The global industrial smart grid market is expected to grow at a CAGR of 12.5% during the forecast period, from 2021 to 2030. The market is driven by factors such as increasing demand for energy efficiency and renewable energy sources, growing need for data analytics in the industry, and increasing investments in smart grid technologies. The software segment accounted for the largest share of the global industrial smart grid market in 2018. The growth of this segment can be attributed to its wide applicability across various industries such as automotive, oil & gas, mining, manufacturing industry and building automation application.
Some Of The Growth Factors Of This Market:
- The Industrial Smart Grid market is driven by factors such as increasing demand for energy efficiency, growing need for renewable energy sources, and increasing investments in smart grid technologies.
- Increasing investments in smart grid technologies are expected to drive the growth of the Industrial Smart Grid market during the forecast period.
- Increasing demand for energy efficiency and growing need for renewable energy sources are also driving factors that will contribute to the growth of this market during the forecast period.
- The industrial sector is one of the largest consumers of electricity globally and it has been estimated that it accounts for about 40% of global electricity consumption.
Industry Growth Insights published a new data on “Industrial Smart Grid Market”. The research report is titled “Industrial Smart Grid Market research by Types (Software, Hardware, Service), By Applications (Automotive, Oil & Gas, Mining, Manufacturing Industry, Building Automation, Other Application), By Players/Companies 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”.
Scope Of The Report
Report Attributes
Report Details
Report Title
Industrial Smart Grid Market Research Report
By Type
Software, Hardware, Service
By Application
Automotive, Oil & Gas, Mining, Manufacturing Industry, Building Automation, Other Application
By Companies
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
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
242
Number of Tables & Figures
170
Customization Available
Yes, the report can be customized as per your need.
Global Industrial Smart Grid Market Report Segments:
The global Industrial Smart Grid market is segmented on the basis of:
Types
Software, Hardware, Service
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Automotive, Oil & Gas, Mining, Manufacturing Industry, Building Automation, Other Application
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- 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
Highlights of The Industrial Smart Grid Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Software
- Hardware
- Service
- By Application:
- Automotive
- Oil & Gas
- Mining
- Manufacturing Industry
- Building Automation
- Other Application
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Industrial Smart Grid Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Industrial Smart Grid is a term used to describe the integration of energy management and communication technologies into industrial processes. This allows factories, plants, and other industrial facilities to optimize their energy use, manage disruptions in power supply, and communicate with each other about operational status.
Some of the major companies in the industrial smart grid market are 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.
The industrial smart grid market is expected to grow at a compound annual growth rate of 12.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Industrial Smart Grid Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Industrial Smart Grid Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Industrial Smart Grid Market - Supply Chain
4.5. Global Industrial Smart Grid Market Forecast
4.5.1. Industrial Smart Grid Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Industrial Smart Grid Market Size (000 Units) and Y-o-Y Growth
4.5.3. Industrial Smart Grid Market Absolute $ Opportunity
5. Global Industrial Smart Grid Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Industrial Smart Grid Market Size and Volume Forecast by Type
5.3.1. Software
5.3.2. Hardware
5.3.3. Service
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Industrial Smart Grid Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Industrial Smart Grid Market Size and Volume Forecast by Application
6.3.1. Automotive
6.3.2. Oil & Gas
6.3.3. Mining
6.3.4. Manufacturing Industry
6.3.5. Building Automation
6.3.6. Other Application
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Industrial Smart Grid Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Industrial Smart Grid Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Industrial Smart Grid Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Industrial Smart Grid Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Industrial Smart Grid Demand Share Forecast, 2019-2026
9. North America Industrial Smart Grid Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Industrial Smart Grid Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Industrial Smart Grid Market Size and Volume Forecast by Application
9.4.1. Automotive
9.4.2. Oil & Gas
9.4.3. Mining
9.4.4. Manufacturing Industry
9.4.5. Building Automation
9.4.6. Other Application
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Industrial Smart Grid Market Size and Volume Forecast by Type
9.7.1. Software
9.7.2. Hardware
9.7.3. Service
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Industrial Smart Grid Demand Share Forecast, 2019-2026
10. Latin America Industrial Smart Grid Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Industrial Smart Grid Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Industrial Smart Grid Market Size and Volume Forecast by Application
10.4.1. Automotive
10.4.2. Oil & Gas
10.4.3. Mining
10.4.4. Manufacturing Industry
10.4.5. Building Automation
10.4.6. Other Application
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Industrial Smart Grid Market Size and Volume Forecast by Type
10.7.1. Software
10.7.2. Hardware
10.7.3. Service
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Industrial Smart Grid Demand Share Forecast, 2019-2026
11. Europe Industrial Smart Grid Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Industrial Smart Grid Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Industrial Smart Grid Market Size and Volume Forecast by Application
11.4.1. Automotive
11.4.2. Oil & Gas
11.4.3. Mining
11.4.4. Manufacturing Industry
11.4.5. Building Automation
11.4.6. Other Application
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Industrial Smart Grid Market Size and Volume Forecast by Type
11.7.1. Software
11.7.2. Hardware
11.7.3. Service
11.8. Basis oint Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Industrial Smart Grid Demand Share, 2019-2026
12. Asia Pacific Industrial Smart Grid Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Industrial Smart Grid Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Industrial Smart Grid Market Size and Volume Forecast by Application
12.4.1. Automotive
12.4.2. Oil & Gas
12.4.3. Mining
12.4.4. Manufacturing Industry
12.4.5. Building Automation
12.4.6. Other Application
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Industrial Smart Grid Market Size and Volume Forecast by Type
12.7.1. Software
12.7.2. Hardware
12.7.3. Service
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Industrial Smart Grid Demand Share, 2019-2026
13. Middle East & Africa Industrial Smart Grid Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Industrial Smart Grid Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Industrial Smart Grid Market Size and Volume Forecast by Application
13.4.1. Automotive
13.4.2. Oil & Gas
13.4.3. Mining
13.4.4. Manufacturing Industry
13.4.5. Building Automation
13.4.6. Other Application
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Industrial Smart Grid Market Size and Volume Forecast by Type
13.7.1. Software
13.7.2. Hardware
13.7.3. Service
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Industrial Smart Grid Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Industrial Smart Grid Market: Market Share Analysis
14.2. Industrial Smart Grid Distributors and Customers
14.3. Industrial Smart Grid Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. ABB
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Siemens
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Cisco
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Belden
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Deutsche Telekom
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Microchip Technology Inc.
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Itron
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Fujitsu
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. GE
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Huawei
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Schneider Electric
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Landis+GYR
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Aclara Technologies
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. Open Systems International
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. International Business Machines Corporation
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. Wipro Limited
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. Oracle Corporation
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook