Smart Grid Managed Services Market: By Type, By Application, By End Use Industry, By Deployment, and Geography

download arrow download arrow Download Free Sample
settings arrow settings arrow email us

Smart Grid Managed Services Market Size, Share, Growth, Trends, and Global Industry Analysis: By Type (Energy Management Systems, Distribution Management Systems, Data Analytics, Others), By Application (Wind Turbines, Solar Power Systems, Plug-in Hybrid Electric Vehicles, Others), By End Use Industry (Banking Sector, Communication Industry, Security and Surveillance Industry, Others), By Deployment (Cloud-Based, On-premise), and Region

checked icon arrow_drop_down
checked icon Single User License $4400 $3520
checked icon Multiple User License $6600 $5280
checked icon Corporate User License $8900 $7120

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

Smart Grid Managed Services Market Key Developments:
  • In July 2021, AES Ohio and Landis+Gyr merged as technology partner for a program of grid modernization for enhancing the electricity distribution network efficiency.
  • In June 2021, Schneider Electric announced to help the people and the communities which are impacted by the weather and climate disaster by mobilizing microgrids


 

summary download arrow Download Free Sample

Smart Grid Managed Services Market Summary

Study Period

2024-2030

Base Year

2023

CAGR

13.6%

Largest Market

Asia Pacific

Fastest Growing Market

North America

Smart Grid Managed Services Market Dynamics

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.

Smart Grid Managed Services Market Segmentation Analysis

Report Benchmarks

Details

Report Study Period

2024-2030

Market Size in 2023

US$ 5,289.4 million

Market CAGR

13.6%

By Type

  • Energy Management Systems
  • Distribution Management Systems
  • Data Analytics
  • Other

By Application

  • Wind Turbines
  • Solar Power Systems
  • Plug-in Hybrid Electric Vehicles
  • Others

By End User

  • Banking Sector
  • Communication Industry
  • Security and Surveillance Industry
  • Others

By Deployment

  • Cloud-Based
  • On-premise

Key Features of the Report

  • The report provides granular level information about the market size, regional market share, historic market (2019 to 2023) and forecast (2024 to 2030)
  • The report covers in-detail insights about the competitor’s overview, company share analysis, key market developments, and their key strategies
  • The report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market
  • The report tracks recent innovations, key developments and startup’s details that are actively working in the market
  • The report provides plethora of information about market entry strategies, regulatory framework and reimbursement scenario
  • The report analyses the impact of socio-political environment through PESTLE Analysis and competition through Porter’s Five Force Analysis in addition to recent technology advancements and innovations in the market

Download Free Sample Report

I accept the Terms and Conditions,Disclaimers, GDPR Policy
LOCATION

Geography

geography

Frequently Asked Questions

The Smart Grid Managed Services market was valued at US$ 5,289.4 million in 2023.

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, 2019 - 2023 and Forecast 2024 - 2030
4.1.  Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (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 , 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million)
5.1. Energy Management Systems
5.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (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, 2019 - 2023 and Forecast, 2024 - 2030, (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, 2019 - 2023 and Forecast, 2024 - 2030, (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, 2019 - 2023 and Forecast, 2024 - 2030, (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, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million)
6.1. Wind Turbines
6.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (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, 2019 - 2023 and Forecast, 2024 - 2030, (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, 2019 - 2023 and Forecast, 2024 - 2030, (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, 2019 - 2023 and Forecast, 2024 - 2030, (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, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million)
7.1. Banking Sector
7.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (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, 2019 - 2023 and Forecast, 2024 - 2030, (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, 2019 - 2023 and Forecast, 2024 - 2030, (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, 2019 - 2023 and Forecast, 2024 - 2030, (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, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million)
8.1. North America
8.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (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, 2019 - 2023 and Forecast, 2024 - 2030, (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, 2019 - 2023 and Forecast, 2024 - 2030, (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, 2019 - 2023 and Forecast, 2024 - 2030, (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, 2019 - 2023 and Forecast, 2024 - 2030, (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 ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million)
9.1. Type  Analysis 2019 - 2023 and Forecast 2024 - 2030 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 2019 - 2023 and Forecast 2024 - 2030 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 2019 - 2023 and Forecast 2024 - 2030 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 2019 - 2023 and Forecast 2024 - 2030 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 ,2019 - 2023 and Forecast 2024 - 2030 (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 2019 - 2023 and Forecast 2024 - 2030 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 2019 - 2023 and Forecast 2024 - 2030 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 2019 - 2023 and Forecast 2024 - 2030 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 ,2019 - 2023 and Forecast 2024 - 2030 (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 2019 - 2023 and Forecast 2024 - 2030 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 2019 - 2023 and Forecast 2024 - 2030 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 2019 - 2023 and Forecast 2024 - 2030 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 ,2019 - 2023 and Forecast 2024 - 2030 (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 2019 - 2023 and Forecast 2024 - 2030 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 2019 - 2023 and Forecast 2024 - 2030 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 2019 - 2023 and Forecast 2024 - 2030 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 ,2019 - 2023 and Forecast 2024 - 2030 (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 2019 - 2023 and Forecast 2024 - 2030 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 2019 - 2023 and Forecast 2024 - 2030 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 2019 - 2023 and Forecast 2024 - 2030 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

  • Siemens
  • Schneider electric
  • S & C Electric Company
  • Eaton
  • GE
  • IBM
  • Wipro Limited
  • Honeywell
  • Cisco
  • Aclara
  • Landis+Gyr
  • Oracle
  • Itron
  • Accenture
  • Capgemini

Related Industry Reports

Smart Grid Managed Services Market

Grid Scale Stationary Battery Storage Market

Microgrid Market

Smart Grid Technology Market