Global Smart Grid Industry

Global Smart Grid Industry

  • July 2020 •
  • 364 pages •
  • Report ID: 197219 •
  • Format: PDF
Global Smart Grid Market to Reach $106 Billion by 2027

Amid the COVID-19 crisis, the global market for Smart Grid estimated at US$28.2 Billion in the year 2020, is projected to reach a revised size of US$106 Billion by 2027, growing at aCAGR of 20.8% over the period 2020-2027. Software, one of the segments analyzed in the report, is projected to record 21.7% CAGR and reach US$69.4 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Hardware segment is readjusted to a revised 19.3% CAGR for the next 7-year period.

The U.S. Market is Estimated at $8.4 Billion, While China is Forecast to Grow at 20% CAGR

The Smart Grid market in the U.S. is estimated at US$8.4 Billion in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$18.1 Billion by the year 2027 trailing a CAGR of 20% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 18.6% and 18% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 15.3% CAGR.We bring years of research experience to this 17th edition of our report. The 364-page report presents concise insights into how the pandemic has impacted production and the buy side for 2020 and 2021. A short-term phased recovery by key geography is also addressed.

Competitors identified in this market include, among others,
  • ABB Ltd.
  • Aclara Technologies LLC
  •, Inc.
  • Cisco Systems, Inc.
  • Eaton Corporation PLC
  • Enel X S.r.l.
  • eSmart Systems
  • Esyasoft Technologies Pvt Ltd.
  • General Electric Company
  • Globema Sp. z o.o.
  • Grid4C
  • Honeywell International, Inc.
  • IBM Corporation
  • Itron, Inc.
  • Kamstrup A/S
  • Landis+Gyr AG
  • Open Systems International, Inc.(OSI)
  • Oracle Corporation
  • S&C Electric Company
  • Schneider Electric SA
  • Siemens AG
  • Tantalus Systems, Inc.
  • Tech Mahindra Ltd.
  • Trilliant, Inc.
  • Wipro Ltd.