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Asia-Pacific Smart Grid Security Market Size, Share & Trends Analysis Report By Services, By Deployment, By Application, By Enterprise Size, By Country and Growth Forecast, 2024 - 2031

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    Report

  • 164 Pages
  • September 2024
  • Region: Asia Pacific
  • Marqual IT Solutions Pvt. Ltd (KBV Research)
  • ID: 6010209
The Asia Pacific Smart Grid Security Market is expected to witness market growth of 30.1% CAGR during the forecast period (2024-2031).

The China market dominated the Asia Pacific Smart Grid Security Market by Country in 2023, and is expected to continue to be a dominant market till 2031; thereby, achieving a market value of USD3.46 billion by 2031. The Japan market is registering a CAGR of 29.2% during 2024-2031. Additionally, the India market would showcase a CAGR of 30.8% during 2024-2031.



A smart grid is an electricity network that employs digital technology to optimize electricity production, distribution, and consumption, as well as to monitor and control it. The smart grid incorporates advanced sensors, smart meters, automation technologies, and data communication networks to enable real-time monitoring and management of energy flows.

Moreover, this enables utilities to enhance the overall efficacy of the electricity system, reduce energy losses, and more effectively balance supply and demand. Furthermore, it enables the integration of renewable energy sources and grants consumers greater autonomy in managing their energy consumption. However, the very features that make smart grids more efficient and flexible also introduce new vulnerabilities that need to be addressed through enhanced security measures.

Countries like China, India, Japan, South Korea, and Australia are making significant investments in industrial and energy infrastructure, necessitating the adoption of smart grid security technologies to ensure reliability and efficiency. China is at the forefront of the smart grid security market in the Asia Pacific, propelled by its ambitious energy transition goals and rapid digitalization of its electrical grid. State Grid Corporation of China (SGCC) spearheads large-scale smart grid initiatives, including deploying smart meters and advanced grid automation technologies.

List of Key Companies Profiled

  • Broadcom, Inc.
  • Cisco Systems, Inc.
  • IBM Corporation
  • Siemens AG
  • Oracle Corporation
  • Honeywell International, Inc.
  • ABB Group
  • General Electric Company
  • Schneider Electric SE
  • Hitachi, Ltd.

Market Report Segmentation

By Services

  • Professional Services
  • Managed Services

By Deployment

  • Cloud
  • On-premises

By Application

  • Smart Application
  • Smart Meters
  • Other Applications

By Enterprise Size

  • Large Enterprises
  • SMEs

By Security Type

  • Network Security
  • Application Security
  • Endpoint Security
  • Database Security

By Country

  • China
  • Japan
  • India
  • South Korea
  • Singapore
  • Malaysia
  • Rest of Asia Pacific

Table of Contents

Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 Asia Pacific Smart Grid Security Market, by Services
1.4.2 Asia Pacific Smart Grid Security Market, by Deployment
1.4.3 Asia Pacific Smart Grid Security Market, by Application
1.4.4 Asia Pacific Smart Grid Security Market, by Enterprise Size
1.4.5 Asia Pacific Smart Grid Security Market, by Security Type
1.4.6 Asia Pacific Smart Grid Security Market, by Country
1.5 Methodology for the research
Chapter 2. Market at a Glance
2.1 Key Highlights
Chapter 3. Market Overview
3.1 Introduction
3.1.1 Overview
3.1.1.1 Market Composition and Scenario
3.2 Key Factors Impacting the Market
3.2.1 Market Drivers
3.2.2 Market Restraints
3.2.3 Market Opportunities
3.2.4 Market Challenges
Chapter 4. Competition Analysis - Global
4.1 Cardinal Matrix
4.2 Recent Industry Wide Strategic Developments
4.2.1 Partnerships, Collaborations and Agreements
4.2.2 Product Launches and Product Expansions
4.2.3 Acquisition and Mergers
4.3 Market Share Analysis, 2023
4.4 Top Winning Strategies
4.4.1 Key Leading Strategies: Percentage Distribution (2020-2024)
4.4.2 Key Strategic Move: (Partnerships, Collaborations & Agreements: 2020, Nov - 2024, Jun) Leading Players
4.5 Porter Five Forces Analysis
Chapter 5. Asia Pacific Smart Grid Security Market by Services
5.1 Asia Pacific Professional Services Market by Country
5.2 Asia Pacific Managed Services Market by Country
Chapter 6. Asia Pacific Smart Grid Security Market by Deployment
6.1 Asia Pacific Cloud Market by Country
6.2 Asia Pacific On-premises Market by Country
Chapter 7. Asia Pacific Smart Grid Security Market by Application
7.1 Asia Pacific Smart Application Market by Country
7.2 Asia Pacific Smart Meters Market by Country
7.3 Asia Pacific Other Applications Market by Country
Chapter 8. Asia Pacific Smart Grid Security Market by Enterprise Size
8.1 Asia Pacific Large Enterprises Market by Country
8.2 Asia Pacific SMEs Market by Country
Chapter 9. Asia Pacific Smart Grid Security Market by Security Type
9.1 Asia Pacific Network Security Market by Country
9.2 Asia Pacific Application Security Market by Country
9.3 Asia Pacific Endpoint Security Market by Country
9.4 Asia Pacific Database Security Market by Country
Chapter 10. Asia Pacific Smart Grid Security Market by Country
10.1 China Smart Grid Security Market
10.1.1 China Smart Grid Security Market by Services
10.1.2 China Smart Grid Security Market by Deployment
10.1.3 China Smart Grid Security Market by Application
10.1.4 China Smart Grid Security Market by Enterprise Size
10.1.5 China Smart Grid Security Market by Security Type
10.2 Japan Smart Grid Security Market
10.2.1 Japan Smart Grid Security Market by Services
10.2.2 Japan Smart Grid Security Market by Deployment
10.2.3 Japan Smart Grid Security Market by Application
10.2.4 Japan Smart Grid Security Market by Enterprise Size
10.2.5 Japan Smart Grid Security Market by Security Type
10.3 India Smart Grid Security Market
10.3.1 India Smart Grid Security Market by Services
10.3.2 India Smart Grid Security Market by Deployment
10.3.3 India Smart Grid Security Market by Application
10.3.4 India Smart Grid Security Market by Enterprise Size
10.3.5 India Smart Grid Security Market by Security Type
10.4 South Korea Smart Grid Security Market
10.4.1 South Korea Smart Grid Security Market by Services
10.4.2 South Korea Smart Grid Security Market by Deployment
10.4.3 South Korea Smart Grid Security Market by Application
10.4.4 South Korea Smart Grid Security Market by Enterprise Size
10.4.5 South Korea Smart Grid Security Market by Security Type
10.5 Singapore Smart Grid Security Market
10.5.1 Singapore Smart Grid Security Market by Services
10.5.2 Singapore Smart Grid Security Market by Deployment
10.5.3 Singapore Smart Grid Security Market by Application
10.5.4 Singapore Smart Grid Security Market by Enterprise Size
10.5.5 Singapore Smart Grid Security Market by Security Type
10.6 Malaysia Smart Grid Security Market
10.6.1 Malaysia Smart Grid Security Market by Services
10.6.2 Malaysia Smart Grid Security Market by Deployment
10.6.3 Malaysia Smart Grid Security Market by Application
10.6.4 Malaysia Smart Grid Security Market by Enterprise Size
10.6.5 Malaysia Smart Grid Security Market by Security Type
10.7 Rest of Asia Pacific Smart Grid Security Market
10.7.1 Rest of Asia Pacific Smart Grid Security Market by Services
10.7.2 Rest of Asia Pacific Smart Grid Security Market by Deployment
10.7.3 Rest of Asia Pacific Smart Grid Security Market by Application
10.7.4 Rest of Asia Pacific Smart Grid Security Market by Enterprise Size
10.7.5 Rest of Asia Pacific Smart Grid Security Market by Security Type
Chapter 11. Company Profiles
11.1 Broadcom, Inc.
11.1.1 Company Overview
11.1.2 Financial Analysis
11.1.3 Segmental and Regional Analysis
11.1.4 Research & Development Expense
11.1.5 SWOT Analysis
11.2 Cisco Systems, Inc.
11.2.1 Company Overview
11.2.2 Financial Analysis
11.2.3 Regional Analysis
11.2.4 Research & Development Expense
11.2.5 Recent strategies and developments
11.2.5.1 Partnerships, Collaborations, and Agreements
11.2.5.2 Acquisition and Mergers
11.2.6 SWOT Analysis
11.3 Siemens AG
11.3.1 Company Overview
11.3.2 Financial Analysis
11.3.3 Segmental and Regional Analysis
11.3.4 Research & Development Expense
11.3.5 Recent strategies and developments
11.3.5.1 Partnerships, Collaborations, and Agreements
11.3.5.2 Acquisition and Mergers
11.3.6 SWOT Analysis
11.4 IBM Corporation
11.4.1 Company Overview
11.4.2 Financial Analysis
11.4.3 Regional & Segmental Analysis
11.4.4 Research & Development Expenses
11.4.5 Recent strategies and developments
11.4.5.1 Partnerships, Collaborations, and Agreements
11.4.5.2 Acquisition and Mergers
11.4.6 SWOT Analysis
11.5 Oracle Corporation
11.5.1 Company Overview
11.5.2 Financial Analysis
11.5.3 Segmental and Regional Analysis
11.5.4 Research & Development Expense
11.5.5 Recent strategies and developments
11.5.5.1 Partnerships, Collaborations, and Agreements
11.5.5.2 Product Launches and Product Expansions
11.5.6 SWOT Analysis
11.6 Honeywell International, Inc.
11.6.1 Company Overview
11.6.2 Financial Analysis
11.6.3 Segmental and Regional Analysis
11.6.4 Research & Development Expenses
11.6.5 Recent strategies and developments
11.6.5.1 Partnerships, Collaborations, and Agreements
11.6.5.2 Product Launches and Product Expansions
11.6.6 SWOT Analysis
11.7 ABB Group
11.7.1 Company Overview
11.7.2 Financial Analysis
11.7.3 Segmental and Regional Analysis
11.7.4 Research & Development Expense
11.7.5 Recent strategies and developments
11.7.5.1 Product Launches and Product Expansions
11.7.6 SWOT Analysis
11.8 Schneider Electric SE
11.8.1 Company Overview
11.8.2 Financial Analysis
11.8.3 Segmental and Regional Analysis
11.8.4 Research & Development Expense
11.8.5 Recent strategies and developments
11.8.5.1 Partnerships, Collaborations, and Agreements
11.8.5.2 Product Launches and Product Expansions
11.8.6 SWOT Analysis
11.9 General Electric Company
11.9.1 Company Overview
11.9.2 Financial Analysis
11.9.3 Segmental and Regional Analysis
11.9.4 Research & Development Expense
11.9.5 Recent strategies and developments
11.9.5.1 Product Launches and Product Expansions
11.9.6 SWOT Analysis
11.10. Hitachi, Ltd.
11.10.1 Company Overview
11.10.2 Financial Analysis
11.10.3 Segmental and Regional Analysis
11.10.4 Research & Development Expenses
11.10.5 Recent strategies and developments
11.10.5.1 Partnerships, Collaborations, and Agreements
11.10.5.2 Product Launches and Product Expansions
11.10.5.3 Acquisition and Mergers
11.10.6 SWOT Analysis

Companies Mentioned

Some of the key companies in the Asia-Pacific Smart Grid Security Market include:
  • Broadcom, Inc.
  • Cisco Systems, Inc.
  • IBM Corporation
  • Siemens AG
  • Oracle Corporation
  • Honeywell International, Inc.
  • ABB Group
  • General Electric Company
  • Schneider Electric SE
  • Hitachi, Ltd.

Methodology

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