Report Highlights
The global market for smart grid technology is estimated to grow from $36.9 billion in 2021 to $55.9 billion by 2026, at a compound annual growth rate (CAGR) of 8.7% during the forecast period of 2021-2026.
Report Includes
- 33 tables
- An updated overview of the global market for smart grid technologies
- Analyses of the global market trends, with data from 2020, estimates for 2021, 2022 and 2024, and projections of compound annual growth rates (CAGRs) through 2026
- Highlights of emerging technology trends, opportunities and gaps estimating current and future demand for smart grid network, and impact of COVID-19 on the progress of this market
- Evaluation and forecast the smart grid market size (by number of units installation and product sales in dollar value terms), and corresponding market share analysis by component, grid type, end user vertical, and geography
- Identification of the companies best positioned to meet the demand owing to their proprietary technologies, new industry specific developments, and other growth strategies
- Assessment of the smart grid market dynamics (DROs), technology advancements, power industry structure, government regulations, and other macroeconomic factors affecting the marketplace
- Company profiles descriptions of the major manufacturers of smart grid infrastructure. Key players including Eaton, Fujitsu Ltd., General Electric, Honeywell, Landis+Gyr, Schneider Electric, Siemens etc.
Report Scope
In this report, the market has been segmented based on component, end user and geography. The report provides an overview of the global market for smart grid and analyzes market trends. Using 2020 as the base year, the report provides estimated market data for the forecast period from 2021 through 2026. Market values have been estimated based on total revenues of the smart grid manufacturers and electricity/power providers.
This report covers the market for smart grids with regards to their implementation across different regions. It also focuses on the major trends and challenges that will affect the market and the vendor landscape.
Analyst Credentials
BCC Research Team possesses expertise and experience in life and physical science domains. They specialize in offering valuable business insights, including industry analysis, competitor intelligence, strategic and financial analysis, and opportunity assessment. The team has in-depth knowledge of various sectors, including healthcare, biotechnology, pharmaceuticals, IT, automation, advanced materials, and energy. They are proficient in qualitative and quantitative market intelligence providing clients with actionable insights. With a vast understanding of the competitive landscape, the team can support clients in making data-driven decisions to help them achieve a competitive edge in their respective markets.
- Global Markets, Technologies and Materials for Thin and Ultrathin Films (SMC057D)
- Molecular Farming: Global Markets (CHM187A)
- Exosome Diagnostics, Therapeutics and Research Tools: Global Markets (BIO149E)
- Global Skin Allergy Testing Market (MDS104A)
- Global Aircraft Recycling Market (AVM250A)
Related Reports
Global Smart Transformer Market
This report provides an overview of the global smart transformer market. It presents current, and future market scenarios in the smart transformer industry. The report also covers leading companies with information on product portfolios, global headquarters addresses, and more. Using 2022 as the base year, the report provides market forecasts through 2028.
The Global Market for Distributed Energy Generation
The global market for distributed energy generation is estimated to increase from $141.3 billion in 2023 to reach $241.6 billion by 2028 with a compound annual growth rate (CAGR) of 11.3% during the forecast period of 2023-2028.
Global Digital Utility Market
The global digital utility market is estimated to increase from $226.6 billion in 2023 to reach $415.2 billion by 2028, at a compound annual growth rate (CAGR) of 12.9% from 2023 through 2028.
Supercapacitors: Technology Developments and Global Markets
The global supercapacitors market should reach $9.6 billion by 2027 from $4.6 billion in 2022 at a compound annual growth rate (CAGR) of 15.7% for the forecast period of 2022 to 2027.
Recent Reports
Industrial Furnaces: Global Markets
The global market for industrial furnaces is expected to grow from $11.8 billion in 2023 to $14.7 billion by the end of 2028, at a compound annual growth rate (CAGR) of 4.5% from 2023 through 2028.
Smart Parking Technologies and Global Markets
The global market for smart parking technologies is expected to increase from $38.7 billion in 2023 to $88.8 billion by the end of 2028, with a compound annual growth rate (CAGR) of 18.1% during the forecast period of 2023-2028.
Automotive Electronics: Global Markets for IC Engine and EVs
The global market for automotive electronics is estimated to increase from $337.9 billion in 2023 to reach $508.0 billion by 2028, at a compound annual growth rate (CAGR) of 8.5% during the forecast period of 2023-2028.
Flexible Green Packaging: Global Markets
The global market for flexible green packaging is estimated to increase from $235.1 billion in 2022 to $317.6 billion by 2027, at a compound annual growth rate (CAGR) of 6.2% from 2022 through 2027.
Digital Twin Market
The global market for digital twins is estimated to increase from $4.9 billion in 2021 to about $50.2 billion by 2026, at a compound annual growth rate (CAGR) of 59.0% during the forecast period of 2021-2026.
Top Trending Reports
Cell and Gene Therapy Tools, and Reagents: Global Markets
The global market for cell and gene therapy tools and reagents is estimated to grow from $8.3 billion in 2022 to $13.7 billion in 2027, with a compound annual growth rate (CAGR) of 10.6% for the period of 2022-2027.
World Markets for Fermentation Ingredients
The global fermentation-derived fine chemicals market should reach $42.4 billion by 2027 from $32.0 billion in 2022 at a compound annual growth rate (CAGR) of 5.8% for the forecast period of 2022 to 2027.
Digital Pathology: Technologies and Global Markets
The global digital pathology market is estimated to increase from $5.9 billion in 2022 to reach $10.7 billion by 2027, at a compound annual growth rate (CAGR) of 12.5% from 2022 through 2027.
Smartphone-Based Patient Monitoring: Global Market
The global smartphone-based patient monitoring market should reach $21.5 billion by 2027 from $6.8 billion in 2022 at a compound annual growth rate (CAGR) of 25.9% for the forecast period of 2022 to 2027.
Seawater and Brackish Water Desalination
The global market for seawater and brackish water desalination is estimated to increase from $14.7 billion in 2022 to $21.7 billion by 2027, at a compound annual growth rate (CAGR) of 8.1% from 2022 through 2027.
Become A Member
BCC Research offers a comprehensive library of reports, granting members unlimited access to data, insights, and market intelligence for informed business decisions, while actively supporting members in their evolving journeys and prioritizing high-quality, relevant topics based on continuous engagement with the research community.
Find Out MoreCustom Consulting
BCC Research emphasizes the importance of organizations leveraging highly customized market insights aligned with specific strategic business objectives through direct engagement with primary sources and proprietary forecasting models for profitable decision-making in maximizing growth opportunities and minimizing risks.
Customize NowScorecard
The Venture Scorecard provides commercialization offices and decision makers with expert analysis, offering strategic insights crucial for aligning objectives with market realities at various stages of commercializing new products or evaluating investment opportunities, from opportunity assessment to growth planning.
Find Out MoreInnovation Spotlight
Our industry experts offer strategic guidance to maximize the market potential of commercialized products, patents, and IP by providing insights into market trends, competitive dynamics, and effective positioning, using the Innovation Spotlight service for enhanced exposure to thought leaders and the wider community.
Find Out More