The Smart Grid Communications Market Overview 2025 report reveals that the market size has grown significantly over the past few years, with projections indicating further expansion.
What are the Historical Growth Trends in the Smart Grid Communications Market?
The Smart Grid Communications Global Market has seen significant growth recently. The market size is projected to increase from $13.18 billion in 2024 to $14.81 billion in 2025, with a compound annual growth rate (CAGR) of 12.4%.
What are the 2025 Market Projections: Forecasted Size & Growth Rate for the Smart Grid Communications Industry?
The Smart Grid Communications Global Market is projected to reach $24.43 billion in size by the year 2029, growing at a Compound Annual Growth Rate (CAGR) of 13.3%.
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What are the Key Growth Drivers Fueling the Smart Grid Communications Market?
The key drivers in the smart grid communications market are:
• Increasing integration of renewable energy sources
• Growing emphasis on grid modernization initiatives
• Rising demand for real-time data analytics and grid optimization
• Emerging cybersecurity threats necessitating robust communication infrastructure
Global Market Segmentation: Identifying Major Smart Grid Communications Industry Segments
The smart grid communications market covered in this report is segmented –
1) By Type: Wired, Wireless
2) By Solution: Wide Area Network (WAN), Home Area Network (HAN), Field Area Network (FAN)
3) By Application: Command And Control, Communications, Computers, Surveillance And Reconnaissance
4) By End-User: Media And Entertainment, Banking, Financial Services, And Insurance (BFSI), Healthcare, Transportation, Public Sector, Energy And Utilities, Other End Users
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What are the Emerging Trends Shaping the Future of the Smart Grid Communications Market?
The key trends in the smart grid communications market are:
• There is an increasing trend towards 5G integration in the smart grid communications market.
• The use of edge computing in this field is an emerging trend.
• The establishment of interoperability standards is also seeing a marked rise.
• The market is also shaped by the enhancing cybersecurity measures and growing use of AI and machine learning.
Who Are the Top Competitors & Leading Players in the Smart Grid Communications Market?
Major companies in the smart grid communications market are:
• Verizon Communications Inc.
• Siemens AG
• General Electric Company
• International Business Machines Corporation
• Cisco Systems Inc.
• Oracle Corporation
• Tantalus Systems Corp.
• Mitsubishi Electric Corporation
• Schneider Electric SE
• ABB Ltd.
• Fujitsu Ltd.
• Eaton Corporation PLC
• TE Connectivity Ltd.
• Emerson Electric Co.
• Xylem Inc.
• Honeywell International Inc.
• Itron Inc.
• Landis+Gyr
• QinetiQ Group PLC
• S&C Electric Co.
• Trilliant Holdings Inc.
• Infrax Systems Inc.
• Cooper Electric
• Tropos Networks
• Silver Spring Networks
Regional Dominance: Which Area Leads the Global Smart Grid Communications Market?
North America was the largest region in the smart grid communications market in 2024
