Global Smart Grid Solution Market Research Report 2023

Grid Solutions provides a smart energy management solution which controls and optimizes the full range of local energy resources available to solar districts in real time through an array of flexible solutions that are compared and incorporated into the grid.

The global Smart Grid Solution market was valued at US$ million in 2022 and is anticipated to reach US$ million by 2029, witnessing a CAGR of % during the forecast period 2023-2029. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.

The major growth drivers of the Smart Grid Solution market include increasing spending on energy efficiency programs coupled with regulatory government mandates.

This report aims to provide a comprehensive presentation of the global market for Smart Grid Solution, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Smart Grid Solution.

The Smart Grid Solution market size, estimations, and forecasts are provided in terms of and revenue ($ millions), considering 2022 as the base year, with history and forecast data for the period from 2018 to 2029. This report segments the global Smart Grid Solution market comprehensively. Regional market sizes, concerning products by type, by application, and by players, are also provided.

For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.

The report will help the Smart Grid Solution companies, new entrants, and industry chain related companies in this market with information on the revenues for the overall market and the sub-segments across the different segments, by company, by type, by application, and by regions.

1.1 Study Scope

1.2 Market Analysis by Type

1.2.1 Global Smart Grid Solution Market Size Growth Rate by Type: 2018 VS 2022 VS 2029

1.2.2 Hardware Devices

1.2.3 Software Services

1.3 Market by Application

1.3.1 Global Smart Grid Solution Market Growth by Application: 2018 VS 2022 VS 2029

1.3.2 Residential

1.3.3 Commercial

1.4 Study Objectives

1.5 Years Considered

1.6 Years Considered

2.1 Global Smart Grid Solution Market Perspective (2018-2029)

2.2 Smart Grid Solution Growth Trends by Region

2.2.1 Global Smart Grid Solution Market Size by Region: 2018 VS 2022 VS 2029

2.2.2 Smart Grid Solution Historic Market Size by Region (2018-2023)

2.2.3 Smart Grid Solution Forecasted Market Size by Region (2024-2029)

2.3 Smart Grid Solution Market Dynamics

2.3.1 Smart Grid Solution Industry Trends

2.3.2 Smart Grid Solution Market Drivers

2.3.3 Smart Grid Solution Market Challenges

2.3.4 Smart Grid Solution Market Restraints

3.1 Global Top Smart Grid Solution Players by Revenue

3.1.1 Global Top Smart Grid Solution Players by Revenue (2018-2023)

3.1.2 Global Smart Grid Solution Revenue Market Share by Players (2018-2023)

3.2 Global Smart Grid Solution Market Share by Company Type (Tier 1, Tier 2, and Tier 3)

3.3 Players Covered: Ranking by Smart Grid Solution Revenue

3.4 Global Smart Grid Solution Market Concentration Ratio

3.4.1 Global Smart Grid Solution Market Concentration Ratio (CR5 and HHI)

3.4.2 Global Top 10 and Top 5 Companies by Smart Grid Solution Revenue in 2022

3.5 Smart Grid Solution Key Players Head office and Area Served

3.6 Key Players Smart Grid Solution Product Solution and Service

3.7 Date of Enter into Smart Grid Solution Market

3.8 Mergers & Acquisitions, Expansion Plans

4.1 Global Smart Grid Solution Historic Market Size by Type (2018-2023)

4.2 Global Smart Grid Solution Forecasted Market Size by Type (2024-2029)

5.1 Global Smart Grid Solution Historic Market Size by Application (2018-2023)

5.2 Global Smart Grid Solution Forecasted Market Size by Application (2024-2029)

6.1 North America Smart Grid Solution Market Size (2018-2029)

6.2 North America Smart Grid Solution Market Growth Rate by Country: 2018 VS 2022 VS 2029

6.3 North America Smart Grid Solution Market Size by Country (2018-2023)

6.4 North America Smart Grid Solution Market Size by Country (2024-2029)

6.5 United States

6.6 Canada

7.1 Europe Smart Grid Solution Market Size (2018-2029)

7.2 Europe Smart Grid Solution Market Growth Rate by Country: 2018 VS 2022 VS 2029

7.3 Europe Smart Grid Solution Market Size by Country (2018-2023)

7.4 Europe Smart Grid Solution Market Size by Country (2024-2029)

7.5 Germany

7.6 France

7.7 U.K.

7.8 Italy

7.9 Russia

7.10 Nordic Countries

8.1 Asia-Pacific Smart Grid Solution Market Size (2018-2029)

8.2 Asia-Pacific Smart Grid Solution Market Growth Rate by Region: 2018 VS 2022 VS 2029

8.3 Asia-Pacific Smart Grid Solution Market Size by Region (2018-2023)

8.4 Asia-Pacific Smart Grid Solution Market Size by Region (2024-2029)

8.5 China

8.6 Japan

8.7 South Korea

8.8 Southeast Asia

8.9 India

8.10 Australia

9.1 Latin America Smart Grid Solution Market Size (2018-2029)

9.2 Latin America Smart Grid Solution Market Growth Rate by Country: 2018 VS 2022 VS 2029

9.3 Latin America Smart Grid Solution Market Size by Country (2018-2023)

9.4 Latin America Smart Grid Solution Market Size by Country (2024-2029)

9.5 Mexico

9.6 Brazil

10.1 Middle East & Africa Smart Grid Solution Market Size (2018-2029)

10.2 Middle East & Africa Smart Grid Solution Market Growth Rate by Country: 2018 VS 2022 VS 2029

10.3 Middle East & Africa Smart Grid Solution Market Size by Country (2018-2023)

10.4 Middle East & Africa Smart Grid Solution Market Size by Country (2024-2029)

10.5 Turkey

10.6 Saudi Arabia

10.7 UAE

11.1 Cisco

11.1.1 Cisco Company Detail

11.1.2 Cisco Business Overview

11.1.3 Cisco Smart Grid Solution Introduction

11.1.4 Cisco Revenue in Smart Grid Solution Business (2018-2023)

11.1.5 Cisco Recent Development

11.2 Aclara Technologies

11.2.1 Aclara Technologies Company Detail

11.2.2 Aclara Technologies Business Overview

11.2.3 Aclara Technologies Smart Grid Solution Introduction

11.2.4 Aclara Technologies Revenue in Smart Grid Solution Business (2018-2023)

11.2.5 Aclara Technologies Recent Development

11.3 Open Systems International

11.3.1 Open Systems International Company Detail

11.3.2 Open Systems International Business Overview

11.3.3 Open Systems International Smart Grid Solution Introduction

11.3.4 Open Systems International Revenue in Smart Grid Solution Business (2018-2023)

11.3.5 Open Systems International Recent Development

11.4 IBM

11.4.1 IBM Company Detail

11.4.2 IBM Business Overview

11.4.3 IBM Smart Grid Solution Introduction

11.4.4 IBM Revenue in Smart Grid Solution Business (2018-2023)

11.4.5 IBM Recent Development

11.5 Wipro

11.5.1 Wipro Company Detail

11.5.2 Wipro Business Overview

11.5.3 Wipro Smart Grid Solution Introduction

11.5.4 Wipro Revenue in Smart Grid Solution Business (2018-2023)

11.5.5 Wipro Recent Development

11.6 Oracle

11.6.1 Oracle Company Detail

11.6.2 Oracle Business Overview

11.6.3 Oracle Smart Grid Solution Introduction

11.6.4 Oracle Revenue in Smart Grid Solution Business (2018-2023)

11.6.5 Oracle Recent Development

11.7 Infosys

11.7.1 Infosys Company Detail

11.7.2 Infosys Business Overview

11.7.3 Infosys Smart Grid Solution Introduction

11.7.4 Infosys Revenue in Smart Grid Solution Business (2018-2023)

11.7.5 Infosys Recent Development

11.8 GE

11.8.1 GE Company Detail

11.8.2 GE Business Overview

11.8.3 GE Smart Grid Solution Introduction

11.8.4 GE Revenue in Smart Grid Solution Business (2018-2023)

11.8.5 GE Recent Development

13.1 Research Methodology

13.1.1 Methodology/Research Approach

13.1.2 Data Source

13.2 Disclaimer

13.3 Author Details

List of Tables

    Table 1. Global Smart Grid Solution Market Size Growth Rate by Type (US$ Million): 2018 VS 2022 VS 2029

    Table 2. Key Players of Hardware Devices

    Table 3. Key Players of Software Services

    Table 4. Global Smart Grid Solution Market Size Growth by Application (US$ Million): 2018 VS 2022 VS 2029

    Table 5. Global Smart Grid Solution Market Size by Region (US$ Million): 2018 VS 2022 VS 2029

    Table 6. Global Smart Grid Solution Market Size by Region (2018-2023) & (US$ Million)

    Table 7. Global Smart Grid Solution Market Share by Region (2018-2023)

    Table 8. Global Smart Grid Solution Forecasted Market Size by Region (2024-2029) & (US$ Million)

    Table 9. Global Smart Grid Solution Market Share by Region (2024-2029)

    Table 10. Smart Grid Solution Market Trends

    Table 11. Smart Grid Solution Market Drivers

    Table 12. Smart Grid Solution Market Challenges

    Table 13. Smart Grid Solution Market Restraints

    Table 14. Global Smart Grid Solution Revenue by Players (2018-2023) & (US$ Million)

    Table 15. Global Smart Grid Solution Market Share by Players (2018-2023)

    Table 16. Global Top Smart Grid Solution Players by Company Type (Tier 1, Tier 2, and Tier 3) & (based on the Revenue in Smart Grid Solution as of 2022)

    Table 17. Ranking of Global Top Smart Grid Solution Companies by Revenue (US$ Million) in 2022

    Table 18. Global 5 Largest Players Market Share by Smart Grid Solution Revenue (CR5 and HHI) & (2018-2023)

    Table 19. Key Players Headquarters and Area Served

    Table 20. Key Players Smart Grid Solution Product Solution and Service

    Table 21. Date of Enter into Smart Grid Solution Market

    Table 22. Mergers & Acquisitions, Expansion Plans

    Table 23. Global Smart Grid Solution Market Size by Type (2018-2023) & (US$ Million)

    Table 24. Global Smart Grid Solution Revenue Market Share by Type (2018-2023)

    Table 25. Global Smart Grid Solution Forecasted Market Size by Type (2024-2029) & (US$ Million)

    Table 26. Global Smart Grid Solution Revenue Market Share by Type (2024-2029)

    Table 27. Global Smart Grid Solution Market Size by Application (2018-2023) & (US$ Million)

    Table 28. Global Smart Grid Solution Revenue Market Share by Application (2018-2023)

    Table 29. Global Smart Grid Solution Forecasted Market Size by Application (2024-2029) & (US$ Million)

    Table 30. Global Smart Grid Solution Revenue Market Share by Application (2024-2029)

    Table 31. North America Smart Grid Solution Market Size Growth Rate by Country (US$ Million): 2018 VS 2022 VS 2029

    Table 32. North America Smart Grid Solution Market Size by Country (2018-2023) & (US$ Million)

    Table 33. North America Smart Grid Solution Market Size by Country (2024-2029) & (US$ Million)

    Table 34. Europe Smart Grid Solution Market Size Growth Rate by Country (US$ Million): 2018 VS 2022 VS 2029

    Table 35. Europe Smart Grid Solution Market Size by Country (2018-2023) & (US$ Million)

    Table 36. Europe Smart Grid Solution Market Size by Country (2024-2029) & (US$ Million)

    Table 37. Asia-Pacific Smart Grid Solution Market Size Growth Rate by Region (US$ Million): 2018 VS 2022 VS 2029

    Table 38. Asia-Pacific Smart Grid Solution Market Size by Region (2018-2023) & (US$ Million)

    Table 39. Asia-Pacific Smart Grid Solution Market Size by Region (2024-2029) & (US$ Million)

    Table 40. Latin America Smart Grid Solution Market Size Growth Rate by Country (US$ Million): 2018 VS 2022 VS 2029

    Table 41. Latin America Smart Grid Solution Market Size by Country (2018-2023) & (US$ Million)

    Table 42. Latin America Smart Grid Solution Market Size by Country (2024-2029) & (US$ Million)

    Table 43. Middle East & Africa Smart Grid Solution Market Size Growth Rate by Country (US$ Million): 2018 VS 2022 VS 2029

    Table 44. Middle East & Africa Smart Grid Solution Market Size by Country (2018-2023) & (US$ Million)

    Table 45. Middle East & Africa Smart Grid Solution Market Size by Country (2024-2029) & (US$ Million)

    Table 46. Cisco Company Detail

    Table 47. Cisco Business Overview

    Table 48. Cisco Smart Grid Solution Product

    Table 49. Cisco Revenue in Smart Grid Solution Business (2018-2023) & (US$ Million)

    Table 50. Cisco Recent Development

    Table 51. Aclara Technologies Company Detail

    Table 52. Aclara Technologies Business Overview

    Table 53. Aclara Technologies Smart Grid Solution Product

    Table 54. Aclara Technologies Revenue in Smart Grid Solution Business (2018-2023) & (US$ Million)

    Table 55. Aclara Technologies Recent Development

    Table 56. Open Systems International Company Detail

    Table 57. Open Systems International Business Overview

    Table 58. Open Systems International Smart Grid Solution Product

    Table 59. Open Systems International Revenue in Smart Grid Solution Business (2018-2023) & (US$ Million)

    Table 60. Open Systems International Recent Development

    Table 61. IBM Company Detail

    Table 62. IBM Business Overview

    Table 63. IBM Smart Grid Solution Product

    Table 64. IBM Revenue in Smart Grid Solution Business (2018-2023) & (US$ Million)

    Table 65. IBM Recent Development

    Table 66. Wipro Company Detail

    Table 67. Wipro Business Overview

    Table 68. Wipro Smart Grid Solution Product

    Table 69. Wipro Revenue in Smart Grid Solution Business (2018-2023) & (US$ Million)

    Table 70. Wipro Recent Development

    Table 71. Oracle Company Detail

    Table 72. Oracle Business Overview

    Table 73. Oracle Smart Grid Solution Product

    Table 74. Oracle Revenue in Smart Grid Solution Business (2018-2023) & (US$ Million)

    Table 75. Oracle Recent Development

    Table 76. Infosys Company Detail

    Table 77. Infosys Business Overview

    Table 78. Infosys Smart Grid Solution Product

    Table 79. Infosys Revenue in Smart Grid Solution Business (2018-2023) & (US$ Million)

    Table 80. Infosys Recent Development

    Table 81. GE Company Detail

    Table 82. GE Business Overview

    Table 83. GE Smart Grid Solution Product

    Table 84. GE Revenue in Smart Grid Solution Business (2018-2023) & (US$ Million)

    Table 85. GE Recent Development

    Table 86. Research Programs/Design for This Report

    Table 87. Key Data Information from Secondary Sources

    Table 88. Key Data Information from Primary Sources

List of Figures

    Figure 1. Global Smart Grid Solution Market Size Comparison by Type (2023-2029) & (US$ Million)

    Figure 2. Global Smart Grid Solution Market Share by Type: 2022 VS 2029

    Figure 3. Hardware Devices Features

    Figure 4. Software Services Features

    Figure 5. Global Smart Grid Solution Market Size Comparison by Application (2023-2029) & (US$ Million)

    Figure 6. Global Smart Grid Solution Market Share by Application: 2022 VS 2029

    Figure 7. Residential Case Studies

    Figure 8. Commercial Case Studies

    Figure 9. Smart Grid Solution Report Years Considered

    Figure 10. Global Smart Grid Solution Market Size (US$ Million), Year-over-Year: 2018-2029

    Figure 11. Global Smart Grid Solution Market Size, (US$ Million), 2018 VS 2022 VS 2029

    Figure 12. Global Smart Grid Solution Market Share by Region: 2022 VS 2029

    Figure 13. Global Smart Grid Solution Market Share by Players in 2022

    Figure 14. Global Top Smart Grid Solution Players by Company Type (Tier 1, Tier 2, and Tier 3) & (based on the Revenue in Smart Grid Solution as of 2022)

    Figure 15. The Top 10 and 5 Players Market Share by Smart Grid Solution Revenue in 2022

    Figure 16. North America Smart Grid Solution Market Size YoY Growth (2018-2029) & (US$ Million)

    Figure 17. North America Smart Grid Solution Market Share by Country (2018-2029)

    Figure 18. United States Smart Grid Solution Market Size YoY Growth (2018-2029) & (US$ Million)

    Figure 19. Canada Smart Grid Solution Market Size YoY Growth (2018-2029) & (US$ Million)

    Figure 20. Europe Smart Grid Solution Market Size YoY Growth (2018-2029) & (US$ Million)

    Figure 21. Europe Smart Grid Solution Market Share by Country (2018-2029)

    Figure 22. Germany Smart Grid Solution Market Size YoY Growth (2018-2029) & (US$ Million)

    Figure 23. France Smart Grid Solution Market Size YoY Growth (2018-2029) & (US$ Million)

    Figure 24. U.K. Smart Grid Solution Market Size YoY Growth (2018-2029) & (US$ Million)

    Figure 25. Italy Smart Grid Solution Market Size YoY Growth (2018-2029) & (US$ Million)

    Figure 26. Russia Smart Grid Solution Market Size YoY Growth (2018-2029) & (US$ Million)

    Figure 27. Nordic Countries Smart Grid Solution Market Size YoY Growth (2018-2029) & (US$ Million)

    Figure 28. Asia-Pacific Smart Grid Solution Market Size YoY Growth (2018-2029) & (US$ Million)

    Figure 29. Asia-Pacific Smart Grid Solution Market Share by Region (2018-2029)

    Figure 30. China Smart Grid Solution Market Size YoY Growth (2018-2029) & (US$ Million)

    Figure 31. Japan Smart Grid Solution Market Size YoY Growth (2018-2029) & (US$ Million)

    Figure 32. South Korea Smart Grid Solution Market Size YoY Growth (2018-2029) & (US$ Million)

    Figure 33. Southeast Asia Smart Grid Solution Market Size YoY Growth (2018-2029) & (US$ Million)

    Figure 34. India Smart Grid Solution Market Size YoY Growth (2018-2029) & (US$ Million)

    Figure 35. Australia Smart Grid Solution Market Size YoY Growth (2018-2029) & (US$ Million)

    Figure 36. Latin America Smart Grid Solution Market Size YoY Growth (2018-2029) & (US$ Million)

    Figure 37. Latin America Smart Grid Solution Market Share by Country (2018-2029)

    Figure 38. Mexico Smart Grid Solution Market Size YoY Growth (2018-2029) & (US$ Million)

    Figure 39. Brazil Smart Grid Solution Market Size YoY Growth (2018-2029) & (US$ Million)

    Figure 40. Middle East & Africa Smart Grid Solution Market Size YoY Growth (2018-2029) & (US$ Million)

    Figure 41. Middle East & Africa Smart Grid Solution Market Share by Country (2018-2029)

    Figure 42. Turkey Smart Grid Solution Market Size YoY Growth (2018-2029) & (US$ Million)

    Figure 43. Saudi Arabia Smart Grid Solution Market Size YoY Growth (2018-2029) & (US$ Million)

    Figure 44. Cisco Revenue Growth Rate in Smart Grid Solution Business (2018-2023)

    Figure 45. Aclara Technologies Revenue Growth Rate in Smart Grid Solution Business (2018-2023)

    Figure 46. Open Systems International Revenue Growth Rate in Smart Grid Solution Business (2018-2023)

    Figure 47. IBM Revenue Growth Rate in Smart Grid Solution Business (2018-2023)

    Figure 48. Wipro Revenue Growth Rate in Smart Grid Solution Business (2018-2023)

    Figure 49. Oracle Revenue Growth Rate in Smart Grid Solution Business (2018-2023)

    Figure 50. Infosys Revenue Growth Rate in Smart Grid Solution Business (2018-2023)

    Figure 51. GE Revenue Growth Rate in Smart Grid Solution Business (2018-2023)

    Figure 52. Bottom-up and Top-down Approaches for This Report

    Figure 53. Data Triangulation

    Figure 54. Key Executives Interviewed