Global Smart Energy Market 2024-2028

Global Smart Energy Market 2024-2028


The smart energy market is forecasted to grow by USD 7.26 bn during 2023-2028, accelerating at a CAGR of 19.1% during the forecast period. The report on the smart energy 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 smart grid technologies, increasing inclination regulations on using energy-efficient equipment, and availability of a wide range of smart home products.

Technavio's smart energy market is segmented as below:

By Application
  • Smart grid
  • Digital oilfield
  • Smart solar systems
  • HEMS
By End-user
  • Industrial
  • Commercial
  • Residential
By Geographical Landscape
  • North America
  • Europe
  • APAC
  • South America
  • Middle East and Africa
This study identifies the growing investment in smart cities and smart homes as one of the prime reasons driving the smart energy market growth during the next few years. Also, growing demand for wireless smart meters and increasing role of utility service providers in energy management will lead to sizable demand in the market.

The report on the smart energy market covers the following areas:
  • Smart energy market sizing
  • Smart energy market forecast
  • Smart energy 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 smart energy market vendors that include ABB Ltd., Cisco Systems Inc., Delta Electronics Inc., Enphase Energy Inc., General Electric Co., Honeywell International Inc., International Business Machines Corp., Itron Inc., Kontron AG, Larsen and Toubro Ltd., Mitsubishi Electric Corp., Nextera Energy Inc., Robert Bosch GmbH, Rockwell Automation Inc., SAP SE, Schneider Electric SE, Siemens AG, SMART Energy Solutions, Toshiba Corp., and Xylem Inc.. Also, the smart energy 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 Application
      • Table Executive Summary – Chart on Market Segmentation by End-user
      • 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 ($ million)
      • Table Data Table on Global - Market size and forecast 2023-2028 ($ million)
      • 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 smart energy market 2018 - 2022
      • Table Historic Market Size – Data table on global smart energy market 2018 - 2022 ($ million)
    • Application Segment Analysis 2018 - 2022
      • Table Historic Market Size – Application Segment 2018 - 2022 ($ million)
    • End-user Segment Analysis 2018 - 2022
      • Table Historic Market Size – End-user Segment 2018 - 2022 ($ million)
    • Geography Segment Analysis 2018 - 2022
      • Table Historic Market Size – Geography Segment 2018 - 2022 ($ million)
    • Country Segment Analysis 2018 - 2022
      • Table Historic Market Size – Country Segment 2018 - 2022 ($ million)
  • 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 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
    • Smart grid - Market size and forecast 2023-2028
      • Table Chart on Smart grid - Market size and forecast 2023-2028 ($ million)
      • Table Data Table on Smart grid - Market size and forecast 2023-2028 ($ million)
      • Table Chart on Smart grid - Year-over-year growth 2023-2028 (%)
      • Table Data Table on Smart grid - Year-over-year growth 2023-2028 (%)
    • Digital oilfield - Market size and forecast 2023-2028
      • Table Chart on Digital oilfield - Market size and forecast 2023-2028 ($ million)
      • Table Data Table on Digital oilfield - Market size and forecast 2023-2028 ($ million)
      • Table Chart on Digital oilfield - Year-over-year growth 2023-2028 (%)
      • Table Data Table on Digital oilfield - Year-over-year growth 2023-2028 (%)
    • Smart solar systems - Market size and forecast 2023- 2028
      • Table Chart on Smart solar systems - Market size and forecast 2023-2028 ($ million)
      • Table Data Table on Smart solar systems - Market size and forecast 2023-2028 ($ million)
      • Table Chart on Smart solar systems - Year-over-year growth 2023-2028 (%)
      • Table Data Table on Smart solar systems - Year-over-year growth 2023-2028 (%)
    • HEMS - Market size and forecast 2023-2028
      • Table Chart on HEMS - Market size and forecast 2023-2028 ($ million)
      • Table Data Table on HEMS - Market size and forecast 2023-2028 ($ million)
      • Table Chart on HEMS - Year-over-year growth 2023-2028 (%)
      • Table Data Table on HEMS - Year-over-year growth 2023-2028 (%)
    • Market opportunity by Application
      • Table Market opportunity by Application ($ million)
      • Table Data Table on Market opportunity by Application ($ million)
  • Market Segmentation by End-user
    • Market segments
      • Table Chart on End-user - Market share 2023-2028 (%)
      • Table Data Table on End-user - Market share 2023-2028 (%)
    • Comparison by End-user
      • Table Chart on Comparison by End-user
      • Table Data Table on Comparison by End-user
    • Industrial - Market size and forecast 2023-2028
      • Table Chart on Industrial - Market size and forecast 2023-2028 ($ million)
      • Table Data Table on Industrial - Market size and forecast 2023-2028 ($ million)
      • Table Chart on Industrial - Year-over-year growth 2023-2028 (%)
      • Table Data Table on Industrial - Year-over-year growth 2023-2028 (%)
    • Commercial - Market size and forecast 2023-2028
      • Table Chart on Commercial - Market size and forecast 2023-2028 ($ million)
      • Table Data Table on Commercial - Market size and forecast 2023-2028 ($ million)
      • Table Chart on Commercial - Year-over-year growth 2023-2028 (%)
      • Table Data Table on Commercial - Year-over-year growth 2023-2028 (%)
    • Residential - Market size and forecast 2023-2028
      • Table Chart on Residential - Market size and forecast 2023-2028 ($ million)
      • Table Data Table on Residential - Market size and forecast 2023-2028 ($ million)
      • Table Chart on Residential - Year-over-year growth 2023-2028 (%)
      • Table Data Table on Residential - Year-over-year growth 2023-2028 (%)
    • Market opportunity by End-user
      • Table Market opportunity by End-user ($ million)
      • Table Data Table on Market opportunity by End-user ($ million)
  • 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
    • North America - Market size and forecast 2023-2028
      • Table Chart on North America - Market size and forecast 2023-2028 ($ million)
      • Table Data Table on North America - Market size and forecast 2023-2028 ($ million)
      • 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 ($ million)
      • Table Data Table on Europe - Market size and forecast 2023-2028 ($ million)
      • Table Chart on Europe - Year-over-year growth 2023-2028 (%)
      • Table Data Table on Europe - Year-over-year growth 2023-2028 (%)
    • APAC - Market size and forecast 2023-2028
      • Table Chart on APAC - Market size and forecast 2023-2028 ($ million)
      • Table Data Table on APAC - Market size and forecast 2023-2028 ($ million)
      • Table Chart on APAC - Year-over-year growth 2023-2028 (%)
      • Table Data Table on APAC - 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 ($ million)
      • Table Data Table on South America - Market size and forecast 2023-2028 ($ million)
      • Table Chart on South America - Year-over-year growth 2023-2028 (%)
      • Table Data Table on South America - 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 ($ million)
      • Table Data Table on Middle East and Africa - Market size and forecast 2023-2028 ($ million)
      • 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 (%)
    • US - Market size and forecast 2023-2028
      • Table Chart on US - Market size and forecast 2023-2028 ($ million)
      • Table Data Table on US - Market size and forecast 2023-2028 ($ million)
      • Table Chart on US - Year-over-year growth 2023-2028 (%)
      • Table Data Table on US - Year-over-year growth 2023-2028 (%)
    • China - Market size and forecast 2023-2028
      • Table Chart on China - Market size and forecast 2023-2028 ($ million)
      • Table Data Table on China - Market size and forecast 2023-2028 ($ million)
      • Table Chart on China - Year-over-year growth 2023-2028 (%)
      • Table Data Table on China - Year-over-year growth 2023-2028 (%)
    • Germany - Market size and forecast 2023-2028
      • Table Chart on Germany - Market size and forecast 2023-2028 ($ million)
      • Table Data Table on Germany - Market size and forecast 2023-2028 ($ million)
      • Table Chart on Germany - Year-over-year growth 2023-2028 (%)
      • Table Data Table on Germany - Year-over-year growth 2023-2028 (%)
    • France - Market size and forecast 2023-2028
      • Table Chart on France - Market size and forecast 2023-2028 ($ million)
      • Table Data Table on France - Market size and forecast 2023-2028 ($ million)
      • Table Chart on France - Year-over-year growth 2023-2028 (%)
      • Table Data Table on France - Year-over-year growth 2023-2028 (%)
    • UK - Market size and forecast 2023-2028
      • Table Chart on UK - Market size and forecast 2023-2028 ($ million)
      • Table Data Table on UK - Market size and forecast 2023-2028 ($ million)
      • Table Chart on UK - Year-over-year growth 2023-2028 (%)
      • Table Data Table on UK - Year-over-year growth 2023-2028 (%)
    • Market opportunity by geography
      • Table Market opportunity by geography ($ million)
      • Table Data Tables on Market opportunity by geography ($ million)
  • Drivers, Challenges, and Trends
    • Market drivers
      • Rising adoption of smart grid technologies
      • Increasing inclination regulations on using energy-efficient equipment
      • Availability of a wide range of smart home products
    • Market challenges
      • Intermittency in solar energy
      • Rise in concerns about cybersecurity
      • Shortage of skilled labor
    • Impact of drivers and challenges
      • Table Impact of drivers and challenges in 2023 and 2028
    • Market trends
      • Growing investment in smart cities and smart homes
      • Growing demand for wireless smart meters
      • Increasing role of utility service providers in energy management
  • 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 offerings
      • Table ABB 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
    • Honeywell International Inc.
      • Table Honeywell International Inc. - Overview
      • Table Honeywell International Inc. - Business segments
      • Table Honeywell International Inc. - Key news
      • Table Honeywell International Inc. - Key offerings
      • Table Honeywell International Inc. - Segment focus
    • International Business Machines Corp.
      • Table International Business Machines Corp. - Overview
      • Table International Business Machines Corp. - Business segments
      • Table International Business Machines Corp. - Key news
      • Table International Business Machines Corp. - Key offerings
      • Table International Business Machines Corp. - Segment focus
    • Itron Inc.
      • Table Itron Inc. - Overview
      • Table Itron Inc. - Business segments
      • Table Itron Inc. - Key offerings
      • Table Itron Inc. - Segment focus
    • Kontron AG
      • Table Kontron AG - Overview
      • Table Kontron AG - Business segments
      • Table Kontron AG - Key offerings
      • Table Kontron AG - Segment focus
    • Larsen and Toubro Ltd.
      • Table Larsen and Toubro Ltd. - Overview
      • Table Larsen and Toubro Ltd. - Business segments
      • Table Larsen and Toubro Ltd. - Key news
      • Table Larsen and Toubro Ltd. - Key offerings
      • Table Larsen and Toubro Ltd. - Segment focus
    • 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
    • Robert Bosch GmbH
      • Table Robert Bosch GmbH - Overview
      • Table Robert Bosch GmbH - Business segments
      • Table Robert Bosch GmbH - Key news
      • Table Robert Bosch GmbH - Key offerings
      • Table Robert Bosch GmbH - Segment focus
    • Rockwell Automation Inc.
      • Table Rockwell Automation Inc. - Overview
      • Table Rockwell Automation Inc. - Business segments
      • Table Rockwell Automation Inc. - Key news
      • Table Rockwell Automation Inc. - Key offerings
      • Table Rockwell Automation Inc. - Segment focus
    • SAP SE
      • Table SAP SE - Overview
      • Table SAP SE - Business segments
      • Table SAP SE - Key news
      • Table SAP SE - Key offerings
      • Table SAP SE - 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 AG
      • Table Siemens AG - Overview
      • Table Siemens AG - Business segments
      • Table Siemens AG - Key news
      • Table Siemens AG - Key offerings
      • Table Siemens 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
    • Xylem Inc.
      • Table Xylem Inc. - Overview
      • Table Xylem Inc. - Business segments
      • Table Xylem Inc. - Key offerings
      • Table Xylem Inc. - Segment focus
  • 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

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