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Global Power Grid Market 2024-2028

Publisher TechNavio
Published Mar 08, 2024
Length 173 Pages
SKU # INF18641353

Description

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.

Table of Contents

173 Pages
    • Market overview
    • Market ecosystem
    • Market definition
    • Market segment analysis
    • Market size 2023
    • Market outlook: Forecast for 2023-2028
    • Global power grid market 2018 - 2022
    • Component Segment Analysis 2018 - 2022
    • Application Segment Analysis 2018 - 2022
    • Geography Segment Analysis 2018 - 2022
    • Country Segment Analysis 2018 - 2022
    • Five forces summary
    • Bargaining power of buyers
    • Bargaining power of suppliers
    • Threat of new entrants
    • Threat of substitutes
    • Threat of rivalry
    • Market condition
    • Market segments
    • Comparison by Component
    • Cables - Market size and forecast 2023-2028
    • Switchgear - Market size and forecast 2023-2028
    • Transformers - Market size and forecast 2023-2028
    • Variable speed drives - Market size and forecast 2023- 2028
    • Others - Market size and forecast 2023-2028
    • Market opportunity by Component
    • Market segments
    • Comparison by Application
    • Distribution - Market size and forecast 2023-2028
    • Generation - Market size and forecast 2023-2028
    • Transmission - Market size and forecast 2023-2028
    • Market opportunity by Application
    • Customer landscape overview
    • Geographic segmentation
    • Geographic comparison
    • APAC - Market size and forecast 2023-2028
    • North America - Market size and forecast 2023-2028
    • Europe - Market size and forecast 2023-2028
    • Middle East and Africa - Market size and forecast 2023- 2028
    • South America - Market size and forecast 2023-2028
    • China - Market size and forecast 2023-2028
    • US - Market size and forecast 2023-2028
    • Japan - Market size and forecast 2023-2028
    • Germany - Market size and forecast 2023-2028
    • India - Market size and forecast 2023-2028
    • Market opportunity by geography
    • Market drivers
    • Market challenges
    • Impact of drivers and challenges
    • Market trends
    • Overview
    • Vendor landscape
    • Landscape disruption
    • Industry risks
    • Vendors covered
    • Market positioning of vendors
    • ABB Ltd.
    • Eaton Corp. Plc
    • Fuji Electric Co. Ltd.
    • General Electric Co.
    • LS ELECTRIC Co. Ltd.
    • Mitsubishi Electric Corp.
    • National Grid plc
    • Nexans SA
    • Nextera Energy Inc.
    • Powell Industries Inc.
    • Prysmian Spa
    • Schneider Electric SE
    • Siemens Energy AG
    • Toshiba Corp.
    • VIKRAM SOLAR LTD.
    • Scope of the report
    • Inclusions and exclusions checklist
    • Currency conversion rates for US$
    • Research methodology
    • List of abbreviations

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