Published on: March 22, 2021

Smart Grid Market by Component and Geography - Forecast and Analysis 2021-2025 Market Analysis

General Electric Co., ABB Ltd, Siemens AG, Schneider Electric SE, IBM Corp., and Cisco Systems Inc. are some of the major vendors in the smart grid market.

This report analyzes the market’s competitive landscape and provides information on the competencies and capacities of these companies. The report also analyzes the market by Component (Software, Hardware, and Services) and geography (North America, APAC, Europe, Latin America, and Middle East and Africa).

What will the Smart Grid Market Size be in 2021?

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Why Should you buy this Report?

With a comprehensive understanding of the smart grid industry and monitoring the latest industry trends, we have developed a detailed report on the smart grid market that covers:

Smart grid market size and growth opportunities

Smart grid market forecast

Upcoming smart grid market trends

Smart grid industry statistics including the market share of the sub-segments and key countries

Market risks and challenges

Smart grid market share of the vendors

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What are the Key Factors that will Influence Smart Grid Market Growth?

The upcoming smart cities projects in developing regions is one of the key smart grid market trends that will influence the growth of this market during the forecast period. The improved grid reliability and efficient outage response will also drive market growth. Smart grid cybersecurity and its vulnerabilities will challenge the growth of the companies.

The market is competitive and with favorable conditions for growth, the level of competition among companies will intensify further. To help companies make more effective decisions and make the most of the increasing market size, this report provides a detailed analysis of the factors that will accelerate and hinder market growth, threats from new entrants and substitutes, and the market positioning of vendors.

Some of the vendors covered in this smart grid market report include:

General Electric Co.

ABB Ltd

Siemens AG

Schneider Electric SE

IBM Corp.

Cisco Systems Inc.

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Key Questions Answered in this Smart Grid Market Analysis Report

CAGR of the market during the forecast period 2021-2025

Detailed information on factors that will drive smart grid market growth during the next five years

Precise estimation of the smart grid market size and its contribution to the parent market

Accurate predictions on upcoming trends and changes in consumer behavior

The growth of the smart grid industry across North America, APAC, Europe, Latin America, and Middle East and Africa

A thorough analysis of the market’s competitive landscape and detailed information on vendors

Comprehensive details of factors that will challenge the growth of smart grid market vendors

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