Home » Global Smart Grid Market

Global Smart Grid Market: Growth, Future Prospects & Competitive Analysis, 2016 – 2023

Price: $4999

Published: | Report ID: 6144 | Report Format : PDF

Market Insights

Smart Grid refers to an electrical grid that uses digital information received from various equipment such as smart meters and appliances, renewable energy resources, and communication technology. Smart grids use digital information and control various equipment to improve the efficiency, reliability, and security of the grid.

The global smart grid market is expected to gain robust growth owing to increasing demand for power and government regulatory policies for the transmission and distribution of power, which are expected to augment the growth of the smart grid over the forecast period.

Moreover, growing environmental concerns over carbon footprints and the need for the replacement of antiquated infrastructure are also projected to fuel demand for the smart grid during the forecast period. However, a lack of awareness and high implementation costs for the modification of existing infrastructure are expected to restrain the demand for smart grids in the near future.

Asia Pacific is expected to be the most promising market over the forecast period due to increasing power demand in emerging economies such as India and China as a result of rapid urbanization in the region. Following it, North America is anticipated to be the second-largest region in the global smart grid market. The growth in the region is augmented by various government regulations and increasing government initiatives to reduce carbon footprints are expected to drive the demand for smart grids in the region.

Leading players identified across the value chain of the smart grid market are focusing on mergers and acquisitions.

The global smart grid market is segmented on the following basis:

By Product Type

  • Advanced Metering Infrastructure (AMI)
  • Distribution Management System (DMS)
  • Smart Grid Communication
  • Grid Asset Management
  • Outage Management System (OMS)
  • Others (Billing and Customer Information Systems)

By Geography

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • France
    • Italy
    • U.K.
    • Russia
    • Rest of Europe
  • Asia-Pacific
    • India
    • China
    • Japan
    • Rest of Asia-Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East and Africa
    • GCC Countries
    • South Africa
    • Rest of Middle East and Africa

Key players identified across the value chain in the smart grid market include, but are not limited to:

Cisco, IBM, Itron Inc., Siemens, Schneider Electric, ABB, and others

This report offers the following:

  • An overview of the global smart grid market
  • Market trends assessment for the period 2016-2023, with historical information for 2013 and 2014 and projections through 2023, with respective CAGRs during 2016-2023 and 2015 as the base year
  • Qualitative assessment tools such as market drivers, challenges, and future prospects, and competitive analysis: market positioning of key market players
  • Focus on each level of market segmentation based on product approvals, launches, and current and anticipated market dynamics.
  • A general overview of the industry structure
  • Company profiles highlight key information about the major players operating in the global smart grid market.
  • This report includes an estimation of market size and value. Both top-down and bottom-up approaches have been used to estimate and validate the size of the global smart grid market.

Frequently Asked Questions:

What is the size of Smart Grid Market?

The market for Smart Grid Market is expected to reach USD$ XX in 2023.

What is the Smart Grid Market CAGR?

The Smart Grid Market is expected to see significant CAGR growth over the coming years, at XX%

What is the Forecast period considered for Smart Grid Market?

The report is forecasted from 2016 -2023.

What is the base year considered for Smart Grid Market?

The base year of this report is 2015.

Who are the major players in this market?

Cisco, IBM, Itron Inc., Siemens, Schneider Electric, ABB,. are some of the major players in the global market.

Gas Turbine Electrical Power Generation Market

Report ID: 6216

Home Energy Management Systems (HEMS) Market

Report ID: 7082

3D Printing in Oil and Gas Market

Report ID: 31968

Power Generator for the Military Market

Report ID: 20407

Lithium-Ion Battery Binders Market

Report ID: 19637

Wind Turbine Operations And Maintenance Market

Report ID: 19534

Digital Substations Market

Report ID: 18400

Medium and High Power Electric Motors Market

Report ID: 6631

Global Horizontal Directional Drilling (HDD) Market

Report ID: 12513

Industrial Biomass Boiler Market

Report ID: 6791

Brine Concentration Technology Market

Report ID: 3568

Biomass Boiler Market

Report ID: 1439

Purchase Options

Delivery Format: Excel.
Designed for the individual purchaser.
Users located at a single corporate site or regional office.
Allowed for unlimited sharing globally within one company.
Smallform of Sample request

Have a question?

User Profile

Don’t settle for less – trust Mitul to help you find the best solution.

Report delivery within 24 to 48 hours

– Other Info –

What people say?-

User Review

I am very impressed with the information in this report. The author clearly did their research when they came up with this product and it has already given me a lot of ideas.

Jana Schmidt
CEDAR CX Technologies

– Connect with us –


+91 6232 49 3207


24/7 Research Support


– Research Methodology –

Going beyond the basics: advanced techniques in research methodology

– Trusted By –

Pepshi, LG, Nestle
Motorola, Honeywell, Johnson and johnson
LG Chem, SIEMENS, Pfizer
Unilever, Samsonite, QIAGEN