Smart Grid Managed Services Market: By Type, By Application, By End Use Industry, By Deployment, and Region Forecast 2019-2030
Smart Grid Managed Services Market: By Type, By Application, By End Use Industry, By Deployment, and Region Forecast 2019-2030
Smart Grid Managed Services Market size was valued at US$ 5,289.4 million in 2023 and is expected to grow at a CAGR of 13.6% from 2024-2030. A smart grid is an electric network that can integrate the behaviour and actions of all the users connected to it efficiently. A smart grid managed service acts as a decision support system. It helps in finding faults or error in the system and provide information to the user and take corrective actions efficiently, this is expected to fuel the growth of smart grid managed service market. In addition to that, the increased focus on renewable energy installations and demand response programs, the demand for distribution management system increases significantly. It helps the user to manage the power transmission both in peak and non-peak hours.
Smart grid also helps to improve operations more efficiently. It also helps in environmental monitoring aspect by reducing the carbon emission in to the environment. the increase in adoption of smart grids drives the global smart grid managed service market. The smart grid managed services help the user to offer a better operation and energy transmission. In addition to that the growing investments in this sector technologies and the increasing support from various country governments in order to deploy them across various industries will significantly boost the smart grid managed service market. In addition to that the increased energy consumption and development in technologies and advancements are some factors which are anticipated to propel the market growth in the forecasted years. The North America holds significant market value because of their easy adoption of smart meters and upgrading their older system to the newer ones and
Study Period
2025-2031Base Year
2024CAGR
13.6%Largest Market
Asia-PacificFastest Growing Market
North-America
The increasing focus on renewable energy installations and demand response programs, the demand for distribution management system increases significantly. It helps the user to manage the power transmission both in peak and non-peak hours. Smart grid also helps to improve operations more efficiently. It also helps in environmental aspect by reducing the carbon emission in to the environment. the increase in adoption of smart grids drives the global smart grid managed service market. The increasing IT firms all over the globe and evolution of new technologies triggers the growth of the market globally. also, increasing government initiatives in public campaigns is anticipated to fuel the growth of smart grid managed service market. Hence, this will drive the global market growth at a significant rate.
Based on regions, the market share is divided into North America, Asia-pacific, Europe, and the Middle East, and the African region. The North America Market holds about two third of the total market share value due to its increasing IT firms and easy adoption of smart grids and upgradation of technologies. The Smart Grid Managed Services market in the Asia Pacific is likely to grow at a significant rate because of the government initiatives taken in the public campaigns to save energy efficiently and reduce carbon foot print in the environment.
Latin America
Europe
Asia Pacific
Middle East
North America
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Report Benchmarks |
Details |
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Report Study Period |
2025-2031 |
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Market Size in 2023 |
US$ 5,289.4 million |
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Market CAGR |
13.6% |
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By Type |
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By Application |
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By End User |
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By Deployment |
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By Region |
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The global smart grid managed services market size was valued at US$ 5,289.4 million in 2023 and is expected to grow at a CAGR of 13.6% from 2024-2030.
The Smart Grid Managed Services market is poised to grow at a significant CAGR of 13.6% from 2024 to 2030.
The leading players in the global Smart Grid Managed Services market are Siemens, Schneider electric, S & C Electric Company, Eaton, GE, IBM, Wipro Limited, Honeywell, Cisco, Aclara, Landis+Gyr, Oracle, Itron, Accenture, Capgemini.
Historic years considered for the market study are 2019 through 2023, 2023 is considered as the base year for market estimation and Seven years forecast presented from 2024 – 2030.
| 1.Executive Summary |
| 2.Global Smart Grid Managed Services Market Introduction |
| 2.1.Global Smart Grid Managed Services Market - Taxonomy |
| 2.2.Global Smart Grid Managed Services Market - Definitions |
| 2.2.1.Type |
| 2.2.2.Application |
| 2.2.3.End User |
| 2.2.4.Region |
| 3.Global Smart Grid Managed Services Market Dynamics |
| 3.1. Drivers |
| 3.2. Restraints |
| 3.3. Opportunities/Unmet Needs of the Market |
| 3.4. Trends |
| 3.5. Product Landscape |
| 3.6. New Product Launches |
| 3.7. Impact of COVID 19 on Market |
| 4.Global Smart Grid Managed Services Market Analysis, 2020 - 2024 and Forecast 2025 - 2031 |
| 4.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031, (Sales Value USD Million) |
| 4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) |
| 4.3. Market Opportunity Analysis |
| 5.Global Smart Grid Managed Services Market By Type , 2020 - 2024 and Forecast 2025 - 2031 (Sales Value USD Million) |
| 5.1. Energy Management Systems |
| 5.1.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031, (Sales Value USD Million) |
| 5.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.1.3. Market Opportunity Analysis |
| 5.2. Distribution Management Systems |
| 5.2.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031, (Sales Value USD Million) |
| 5.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.2.3. Market Opportunity Analysis |
| 5.3. Data Analytics |
| 5.3.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031, (Sales Value USD Million) |
| 5.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.3.3. Market Opportunity Analysis |
| 5.4. Other |
| 5.4.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031, (Sales Value USD Million) |
| 5.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.4.3. Market Opportunity Analysis |
| 6.Global Smart Grid Managed Services Market By Application, 2020 - 2024 and Forecast 2025 - 2031 (Sales Value USD Million) |
| 6.1. Wind Turbines |
| 6.1.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031, (Sales Value USD Million) |
| 6.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.1.3. Market Opportunity Analysis |
| 6.2. Solar Power Systems |
| 6.2.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031, (Sales Value USD Million) |
| 6.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.2.3. Market Opportunity Analysis |
| 6.3. Plug-in Hybrid Electric Vehicles |
| 6.3.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031, (Sales Value USD Million) |
| 6.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.3.3. Market Opportunity Analysis |
| 6.4. Others |
| 6.4.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031, (Sales Value USD Million) |
| 6.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.4.3. Market Opportunity Analysis |
| 7.Global Smart Grid Managed Services Market By End User, 2020 - 2024 and Forecast 2025 - 2031 (Sales Value USD Million) |
| 7.1. Banking Sector |
| 7.1.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031, (Sales Value USD Million) |
| 7.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.1.3. Market Opportunity Analysis |
| 7.2. Communication Industry |
| 7.2.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031, (Sales Value USD Million) |
| 7.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.2.3. Market Opportunity Analysis |
| 7.3. Security and Surveillance Industry |
| 7.3.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031, (Sales Value USD Million) |
| 7.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.3.3. Market Opportunity Analysis |
| 7.4. Others |
| 7.4.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031, (Sales Value USD Million) |
| 7.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.4.3. Market Opportunity Analysis |
| 8.Global Smart Grid Managed Services Market By Region, 2020 - 2024 and Forecast 2025 - 2031 (Sales Value USD Million) |
| 8.1. North America |
| 8.1.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031, (Sales Value USD Million) |
| 8.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.1.3. Market Opportunity Analysis |
| 8.2. Europe |
| 8.2.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031, (Sales Value USD Million) |
| 8.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.2.3. Market Opportunity Analysis |
| 8.3. Asia Pacific (APAC) |
| 8.3.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031, (Sales Value USD Million) |
| 8.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.3.3. Market Opportunity Analysis |
| 8.4. Middle East and Africa (MEA) |
| 8.4.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031, (Sales Value USD Million) |
| 8.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.4.3. Market Opportunity Analysis |
| 8.5. Latin America |
| 8.5.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031, (Sales Value USD Million) |
| 8.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.5.3. Market Opportunity Analysis |
| 9.North America Smart Grid Managed Services Market ,2020 - 2024 and Forecast 2025 - 2031 (Sales Value USD Million) |
| 9.1. Type Analysis 2020 - 2024 and Forecast 2025 - 2031 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 9.1.1.Energy Management Systems |
| 9.1.2.Distribution Management Systems |
| 9.1.3.Data Analytics |
| 9.1.4.Other |
| 9.2. Application Analysis 2020 - 2024 and Forecast 2025 - 2031 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 9.2.1.Wind Turbines |
| 9.2.2.Solar Power Systems |
| 9.2.3.Plug-in Hybrid Electric Vehicles |
| 9.2.4.Others |
| 9.3. End User Analysis 2020 - 2024 and Forecast 2025 - 2031 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 9.3.1.Banking Sector |
| 9.3.2.Communication Industry |
| 9.3.3.Security and Surveillance Industry |
| 9.3.4.Others |
| 9.4. Country Analysis 2020 - 2024 and Forecast 2025 - 2031 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 9.4.1.United States of America (USA) |
| 9.4.2.Canada |
| 10.Europe Smart Grid Managed Services Market ,2020 - 2024 and Forecast 2025 - 2031 (Sales Value USD Million) |
| 10.1. Type Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.1.1.Energy Management Systems |
| 10.1.2.Distribution Management Systems |
| 10.1.3.Data Analytics |
| 10.1.4.Other |
| 10.2. Application Analysis 2020 - 2024 and Forecast 2025 - 2031 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.2.1.Wind Turbines |
| 10.2.2.Solar Power Systems |
| 10.2.3.Plug-in Hybrid Electric Vehicles |
| 10.2.4.Others |
| 10.3. End User Analysis 2020 - 2024 and Forecast 2025 - 2031 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.3.1.Banking Sector |
| 10.3.2.Communication Industry |
| 10.3.3.Security and Surveillance Industry |
| 10.3.4.Others |
| 10.4. Country Analysis 2020 - 2024 and Forecast 2025 - 2031 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.4.1.Germany |
| 10.4.2.France |
| 10.4.3.Italy |
| 10.4.4.United Kingdom (UK) |
| 10.4.5.Spain |
| 11.Asia Pacific (APAC) Smart Grid Managed Services Market ,2020 - 2024 and Forecast 2025 - 2031 (Sales Value USD Million) |
| 11.1. Type Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.1.1.Energy Management Systems |
| 11.1.2.Distribution Management Systems |
| 11.1.3.Data Analytics |
| 11.1.4.Other |
| 11.2. Application Analysis 2020 - 2024 and Forecast 2025 - 2031 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.2.1.Wind Turbines |
| 11.2.2.Solar Power Systems |
| 11.2.3.Plug-in Hybrid Electric Vehicles |
| 11.2.4.Others |
| 11.3. End User Analysis 2020 - 2024 and Forecast 2025 - 2031 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.3.1.Banking Sector |
| 11.3.2.Communication Industry |
| 11.3.3.Security and Surveillance Industry |
| 11.3.4.Others |
| 11.4. Country Analysis 2020 - 2024 and Forecast 2025 - 2031 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.4.1.China |
| 11.4.2.India |
| 11.4.3.Australia and New Zealand (ANZ) |
| 11.4.4.Japan |
| 11.4.5.Rest of APAC |
| 12.Middle East and Africa (MEA) Smart Grid Managed Services Market ,2020 - 2024 and Forecast 2025 - 2031 (Sales Value USD Million) |
| 12.1. Type Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.1.1.Energy Management Systems |
| 12.1.2.Distribution Management Systems |
| 12.1.3.Data Analytics |
| 12.1.4.Other |
| 12.2. Application Analysis 2020 - 2024 and Forecast 2025 - 2031 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.2.1.Wind Turbines |
| 12.2.2.Solar Power Systems |
| 12.2.3.Plug-in Hybrid Electric Vehicles |
| 12.2.4.Others |
| 12.3. End User Analysis 2020 - 2024 and Forecast 2025 - 2031 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.3.1.Banking Sector |
| 12.3.2.Communication Industry |
| 12.3.3.Security and Surveillance Industry |
| 12.3.4.Others |
| 12.4. Country Analysis 2020 - 2024 and Forecast 2025 - 2031 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.4.1.GCC Countries |
| 12.4.2.South Africa |
| 12.4.3.Rest of MEA |
| 13.Latin America Smart Grid Managed Services Market ,2020 - 2024 and Forecast 2025 - 2031 (Sales Value USD Million) |
| 13.1. Type Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 13.1.1.Energy Management Systems |
| 13.1.2.Distribution Management Systems |
| 13.1.3.Data Analytics |
| 13.1.4.Other |
| 13.2. Application Analysis 2020 - 2024 and Forecast 2025 - 2031 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 13.2.1.Wind Turbines |
| 13.2.2.Solar Power Systems |
| 13.2.3.Plug-in Hybrid Electric Vehicles |
| 13.2.4.Others |
| 13.3. End User Analysis 2020 - 2024 and Forecast 2025 - 2031 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 13.3.1.Banking Sector |
| 13.3.2.Communication Industry |
| 13.3.3.Security and Surveillance Industry |
| 13.3.4.Others |
| 13.4. Country Analysis 2020 - 2024 and Forecast 2025 - 2031 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 13.4.1.Brazil |
| 13.4.2.Mexico |
| 13.4.3.Rest of LA |
| 14. Competition Landscape |
| 14.1. Market Player Profiles (Introduction, Brand/Product Sales, Financial Analysis, Product Offerings, Key Developments, Collaborations, M & A, Strategies, and SWOT Analysis) |
| 14.2.1.Siemens |
| 14.2.2.Schneider electric |
| 14.2.3.S & C Electric Company |
| 14.2.4.Eaton |
| 14.2.5.GE |
| 14.2.6.IBM |
| 14.2.7.Wipro Limited |
| 14.2.8.Honeywell |
| 14.2.9.Cisco |
| 14.2.10.Aclara |
| 14.2.11.Landis+Gyr |
| 14.2.12.Oracle |
| 14.2.13.Itron |
| 14.2.14.Accenture |
| 14.2.15.Capgemini |
| 15. Research Methodology |
| 16. Appendix and Abbreviations |
Key Market Players
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