Global Smart Grid Market Report 2021-2026: A $55.9 Billion Market by 2026 – – Yahoo Finance

DUBLIN, November 02, 2021–(BUSINESS WIRE)–The "Smart Grid: Global Markets to 2026" report has been added to's offering.
The global market for smart grid technology is estimated to grow from $36.9 billion in 2021 to $55.9 billion by 2026, at a compound annual growth rate (CAGR) of 8.7% during the forecast period of 2021-2026.
The North American market for smart grid technology is estimated to grow from $12.2 billion in 2021 to $16.2 billion by 2026, at a CAGR of 5.8% during the forecast period of 2021-2026.
The Asia-Pacific market for smart grid technology is estimated to grow from $9.5 billion in 2021 to $16.8 billion by 2026, at a CAGR of 12.0% during the forecast period of 2021-2026.
In this report, the market has been segmented based on component, end-user and geography. The report provides an overview of the global market for smart grids and analyzes market trends. Using 2020 as the base year, the report provides estimated market data for the forecast period from 2021 through 2026. Market values have been estimated based on the total revenues of the smart grid manufacturers and electricity/power providers.
This report covers the market for smart grids with regards to their implementation across different regions. It also focuses on the major trends and challenges that will affect the market and the vendor landscape.
Key report features:
An updated overview of the global market for smart grid technologies
Analyses of the global market trends, with data from 2020, estimates for 2021, 2022 and 2024, and projections of compound annual growth rates (CAGRs) through 2026
Highlights of emerging technology trends, opportunities and gaps estimating current and future demand for smart grid network, and impact of COVID-19 on the progress of this market
Evaluation and forecast the smart grid market size (by number of units installation and product sales in dollar value terms), and corresponding market share analysis by component, grid type, end-user vertical, and geography
Identification of the companies best positioned to meet the demand owing to their proprietary technologies, new industry-specific developments, and other growth strategies
Assessment of the smart grid market dynamics (DROs), technology advancements, power industry structure, government regulations, and other macroeconomic factors affecting the marketplace
Company profiles descriptions of the major manufacturers of smart grid infrastructure. Key players include Eaton, Fujitsu Ltd., General Electric, Honeywell, Landis+Gyr, Schneider Electric, Siemens, etc.
Key Topics Covered:
Summary and Highlights
Market Overview
Impact of COVID-19 on the Smart Grid Market
Smart Grid, by Type
Use Cases for the Smart Grid
Market Drivers
Growing Investments
Advanced Metering Infrastructure
Increasing Consumer Adoption of Home Automation
Market Challenges
Cost Challenge
Procedural Challenges
Technical Challenges
Market Opportunities
Electric Vehicles
Smart Homes
Smart Cities
Market Breakdown by Component
Market Breakdown by End User
Market Breakdown by Geographical Region
Company Profiles
Advanced Micro Devices Inc.
ABB Ltd.
C3 AI Inc.
Cisco Systems Inc.
Cyanconnode Holdings Plc
Discovergy GmbH
Enel X North America
Esmart Systems
Esyasoft Technologies Pvt., Ltd.
Fujitsu Ltd.
General Electric
Gram Power
Open Systems International Inc. (Osi)
Power Plus Communications (PPC)
S&C Electric Co.
Schneider Electric
Sparkmeter Inc.
Tech Mahindra
Trilliant Holdings
Wipro Ltd.
For more information about this report visit
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