Europe Smart Grid Security Market Size, Share & Trends Analysis Report By Services (Professional Services and Managed Services), By Deployment (Cloud and On-premises), By Application, By Enterprise Size, By Country and Growth Forecast, 2024

List of Tables

The Europe Smart Grid Security Market would witness market growth of 28.7% CAGR during the forecast period (2024-2031).

The Germany market dominated the Europe Smart Grid Security Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $2,851.1 million by 2031. The UK market is exhibiting a CAGR of 27.5% during (2024 - 2031). Additionally, The France market would experience a CAGR of 29.6% during (2024 - 2031).

Physical security is another key component of the smart grid security market. While much of the focus on smart grid security revolves around protecting digital assets, physical threats to grid infrastructure, such as vandalism, sabotage, or natural disasters, cannot be overlooked. Power plants, substations, transmission lines, and other critical infrastructure must be protected from physical damage to ensure the continuity of electricity supply.

Additionally, this requires physical security measures, such as surveillance systems, access controls, and perimeter protection, to prevent unauthorized access and mitigate potential risks. As the smart grid becomes more decentralized by integrating distributed energy resources (DERs), physical security is needed beyond traditional centralized infrastructure to include smaller, more dispersed assets.

The European smart grid security market is experiencing rapid growth, driven by increasing digitalization and integrating renewable energy into grid systems. Governments across Europe are focused on enhancing grid resilience and sustainability, creating a strong demand for advanced cybersecurity measures. Regulations like the Network and Information Security (NIS) Directive and initiatives like the European Green Deal push energy providers to adopt more comprehensive security solutions to protect critical infrastructure. It is imperative for nations to ensure the security of increasingly digital and decentralized infrastructures, as the region is a leader in the integration of renewable energy.

Based on Services, the market is segmented into Professional Services and Managed Services. Based on Deployment, the market is segmented into Cloud and On-premises. Based on Application, the market is segmented into Smart Application, Smart Meters, and Other Applications. Based on Enterprise Size, the market is segmented into Large Enterprises and SMEs. Based on Security Type, the market is segmented into Network Security, Application Security, Endpoint Security, and Database Security. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.

List of Key Companies Profiled

Broadcom, Inc.
Cisco Systems, Inc.
IBM Corporation
Siemens AG
Oracle Corporation
Honeywell International, Inc.
ABB Group
General Electric Company
Schneider Electric SE
Hitachi, Ltd.

Europe Smart Grid Security Market Report Segmentation

By Services

Professional Services
Managed Services

By Deployment

Cloud
On-premises

By Application

Smart Application
Smart Meters
Other Applications

By Enterprise Size

Large Enterprises
SMEs

By Security Type

Network Security
Application Security
Endpoint Security
Database Security

By Country

Germany
UK
France
Russia
Spain
Italy
Rest of Europe

Chapter 1. Market Scope & Methodology

1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
- 1.4.1 Europe Smart Grid Security Market, by Services
- 1.4.2 Europe Smart Grid Security Market, by Deployment
- 1.4.3 Europe Smart Grid Security Market, by Application
- 1.4.4 Europe Smart Grid Security Market, by Enterprise Size
- 1.4.5 Europe Smart Grid Security Market, by Security Type
- 1.4.6 Europe Smart Grid Security Market, by Country
1.5 Methodology for the research

Chapter 2. Market at a Glance

2.1 Key Highlights

Chapter 3. Market Overview

3.1 Introduction
- 3.1.1 Overview
  - 3.1.1.1 Market Composition and Scenario
3.2 Key Factors Impacting the Market
- 3.2.1 Market Drivers
- 3.2.2 Market Restraints
- 3.2.3 Market Opportunities
- 3.2.4 Market Challenges

Chapter 4. Competition Analysis - Global

4.1 KBV Cardinal Matrix
4.2 Recent Industry Wide Strategic Developments
- 4.2.1 Partnerships, Collaborations and Agreements
- 4.2.2 Product Launches and Product Expansions
- 4.2.3 Acquisition and Mergers
4.3 Market Share Analysis, 2023
4.4 Top Winning Strategies
- 4.4.1 Key Leading Strategies: Percentage Distribution (2020-2024)
- 4.4.2 Key Strategic Move: (Partnerships, Collaborations & Agreements: 2020, Nov - 2024, Jun) Leading Players
4.5 Porter Five Forces Analysis

Chapter 5. Europe Smart Grid Security Market by Services

5.1 Europe Professional Services Market by Country
5.2 Europe Managed Services Market by Country

Chapter 6. Europe Smart Grid Security Market by Deployment

6.1 Europe Cloud Market by Country
6.2 Europe On-premises Market by Country

Chapter 7. Europe Smart Grid Security Market by Application

7.1 Europe Smart Application Market by Country
7.2 Europe Smart Meters Market by Country
7.3 Europe Other Applications Market by Country

Chapter 8. Europe Smart Grid Security Market by Enterprise Size

8.1 Europe Large Enterprises Market by Country
8.2 Europe SMEs Market by Country

Chapter 9. Europe Smart Grid Security Market by Security Type

9.1 Europe Network Security Market by Country
9.2 Europe Application Security Market by Country
9.3 Europe Endpoint Security Market by Country
9.4 Europe Database Security Market by Country

Chapter 10. Europe Smart Grid Security Market by Country

10.1 Germany Smart Grid Security Market
- 10.1.1 Germany Smart Grid Security Market by Services
- 10.1.2 Germany Smart Grid Security Market by Deployment
- 10.1.3 Germany Smart Grid Security Market by Application
- 10.1.4 Germany Smart Grid Security Market by Enterprise Size
- 10.1.5 Germany Smart Grid Security Market by Security Type
10.2 UK Smart Grid Security Market
- 10.2.1 UK Smart Grid Security Market by Services
- 10.2.2 UK Smart Grid Security Market by Deployment
- 10.2.3 UK Smart Grid Security Market by Application
- 10.2.4 UK Smart Grid Security Market by Enterprise Size
- 10.2.5 UK Smart Grid Security Market by Security Type
10.3 France Smart Grid Security Market
- 10.3.1 France Smart Grid Security Market by Services
- 10.3.2 France Smart Grid Security Market by Deployment
- 10.3.3 France Smart Grid Security Market by Application
- 10.3.4 France Smart Grid Security Market by Enterprise Size
- 10.3.5 France Smart Grid Security Market by Security Type
10.4 Russia Smart Grid Security Market
- 10.4.1 Russia Smart Grid Security Market by Services
- 10.4.2 Russia Smart Grid Security Market by Deployment
- 10.4.3 Russia Smart Grid Security Market by Application
- 10.4.4 Russia Smart Grid Security Market by Enterprise Size
- 10.4.5 Russia Smart Grid Security Market by Security Type
10.5 Spain Smart Grid Security Market
- 10.5.1 Spain Smart Grid Security Market by Services
- 10.5.2 Spain Smart Grid Security Market by Deployment
- 10.5.3 Spain Smart Grid Security Market by Application
- 10.5.4 Spain Smart Grid Security Market by Enterprise Size
- 10.5.5 Spain Smart Grid Security Market by Security Type
10.6 Italy Smart Grid Security Market
- 10.6.1 Italy Smart Grid Security Market by Services
- 10.6.2 Italy Smart Grid Security Market by Deployment
- 10.6.3 Italy Smart Grid Security Market by Application
- 10.6.4 Italy Smart Grid Security Market by Enterprise Size
- 10.6.5 Italy Smart Grid Security Market by Security Type
10.7 Rest of Europe Smart Grid Security Market
- 10.7.1 Rest of Europe Smart Grid Security Market by Services
- 10.7.2 Rest of Europe Smart Grid Security Market by Deployment
- 10.7.3 Rest of Europe Smart Grid Security Market by Application
- 10.7.4 Rest of Europe Smart Grid Security Market by Enterprise Size
- 10.7.5 Rest of Europe Smart Grid Security Market by Security Type

Chapter 11. Company Profiles

11.1 Broadcom, Inc.
- 11.1.1 Company Overview
- 11.1.2 Financial Analysis
- 11.1.3 Segmental and Regional Analysis
- 11.1.4 Research & Development Expense
- 11.1.5 SWOT Analysis
11.2 Cisco Systems, Inc.
- 11.2.1 Company Overview
- 11.2.2 Financial Analysis
- 11.2.3 Regional Analysis
- 11.2.4 Research & Development Expense
- 11.2.5 Recent strategies and developments:
  - 11.2.5.1 Partnerships, Collaborations, and Agreements:
  - 11.2.5.2 Acquisition and Mergers:
- 11.2.6 SWOT Analysis
11.3 Siemens AG
- 11.3.1 Company Overview
- 11.3.2 Financial Analysis
- 11.3.3 Segmental and Regional Analysis
- 11.3.4 Research & Development Expense
- 11.3.5 Recent strategies and developments:
  - 11.3.5.1 Partnerships, Collaborations, and Agreements:
  - 11.3.5.2 Acquisition and Mergers:
- 11.3.6 SWOT Analysis
11.4 IBM Corporation
- 11.4.1 Company Overview
- 11.4.2 Financial Analysis
- 11.4.3 Regional & Segmental Analysis
- 11.4.4 Research & Development Expenses
- 11.4.5 Recent strategies and developments:
  - 11.4.5.1 Partnerships, Collaborations, and Agreements:
  - 11.4.5.2 Acquisition and Mergers:
- 11.4.6 SWOT Analysis
11.5 Oracle Corporation
- 11.5.1 Company Overview
- 11.5.2 Financial Analysis
- 11.5.3 Segmental and Regional Analysis
- 11.5.4 Research & Development Expense
- 11.5.5 Recent strategies and developments:
  - 11.5.5.1 Partnerships, Collaborations, and Agreements:
  - 11.5.5.2 Product Launches and Product Expansions:
- 11.5.6 SWOT Analysis
11.6 Honeywell International, Inc.
- 11.6.1 Company Overview
- 11.6.2 Financial Analysis
- 11.6.3 Segmental and Regional Analysis
- 11.6.4 Research & Development Expenses
- 11.6.5 Recent strategies and developments:
  - 11.6.5.1 Partnerships, Collaborations, and Agreements:
  - 11.6.5.2 Product Launches and Product Expansions:
- 11.6.6 SWOT Analysis
11.7 ABB Group
- 11.7.1 Company Overview
- 11.7.2 Financial Analysis
- 11.7.3 Segmental and Regional Analysis
- 11.7.4 Research & Development Expense
- 11.7.5 Recent strategies and developments:
  - 11.7.5.1 Product Launches and Product Expansions:
- 11.7.6 SWOT Analysis
11.8 Schneider Electric SE
- 11.8.1 Company Overview
- 11.8.2 Financial Analysis
- 11.8.3 Segmental and Regional Analysis
- 11.8.4 Research & Development Expense
- 11.8.5 Recent strategies and developments:
  - 11.8.5.1 Partnerships, Collaborations, and Agreements:
  - 11.8.5.2 Product Launches and Product Expansions:
- 11.8.6 SWOT Analysis
11.9 General Electric Company
- 11.9.1 Company Overview
- 11.9.2 Financial Analysis
- 11.9.3 Segmental and Regional Analysis
- 11.9.4 Research & Development Expense
- 11.9.5 Recent strategies and developments:
  - 11.9.5.1 Product Launches and Product Expansions:
- 11.9.6 SWOT Analysis
11.10. Hitachi, Ltd.
- 11.10.1 Company Overview
- 11.10.2 Financial Analysis
- 11.10.3 Segmental and Regional Analysis
- 11.10.4 Research & Development Expenses
- 11.10.5 Recent strategies and developments:
  - 11.10.5.1 Partnerships, Collaborations, and Agreements:
  - 11.10.5.2 Product Launches and Product Expansions:
  - 11.10.5.3 Acquisition and Mergers:
- 11.10.6 SWOT Analysis

LIST OF TABLES

TABLE 1 Europe Smart Grid Security Market, 2020 - 2023, USD Million
TABLE 2 Europe Smart Grid Security Market, 2024 - 2031, USD Million
TABLE 3 Partnerships, Collaborations and Agreements- Smart Grid Security Market
TABLE 4 Product Launches And Product Expansions- Smart Grid Security Market
TABLE 5 Acquisition and Mergers- Smart Grid Security Market
TABLE 6 Europe Smart Grid Security Market by Services, 2020 - 2023, USD Million
TABLE 7 Europe Smart Grid Security Market by Services, 2024 - 2031, USD Million
TABLE 8 Europe Professional Services Market by Country, 2020 - 2023, USD Million
TABLE 9 Europe Professional Services Market by Country, 2024 - 2031, USD Million
TABLE 10 Europe Managed Services Market by Country, 2020 - 2023, USD Million
TABLE 11 Europe Managed Services Market by Country, 2024 - 2031, USD Million
TABLE 12 Europe Smart Grid Security Market by Deployment, 2020 - 2023, USD Million
TABLE 13 Europe Smart Grid Security Market by Deployment, 2024 - 2031, USD Million
TABLE 14 Europe Cloud Market by Country, 2020 - 2023, USD Million
TABLE 15 Europe Cloud Market by Country, 2024 - 2031, USD Million
TABLE 16 Europe On-premises Market by Country, 2020 - 2023, USD Million
TABLE 17 Europe On-premises Market by Country, 2024 - 2031, USD Million
TABLE 18 Europe Smart Grid Security Market by Application, 2020 - 2023, USD Million
TABLE 19 Europe Smart Grid Security Market by Application, 2024 - 2031, USD Million
TABLE 20 Europe Smart Application Market by Country, 2020 - 2023, USD Million
TABLE 21 Europe Smart Application Market by Country, 2024 - 2031, USD Million
TABLE 22 Europe Smart Meters Market by Country, 2020 - 2023, USD Million
TABLE 23 Europe Smart Meters Market by Country, 2024 - 2031, USD Million
TABLE 24 Europe Other Applications Market by Country, 2020 - 2023, USD Million
TABLE 25 Europe Other Applications Market by Country, 2024 - 2031, USD Million
TABLE 26 Europe Smart Grid Security Market by Enterprise Size, 2020 - 2023, USD Million
TABLE 27 Europe Smart Grid Security Market by Enterprise Size, 2024 - 2031, USD Million
TABLE 28 Europe Large Enterprises Market by Country, 2020 - 2023, USD Million
TABLE 29 Europe Large Enterprises Market by Country, 2024 - 2031, USD Million
TABLE 30 Europe SMEs Market by Country, 2020 - 2023, USD Million
TABLE 31 Europe SMEs Market by Country, 2024 - 2031, USD Million
TABLE 32 Europe Smart Grid Security Market by Security Type, 2020 - 2023, USD Million
TABLE 33 Europe Smart Grid Security Market by Security Type, 2024 - 2031, USD Million
TABLE 34 Europe Network Security Market by Country, 2020 - 2023, USD Million
TABLE 35 Europe Network Security Market by Country, 2024 - 2031, USD Million
TABLE 36 Europe Application Security Market by Country, 2020 - 2023, USD Million
TABLE 37 Europe Application Security Market by Country, 2024 - 2031, USD Million
TABLE 38 Europe Endpoint Security Market by Country, 2020 - 2023, USD Million
TABLE 39 Europe Endpoint Security Market by Country, 2024 - 2031, USD Million
TABLE 40 Europe Database Security Market by Country, 2020 - 2023, USD Million
TABLE 41 Europe Database Security Market by Country, 2024 - 2031, USD Million
TABLE 42 Europe Smart Grid Security Market by Country, 2020 - 2023, USD Million
TABLE 43 Europe Smart Grid Security Market by Country, 2024 - 2031, USD Million
TABLE 44 Germany Smart Grid Security Market, 2020 - 2023, USD Million
TABLE 45 Germany Smart Grid Security Market, 2024 - 2031, USD Million
TABLE 46 Germany Smart Grid Security Market by Services, 2020 - 2023, USD Million
TABLE 47 Germany Smart Grid Security Market by Services, 2024 - 2031, USD Million
TABLE 48 Germany Smart Grid Security Market by Deployment, 2020 - 2023, USD Million
TABLE 49 Germany Smart Grid Security Market by Deployment, 2024 - 2031, USD Million
TABLE 50 Germany Smart Grid Security Market by Application, 2020 - 2023, USD Million
TABLE 51 Germany Smart Grid Security Market by Application, 2024 - 2031, USD Million
TABLE 52 Germany Smart Grid Security Market by Enterprise Size, 2020 - 2023, USD Million
TABLE 53 Germany Smart Grid Security Market by Enterprise Size, 2024 - 2031, USD Million
TABLE 54 Germany Smart Grid Security Market by Security Type, 2020 - 2023, USD Million
TABLE 55 Germany Smart Grid Security Market by Security Type, 2024 - 2031, USD Million
TABLE 56 UK Smart Grid Security Market, 2020 - 2023, USD Million
TABLE 57 UK Smart Grid Security Market, 2024 - 2031, USD Million
TABLE 58 UK Smart Grid Security Market by Services, 2020 - 2023, USD Million
TABLE 59 UK Smart Grid Security Market by Services, 2024 - 2031, USD Million
TABLE 60 UK Smart Grid Security Market by Deployment, 2020 - 2023, USD Million
TABLE 61 UK Smart Grid Security Market by Deployment, 2024 - 2031, USD Million
TABLE 62 UK Smart Grid Security Market by Application, 2020 - 2023, USD Million
TABLE 63 UK Smart Grid Security Market by Application, 2024 - 2031, USD Million
TABLE 64 UK Smart Grid Security Market by Enterprise Size, 2020 - 2023, USD Million
TABLE 65 UK Smart Grid Security Market by Enterprise Size, 2024 - 2031, USD Million
TABLE 66 UK Smart Grid Security Market by Security Type, 2020 - 2023, USD Million
TABLE 67 UK Smart Grid Security Market by Security Type, 2024 - 2031, USD Million
TABLE 68 France Smart Grid Security Market, 2020 - 2023, USD Million
TABLE 69 France Smart Grid Security Market, 2024 - 2031, USD Million
TABLE 70 France Smart Grid Security Market by Services, 2020 - 2023, USD Million
TABLE 71 France Smart Grid Security Market by Services, 2024 - 2031, USD Million
TABLE 72 France Smart Grid Security Market by Deployment, 2020 - 2023, USD Million
TABLE 73 France Smart Grid Security Market by Deployment, 2024 - 2031, USD Million
TABLE 74 France Smart Grid Security Market by Application, 2020 - 2023, USD Million
TABLE 75 France Smart Grid Security Market by Application, 2024 - 2031, USD Million
TABLE 76 France Smart Grid Security Market by Enterprise Size, 2020 - 2023, USD Million
TABLE 77 France Smart Grid Security Market by Enterprise Size, 2024 - 2031, USD Million
TABLE 78 France Smart Grid Security Market by Security Type, 2020 - 2023, USD Million
TABLE 79 France Smart Grid Security Market by Security Type, 2024 - 2031, USD Million
TABLE 80 Russia Smart Grid Security Market, 2020 - 2023, USD Million
TABLE 81 Russia Smart Grid Security Market, 2024 - 2031, USD Million
TABLE 82 Russia Smart Grid Security Market by Services, 2020 - 2023, USD Million
TABLE 83 Russia Smart Grid Security Market by Services, 2024 - 2031, USD Million
TABLE 84 Russia Smart Grid Security Market by Deployment, 2020 - 2023, USD Million
TABLE 85 Russia Smart Grid Security Market by Deployment, 2024 - 2031, USD Million
TABLE 86 Russia Smart Grid Security Market by Application, 2020 - 2023, USD Million
TABLE 87 Russia Smart Grid Security Market by Application, 2024 - 2031, USD Million
TABLE 88 Russia Smart Grid Security Market by Enterprise Size, 2020 - 2023, USD Million
TABLE 89 Russia Smart Grid Security Market by Enterprise Size, 2024 - 2031, USD Million
TABLE 90 Russia Smart Grid Security Market by Security Type, 2020 - 2023, USD Million
TABLE 91 Russia Smart Grid Security Market by Security Type, 2024 - 2031, USD Million
TABLE 92 Spain Smart Grid Security Market, 2020 - 2023, USD Million
TABLE 93 Spain Smart Grid Security Market, 2024 - 2031, USD Million
TABLE 94 Spain Smart Grid Security Market by Services, 2020 - 2023, USD Million
TABLE 95 Spain Smart Grid Security Market by Services, 2024 - 2031, USD Million
TABLE 96 Spain Smart Grid Security Market by Deployment, 2020 - 2023, USD Million
TABLE 97 Spain Smart Grid Security Market by Deployment, 2024 - 2031, USD Million
TABLE 98 Spain Smart Grid Security Market by Application, 2020 - 2023, USD Million
TABLE 99 Spain Smart Grid Security Market by Application, 2024 - 2031, USD Million
TABLE 100 Spain Smart Grid Security Market by Enterprise Size, 2020 - 2023, USD Million
TABLE 101 Spain Smart Grid Security Market by Enterprise Size, 2024 - 2031, USD Million
TABLE 102 Spain Smart Grid Security Market by Security Type, 2020 - 2023, USD Million
TABLE 103 Spain Smart Grid Security Market by Security Type, 2024 - 2031, USD Million
TABLE 104 Italy Smart Grid Security Market, 2020 - 2023, USD Million
TABLE 105 Italy Smart Grid Security Market, 2024 - 2031, USD Million
TABLE 106 Italy Smart Grid Security Market by Services, 2020 - 2023, USD Million
TABLE 107 Italy Smart Grid Security Market by Services, 2024 - 2031, USD Million
TABLE 108 Italy Smart Grid Security Market by Deployment, 2020 - 2023, USD Million
TABLE 109 Italy Smart Grid Security Market by Deployment, 2024 - 2031, USD Million
TABLE 110 Italy Smart Grid Security Market by Application, 2020 - 2023, USD Million
TABLE 111 Italy Smart Grid Security Market by Application, 2024 - 2031, USD Million
TABLE 112 Italy Smart Grid Security Market by Enterprise Size, 2020 - 2023, USD Million
TABLE 113 Italy Smart Grid Security Market by Enterprise Size, 2024 - 2031, USD Million
TABLE 114 Italy Smart Grid Security Market by Security Type, 2020 - 2023, USD Million
TABLE 115 Italy Smart Grid Security Market by Security Type, 2024 - 2031, USD Million
TABLE 116 Rest of Europe Smart Grid Security Market, 2020 - 2023, USD Million
TABLE 117 Rest of Europe Smart Grid Security Market, 2024 - 2031, USD Million
TABLE 118 Rest of Europe Smart Grid Security Market by Services, 2020 - 2023, USD Million
TABLE 119 Rest of Europe Smart Grid Security Market by Services, 2024 - 2031, USD Million
TABLE 120 Rest of Europe Smart Grid Security Market by Deployment, 2020 - 2023, USD Million
TABLE 121 Rest of Europe Smart Grid Security Market by Deployment, 2024 - 2031, USD Million
TABLE 122 Rest of Europe Smart Grid Security Market by Application, 2020 - 2023, USD Million
TABLE 123 Rest of Europe Smart Grid Security Market by Application, 2024 - 2031, USD Million
TABLE 124 Rest of Europe Smart Grid Security Market by Enterprise Size, 2020 - 2023, USD Million
TABLE 125 Rest of Europe Smart Grid Security Market by Enterprise Size, 2024 - 2031, USD Million
TABLE 126 Rest of Europe Smart Grid Security Market by Security Type, 2020 - 2023, USD Million
TABLE 127 Rest of Europe Smart Grid Security Market by Security Type, 2024 - 2031, USD Million
TABLE 128 Key Information - Broadcom, Inc.
TABLE 129 Key Information - Cisco Systems, Inc.
TABLE 130 Key Information - Siemens AG
TABLE 131 Key Information - IBM Corporation
TABLE 132 Key Information - Oracle Corporation
TABLE 133 Key Information - Honeywell International, Inc.
TABLE 134 Key Information - ABB Group
TABLE 135 Key Information - Schneider Electric SE
TABLE 136 Key Information - General Electric Company
TABLE 137 Key Information - Hitachi, Ltd.

Europe Smart Grid Security Market Size, Share & Trends Analysis Report By Services (Professional Services and Managed Services), By Deployment (Cloud and On-premises), By Application, By Enterprise Size, By Country and Growth Forecast, 2024 - 2031

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