Smart Grid Market Trends 2021 | Segmentation, Outlook, Industry Report to 2027

The Smart Grid Market size is expected to grow at an annual average of 18% during 2021-2027. Smart grids are in high demand due to the growing demand for power and support regulations from governments across the region. Higher transmission and distribution losses are another factor driving the smart grid market. The growing demand for quality, safe and reliable power supplies is expected to ensure significant growth of the market. The global smart grid market is being shaped by growing concerns about a reduction in carbon footprint and the need to replace aging infrastructure. In addition to this, centralized grid distribution management and control is required.

The following segmentation are covered in this report:

By Communication Technology

• Wireline
• Wireless

By Application

• Generation
• Transmission
• Distribution
• Consumption

By End User

• Residential
• Commercial
• Industrial

Company Profile

• CISCO SYSTEMS INC.
• IBM CORPORATION
• SIEMENS AG
• SCHNEIDER ELECTRIC
• GENERAL ELECTRIC
• WIPRO LIMITED
• HONEYWELL INTERNATIONAL INC.
• ORACLE CORPORATION
• ABB
• ITRON

Scope of the report

The research study analyses the Smart Grid Market industry from 360-degree analysis of the market thoroughly delivering insights into the market for better business decisions, considering multiple aspects some of which are listed below as:

Recent developments

• Market overview and growth analysis
• Import and export overview
• Volume analysis
• Current market trends and future outlook
• Market opportunistic and attractive investment segment

Geographic coverage

• North america market size and/or volume
• Latin america market size and/or volume
• Europe market size and/or volume
• Asia-pacific market size and/or volume
• Rest of the world market size and/or volume

Key Questions Answered by Smart Grid Market Report

• What was the Smart Grid Market size in 2019 and 2020; what are the estimated growth trends and market forecast (2021-2027)
• What will be the CAGR of Market during the forecast period (2021-2027)?
• Which segments (product type/applications/end-user) were most attractive for investments in 2021? How these segments are expected to grow during the forecast period (2021-2027).
• Which manufacturer/vendor/players in the Smart Grid Market was the market leader in 2020?
• Overview on the existing product portfolio, products in the pipeline, and strategic initiatives taken by key vendors in the market.