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PUBLISHER: Grand View Research | PRODUCT CODE: 1405996
PUBLISHER: Grand View Research | PRODUCT CODE: 1405996
Smart Energy Market Size, Share & Trends Analysis Report By Product (Smart Grid, Digital Oilfield, Smart Solar, Home Energy Management System), By Component, By End-user (Industrial, Commercial, Residential), By Region, & Segment Forecasts, 2023-2030
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Smart Energy Market Growth & Trends:
The global smart energy market size is expected to reach USD 316.37 billion by 2030, according to a new report by Grand View Research, Inc. The market is anticipated to grow at a CAGR of 9.6% from 2023 to 2030. Several key factors, including the escalating energy consumption across various end-use industries, growing awareness regarding carbon footprint management, and substantial investments in smart energy infrastructure, propel the growth of the market. Furthermore, the emergence of smart city projects in developing economies and the integration of energy management systems with smart devices are poised to present significant growth prospects for the market.
Investments in smart grid technologies play a key role in propelling the market forward. Additionally, a rise in the adoption of advanced metering infrastructure technology, driven by heightened spending on infrastructure development, is expected to gain traction over the forecast period. There is a growing demand for advanced metering devices in residential, commercial, and industrial settings, as they facilitate efficient energy management and provide a convenient means of monitoring energy consumption. Furthermore, the market is expected to benefit from favorable government policies and an increased focus on renewable power sources, presenting lucrative opportunities for growth.
Various recommendations and laws are being put into effect to ensure the safety of the energy supply and reduce both local and global emissions. The growing emphasis on these measures is expected to drive an increased demand for smart energy solutions. Government regulations, especially mandates and financial incentives, have played a crucial role in driving the widespread adoption of smart meters, contributing to enhanced reliability, efficiency, and security of energy systems. The U.S.-based companies stand out as major global suppliers of intelligent electricity meters. The rising demand for smart energy solutions is notably attributed to their deployment in diverse developed and developing markets.
Smart Energy Market Report Highlights:
- The smart grid segment led the market in 2022, accounting for over 41% share of the global revenue. This high share can be attributed to several factors, such as advancements in grid infrastructure, heightened focus on energy efficiency, and the integration of innovative technologies that enhance grid reliability and performance.
- The solution segment led the market in 2022, accounting for over 74% share of the global revenue owing to the widespread adoption of comprehensive and integrated smart energy solutions by various industries.
- The industrial segment held the largest revenue share in 2022. Industries are actively embracing smart energy technologies to enhance operational efficiency, optimize resource utilization, and reduce overall energy consumption.
- North America dominated the market in 2022, accounting for over 38% share of the global revenue owing to the supportive government policies, incentives, and initiatives promoting the development and deployment of smart energy technologies in the region.
Product Code: GVR-4-68040-169-4
Table of Contents
Chapter 1. Methodology And Scope
- 1.1. Research Methodology
- 1.2. Research Scope And Assumptions
- 1.3. Information Procurement
- 1.3.1. Purchased Database
- 1.3.2. Gvr's Internal Database
- 1.3.3. Secondary Sources & Third-Party Perspectives
- 1.3.4. Primary Research
- 1.4. Information Analysis
- 1.4.1. Data Analysis Models
- 1.5. Market Formulation & Data Visualization
- 1.6. Data Validation & Publishing
Chapter 2. Executive Summary
- 2.1. Market Outlook
- 2.2. Segmental Outlook
- 2.3. Competitive Insights
Chapter 3. Market Variables, Trends, And Scope
- 3.1. Market Lineage
- 3.2. Industry Value Chain Analysis
- 3.3. Smart Energy Market - Market Dynamics
- 3.3.1. Market Driver Analysis
- 3.3.1.1. Increase In The Demand For Dependable Power Solutions
- 3.3.1.2. Rising Concern Among Governments Worldwide Regarding Rising Global Warming Challenges
- 3.3.2. Market Restraint Analysis
- 3.3.2.1. High Capital Investment And Sophisticated Technology Integration
- 3.3.3. Industry Challenges
- 3.3.1. Market Driver Analysis
- 3.4. Business Environmental Tools Analysis: Smart Energy Market
- 3.4.1. Porter's Five Forces Analysis
- 3.4.1.1. Bargaining Power Of Suppliers
- 3.4.1.2. Bargaining Power Of Buyers
- 3.4.1.3. Threat Of Substitution
- 3.4.1.4. Threat Of New Entrants
- 3.4.1.5. Competitive Rivalry
- 3.4.2. Pestle Analysis
- 3.4.2.1. Political Landscape
- 3.4.2.2. Economic Landscape
- 3.4.2.3. Social Landscape
- 3.4.2.4. Technology Landscape
- 3.4.2.5. Environmental Landscape
- 3.4.2.6. Legal Landscape
- 3.4.1. Porter's Five Forces Analysis
Chapter 4. Smart Energy Market: Product Estimates & Trend Analysis
- 4.1. Smart Energy Market, By Product: Key Takeaways
- 4.2. Smart Energy Market: Product Movement Analysis, 2022 & 2030
- 4.3. Smart Grid
- 4.3.1. Market Estimates And Forecasts, 2017 - 2030 (USD Million)
- 4.4. Digital Oilfield
- 4.4.1. Market Estimates And Forecasts, 2017 - 2030 (USD Million)
- 4.5. Smart Solar
- 4.5.1. Market Estimates And Forecasts, 2017 - 2030 (USD Million)
- 4.6. Home Energy Management System
- 4.6.1. Market Estimates And Forecasts, 2017 - 2030 (USD Million)
Chapter 5. Smart Energy Market: Component Estimates & Trend Analysis
- 5.1. Smart Energy Market, By Component: Key Takeaways
- 5.2. Smart Energy Market: Component Movement Analysis, 2022 & 2030
- 5.3. Solution
- 5.3.1. Market Estimates And Forecasts, 2017 - 2030 (USD Million)
- 5.3.2. Smart Meters
- 5.3.3. Data And Device Management
- 5.3.4. Pv Monitoring
- 5.3.5. Smart Energy Storage
- 5.3.6. Others
- 5.4. Services
- 5.4.1. Market Estimates And Forecasts, 2017 - 2030 (USD Million)
Chapter 6. Smart Energy Market: End-User Estimates & Trend Analysis
- 6.1. Smart Energy Market, By End-User: Key Takeaways
- 6.2. Smart Energy Market: End-User Movement Analysis, 2022 & 2030
- 6.3. Industrial
- 6.3.1. Market Estimates And Forecasts, 2017 - 2030 (USD Million)
- 6.4. Commercial
- 6.4.1. Market Estimates And Forecasts, 2017 - 2030 (USD Million)
- 6.5. Residential
- 6.5.1. Market Estimates And Forecasts, 2017 - 2030 (USD Million)
Chapter 7. Smart Energy Market: Regional Estimates & Trend Analysis
- 7.1. Smart Energy Market: Regional Movement Analysis, 2022 & 2030
- 7.2. North America
- 7.2.1. Market Estimates And Forecasts, 2017 - 2030 (USD Million)
- 7.2.2. U.S.
- 7.2.2.1. Market Estimates And Forecasts, 2017 - 2030 (USD Million)
- 7.2.3. Canada
- 7.2.3.1. Market Estimates And Forecasts, 2017 - 2030 (USD Million)
- 7.3. Europe
- 7.3.1. Market Estimates And Forecasts, 2017 - 2030 (USD Million)
- 7.3.2. Germany
- 7.3.2.1. Market Estimates And Forecasts, 2017 - 2030 (USD Million)
- 7.3.3. U.K.
- 7.3.3.1. Market Estimates And Forecasts, 2017 - 2030 (USD Million)
- 7.3.4. France
- 7.3.4.1. Market Estimates And Forecasts, 2017 - 2030 (USD Million)
- 7.4. Asia Pacific
- 7.4.1. Market Estimates And Forecasts, 2017 - 2030 (USD Million)
- 7.4.2. China
- 7.4.2.1. Market Estimates And Forecasts, 2017 - 2030 (USD Million)
- 7.4.3. Japan
- 7.4.3.1. Market Estimates And Forecasts, 2017 - 2030 (USD Million)
- 7.4.4. India
- 7.4.4.1. Market Estimates And Forecasts, 2017 - 2030 (USD Million)
- 7.4.5. South Korea
- 7.4.5.1. Market Estimates And Forecasts, 2017 - 2030 (USD Million)
- 7.4.6. Australia
- 7.4.6.1. Market Estimates And Forecasts, 2017 - 2030 (USD Million)
- 7.5. Latin America
- 7.5.1. Market Estimates And Forecasts, 2017 - 2030 (USD Million)
- 7.5.2. Brazil
- 7.5.2.1. Market Estimates And Forecasts, 2017 - 2030 (USD Million)
- 7.5.3. Mexico
- 7.5.3.1. Market Estimates And Forecasts, 2017 - 2030 (USD Million)
- 7.6. Middle East & Africa
- 7.6.1. Market Estimates And Forecasts, 2017 - 2030 (USD Million)
- 7.6.2. Kingdom Of Saudi Arabia (Ksa)
- 7.6.2.1. Market Estimates And Forecasts, 2017 - 2030 (USD Million)
- 7.6.3. UAE
- 7.6.3.1. Market Estimates And Forecasts, 2017 - 2030 (USD Million)
- 7.6.4. South Africa
- 7.6.4.1. Market Estimates And Forecasts, 2017 - 2030 (USD Million)
Chapter 8. Competitive Landscape
- 8.1. Company Categorization
- 8.2. Company Market Positioning
- 8.3. Company Heat Map Analysis
- 8.4. Strategy Mapping
- 8.5. Company Profiles/Listing
- 8.5.1. ABB
- 8.5.1.1. Overview
- 8.5.1.2. Financial Performance
- 8.5.1.3. Product Benchmarking
- 8.5.1.4. Strategic Initiatives
- 8.5.2. GENERAL ELECTRIC COMPANY
- 8.5.2.1. Overview
- 8.5.2.2. Financial Performance
- 8.5.2.3. Product Benchmarking
- 8.5.2.4. Strategic Initiatives
- 8.5.3. HOLLEY TECHNOLOGY LTD.
- 8.5.3.1. Overview
- 8.5.3.2. Financial Performance
- 8.5.3.3. Product Benchmarking
- 8.5.3.4. Strategic Initiatives
- 8.5.4. HONEYWELL INTERNATIONAL INC.
- 8.5.4.1. Overview
- 8.5.4.2. Financial Performance
- 8.5.4.3. Product Benchmarking
- 8.5.4.4. Strategic Initiatives
- 8.5.5. ISKRAEMECO GROUP
- 8.5.5.1. Overview
- 8.5.5.2. Financial Performance
- 8.5.5.3. Product Benchmarking
- 8.5.5.4. Strategic Initiatives
- 8.5.6. ITRON INC.
- 8.5.6.1. Overview
- 8.5.6.2. Financial Performance
- 8.5.6.3. Product Benchmarking
- 8.5.6.4. Strategic Initiatives
- 8.5.7. LANDIS+GYR.
- 8.5.7.1. Overview
- 8.5.7.2. Financial Performance
- 8.5.7.3. Product Benchmarking
- 8.5.7.4. Strategic Initiatives
- 8.5.8. SCHNEIDER ELECTRIC
- 8.5.8.1. Overview
- 8.5.8.2. Financial Performance
- 8.5.8.3. Product Benchmarking
- 8.5.8.4. Strategic Initiatives
- 8.5.9. SENSUS
- 8.5.9.1. Overview
- 8.5.9.2. Financial Performance
- 8.5.9.3. Product Benchmarking
- 8.5.9.4. Strategic Initiatives
- 8.5.10. SIEMENS
- 8.5.10.1. Overview
- 8.5.10.2. Financial Performance
- 8.5.10.3. Product Benchmarking
- 8.5.10.4. Strategic Initiatives
- 8.5.1. ABB
Product Code: GVR-4-68040-169-4
List of Tables
- Table 1 Smart Energy - Industry snapshot & key buying criteria, 2017 - 2030
- Table 2 Global Smart Energy market, 2017 - 2030 (USD Million)
- Table 3 Global Smart Energy market by product, 2017 - 2030 (USD Million)
- Table 4 Global Smart Energy market by component, 2017 - 2030 (USD Million)
- Table 5 Global Smart Energy market by end-user, 2017 - 2030 (USD Million)
- Table 6 Global Smart Energy market estimates and forecasts by region, 2017 - 2030 (USD million)
- Table 7 Smart Energy market by product, 2017 - 2030 (USD Million)
- Table 8 Smart Energy market by smart grid, 2017 - 2030 (USD Million)
- Table 9 Smart Energy market by digital oilfield, 2017 - 2030 (USD Million)
- Table 10 Smart Energy market by smart solar, 2017 - 2030 (USD Million)
- Table 11 Smart Energy market home energy management system, 2017 - 2030 (USD Million)
- Table 12 Smart Energy market by solution, 2017 - 2030 (USD Million)
- Table 13 Smart Energy market by smart meters, 2017 - 2030 (USD Million)
- Table 14 Smart Energy market by data and device management, 2017 - 2030 (USD Million)
- Table 15 Smart Energy market by PV monitoring, 2017 - 2030 (USD Million)
- Table 16 Smart Energy market by smart energy storage, 2017 - 2030 (USD Million)
- Table 17 Smart Energy market by others, 2017 - 2030 (USD Million)
- Table 18 Smart Energy market by services, 2017 - 2030 (USD Million)
- Table 19 Smart Energy market by end-user, 2017 - 2030 (USD Million)
- Table 20 Smart Energy market by industrial, 2017 - 2030 (USD Million)
- Table 21 Smart Energy market by commercial, 2017 - 2030 (USD Million)
- Table 22 Smart Energy market by residential, 2017 - 2030 (USD Million)
- Table 23 North America Smart Energy market, 2017 - 2030 (USD Million)
- Table 24 North America Smart Energy market by product, 2017 - 2030 (USD Million)
- Table 25 North America Smart Energy market by component, 2017 - 2030 (USD Million)
- Table 26 North America Smart Energy market by end-user, 2017 - 2030 (USD Million)
- Table 27 U.S. Smart Energy market, 2017 - 2030 (USD Million)
- Table 28 U.S. Smart Energy market by product, 2017 - 2030 (USD Million)
- Table 29 U.S. Smart Energy market by component, 2017 - 2030 (USD Million)
- Table 30 U.S. Smart Energy market by end-user, 2017 - 2030 (USD Million)
- Table 31 Canada Smart Energy market, 2017 - 2030 (USD Million)
- Table 32 Canada Smart Energy market by product, 2017 - 2030 (USD Million)
- Table 33 Canada Smart Energy market by component, 2017 - 2030 (USD Million)
- Table 34 Canada Smart Energy market by end-user, 2017 - 2030 (USD Million)
- Table 35 Europe Smart Energy market, 2017 - 2030 (USD Million)
- Table 36 Europe Smart Energy market by product, 2017 - 2030 (USD Million)
- Table 37 Europe Smart Energy market by component, 2017 - 2030 (USD Million)
- Table 38 Europe Smart Energy market by end-user, 2017 - 2030 (USD Million)
- Table 39 U.K. Smart Energy market, 2017 - 2030 (USD Million)
- Table 40 U.K. Smart Energy market by product, 2017 - 2030 (USD Million)
- Table 41 U.K. Smart Energy market by component, 2017 - 2030 (USD Million)
- Table 42 U.K. Smart Energy market by end-user, 2017 - 2030 (USD Million)
- Table 43 Germany Smart Energy market, 2017 - 2030 (USD Million)
- Table 44 Germany Smart Energy market by product, 2017 - 2030 (USD Million)
- Table 45 Germany Smart Energy market by component, 2017 - 2030 (USD Million)
- Table 46 Germany Smart Energy market by end-user, 2017 - 2030 (USD Million)
- Table 47 France Smart Energy market, 2017 - 2030 (USD Million)
- Table 48 France Smart Energy market by product, 2017 - 2030 (USD Million)
- Table 49 France Smart Energy market by component, 2017 - 2030 (USD Million)
- Table 50 France Smart Energy market by end-user, 2017 - 2030 (USD Million)
- Table 51 Asia Pacific Smart Energy market, 2017 - 2030 (USD Million)
- Table 52 Asia Pacific Smart Energy market by product, 2017 - 2030 (USD Million)
- Table 53 Asia Pacific Smart Energy market by Ccomponent, 2017 - 2030 (USD Million)
- Table 54 Asia Pacific Smart Energy market by end-user, 2017 - 2030 (USD Million)
- Table 55 China Smart Energy market, 2017 - 2030 (USD Million)
- Table 56 China Smart Energy market by product, 2017 - 2030 (USD Million)
- Table 57 China Smart Energy market by component, 2017 - 2030 (USD Million)
- Table 58 China Smart Energy market by end-user, 2017 - 2030 (USD Million)
- Table 59 Japan Smart Energy market, 2017 - 2030 (USD Million)
- Table 60 Japan Smart Energy market by product, 2017 - 2030 (USD Million)
- Table 61 Japan Smart Energy market by component, 2017 - 2030 (USD Million)
- Table 62 Japan Smart Energy market by end-user, 2017 - 2030 (USD Million)
- Table 63 India Smart Energy market, 2017 - 2030 (USD Million)
- Table 64 India Smart Energy market by product, 2017 - 2030 (USD Million)
- Table 65 India Smart Energy market by component, 2017 - 2030 (USD Million)
- Table 66 India Smart Energy market by end-user, 2017 - 2030 (USD Million)
- Table 67 Australia Smart Energy market, 2017 - 2030 (USD Million)
- Table 68 Australia Smart Energy market by product, 2017 - 2030 (USD Million)
- Table 69 Australia Smart Energy market by component, 2017 - 2030 (USD Million)
- Table 70 Australia Smart Energy market by end-user, 2017 - 2030 (USD Million)
- Table 71 South Korea Smart Energy market, 2017 - 2030 (USD Million)
- Table 72 South Korea Smart Energy market by product, 2017 - 2030 (USD Million)
- Table 73 South Korea Smart Energy market by component, 2017 - 2030 (USD Million)
- Table 74 South Korea Smart Energy market by end-user, 2017 - 2030 (USD Million)
- Table 75 Latin America Smart Energy market, 2017 - 2030 (USD Million)
- Table 76 Latin America Smart Energy market by product, 2017 - 2030 (USD Million)
- Table 77 Latin America Smart Energy market by component, 2017 - 2030 (USD Million)
- Table 78 Latin America Smart Energy market by end-user, 2017 - 2030 (USD Million)
- Table 79 Brazil Smart Energy market, 2017 - 2030 (USD Million)
- Table 80 Brazil Smart Energy market by product, 2017 - 2030 (USD Million)
- Table 81 Brazil Smart Energy market by component, 2017 - 2030 (USD Million)
- Table 82 Brazil Smart Energy market by end-user, 2017 - 2030 (USD Million)
- Table 83 Mexico Smart Energy market, 2017 - 2030 (USD Million)
- Table 84 Mexico Smart Energy market by product, 2017 - 2030 (USD Million)
- Table 85 Mexico Smart Energy market by component, 2017 - 2030 (USD Million)
- Table 86 Mexico Smart Energy market by end-user, 2017 - 2030 (USD Million)
- Table 87 MEA Smart Energy market, 2017 - 2030 (USD Million)
- Table 88 MEA Smart Energy market by product, 2017 - 2030 (USD Million)
- Table 89 MEA Smart Energy market by component, 2017 - 2030 (USD Million)
- Table 90 MEA Smart Energy market by end-user, 2017 - 2030 (USD Million)
- Table 91 UAE Smart Energy market, 2017 - 2030 (USD Million)
- Table 92 UAE Smart Energy market by product, 2017 - 2030 (USD Million)
- Table 93 UAE Smart Energy market by component, 2017 - 2030 (USD Million)
- Table 94 UAE Smart Energy market by end-user, 2017 - 2030 (USD Million)
- Table 95 Kingdom of Saudi Arabia Smart Energy market, 2017 - 2030 (USD Million)
- Table 96 Kingdom of Saudi Arabia Smart Energy market by product, 2017 - 2030 (USD Million)
- Table 97 Kingdom of Saudi Arabia Smart Energy market by component, 2017 - 2030 (USD Million)
- Table 98 Kingdom of Saudi Arabia Smart Energy market by end-user, 2017 - 2030 (USD Million)
- Table 99 South Africa Smart Energy market, 2017 - 2030 (USD Million)
- Table 100 South Africa Smart Energy market by product, 2017 - 2030 (USD Million)
- Table 101 South Africa Smart Energy market by component, 2017 - 2030 (USD Million)
- Table 102 South Africa Smart Energy market by end-user, 2017 - 2030 (USD Million)
List of Figures
- Fig. 1 Research Process
- Fig. 2 Market Formulation
- Fig. 3 Market segmentation and scope
- Fig. 4 Smart Energy market, 2017 - 2030
- Fig. 5 Smart Energy - Value chain analysis
- Fig. 6 Smart Energy market dynamics
- Fig. 7 Key Opportunities Analysis
- Fig. 8 Smart Energy market share by product, 2022 & 2030
- Fig. 9 Smart Energy market share by component, 2022 & 2030
- Fig. 10 Smart Energy market share by end-user, 2022 & 2030
- Fig. 11 Smart Energy market share by region, 2022 & 2030
- Fig. 12 North America marketplace: Key takeaways
- Fig. 13 Europe marketplace: Key takeaways
- Fig. 14 Asia Pacific marketplace: Key takeaways
- Fig. 15 Latin America marketplace: Key takeaways
- Fig. 16 MEA marketplace: Key takeaways
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