Report overview
Smart Grid is the integration and implementation of communication, automation and IT systems with the traditional electrical grid with the ability to monitor and control power flows from points of generation to consumption and manage the load to match generation in real-time or near real-time. Smart grid increases the predictability, visibility and control of generation and demand, bringing flexibility to the whole system. This facilitates the integration of intermittent energy from renewable generation and peak load management, which helps reduce the costs of peak power. The transformation of electrical grids to smarter grids depends on various smart grid equipment.
This report contains market size and forecasts of Smart Grid Equipment in global, including the following market information:
Global Smart Grid Equipment Market Revenue, 2017-2022, 2023-2028, ($ millions)
Global Smart Grid Equipment Market Sales, 2017-2022, 2023-2028, (Units)
Global top five Smart Grid Equipment companies in 2021 (%)
The global Smart Grid Equipment market was valued at million in 2021 and is projected to reach US$ million by 2028, at a CAGR of % during the forecast period.
The U.S. Market is Estimated at $ Million in 2021, While China is Forecast to Reach $ Million by 2028.
Transmission Equipment Segment to Reach $ Million by 2028, with a % CAGR in next six years.
The global key manufacturers of Smart Grid Equipment include ABB, GE-Alstom Grid, Eaton, Schneider Electric, Siemens, Emerson, Omron, Prysmian and Aclara, etc. In 2021, the global top five players have a share approximately % in terms of revenue.
We surveyed the Smart Grid Equipment manufacturers, suppliers, distributors and industry experts on this industry, involving the sales, revenue, demand, price change, product type, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Smart Grid Equipment Market, by Type, 2017-2022, 2023-2028 ($ Millions) & (Units)
Global Smart Grid Equipment Market Segment Percentages, by Type, 2021 (%)
Transmission Equipment
Distribution Equipment
Others
Global Smart Grid Equipment Market, by Application, 2017-2022, 2023-2028 ($ Millions) & (Units)
Global Smart Grid Equipment Market Segment Percentages, by Application, 2021 (%)
Residential Sector
Commercial Sector
Industrial Sector
Global Smart Grid Equipment Market, By Region and Country, 2017-2022, 2023-2028 ($ Millions) & (Units)
Global Smart Grid Equipment Market Segment Percentages, By Region and Country, 2021 (%)
North America
US
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Russia
Nordic Countries
Benelux
Rest of Europe
Asia
China
Japan
South Korea
Southeast Asia
India
Rest of Asia
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
Turkey
Israel
Saudi Arabia
UAE
Rest of Middle East & Africa
Competitor Analysis
The report also provides analysis of leading market participants including:
Key companies Smart Grid Equipment revenues in global market, 2017-2022 (Estimated), ($ millions)
Key companies Smart Grid Equipment revenues share in global market, 2021 (%)
Key companies Smart Grid Equipment sales in global market, 2017-2022 (Estimated), (Units)
Key companies Smart Grid Equipment sales share in global market, 2021 (%)
Further, the report presents profiles of competitors in the market, key players include:
ABB
GE-Alstom Grid
Eaton
Schneider Electric
Siemens
Emerson
Omron
Prysmian
Aclara
NARI Group
Mitsubishi
S & C Electric
Chint Group
