Smart Grid Market: Global Industry Analysis, Trends, Market Size, and Forecasts up to 2028

The report on the global smart grid market provides qualitative and quantitative analysis for the period from 2020 to 2028. The report predicts the global smart grid market to grow with a CAGR of more than 19% over the forecast period from 2022-2028. The study on smart grid market covers the analysis of the leading geographies such as North America, Europe, Asia-Pacific, and RoW for the period of 2020 to 2028.

The report on smart grid market is a comprehensive study and presentation of drivers, restraints, opportunities, demand factors, market size, forecasts, and trends in the global smart grid market over the period of 2020 to 2028. Moreover, the report is a collective presentation of primary and secondary research findings.

Porter's five forces model in the report provides insights into the competitive rivalry, supplier and buyer positions in the market and opportunities for the new entrants in the global smart grid market over the period of 2020 to 2028. Further, IGR- Growth Matrix gave in the report brings an insight into the investment areas that existing or new market players can consider.

Report Findings

1) Drivers

• Growing energy demand across the globe
• Favorable government policies and the development of smart cities across the globe

2) Restraints

• High operational and maintenance costs after the deployment of smart grid technology

3) Opportunities

• Rising investments in R&D activities

Research Methodology

A) Primary Research

The primary research involves extensive interviews and analysis of the opinions provided by the primary respondents. The primary research starts with identifying and approaching the primary respondents, the primary respondents are approached include
1. Key Opinion Leaders associated with the publisher
2. Internal and External subject matter experts
3. Professionals and participants from the industry

The primary research respondents typically include

1. Executives working with leading companies in the market under review
2. Product/brand/marketing managers
3. CXO level executives
4. Regional/zonal/country managers
5. Vice President level executives

B) Secondary Research

Secondary research involves extensive exploring through the secondary sources of information available in both the public domain and paid sources. At the publisher, each research study is based on over 500 hours of secondary research accompanied by primary research. The information obtained through the secondary sources is validated through the crosscheck on various data sources.

The secondary sources of the data typically include

1. Company reports and publications
2. Government/institutional publications
3. Trade and associations journals
4. Databases such as WTO, OECD, World Bank, and among others
5. Websites and publications by research agencies

Segments Covered

The global smart grid market is segmented on the basis of component, and application.

The Global Smart Grid Market by Component

• Software
• Hardware
• Services

The Global Smart Grid Market by Application

• Generation
• Transmission
• Distribution
• Consumption/End Use

Company Profiles

The companies covered in the report include:

• General Electric Company
• Schneider Electric SE
• Landis+Gyr AG
• GridPoint Inc
• Schweitzer Engineering Laboratories, Inc.
• Siemens AG
• ABB Ltd
• ALSTOM
• Sensus
• Aclara Technologies LLC

What does this Report Deliver?

1. Comprehensive analysis of the global as well as regional markets of the smart grid market
2. Complete coverage of all the segments in the smart grid market to analyze the trends, developments in the global market and forecast of market size up to 2028
3. Comprehensive analysis of the companies operating in the global smart grid market. The company profile includes analysis of product portfolio, revenue, SWOT analysis and latest developments of the company
4. IGR- Growth Matrix presents an analysis of the product segments and geographies that market players should focus to invest, consolidate, expand and/or diversify