Smart Grid Networking

Global Smart Grid Networking Market to Reach US$44.9 Billion by 2030

The global market for Smart Grid Networking estimated at US$27.3 Billion in the year 2024, is expected to reach US$44.9 Billion by 2030, growing at a CAGR of 8.6% over the analysis period 2024-2030. Hardware, one of the segments analyzed in the report, is expected to record a 7.5% CAGR and reach US$19.5 Billion by the end of the analysis period. Growth in the Software segment is estimated at 8.9% CAGR over the analysis period.

The U.S. Market is Estimated at US$7.4 Billion While China is Forecast to Grow at 8.2% CAGR

The Smart Grid Networking market in the U.S. is estimated at US$7.4 Billion in the year 2024. China, the world`s second largest economy, is forecast to reach a projected market size of US$7.0 Billion by the year 2030 trailing a CAGR of 8.2% over the analysis period 2024-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 7.6% and 7.3% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 6.8% CAGR.

Global Smart Grid Networking Market - Key Trends and Drivers Summarized

Smart Grid Networking: Building the Backbone of the Future Energy Landscape

Smart grid networking is at the core of modern energy management, providing reliable, secure, and efficient communication channels between grid components, such as smart meters, substations, and control centers. By enabling real-time data exchange, smart grid networking facilitates advanced functionalities like load balancing, demand response, and outage management. Utilities rely on robust networking infrastructure to monitor grid performance, optimize energy distribution, and enhance grid resilience. The increasing deployment of smart meters, IoT devices, and advanced communication technologies is driving the adoption of smart grid networking solutions to meet the growing demand for efficient and reliable energy management.

What Are the Emerging Trends Shaping the Smart Grid Networking Market?
Emerging trends such as 5G connectivity, private LTE networks, and advanced mesh networking are transforming the smart grid networking landscape. The rollout of 5G technology is expected to provide ultra-low latency and high-speed data transmission, enabling real-time monitoring and control of grid operations. The adoption of private LTE networks offers utilities enhanced security, coverage, and control over their communication infrastructure. Additionally, advanced mesh networks are gaining traction due to their self-healing capabilities, ensuring continuous data flow even in the event of network failures. These trends are significantly improving the reliability, scalability, and flexibility of smart grid networks, paving the way for more connected and resilient energy systems.

Which Segments Are Driving the Smart Grid Networking Market?
Key components include routers, switches, gateways, and communication modules, with communication modules leading the market due to their critical role in enabling secure and reliable data transmission. Communication technologies range from RF mesh and PLC to cellular and fiber optics, with RF mesh dominating due to its suitability for dense urban environments. Applications cover power generation, transmission, and distribution, with distribution networks holding the largest share due to the increasing deployment of smart meters and advanced distribution management systems. North America and Europe are the largest markets, driven by grid modernization efforts and regulatory mandates, while Asia-Pacific is emerging rapidly due to smart city initiatives and investments in smart grid infrastructure.

What Factors Are Driving the Growth in the Smart Grid Networking Market?
The growth in the smart grid networking market is driven by several factors, including the rising demand for secure and reliable communication networks in smart grids, the increasing deployment of advanced metering infrastructure (AMI), and the growing need for grid resilience and reliability. The adoption of 5G technology, the integration of IoT and M2M communication, and the use of advanced mesh networks and private LTE networks are propelling market growth. Moreover, investments in grid modernization, the development of decentralized energy systems and microgrids, and the increasing collaboration between utilities and telecom providers are supporting market expansion. The need for network interoperability and integration with legacy systems is also driving innovation in smart grid networking solutions.

SCOPE OF STUDY:

The report analyzes the Smart Grid Networking market in terms of units by the following Segments, and Geographic Regions/Countries:

Segments:
Component (Hardware, Software, Services)

Geographic Regions/Countries:
World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; and Rest of Europe); Asia-Pacific; Rest of World.

Select Competitors (Total 12 Featured) -

• ABB Group
• Cisco Systems, Inc.
• Fujitsu Ltd.
• General Electric Company
• Huawei Technologies Co., Ltd.
• Itron, Inc.
• Mitsubishi Electric Corporation
• Schneider Electric SA
• Siemens AG
• Silver Spring Networks, Inc.

TARIFF IMPACT FACTOR

Our new release incorporates impact of tariffs on geographical markets as we predict a shift in competitiveness of companies based on HQ country, manufacturing base, exports and imports (finished goods and OEM). This intricate and multifaceted market reality will impact competitors by artificially increasing the COGS, reducing profitability, reconfiguring supply chains, amongst other micro and macro market dynamics.

We are diligently following expert opinions of leading Chief Economists (14,949), Think Tanks (62), Trade & Industry bodies (171) worldwide, as they assess impact and address new market realities for their ecosystems. Experts and economists from every major country are tracked for their opinions on tariffs and how they will impact their countries.

We expect this chaos to play out over the next 2-3 months and a new world order is established with more clarity. We are tracking these developments on a real time basis.

As we release this report, U.S. Trade Representatives are pushing their counterparts in 183 countries for an early closure to bilateral tariff negotiations. Most of the major trading partners also have initiated trade agreements with other key trading nations, outside of those in the works with the United States. We are tracking such secondary fallouts as supply chains shift.

To our valued clients, we say, we have your back. We will present a simplified market reassessment by incorporating these changes!

APRIL 2025: NEGOTIATION PHASE

Our April release addresses the impact of tariffs on the overall global market and presents market adjustments by geography. Our trajectories are based on historic data and evolving market impacting factors.

JULY 2025 FINAL TARIFF RESET

Complimentary Update: Our clients will also receive a complimentary update in July after a final reset is announced between nations. The final updated version incorporates clearly defined Tariff Impact Analyses.

Reciprocal and Bilateral Trade & Tariff Impact Analyses:

USA
CHINA
MEXICO
CANADA
EU
JAPAN
INDIA
176 OTHER COUNTRIES.

Leading Economists - Our knowledge base tracks 14,949 economists including a select group of most influential Chief Economists of nations, think tanks, trade and industry bodies, big enterprises, and domain experts who are sharing views on the fallout of this unprecedented paradigm shift in the global econometric landscape. Most of our 16,491+ reports have incorporated this two-stage release schedule based on milestones.

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