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Report Overview
The global smart grid market size reached approximately USD 66.63 Billion in 2025. The market is projected to grow at a CAGR of 17.50% between 2026 and 2035, reaching a value of around USD 334.23 Billion by 2035.
2025
Base Year
2019-2025
Historical Period
2026-2035
Forecast Period
Competitive Landscape
The players in the smart grid market are adopting novel technologies and increasing their collaboration efforts to meet the evolving regulatory landscape
| Company | Headquarters | Description | Presence |
| Siemens AG | Munich, Germany | Leader in electrical engineering | Over 200 countries |
| ABB Ltd. | Zurich, Switzerland | Global technology company | More than 100 countries |
| Schneider Electric SE | Rueil-Malmaison, France | Specialist in energy management | Over 100 countries |
| Honeywell International Inc. | North Carolina, United States | Diversified technology leader | Over 70 countries |
Other notable players in the smart grid market include General Electric Company, Cisco Systems, Inc., Eaton Corporation plc, ORACLE Corporation, Globema sp. z o.o., and Trilliant Holdings Inc., among others.
Smart Grid Market Report Snapshots
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
In 2025, the market reached an approximate value of USD 66.63 Billion.
The market is projected to grow at a CAGR of 17.50% between 2026 and 2035.
The market is estimated to witness a healthy growth in the forecast period of 2026-2035, reaching a value of around USD 334.23 Billion by 2035.
The major market drivers are the modernisation of the ageing grid, rising investment in electrical infrastructure, and growing demand for improving energy efficiency in different end-use sectors.
The key trends of the market include increased utilisation of smart grids for the effective management and distribution of renewable energy, growing applications of microgrids in remote areas and mission-critical infrastructure, and deployment of advanced technologies such as AI and IoT in the utility sector.
The major regions in the market are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
Various solutions of smart grid are advance metring infrastructure, smart grid distribution management, grid asset management, smart grid network management, substation automation, and smart grid security, among others.
The major players in the market are Siemens AG, ABB Ltd., Schneider Electric SE, Honeywell International Inc., General Electric Company, Cisco Systems, Inc., Eaton Corporation plc, ORACLE Corporation, Globema sp. z o.o., and Trilliant Holdings Inc., among others.
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