The Europe Smart Grid Market would witness market growth of 17.2% CAGR during the forecast period (2022-2028).
Depending on the choices of the user, intelligent appliances may choose when to use energy. This may lead to moving away along towards decreasing peak demands which have an influence on power producing prices. Smart sensors, for instance, may be employed in thermal stations to manage the temperature of the boiler depending on preset temperature thresholds.
Also, the smart metres enable two-way communication between power companies and end users, which helps to speed up the deployment of repair teams, automate billing data gathering, and identify equipment faults. Integrated communications are essential to smart grid technologies. It must respond as quickly as necessary to the system's real-time demands. Numerous various technologies, including Programmable Logic Controllers (PLC), wireless, SCADA (Supervisory Control and Data Acquisition), cellular, and BPL, are utilised in smart grid communication, depending on the situation.
IoT solutions are also likely to boost growth. Itron introduced a German household smart power metre in April 2021. To aid German towns and utilities in the energy transition, the business developed the eHZ-B smart metre. The smart metre meets Itron's 3. HZ FNN standard. Hence, the model is multi-vendor compatible. European governments are investing in smart metering infrastructure to update the grid and decrease T&D losses. By 2024, the EU will install 225 million electricity and 51 million gas smart metres. €47 billion might be invested. 77% of European power users will have smart metres by 2024. 44% will have gas. These reasons are boosting European Smart Grid Sensors Market demand.
The Germany market dominated the Europe Smart Grid Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $9,028.1 million by 2028. The UK market is registering a CAGR of 16.2% during (2022 - 2028). Additionally, The France market would showcase a CAGR of 18.1% during (2022 - 2028).
Based on Component, the market is segmented into Solution (Smart Grid Distribution Management, Substation Automation, Smart Grid Network Management, Smart Grid Metering Infrastructure, Smart Grid Security, Smart Grid Communications, and Others) and Services. Based on End User, the market is segmented into Commercial, Industrial, and Residential. Based on Application, the market is segmented into Distribution, Transmission, Consumption, and Generation. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
Free Valuable Insights: The Global Smart Grid Market will Hit $130.2 Billion by 2028, at a CAGR of 17.4%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include General Electric Company (GE Grid Solutions), Schneider Electric SE, Cisco Systems, Inc., IBM Corporation, Siemens AG, Wipro Limited, Honeywell International, Inc., Oracle Corporation, ABB Group, and Itron, Inc.
Scope of the Study
Market Segments Covered in the Report:
By Component
- Solution
- Smart Grid Distribution Management
- Substation Automation
- Smart Grid Network Management
- Smart Grid Metering Infrastructure
- Smart Grid Security
- Smart Grid Communications
- Others
- Services
By End User
- Commercial
- Industrial
- Residential
By Application
- Distribution
- Transmission
- Consumption
- Generation
By Country
- Germany
- UK
- France
- Russia
- Spain
- Italy
- Rest of Europe
Key Market Players
List of Companies Profiled in the Report:
- General Electric Company (GE Grid Solutions)
- Schneider Electric SE
- Cisco Systems, Inc.
- IBM Corporation
- Siemens AG
- Wipro Limited
- Honeywell International, Inc.
- Oracle Corporation
- ABB Group
- Itron, Inc.
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 Europe Smart Grid Market, by Component
1.4.2 Europe Smart Grid Market, by End User
1.4.3 Europe Smart Grid Market, by Application
1.4.4 Europe Smart Grid Market, by Country
1.5 Methodology for the research
Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.1.1 Market Composition and Scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints
Chapter 3. Competition Analysis - Global
3.1 KBV Cardinal Matrix
3.2 Recent Industry Wide Strategic Developments
3.2.1 Partnerships, Collaborations and Agreements
3.2.2 Product Launches and Product Expansions
3.3 Market Share Analysis, 2021
3.4 Top Winning Strategies
3.4.1 Key Leading Strategies: Percentage Distribution (2018-2022)
3.4.2 Key Strategic Move: (Partnerships, Collaborations & Agreements: 2018, Sep – 2023, Feb) Leading Players
Chapter 4. Europe Smart Grid Market by Component
4.1 Europe Solution Market by Country
4.2 Europe Smart Grid Market by Solution Type
4.2.1 Europe Smart Grid Distribution Management Market by Country
4.2.2 Europe Substation Automation Market by Country
4.2.3 Europe Smart Grid Network Management Market by Country
4.2.4 Europe Smart Grid Metering Infrastructure Market by Country
4.2.5 Europe Smart Grid Security Market by Country
4.2.6 Europe Smart Grid Communications Market by Country
4.2.7 Europe Others Market by Country
4.3 Europe Services Market by Country
Chapter 5. Europe Smart Grid Market by End User
5.1 Europe Commercial Market by Country
5.2 Europe Industrial Market by Country
5.3 Europe Residential Market by Country
Chapter 6. Europe Smart Grid Market by Application
6.1 Europe Distribution Market by Country
6.2 Europe Transmission Market by Country
6.3 Europe Consumption Market by Country
6.4 Europe Generation Market by Country
Chapter 7. Europe Smart Grid Market by Country
7.1 Germany Smart Grid Market
7.1.1 Germany Smart Grid Market by Component
7.1.1.1 Germany Smart Grid Market by Solution Type
7.1.2 Germany Smart Grid Market by End User
7.1.3 Germany Smart Grid Market by Application
7.2 UK Smart Grid Market
7.2.1 UK Smart Grid Market by Component
7.2.1.1 UK Smart Grid Market by Solution Type
7.2.2 UK Smart Grid Market by End User
7.2.3 UK Smart Grid Market by Application
7.3 France Smart Grid Market
7.3.1 France Smart Grid Market by Component
7.3.1.1 France Smart Grid Market by Solution Type
7.3.2 France Smart Grid Market by End User
7.3.3 France Smart Grid Market by Application
7.4 Russia Smart Grid Market
7.4.1 Russia Smart Grid Market by Component
7.4.1.1 Russia Smart Grid Market by Solution Type
7.4.2 Russia Smart Grid Market by End User
7.4.3 Russia Smart Grid Market by Application
7.5 Spain Smart Grid Market
7.5.1 Spain Smart Grid Market by Component
7.5.1.1 Spain Smart Grid Market by Solution Type
7.5.2 Spain Smart Grid Market by End User
7.5.3 Spain Smart Grid Market by Application
7.6 Italy Smart Grid Market
7.6.1 Italy Smart Grid Market by Component
7.6.1.1 Italy Smart Grid Market by Solution Type
7.6.2 Italy Smart Grid Market by End User
7.6.3 Italy Smart Grid Market by Application
7.7 Rest of Europe Smart Grid Market
7.7.1 Rest of Europe Smart Grid Market by Component
7.7.1.1 Rest of Europe Smart Grid Market by Solution Type
7.7.2 Rest of Europe Smart Grid Market by End User
7.7.3 Rest of Europe Smart Grid Market by Application
Chapter 8. Company Profiles
8.1 General Electric Company (GE Grid Solutions)
8.1.1 Company Overview
8.1.2 Financial Analysis
8.1.3 Segmental and Regional Analysis
8.1.4 Research & Development Expense
8.1.5 Recent strategies and developments:
8.1.5.1 Partnerships, Collaborations, and Agreements:
8.1.5.2 Product Launches and Product Expansions:
8.1.6 SWOT Analysis
8.2 Schneider Electric SE
8.2.1 Company Overview
8.2.2 Financial Analysis
8.2.3 Segmental and Regional Analysis
8.2.4 Research & Development Expense
8.2.5 Recent strategies and developments:
8.2.5.1 Partnerships, Collaborations, and Agreements:
8.2.5.2 Product Launches and Product Expansions:
8.2.6 SWOT Analysis
8.3 Cisco Systems, Inc.
8.3.1 Company Overview
8.3.2 Financial Analysis
8.3.3 Regional Analysis
8.3.4 Research & Development Expense
8.3.5 Recent strategies and developments:
8.3.5.1 Partnerships, Collaborations, and Agreements:
8.3.6 SWOT Analysis
8.4 IBM Corporation
8.4.1 Company Overview
8.4.2 Financial Analysis
8.4.3 Regional & Segmental Analysis
8.4.4 Research & Development Expenses
8.4.5 SWOT Analysis
8.5 Siemens AG
8.5.1 Company Overview
8.5.2 Financial Analysis
8.5.3 Segmental and Regional Analysis
8.5.4 Research & Development Expense
8.5.5 Recent strategies and developments:
8.5.5.1 Partnerships, Collaborations, and Agreements:
8.5.6 SWOT Analysis
8.6 Wipro Limited
8.6.1 Company Overview
8.6.2 Financial Analysis
8.6.3 Segmental and Regional Analysis
8.6.4 Research & Development Expenses
8.6.5 SWOT Analysis
8.7 Honeywell International, Inc.
8.7.1 Company Overview
8.7.2 Financial Analysis
8.7.3 Segmental and Regional Analysis
8.7.4 Research & Development Expenses
8.7.5 SWOT Analysis
8.8 Oracle Corporation
8.8.1 Company Overview
8.8.2 Financial Analysis
8.8.3 Segmental and Regional Analysis
8.8.4 Research & Development Expense
8.8.5 SWOT Analysis
8.9 ABB Group
8.9.1 Company Overview
8.9.2 Financial Analysis
8.9.3 Segmental and Regional Analysis
8.9.4 Research & Development Expense
8.9.5 SWOT Analysis
8.10. Itron, Inc.
8.10.1 Company Overview
8.10.2 Financial Analysis
8.10.3 Segmental and Regional Analysis
8.10.4 Research & Development Expense
8.10.5 Recent strategies and developments:
8.10.5.1 Partnerships, Collaborations, and Agreements:
TABLE 1 Europe Smart Grid Market, 2018 - 2021, USD Million
TABLE 2 Europe Smart Grid Market, 2022 - 2028, USD Million
TABLE 3 Partnerships, Collaborations and Agreements– Smart Grid Market
TABLE 4 Product Launches And Product Expansions– Smart Grid Market
TABLE 5 Europe Smart Grid Market by Component, 2018 - 2021, USD Million
TABLE 6 Europe Smart Grid Market by Component, 2022 - 2028, USD Million
TABLE 7 Europe Solution Market by Country, 2018 - 2021, USD Million
TABLE 8 Europe Solution Market by Country, 2022 - 2028, USD Million
TABLE 9 Europe Smart Grid Market by Solution Type, 2018 - 2021, USD Million
TABLE 10 Europe Smart Grid Market by Solution Type, 2022 - 2028, USD Million
TABLE 11 Europe Smart Grid Distribution Management Market by Country, 2018 - 2021, USD Million
TABLE 12 Europe Smart Grid Distribution Management Market by Country, 2022 - 2028, USD Million
TABLE 13 Europe Substation AutomationMarket by Country, 2018 - 2021, USD Million
TABLE 14 Europe Substation AutomationMarket by Country, 2022 - 2028, USD Million
TABLE 15 Europe Smart Grid Network Management Market by Country, 2018 - 2021, USD Million
TABLE 16 Europe Smart Grid Network Management Market by Country, 2022 - 2028, USD Million
TABLE 17 Europe Smart Grid Metering Infrastructure Market by Country, 2018 - 2021, USD Million
TABLE 18 Europe Smart Grid Metering Infrastructure Market by Country, 2022 - 2028, USD Million
TABLE 19 Europe Smart Grid Security Market by Country, 2018 - 2021, USD Million
TABLE 20 Europe Smart Grid Security Market by Country, 2022 - 2028, USD Million
TABLE 21 Europe Smart Grid Communications Market by Country, 2018 - 2021, USD Million
TABLE 22 Europe Smart Grid Communications Market by Country, 2022 - 2028, USD Million
TABLE 23 Europe Others Market by Country, 2018 - 2021, USD Million
TABLE 24 Europe Others Market by Country, 2022 - 2028, USD Million
TABLE 25 Europe Services Market by Country, 2018 - 2021, USD Million
TABLE 26 Europe Services Market by Country, 2022 - 2028, USD Million
TABLE 27 Europe Smart Grid Market by End User, 2018 - 2021, USD Million
TABLE 28 Europe Smart Grid Market by End User, 2022 - 2028, USD Million
TABLE 29 Europe Commercial Market by Country, 2018 - 2021, USD Million
TABLE 30 Europe Commercial Market by Country, 2022 - 2028, USD Million
TABLE 31 Europe Industrial Market by Country, 2018 - 2021, USD Million
TABLE 32 Europe Industrial Market by Country, 2022 - 2028, USD Million
TABLE 33 Europe Residential Market by Country, 2018 - 2021, USD Million
TABLE 34 Europe Residential Market by Country, 2022 - 2028, USD Million
TABLE 35 Europe Smart Grid Market by Application, 2018 - 2021, USD Million
TABLE 36 Europe Smart Grid Market by Application, 2022 - 2028, USD Million
TABLE 37 Europe Distribution Market by Country, 2018 - 2021, USD Million
TABLE 38 Europe Distribution Market by Country, 2022 - 2028, USD Million
TABLE 39 Europe Transmission Market by Country, 2018 - 2021, USD Million
TABLE 40 Europe Transmission Market by Country, 2022 - 2028, USD Million
TABLE 41 Europe Consumption Market by Country, 2018 - 2021, USD Million
TABLE 42 Europe Consumption Market by Country, 2022 - 2028, USD Million
TABLE 43 Europe Generation Market by Country, 2018 - 2021, USD Million
TABLE 44 Europe Generation Market by Country, 2022 - 2028, USD Million
TABLE 45 Europe Smart Grid Market by Country, 2018 - 2021, USD Million
TABLE 46 Europe Smart Grid Market by Country, 2022 - 2028, USD Million
TABLE 47 Germany Smart Grid Market, 2018 - 2021, USD Million
TABLE 48 Germany Smart Grid Market, 2022 - 2028, USD Million
TABLE 49 Germany Smart Grid Market by Component, 2018 - 2021, USD Million
TABLE 50 Germany Smart Grid Market by Component, 2022 - 2028, USD Million
TABLE 51 Germany Smart Grid Market by Solution Type, 2018 - 2021, USD Million
TABLE 52 Germany Smart Grid Market by Solution Type, 2022 - 2028, USD Million
TABLE 53 Germany Smart Grid Market by End User, 2018 - 2021, USD Million
TABLE 54 Germany Smart Grid Market by End User, 2022 - 2028, USD Million
TABLE 55 Germany Smart Grid Market by Application, 2018 - 2021, USD Million
TABLE 56 Germany Smart Grid Market by Application, 2022 - 2028, USD Million
TABLE 57 UK Smart Grid Market, 2018 - 2021, USD Million
TABLE 58 UK Smart Grid Market, 2022 - 2028, USD Million
TABLE 59 UK Smart Grid Market by Component, 2018 - 2021, USD Million
TABLE 60 UK Smart Grid Market by Component, 2022 - 2028, USD Million
TABLE 61 UK Smart Grid Market by Solution Type, 2018 - 2021, USD Million
TABLE 62 UK Smart Grid Market by Solution Type, 2022 - 2028, USD Million
TABLE 63 UK Smart Grid Market by End User, 2018 - 2021, USD Million
TABLE 64 UK Smart Grid Market by End User, 2022 - 2028, USD Million
TABLE 65 UK Smart Grid Market by Application, 2018 - 2021, USD Million
TABLE 66 UK Smart Grid Market by Application, 2022 - 2028, USD Million
TABLE 67 France Smart Grid Market, 2018 - 2021, USD Million
TABLE 68 France Smart Grid Market, 2022 - 2028, USD Million
TABLE 69 France Smart Grid Market by Component, 2018 - 2021, USD Million
TABLE 70 France Smart Grid Market by Component, 2022 - 2028, USD Million
TABLE 71 France Smart Grid Market by Solution Type, 2018 - 2021, USD Million
TABLE 72 France Smart Grid Market by Solution Type, 2022 - 2028, USD Million
TABLE 73 France Smart Grid Market by End User, 2018 - 2021, USD Million
TABLE 74 France Smart Grid Market by End User, 2022 - 2028, USD Million
TABLE 75 France Smart Grid Market by Application, 2018 - 2021, USD Million
TABLE 76 France Smart Grid Market by Application, 2022 - 2028, USD Million
TABLE 77 Russia Smart Grid Market, 2018 - 2021, USD Million
TABLE 78 Russia Smart Grid Market, 2022 - 2028, USD Million
TABLE 79 Russia Smart Grid Market by Component, 2018 - 2021, USD Million
TABLE 80 Russia Smart Grid Market by Component, 2022 - 2028, USD Million
TABLE 81 Russia Smart Grid Market by Solution Type, 2018 - 2021, USD Million
TABLE 82 Russia Smart Grid Market by Solution Type, 2022 - 2028, USD Million
TABLE 83 Russia Smart Grid Market by End User, 2018 - 2021, USD Million
TABLE 84 Russia Smart Grid Market by End User, 2022 - 2028, USD Million
TABLE 85 Russia Smart Grid Market by Application, 2018 - 2021, USD Million
TABLE 86 Russia Smart Grid Market by Application, 2022 - 2028, USD Million
TABLE 87 Spain Smart Grid Market, 2018 - 2021, USD Million
TABLE 88 Spain Smart Grid Market, 2022 - 2028, USD Million
TABLE 89 Spain Smart Grid Market by Component, 2018 - 2021, USD Million
TABLE 90 Spain Smart Grid Market by Component, 2022 - 2028, USD Million
TABLE 91 Spain Smart Grid Market by Solution Type, 2018 - 2021, USD Million
TABLE 92 Spain Smart Grid Market by Solution Type, 2022 - 2028, USD Million
TABLE 93 Spain Smart Grid Market by End User, 2018 - 2021, USD Million
TABLE 94 Spain Smart Grid Market by End User, 2022 - 2028, USD Million
TABLE 95 Spain Smart Grid Market by Application, 2018 - 2021, USD Million
TABLE 96 Spain Smart Grid Market by Application, 2022 - 2028, USD Million
TABLE 97 Italy Smart Grid Market, 2018 - 2021, USD Million
TABLE 98 Italy Smart Grid Market, 2022 - 2028, USD Million
TABLE 99 Italy Smart Grid Market by Component, 2018 - 2021, USD Million
TABLE 100 Italy Smart Grid Market by Component, 2022 - 2028, USD Million
TABLE 101 Italy Smart Grid Market by Solution Type, 2018 - 2021, USD Million
TABLE 102 Italy Smart Grid Market by Solution Type, 2022 - 2028, USD Million
TABLE 103 Italy Smart Grid Market by End User, 2018 - 2021, USD Million
TABLE 104 Italy Smart Grid Market by End User, 2022 - 2028, USD Million
TABLE 105 Italy Smart Grid Market by Application, 2018 - 2021, USD Million
TABLE 106 Italy Smart Grid Market by Application, 2022 - 2028, USD Million
TABLE 107 Rest of Europe Smart Grid Market, 2018 - 2021, USD Million
TABLE 108 Rest of Europe Smart Grid Market, 2022 - 2028, USD Million
TABLE 109 Rest of Europe Smart Grid Market by Component, 2018 - 2021, USD Million
TABLE 110 Rest of Europe Smart Grid Market by Component, 2022 - 2028, USD Million
TABLE 111 Rest of Europe Smart Grid Market by Solution Type, 2018 - 2021, USD Million
TABLE 112 Rest of Europe Smart Grid Market by Solution Type, 2022 - 2028, USD Million
TABLE 113 Rest of Europe Smart Grid Market by End User, 2018 - 2021, USD Million
TABLE 114 Rest of Europe Smart Grid Market by End User, 2022 - 2028, USD Million
TABLE 115 Rest of Europe Smart Grid Market by Application, 2018 - 2021, USD Million
TABLE 116 Rest of Europe Smart Grid Market by Application, 2022 - 2028, USD Million
TABLE 117 KEY INFORMATION – GENERAL ELECTRIC Company
TABLE 118 Key information – Schneider Electric SE
TABLE 119 Key Information – Cisco Systems, Inc.
TABLE 120 Key information – IBM Corporation
TABLE 121 Key Information – Siemens AG
TABLE 122 Key Information – Wipro Limited
TABLE 123 Key Information – Honeywell International, Inc.
TABLE 124 Key Information – Oracle Corporation
TABLE 125 Key Information – ABB Group
TABLE 126 Key Information – Itron, Inc.
List of Figures
FIG 1 Methodology for the research
FIG 2 KBV Cardinal Matrix
FIG 3 Market Share Analysis, 2021
FIG 4 Key Leading Strategies: Percentage Distribution (2018-2022)
FIG 5 Key Strategic Move: (Partnerships, Collaborations & Agreements : 2018, Sep – 2023, Feb) Leading Players
FIG 6 Recent strategies and developments: General Electric Company
FIG 7 Swot analysis: General electric (GE) Co.
FIG 8 Recent strategies and developments: Schneider Electric SE
FIG 9 Swot analysis: Schneider Electric SE
FIG 10 SWOT Analysis: Cisco Systems, Inc.
FIG 11 Swot analysis: IBM Corporation
FIG 12 Swot analysis: Siemens AG
FIG 13 SWOT Analysis: Wipro Limited
FIG 14 Swot analysis: Honeywell international, inc.
FIG 15 SWOT analysis: Oracle Corporation
FIG 16 SWOT Analysis: ABB Group