Smart grid is a type of electrical grid which includes a variety of operational and energy measures including smart meters, smart appliances, renewable energy resources, and energy efficient resources.
LPI (LP Information)' newest research report, the “Smart Grid Industry Forecast” looks at past sales and reviews total world Smart Grid sales in 2022, providing a comprehensive analysis by region and market sector of projected Smart Grid sales for 2023 through 2029. With Smart Grid sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Smart Grid industry.
This Insight Report provides a comprehensive analysis of the global Smart Grid landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Smart Grid portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Smart Grid market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Smart Grid and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Smart Grid.
The global Smart Grid market size is projected to grow from US$ 33980 million in 2022 to US$ 114020 million in 2029; it is expected to grow at a CAGR of 18.9% from 2023 to 2029.
United States market for Smart Grid is estimated to increase from US$ million in 2022 to US$ million by 2029, at a CAGR of % from 2023 through 2029.
China market for Smart Grid is estimated to increase from US$ million in 2022 to US$ million by 2029, at a CAGR of % from 2023 through 2029.
Europe market for Smart Grid is estimated to increase from US$ million in 2022 to US$ million by 2029, at a CAGR of % from 2023 through 2029.
Global key Smart Grid players cover ABB, Siemens, Cisco, Belden, Deutsche Telekom, Microchip Technology Inc., Itron, Fujitsu and GE, etc. In terms of revenue, the global two largest companies occupied for a share nearly % in 2022.
This report presents a comprehensive overview, market shares, and growth opportunities of Smart Grid market by product type, application, key players and key regions and countries.
Market Segmentation:
Segmentation by type
Software
Hardware
Service
Segmentation by application
Automotive
Oil & Gas
Mining
Manufacturing Industry
Building Automation
Other Application
This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
ABB
Siemens
Cisco
Belden
Deutsche Telekom
Microchip Technology Inc.
Itron
Fujitsu
GE
Huawei
Schneider Electric
Landis+GYR
Aclara Technologies
Open Systems International
International Business Machines Corporation
Wipro Limited
Oracle Corporation

1 Scope of the Report 1.1 Market Introduction 1.2 Years Considered 1.3 Research Objectives 1.4 Market Research Methodology 1.5 Research Process and Data Source 1.6 Economic Indicators 1.7 Currency Considered 1.8 Market Estimation Caveats 2 Executive Summary 2.1 World Market Overview 2.1.1 Global Smart Grid Market Size 2018-2029 2.1.2 Smart Grid Market Size CAGR by Region 2018 VS 2022 VS 2029 2.2 Smart Grid Segment by Type 2.2.1 Software 2.2.2 Hardware 2.2.3 Service 2.3 Smart Grid Market Size by Type 2.3.1 Smart Grid Market Size CAGR by Type (2018 VS 2022 VS 2029) 2.3.2 Global Smart Grid Market Size Market Share by Type (2018-2023) 2.4 Smart Grid Segment by Application 2.4.1 Automotive 2.4.2 Oil & Gas 2.4.3 Mining 2.4.4 Manufacturing Industry 2.4.5 Building Automation 2.4.6 Other Application 2.5 Smart Grid Market Size by Application 2.5.1 Smart Grid Market Size CAGR by Application (2018 VS 2022 VS 2029) 2.5.2 Global Smart Grid Market Size Market Share by Application (2018-2023) 3 Smart Grid Market Size by Player 3.1 Smart Grid Market Size Market Share by Players 3.1.1 Global Smart Grid Revenue by Players (2018-2023) 3.1.2 Global Smart Grid Revenue Market Share by Players (2018-2023) 3.2 Global Smart Grid Key Players Head office and Products Offered 3.3 Market Concentration Rate Analysis 3.3.1 Competition Landscape Analysis 3.3.2 Concentration Ratio (CR3, CR5 and CR10) & (2021-2023) 3.4 New Products and Potential Entrants 3.5 Mergers & Acquisitions, Expansion 4 Smart Grid by Regions 4.1 Smart Grid Market Size by Regions (2018-2023) 4.2 Americas Smart Grid Market Size Growth (2018-2023) 4.3 APAC Smart Grid Market Size Growth (2018-2023) 4.4 Europe Smart Grid Market Size Growth (2018-2023) 4.5 Middle East & Africa Smart Grid Market Size Growth (2018-2023) 5 Americas 5.1 Americas Smart Grid Market Size by Country (2018-2023) 5.2 Americas Smart Grid Market Size by Type (2018-2023) 5.3 Americas Smart Grid Market Size by Application (2018-2023) 5.4 United States 5.5 Canada 5.6 Mexico 5.7 Brazil 6 APAC 6.1 APAC Smart Grid Market Size by Region (2018-2023) 6.2 APAC Smart Grid Market Size by Type (2018-2023) 6.3 APAC Smart Grid Market Size by Application (2018-2023) 6.4 China 6.5 Japan 6.6 Korea 6.7 Southeast Asia 6.8 India 6.9 Australia 7 Europe 7.1 Europe Smart Grid by Country (2018-2023) 7.2 Europe Smart Grid Market Size by Type (2018-2023) 7.3 Europe Smart Grid Market Size by Application (2018-2023) 7.4 Germany 7.5 France 7.6 UK 7.7 Italy 7.8 Russia 8 Middle East & Africa 8.1 Middle East & Africa Smart Grid by Region (2018-2023) 8.2 Middle East & Africa Smart Grid Market Size by Type (2018-2023) 8.3 Middle East & Africa Smart Grid Market Size by Application (2018-2023) 8.4 Egypt 8.5 South Africa 8.6 Israel 8.7 Turkey 8.8 GCC Countries 9 Market Drivers, Challenges and Trends 9.1 Market Drivers & Growth Opportunities 9.2 Market Challenges & Risks 9.3 Industry Trends 10 Global Smart Grid Market Forecast 10.1 Global Smart Grid Forecast by Regions (2024-2029) 10.1.1 Global Smart Grid Forecast by Regions (2024-2029) 10.1.2 Americas Smart Grid Forecast 10.1.3 APAC Smart Grid Forecast 10.1.4 Europe Smart Grid Forecast 10.1.5 Middle East & Africa Smart Grid Forecast 10.2 Americas Smart Grid Forecast by Country (2024-2029) 10.2.1 United States Smart Grid Market Forecast 10.2.2 Canada Smart Grid Market Forecast 10.2.3 Mexico Smart Grid Market Forecast 10.2.4 Brazil Smart Grid Market Forecast 10.3 APAC Smart Grid Forecast by Region (2024-2029) 10.3.1 China Smart Grid Market Forecast 10.3.2 Japan Smart Grid Market Forecast 10.3.3 Korea Smart Grid Market Forecast 10.3.4 Southeast Asia Smart Grid Market Forecast 10.3.5 India Smart Grid Market Forecast 10.3.6 Australia Smart Grid Market Forecast 10.4 Europe Smart Grid Forecast by Country (2024-2029) 10.4.1 Germany Smart Grid Market Forecast 10.4.2 France Smart Grid Market Forecast 10.4.3 UK Smart Grid Market Forecast 10.4.4 Italy Smart Grid Market Forecast 10.4.5 Russia Smart Grid Market Forecast 10.5 Middle East & Africa Smart Grid Forecast by Region (2024-2029) 10.5.1 Egypt Smart Grid Market Forecast 10.5.2 South Africa Smart Grid Market Forecast 10.5.3 Israel Smart Grid Market Forecast 10.5.4 Turkey Smart Grid Market Forecast 10.5.5 GCC Countries Smart Grid Market Forecast 10.6 Global Smart Grid Forecast by Type (2024-2029) 10.7 Global Smart Grid Forecast by Application (2024-2029) 11 Key Players Analysis 11.1 ABB 11.1.1 ABB Company Information 11.1.2 ABB Smart Grid Product Offered 11.1.3 ABB Smart Grid Revenue, Gross Margin and Market Share (2018-2023) 11.1.4 ABB Main Business Overview 11.1.5 ABB Latest Developments 11.2 Siemens 11.2.1 Siemens Company Information 11.2.2 Siemens Smart Grid Product Offered 11.2.3 Siemens Smart Grid Revenue, Gross Margin and Market Share (2018-2023) 11.2.4 Siemens Main Business Overview 11.2.5 Siemens Latest Developments 11.3 Cisco 11.3.1 Cisco Company Information 11.3.2 Cisco Smart Grid Product Offered 11.3.3 Cisco Smart Grid Revenue, Gross Margin and Market Share (2018-2023) 11.3.4 Cisco Main Business Overview 11.3.5 Cisco Latest Developments 11.4 Belden 11.4.1 Belden Company Information 11.4.2 Belden Smart Grid Product Offered 11.4.3 Belden Smart Grid Revenue, Gross Margin and Market Share (2018-2023) 11.4.4 Belden Main Business Overview 11.4.5 Belden Latest Developments 11.5 Deutsche Telekom 11.5.1 Deutsche Telekom Company Information 11.5.2 Deutsche Telekom Smart Grid Product Offered 11.5.3 Deutsche Telekom Smart Grid Revenue, Gross Margin and Market Share (2018-2023) 11.5.4 Deutsche Telekom Main Business Overview 11.5.5 Deutsche Telekom Latest Developments 11.6 Microchip Technology Inc. 11.6.1 Microchip Technology Inc. Company Information 11.6.2 Microchip Technology Inc. Smart Grid Product Offered 11.6.3 Microchip Technology Inc. Smart Grid Revenue, Gross Margin and Market Share (2018-2023) 11.6.4 Microchip Technology Inc. Main Business Overview 11.6.5 Microchip Technology Inc. Latest Developments 11.7 Itron 11.7.1 Itron Company Information 11.7.2 Itron Smart Grid Product Offered 11.7.3 Itron Smart Grid Revenue, Gross Margin and Market Share (2018-2023) 11.7.4 Itron Main Business Overview 11.7.5 Itron Latest Developments 11.8 Fujitsu 11.8.1 Fujitsu Company Information 11.8.2 Fujitsu Smart Grid Product Offered 11.8.3 Fujitsu Smart Grid Revenue, Gross Margin and Market Share (2018-2023) 11.8.4 Fujitsu Main Business Overview 11.8.5 Fujitsu Latest Developments 11.9 GE 11.9.1 GE Company Information 11.9.2 GE Smart Grid Product Offered 11.9.3 GE Smart Grid Revenue, Gross Margin and Market Share (2018-2023) 11.9.4 GE Main Business Overview 11.9.5 GE Latest Developments 11.10 Huawei 11.10.1 Huawei Company Information 11.10.2 Huawei Smart Grid Product Offered 11.10.3 Huawei Smart Grid Revenue, Gross Margin and Market Share (2018-2023) 11.10.4 Huawei Main Business Overview 11.10.5 Huawei Latest Developments 11.11 Schneider Electric 11.11.1 Schneider Electric Company Information 11.11.2 Schneider Electric Smart Grid Product Offered 11.11.3 Schneider Electric Smart Grid Revenue, Gross Margin and Market Share (2018-2023) 11.11.4 Schneider Electric Main Business Overview 11.11.5 Schneider Electric Latest Developments 11.12 Landis+GYR 11.12.1 Landis+GYR Company Information 11.12.2 Landis+GYR Smart Grid Product Offered 11.12.3 Landis+GYR Smart Grid Revenue, Gross Margin and Market Share (2018-2023) 11.12.4 Landis+GYR Main Business Overview 11.12.5 Landis+GYR Latest Developments 11.13 Aclara Technologies 11.13.1 Aclara Technologies Company Information 11.13.2 Aclara Technologies Smart Grid Product Offered 11.13.3 Aclara Technologies Smart Grid Revenue, Gross Margin and Market Share (2018-2023) 11.13.4 Aclara Technologies Main Business Overview 11.13.5 Aclara Technologies Latest Developments 11.14 Open Systems International 11.14.1 Open Systems International Company Information 11.14.2 Open Systems International Smart Grid Product Offered 11.14.3 Open Systems International Smart Grid Revenue, Gross Margin and Market Share (2018-2023) 11.14.4 Open Systems International Main Business Overview 11.14.5 Open Systems International Latest Developments 11.15 International Business Machines Corporation 11.15.1 International Business Machines Corporation Company Information 11.15.2 International Business Machines Corporation Smart Grid Product Offered 11.15.3 International Business Machines Corporation Smart Grid Revenue, Gross Margin and Market Share (2018-2023) 11.15.4 International Business Machines Corporation Main Business Overview 11.15.5 International Business Machines Corporation Latest Developments 11.16 Wipro Limited 11.16.1 Wipro Limited Company Information 11.16.2 Wipro Limited Smart Grid Product Offered 11.16.3 Wipro Limited Smart Grid Revenue, Gross Margin and Market Share (2018-2023) 11.16.4 Wipro Limited Main Business Overview 11.16.5 Wipro Limited Latest Developments 11.17 Oracle Corporation 11.17.1 Oracle Corporation Company Information 11.17.2 Oracle Corporation Smart Grid Product Offered 11.17.3 Oracle Corporation Smart Grid Revenue, Gross Margin and Market Share (2018-2023) 11.17.4 Oracle Corporation Main Business Overview 11.17.5 Oracle Corporation Latest Developments 12 Research Findings and Conclusion