Global Power Grid Market 2024-2028

Best Price Guarantee	Length	Publisher	Published Date	SKU
from $2,500	173 Pages	TechNavio	March, 2024	INF18641353

Best Price Guarantee
Price	from $2,500
Length	173 Pages
Publisher	TechNavio
Published Date	March, 2024
SKU	INF18641353

Global Power Grid Market 2024-2028

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:

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.

Executive Summary
- Market overview
  - Table Executive Summary – Chart on Market Overview
  - Table Executive Summary – Data Table on Market Overview
  - Table Executive Summary – Chart on Global Market Characteristics
  - Table Executive Summary – Chart on Market by Geography
  - Table Executive Summary – Chart on Market Segmentation by Component
  - Table Executive Summary – Chart on Market Segmentation by Application
  - Table Executive Summary – Chart on Incremental Growth
  - Table Executive Summary – Data Table on Incremental Growth
  - Table Executive Summary – Chart on Vendor Market Positioning
Market Landscape
- Market ecosystem
  - Table Parent market
  - Table Market Characteristics
Market Sizing
- Market definition
  - Table Offerings of vendors included in the market definition
- Market segment analysis
  - Table Market segments
- Market size 2023
- Market outlook: Forecast for 2023-2028
  - Table Chart on Global - Market size and forecast 2023-2028 ($ billion)
  - Table Data Table on Global - Market size and forecast 2023-2028 ($ billion)
  - Table Chart on Global Market: Year-over-year growth 2023-2028 (%)
  - Table Data Table on Global Market: Year-over-year growth 2023-2028 (%)
Historic Market Size
- Global power grid market 2018 - 2022
  - Table Historic Market Size – Data Table on global power grid market 2018 - 2022 ($ billion)
- Component Segment Analysis 2018 - 2022
  - Table Historic Market Size – Component Segment 2018 - 2022 ($ billion)
- Application Segment Analysis 2018 - 2022
  - Table Historic Market Size – Application Segment 2018 - 2022 ($ billion)
- Geography Segment Analysis 2018 - 2022
  - Table Historic Market Size – Geography Segment 2018 - 2022 ($ billion)
- Country Segment Analysis 2018 - 2022
  - Table Historic Market Size – Country Segment 2018 - 2022 ($ billion)
Five Forces Analysis
- Five forces summary
  - Table Five forces analysis - Comparison between 2023 and 2028
- Bargaining power of buyers
  - Table Chart on Bargaining power of buyers – Impact of key factors 2023 and 2028
- Bargaining power of suppliers
  - Table Bargaining power of suppliers – Impact of key factors in 2023 and 2028
- Threat of new entrants
  - Table Threat of new entrants – Impact of key factors in 2023 and 2028
- Threat of substitutes
  - Table Threat of substitutes – Impact of key factors in 2023 and 2028
- Threat of rivalry
  - Table Threat of rivalry – Impact of key factors in 2023 and 2028
- Market condition
  - Table Chart on Market condition - Five forces 2023 and 2028
Market Segmentation by Component
- Market segments
  - Table Chart on Component - Market share 2023-2028 (%)
  - Table Data Table on Component - Market share 2023-2028 (%)
- Comparison by Component
  - Table Chart on Comparison by Component
  - Table Data Table on Comparison by Component
- Cables - Market size and forecast 2023-2028
  - Table Chart on Cables - Market size and forecast 2023-2028 ($ billion)
  - Table Data Table on Cables - Market size and forecast 2023-2028 ($ billion)
  - Table Chart on Cables - Year-over-year growth 2023-2028 (%)
  - Table Data Table on Cables - Year-over-year growth 2023-2028 (%)
- Switchgear - Market size and forecast 2023-2028
  - Table Chart on Switchgear - Market size and forecast 2023-2028 ($ billion)
  - Table Data Table on Switchgear - Market size and forecast 2023-2028 ($ billion)
  - Table Chart on Switchgear - Year-over-year growth 2023-2028 (%)
  - Table Data Table on Switchgear - Year-over-year growth 2023-2028 (%)
- Transformers - Market size and forecast 2023-2028
  - Table Chart on Transformers - Market size and forecast 2023-2028 ($ billion)
  - Table Data Table on Transformers - Market size and forecast 2023-2028 ($ billion)
  - Table Chart on Transformers - Year-over-year growth 2023-2028 (%)
  - Table Data Table on Transformers - Year-over-year growth 2023-2028 (%)
- Variable speed drives - Market size and forecast 2023- 2028
  - Table Chart on Variable speed drives - Market size and forecast 2023-2028 ($ billion)
  - Table Data Table on Variable speed drives - Market size and forecast 2023-2028 ($ billion)
  - Table Chart on Variable speed drives - Year-over-year growth 2023-2028 (%)
  - Table Data Table on Variable speed drives - Year-over-year growth 2023-2028 (%)
- Others - Market size and forecast 2023-2028
  - Table Chart on Others - Market size and forecast 2023-2028 ($ billion)
  - Table Data Table on Others - Market size and forecast 2023-2028 ($ billion)
  - Table Chart on Others - Year-over-year growth 2023-2028 (%)
  - Table Data Table on Others - Year-over-year growth 2023-2028 (%)
- Market opportunity by Component
  - Table Market opportunity by Component ($ billion)
  - Table Data Table on Market opportunity by Component ($ billion)
Market Segmentation by Application
- Market segments
  - Table Chart on Application - Market share 2023-2028 (%)
  - Table Data Table on Application - Market share 2023-2028 (%)
- Comparison by Application
  - Table Chart on Comparison by Application
  - Table Data Table on Comparison by Application
- Distribution - Market size and forecast 2023-2028
  - Table Chart on Distribution - Market size and forecast 2023-2028 ($ billion)
  - Table Data Table on Distribution - Market size and forecast 2023-2028 ($ billion)
  - Table Chart on Distribution - Year-over-year growth 2023-2028 (%)
  - Table Data Table on Distribution - Year-over-year growth 2023-2028 (%)
- Generation - Market size and forecast 2023-2028
  - Table Chart on Generation - Market size and forecast 2023-2028 ($ billion)
  - Table Data Table on Generation - Market size and forecast 2023-2028 ($ billion)
  - Table Chart on Generation - Year-over-year growth 2023-2028 (%)
  - Table Data Table on Generation - Year-over-year growth 2023-2028 (%)
- Transmission - Market size and forecast 2023-2028
  - Table Chart on Transmission - Market size and forecast 2023-2028 ($ billion)
  - Table Data Table on Transmission - Market size and forecast 2023-2028 ($ billion)
  - Table Chart on Transmission - Year-over-year growth 2023-2028 (%)
  - Table Data Table on Transmission - Year-over-year growth 2023-2028 (%)
- Market opportunity by Application
  - Table Market opportunity by Application ($ billion)
  - Table Data Table on Market opportunity by Application ($ billion)
Customer Landscape
- Customer landscape overview
  - Table Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
Geographic Landscape
- Geographic segmentation
  - Table Chart on Market share by geography 2023-2028 (%)
  - Table Data Table on Market share by geography 2023-2028 (%)
- Geographic comparison
  - Table Chart on Geographic comparison
  - Table Data Table on Geographic comparison
- APAC - Market size and forecast 2023-2028
  - Table Chart on APAC - Market size and forecast 2023-2028 ($ billion)
  - Table Data Table on APAC - Market size and forecast 2023-2028 ($ billion)
  - Table Chart on APAC - Year-over-year growth 2023-2028 (%)
  - Table Data Table on APAC - Year-over-year growth 2023-2028 (%)
- North America - Market size and forecast 2023-2028
  - Table Chart on North America - Market size and forecast 2023-2028 ($ billion)
  - Table Data Table on North America - Market size and forecast 2023-2028 ($ billion)
  - Table Chart on North America - Year-over-year growth 2023-2028 (%)
  - Table Data Table on North America - Year-over-year growth 2023-2028 (%)
- Europe - Market size and forecast 2023-2028
  - Table Chart on Europe - Market size and forecast 2023-2028 ($ billion)
  - Table Data Table on Europe - Market size and forecast 2023-2028 ($ billion)
  - Table Chart on Europe - Year-over-year growth 2023-2028 (%)
  - Table Data Table on Europe - Year-over-year growth 2023-2028 (%)
- Middle East and Africa - Market size and forecast 2023- 2028
  - Table Chart on Middle East and Africa - Market size and forecast 2023-2028 ($ billion)
  - Table Data Table on Middle East and Africa - Market size and forecast 2023-2028 ($ billion)
  - Table Chart on Middle East and Africa - Year-over-year growth 2023-2028 (%)
  - Table Data Table on Middle East and Africa - Year-over-year growth 2023-2028 (%)
- South America - Market size and forecast 2023-2028
  - Table Chart on South America - Market size and forecast 2023-2028 ($ billion)
  - Table Data Table on South America - Market size and forecast 2023-2028 ($ billion)
  - Table Chart on South America - Year-over-year growth 2023-2028 (%)
  - Table Data Table on South America - Year-over-year growth 2023-2028 (%)
- China - Market size and forecast 2023-2028
  - Table Chart on China - Market size and forecast 2023-2028 ($ billion)
  - Table Data Table on China - Market size and forecast 2023-2028 ($ billion)
  - Table Chart on China - Year-over-year growth 2023-2028 (%)
  - Table Data Table on China - Year-over-year growth 2023-2028 (%)
- US - Market size and forecast 2023-2028
  - Table Chart on US - Market size and forecast 2023-2028 ($ billion)
  - Table Data Table on US - Market size and forecast 2023-2028 ($ billion)
  - Table Chart on US - Year-over-year growth 2023-2028 (%)
  - Table Data Table on US - Year-over-year growth 2023-2028 (%)
- Japan - Market size and forecast 2023-2028
  - Table Chart on Japan - Market size and forecast 2023-2028 ($ billion)
  - Table Data Table on Japan - Market size and forecast 2023-2028 ($ billion)
  - Table Chart on Japan - Year-over-year growth 2023-2028 (%)
  - Table Data Table on Japan - Year-over-year growth 2023-2028 (%)
- Germany - Market size and forecast 2023-2028
  - Table Chart on Germany - Market size and forecast 2023-2028 ($ billion)
  - Table Data Table on Germany - Market size and forecast 2023-2028 ($ billion)
  - Table Chart on Germany - Year-over-year growth 2023-2028 (%)
  - Table Data Table on Germany - Year-over-year growth 2023-2028 (%)
- India - Market size and forecast 2023-2028
  - Table Chart on India - Market size and forecast 2023-2028 ($ billion)
  - Table Data Table on India - Market size and forecast 2023-2028 ($ billion)
  - Table Chart on India - Year-over-year growth 2023-2028 (%)
  - Table Data Table on India - Year-over-year growth 2023-2028 (%)
- Market opportunity by geography
  - Table Market opportunity by geography ($ billion)
  - Table Data Tables on Market opportunity by geography ($ billion)
Drivers, Challenges, and Trends
- Market drivers
  - Rising adoption of renewable energy sources
  - Expansion of electrification in transportation sectors
- Market challenges
  - High initial costs associated with grid modernization project
  - Regulatory complexities and policy uncertainties on power grids
- Impact of drivers and challenges
  - Table Impact of drivers and challenges in 2023 and 2028
- Market trends
  - High adoption of smart grid technologies
  - Development of microgrids for localized energy generation
Vendor Landscape
- Overview
- Vendor landscape
  - Table Overview on Criticality of inputs and Factors of differentiation
- Landscape disruption
  - Table Overview on factors of disruption
- Industry risks
  - Table Impact of key risks on business
Vendor Analysis
- Vendors covered
  - Table Vendors covered
- Market positioning of vendors
  - Table Matrix on vendor position and classification
- ABB Ltd.
  - Table ABB Ltd. - Overview
  - Table ABB Ltd. - Business segments
  - Table ABB Ltd. - Key news
  - Table ABB Ltd. - Key offerings
  - Table ABB Ltd. - Segment focus
- Eaton Corp. Plc
  - Table Eaton Corp. Plc - Overview
  - Table Eaton Corp. Plc - Business segments
  - Table Eaton Corp. Plc - Key offerings
  - Table Eaton Corp. Plc - Segment focus
- Fuji Electric Co. Ltd.
  - Table Fuji Electric Co. Ltd. - Overview
  - Table Fuji Electric Co. Ltd. - Business segments
  - Table Fuji Electric Co. Ltd. - Key offerings
  - Table Fuji Electric Co. Ltd. - Segment focus
- General Electric Co.
  - Table General Electric Co. - Overview
  - Table General Electric Co. - Business segments
  - Table General Electric Co. - Key news
  - Table General Electric Co. - Key offerings
  - Table General Electric Co. - Segment focus
- LS ELECTRIC Co. Ltd.
  - Table LS ELECTRIC Co. Ltd. - Overview
  - Table LS ELECTRIC Co. Ltd. - Product / Service
  - Table LS ELECTRIC Co. Ltd. - Key offerings
- Mitsubishi Electric Corp.
  - Table Mitsubishi Electric Corp. - Overview
  - Table Mitsubishi Electric Corp. - Business segments
  - Table Mitsubishi Electric Corp. - Key news
  - Table Mitsubishi Electric Corp. - Key offerings
  - Table Mitsubishi Electric Corp. - Segment focus
- National Grid plc
  - Table National Grid plc - Overview
  - Table National Grid plc - Business segments
  - Table National Grid plc - Key news
  - Table National Grid plc - Key offerings
  - Table National Grid plc - Segment focus
- Nexans SA
  - Table Nexans SA - Overview
  - Table Nexans SA - Business segments
  - Table Nexans SA - Key offerings
  - Table Nexans SA - Segment focus
- Nextera Energy Inc.
  - Table Nextera Energy Inc. - Overview
  - Table Nextera Energy Inc. - Business segments
  - Table Nextera Energy Inc. - Key offerings
  - Table Nextera Energy Inc. - Segment focus
- Powell Industries Inc.
  - Table Powell Industries Inc. - Overview
  - Table Powell Industries Inc. - Product / Service
  - Table Powell Industries Inc. - Key offerings
- Prysmian Spa
  - Table Prysmian Spa - Overview
  - Table Prysmian Spa - Business segments
  - Table Prysmian Spa - Key offerings
  - Table Prysmian Spa - Segment focus
- Schneider Electric SE
  - Table Schneider Electric SE - Overview
  - Table Schneider Electric SE - Business segments
  - Table Schneider Electric SE - Key news
  - Table Schneider Electric SE - Key offerings
  - Table Schneider Electric SE - Segment focus
- Siemens Energy AG
  - Table Siemens Energy AG - Overview
  - Table Siemens Energy AG - Business segments
  - Table Siemens Energy AG - Key news
  - Table Siemens Energy AG - Key offerings
  - Table Siemens Energy AG - Segment focus
- Toshiba Corp.
  - Table Toshiba Corp. - Overview
  - Table Toshiba Corp. - Business segments
  - Table Toshiba Corp. - Key news
  - Table Toshiba Corp. - Key offerings
  - Table Toshiba Corp. - Segment focus
- VIKRAM SOLAR LTD.
  - Table VIKRAM SOLAR LTD. - Overview
  - Table VIKRAM SOLAR LTD. - Product / Service
  - Table VIKRAM SOLAR LTD. - Key offerings
Appendix
- Scope of the report
  - Market definition
  - Objectives
  - Notes and caveats
- Inclusions and exclusions checklist
  - Table Inclusions checklist
  - Table Exclusions checklist
- Currency conversion rates for US$
  - Table Currency conversion rates for US$
- Research methodology
  - Table Research methodology
  - Table Validation techniques employed for market sizing
  - Table Information sources
- List of abbreviations
  - Table List of abbreviations