OFFERING,
2024–2029 (USD MILLION) 137
TABLE 90 NORTH AMERICA: SMART GRID MARKET FOR SOFTWARE, BY TYPE,
2021–2023 (USD MILLION) 137
TABLE 91 NORTH AMERICA: SMART GRID MARKET FOR SOFTWARE, BY TYPE,
2024–2029 (USD MILLION) 137
TABLE 92 NORTH AMERICA: SMART GRID MARKET FOR HARDWARE, BY TYPE,
2021–2023 (USD MILLION) 138
TABLE 93 NORTH AMERICA: SMART GRID MARKET FOR HARDWARE, BY TYPE,
2024–2029 (USD MILLION) 138
TABLE 94 NORTH AMERICA: SMART GRID MARKET FOR SERVICES, BY TYPE,
2021–2023 (USD MILLION) 138
TABLE 95 NORTH AMERICA: SMART GRID MARKET FOR SERVICES, BY TYPE,
2024–2029 (USD MILLION) 139
TABLE 96 NORTH AMERICA: SMART GRID MARKET, BY END-USE APPLICATION,
2021–2023 (USD MILLION) 139
TABLE 97 NORTH AMERICA: SMART GRID MARKET, BY END-USE APPLICATION,
2024–2029 (USD MILLION) 139
TABLE 98 NORTH AMERICA: SMART GRID MARKET, BY COMMUNICATION TECHNOLOGY, 2021–2023 (USD MILLION) 139
TABLE 99 NORTH AMERICA: SMART GRID MARKET, BY COMMUNICATION TECHNOLOGY, 2024–2029 (USD MILLION) 140
TABLE 100 NORTH AMERICA: SMART GRID MARKET, BY COUNTRY,
2021–2023 (USD MILLION) 140
TABLE 101 NORTH AMERICA: SMART GRID MARKET, BY COUNTRY,
2024–2029 (USD MILLION) 140
TABLE 102 US: SMART GRID MARKET, BY OFFERING, 2021–2023 (USD MILLION) 141
TABLE 103 US: SMART GRID MARKET, BY OFFERING, 2024–2029 (USD MILLION) 142
TABLE 104 US: SMART GRID MARKET FOR SOFTWARE, BY TYPE, 2021–2023 (USD MILLION) 142
TABLE 105 US: SMART GRID MARKET FOR SOFTWARE, BY TYPE, 2024–2029 (USD MILLION) 142
TABLE 106 US: SMART GRID MARKET FOR HARDWARE, BY TYPE, 2021–2023 (USD MILLION) 143
TABLE 107 US: SMART GRID MARKET FOR HARDWARE, BY TYPE, 2024–2029 (USD MILLION) 143
TABLE 108 US: SMART GRID MARKET FOR SERVICES, BY TYPE, 2021–2023 (USD MILLION) 143
TABLE 109 US: SMART GRID MARKET FOR SERVICES, BY TYPE, 2024–2029 (USD MILLION) 143
TABLE 110 CANADA: SMART GRID MARKET, BY OFFERING, 2021–2023 (USD MILLION) 144
TABLE 111 CANADA: SMART GRID MARKET, BY OFFERING, 2024–2029 (USD MILLION) 144
TABLE 112 CANADA: SMART GRID MARKET FOR SOFTWARE, BY TYPE,
2021–2023 (USD MILLION) 145
TABLE 113 CANADA: SMART GRID MARKET FOR SOFTWARE, BY TYPE,
2024–2029 (USD MILLION) 145
TABLE 114 CANADA: SMART GRID MARKET FOR HARDWARE, BY TYPE,
2021–2023 (USD MILLION) 145
TABLE 115 CANADA: SMART GRID MARKET FOR HARDWARE, BY TYPE,
2024–2029 (USD MILLION) 146
TABLE 116 CANADA: SMART GRID MARKET FOR SERVICES, BY TYPE,
2021–2023 (USD MILLION) 146
TABLE 117 CANADA: SMART GRID MARKET FOR SERVICES, BY TYPE,
2024–2029 (USD MILLION) 146
TABLE 118 MEXICO: SMART GRID MARKET, BY OFFERING, 2021–2023 (USD MILLION) 147
TABLE 119 MEXICO: SMART GRID MARKET, BY OFFERING, 2024–2029 (USD MILLION) 148
TABLE 120 MEXICO: SMART GRID MARKET FOR SOFTWARE, BY TYPE,
2021–2023 (USD MILLION) 148
TABLE 121 MEXICO: SMART GRID MARKET FOR SOFTWARE, BY TYPE,
2024–2029 (USD MILLION) 148
TABLE 122 MEXICO: SMART GRID MARKET FOR HARDWARE, BY TYPE,
2021–2023 (USD MILLION) 149
TABLE 123 MEXICO: SMART GRID MARKET FOR HARDWARE, BY TYPE,
2024–2029 (USD MILLION) 149
TABLE 124 MEXICO: SMART GRID MARKET FOR SERVICES, BY TYPE,
2021–2023 (USD MILLION) 149
TABLE 125 MEXICO: SMART GRID MARKET FOR SERVICES, BY TYPE,
2024–2029 (USD MILLION) 150
TABLE 126 EUROPE: SMART GRID MARKET, BY OFFERING, 2021–2023 (USD MILLION) 151
TABLE 127 EUROPE: SMART GRID MARKET, BY OFFERING, 2024–2029 (USD MILLION) 151
TABLE 128 EUROPE: SMART GRID MARKET FOR SOFTWARE, BY TYPE,
2021–2023 (USD MILLION) 151
TABLE 129 EUROPE: SMART GRID MARKET FOR SOFTWARE, BY TYPE,
2024–2029 (USD MILLION) 152
TABLE 130 EUROPE: SMART GRID MARKET FOR HARDWARE, BY TYPE,
2021–2023 (USD MILLION) 152
TABLE 131 EUROPE: SMART GRID MARKET FOR HARDWARE, BY TYPE,
2024–2029 (USD MILLION) 152
TABLE 132 EUROPE: SMART GRID MARKET FOR SERVICES, BY TYPE,
2021–2023 (USD MILLION) 153
TABLE 133 EUROPE: SMART GRID MARKET FOR SERVICES, BY TYPE,
2024–2029 (USD MILLION) 153
TABLE 134 EUROPE: SMART GRID MARKET, BY END-USE APPLICATION,
2021–2023 (USD MILLION) 153
TABLE 135 EUROPE: SMART GRID MARKET, BY END-USE APPLICATION,
2024–2029 (USD MILLION) 153
TABLE 136 EUROPE: SMART GRID MARKET, BY COMMUNICATION TECHNOLOGY,
2021–2023 (USD MILLION) 154
TABLE 137 EUROPE: SMART GRID MARKET, BY COMMUNICATION TECHNOLOGY,
2024–2029 (USD MILLION) 154
TABLE 138 EUROPE: SMART GRID MARKET, BY COUNTRY, 2021–2023 (USD MILLION) 154
TABLE 139 EUROPE: SMART GRID MARKET, BY COUNTRY, 2024–2029 (USD MILLION) 155
TABLE 140 GERMANY: SMART GRID MARKET, BY OFFERING, 2021–2023 (USD MILLION) 155
TABLE 141 GERMANY: SMART GRID MARKET, BY OFFERING, 2024–2029 (USD MILLION) 156
TABLE 142 GERMANY: SMART GRID MARKET FOR SOFTWARE, BY TYPE,
2021–2023 (USD MILLION) 156
TABLE 143 GERMANY: SMART GRID MARKET FOR SOFTWARE, BY TYPE,
2024–2029 (USD MILLION) 156
TABLE 144 GERMANY: SMART GRID MARKET FOR HARDWARE, BY TYPE,
2021–2023 (USD MILLION) 157
TABLE 145 GERMANY: SMART GRID MARKET FOR HARDWARE, BY TYPE,
2024–2029 (USD MILLION) 157
TABLE 146 GERMANY: SMART GRID MARKET FOR SERVICES, BY TYPE,
2021–2023 (USD MILLION) 157
TABLE 147 GERMANY: SMART GRID MARKET FOR SERVICES, BY TYPE,
2024–2029 (USD MILLION) 158
TABLE 148 UK: SMART GRID MARKET, BY OFFERING, 2021–2023 (USD MILLION) 158
TABLE 149 UK: SMART GRID MARKET, BY OFFERING, 2024–2029 (USD MILLION) 159
TABLE 150 UK: SMART GRID MARKET FOR SOFTWARE, BY TYPE, 2021–2023 (USD MILLION) 159
TABLE 151 UK: SMART GRID MARKET FOR SOFTWARE, BY TYPE, 2024–2029 (USD MILLION) 159
TABLE 152 UK: SMART GRID MARKET FOR HARDWARE, BY TYPE, 2021–2023 (USD MILLION) 160
TABLE 153 UK: SMART GRID MARKET FOR HARDWARE, BY TYPE, 2024–2029 (USD MILLION) 160
TABLE 154 UK: SMART GRID MARKET FOR SERVICES, BY TYPE, 2021–2023 (USD MILLION) 160
TABLE 155 UK: SMART GRID MARKET FOR SERVICES, BY TYPE, 2024–2029 (USD MILLION) 160
TABLE 156 FRANCE: SMART GRID MARKET, BY OFFERING, 2021–2023 (USD MILLION) 161
TABLE 157 FRANCE: SMART GRID MARKET, BY OFFERING, 2024–2029 (USD MILLION) 161
TABLE 158 FRANCE: SMART GRID MARKET FOR SOFTWARE, BY TYPE,
2021–2023 (USD MILLION) 162
TABLE 159 FRANCE: SMART GRID MARKET FOR SOFTWARE, BY TYPE,
2024–2029 (USD MILLION) 162
TABLE 160 FRANCE: SMART GRID MARKET FOR HARDWARE, BY TYPE,
2021–2023 (USD MILLION) 162
TABLE 161 FRANCE: SMART GRID MARKET FOR HARDWARE, BY TYPE,
2024–2029 (USD MILLION) 163
TABLE 162 FRANCE: SMART GRID MARKET FOR SERVICES, BY TYPE,
2021–2023 (USD MILLION) 163
TABLE 163 FRANCE: SMART GRID MARKET FOR SERVICES, BY TYPE,
2024–2029 (USD MILLION) 163
TABLE 164 ITALY: SMART GRID MARKET, BY OFFERING, 2021–2023 (USD MILLION) 164
TABLE 165 ITALY: SMART GRID MARKET, BY OFFERING, 2024–2029 (USD MILLION) 164
TABLE 166 ITALY: SMART GRID MARKET FOR SOFTWARE, BY TYPE,
2021–2023 (USD MILLION) 165
TABLE 167 ITALY: SMART GRID MARKET FOR SOFTWARE, BY TYPE,
2024–2029 (USD MILLION) 165
TABLE 168 ITALY: SMART GRID MARKET FOR HARDWARE, BY TYPE,
2021–2023 (USD MILLION) 165
TABLE 169 ITALY: SMART GRID MARKET FOR HARDWARE, BY TYPE,
2024–2029 (USD MILLION) 166
TABLE 170 ITALY: SMART GRID MARKET FOR SERVICES, BY TYPE, 2021–2023 (USD MILLION) 166
TABLE 171 ITALY: SMART GRID MARKET FOR SERVICES, BY TYPE, 2024–2029 (USD MILLION) 166
TABLE 172 RUSSIA: SMART GRID MARKET, BY OFFERING, 2021–2023 (USD MILLION) 167
TABLE 173 RUSSIA: SMART GRID MARKET, BY OFFERING, 2024–2029 (USD MILLION) 167
TABLE 174 RUSSIA: SMART GRID MARKET FOR SOFTWARE, BY TYPE,
2021–2023 (USD MILLION) 168
TABLE 175 RUSSIA: SMART GRID MARKET FOR SOFTWARE, BY TYPE,
2024–2029 (USD MILLION) 168
TABLE 176 RUSSIA: SMART GRID MARKET FOR HARDWARE, BY TYPE,
2021–2023 (USD MILLION) 168
TABLE 177 RUSSIA: SMART GRID MARKET FOR HARDWARE, BY TYPE,
2024–2029 (USD MILLION) 169
TABLE 178 RUSSIA: SMART GRID MARKET FOR SERVICES, BY TYPE,
2021–2023 (USD MILLION) 169
TABLE 179 RUSSIA: SMART GRID MARKET FOR SERVICES, BY TYPE,
2024–2029 (USD MILLION) 169
TABLE 180 SPAIN: SMART GRID MARKET, BY OFFERING, 2021–2023 (USD MILLION) 170
TABLE 181 SPAIN: SMART GRID MARKET, BY OFFERING, 2024–2029 (USD MILLION) 170
TABLE 182 SPAIN: SMART GRID MARKET FOR SOFTWARE, BY TYPE,
2021–2023 (USD MILLION) 170
TABLE 183 SPAIN: SMART GRID MARKET FOR SOFTWARE, BY TYPE,
2024–2029 (USD MILLION) 171
TABLE 184 SPAIN: SMART GRID MARKET FOR HARDWARE, BY TYPE,
2021–2023 (USD MILLION) 171
TABLE 185 SPAIN: SMART GRID MARKET FOR HARDWARE, BY TYPE,
2024–2029 (USD MILLION) 171
TABLE 186 SPAIN: SMART GRID MARKET FOR SERVICES, BY TYPE,
2021–2023 (USD MILLION) 172
TABLE 187 SPAIN: SMART GRID MARKET FOR SERVICES, BY TYPE,
2024–2029 (USD MILLION) 172
TABLE 188 REST OF EUROPE: SMART GRID MARKET, BY OFFERING,
2021–2023 (USD MILLION) 173
TABLE 189 REST OF EUROPE: SMART GRID MARKET, BY OFFERING,
2024–2029 (USD MILLION) 173
TABLE 190 REST OF EUROPE: SMART GRID MARKET FOR SOFTWARE, BY TYPE,
2021–2023 (USD MILLION) 173
TABLE 191 REST OF EUROPE: SMART GRID MARKET FOR SOFTWARE, BY TYPE,
2024–2029 (USD MILLION) 174
TABLE 192 REST OF EUROPE: SMART GRID MARKET FOR HARDWARE, BY TYPE,
2021–2023 (USD MILLION) 174
TABLE 193 REST OF EUROPE: SMART GRID MARKET FOR HARDWARE, BY TYPE,
2024–2029 (USD MILLION) 174
TABLE 194 REST OF EUROPE: SMART GRID MARKET FOR SERVICES, BY TYPE,
2021–2023 (USD MILLION) 175
TABLE 195 REST OF EUROPE: SMART GRID MARKET FOR SERVICES, BY TYPE,
2024–2029 (USD MILLION) 175
TABLE 196 ASIA PACIFIC: SMART GRID MARKET, BY OFFERING, 2021–2023 (USD MILLION) 176
TABLE 197 ASIA PACIFIC: SMART GRID MARKET, BY OFFERING, 2024–2029 (USD MILLION) 177
TABLE 198 ASIA PACIFIC: SMART GRID MARKET FOR SOFTWARE, BY OFFERING,
2021–2023 (USD MILLION) 177
TABLE 199 ASIA PACIFIC: SMART GRID MARKET FOR SOFTWARE, BY TYPE,
2024–2029 (USD MILLION) 177
TABLE 200 ASIA PACIFIC: SMART GRID MARKET FOR HARDWARE, BY TYPE,
2021–2023 (USD MILLION) 178
TABLE 201 ASIA PACIFIC: SMART GRID MARKET FOR HARDWARE, BY TYPE,
2024–2029 (USD MILLION) 178
TABLE 202 ASIA PACIFIC: SMART GRID MARKET FOR SERVICES, BY TYPE,
2021–2023 (USD MILLION) 178
TABLE 203 ASIA PACIFIC: SMART GRID MARKET FOR SERVICES, BY TYPE,
2024–2029 (USD MILLION) 179
TABLE 204 ASIA PACIFIC: SMART GRID MARKET, BY END-USE APPLICATION,
2021–2023 (USD MILLION) 179
TABLE 205 ASIA PACIFIC: SMART GRID MARKET, BY END-USE APPLICATION,
2024–2029 (USD MILLION) 179
TABLE 206 ASIA PACIFIC: SMART GRID MARKET, BY COMMUNICATION TECHNOLOGY,
2021–2023 (USD MILLION) 179
TABLE 207 ASIA PACIFIC: SMART GRID MARKET, BY COMMUNICATION TECHNOLOGY,
2024–2029 (USD MILLION) 180
TABLE 208 ASIA PACIFIC: SMART GRID MARKET, BY COUNTRY, 2021–2023 (USD MILLION) 180
TABLE 209 ASIA PACIFIC: SMART GRID MARKET, BY COUNTRY, 2024–2029 (USD MILLION) 180
TABLE 210 CHINA: SMART GRID MARKET, BY OFFERING, 2021–2023 (USD MILLION) 181
TABLE 211 CHINA: SMART GRID MARKET, BY OFFERING, 2024–2029 (USD MILLION) 181
TABLE 212 CHINA: SMART GRID MARKET FOR SOFTWARE, BY TYPE,
2021–2023 (USD MILLION) 182
TABLE 213 CHINA: SMART GRID MARKET FOR SOFTWARE, BY TYPE,
2024–2029 (USD MILLION) 182
TABLE 214 CHINA: SMART GRID MARKET FOR HARDWARE, BY TYPE,
2021–2023 (USD MILLION) 182
TABLE 215 CHINA: SMART GRID MARKET FOR HARDWARE, BY TYPE,
2024–2029 (USD MILLION) 183
TABLE 216 CHINA: SMART GRID MARKET FOR SERVICES, BY TYPE,
2021–2023 (USD MILLION) 183
TABLE 217 CHINA: SMART GRID MARKET FOR SERVICES, BY TYPE,
2024–2029 (USD MILLION) 183
TABLE 218 JAPAN: SMART GRID MARKET, BY OFFERING, 2021–2023 (USD MILLION) 184
TABLE 219 JAPAN: SMART GRID MARKET, BY OFFERING, 2024–2029 (USD MILLION) 185
TABLE 220 JAPAN: SMART GRID MARKET FOR SOFTWARE, BY TYPE,
2021–2023 (USD MILLION) 185
TABLE 221 JAPAN: SMART GRID MARKET FOR SOFTWARE, BY TYPE,
2024–2029 (USD MILLION) 186
TABLE 222 JAPAN: SMART GRID MARKET FOR HARDWARE, BY TYPE,
2021–2023 (USD MILLION) 186
TABLE 223 JAPAN: SMART GRID MARKET FOR HARDWARE, BY TYPE,
2024–2029 (USD MILLION) 186
TABLE 224 JAPAN: SMART GRID MARKET FOR SERVICES, BY TYPE,
2021–2023 (USD MILLION) 187
TABLE 225 JAPAN: SMART GRID MARKET FOR SERVICES, BY TYPE,
2024–2029 (USD MILLION) 187
TABLE 226 SOUTH KOREA: SMART GRID MARKET, BY OFFERING, 2021–2023 (USD MILLION) 188
TABLE 227 SOUTH KOREA: SMART GRID MARKET, BY OFFERING, 2024–2029 (USD MILLION) 188
TABLE 228 SOUTH KOREA: SMART GRID MARKET FOR SOFTWARE, BY TYPE,
2021–2023 (USD MILLION) 188
TABLE 229 SOUTH KOREA: SMART GRID MARKET FOR SOFTWARE, BY TYPE,
2024–2029 (USD MILLION) 189
TABLE 230 SOUTH KOREA: SMART GRID MARKET FOR HARDWARE, BY TYPE,
2021–2023 (USD MILLION) 189
TABLE 231 SOUTH KOREA: SMART GRID MARKET FOR HARDWARE, BY TYPE,
2024–2029 (USD MILLION) 189
TABLE 232 SOUTH KOREA: SMART GRID MARKET FOR SERVICES, BY TYPE,
2021–2023 (USD MILLION) 190
TABLE 233 SOUTH KOREA: SMART GRID MARKET FOR SERVICES, BY TYPE,
2024–2029 (USD MILLION) 190
TABLE 234 INDIA: SMART GRID MARKET, BY OFFERING, 2021–2023 (USD MILLION) 191
TABLE 235 INDIA: SMART GRID MARKET, BY OFFERING, 2024–2029 (USD MILLION) 191
TABLE 236 INDIA: SMART GRID MARKET FOR SOFTWARE, BY TYPE,
2021–2023 (USD MILLION) 191
TABLE 237 INDIA: SMART GRID MARKET FOR SOFTWARE, BY TYPE,
2024–2029 (USD MILLION) 192
TABLE 238 INDIA: SMART GRID MARKET FOR HARDWARE, BY TYPE,
2021–2023 (USD MILLION) 192
TABLE 239 INDIA: SMART GRID MARKET FOR HARDWARE, BY TYPE,
2024–2029 (USD MILLION) 192
TABLE 240 INDIA: SMART GRID MARKET FOR SERVICES, BY TYPE, 2021–2023 (USD MILLION) 193
TABLE 241 INDIA: SMART GRID MARKET FOR SERVICES, BY TYPE, 2024–2029 (USD MILLION) 193
TABLE 242 AUSTRALIA: SMART GRID MARKET, BY OFFERING, 2021–2023 (USD MILLION) 194
TABLE 243 AUSTRALIA: SMART GRID MARKET, BY OFFERING, 2024–2029 (USD MILLION) 194
TABLE 244 AUSTRALIA: SMART GRID MARKET FOR SOFTWARE, BY TYPE,
2021–2023 (USD MILLION) 194
TABLE 245 AUSTRALIA: SMART GRID MARKET FOR SOFTWARE, BY TYPE,
2024–2029 (USD MILLION) 195
TABLE 246 AUSTRALIA: SMART GRID MARKET FOR HARDWARE, BY TYPE,
2021–2023 (USD MILLION) 195
TABLE 247 AUSTRALIA: SMART GRID MARKET FOR HARDWARE, BY TYPE,
2024–2029 (USD MILLION) 195
TABLE 248 AUSTRALIA: SMART GRID MARKET FOR SERVICES, BY TYPE,
2021–2023 (USD MILLION) 196
TABLE 249 AUSTRALIA: SMART GRID MARKET FOR SERVICES, BY TYPE,
2024–2029 (USD MILLION) 196
TABLE 250 REST OF ASIA PACIFIC: SMART GRID MARKET, BY OFFERING,
2021–2023 (USD MILLION) 197
TABLE 251 REST OF ASIA PACIFIC: SMART GRID MARKET, BY OFFERING,
2024–2029 (USD MILLION) 197
TABLE 252 REST OF ASIA PACIFIC: SMART GRID MARKET FOR SOFTWARE, BY TYPE,
2021–2023 (USD MILLION) 197
TABLE 253 REST OF ASIA PACIFIC: SMART GRID MARKET FOR SOFTWARE, BY TYPE,
2024–2029 (USD MILLION) 198
TABLE 254 REST OF ASIA PACIFIC: SMART GRID MARKET FOR HARDWARE, BY TYPE,
2021–2023 (USD MILLION) 198
TABLE 255 REST OF ASIA PACIFIC: SMART GRID MARKET FOR HARDWARE, BY TYPE,
2024–2029 (USD MILLION) 198
TABLE 256 REST OF ASIA PACIFIC: SMART GRID MARKET FOR SERVICES, BY TYPE,
2021–2023 (USD MILLION) 199
TABLE 257 REST OF ASIA PACIFIC: SMART GRID MARKET FOR SERVICES, BY TYPE,
2024–2029 (USD MILLION) 199
TABLE 258 MIDDLE EAST & AFRICA: SMART GRID MARKET, BY OFFERING,
2021–2023 (USD MILLION) 200
TABLE 259 MIDDLE EAST & AFRICA: SMART GRID MARKET, BY OFFERING,
2024–2029 (USD MILLION) 200
TABLE 260 MIDDLE EAST & AFRICA: SMART GRID MARKET FOR SOFTWARE, BY TYPE,
2021–2023 (USD MILLION) 201
TABLE 261 MIDDLE EAST & AFRICA: SMART GRID MARKET FOR SOFTWARE, BY TYPE,
2024–2029 (USD MILLION) 201
TABLE 262 MIDDLE EAST & AFRICA: SMART GRID MARKET FOR HARDWARE, BY TYPE,
2021–2023 (USD MILLION) 201
TABLE 263 MIDDLE EAST & AFRICA: SMART GRID MARKET FOR HARDWARE, BY TYPE,
2024–2029 (USD MILLION) 202
TABLE 264 MIDDLE EAST & AFRICA: SMART GRID MARKET FOR SERVICES, BY TYPE,
2021–2023 (USD MILLION) 202
TABLE 265 MIDDLE EAST & AFRICA: SMART GRID MARKET FOR SERVICES, BY TYPE,
2024–2029 (USD MILLION) 202
TABLE 266 MIDDLE EAST & AFRICA: SMART GRID MARKET, BY END-USE APPLICATION,
2021–2023 (USD MILLION) 203
TABLE 267 MIDDLE EAST & AFRICA: SMART GRID MARKET, BY END-USE APPLICATION,
2024–2029 (USD MILLION) 203
TABLE 268 MIDDLE EAST & AFRICA: SMART GRID MARKET, BY COMMUNICATION TECHNOLOGY, 2021–2023 (USD MILLION) 203
TABLE 269 MIDDLE EAST & AFRICA: SMART GRID MARKET, BY COMMUNICATION TECHNOLOGY, 2024–2029 (USD MILLION) 203
TABLE 270 MIDDLE EAST & AFRICA: SMART GRID MARKET, BY COUNTRY,
2021–2023 (USD MILLION) 204
TABLE 271 MIDDLE EAST & AFRICA: SMART GRID MARKET, BY COUNTRY,
2024–2029 (USD MILLION) 204
TABLE 272 GCC: SMART GRID MARKET, BY COUNTRY, 2021–2023 (USD MILLION) 204
TABLE 273 GCC: SMART GRID MARKET, BY COUNTRY, 2024–2029 (USD MILLION) 205
TABLE 274 GCC: SMART GRID MARKET, BY OFFERING, 2021–2023 (USD MILLION) 205
TABLE 275 GCC: SMART GRID MARKET, BY OFFERING, 2024–2029 (USD MILLION) 206
TABLE 276 GCC: SMART GRID MARKET FOR SOFTWARE, BY TYPE, 2021–2023 (USD MILLION) 206
TABLE 277 GCC: SMART GRID MARKET FOR SOFTWARE, BY TYPE, 2024–2029 (USD MILLION) 206
TABLE 278 GCC: SMART GRID MARKET FOR HARDWARE, BY TYPE, 2021–2023 (USD MILLION) 207
TABLE 279 GCC: SMART GRID MARKET FOR HARDWARE, BY TYPE, 2024–2029 (USD MILLION) 207
TABLE 280 GCC: SMART GRID MARKET FOR SERVICES, BY TYPE, 2021–2023 (USD MILLION) 207
TABLE 281 GCC: SMART GRID MARKET FOR SERVICES, BY TYPE, 2024–2029 (USD MILLION) 207
TABLE 282 SAUDI ARABIA: SMART GRID MARKET, BY OFFERING, 2021–2023 (USD MILLION) 208
TABLE 283 SAUDI ARABIA: SMART GRID MARKET, BY OFFERING, 2024–2029 (USD MILLION) 208
TABLE 284 SAUDI ARABIA: SMART GRID MARKET FOR SOFTWARE, BY TYPE,
2021–2023 (USD MILLION) 209
TABLE 285 SAUDI ARABIA: SMART GRID MARKET FOR SOFTWARE, BY TYPE,
2024–2029 (USD MILLION) 209
TABLE 286 SAUDI ARABIA: SMART GRID MARKET FOR HARDWARE, BY TYPE,
2021–2023 (USD MILLION) 209
TABLE 287 SAUDI ARABIA: SMART GRID MARKET FOR HARDWARE, BY TYPE,
2024–2029 (USD MILLION) 210
TABLE 288 SAUDI ARABIA: SMART GRID MARKET FOR SERVICES, BY TYPE,
2021–2023 (USD MILLION) 210
TABLE 289 SAUDI ARABIA: SMART GRID MARKET FOR SERVICES, BY TYPE,
2024–2029 (USD MILLION) 210
TABLE 290 UAE: SMART GRID MARKET, BY OFFERING, 2021–2023 (USD MILLION) 211
TABLE 291 UAE: SMART GRID MARKET, BY OFFERING, 2024–2029 (USD MILLION) 211
TABLE 292 UAE: SMART GRID MARKET FOR SOFTWARE, BY TYPE, 2021–2023 (USD MILLION) 212
TABLE 293 UAE: SMART GRID MARKET FOR SOFTWARE, BY TYPE, 2024–2029 (USD MILLION) 212
TABLE 294 UAE: SMART GRID MARKET FOR HARDWARE, BY TYPE, 2021–2023 (USD MILLION) 212
TABLE 295 UAE: SMART GRID MARKET FOR HARDWARE, BY TYPE, 2024–2029 (USD MILLION) 213
TABLE 296 UAE: SMART GRID MARKET FOR SERVICES, BY TYPE, 2021–2023 (USD MILLION) 213
TABLE 297 UAE: SMART GRID MARKET FOR SERVICES, BY TYPE, 2024–2029 (USD MILLION) 213
TABLE 298 QATAR: SMART GRID MARKET, BY OFFERING, 2021–2023 (USD MILLION) 214
TABLE 299 QATAR: SMART GRID MARKET, BY OFFERING, 2024–2029 (USD MILLION) 214
TABLE 300 QATAR: SMART GRID MARKET FOR SOFTWARE, BY TYPE,
2021–2023 (USD MILLION) 215
TABLE 301 QATAR: SMART GRID MARKET FOR SOFTWARE, BY TYPE,
2024–2029 (USD MILLION) 215
TABLE 302 QATAR: SMART GRID MARKET FOR HARDWARE, BY TYPE,
2021–2023 (USD MILLION) 215
TABLE 303 QATAR: SMART GRID MARKET FOR HARDWARE, BY TYPE,
2024–2029 (USD MILLION) 216
TABLE 304 QATAR: SMART GRID MARKET FOR SERVICES, BY TYPE,
2021–2023 (USD MILLION) 216
TABLE 305 QATAR: SMART GRID MARKET FOR SERVICES, BY TYPE,
2024–2029 (USD MILLION) 216
TABLE 306 REST OF GCC: SMART GRID MARKET, BY OFFERING, 2021–2023 (USD MILLION) 217
TABLE 307 REST OF GCC: SMART GRID MARKET, BY OFFERING, 2024–2029 (USD MILLION) 217
TABLE 308 REST OF GCC: SMART GRID MARKET FOR SOFTWARE, BY TYPE,
2021–2023 (USD MILLION) 218
TABLE 309 REST OF GCC: SMART GRID MARKET FOR SOFTWARE, BY TYPE,
2024–2029 (USD MILLION) 218
TABLE 310 REST OF GCC: SMART GRID MARKET FOR HARDWARE, BY TYPE,
2021–2023 (USD MILLION) 218
TABLE 311 REST OF GCC: SMART GRID MARKET FOR HARDWARE, BY TYPE,
2024–2029 (USD MILLION) 219
TABLE 312 REST OF GCC: SMART GRID MARKET FOR SERVICES, BY TYPE,
2021–2023 (USD MILLION) 219
TABLE 313 REST OF GCC: SMART GRID MARKET FOR SERVICES, BY TYPE,
2024–2029 (USD MILLION) 219
TABLE 314 SOUTH AFRICA: SMART GRID MARKET, BY OFFERING, 2021–2023 (USD MILLION) 220
TABLE 315 SOUTH AFRICA: SMART GRID MARKET, BY OFFERING, 2024–2029 (USD MILLION) 220
TABLE 316 SOUTH AFRICA: SMART GRID MARKET FOR SOFTWARE, BY TYPE,
2021–2023 (USD MILLION) 221
TABLE 317 SOUTH AFRICA: SMART GRID MARKET FOR SOFTWARE, BY TYPE,
2024–2029 (USD MILLION) 221
TABLE 318 SOUTH AFRICA: SMART GRID MARKET FOR HARDWARE, BY TYPE,
2021–2023 (USD MILLION) 222
TABLE 319 SOUTH AFRICA: SMART GRID MARKET FOR HARDWARE, BY TYPE,
2024–2029 (USD MILLION) 222
TABLE 320 SOUTH AFRICA: SMART GRID MARKET FOR SERVICES, BY TYPE,
2021–2023 (USD MILLION) 222
TABLE 321 SOUTH AFRICA: SMART GRID MARKET FOR SERVICES, BY TYPE,
2024–2029 (USD MILLION) 223
TABLE 322 IRAN: SMART GRID MARKET, BY OFFERING, 2021–2023 (USD MILLION) 223
TABLE 323 IRAN: SMART GRID MARKET, BY OFFERING, 2024–2029 (USD MILLION) 224
TABLE 324 IRAN: SMART GRID MARKET FOR SOFTWARE, BY TYPE, 2021–2023 (USD MILLION) 224
TABLE 325 IRAN: SMART GRID MARKET FOR SOFTWARE, BY TYPE, 2024–2029 (USD MILLION) 224
TABLE 326 IRAN: SMART GRID MARKET FOR HARDWARE, BY TYPE,
2021–2023 (USD MILLION) 225
TABLE 327 IRAN: SMART GRID MARKET FOR HARDWARE, BY TYPE,
2024–2029 (USD MILLION) 225
TABLE 328 IRAN: SMART GRID MARKET FOR SERVICES, BY TYPE, 2021–2023 (USD MILLION) 225
TABLE 329 IRAN: SMART GRID MARKET FOR SERVICES, BY TYPE, 2024–2029 (USD MILLION) 225
TABLE 330 REST OF MIDDLE EAST & AFRICA: SMART GRID MARKET, BY OFFERING,
2021–2023 (USD MILLION) 226
TABLE 331 REST OF MIDDLE EAST & AFRICA: SMART GRID MARKET, BY OFFERING,
2024–2029 (USD MILLION) 227
TABLE 332 REST OF MIDDLE EAST & AFRICA: SMART GRID MARKET FOR SOFTWARE, BY TYPE, 2021–2023 (USD MILLION) 227
TABLE 333 REST OF MIDDLE EAST & AFRICA: SMART GRID MARKET FOR SOFTWARE, BY TYPE, 2024–2029 (USD MILLION) 227
TABLE 334 REST OF MIDDLE EAST & AFRICA: SMART GRID MARKET FOR HARDWARE, BY TYPE, 2021–2023 (USD MILLION) 228
TABLE 335 REST OF MIDDLE EAST & AFRICA: SMART GRID MARKET FOR HARDWARE, BY TYPE, 2024–2029 (USD MILLION) 228
TABLE 336 REST OF MIDDLE EAST & AFRICA: SMART GRID MARKET FOR SERVICES, BY TYPE, 2021–2023 (USD MILLION) 228
TABLE 337 REST OF MIDDLE EAST & AFRICA: SMART GRID MARKET FOR SERVICES, BY TYPE, 2024–2029 (USD MILLION) 229
TABLE 338 SOUTH AMERICA: SMART GRID MARKET, BY OFFERING,
2021–2023 (USD MILLION) 230
TABLE 339 SOUTH AMERICA: SMART GRID MARKET, BY OFFERING,
2024–2029 (USD MILLION) 230
TABLE 340 SOUTH AMERICA: SMART GRID MARKET FOR SOFTWARE, BY TYPE,
2021–2023 (USD MILLION) 231
TABLE 341 SOUTH AMERICA: SMART GRID MARKET FOR SOFTWARE, BY TYPE,
2024–2029 (USD MILLION) 231
TABLE 342 SOUTH AMERICA: SMART GRID MARKET FOR HARDWARE, BY TYPE,
2021–2023 (USD MILLION) 231
TABLE 343 SOUTH AMERICA: SMART GRID MARKET FOR HARDWARE, BY TYPE,
2024–2029 (USD MILLION) 232
TABLE 344 SOUTH AMERICA: SMART GRID MARKET FOR SERVICES, BY TYPE,
2021–2023 (USD MILLION) 232
TABLE 345 SOUTH AMERICA: SMART GRID MARKET FOR SERVICES, BY TYPE,
2024–2029 (USD MILLION) 232
TABLE 346 SOUTH AMERICA: SMART GRID MARKET, BY END-USE APPLICATION,
2021–2023 (USD MILLION) 233
TABLE 347 SOUTH AMERICA: SMART GRID MARKET, BY END-USE APPLICATION,
2024–2029 (USD MILLION) 233
TABLE 348 SOUTH AMERICA: SMART GRID MARKET, BY COMMUNICATION TECHNOLOGY, 2021–2023 (USD MILLION) 233
TABLE 349 SOUTH AMERICA: SMART GRID MARKET, BY COMMUNICATION TECHNOLOGY, 2024–2029 (USD MILLION) 233
TABLE 350 SOUTH AMERICA: SMART GRID MARKET, BY COUNTRY,
2021–2023 (USD MILLION) 234
TABLE 351 SOUTH AMERICA: SMART GRID MARKET, BY COUNTRY,
2024–2029 (USD MILLION) 234
TABLE 352 BRAZIL: SMART GRID MARKET, BY OFFERING, 2021–2023 (USD MILLION) 235
TABLE 353 BRAZIL: SMART GRID MARKET, BY OFFERING, 2024–2029 (USD MILLION) 235
TABLE 354 BRAZIL: SMART GRID MARKET FOR SOFTWARE, BY TYPE,
2021–2023 (USD MILLION) 235
TABLE 355 BRAZIL: SMART GRID MARKET FOR SOFTWARE, BY TYPE,
2024–2029 (USD MILLION) 236
TABLE 356 BRAZIL: SMART GRID MARKET FOR HARDWARE, BY TYPE,
2021–2023 (USD MILLION) 236
TABLE 357 BRAZIL: SMART GRID MARKET FOR HARDWARE, BY TYPE,
2024–2029 (USD MILLION) 236
TABLE 358 BRAZIL: SMART GRID MARKET FOR SERVICES, BY TYPE,
2021–2023 (USD MILLION) 237
TABLE 359 BRAZIL: SMART GRID MARKET FOR SERVICES, BY TYPE,
2024–2029 (USD MILLION) 237
TABLE 360 ARGENTINA: SMART GRID MARKET, BY OFFERING, 2021–2023 (USD MILLION) 238
TABLE 361 ARGENTINA: SMART GRID MARKET, BY OFFERING, 2024–2029 (USD MILLION) 238
TABLE 362 ARGENTINA: SMART GRID MARKET FOR SOFTWARE, BY TYPE,
2021–2023 (USD MILLION) 238
TABLE 363 ARGENTINA: SMART GRID MARKET FOR SOFTWARE, BY TYPE,
2024–2029 (USD MILLION) 239
TABLE 364 ARGENTINA: SMART GRID MARKET FOR HARDWARE, BY TYPE,
2021–2023 (USD MILLION) 239
TABLE 365 ARGENTINA: SMART GRID MARKET FOR HARDWARE, BY TYPE,
2024–2029 (USD MILLION) 239
TABLE 366 ARGENTINA: SMART GRID MARKET FOR SERVICES, BY TYPE,
2021–2023 (USD MILLION) 240
TABLE 367 ARGENTINA: SMART GRID MARKET FOR SERVICES, BY TYPE,
2024–2029 (USD MILLION) 240
TABLE 368 COLOMBIA: SMART GRID MARKET, BY OFFERING, 2021–2023 (USD MILLION) 241
TABLE 369 COLOMBIA: SMART GRID MARKET, BY OFFERING, 2024–2029 (USD MILLION) 241
TABLE 370 COLOMBIA: SMART GRID MARKET FOR SOFTWARE, BY TYPE,
2021–2023 (USD MILLION) 241
TABLE 371 COLOMBIA: SMART GRID MARKET FOR SOFTWARE, BY TYPE,
2024–2029 (USD MILLION) 242
TABLE 372 COLOMBIA: SMART GRID MARKET FOR HARDWARE, BY TYPE,
2021–2023 (USD MILLION) 242
TABLE 373 COLOMBIA: SMART GRID MARKET FOR HARDWARE, BY TYPE,
2024–2029 (USD MILLION) 242
TABLE 374 COLOMBIA: SMART GRID MARKET FOR SERVICES, BY TYPE,
2021–2023 (USD MILLION) 243
TABLE 375 COLOMBIA: SMART GRID MARKET FOR SERVICES, BY TYPE,
2024–2029 (USD MILLION) 243
TABLE 376 REST OF SOUTH AMERICA: SMART GRID MARKET, BY OFFERING,
2021–2023 (USD MILLION) 243
TABLE 377 REST OF SOUTH AMERICA: SMART GRID MARKET, BY OFFERING,
2024–2029 (USD MILLION) 244
TABLE 378 REST OF SOUTH AMERICA: SMART GRID MARKET FOR SOFTWARE, BY TYPE, 2021–2023 (USD MILLION) 244
TABLE 379 REST OF SOUTH AMERICA: SMART GRID MARKET FOR SOFTWARE, BY TYPE, 2024–2029 (USD MILLION) 244
TABLE 380 REST OF SOUTH AMERICA: SMART GRID MARKET FOR HARDWARE, BY TYPE, 2021–2023 (USD MILLION) 245
TABLE 381 REST OF SOUTH AMERICA: SMART GRID MARKET FOR HARDWARE, BY TYPE, 2024–2029 (USD MILLION) 245
TABLE 382 REST OF SOUTH AMERICA: SMART GRID MARKET FOR SERVICES, BY TYPE,
2021–2023 (USD MILLION) 245
TABLE 383 REST OF SOUTH AMERICA: SMART GRID MARKET FOR SERVICES, BY TYPE,
2024–2029 (USD MILLION) 246
TABLE 384 KEY PLAYER STRATEGIES/RIGHT TO WIN, 2022–2024 247
TABLE 385 SMART GRID MARKET: DEGREE OF COMPETITION, 2023 249
TABLE 386 SMART GRID MARKET: OFFERING FOOTPRINT 255
TABLE 387 SMART GRID MARKET: END-USE APPLICATION FOOTPRINT 256
TABLE 388 SMART GRID MARKET: COMMUNICATION TECHNOLOGY FOOTPRINT 257
TABLE 389 SMART GRID MARKET: REGION FOOTPRINT 258
TABLE 390 SMART GRID MARKET: LIST OF KEY STARTUPS/SMES 261
TABLE 391 SMART GRID MARKET: COMPETITIVE BENCHMARKING OF KEY STARTUPS/SMES 261
TABLE 392 SMART GRID MARKET: PRODUCT LAUNCHES, OCTOBER 2022–JUNE 2024 264
TABLE 393 SMART GRID MARKET: DEALS, OCTOBER 2022–JUNE 2024 265
TABLE 394 SMART GRID MARKET: EXPANSIONS, OCTOBER 2022–JUNE 2024 266
TABLE 395 SMART GRID MARKET: OTHERS, OCTOBER 2022–JUNE 2024 266
TABLE 396 ABB: COMPANY OVERVIEW 267
TABLE 397 ABB: PRODUCTS/SERVICES/SOLUTIONS OFFERED 268
TABLE 398 ABB: DEALS 269
TABLE 399 ABB: OTHERS 270
TABLE 400 SIEMENS: COMPANY OVERVIEW 272
TABLE 401 SIEMENS: PRODUCTS/SERVICES/SOLUTIONS OFFERED 273
TABLE 402 SIEMENS: PRODUCT LAUNCHES 274
TABLE 403 SIEMENS: DEALS 275
TABLE 404 SIEMENS: EXPANSIONS 275
TABLE 405 SCHNEIDER ELECTRIC: COMPANY OVERVIEW 277
TABLE 406 SCHNEIDER ELECTRIC: PRODUCTS/SERVICES/SOLUTIONS OFFERED 278
TABLE 407 SCHNEIDER ELECTRIC: PRODUCT LAUNCHES 279
TABLE 408 SCHNEIDER ELECTRIC: OTHERS 279
TABLE 409 ITRON INC.: COMPANY OVERVIEW 281
TABLE 410 ITRON INC.: PRODUCTS/SERVICES/SOLUTIONS OFFERED 282
TABLE 411 ITRON INC.: PRODUCT LAUNCHES 283
TABLE 412 GE VERNOVA: COMPANY OVERVIEW 285
TABLE 413 GE VERNOVA: PRODUCTS/SERVICES/SOLUTIONS OFFERED 286
TABLE 414 GE VERNOVA: PRODUCT LAUNCHES 287
TABLE 415 GE VERNOVA: DEALS 287
TABLE 416 GE VERNOVA: OTHERS 288
TABLE 417 CISCO SYSTEM, INC.: COMPANY OVERVIEW 290
TABLE 418 CISCO SYSTEMS, INC.: PRODUCTS/SERVICES/SOLUTIONS OFFERED 291
TABLE 419 CISCO SYSTEM, INC.: PRODUCT LAUNCHES 292
TABLE 420 ORACLE: COMPANY OVERVIEW 293
TABLE 421 ORACLE: PRODUCTS/SERVICES/SOLUTIONS OFFERED 294
TABLE 422 ORACLE: PRODUCT LAUNCHES 295
TABLE 423 ORACLE: DEALS 295
TABLE 424 ORACLE: OTHERS 296
TABLE 425 HONEYWELL INTERNATIONAL INC.: COMPANY OVERVIEW 297
TABLE 426 HONEYWELL INTERNATIONAL INC.: PRODUCTS/SERVICES/SOLUTIONS OFFERED 298
TABLE 427 HONEYWELL INTERNATIONAL INC.: PRODUCT LAUNCHES 299
TABLE 428 HONEYWELL INTERNATIONAL INC.: DEALS 299
TABLE 429 EATON: COMPANY OVERVIEW 300
TABLE 430 EATON: PRODUCTS/SERVICES/SOLUTIONS OFFERED 301
TABLE 431 EATON: PRODUCT LAUNCHES 302
TABLE 432 TECH MAHINDRA LIMITED: COMPANY OVERVIEW 303
TABLE 433 TECH MAHINDRA LIMITED: PRODUCTS/SERVICES/SOLUTIONS OFFERED 304
TABLE 434 TANTALUS: COMPANY OVERVIEW 305
TABLE 435 TANTALUS: PRODUCTS/SERVICES/SOLUTIONS OFFERED 306
TABLE 436 TANTALUS: PRODUCT LAUNCHES 307
TABLE 437 TANTALUS: DEALS 307
TABLE 438 TANTALUS: OTHERS 308
TABLE 439 MITSUBISHI ELECTRIC CORPORATION: COMPANY OVERVIEW 309
TABLE 440 MITSUBISHI ELECTRIC CORPORATION:
PRODUCTS/SERVICES/SOLUTIONS OFFERED 310
TABLE 441 MITSUBISHI ELECTRIC CORPORATION: DEALS 311
TABLE 442 WIPRO: COMPANY OVERVIEW 312
TABLE 443 WIPRO: PRODUCTS/SERVICES/SOLUTIONS OFFERED 313
TABLE 444 WIPRO: DEALS 314
TABLE 445 TRILLIANT HOLDINGS INC.: COMPANY OVERVIEW 315
TABLE 446 TRILLIANT HOLDINGS INC.: PRODUCTS/SERVICES/SOLUTIONS OFFERED 315
TABLE 447 TRILLIANT HOLDINGS INC.: DEALS 316
TABLE 448 KAMSTRUP: COMPANY OVERVIEW 317
TABLE 449 KAMSTRUP: PRODUCTS/SERVICES/SOLUTIONS OFFERED 317
TABLE 450 KAMSTRUP: OTHERS 318
TABLE 451 XYLEM: COMPANY OVERVIEW 319
TABLE 452 XYLEM: PRODUCTS/SERVICES/SOLUTIONS OFFERED 320
TABLE 453 XYLEM: PRODUCT LAUNCHES 321
TABLE 454 XYLEM: OTHERS 321
LIST OF FIGURES
FIGURE 1 SMART GRID MARKET SEGMENTATION 33
FIGURE 2 SMART GRID MARKET: RESEARCH DESIGN 39
FIGURE 3 DATA TRIANGULATION 40
FIGURE 4 KEY METRICS CONSIDERED TO ANALYZE DEMAND FOR SMART GRID SOLUTIONS 44
FIGURE 5 MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH 45
FIGURE 6 MARKET SIZE ESTIMATION METHODOLOGY: TOP-DOWN APPROACH 46
FIGURE 7 KEY METRICS CONSIDERED FOR ASSESSING SUPPLY OF SMART GRID SOLUTIONS 49
FIGURE 8 SMART GRID MARKET: SUPPLY-SIDE ANALYSIS 49
FIGURE 9 NORTH AMERICA TO REGISTER HIGHEST CAGR IN GLOBAL SMART GRID MARKET DURING FORECAST PERIOD 53
FIGURE 10 SOFTWARE SEGMENT TO CAPTURE LARGEST MARKET SHARE IN 2024 53
FIGURE 11 DISTRIBUTION SEGMENT TO LEAD MARKET IN 2029 54
FIGURE 12 WIRELESS SEGMENT TO RECORD HIGHER CAGR DURING FORECAST PERIOD 54
FIGURE 13 GROWING FOCUS ON MODERNIZING EXISTING GRID INFRASTRUCTURE
TO DRIVE DEMAND 55
FIGURE 14 NORTH AMERICA TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD 56
FIGURE 15 WIRELESS SEGMENT AND US TO DOMINATE SMART GRID MARKET IN
NORTH AMERICA IN 2024 57
FIGURE 16 SOFTWARE SEGMENT TO HOLD LARGEST MARKET SHARE IN 2029 57
FIGURE 17 WIRELESS SEGMENT TO DOMINATE MARKET IN 2029 58
FIGURE 18 DISTRIBUTION SEGMENT TO HOLD LARGEST MARKET SHARE IN 2029 58
FIGURE 19 SMART GRID MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES 59
FIGURE 20 REGION/COUNTRY-WISE INVESTMENT IN ELECTRICITY GRIDS,
2015–2022 (USD BILLION) 60
FIGURE 21 DATA ON ELECTRIC CAR SALES, BY GEOGRAPHY, 2018–2023 67
FIGURE 22 TRENDS/DISRUPTIONS IMPACTING CUSTOMERS’ BUSINESSES 69
FIGURE 23 SMART GRID MARKET: VALUE CHAIN ANALYSIS 70
FIGURE 24 SMART GRID MARKET: ECOSYSTEM ANALYSIS 72
FIGURE 25 INVESTMENT AND FUNDING SCENARIO 74
FIGURE 26 DIGITAL TECHNOLOGY INVESTMENTS IN SMART GRIDS, 2015–2022 75
FIGURE 27 DISTRIBUTION OF RESPONDENTS PER DSO CORE FUNCTIONALITY 77
FIGURE 28 EXPORT DATA FOR HS CODE 902830-COMPLIANT PRODUCTS, BY COUNTRY, 2021–2023 (USD THOUSAND) 80
FIGURE 29 IMPORT DATA FOR HS CODE 902830-COMPLIANT PRODUCTS,
2021–2023 (USD THOUSAND) 81
FIGURE 30 NUMBER OF PATENTS APPLIED AND GRANTED FOR SMART GRIDS, 2013–2023 82
FIGURE 31 AVERAGE SELLING PRICE TREND OF HARDWARE COMPONENTS,
BY REGION, 2021–2023 87
FIGURE 32 SMART GRID MARKET: PORTER’S FIVE FORCES ANALYSIS 93
FIGURE 33 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS, BY END-USE APPLICATION 95
FIGURE 34 KEY BUYING CRITERIA, BY END-USE APPLICATION 96
FIGURE 35 SMART GRID MARKET, BY OFFERING 98
FIGURE 36 SMART GRID MARKET SHARE, BY SOFTWARE 100
FIGURE 37 SMART GRID MARKET SHARE, BY HARDWARE 109
FIGURE 38 SMART GRID MARKET SHARE, BY SERVICE 116
FIGURE 39 SMART GRID MARKET SHARE, BY END-USE APPLICATION 122
FIGURE 40 SMART GRID MARKET SHARE, BY COMMUNICATION TECHNOLOGY 128
FIGURE 41 NORTH AMERICA TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD 133
FIGURE 42 SMART GRID MARKET SHARE, BY REGION 134
FIGURE 43 NORTH AMERICA: SMART GRID MARKET SNAPSHOT 136
FIGURE 44 ASIA PACIFIC: SMART GRID MARKET SNAPSHOT 176
FIGURE 45 SMART GRID MARKET SHARE ANALYSIS, 2023 250
FIGURE 46 REVENUE ANALYSIS OF TOP FIVE PLAYERS, 2019–2023 251
FIGURE 47 SMART GRID MARKET: COMPANY EVALUATION MATRIX (KEY PLAYERS), 2023 253
FIGURE 48 SMART GRID MARKET: COMPANY FOOTPRINT 254
FIGURE 49 SMART GRID MARKET: COMPANY EVALUATION MATRIX (STARTUPS/SMES), 2023 260
FIGURE 50 COMPANY VALUATION, 2024 262
FIGURE 51 FINANCIAL METRICS (EV/EBITDA), 2024 262
FIGURE 52 BRAND/PRODUCT COMPARISON 263
FIGURE 53 ABB: COMPANY SNAPSHOT 268
FIGURE 54 SIEMENS: COMPANY SNAPSHOT 273
FIGURE 55 SCHNEIDER ELECTRIC: COMPANY SNAPSHOT 278
FIGURE 56 ITRON INC.: COMPANY SNAPSHOT 282
FIGURE 57 GE VERNOVA: COMPANY SNAPSHOT 286
FIGURE 58 CISCO SYSTEM, INC.: COMPANY SNAPSHOT 291
FIGURE 59 ORACLE: COMPANY SNAPSHOT 294
FIGURE 60 HONEYWELL INTERNATIONAL INC.: COMPANY SNAPSHOT 298
FIGURE 61 EATON: COMPANY SNAPSHOT 301
FIGURE 62 TECH MAHINDRA LIMITED: COMPANY SNAPSHOT 304
FIGURE 63 TANTALUS: COMPANY SNAPSHOT 306
FIGURE 64 MITSUBISHI ELECTRIC CORPORATION: COMPANY SNAPSHOT 310
FIGURE 65 WIPRO: COMPANY SNAPSHOT 313
FIGURE 66 XYLEM: COMPANY SNAPSHOT 320
