What is the market size for the power grid market?

The Market is expected to grow by $ 93.89 bn in 2024-2028. <a href='https://www.technavio.com/report/power-grid-market-industry-analysis'>Read More</a>

What is the CAGR for the power grid market?

5.94% CAGR with $ 93.89 bn Momentum. <a href='https://www.technavio.com/report/power-grid-market-industry-analysis'>Read More</a>

What is the growth rate of the Power Grid Market market?

5.94% is the estimation year on year growth rate. <a href='https://www.technavio.com/report/power-grid-market-industry-analysis'>Read More</a>

Which region held the largest market share in the Power Grid Market market?

APAC with 35% of the market growth. <a href='https://www.technavio.com/report/power-grid-market-industry-analysis'>Read More</a>

Who are the prominent players in the Power Grid Market market?

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 .... <a href='https://www.technavio.com/report/power-grid-market-industry-analysis'>Read More</a>

Power Grid Market Analysis APAC, North America, Europe, Middle East and Africa, South America - US, China, Japan, India, Germany - Size and Forecast 2024-2028

Published: Mar 2024
Pages: 173
SKU: IRTNTR77707

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Power Grid Market Forecast 2024-2028

The power grid market size is forecast to increase by USD 93.89 billion, at a CAGR of 5.94% between 2023 and 2028. The report includes historic market data from 2018-2022. The market is witnessing a growing demand for the high adoption of smart technologies, the development of microgrids for localized energy generation, and the rising deployment of energy storage systems.

Market Overview :

The cables segment is fastest-growing segment during the forecast year
The cables segment was the largest segment and was valued at USD 90.30 billion in 2018
The Regional Analysis consists of APAC, North America, Europe, Middle East and Africa, and South America
APAC is is most dominating region during the forecast period
The market growth and forecasting report also includes an in-depth analysis of the rising adoption of renewable energy sources, the high adoption of smart technologies, and the high initial costs associated with modernization projects.

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Market Trends

1 Executive Summary

1.1 Market overview
- Exhibit 01: Executive Summary – Chart on Market Overview
- Exhibit 02: Executive Summary – Data Table on Market Overview
- Exhibit 03: Executive Summary – Chart on Global Market Characteristics
- Exhibit 04: Executive Summary – Chart on Market by Geography
- Exhibit 05: Executive Summary – Chart on Market Segmentation by Component
- Exhibit 06: Executive Summary – Chart on Market Segmentation by Application
- Exhibit 07: Executive Summary – Chart on Incremental Growth
- Exhibit 08: Executive Summary – Data Table on Incremental Growth
- Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

2.1 Market ecosystem
- Exhibit 10: Parent market
- Exhibit 11: Market Characteristics

3 Market Sizing

3.1 Market definition
- Exhibit 12: Offerings of vendors included in the market definition

3.2 Market segment analysis
- Exhibit 13: Market segments

3.3 Market size 2023

3.4 Market outlook: Forecast for 2023-2028
- Exhibit 14: Chart on Global - Market size and forecast 2023-2028 ($ billion)
- Exhibit 15: Data Table on Global - Market size and forecast 2023-2028 ($ billion)
- Exhibit 16: Chart on Global Market: Year-over-year growth 2023-2028 (%)
- Exhibit 17: Data Table on Global Market: Year-over-year growth 2023-2028 (%)

4 Historic Market Size

4.1 Global power grid market 2018 - 2022
- Exhibit 18: Historic Market Size – Data Table on global power grid market 2018 - 2022 ($ billion)

4.2 Component Segment Analysis 2018 - 2022
- Exhibit 19: Historic Market Size – Component Segment 2018 - 2022 ($ billion)

4.3 Application Segment Analysis 2018 - 2022
- Exhibit 20: Historic Market Size – Application Segment 2018 - 2022 ($ billion)

4.4 Geography Segment Analysis 2018 - 2022
- Exhibit 21: Historic Market Size – Geography Segment 2018 - 2022 ($ billion)

4.5 Country Segment Analysis 2018 - 2022
- Exhibit 22: Historic Market Size – Country Segment 2018 - 2022 ($ billion)

5 Five Forces Analysis

5.1 Five forces summary
- Exhibit 23: Five forces analysis - Comparison between 2023 and 2028

5.2 Bargaining power of buyers
- Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2023 and 2028

5.3 Bargaining power of suppliers
- Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2023 and 2028

5.4 Threat of new entrants
- Exhibit 26: Threat of new entrants – Impact of key factors in 2023 and 2028

5.5 Threat of substitutes
- Exhibit 27: Threat of substitutes – Impact of key factors in 2023 and 2028

5.6 Threat of rivalry
- Exhibit 28: Threat of rivalry – Impact of key factors in 2023 and 2028

5.7 Market condition
- Exhibit 29: Chart on Market condition - Five forces 2023 and 2028

6 Market Segmentation by Component

6.1 Market segments
- Exhibit 30: Chart on Component - Market share 2023-2028 (%)
- Exhibit 31: Data Table on Component - Market share 2023-2028 (%)

6.2 Comparison by Component
- Exhibit 32: Chart on Comparison by Component
- Exhibit 33: Data Table on Comparison by Component

6.3 Cables - Market size and forecast 2023-2028
- Exhibit 34: Chart on Cables - Market size and forecast 2023-2028 ($ billion)
- Exhibit 35: Data Table on Cables - Market size and forecast 2023-2028 ($ billion)
- Exhibit 36: Chart on Cables - Year-over-year growth 2023-2028 (%)
- Exhibit 37: Data Table on Cables - Year-over-year growth 2023-2028 (%)

6.4 Switchgear - Market size and forecast 2023-2028
- Exhibit 38: Chart on Switchgear - Market size and forecast 2023-2028 ($ billion)
- Exhibit 39: Data Table on Switchgear - Market size and forecast 2023-2028 ($ billion)
- Exhibit 40: Chart on Switchgear - Year-over-year growth 2023-2028 (%)
- Exhibit 41: Data Table on Switchgear - Year-over-year growth 2023-2028 (%)

6.5 Transformers - Market size and forecast 2023-2028
- Exhibit 42: Chart on Transformers - Market size and forecast 2023-2028 ($ billion)
- Exhibit 43: Data Table on Transformers - Market size and forecast 2023-2028 ($ billion)
- Exhibit 44: Chart on Transformers - Year-over-year growth 2023-2028 (%)
- Exhibit 45: Data Table on Transformers - Year-over-year growth 2023-2028 (%)

6.6 Variable speed drives - Market size and forecast 2023-2028
- Exhibit 46: Chart on Variable speed drives - Market size and forecast 2023-2028 ($ billion)
- Exhibit 47: Data Table on Variable speed drives - Market size and forecast 2023-2028 ($ billion)
- Exhibit 48: Chart on Variable speed drives - Year-over-year growth 2023-2028 (%)
- Exhibit 49: Data Table on Variable speed drives - Year-over-year growth 2023-2028 (%)

6.7 Others - Market size and forecast 2023-2028
- Exhibit 50: Chart on Others - Market size and forecast 2023-2028 ($ billion)
- Exhibit 51: Data Table on Others - Market size and forecast 2023-2028 ($ billion)
- Exhibit 52: Chart on Others - Year-over-year growth 2023-2028 (%)
- Exhibit 53: Data Table on Others - Year-over-year growth 2023-2028 (%)

6.8 Market opportunity by Component
- Exhibit 54: Market opportunity by Component ($ billion)
- Exhibit 55: Data Table on Market opportunity by Component ($ billion)

7 Market Segmentation by Application

7.1 Market segments
- Exhibit 56: Chart on Application - Market share 2023-2028 (%)
- Exhibit 57: Data Table on Application - Market share 2023-2028 (%)

7.2 Comparison by Application
- Exhibit 58: Chart on Comparison by Application
- Exhibit 59: Data Table on Comparison by Application

7.3 Distribution - Market size and forecast 2023-2028
- Exhibit 60: Chart on Distribution - Market size and forecast 2023-2028 ($ billion)
- Exhibit 61: Data Table on Distribution - Market size and forecast 2023-2028 ($ billion)
- Exhibit 62: Chart on Distribution - Year-over-year growth 2023-2028 (%)
- Exhibit 63: Data Table on Distribution - Year-over-year growth 2023-2028 (%)

7.4 Generation - Market size and forecast 2023-2028
- Exhibit 64: Chart on Generation - Market size and forecast 2023-2028 ($ billion)
- Exhibit 65: Data Table on Generation - Market size and forecast 2023-2028 ($ billion)
- Exhibit 66: Chart on Generation - Year-over-year growth 2023-2028 (%)
- Exhibit 67: Data Table on Generation - Year-over-year growth 2023-2028 (%)

7.5 Transmission - Market size and forecast 2023-2028
- Exhibit 68: Chart on Transmission - Market size and forecast 2023-2028 ($ billion)
- Exhibit 69: Data Table on Transmission - Market size and forecast 2023-2028 ($ billion)
- Exhibit 70: Chart on Transmission - Year-over-year growth 2023-2028 (%)
- Exhibit 71: Data Table on Transmission - Year-over-year growth 2023-2028 (%)

7.6 Market opportunity by Application
- Exhibit 72: Market opportunity by Application ($ billion)
- Exhibit 73: Data Table on Market opportunity by Application ($ billion)

8 Customer Landscape

8.1 Customer landscape overview
- Exhibit 74: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Geographic Landscape

9.1 Geographic segmentation
- Exhibit 75: Chart on Market share by geography 2023-2028 (%)
- Exhibit 76: Data Table on Market share by geography 2023-2028 (%)

9.2 Geographic comparison
- Exhibit 77: Chart on Geographic comparison
- Exhibit 78: Data Table on Geographic comparison

9.3 APAC - Market size and forecast 2023-2028
- Exhibit 79: Chart on APAC - Market size and forecast 2023-2028 ($ billion)
- Exhibit 80: Data Table on APAC - Market size and forecast 2023-2028 ($ billion)
- Exhibit 81: Chart on APAC - Year-over-year growth 2023-2028 (%)
- Exhibit 82: Data Table on APAC - Year-over-year growth 2023-2028 (%)

9.4 North America - Market size and forecast 2023-2028
- Exhibit 83: Chart on North America - Market size and forecast 2023-2028 ($ billion)
- Exhibit 84: Data Table on North America - Market size and forecast 2023-2028 ($ billion)
- Exhibit 85: Chart on North America - Year-over-year growth 2023-2028 (%)
- Exhibit 86: Data Table on North America - Year-over-year growth 2023-2028 (%)

9.5 Europe - Market size and forecast 2023-2028
- Exhibit 87: Chart on Europe - Market size and forecast 2023-2028 ($ billion)
- Exhibit 88: Data Table on Europe - Market size and forecast 2023-2028 ($ billion)
- Exhibit 89: Chart on Europe - Year-over-year growth 2023-2028 (%)
- Exhibit 90: Data Table on Europe - Year-over-year growth 2023-2028 (%)

9.6 Middle East and Africa - Market size and forecast 2023-2028
- Exhibit 91: Chart on Middle East and Africa - Market size and forecast 2023-2028 ($ billion)
- Exhibit 92: Data Table on Middle East and Africa - Market size and forecast 2023-2028 ($ billion)
- Exhibit 93: Chart on Middle East and Africa - Year-over-year growth 2023-2028 (%)
- Exhibit 94: Data Table on Middle East and Africa - Year-over-year growth 2023-2028 (%)

9.7 South America - Market size and forecast 2023-2028
- Exhibit 95: Chart on South America - Market size and forecast 2023-2028 ($ billion)
- Exhibit 96: Data Table on South America - Market size and forecast 2023-2028 ($ billion)
- Exhibit 97: Chart on South America - Year-over-year growth 2023-2028 (%)
- Exhibit 98: Data Table on South America - Year-over-year growth 2023-2028 (%)

9.8 China - Market size and forecast 2023-2028
- Exhibit 99: Chart on China - Market size and forecast 2023-2028 ($ billion)
- Exhibit 100: Data Table on China - Market size and forecast 2023-2028 ($ billion)
- Exhibit 101: Chart on China - Year-over-year growth 2023-2028 (%)
- Exhibit 102: Data Table on China - Year-over-year growth 2023-2028 (%)

9.9 US - Market size and forecast 2023-2028
- Exhibit 103: Chart on US - Market size and forecast 2023-2028 ($ billion)
- Exhibit 104: Data Table on US - Market size and forecast 2023-2028 ($ billion)
- Exhibit 105: Chart on US - Year-over-year growth 2023-2028 (%)
- Exhibit 106: Data Table on US - Year-over-year growth 2023-2028 (%)

9.10 Japan - Market size and forecast 2023-2028
- Exhibit 107: Chart on Japan - Market size and forecast 2023-2028 ($ billion)
- Exhibit 108: Data Table on Japan - Market size and forecast 2023-2028 ($ billion)
- Exhibit 109: Chart on Japan - Year-over-year growth 2023-2028 (%)
- Exhibit 110: Data Table on Japan - Year-over-year growth 2023-2028 (%)

9.11 Germany - Market size and forecast 2023-2028
- Exhibit 111: Chart on Germany - Market size and forecast 2023-2028 ($ billion)
- Exhibit 112: Data Table on Germany - Market size and forecast 2023-2028 ($ billion)
- Exhibit 113: Chart on Germany - Year-over-year growth 2023-2028 (%)
- Exhibit 114: Data Table on Germany - Year-over-year growth 2023-2028 (%)

9.12 India - Market size and forecast 2023-2028
- Exhibit 115: Chart on India - Market size and forecast 2023-2028 ($ billion)
- Exhibit 116: Data Table on India - Market size and forecast 2023-2028 ($ billion)
- Exhibit 117: Chart on India - Year-over-year growth 2023-2028 (%)
- Exhibit 118: Data Table on India - Year-over-year growth 2023-2028 (%)

9.13 Market opportunity by geography
- Exhibit 119: Market opportunity by geography ($ billion)
- Exhibit 120: Data Tables on Market opportunity by geography ($ billion)

10 Drivers, Challenges, and Trends

10.1 Market drivers

10.2 Market challenges

10.3 Impact of drivers and challenges
- Exhibit 121: Impact of drivers and challenges in 2023 and 2028

10.4 Market trends

11 Vendor Landscape

11.1 Overview

11.2 Vendor landscape
- Exhibit 122: Overview on Criticality of inputs and Factors of differentiation

11.3 Landscape disruption
- Exhibit 123: Overview on factors of disruption

11.4 Industry risks
- Exhibit 124: Impact of key risks on business

12 Vendor Analysis

12.1 Vendors covered
- Exhibit 125: Vendors covered

12.2 Market positioning of vendors
- Exhibit 126: Matrix on vendor position and classification

12.3 ABB Ltd.
- Exhibit 127: ABB Ltd. - Overview
- Exhibit 128: ABB Ltd. - Business segments
- Exhibit 129: ABB Ltd. - Key news
- Exhibit 130: ABB Ltd. - Key offerings
- Exhibit 131: ABB Ltd. - Segment focus

12.4 Eaton Corp. Plc
- Exhibit 132: Eaton Corp. Plc - Overview
- Exhibit 133: Eaton Corp. Plc - Business segments
- Exhibit 134: Eaton Corp. Plc - Key offerings
- Exhibit 135: Eaton Corp. Plc - Segment focus

12.5 Fuji Electric Co. Ltd.
- Exhibit 136: Fuji Electric Co. Ltd. - Overview
- Exhibit 137: Fuji Electric Co. Ltd. - Business segments
- Exhibit 138: Fuji Electric Co. Ltd. - Key offerings
- Exhibit 139: Fuji Electric Co. Ltd. - Segment focus

12.6 General Electric Co.
- Exhibit 140: General Electric Co. - Overview
- Exhibit 141: General Electric Co. - Business segments
- Exhibit 142: General Electric Co. - Key news
- Exhibit 143: General Electric Co. - Key offerings
- Exhibit 144: General Electric Co. - Segment focus

12.7 LS ELECTRIC Co. Ltd.
- Exhibit 145: LS ELECTRIC Co. Ltd. - Overview
- Exhibit 146: LS ELECTRIC Co. Ltd. - Product / Service
- Exhibit 147: LS ELECTRIC Co. Ltd. - Key offerings

12.8 Mitsubishi Electric Corp.
- Exhibit 148: Mitsubishi Electric Corp. - Overview
- Exhibit 149: Mitsubishi Electric Corp. - Business segments
- Exhibit 150: Mitsubishi Electric Corp. - Key news
- Exhibit 151: Mitsubishi Electric Corp. - Key offerings
- Exhibit 152: Mitsubishi Electric Corp. - Segment focus

12.9 National Grid plc
- Exhibit 153: National Grid plc - Overview
- Exhibit 154: National Grid plc - Business segments
- Exhibit 155: National Grid plc - Key news
- Exhibit 156: National Grid plc - Key offerings
- Exhibit 157: National Grid plc - Segment focus

12.10 Nexans SA
- Exhibit 158: Nexans SA - Overview
- Exhibit 159: Nexans SA - Business segments
- Exhibit 160: Nexans SA - Key offerings
- Exhibit 161: Nexans SA - Segment focus

12.11 Nextera Energy Inc.
- Exhibit 162: Nextera Energy Inc. - Overview
- Exhibit 163: Nextera Energy Inc. - Business segments
- Exhibit 164: Nextera Energy Inc. - Key offerings
- Exhibit 165: Nextera Energy Inc. - Segment focus

12.12 Powell Industries Inc.
- Exhibit 166: Powell Industries Inc. - Overview
- Exhibit 167: Powell Industries Inc. - Product / Service
- Exhibit 168: Powell Industries Inc. - Key offerings

12.13 Prysmian Spa
- Exhibit 169: Prysmian Spa - Overview
- Exhibit 170: Prysmian Spa - Business segments
- Exhibit 171: Prysmian Spa - Key offerings
- Exhibit 172: Prysmian Spa - Segment focus

12.14 Schneider Electric SE
- Exhibit 173: Schneider Electric SE - Overview
- Exhibit 174: Schneider Electric SE - Business segments
- Exhibit 175: Schneider Electric SE - Key news
- Exhibit 176: Schneider Electric SE - Key offerings
- Exhibit 177: Schneider Electric SE - Segment focus

12.15 Siemens Energy AG
- Exhibit 178: Siemens Energy AG - Overview
- Exhibit 179: Siemens Energy AG - Business segments
- Exhibit 180: Siemens Energy AG - Key news
- Exhibit 181: Siemens Energy AG - Key offerings
- Exhibit 182: Siemens Energy AG - Segment focus

12.16 Toshiba Corp.
- Exhibit 183: Toshiba Corp. - Overview
- Exhibit 184: Toshiba Corp. - Business segments
- Exhibit 185: Toshiba Corp. - Key news
- Exhibit 186: Toshiba Corp. - Key offerings
- Exhibit 187: Toshiba Corp. - Segment focus

12.17 VIKRAM SOLAR LTD.
- Exhibit 188: VIKRAM SOLAR LTD. - Overview
- Exhibit 189: VIKRAM SOLAR LTD. - Product / Service
- Exhibit 190: VIKRAM SOLAR LTD. - Key offerings

13 Appendix

13.1 Scope of the report

13.2 Inclusions and exclusions checklist
- Exhibit 191: Inclusions checklist
- Exhibit 192: Exclusions checklist

13.3 Currency conversion rates for US$
- Exhibit 193: Currency conversion rates for US$

13.4 Research methodology
- Exhibit 194: Research methodology
- Exhibit 195: Validation techniques employed for market sizing
- Exhibit 196: Information sources