Power Grid System Market: Global Market Size, Forecast, Insights, Segmentation, and Competitive Landscape with Impact of COVID-19 & Russia-Ukraine
The global power grid system market is expected to grow at a CAGR of around 9.3% during 2025-2034. This report on global power grid system market report provides holistic understanding of the market along with market sizing, forecast, drivers, challenges, and competitive landscape. The report presents a clear picture of the global power grid system market by segmenting the market based on component, power supply and region. Also, detailed profiles of companies operating in the power grid system market are provided in this report. We believe that this report will aid the professionals and industry stakeholders in making informed decision.
Market Drivers
• Growing Deepwater Gas and Oil Development
• Growing Government Initiatives
Market Challenges
• Low-cost Onshore Power Production
Historical & Forecast Period
Base Year: 2024
Historical Period: 2020-2024
Forecast Period: 2025-2034
Market by Components
• Cables
• Variable Speed Drivers
• Transformers
• Switchgears
• Other Components
Market by Power Supply
• Captive Generation
• Wind Power
• Tidal Power
• Solar Power
• Other Power Supplies
Market by Region
• Europe
Germany
United Kingdom
France
Italy
Spain
Russia
Netherlands
Rest of Europe
• North America
United States
Canada
• Asia Pacific
China
Japan
India
South Korea
Australia
Indonesia
Rest of Asia Pacific
• Latin America
Mexico
Brazil
Argentina
Rest of Latin America
• Middle East & Africa
Saudi Arabia
Turkey
Iran
United Arab Emirates
Rest of Middle East & Africa
- 1. Preface
- 1.1 Objective
- 1.2 Target Audience & Key Offerings
- 1.3 Report’s Scope
- 1.4 Research Methodology
- 1.4.1 Phase I
- 1.4.2 Phase II
- 1.4.3 Phase III
- 1.5 Assumptions
- 2. Key Insights
- 3. Global Power Grid System Market
- 3.1. Introduction
- 3.2. Market Drivers
- 3.3. Market Challenges
- 4. Global Power Grid System Market Analysis
- 4.1. Market Portraiture
- 4.2. Market Product
- 4.3. Market Forecast
- 4.4. Impact of COVID-19
- 4.5. Impact of Russia-Ukraine War
- 5. Global Power Grid System Market by Components
- 5.1. Introduction
- 5.2. Cables
- 5.3. Variable Speed Drivers
- 5.4. Transformers
- 5.5. Switchgears
- 5.6. Other Components
- 6. Global Power Grid System Market by Power Supply
- 6.1. Introduction
- 6.2. Captive Generation
- 6.3. Wind Power
- 6.4. Tidal Power
- 6.5. Solar Power
- 6.6. Other Power Supplies
- 7. Global Power Grid System Market by Region
- 7.1. Introduction
- 7.2. Europe
- 7.2.1. Germany
- 7.2.2. United Kingdom
- 7.2.3. France
- 7.2.4. Italy
- 7.2.5. Spain
- 7.2.6. Russia
- 7.2.7. Netherlands
- 7.2.8. Rest of the Europe
- 7.3. North America
- 7.3.1. United States
- 7.3.2. Canada
- 7.4. Asia Pacific
- 7.4.1. China
- 7.4.2. Japan
- 7.4.3. India
- 7.4.4. South Korea
- 7.4.5. Australia
- 7.4.6. Indonesia
- 7.4.7. Rest of the Asia Pacific
- 7.5. Latin America
- 7.5.1. Mexico
- 7.5.2. Brazil
- 7.5.3. Argentina
- 7.5.4. Rest of Latin America
- 7.6. Middle East & Africa
- 7.6.1. Saudi Arabia
- 7.6.2. Turkey
- 7.6.3. Iran
- 7.6.4. United Arab Emirates
- 7.6.5. Rest of Middle East & Africa
- 8. SWOT Analysis
- 9. Porter’s Five Forces
- 10. Market Value Chain Analysis
- 11. Competitive Landscape
- 11.1. Competitive Scenario
- 11.2. Company Profiles
- 11.2.1. ABB Ltd
- 11.2.2. Aker Solutions ASA
- 11.2.3. Apar Industries
- 11.2.4. Baker Hughes
- 11.2.5. Belden Inc.
- 11.2.6. Furukawa Electric Co.
- 11.2.7. General Electric Company
- 11.2.8. Honeywell International Inc.
- 11.2.9. ltron, Inc.
- 11.2.10. NKT A/S
- 11.2.11. Schneider Electric SE
- 11.2.12. Siemens AG.
- 11.2.13. Sumitomo Electric Industries
- 11.2.14. TE Connectivity
- 11.2.15. Wipro Limited
- List of Figures
- Figure 1: Global Power Grid System Market (in US$ Million), 2020-2024
- Figure 2: Global Power Grid System Market by Components, 2024
- Figure 3: Global Power Grid System Market by Power Supply, 2024
- Figure 4: Global Power Grid System Market by Region, 2024
- Figure 5: Global Power Grid System Market (in US$ Million), 2025-2034
- Figure 6: Global Power Grid System Market by Components (in %), 2024 & 2034
- Figure 7: Global Cables Power Grid System Market (in US$ Million), 2020-2024
- Figure 8: Global Cables Power Grid System Market (in US$ Million), 2025-2034
- Figure 9: Global Variable Speed Drivers Power Grid System Market (in US$ Million), 2020-2024
- Figure 10: Global Variable Speed Drivers Power Grid System Market (in US$ Million), 2025-2034
- Figure 11: Global Transformers Power Grid System Market (in US$ Million), 2020-2024
- Figure 12: Global Transformers Power Grid System Market (in US$ Million), 2025-2034
- Figure 13: Global Switchgears Power Grid System Market (in US$ Million), 2020-2024
- Figure 14: Global Switchgears Power Grid System Market (in US$ Million), 2025-2034
- Figure 15: Global Other Components Power Grid System Market (in US$ Million), 2020-2024
- Figure 16: Global Other Components Power Grid System Market (in US$ Million), 2025-2034
- Figure 17: Global Power Grid System Market by Power Supply (in %), 2024 & 2034
- Figure 18: Global Captive Generation Power Grid System Market (in US$ Million), 2020-2024
- Figure 19: Global Captive Generation Power Grid System Market (in US$ Million), 2025-2034
- Figure 20: Global Wind Power Grid System Market (in US$ Million), 2020-2024
- Figure 21: Global Wind Power Grid System Market (in US$ Million), 2025-2034
- Figure 22: Global Tidal Power Grid System Market (in US$ Million), 2020-2024
- Figure 23: Global Tidal Power Grid System Market (in US$ Million), 2025-2034
- Figure 24: Global Solar Power Grid System Market (in US$ Million), 2020-2024
- Figure 25: Global Solar Power Grid System Market (in US$ Million), 2025-2034
- Figure 26: Global Other Power Supplies Power Grid System Market (in US$ Million), 2020-2024
- Figure 27: Global Other Power Supplies Power Grid System Market (in US$ Million), 2025-2034
- Figure 28: Global Power Grid System Market by Region (in %), 2024 & 2034
- Figure 29: Europe Power Grid System Market (in US$ Million), 2020-2024
- Figure 30: Europe Power Grid System Market (in US$ Million), 2025-2034
- Figure 31: Europe Power Grid System Market by Country (in %), 2024 & 2034
- Figure 32: Germany Power Grid System Market (in US$ Million), 2020-2034
- Figure 33: United Kingdom Power Grid System Market (in US$ Million), 2020-2034
- Figure 34: France Power Grid System Market (in US$ Million), 2020-2034
- Figure 35: Italy Power Grid System Market (in US$ Million), 2020-2034
- Figure 36: Spain Power Grid System Market (in US$ Million), 2020-2034
- Figure 37: Russia Power Grid System Market (in US$ Million), 2020-2034
- Figure 38: Netherlands Power Grid System Market (in US$ Million), 2020-2034
- Figure 39: North America Power Grid System Market (in US$ Million), 2020-2024
- Figure 40: North America Power Grid System Market (in US$ Million), 2025-2034
- Figure 41: North America Power Grid System Market by Country (in %), 2024 & 2034
- Figure 42: United States Power Grid System Market (in US$ Million), 2020-2034
- Figure 43: Canada Power Grid System Market (in US$ Million), 2020-2034
- Figure 44: Asia Pacific Power Grid System Market (in US$ Million), 2020-2024
- Figure 45: Asia Pacific Power Grid System Market (in US$ Million), 2025-2034
- Figure 46: Asia Pacific Power Grid System Market by Country (in %), 2024 & 2034
- Figure 47: China Power Grid System Market (in US$ Million), 2020-2034
- Figure 48: Japan Power Grid System Market (in US$ Million), 2020-2034
- Figure 49: India Power Grid System Market (in US$ Million), 2020-2034
- Figure 50: South Korea Power Grid System Market (in US$ Million), 2020-2034
- Figure 51: Australia Power Grid System Market (in US$ Million), 2020-2034
- Figure 52: Indonesia Power Grid System Market (in US$ Million), 2020-2034
- Figure 53: Latin America Power Grid System Market (in US$ Million), 2020-2024
- Figure 54: Latin America Power Grid System Market (in US$ Million), 2025-2034
- Figure 55: Latin America Power Grid System Market by Country (in %), 2024 & 2034
- Figure 56: Mexico Power Grid System Market (in US$ Million), 2020-2034
- Figure 57: Brazil Power Grid System Market (in US$ Million), 2020-2034
- Figure 58: Argentina Power Grid System Market (in US$ Million), 2020-2034
- Figure 59: Middle East & Africa Power Grid System Market (in US$ Million), 2020-2024
- Figure 60: Middle East & Africa Power Grid System Market (in US$ Million), 2025-2034
- Figure 61: Middle East & Africa Power Grid System Market by Country (in %), 2024 & 2034
- Figure 62: Saudi Arabia Power Grid System Market (in US$ Million), 2020-2034
- Figure 63: Turkey Power Grid System Market (in US$ Million), 2020-2034
- Figure 64: Iran Power Grid System Market (in US$ Million), 2020-2034
- Figure 65: UAE Power Grid System Market (in US$ Million), 2020-2034
- Figure 66: Market Value Chain
- List of Tables
- Table 1: Global Power Grid System Market Portraiture
- Table 2: Global Power Grid System Market by Components (in US$ Million), 2024 & 2034
- Table 3: Global Power Grid System Market by Power Supply (in US$ Million), 2024 & 2034
- Table 4: Global Power Grid System Market by Region (in US$ Million), 2024 & 2034
- Table 5: Europe Power Grid System Market by Country (in US$ Million), 2024 & 2034
- Table 6: North America Power Grid System Market by Country (in US$ Million), 2024 & 2034
- Table 7: Asia Pacific Power Grid System Market by Country (in US$ Million), 2024 & 2034
- Table 8: Latin America Power Grid System Market by Country (in US$ Million), 2024 & 2034
- Table 9: Middle East & Africa Power Grid System Market by Country (in US$ Million),
- 2024 & 2034
- Table 10: List of Key Players
Research Assistance
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