Smart Grid Market by Component (Software, Hardware, Services), Application (Generation, Transmission, Distribution, Consumption/End Use), Communication Technology (Wireline, Wireless), and Region - Global Forecast to 2026

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Date: 11-Oct-2021
No. of pages: 296
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“The smart grid market is projected to grow at a CAGR of 19.1% from 2019 to 2026.”    

The smart grid market is projected to reach USD 103.4 billion by 2026 from an estimated USD 43.1 billion in 2021, at a CAGR of 19.1% during the forecast period. Governments worldwide are undertaking many initiatives to meet the future electricity demands and focusing on reducing carbon footprint by promoting the use of renewable energy sources to produce energy. Increasing need of efficiency and stability of electric grid are expected to offer lucrative opportunities for the smart grid market during the forecast period. However, high installation costs of smart grid acts as a restraint for the installing the smart grid systems.   

“The software segment by component is expected to grow at the highest CAGR from 2021 to 2026.”

Based on the component of smart grid systems, the software component is estimated to be the fastest-growing market from 2019 to 2026. The smart grid software helps ensure effective management of smart grid operations, improves process efficiency, and reduces energy production costs; hence, the segment captures the major market share.

“Distribution segment by application is expected to emerge as the largest segment for smart grid implementation”

The distribution segment, by application, is projected to hold the highest market share during the forecast period. Distribution substations isolate the faults in transmission systems. Distribution feeders transport power from the distribution substations to end users, serving many premises. Efficient distribution application helps in quicker restoration of electricity after power disturbances, reduces operations and management costs for utilities, and ultimately lowers the power costs for consumers.

“North America: The largest smart grid market”

North America is currently the largest smart grid market, followed by Europe and the APAC. US accounted for the maximum share of the North America market in 2020. It is also projected to grow at the highest CAGR from 2021 to 2026. One of the key reasons for the large market size is the early adoption of smart grid projects. The strong financial position of the US and Canada enables them to invest heavily in smart infrastructure platforms of the smart grid 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- 65%, Tier 2- 24%, and Tier 3- 11%

  • By Designation: C-Level- 30%, Director Level- 25%, and Others- 45%

  • By Region: Asia Pacific- 40%, North America- 25%,  Europe- 20%, the Middle East & Africa- 10%, and South America- 5%


Note: Others includes sales managers, engineers, and regional managers.

Note: The tiers of the companies are defined on the basis of their total revenues as of 20120. Tier 1: > USD 1 billion, Tier 2: From USD 500 million to USD 1 billion, and Tier 3: < USD 500 million

The leading players in the smart grid market include GE (US), ABB (Switzerland), Siemens (Germany), Schneider Electric (France), Itron (US).

Research Coverage:

The report defines, describes, and forecasts the global smart grid market, by component, by application, by 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


  • The report identifies and addresses the key markets for smart grid, which would help smart grid manufacturers review the growth in demand.

  • The report helps system providers understand the pulse of the market and provides insights into drivers, restraints, opportunities, and challenges.

  • The report will help key players understand the strategies of their competitors better and help them in making better strategic decisions.

Smart Grid Market by Component (Software, Hardware, Services), Application (Generation, Transmission, Distribution, Consumption/End Use), Communication Technology (Wireline, Wireless), and Region - Global Forecast to 2026

Table Of Contents

1 Introduction
1.1 Study Objectives
1.2 Market Definition
1.3 Inclusions And Exclusions
1.3.1 Smart Grid Market, By Component
1.3.2 Smart Grid Market, By Application
1.3.3 Smart Grid Market, By Communication Technology
1.4 Study Scope
1.4.1 Markets Covered
1.4.2 Geographic Scope
1.4.3 Years Considered
1.5 Currency
1.6 Limitations
1.7 Stakeholders
1.8 Summary Of Changes

2 Research Methodology
2.1 Research Data
Figure 1 Smart Grid Market: Research Design
2.1.1 Secondary Data
2.1.1.1 Key Data From Secondary Sources
2.1.2 Primary Data
2.1.2.1 Key Data From Primary Sources
2.1.2.2 Breakdown Of Primaries
Figure 2 Breakdown Of Primaries
2.2 Market Breakdown And Data Triangulation
Figure 3 Data Triangulation Methodology
2.3 Market Size Estimation
2.3.1 Bottom-Up Approach
Figure 4 Market Size Estimation Methodology: Bottom-Up Approach
2.3.2 Top-Down Approach
Figure 5 Market Size Estimation Methodology: Top-Down Approach
2.3.3 Demand-Side Analysis
Figure 6 Metrics Considered To Analyze And Assess Demand For Smart Grids
2.3.3.1 Calculation For Demand Side
2.3.3.2 Assumptions For Demand-Side Analysis
2.3.4 Supply-Side Analysis
Figure 7 Metrics Considered To Assess Supply Side Of Smart Grid Market
Figure 8 Smart Grid Market: Supply-Side Analysis
2.3.4.1 Supply-Side Calculation
2.3.4.2 Assumptions For Supply-Side Analysis
2.3.5 Forecast

3 Executive Summary
Table 1 Snapshot Of Smart Grid Market
Figure 9 Software Segment To Account For Largest Share Of Smart Grid Market, By Component, In 2026
Figure 10 Smart Grid Distribution Management Software To Lead Smart Grid Market In 2026
Figure 11 Smart Meters To Lead Smart Grid Market, By Hardware, 2026
Figure 12 Deployment And Integration Services To Dominate Smart Grid Market In 2026
Figure 13 Distribution Application To Continue To Hold Largest Size Of Smart Grid Market Throughout Forecast Period
Figure 14 Wireline Communication Technology To Account For Largest Size Of Smart Grid Market In 2026
Figure 15 North America Accounted For Largest Share Of Smart Grid Market In 2020

4 Premium Insights
4.1 Attractive Opportunities In Smart Grid Market
Figure 16 Modernization Of Aging Grid Infrastructure And Implementation Of Smart Meters To Propel Smart Grid Market Growth During 2021–2026
4.2 Smart Grid Market In North America, By Component And Country
Figure 17 Us Held Largest Share Of North American Smart Grid Market In 2020
4.3 Smart Grid Market, By Component
Figure 18 Software Components Held Largest Share Of Global Smart Grid Market In 2020
4.4 Smart Grid Market For Software, By Type
Figure 19 Smart Grid Distribution Management Software Captured Major Market Share In 2020
4.5 Smart Grid Market For Hardware, By Type
Figure 20 Smart Meters Accounted For Largest Share Of Smart Grid Market In 2020
4.6 Smart Grid Market For Services, By Type
Figure 21 Deployment And Integration Services Held Largest Share Of Smart Grid Market In 2020
4.7 Smart Grid Market, By Application
Figure 22 Distribution Application Accounted For Largest Share Of Smart Grid Market In 2020
4.8 Smart Grid Market, By Communication Technology
Figure 23 Wireline Communication Technology Accounted For Largest Share Of Smart Grid Market In 2020
4.9 Smart Grid Market, By Region
Figure 24 Asia Pacific To Record Highest Cagr In Smart Grid Market During Forecast Period

5 Market Overview
5.1 Introduction
5.2 Covid-19 Health Assessment
Figure 25 Covid-19 Global Propagation
Figure 26 Covid-19 Propagation In Selected Countries
5.3 Road To Recovery
Figure 27 Recovery Road For 2020 And 2021
5.4 Covid-19 Economic Assessment
Figure 28 Revised Gdp For Select G20 Countries In 2020
5.5 Market Dynamics
Figure 29 Smart Grid Market: Drivers, Restraints, Opportunities, And Challenges
5.5.1 Drivers
5.5.1.1 Supportive Regulatory Framework Of Governments Worldwide To Promote Deployment Of Smart Grids
Figure 30 Share Of Digital Grid Infrastructure In Global Electricity Investment (2014–2019)
5.5.1.2 Improved Grid Reliability And Efficient Outage Response
5.5.1.3 Increased Awareness About Carbon Footprint Management
Figure 31 Global Energy-Related Co2 Emissions (1990–2050)
5.5.1.4 Strong Focus On Modernization Of Aging Grid Infrastructure
Figure 32 Ict (Information And Communication Techn0logy) Electricity Demand
Figure 33 Electricity Demand By Network-Enabled Devices
5.5.2 Restraints
5.5.2.1 High Installation Cost Of Smart Grids
5.5.2.2 Low Awareness Of Protocols And Interoperability Standards
5.5.3 Opportunities
5.5.3.1 Creating Opportunities For Existing Utility Vendors And Emerging Players
5.5.3.2 Ongoing Smart City Projects In Developing Countries
5.5.3.3 Increasing Inclination Of Automobile Companies To Manufacture Electric Vehicles Based On V2g Technology
Figure 34 Worldwide Ev Sales, Million Units, 2017–2020
5.5.3.4 Anticipated Shift From On-Premises To Cloud-Based Systems
5.5.4 Challenges
5.5.4.1 Proper Storage And Management Of Complex Data Generated By Smart Grid Infrastructure
5.5.4.2 Cybersecurity And Vulnerability Issues Faced By Smart Grid Networks
Figure 35 Entry Points For Cyberattacks
5.5.4.3 Longer Duration Of Return On Investment For Utility Service Providers
5.6 Trends
5.6.1 Revenue Shift And New Revenue Pockets For Smart Grid Manufacturers
Figure 36 Revenue Shift For Smart Grid
5.7 Market Map
Figure 37 Market Map For Smart Grid
Table 2 Smart Grid: Supply Chain/Ecosystem
5.8 Value Chain Analysis
Figure 38 Smart Grid Value Chain Analysis
5.8.1 Raw Material Providers/Suppliers
5.8.2 Smart Grid Manufacturers/Assemblers
5.8.3 Distributors (Buyers)/End Users
5.8.4 Post-Sales Service Providers
5.9 Technology Analysis
5.9.1 Smart Grids Based On Different Technologies
Table 3 Smart Grid Market: List Of Few Technologies And Their Applications
Table 4 Major Differences Between Conventional Power Grid And Smart Grid
5.10 Smart Grid: Codes And Regulations
Table 5 Smart Grid: Codes And Regulations
5.11 Innovation And Patent Registration
Table 6 Smart Grid: Innovation And Patent Registration
5.12 Porter’s Five Forces Analysis
Figure 39 Porter’s Five Forces Analysis For Smart Grid Market
Table 7 Smart Grid Market: Porter’s Five Forces Analysis
5.12.1 Threat Of Substitutes
5.12.2 Bargaining Power Of Suppliers
5.12.3 Bargaining Power Of Buyers
5.12.4 Threat Of New Entrants
5.12.5 Intensity Of Competitive Rivalry
5.13 Case Study Analysis
5.13.1 Standalone/Decentralized Microgrid Provided Basic Energy Access To All (India)
5.13.2 Trilliant Provided Hydro One With Securemesh Solution To Harness Benefits Of Smart Metering And Distribution
5.13.3 Siemens Provided Tia Solutions Of Tesco For Water Management To Hobbs

6 Smart Grid Market, By Component
6.1 Introduction
Figure 40 Smart Grid Market Share For Each Component, 2020 (%)
Table 8 Smart Grid Market, By Component, 2019–2026 (Usd Million)
6.2 Software
Figure 41 Smart Grid Market Share For Each Software Component, 2020 (%)
Table 9 Smart Grid Market For Software, By Type, 2019–2026 (Usd Million)
Table 10 Smart Grid Market For Software, By Region, 2019–2026 (Usd Million)
6.2.1 Advanced Metering Infrastructure
6.2.1.1 Stringent Regulations And Mandates By Legislative Bodies To Reduce Energy Consumption And Increase Energy Efficiency Boost Demand For Ami
Table 11 Smart Grid Market For Advanced Metering Infrastructure, By Region, 2019–2026 (Usd Million)
6.2.2 Smart Grid Distribution Management
6.2.2.1 High Adoption Of Renewable Energy Sources And Increased Number Of Distributed Renewable Power Generation Plants Augment Need For Smart Grid Distribution Management Software
Table 12 Smart Grid Market For Smart Grid Distribution Management, By Region, 2019–2026 (Usd Million)
6.2.3 Smart Grid Network Management
6.2.3.1 Increased Use Of Renewable Energy And Limited Capacity Of Traditional Electricity Grids To Generate Renewable Energy Stimulate Demand For Smart Grid Network Management Software
Table 13 Smart Grid Market For Smart Grid Network Management, By Region, 2019–2026 (Usd Million)
6.2.4 Grid Asset Management
6.2.4.1 Strong Need To Reduce Failure And Repair Costs Of Grids Spurs Deployment Of Grid Asset Management Software
Table 14 Smart Grid Market For Grid Asset Management, By Region, 2019–2026 (Usd Million)
6.2.5 Substation Automation
6.2.5.1 Superior Ability Of Substation Automation Software To Recover Power At Faster Rate And Prevent Blackouts In Power Systems Triggers Its Adoption By Smart Grid System Manufacturers
Table 15 Smart Grid Market For Substation Automation, By Region, 2019–2026 (Usd Million)
6.2.6 Smart Grid Security
6.2.6.1 Heightened Threat Of Cyberattacks On Smart Grids Creates Need For Smart Grid Security Software
Table 16 Smart Grid Market For Smart Grid Security, By Region, 2019–2026 (Usd Million)
6.2.7 Billing And Customer Information System
6.2.7.1 Elevated Demand For Efficient Billing And Information Collection Capabilities Encourages Use Of Billing And Customer Information System
Table 17 Smart Grid Market For Billing And Customer Information System, By Region, 2019–2026 (Usd Million)
6.3 Hardware
Figure 42 Smart Grid Market Share For Each Hardware Component, 2020 (%)
Table 18 Smart Grid Market For Hardware Component, By Type, 2019–2026 (Usd Million)
Table 19 Smart Grid Market For Hardware, By Region, 2019–2026 (Usd Million)
6.3.1 Smart Meters
6.3.1.1 High Emphasis On Energy Savings By Using Energy-Efficient Appliances Accelerates Demand For Smart Meters
Table 20 Smart Grid Market For Smart Meters, By Region, 2019–2026 (Usd Million)
6.3.2 Sensors
6.3.2.1 Distinguished Ability Of Sensors To Identify Risks Well In Advance Promotes Their Use In Smart Grids
Table 21 Smart Grid Market For Sensors, By Region, 2019–2026 (Usd Million)
6.3.3 Programmable Logic Controllers
6.3.3.1 Rugged Design Of Plcs Makes Them Suitable For Repetitive Tasks And Improved Communication Bandwidth, Enabling Their Use To Make Logic-Based Decisions
Table 22 Smart Grid Market For Programmable Logic Controllers, By Region, 2019–2026 (Usd Million)
6.3.4 Others
Table 23 Smart Grid Market For Other Hardware Components, By Region, 2019–2026 (Usd Million)
6.4 Services
Figure 43 Smart Grid Market Share For Each Service Type, 2020 (%)
Table 24 Smart Grid Market For Services, By Services Type, 2019–2026 (Usd Million)
Table 25 Smart Grid Market For Services, By Region, 2019–2026 (Usd Million)
6.4.1 Consulting
6.4.1.1 Need To Deliver Maximum Product Assurance Drives Demand For Consulting Services
Table 26 Smart Grid Market For Consulting Services, By Region, 2019–2026 (Usd Million)
6.4.2 Deployment And Integration
6.4.2.1 Requirement To Streamline Operations Of Smart Grid Components Boosts Adoption Of Deployment And Integration Services
Table 27 Smart Grid Market For Deployment And Integration Services, By Region, 2019–2026 (Usd Million)
6.4.3 Support And Maintenance
6.4.3.1 Necessity Of Support And Maintenance Services To Ensure Reduced Downtime Of Operations And Higher Productivity Of Smart Grids
Table 28 Smart Grid Market For Support And Maintenance Services, By Region, 2019–2026 (Usd Million)

7 Smart Grid Market, By Application
7.1 Introduction
Figure 44 Smart Grid Market, By Application, 2020 (%)
Table 29 Smart Grid Market, By Application, 2019–2026 (Usd Million)
7.2 Generation
7.2.1 Smart Grids Help Power Generation Resources To Optimize Energy Production
Table 30 Smart Grid Market For Generation Application, By Region, 2019–2026 (Usd Million)
7.3 Transmission
7.3.1 Efficient Automated Transmission Network Carries Power From Bulk Generation Facilities To Power Distribution Systems
Table 31 Smart Grid Market For Transmission Application, By Region, 2019–2026 (Usd Million)
7.4 Distribution
7.4.1 Distribution Substations Are Likely To Witness High Demand From North America
Table 32 Smart Grid Market For Distribution Application, By Region, 2019–2026 (Usd Million)
7.5 Consumption
7.5.1 Universal Acceptance Of Electrical Appliances Has Led To Increasing Power Consumption
Table 33 Smart Grid Market For Consumption Application, By Region, 2019–2026 (Usd Million)

8 Smart Grid Market, By Communication Technology
8.1 Introduction
Figure 45 Smart Grid Market, By Communication Technology, 2020 (%)
Table 34 Smart Grid Market, By Communication Technology, 2019–2026 (Usd Million)
8.2 Wireline Communication Technology
8.2.1 Increased Need For Effective Communication To Drive Requirement For Wireline Communication Technology-Based Smart Grids
Table 35 Smart Grid Market For Wireline Communication Technology, By Region, 2019–2026 (Usd Million)
8.3 Wireless Communication Technology
8.3.1 Reduced Maintenance Cost And Easy Accessibility Of Data From Remote Locations To Boost Demand For Wireless Communication Technology-Based Smart Grids
Table 36 Smart Grid Market For Wireless Communication Technology, By Region, 2019–2026 (Usd Million)

9 Geographic Analysis
9.1 Introduction
Figure 46 Smart Grid Market In Asia Pacific To Grow At Highest Cagr From 2021 To 2026
Figure 47 Smart Grid Market Share For Each Region, 2020 (%)
Table 37 Smart Grid Market, By Region, 2019–2026 (Usd Million)
9.2 North America
Figure 48 North America: Snapshot, 2020
9.2.1 By Component
Table 38 Smart Grid Market In North America, By Component, 2019–2026 (Usd Million)
Table 39 Smart Grid Market In North America For Software, By Type, 2019–2026 (Usd Million)
Table 40 Smart Grid Market In North America For Hardware, By Type, 2019–2026 (Usd Million)
Table 41 Smart Grid Market In North America For Services, By Type, 2019–2026 (Usd Million)
9.2.2 By Application
Table 42 Smart Grid Market In North America, By Application, 2019–2026 (Usd Million)
9.2.3 By Communication Technology
Table 43 Smart Grid Market In North America, By Communication Technology, 2019–2026 (Usd Million)
9.2.4 By Country
Table 44 Smart Grid Market In North America, By Country, 2019–2026 (Usd Million)
9.2.4.1 Us
9.2.4.1.1 Heavy Investments In Digitalization Of Electricity Infrastructure And Data Analytics By Power Industry Propel Smart Grid Market Growth In United States
9.2.4.1.2 By Component
Table 45 Smart Grid Market In Us, By Component, 2019–2026 (Usd Million)
Table 46 Smart Grid Market In Us For Software, By Type, 2019–2026 (Usd Million)
Table 47 Smart Grid Market In Us For Hardware, By Type, 2019–2026 (Usd Million)
Table 48 Smart Grid Market In Us For Services, By Type, 2019–2026 (Usd Million)
9.2.4.1.3 By Application
Table 49 Smart Grid Market In Us, By Application, 2019–2026 (Usd Million)
9.2.4.1.4 By Communication Technology
Table 50 Smart Grid Market In Us, By Communication Technology, 2019–2026 (Usd Million)
9.2.4.2 Canada
9.2.4.2.1 High Investments By Government In Utility-Led Projects To Reduce Ghg Emissions And Upgrade Electric Grid Infrastructure Stimulate Smart Grid Market Growth In Canada
9.2.4.2.2 By Component
Table 51 Smart Grid Market In Canada, By Component, 2019–2026 (Usd Million)
Table 52 Smart Grid Market In Canada For Software, By Type, 2019–2026 (Usd Million)
Table 53 Smart Grid Market In Canada For Hardware, By Type, 2019–2026 (Usd Million)
Table 54 Smart Grid Market In Canada For Services, Bytype, 2019–2026 (Usd Million)
9.2.4.2.3 By Application
Table 55 Smart Grid Market In Canada, By Application, 2019–2026 (Usd Million)
9.2.4.2.4 By Communication Technology
Table 56 Smart Grid Market In Canada, By Communication Technology, 2019–2026 (Usd Million)
9.2.4.3 Mexico
9.2.4.3.1 Massive Rollout Plans And Government Support For Smart Meters Accelerate Smart Grid Market Growth
9.2.4.3.2 By Component
Table 57 Smart Grid Market In Mexico, By Component, 2019–2026 (Usd Million)
Table 58 Smart Grid Market In Mexico For Software, By Type, 2019–2026 (Usd Million)
Table 59 Smart Grid Market In Mexico For Hardware, By Type, 2019–2026 (Usd Million)
Table 60 Smart Grid Market In Mexico For Services, By Type, 2019–2026 (Usd Million)
9.2.4.3.3 By Application
Table 61 Smart Grid Market In Mexico, By Application, 2019–2026 (Usd Million)
9.2.4.3.4 By Communication Technology
Table 62 Smart Grid Market In Mexico, By Communication Technology, 2019–2026 (Usd Million)
9.3 Europe
Figure 49 Europe: Market Snapshot, 2020
9.3.1 By Component
Table 63 Smart Grid Market In Europe, By Component, 2019–2026 (Usd Million)
Table 64 Smart Grid Market In Europe For Software, By Type, 2019–2026 (Usd Million)
Table 65 Smart Grid Market In Europe For Hardware, By Type, 2019–2026 (Usd Million)
Table 66 Smart Grid Market In Europe For Services, By Type, 2019–2026 (Usd Million)
9.3.2 By Application
Table 67 Smart Grid Market In Europe, By Application, 2019–2026 (Usd Million)
9.3.3 By Communication Technology
Table 68 Smart Grid Market In Europe, By Communication Technology, 2019–2026 (Usd Million)
9.3.4 By Country
Table 69 Smart Grid Market In Europe, By Country, 2019–2026 (Usd Million)
9.3.4.1 Uk
9.3.4.1.1 Smart Grid Technology To Help Uk Transform Into Low-Carbon Economy, Meet Its Carbon Reduction Targets, And Ensure Energy Security
9.3.4.1.2 By Component
Table 70 Smart Grid Market In Uk, By Component, 2019–2026 (Usd Million)
Table 71 Smart Grid Market In Uk For Software, By Type, 2019–2026 (Usd Million)
Table 72 Smart Grid Market In Uk For Hardware, By Type, 2019–2026 (Usd Million)
Table 73 Smart Grid Market In Uk For Services, By Type, 2019–2026 (Usd Million)
9.3.4.1.3 By Application
Table 74 Smart Grid Market In Uk, By Application, 2019–2026 (Usd Million)
9.3.4.1.4 By Communication Technology
Table 75 Smart Grid Market In Uk, By Communication Technology, 2019–2026 (Usd Million)
9.3.4.2 Germany
9.3.4.2.1 Smart Meter Installment Has Made Tracking Energy Usage Easier
9.3.4.2.2 By Component
Table 76 Smart Grid Market In Germany, By Component, 2019–2026 (Usd Million)
Table 77 Smart Grid Market In Germany For Software, By Type, 2019–2026 (Usd Million)
Table 78 Smart Grid Market In Germany For Hardware, By Type, 2019–2026 (Usd Million)
Table 79 Smart Grid Market In Germany For Services, By Type, 2019–2026 (Usd Million)
9.3.4.2.3 By Application
Table 80 Smart Grid Market In Germany, By Application, 2019–2026 (Usd Million)
9.3.4.2.4 By Communication Technology
Table 81 Smart Grid Market In Germany, By Communication Technology, 2019–2026 (Usd Million)
9.3.4.3 France
9.3.4.3.1 Strong Need For Efficient Grid Operations Propelling Market Growth
9.3.4.3.2 By Component
Table 82 Smart Grid Market In France, By Component, 2019–2026 (Usd Million)
Table 83 Smart Grid Market In France For Software, By Type, 2019–2026 (Usd Million)
Table 84 Smart Grid Market In France For Hardware, By Type, 2019–2026 (Usd Million)
Table 85 Smart Grid Market In France For Services, By Type, 2019–2026 (Usd Million)
9.3.4.3.3 By Application
Table 86 Smart Grid Market In France, By Application, 2019–2026 (Usd Million)
9.3.4.3.4 By Communication Technology
Table 87 Smart Grid Market In France, By Communication Technology, 2019–2026 (Usd Million)
9.3.4.4 Italy
9.3.4.4.1 Italy Is Known For Its Aggressive Smart Meter Rollout
9.3.4.4.2 By Component
Table 88 Smart Grid Market In Italy, By Component, 2019–2026 (Usd Million)
Table 89 Smart Grid Market In Italy For Software, By Type, 2019–2026 (Usd Million)
Table 90 Smart Grid Market In Italy For Hardware, By Type, 2019–2026 (Usd Million)
Table 91 Smart Grid Market In Italy For Services, By Type, 2019–2026 (Usd Million)
9.3.4.4.3 By Application
Table 92 Smart Grid Market In Italy, By Application, 2019–2026 (Usd Million)
9.3.4.4.4 By Communication Technology
Table 93 Smart Grid Market In Italy, By Communication Technology, 2019–2026 (Usd Million)
9.3.4.5 Russia
9.3.4.5.1 Urgent Requirement To Improve Power Transmission Networks Boosts Demand For Smart Grid Technology In Russia
9.3.4.5.2 By Component
Table 94 Smart Grid Market In Russia, By Component, 2019–2026 (Usd Million)
Table 95 Smart Grid Market In Russia For Software, By Type, 2019–2026 (Usd Million)
Table 96 Smart Grid Market In Russia For Hardware, By Type, 2019–2026 (Usd Million)
Table 97 Smart Grid Market In Russia For Services, By Type, 2019–2026 (Usd Million)
9.3.4.5.3 By Application
Table 98 Smart Grid Market In Russia, By Application, 2019–2026 (Usd Million)
9.3.4.5.4 By Communication Technology
Table 99 Smart Grid Market In Russia, By Communication Technology, 2019–2026 (Usd Million)
9.3.4.6 Rest Of Europe
9.3.4.6.1 By Component
Table 100 Smart Grid Market In Rest Of Europe, By Component, 2019–2026 (Usd Million)
Table 101 Smart Grid Market In Rest Of Europe For Software, By Type, 2019–2026 (Usd Million)
Table 102 Smart Grid Market In Rest Of Europe For Hardware, By Type, 2019–2026 (Usd Million)
Table 103 Smart Grid Market In Rest Of Europe For Services, By Type, 2019–2026 (Usd Million)
9.3.4.6.2 By Application
Table 104 Smart Grid Market In Rest Of Europe, By Application, 2019–2026 (Usd Million)
9.3.4.6.3 By Communication Technology
Table 105 Smart Grid Market In Rest Of Europe, By Communication Technology, 2019–2026 (Usd Million)
9.4 Asia Pacific
9.4.1 By Component
Table 106 Smart Grid Market In Asia Pacific, By Component, 2019–2026 (Usd Million)
Table 107 Smart Grid Market In Asia Pacific For Software, By Type, 2019–2026 (Usd Million)
Table 108 Smart Grid Market In Asia Pacific For Hardware, By Type, 2019–2026 (Usd Million)
Table 109 Smart Grid Market In Asia Pacific For Services, By Type, 2019–2026 (Usd Million)
9.4.2 By Application
Table 110 Smart Grid Market In Asia Pacific, By Application, 2019–2026 (Usd Million)
9.4.3 By Communication Technology
Table 111 Smart Grid Market In Asia Pacific, By Communication Technology, 2019–2026 (Usd Million)
9.4.4 By Country
Table 112 Smart Grid Market In Asia Pacific, By Country, 2019–2026 (Usd Million)
9.4.4.1 China
9.4.4.1.1 Increased Deployment Of Solar Pv Systems Fuels Smart Grid Market Growth In China
9.4.4.1.2 By Component
Table 113 Smart Grid Market In China, By Component, 2019–2026 (Usd Million)
Table 114 Smart Grid Market In China For Software, By Type, 2019–2026 (Usd Million)
Table 115 Smart Grid Market In China For Hardware, By Type, 2019–2026 (Usd Million)
Table 116 Smart Grid Market In China For Services, By Type, 2019–2026 (Usd Million)
9.4.4.1.3 By Application
Table 117 Smart Grid Market In China, By Application, 2019–2026 (Usd Million)
9.4.4.1.4 By Communication Technology
Table 118 Smart Grid Market In China, By Communication Technology, 2019–2026 (Usd Million)
9.4.4.2 Japan
9.4.4.2.1 Japan Installed Smart Meters To Host Olympic Games In 2020
9.4.4.2.2 By Component
Table 119 Smart Grid Market In Japan, By Component, 2019–2026 (Usd Million)
Table 120 Smart Grid Market In Japan For Software, By Type, 2019–2026 (Usd Million)
Table 121 Smart Grid Market In Japan For Hardware, By Type, 2019–2026 (Usd Million)
Table 122 Smart Grid Market In Japan For Services, By Type, 2019–2026 (Usd Million)
9.4.4.2.3 By Application
Table 123 Smart Grid Market In Japan, By Application, 2019–2026 (Usd Million)
9.4.4.2.4 By Communication Technology
Table 124 Smart Grid Market In Japan, By Communication Technology, 2019–2026 (Usd Million)
9.4.4.3 India
9.4.4.3.1 Government Policies For Energy Access, High Adoption Of Renewable Resources, And Increased Number Of Smart City Projects Are Pushing India’s Smart Grid Market Growth
9.4.4.3.2 By Component
Table 125 Smart Grid Market In India, By Component, 2019–2026 (Usd Million)
Table 126 Smart Grid Market In India For Software, By Type, 2019–2026 (Usd Million)
Table 127 Smart Grid Market In India For Hardware, By Type, 2019–2026 (Usd Million)
Table 128 Smart Grid Market In India For Services, By Type, 2019–2026 (Usd Million)
9.4.4.3.3 By Application
Table 129 Smart Grid Market In India, By Application, 2019–2026 (Usd Million)
9.4.4.3.4 By Communication Technology
Table 130 Smart Grid Market In India, By Communication Technology, 2019–2026 (Usd Million)
9.4.4.4 South Korea
9.4.4.4.1 Urgent Need To Build Smart Infrastructure For Providing Consumer, Transportation, Electricity, And Several Other Services Creates Demand For Smart Grid Technology
9.4.4.4.2 By Component
Table 131 Smart Grid Market In South Korea, By Component, 2019–2026 (Usd Million)
Table 132 Smart Grid Market In South Korea For Software, By Type, 2019–2026 (Usd Million)
Table 133 Smart Grid Market In South Korea For Hardware, By Type, 2019–2026 (Usd Million)
Table 134 Smart Grid Market In South Korea For Services, By Type, 2019–2026 (Usd Million)
9.4.4.4.3 By Application
Table 135 Smart Grid Market In South Korea, By Application, 2019–2026 (Usd Million)
9.4.4.4.4 By Communication Technology
Table 136 Smart Grid Market In South Korea, By Communication Technology, 2019–2026 (Usd Million)
9.4.4.5 Australia
9.4.4.5.1 Immediate Requirement To Increase Operational Efficiency Of Utilities Sector Spurs Demand For Smart Grids
9.4.4.5.2 By Component
Table 137 Smart Grid Market In Australia, By Component, 2019–2026 (Usd Million)
Table 138 Smart Grid Market In Australia For Software, By Type, 2019–2026 (Usd Million)
Table 139 Smart Grid Market In Australia For Hardware, By Type, 2019–2026 (Usd Million)
Table 140 Smart Grid Market In Australia For Services, By Type, 2019–2026 (Usd Million)
9.4.4.5.3 By Application
Table 141 Smart Grid Market In Australia, By Application, 2019–2026 (Usd Million)
9.4.4.5.4 By Communication Technology
Table 142 Smart Grid Market In Australia, By Communication Technology, 2019–2026 (Usd Million)
9.4.4.6 Rest Of Asia Pacific
9.4.4.6.1 By Component
Table 143 Smart Grid Market In Rest Of Asia Pacific, By Component, 2019–2026 (Usd Million)
Table 144 Smart Grid Market In Rest Of Asia Pacific For Software, By Type, 2019–2026 (Usd Million)
Table 145 Smart Grid Market In Rest Of Asia Pacific For Hardware, By Type, 2019–2026 (Usd Million)
Table 146 Smart Grid Market In Rest Of Asia Pacific For Services, By Type, 2019–2026 (Usd Million)
9.4.4.6.2 By Application
Table 147 Smart Grid Market In Rest Of Asia Pacific, By Application, 2019–2026 (Usd Million)
9.4.4.6.3 By Communication Technology
Table 148 Smart Grid Market In Rest Of Asia Pacific, By Communication Technology, 2019–2026 (Usd Million)
9.5 Middle East And Africa
9.5.1 By Component
Table 149 Smart Grid Market In Middle East And Africa, By Component, 2019–2026 (Usd Million)
Table 150 Smart Grid Market In Middle East And Africa For Software, By Type, 2019–2026 (Usd Million)
Table 151 Smart Grid Market In Middle East And Africa For Hardware, By Type, 2019–2026 (Usd Million)
Table 152 Smart Grid Market In Middle East And Africa For Services, By Type, 2019–2026 (Usd Million)
9.5.2 By Application
Table 153 Smart Grid Market In Middle East And Africa, By Application, 2019–2026 (Usd Million)
9.5.3 By Communication Technology
Table 154 Smart Grid Market In Middle East And Africa, By Communication Technology, 2019–2026 (Usd Million)
9.5.4 By Country
Table 155 Smart Grid Market In Middle East And Africa, By Country, 2019–2026 (Usd Million)
9.5.4.1 Uae
9.5.4.1.1 Strong Focus Of Country On Using Renewable Sources To Produce Energy By 2030 Would Accelerate Demand For Smart Grid Technology
9.5.4.1.2 By Component
Table 156 Smart Grid Market In Uae, By Component, 2019–2026 (Usd Million)
Table 157 Smart Grid Market In Uae For Software, By Type, 2019–2026 (Usd Million)
Table 158 Smart Grid Market In Uae For Hardware, By Type, 2019–2026 (Usd Million)
Table 159 Smart Grid Market In Uae For Services, By Type, 2019–2026 (Usd Million)
9.5.4.1.3 By Application
Table 160 Smart Grid Market In Uae, By Application, 2019–2026 (Usd Million)
9.5.4.1.4 By Communication Technology
Table 161 Smart Grid Market In Uae, By Communication Technology, 2019–2026 (Usd Million)
9.5.4.2 Saudi Arabia
9.5.4.2.1 Rapid Development Of Advanced Transmission Systems Would Propel Smart Grid Market Growth In Saudi Arabia
9.5.4.2.2 By Component
Table 162 Smart Grid Market In Saudi Arabia, By Component, 2019–2026 (Usd Million)
Table 163 Smart Grid Market In Saudi Arabia For Software, By Type, 2019–2026 (Usd Million)
Table 164 Smart Grid Market In Saudi Arabia For Hardware, By Type, 2019–2026 (Usd Million)
Table 165 Smart Grid Market In Saudi Arabia For Services, By Type, 2019–2026 (Usd Million)
9.5.4.2.3 By Application
Table 166 Smart Grid Market In Saudi Arabia, By Application, 2019–2026 (Usd Million)
9.5.4.2.4 By Communication Technology
Table 167 Smart Grid Market In Saudi Arabia, By Communication Technology, 2019–2026 (Usd Million)
9.5.4.3 Qatar
9.5.4.3.1 Desperate Need To Upgrade Energy Transmission And Distribution Networks Promotes Use Of Smart Grid Technology In Qatar
9.5.4.3.2 By Component
Table 168 Smart Grid Market In Qatar, By Component, 2019–2026 (Usd Million)
Table 169 Smart Grid Market In Qatar For Software, By Type, 2019–2026 (Usd Million)
Table 170 Smart Grid Market In Qatar For Hardware, By Type, 2019–2026 (Usd Million)
Table 171 Smart Grid Market In Qatar For Services, By Type, 2019–2026 (Usd Million)
9.5.4.3.3 By Application
Table 172 Smart Grid Market In Qatar, By Application, 2019–2026 (Usd Million)
9.5.4.3.4 By Communication Technology
Table 173 Smart Grid Market In Qatar, By Communication Technology, 2019–2026 (Usd Million)
9.5.4.4 South Africa
9.5.4.4.1 Immediate Need To Reduce Utility Debt Drives Adoption Of Smart Grid Solutions
9.5.4.4.2 By Component
Table 174 Smart Grid Market In South Africa, By Component, 2019–2026 (Usd Million)
Table 175 Smart Grid Market In South Africa For Software, By Type, 2019–2026 (Usd Million)
Table 176 Smart Grid Market In South Africa For Hardware, By Type, 2019–2026 (Usd Million)
Table 177 Smart Grid Market In South Africa For Services, By Type, 2019–2026 (Usd Million)
9.5.4.4.3 By Application
Table 178 Smart Grid Market In South Africa, By Application, 2019–2026 (Usd Million)
9.5.4.4.4 By Communication Technology
Table 179 Smart Grid Market In South Africa, By Communication Technology, 2019–2026 (Usd Million)
9.5.4.5 Rest Of Middle East And Africa
9.5.4.5.1 By Component
Table 180 Smart Grid Market In Rest Of Middle East And Africa, By Component, 2019–2026 (Usd Million)
Table 181 Smart Grid Market In Rest Of Middle East And Africa For Software, By Type, 2019–2026 (Usd Million)
Table 182 Smart Grid Market In Rest Of Middle East And Africa For Hardware, By Type, 2019–2026 (Usd Million)
Table 183 Smart Grid Market In Rest Of Middle East And Africa For Services, By Type, 2019–2026 (Usd Million)
9.5.4.5.2 By Application
Table 184 Smart Grid Market In Rest Of Middle Of East And Africa, By Application, 2019–2026 (Usd Million)
9.5.4.5.3 By Communication Technology
Table 185 Smart Grid Market In Rest Of Middle East And Africa, By Communication Technology, 2019–2026 (Usd Million)
9.6 South America
9.6.1 By Component
Table 186 Smart Grid Market In South America, By Component, 2019–2026 (Usd Million)
Table 187 Smart Grid Market In South America For Software, By Type, 2019–2026 (Usd Million)
Table 188 Smart Grid Market In South America For Hardware, By Type, 2019–2026 (Usd Million)
Table 189 Smart Grid Market In South America For Services, By Type, 2019–2026 (Usd Million)
9.6.2 By Application
Table 190 Smart Grid Market In South America, By Application, 2019–2026 (Usd Million)
9.6.3 By Communication Technology
Table 191 Smart Grid Market In South America, By Communication Technology, 2019–2026 (Usd Million)
9.6.4 By Country
Table 192 Smart Grid Market In South America, By Country, 2019–2026 (Usd Million)
9.6.4.1 Brazil
9.6.4.1.1 Surging Need To Improve Operational Efficiency Boosts Demand For Smart Grid Systems
9.6.4.1.2 By Component
Table 193 Smart Grid Market In Brazil, By Component, 2019–2026 (Usd Million)
Table 194 Smart Grid Market In Brazil For Software, By Type, 2019–2026 (Usd Million)
Table 195 Smart Grid Market In Brazil For Hardware, By Type, 2019–2026 (Usd Million)
Table 196 Smart Grid Market In Brazil For Services, By Type, 2019–2026 (Usd Million)
9.6.4.1.3 By Application
Table 197 Smart Grid Market In Brazil, By Application, 2019–2026 (Usd Million)
9.6.4.1.4 By Communication Technology
Table 198 Smart Grid Market In Brazil, By Communication Technology, 2019–2026 (Usd Million)
9.6.4.2 Argentina
9.6.4.2.1 Escalating Requirement To Produce Energy Using Renewable Energy Sources Creates Opportunities For Smart Grid Market
9.6.4.2.2 By Component
Table 199 Smart Grid Market In Argentina, By Component, 2019–2026 (Usd Million)
Table 200 Smart Grid Market In Argentina For Software, By Type, 2019–2026 (Usd Million)
Table 201 Smart Grid Market In Argentina For Hardware, By Type, 2019–2026 (Usd Million)
Table 202 Smart Grid Market In Argentina For Services, By Type, 2019–2026 (Usd Million)
9.6.4.2.3 By Application
Table 203 Smart Grid Market In Argentina, By Application, 2019–2026 (Usd Million)
9.6.4.2.4 By Communication Technology
Table 204 Smart Grid Market In Argentina, By Communication Technology, 2019–2026 (Usd Million)
9.6.4.3 Rest Of South America
9.6.4.3.1 By Component
Table 205 Smart Grid Market In Rest Of South America, By Component, 2019–2026 (Usd Million)
Table 206 Smart Grid Market In Rest Of South America For Software, By Type, 2019–2026 (Usd Million)
Table 207 Smart Grid Market In Rest Of South America For Hardware, By Type, 2019–2026 (Usd Million)
Table 208 Smart Grid Market In Rest Of South America For Services, By Type, 2019–2026 (Usd Million)
9.6.4.3.2 By Application
Table 209 Smart Grid Market In Rest Of South America, By Application, 2019–2026 (Usd Million)
9.6.4.3.3 By Communication Technology
Table 210 Smart Grid Market In Rest Of South America, By Communication Technology, 2019–2026 (Usd Million)

10 Competitive Landscape
10.1 Key Player Strategies
Table 211 Overview Of Top Players, January 2017– March 2021
10.2 Market Share Analysis Of Top Five Players
Table 212 Smart Grid Market: Degree Of Competitive
Figure 50 Smart Grid Market Share Analysis, 2020
10.3 Revenue Analysis Of Top Five Market Players
Figure 51 Revenue Analysis For Key Companies In Past 5 Years
10.4 Company Evaluation Quadrant
10.4.1 Star
10.4.2 Pervasive
10.4.3 Emerging Leader
10.4.4 Participant
Figure 52 Competitive Leadership Mapping: Smart Grid Market, 2020
Table 213 Company Footprint
Table 214 By Component Footprint
Table 215 By Application Footprint
Table 216 By Region Footprint
10.5 Competitive Scenario
Table 217 Smart Grid Market: Product Launches, January 2017–September 2021
Table 218 Smart Grid Market: Deals, January 2017–December 2020
Table 219 Smart Grid Market: Other Developments, July 2017–September 2021

11 Company Profiles
(Business And Financial Overview, Products/Services/Solutions Offered, Recent Developments & Mnm View)*
11.1 Key Players
11.1.1 Ge
Table 220 Ge: Business Overview
Figure 53 Ge: Company Snapshot
Table 221 Ge: Products/Services/Solutions Offered
Table 222 Ge: Product Launches And Developments
Table 223 Ge: Deals
Table 224 Ge: Others
11.1.2 Abb
Table 225 Abb: Business Overview
Figure 54 Abb: Company Snapshot
Table 226 Abb: Products/Services/Solutions Offered
Table 227 Abb: Product Launches And Developments
Table 228 Abb: Deals
Table 229 Abb: Others
11.1.3 Siemens
Table 230 Siemens: Business Overview
Figure 55 Siemens: Company Snapshot
Table 231 Siemens: Products/Services/Solutions Offered
Table 232 Siemens: Product Launches And Developments
Table 233 Siemens: Deals
Table 234 Siemens: Others
11.1.4 Schneider Electric
Table 235 Schneider Electric: Business Overview
Figure 56 Schneider Electric: Company Snapshot
Table 236 Schneider Electric: Products/Services/Solutions Offered
Table 237 Schneider Electric: Deals
Table 238 Schneider Electric: Others
11.1.5 Itron
Table 239 Itron: Business Overview
Figure 57 Itron: Company Snapshot
Table 240 Itron: Products/Services/Solutions Offered
Table 241 Itron: Product Launches And Developments
Table 242 Itron: Deals
Table 243 Itron: Others
11.1.6 Cisco
Table 244 Cisco: Business Overview
Figure 58 Cisco: Company Snapshot
Table 245 Cisco: Products/Services/Solutions Offered
Table 246 Cisco: Deals
11.1.7 Ibm
Table 247 Ibm: Business Overview
Figure 59 Ibm: Company Snapshot
Table 248 Ibm: Products/Services/Solutions Offered
Table 249 Ibm: Deals
Table 250 Ibm: Others
11.1.8 Oracle
Table 251 Oracle: Business Overview
Figure 60 Oracle: Company Snapshot
Table 252 Oracle: Products/Services/Solutions Offered
Table 253 Oracle: Product Launches And Developments
Table 254 Oracle: Deals
11.1.9 Honeywell
Table 255 Honeywell: Business Overview
Figure 61 Honeywell: Company Snapshot
Table 256 Honeywell: Products/Services/Solutions Offered
Table 257 Honeywell: Deals
Table 258 Honeywell: Others
11.1.10 Eaton
Table 259 Eaton: Business Overview
Figure 62 Eaton: Company Snapshot
Table 260 Eaton: Products/Services/Solutions Offered
Table 261 Eaton: Product Launches And Developments
Table 262 Eaton: Deals
Table 263 Eaton: Others
11.1.11 Tech Mahindra
Table 264 Tech Mahindra: Business Overview
Figure 63 Tech Mahindra: Company Snapshot
Table 265 Tech Mahindra: Products/Services/Solutions Offered
Table 266 Tech Mahindra: Deals
11.1.12 Tantalus
Table 267 Tantalus: Business Overview
Figure 64 Tantalus: Company Snapshot
Table 268 Tantalus: Products/Services/Solutions Offered
Table 269 Tantalus: Product Launches And Developments
Table 270 Tantalus: Deals
11.1.13 Mitsubishi Electric
Table 271 Mitsubishi Electric: Business Overview
Figure 65 Mitsubishi Electric: Company Snapshot
Table 272 Mitsubishi Electric: Products/Services/Solutions Offered
Table 273 Mitsubishi Electric: Deals
11.1.14 Sap
Table 274 Sap: Business Overview
Figure 66 Sap: Company Snapshot
Table 275 Sap: Products/Services/Solutions Offered
Table 276 Sap: Deals
11.1.15 Wipro
Table 277 Wipro: Business Overview
Figure 67 Wipro: Company Snapshot
Table 278 Wipro: Products/Services/Solutions Offered
11.1.16 Trilliant Holdings
Table 279 Trilliant Holdings: Business Overview
Table 280 Trilliant Holdings: Products/Services/Solutions Offered
Table 281 Trilliant Holdings: Deals
11.1.17 Globema
Table 282 Globema: Business Overview
Table 283 Globema: Products/Services/Solutions Offered
Table 284 Globema: Others
11.1.18 Kamstrup
Table 285 Kamstrup: Business Overview
Figure 68 Kamstrup: Company Snapshot
Table 286 Kamstrup: Products/Services/Solutions Offered
Table 287 Kamstrup: Deals
Table 288 Kamstrup: Others
11.1.19 Xylem
Table 289 Xylem: Business Overview
Figure 69 Xylem: Company Snapshot
Table 290 Xylem: Products/Services/Solutions Offered
*Details On Business And Financial Overview, Products/Services/Solutions Offered, Recent Developments & Mnm View Might Not Be Captured In Case Of Unlisted Companies.
11.2 Other Players
11.2.1 Enel X
11.2.2 Esmart Systems
11.2.3 Esyasoft Technologies
11.2.4 Grid4c
11.2.5 C3 Energy
11.2.6 Nes (Networked Energy Services)

12 Appendix
12.1 Insights Of Industry Experts
12.2 Discussion Guide
12.3 Knowledge Store: Marketsandmarkets’ Subscription Portal
12.4 Available Customizations
12.5 Related Reports
12.6 Author Details

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