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PUBLISHER: TechNavio | PRODUCT CODE: 1453845
PUBLISHER: TechNavio | PRODUCT CODE: 1453845
Global Power Grid Market 2024-2028
PUBLISHED:
PAGES: 173 Pages
DELIVERY TIME: 1-2 business days
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The power grid market is forecasted to grow by USD 93.89 bn during 2023-2028, accelerating at a CAGR of 5.94% during the forecast period. The report on the power grid market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by rising adoption of renewable energy sources, expansion of electrification in transportation sectors, and growing energy demands in emerging countries.
Technavio's power grid market is segmented as below:
| Market Scope | |
|---|---|
| Base Year | 2024 |
| End Year | 2028 |
| Series Year | 2024-2028 |
| Growth Momentum | Accelerate |
| YOY 2024 | 5.49% |
| CAGR | 5.94% |
| Incremental Value | $93.89bn |
By Component
- Cables
- Switchgear
- Transformers
- Variable speed drives
- Others
By Application
- Distribution
- Generation
- Transmission
By Geographical Landscape
- APAC
- North America
- Europe
- Middle East and Africa
- South America
This study identifies the high adoption of smart grid technologies as one of the prime reasons driving the power grid market growth during the next few years. Also, development of microgrids for localized energy generation and rising deployment of energy storage systems will lead to sizable demand in the market.
The report on the power grid market covers the following areas:
- Power grid market sizing
- Power grid market forecast
- Power grid market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading power grid market vendors that include ABB Ltd., Eaton Corp. Plc, Fuji Electric Co. Ltd., General Electric Co., Havells India Ltd., Hubbell Inc., LS ELECTRIC Co. Ltd., Mitsubishi Electric Corp., National Grid plc, Nexans SA, Nextera Energy Inc., Powell Industries Inc., Prysmian Spa, Schneider Electric SE, Secheron SA, Siemens Energy AG, Southwire Co. LLC, Tata Power Co. Ltd., Toshiba Corp., and VIKRAM SOLAR LTD.. Also, the power grid market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.
Product Code: IRTNTR77707
Table of Contents
1 Executive Summary
- 1.1 Market overview
2 Market Landscape
- 2.1 Market ecosystem
3 Market Sizing
- 3.1 Market definition
- 3.2 Market segment analysis
- 3.3 Market size 2023
- 3.4 Market outlook: Forecast for 2023-2028
4 Historic Market Size
- 4.1 Global power grid market 2018 - 2022
- 4.2 Component Segment Analysis 2018 - 2022
- 4.3 Application Segment Analysis 2018 - 2022
- 4.4 Geography Segment Analysis 2018 - 2022
- 4.5 Country Segment Analysis 2018 - 2022
5 Five Forces Analysis
- 5.1 Five forces summary
- 5.2 Bargaining power of buyers
- 5.3 Bargaining power of suppliers
- 5.4 Threat of new entrants
- 5.5 Threat of substitutes
- 5.6 Threat of rivalry
- 5.7 Market condition
6 Market Segmentation by Component
- 6.1 Market segments
- 6.2 Comparison by Component
- 6.3 Cables - Market size and forecast 2023-2028
- 6.4 Switchgear - Market size and forecast 2023-2028
- 6.5 Transformers - Market size and forecast 2023-2028
- 6.6 Variable speed drives - Market size and forecast 2023-2028
- 6.7 Others - Market size and forecast 2023-2028
- 6.8 Market opportunity by Component
7 Market Segmentation by Application
- 7.1 Market segments
- 7.2 Comparison by Application
- 7.3 Distribution - Market size and forecast 2023-2028
- 7.4 Generation - Market size and forecast 2023-2028
- 7.5 Transmission - Market size and forecast 2023-2028
- 7.6 Market opportunity by Application
8 Customer Landscape
- 8.1 Customer landscape overview
9 Geographic Landscape
- 9.1 Geographic segmentation
- 9.2 Geographic comparison
- 9.3 APAC - Market size and forecast 2023-2028
- 9.4 North America - Market size and forecast 2023-2028
- 9.5 Europe - Market size and forecast 2023-2028
- 9.6 Middle East and Africa - Market size and forecast 2023-2028
- 9.7 South America - Market size and forecast 2023-2028
- 9.8 China - Market size and forecast 2023-2028
- 9.9 US - Market size and forecast 2023-2028
- 9.10 Japan - Market size and forecast 2023-2028
- 9.11 Germany - Market size and forecast 2023-2028
- 9.12 India - Market size and forecast 2023-2028
- 9.13 Market opportunity By Geographical Landscape
10 Drivers, Challenges, and Trends
- 10.1 Market drivers
- 10.2 Market challenges
- 10.3 Impact of drivers and challenges
- 10.4 Market trends
11 Vendor Landscape
- 11.1 Overview
- 11.2 Vendor landscape
- 11.3 Landscape disruption
- 11.4 Industry risks
12 Vendor Analysis
- 12.1 Vendors covered
- 12.2 Market positioning of vendors
- 12.3 ABB Ltd.
- 12.4 Eaton Corp. Plc
- 12.5 Fuji Electric Co. Ltd.
- 12.6 General Electric Co.
- 12.7 LS ELECTRIC Co. Ltd.
- 12.8 Mitsubishi Electric Corp.
- 12.9 National Grid plc
- 12.10 Nexans SA
- 12.11 Nextera Energy Inc.
- 12.12 Powell Industries Inc.
- 12.13 Prysmian Spa
- 12.14 Schneider Electric SE
- 12.15 Siemens Energy AG
- 12.16 Toshiba Corp.
- 12.17 VIKRAM SOLAR LTD.
13 Appendix
- 13.1 Scope of the report
- 13.2 Inclusions and exclusions checklist
- 13.3 Currency conversion rates for US$
- 13.4 Research methodology
- 13.5 List of abbreviations
Product Code: IRTNTR77707
Exhibits:
- Exhibits1: Executive Summary - Chart on Market Overview
- Exhibits2: Executive Summary - Data Table on Market Overview
- Exhibits3: Executive Summary - Chart on Global Market Characteristics
- Exhibits4: Executive Summary - Chart on Market By Geographical Landscape
- Exhibits5: Executive Summary - Chart on Market Segmentation by Component
- Exhibits6: Executive Summary - Chart on Market Segmentation by Application
- Exhibits7: Executive Summary - Chart on Incremental Growth
- Exhibits8: Executive Summary - Data Table on Incremental Growth
- Exhibits9: Executive Summary - Chart on Vendor Market Positioning
- Exhibits10: Parent market
- Exhibits11: Market Characteristics
- Exhibits12: Offerings of vendors included in the market definition
- Exhibits13: Market segments
- Exhibits14: Chart on Global - Market size and forecast 2023-2028 ($ billion)
- Exhibits15: Data Table on Global - Market size and forecast 2023-2028 ($ billion)
- Exhibits16: Chart on Global Market: Year-over-year growth 2023-2028 (%)
- Exhibits17: Data Table on Global Market: Year-over-year growth 2023-2028 (%)
- Exhibits18: Historic Market Size - Data Table on global power grid market 2018 - 2022 ($ billion)
- Exhibits19: Historic Market Size - Component Segment 2018 - 2022 ($ billion)
- Exhibits20: Historic Market Size - Application Segment 2018 - 2022 ($ billion)
- Exhibits21: Historic Market Size - Geography Segment 2018 - 2022 ($ billion)
- Exhibits22: Historic Market Size - Country Segment 2018 - 2022 ($ billion)
- Exhibits23: Five forces analysis - Comparison between 2023 and 2028
- Exhibits24: Chart on Bargaining power of buyers - Impact of key factors 2023 and 2028
- Exhibits25: Bargaining power of suppliers - Impact of key factors in 2023 and 2028
- Exhibits26: Threat of new entrants - Impact of key factors in 2023 and 2028
- Exhibits27: Threat of substitutes - Impact of key factors in 2023 and 2028
- Exhibits28: Threat of rivalry - Impact of key factors in 2023 and 2028
- Exhibits29: Chart on Market condition - Five forces 2023 and 2028
- Exhibits30: Chart on Component - Market share 2023-2028 (%)
- Exhibits31: Data Table on Component - Market share 2023-2028 (%)
- Exhibits32: Chart on Comparison by Component
- Exhibits33: Data Table on Comparison by Component
- Exhibits34: Chart on Cables - Market size and forecast 2023-2028 ($ billion)
- Exhibits35: Data Table on Cables - Market size and forecast 2023-2028 ($ billion)
- Exhibits36: Chart on Cables - Year-over-year growth 2023-2028 (%)
- Exhibits37: Data Table on Cables - Year-over-year growth 2023-2028 (%)
- Exhibits38: Chart on Switchgear - Market size and forecast 2023-2028 ($ billion)
- Exhibits39: Data Table on Switchgear - Market size and forecast 2023-2028 ($ billion)
- Exhibits40: Chart on Switchgear - Year-over-year growth 2023-2028 (%)
- Exhibits41: Data Table on Switchgear - Year-over-year growth 2023-2028 (%)
- Exhibits42: Chart on Transformers - Market size and forecast 2023-2028 ($ billion)
- Exhibits43: Data Table on Transformers - Market size and forecast 2023-2028 ($ billion)
- Exhibits44: Chart on Transformers - Year-over-year growth 2023-2028 (%)
- Exhibits45: Data Table on Transformers - Year-over-year growth 2023-2028 (%)
- Exhibits46: Chart on Variable speed drives - Market size and forecast 2023-2028 ($ billion)
- Exhibits47: Data Table on Variable speed drives - Market size and forecast 2023-2028 ($ billion)
- Exhibits48: Chart on Variable speed drives - Year-over-year growth 2023-2028 (%)
- Exhibits49: Data Table on Variable speed drives - Year-over-year growth 2023-2028 (%)
- Exhibits50: Chart on Others - Market size and forecast 2023-2028 ($ billion)
- Exhibits51: Data Table on Others - Market size and forecast 2023-2028 ($ billion)
- Exhibits52: Chart on Others - Year-over-year growth 2023-2028 (%)
- Exhibits53: Data Table on Others - Year-over-year growth 2023-2028 (%)
- Exhibits54: Market opportunity by Component ($ billion)
- Exhibits55: Data Table on Market opportunity by Component ($ billion)
- Exhibits56: Chart on Application - Market share 2023-2028 (%)
- Exhibits57: Data Table on Application - Market share 2023-2028 (%)
- Exhibits58: Chart on Comparison by Application
- Exhibits59: Data Table on Comparison by Application
- Exhibits60: Chart on Distribution - Market size and forecast 2023-2028 ($ billion)
- Exhibits61: Data Table on Distribution - Market size and forecast 2023-2028 ($ billion)
- Exhibits62: Chart on Distribution - Year-over-year growth 2023-2028 (%)
- Exhibits63: Data Table on Distribution - Year-over-year growth 2023-2028 (%)
- Exhibits64: Chart on Generation - Market size and forecast 2023-2028 ($ billion)
- Exhibits65: Data Table on Generation - Market size and forecast 2023-2028 ($ billion)
- Exhibits66: Chart on Generation - Year-over-year growth 2023-2028 (%)
- Exhibits67: Data Table on Generation - Year-over-year growth 2023-2028 (%)
- Exhibits68: Chart on Transmission - Market size and forecast 2023-2028 ($ billion)
- Exhibits69: Data Table on Transmission - Market size and forecast 2023-2028 ($ billion)
- Exhibits70: Chart on Transmission - Year-over-year growth 2023-2028 (%)
- Exhibits71: Data Table on Transmission - Year-over-year growth 2023-2028 (%)
- Exhibits72: Market opportunity by Application ($ billion)
- Exhibits73: Data Table on Market opportunity by Application ($ billion)
- Exhibits74: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
- Exhibits75: Chart on Market share By Geographical Landscape 2023-2028 (%)
- Exhibits76: Data Table on Market share By Geographical Landscape 2023-2028 (%)
- Exhibits77: Chart on Geographic comparison
- Exhibits78: Data Table on Geographic comparison
- Exhibits79: Chart on APAC - Market size and forecast 2023-2028 ($ billion)
- Exhibits80: Data Table on APAC - Market size and forecast 2023-2028 ($ billion)
- Exhibits81: Chart on APAC - Year-over-year growth 2023-2028 (%)
- Exhibits82: Data Table on APAC - Year-over-year growth 2023-2028 (%)
- Exhibits83: Chart on North America - Market size and forecast 2023-2028 ($ billion)
- Exhibits84: Data Table on North America - Market size and forecast 2023-2028 ($ billion)
- Exhibits85: Chart on North America - Year-over-year growth 2023-2028 (%)
- Exhibits86: Data Table on North America - Year-over-year growth 2023-2028 (%)
- Exhibits87: Chart on Europe - Market size and forecast 2023-2028 ($ billion)
- Exhibits88: Data Table on Europe - Market size and forecast 2023-2028 ($ billion)
- Exhibits89: Chart on Europe - Year-over-year growth 2023-2028 (%)
- Exhibits90: Data Table on Europe - Year-over-year growth 2023-2028 (%)
- Exhibits91: Chart on Middle East and Africa - Market size and forecast 2023-2028 ($ billion)
- Exhibits92: Data Table on Middle East and Africa - Market size and forecast 2023-2028 ($ billion)
- Exhibits93: Chart on Middle East and Africa - Year-over-year growth 2023-2028 (%)
- Exhibits94: Data Table on Middle East and Africa - Year-over-year growth 2023-2028 (%)
- Exhibits95: Chart on South America - Market size and forecast 2023-2028 ($ billion)
- Exhibits96: Data Table on South America - Market size and forecast 2023-2028 ($ billion)
- Exhibits97: Chart on South America - Year-over-year growth 2023-2028 (%)
- Exhibits98: Data Table on South America - Year-over-year growth 2023-2028 (%)
- Exhibits99: Chart on China - Market size and forecast 2023-2028 ($ billion)
- Exhibits100: Data Table on China - Market size and forecast 2023-2028 ($ billion)
- Exhibits101: Chart on China - Year-over-year growth 2023-2028 (%)
- Exhibits102: Data Table on China - Year-over-year growth 2023-2028 (%)
- Exhibits103: Chart on US - Market size and forecast 2023-2028 ($ billion)
- Exhibits104: Data Table on US - Market size and forecast 2023-2028 ($ billion)
- Exhibits105: Chart on US - Year-over-year growth 2023-2028 (%)
- Exhibits106: Data Table on US - Year-over-year growth 2023-2028 (%)
- Exhibits107: Chart on Japan - Market size and forecast 2023-2028 ($ billion)
- Exhibits108: Data Table on Japan - Market size and forecast 2023-2028 ($ billion)
- Exhibits109: Chart on Japan - Year-over-year growth 2023-2028 (%)
- Exhibits110: Data Table on Japan - Year-over-year growth 2023-2028 (%)
- Exhibits111: Chart on Germany - Market size and forecast 2023-2028 ($ billion)
- Exhibits112: Data Table on Germany - Market size and forecast 2023-2028 ($ billion)
- Exhibits113: Chart on Germany - Year-over-year growth 2023-2028 (%)
- Exhibits114: Data Table on Germany - Year-over-year growth 2023-2028 (%)
- Exhibits115: Chart on India - Market size and forecast 2023-2028 ($ billion)
- Exhibits116: Data Table on India - Market size and forecast 2023-2028 ($ billion)
- Exhibits117: Chart on India - Year-over-year growth 2023-2028 (%)
- Exhibits118: Data Table on India - Year-over-year growth 2023-2028 (%)
- Exhibits119: Market opportunity By Geographical Landscape ($ billion)
- Exhibits120: Data Tables on Market opportunity By Geographical Landscape ($ billion)
- Exhibits121: Impact of drivers and challenges in 2023 and 2028
- Exhibits122: Overview on Criticality of inputs and Factors of differentiation
- Exhibits123: Overview on factors of disruption
- Exhibits124: Impact of key risks on business
- Exhibits125: Vendors covered
- Exhibits126: Matrix on vendor position and classification
- Exhibits127: ABB Ltd. - Overview
- Exhibits128: ABB Ltd. - Business segments
- Exhibits129: ABB Ltd. - Key news
- Exhibits130: ABB Ltd. - Key offerings
- Exhibits131: ABB Ltd. - Segment focus
- Exhibits132: Eaton Corp. Plc - Overview
- Exhibits133: Eaton Corp. Plc - Business segments
- Exhibits134: Eaton Corp. Plc - Key offerings
- Exhibits135: Eaton Corp. Plc - Segment focus
- Exhibits136: Fuji Electric Co. Ltd. - Overview
- Exhibits137: Fuji Electric Co. Ltd. - Business segments
- Exhibits138: Fuji Electric Co. Ltd. - Key offerings
- Exhibits139: Fuji Electric Co. Ltd. - Segment focus
- Exhibits140: General Electric Co. - Overview
- Exhibits141: General Electric Co. - Business segments
- Exhibits142: General Electric Co. - Key news
- Exhibits143: General Electric Co. - Key offerings
- Exhibits144: General Electric Co. - Segment focus
- Exhibits145: LS ELECTRIC Co. Ltd. - Overview
- Exhibits146: LS ELECTRIC Co. Ltd. - Product / Service
- Exhibits147: LS ELECTRIC Co. Ltd. - Key offerings
- Exhibits148: Mitsubishi Electric Corp. - Overview
- Exhibits149: Mitsubishi Electric Corp. - Business segments
- Exhibits150: Mitsubishi Electric Corp. - Key news
- Exhibits151: Mitsubishi Electric Corp. - Key offerings
- Exhibits152: Mitsubishi Electric Corp. - Segment focus
- Exhibits153: National Grid plc - Overview
- Exhibits154: National Grid plc - Business segments
- Exhibits155: National Grid plc - Key news
- Exhibits156: National Grid plc - Key offerings
- Exhibits157: National Grid plc - Segment focus
- Exhibits158: Nexans SA - Overview
- Exhibits159: Nexans SA - Business segments
- Exhibits160: Nexans SA - Key offerings
- Exhibits161: Nexans SA - Segment focus
- Exhibits162: Nextera Energy Inc. - Overview
- Exhibits163: Nextera Energy Inc. - Business segments
- Exhibits164: Nextera Energy Inc. - Key offerings
- Exhibits165: Nextera Energy Inc. - Segment focus
- Exhibits166: Powell Industries Inc. - Overview
- Exhibits167: Powell Industries Inc. - Product / Service
- Exhibits168: Powell Industries Inc. - Key offerings
- Exhibits169: Prysmian Spa - Overview
- Exhibits170: Prysmian Spa - Business segments
- Exhibits171: Prysmian Spa - Key offerings
- Exhibits172: Prysmian Spa - Segment focus
- Exhibits173: Schneider Electric SE - Overview
- Exhibits174: Schneider Electric SE - Business segments
- Exhibits175: Schneider Electric SE - Key news
- Exhibits176: Schneider Electric SE - Key offerings
- Exhibits177: Schneider Electric SE - Segment focus
- Exhibits178: Siemens Energy AG - Overview
- Exhibits179: Siemens Energy AG - Business segments
- Exhibits180: Siemens Energy AG - Key news
- Exhibits181: Siemens Energy AG - Key offerings
- Exhibits182: Siemens Energy AG - Segment focus
- Exhibits183: Toshiba Corp. - Overview
- Exhibits184: Toshiba Corp. - Business segments
- Exhibits185: Toshiba Corp. - Key news
- Exhibits186: Toshiba Corp. - Key offerings
- Exhibits187: Toshiba Corp. - Segment focus
- Exhibits188: VIKRAM SOLAR LTD. - Overview
- Exhibits189: VIKRAM SOLAR LTD. - Product / Service
- Exhibits190: VIKRAM SOLAR LTD. - Key offerings
- Exhibits191: Inclusions checklist
- Exhibits192: Exclusions checklist
- Exhibits193: Currency conversion rates for US$
- Exhibits194: Research methodology
- Exhibits195: Validation techniques employed for market sizing
- Exhibits196: Information sources
- Exhibits197: List of abbreviations
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