Smart Energy Market Size, Share, By Product (Smart Meters, PV Monitoring System, Smart Grid, Digital Oilfield, Smart Solar, Home Energy Management System, and Others), End-User (Industrial, Commercial, Residential, and Utilities), and Region - Trends, Ana

Smart Energy Market Size, Share, By Product (Smart Meters, PV Monitoring System, Smart Grid, Digital Oilfield, Smart Solar, Home Energy Management System, and Others), End-User (Industrial, Commercial, Residential, and Utilities), and Region - Trends, Analysis, and Forecast till 2035

Smart energy is the process of using devices for energy-efficiency. It focuses on powerful, sustainable renewable energy sources that promote greater eco-friendliness while driving down costs. The market is flourishing attributable to the factors including rising demand for dependable power solutions, expanding commercial and industrial sectors, rising adoption of new and effective power solutions, incentive programs by government, increasing rate of energy consumption, and others.

Key Benefits of Purchasing This Report

Gain valuable insights into revenue projections for the overall market and its sub-segments, benefiting industry leaders and new entrants.

Enhance your understanding of the competitive landscape to refine business positioning and optimize go-to-market strategies.

Stay informed on the latest trends in the Smart Energy Market, including key drivers, challenges, opportunities, and barriers.

Smart Energy Market Report Highlights:

Ahead of 2035, the market is predicted to extend at USD 484.7 Billion.

In 2024, the smart energy market size was valued at USD 178 Billion

Target market is developing at a CAGR of 10.6%.

By product, the smart grid segment is expected to hold the dominant smart energy market share during the forecast period.

Based on end-user, the residential segment is major contributor in the market expansion.

The North American region is expected to dominate the market during the projected period.

Asia Pacific is projected to witness fastest growth in the market during the forecast period.

Smart Energy Market Key Highlights:

• In November 2024, Tata Power signed a Memorandum of Understanding (MoU) with Noida International Airport (NIA) to develop a smart energy infrastructure. This partnership aims to make NIA one of India's most eco-friendly airports by integrating renewable energy into its operations.
• In February 2024, ST Engineering announced that its Urban Solutions business has launched AGIL Smart Energy Building, a next-generation suite of smart energy solutions that enable building owners to take a whole-of-building approach in energy optimization to achieve total energy savings of up to 25%, accelerating building decarbonization.

Segmentation:

By Product:

• Smart Meters
• PV Monitoring System
• Smart Grid
• Digital Oilfield
• Smart Solar
• Home Energy Management System
• Others

By End User:

• Industrial
• Commercial
• Residential
• Utilities

By Region:

• North America
• U.S.
• Canada
• Europe
• Germany
• U.K.
• France
• Russia
• Italy
• Spain
• Netherlands
• Rest of Europe
• Asia Pacific
• China
• India
• Japan
• Australia
• Indonesia
• Malaysia
• South Korea
• Rest of Asia Pacific
• Latin America
• Brazil
• Mexico
• Argentina
• Rest of Latin America
• Middle East & Africa
• GCC
• Israel
• South Africa
• Rest of Middle East & Africa

Smart Energy Market Competitive Landscape

• Siemens
• CISCO SYSTEMS, INC.
• HONEYWELL INTERNATIONAL INC
• Oracle
• ABB
• General Electric Company
• Schneider Electric
• ITRON INC.
• IBM
• Hitachi Energy Ltd.
• Delta Electronics, Inc.
• AmpereHour Energy
• SPARKMETER
• SYNDEM LLC

Key Questions Answered in This Report

1. What was the size of the Smart Energy Market in 2024?

2. What is the expected growth rate of the Smart Energy Market during 2025-2035?

3. What are the key factors driving the Smart Energy Market?

4. What is the breakup of the Smart Energy Market based on the distribution channel?

5. What are the key regions in the Smart Energy Market?

6. Who are the key players/companies in the Smart Energy Market?

7. What are the drivers, restraints, and opportunities in the Smart Energy Market?