DUBLIN, August 04, 2021--(BUSINESS WIRE)--The "Smart Grid - Global Market Trajectory & Analytics" report has been added to ResearchAndMarkets.com's offering.
Amid the COVID-19 crisis, the global market for Smart Grid estimated at US$28.2 Billion in the year 2020, is projected to reach a revised size of US$106 Billion by 2027, growing at a CAGR of 20.8% over the period 2020-2027.
Software, one of the segments analyzed in the report, is projected to record 21.7% CAGR and reach US$69.4 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Hardware segment is readjusted to a revised 19.3% CAGR for the next 7-year period.
The U.S. Market is Estimated at $8.4 Billion, While China is Forecast to Grow at 20% CAGR
The Smart Grid market in the U.S. is estimated at US$8.4 Billion in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$18.1 Billion by the year 2027 trailing a CAGR of 20% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 18.6% and 18% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 15.3% CAGR.
Select Competitors (Total 266 Featured):
Aclara Technologies LLC
Cisco Systems, Inc.
Eaton Corporation PLC
Enel X S.r.l.
Esyasoft Technologies Pvt Ltd.
General Electric Company
Globema Sp. z o.o.
Honeywell International, Inc.
Open Systems International, Inc.(OSI)
S&C Electric Company
Schneider Electric SA
Tantalus Systems, Inc.
Tech Mahindra Ltd.
Key Topics Covered:
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
Influencer Market Insights
World Market Trajectories
Impact of Covid-19 and a Looming Global Recession
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
4. GLOBAL MARKET PERSPECTIVE
III. MARKET ANALYSIS
For more information about this report visit https://www.researchandmarkets.com/r/9akxbn
View source version on businesswire.com: https://www.businesswire.com/news/home/20210804005770/en/
Laura Wood, Senior Press Manager
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