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The power grid market is forecasted to grow by USD 93.89 bn during 2023-2028, accelerating at a CAGR of 5.94% during the forecast period. The report on the power grid market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.Speak directly to the analyst to clarify any post sales queries you may have.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by rising adoption of renewable energy sources, expansion of electrification in transportation sectors, and growing energy demands in emerging countries.
The power grid market is segmented as below:
By Component
- Cables
- Switchgear
- Transformers
- Variable speed drives
- Others
By Application
- Distribution
- Generation
- Transmission
By Geographical Landscape
- APAC
- North America
- Europe
- Middle East and Africa
- South America
The report on the power grid market covers the following areas:
- Power grid market sizing
- Power grid market forecast
- Power grid market industry analysis
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.
Table of Contents
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Component
7 Market Segmentation by Application
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
List of Exhibits
Executive Summary
The publisher recognizes the following companies as the key players in the global power grid market: ABB Ltd., Eaton Corp. Plc, Fuji Electric Co. Ltd., General Electric Co., Havells India Ltd., Hubbell Inc., LS ELECTRIC Co. Ltd., Mitsubishi Electric Corp., National Grid plc, Nexans SA, Nextera Energy Inc., Powell Industries Inc., Prysmian Spa, Schneider Electric SE, Secheron SA, Siemens Energy AG, Southwire Co. LLC, Tata Power Co. Ltd., Toshiba Corp., and VIKRAM SOLAR LTD..Commenting on the report, an analyst from the research team said: 'The latest trend gaining momentum in the market is high adoption of smart grid technologies.'
According to the report, one of the major drivers for this market is the rising adoption of renewable energy sources.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- ABB Ltd.
- Eaton Corp. Plc
- Fuji Electric Co. Ltd.
- General Electric Co.
- Havells India Ltd.
- Hubbell Inc.
- LS ELECTRIC Co. Ltd.
- Mitsubishi Electric Corp.
- National Grid plc
- Nexans SA
- Nextera Energy Inc.
- Powell Industries Inc.
- Prysmian Spa
- Schneider Electric SE
- Secheron SA
- Siemens Energy AG
- Southwire Co. LLC
- Tata Power Co. Ltd.
- Toshiba Corp.
- VIKRAM SOLAR LTD.
