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What are the key dynamics influencing the Grid Modernization market growth? SWOT analysis of the Grid Modernization market.

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Global Grid Modernization Market Report 2025

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Grid Modernization Global Market Report 2025

Name: Grid Modernization Global Market Report 2025
Brand: The Business Research Company
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By Component (Hardware, Software, Services), By Application (Residential, Commercial, Industrial), By End-User (Utilities, Independent Power Producers (IPPs), Government And Municipalities) – Impact of Tariff and Trade War on Market Size, Growth, Trends, and Forecast 2025–2034

Note that the outlook for this market is being affected by rapid changes in trade relations and tariffs globally. The report will be updated prior to delivery to reflect the latest status, including revised forecasts and quantified impact analysis. The report’s Recommendations and Conclusions sections will be updated to give strategies for entities dealing with the fast-moving international environment.

Grid Modernization Market Overview

• Grid Modernization market size has reached to $33.62 billion in 2024

• Expected to grow to $70.77 billion in 2029 at a compound annual growth rate (CAGR) of 16.1%

• Growth Driver: Rising Demand For Renewable Energy Sources Fueling The Growth Of The Market Due To The Need For Smarter And More Flexible Energy Infrastructure

• Market Trend: Innovative AI-Driven Solutions Transforming Grid Operations

• North America was the largest region in 2024 and Asia-Pacific is the fastest growing region.

What Is Covered Under Grid Modernization Market?

Grid modernization refers to the process of upgrading the existing electrical grid with advanced technologies to enhance its efficiency, reliability, and resilience. Its purpose is to enable better management of energy distribution, integrate renewable sources, and improve overall grid performance to meet future energy demands.

The main components of grid modernization are hardware, software, and services. Grid modernization hardware refers to the physical equipment used to upgrade and improve the electricity grid for better reliability, efficiency, and control. It is used across various applications, including residential, commercial, and industrial sectors. The key end-users include utilities, independent power producers (IPPs), and government and municipal organizations.

Grid Modernization Market Size and growth rate 2025 to 2029: Graph

What Is The Grid Modernization Market Size 2025 And Growth Rate?

What Is The Grid Modernization Market Growth Forecast?

The grid modernization market size is expected to see rapid growth in the next few years. It will grow to $70.77 billion in 2029 at a compound annual growth rate (CAGR) of 16.1%. The growth in the forecast period can be attributed to decarbonization initiatives, an increase in distributed energy resources, rising consumer demand for energy independence, the expansion of 5G networks, and increasing reliance on digital technologies. Major trends in the forecast period include integration of AI and machine learning, edge computing for grid control, cloud-based grid management platforms, next-generation cybersecurity solutions, and enhanced renewable integration tools.

The forecast of 16.1% growth over the next five years reflects a modest reduction of 0.2% from the previous estimate for this market. This reduction is primarily due to the impact of tariffs between the US and other countries. Efforts to modernize the U.S. grid could stall as tariffs impact critical hardware like digital relays, SCADA systems, and advanced metering infrastructure sourced from global tech leaders. The effect will also be felt more widely due to reciprocal tariffs and the negative effect on the global economy and trade due to increased trade tensions and restrictions.

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What’s The Trade War Impact On Utilities Industry?

The rapid escalation of U.S. tariffs and the resulting trade tensions in spring 2025 are significantly impacting the utilities sector, particularly in power generation, grid infrastructure, and renewable energy projects. Higher duties on imported equipment such as turbines, transformers, solar panels, and battery storage systems have increased capital and operational costs for utility providers, forcing them to reconsider project timelines or pass on expenses to consumers through higher energy rates. The water and waste management segments are also affected, with tariffs driving up the cost of essential machinery, piping, and treatment technologies. Additionally, retaliatory tariffs have disrupted global supply chains for critical raw materials like rare earth metals used in clean energy technologies, further complicating the transition to sustainable energy sources. The sector must now prioritize domestic sourcing, digitalization, and efficiency-driven innovations to manage escalating costs while ensuring energy security and regulatory compliance.

How Is The Grid Modernization Market Segmented?

1) By Component: Hardware, Software, Services

2) By Application: Residential, Commercial, Industrial

3) By End-User: Utilities, Independent Power Producers (IPPs), Government And Municipalities

Subsegments:

1) By Hardware: Smart Meters, Circuit Breakers, Switchgear, Transformers, Sensors, Communication Equipment, Distribution Automation Devices

2) By Software: Advanced Distribution Management Systems (ADMS), Energy Management Systems (EMS), Grid Operations and Control Software, SCADA Systems, Analytics Software, Forecasting and Optimization Software

3) By Services: Consulting Services, Integration and Deployment Services, Maintenance and Support Services, Managed Services, Training and Certification Services

What Is Driving The Grid Modernization Market? Rising Demand For Renewable Energy Sources Fueling The Growth Of The Market Due To The Need For Smarter And More Flexible Energy Infrastructure

Rising demand for renewable energy sources is expected to propel the growth of the grid modernization market. Renewable energy sources are natural sources of energy that can be used again and again, like sunlight, wind, water, and heat from the Earth. The growing demand for renewable energy sources is due to the need to reduce carbon emissions and fight climate change. Grid modernization helps support the demand for renewable energy sources by making the power grid smarter, more flexible, and capable of handling variable energy from sources like solar and wind. For instance, in January 2024, the Energy Information Administration (EIA), a US-based government administration, reported that solar power generation in the U.S. is projected to increase by 75%, from 163 billion kWh in 2023 to 286 billion kWh by 2025. Similarly, wind power generation is expected to grow by 11%, rising from 430 billion kWh in 2023 to 476 billion kWh in 2025. Therefore, rising demand for renewable energy sources will drive the growth of the grid modernization industry.

Who Are The Major Players In The Global Grid Modernization Market?

Major companies operating in the grid modernization market are Hitachi Energy Ltd., Siemens AG, Cisco Systems Inc., Oracle Corporation, Schneider Electric SE, Mitsubishi Electric Corporation, Honeywell International Inc., NRG Energy Inc., ABB Ltd., Wipro Limited, Tech Mahindra Limited, Xylem Inc., Itron Inc., Elster Group GmbH, Enel X S.r.l., Kamstrup A/S, Trilliant Holdings Inc., Fluentgrid Limited, Tantalus Systems Holding Inc., eSmart Systems AS

What Are The Key Trends Of The Global Grid Modernization Market? Innovative AI-Driven Solutions Transforming Grid Operations

Major companies operating in the grid modernization are focusing on innovative solutions such as AI-driven ecosystems for utilities to enhance grid resiliency, efficiently manage distributed energy resources, and improve outage response and system reliability. AI-powered, hybrid cloud platforms are smart technology systems that use artificial intelligence and a mix of private and public cloud services to analyze data, make decisions, and manage operations more efficiently. For instance, In March 2025, Schneider Electric SE, a France-based company specializing in energy management and automation solutions, launched One Digital Grid Platform, an AI-powered, hybrid cloud solution. This platform enhances grid resiliency, reliability, and efficiency by integrating independent software solutions, enabling utilities to modernize operations, reduce outages by up to 40%, shorten DER interconnection timelines by 25%, and speed up application deployment by 60%. With robust cybersecurity and seamless interoperability, the platform provides a comprehensive, cost-effective solution for delivering cleaner, more affordable energy.

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What Are Latest Mergers And Acquisitions In The Grid Modernization Market? Qualus And Gridbright Join Forces To Drive Secure And Sustainable Grid Integration

In October 2023, Qualus Corporation, a US-based power services firm, acquired GridBright for an undisclosed amount. With this acquisition, Qualus aims to strengthen its position in the energy transition by expanding its capabilities in grid modernization, resiliency, security, and sustainability and offering comprehensive end-to-end solutions to its clients. ?GridBright is a US-based technology company specializing in secure and sustainable grid integration solutions for utilities and renewable energy developers.

What Is The Regional Outlook For The Global Grid Modernization Market?

North America was the largest region in the grid modernization market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in this market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The countries covered in this market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

What Defines the Grid Modernization Market?

The grid modernization market consists of revenues earned by entities by providing services such as grid automation services, demand response services, consulting, and system design services. The market value includes the value of related goods sold by the service provider or included within the service offering. The grid modernization market also includes sales of smart meters, smart grid communication devices, power inverters, electric vehicle (EV) charging infrastructure, circuit breakers, and switchgear. Values in this market are ‘factory gate’ values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

How is Market Value Defined and Measured?

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

What is the Market Assessment and Strategic Outlook for the Grid Modernization Industry?

The grid modernization market research report is one of a series of new reports from The Business Research Company that provides market statistics, including industry global market size, regional shares, competitors with the market share, detailed market segments, market trends and opportunities, and any further data you may need to thrive in the grid modernization industry. The market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future state of the industry.

1. Executive Summary

2. Grid Modernization Market Characteristics

3. Grid Modernization Market Trends And Strategies

4. Grid Modernization Market - Macro Economic Scenario Including The Impact Of Interest Rates, Inflation, Geopolitics, Trade Wars and Tariffs, And Covid And Recovery On The Market

4.1. Supply Chain Impact from Tariff War & Trade Protectionism

5. Global Grid Modernization Growth Analysis And Strategic Analysis Framework

5.1. Global Grid Modernization PESTEL Analysis (Political, Social, Technological, Environmental and Legal Factors, Drivers and Restraints)

5.2. Analysis Of End Use Industries

5.3. Global Grid Modernization Market Growth Rate Analysis

5.4. Global Grid Modernization Historic Market Size and Growth, 2019 - 2024, Value ($ Billion)

5.5. Global Grid Modernization Forecast Market Size and Growth, 2024 - 2029, 2034F, Value ($ Billion)

5.6. Global Grid Modernization Total Addressable Market (TAM)

6. Grid Modernization Market Segmentation

6.1. Global Grid Modernization Market, Segmentation By Component, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Hardware

Software

Services

6.2. Global Grid Modernization Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Residential

Commercial

Industrial

6.3. Global Grid Modernization Market, Segmentation By End-User, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Utilities

Independent Power Producers (IPPs)

Government And Municipalities

6.4. Global Grid Modernization Market, Sub-Segmentation Of Hardware, By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Smart Meters

Circuit Breakers

Switchgear

Transformers

Sensors

Communication Equipment

Distribution Automation Devices

6.5. Global Grid Modernization Market, Sub-Segmentation Of Software, By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Advanced Distribution Management Systems (ADMS)

Energy Management Systems (EMS)

Grid Operations and Control Software

SCADA Systems

Analytics Software

Forecasting And Optimization Software

6.6. Global Grid Modernization Market, Sub-Segmentation Of Services, By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Consulting Services

Integration And Deployment Services

Maintenance And Support Services

Managed Services

Training And Certification Services

7. Grid Modernization Market Regional And Country Analysis

7.1. Global Grid Modernization Market, Split By Region, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

7.2. Global Grid Modernization Market, Split By Country, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

8. Asia-Pacific Grid Modernization Market

8.1. Asia-Pacific Grid Modernization Market Overview

Region Information, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies

8.2. Asia-Pacific Grid Modernization Market, Segmentation By Component, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

8.3. Asia-Pacific Grid Modernization Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

8.4. Asia-Pacific Grid Modernization Market, Segmentation By End-User, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

9. China Grid Modernization Market

9.1. China Grid Modernization Market Overview

9.2. China Grid Modernization Market, Segmentation By Component, Historic and Forecast, 2019-2024, 2024-2029F, 2034F,$ Billion

9.3. China Grid Modernization Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F,$ Billion

9.4. China Grid Modernization Market, Segmentation By End-User, Historic and Forecast, 2019-2024, 2024-2029F, 2034F,$ Billion

10. India Grid Modernization Market

10.1. India Grid Modernization Market, Segmentation By Component, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

10.2. India Grid Modernization Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

10.3. India Grid Modernization Market, Segmentation By End-User, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

11. Japan Grid Modernization Market

11.1. Japan Grid Modernization Market Overview

11.2. Japan Grid Modernization Market, Segmentation By Component, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

11.3. Japan Grid Modernization Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

11.4. Japan Grid Modernization Market, Segmentation By End-User, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

12. Australia Grid Modernization Market

12.1. Australia Grid Modernization Market, Segmentation By Component, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

12.2. Australia Grid Modernization Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

12.3. Australia Grid Modernization Market, Segmentation By End-User, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

13. Indonesia Grid Modernization Market

13.1. Indonesia Grid Modernization Market, Segmentation By Component, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

13.2. Indonesia Grid Modernization Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

13.3. Indonesia Grid Modernization Market, Segmentation By End-User, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

14. South Korea Grid Modernization Market

14.1. South Korea Grid Modernization Market Overview

14.2. South Korea Grid Modernization Market, Segmentation By Component, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

14.3. South Korea Grid Modernization Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

14.4. South Korea Grid Modernization Market, Segmentation By End-User, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

15. Western Europe Grid Modernization Market

15.1. Western Europe Grid Modernization Market Overview

15.2. Western Europe Grid Modernization Market, Segmentation By Component, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

15.3. Western Europe Grid Modernization Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

15.4. Western Europe Grid Modernization Market, Segmentation By End-User, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

16. UK Grid Modernization Market

16.1. UK Grid Modernization Market, Segmentation By Component, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

16.2. UK Grid Modernization Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

16.3. UK Grid Modernization Market, Segmentation By End-User, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

17. Germany Grid Modernization Market

17.1. Germany Grid Modernization Market, Segmentation By Component, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

17.2. Germany Grid Modernization Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

17.3. Germany Grid Modernization Market, Segmentation By End-User, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

18. France Grid Modernization Market

18.1. France Grid Modernization Market, Segmentation By Component, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

18.2. France Grid Modernization Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

18.3. France Grid Modernization Market, Segmentation By End-User, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

19. Italy Grid Modernization Market

19.1. Italy Grid Modernization Market, Segmentation By Component, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

19.2. Italy Grid Modernization Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

19.3. Italy Grid Modernization Market, Segmentation By End-User, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

20. Spain Grid Modernization Market

20.1. Spain Grid Modernization Market, Segmentation By Component, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

20.2. Spain Grid Modernization Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

20.3. Spain Grid Modernization Market, Segmentation By End-User, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

21. Eastern Europe Grid Modernization Market

21.1. Eastern Europe Grid Modernization Market Overview

21.2. Eastern Europe Grid Modernization Market, Segmentation By Component, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

21.3. Eastern Europe Grid Modernization Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

21.4. Eastern Europe Grid Modernization Market, Segmentation By End-User, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

22. Russia Grid Modernization Market

22.1. Russia Grid Modernization Market, Segmentation By Component, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

22.2. Russia Grid Modernization Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

22.3. Russia Grid Modernization Market, Segmentation By End-User, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

23. North America Grid Modernization Market

23.1. North America Grid Modernization Market Overview

23.2. North America Grid Modernization Market, Segmentation By Component, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

23.3. North America Grid Modernization Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

23.4. North America Grid Modernization Market, Segmentation By End-User, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

24. USA Grid Modernization Market

24.1. USA Grid Modernization Market Overview

24.2. USA Grid Modernization Market, Segmentation By Component, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

24.3. USA Grid Modernization Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

24.4. USA Grid Modernization Market, Segmentation By End-User, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

25. Canada Grid Modernization Market

25.1. Canada Grid Modernization Market Overview

25.2. Canada Grid Modernization Market, Segmentation By Component, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

25.3. Canada Grid Modernization Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

25.4. Canada Grid Modernization Market, Segmentation By End-User, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

26. South America Grid Modernization Market

26.1. South America Grid Modernization Market Overview

26.2. South America Grid Modernization Market, Segmentation By Component, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

26.3. South America Grid Modernization Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

26.4. South America Grid Modernization Market, Segmentation By End-User, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

27. Brazil Grid Modernization Market

27.1. Brazil Grid Modernization Market, Segmentation By Component, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

27.2. Brazil Grid Modernization Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

27.3. Brazil Grid Modernization Market, Segmentation By End-User, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

28. Middle East Grid Modernization Market

28.1. Middle East Grid Modernization Market Overview

28.2. Middle East Grid Modernization Market, Segmentation By Component, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

28.3. Middle East Grid Modernization Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

28.4. Middle East Grid Modernization Market, Segmentation By End-User, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

29. Africa Grid Modernization Market

29.1. Africa Grid Modernization Market Overview

29.2. Africa Grid Modernization Market, Segmentation By Component, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

29.3. Africa Grid Modernization Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

29.4. Africa Grid Modernization Market, Segmentation By End-User, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

30. Grid Modernization Market Competitive Landscape And Company Profiles

30.1. Grid Modernization Market Competitive Landscape

30.2. Grid Modernization Market Company Profiles

30.2.1. Hitachi Energy Ltd. Overview, Products and Services, Strategy and Financial Analysis

30.2.2. Siemens AG Overview, Products and Services, Strategy and Financial Analysis

30.2.3. Cisco Systems Inc. Overview, Products and Services, Strategy and Financial Analysis

30.2.4. Oracle Corporation Overview, Products and Services, Strategy and Financial Analysis

30.2.5. Schneider Electric SE Overview, Products and Services, Strategy and Financial Analysis

31. Grid Modernization Market Other Major And Innovative Companies

31.1. Mitsubishi Electric Corporation

31.2. Honeywell International Inc.

31.3. NRG Energy Inc.

31.4. ABB Ltd.

31.5. Wipro Limited

31.6. Tech Mahindra Limited

31.7. Xylem Inc.

31.8. Itron Inc.

31.9. Elster Group GmbH

31.10. Enel X S.r.l.

31.11. Kamstrup A/S

31.12. Trilliant Holdings Inc.

31.13. Fluentgrid Limited

31.14. Tantalus Systems Holding Inc.

31.15. eSmart Systems AS

32. Global Grid Modernization Market Competitive Benchmarking And Dashboard

33. Key Mergers And Acquisitions In The Grid Modernization Market

34. Recent Developments In The Grid Modernization Market

35. Grid Modernization Market High Potential Countries, Segments and Strategies

35.1 Grid Modernization Market In 2029 - Countries Offering Most New Opportunities

35.2 Grid Modernization Market In 2029 - Segments Offering Most New Opportunities

35.3 Grid Modernization Market In 2029 - Growth Strategies

35.3.1 Market Trend Based Strategies

35.3.2 Competitor Strategies

36. Appendix

36.1. Abbreviations

36.2. Currencies

36.3. Historic And Forecast Inflation Rates

36.4. Research Inquiries

36.5. The Business Research Company

36.6. Copyright And Disclaimer

List Of Tables

Table 1: Global Historic Market Growth, 2019-2024, $ Billion

Table 2: Global Forecast Market Growth, 2024-2029F, 2034F, $ Billion

Table 3: Global Grid Modernization Market, Segmentation By Component, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 4: Global Grid Modernization Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 5: Global Grid Modernization Market, Segmentation By End-User, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 6: Global Grid Modernization Market, Sub-Segmentation Of Hardware, By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 7: Global Grid Modernization Market, Sub-Segmentation Of Software, By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 8: Global Grid Modernization Market, Sub-Segmentation Of Services, By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 9: Global Grid Modernization Market, Split By Region, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 10: Global Grid Modernization Market, Split By Country, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 11: Asia-Pacific, Grid Modernization Market, Segmentation By Component, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 12: Asia-Pacific, Grid Modernization Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 13: Asia-Pacific, Grid Modernization Market, Segmentation By End-User, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 14: China, Grid Modernization Market, Segmentation By Component, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 15: China, Grid Modernization Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 16: China, Grid Modernization Market, Segmentation By End-User, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 17: India, Grid Modernization Market, Segmentation By Component, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 18: India, Grid Modernization Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 19: India, Grid Modernization Market, Segmentation By End-User, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 20: Japan, Grid Modernization Market, Segmentation By Component, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 21: Japan, Grid Modernization Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 22: Japan, Grid Modernization Market, Segmentation By End-User, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 23: Australia, Grid Modernization Market, Segmentation By Component, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 24: Australia, Grid Modernization Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 25: Australia, Grid Modernization Market, Segmentation By End-User, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 26: Indonesia, Grid Modernization Market, Segmentation By Component, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 27: Indonesia, Grid Modernization Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 28: Indonesia, Grid Modernization Market, Segmentation By End-User, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 29: South Korea, Grid Modernization Market, Segmentation By Component, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 30: South Korea, Grid Modernization Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 31: South Korea, Grid Modernization Market, Segmentation By End-User, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 32: Western Europe, Grid Modernization Market, Segmentation By Component, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 33: Western Europe, Grid Modernization Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 34: Western Europe, Grid Modernization Market, Segmentation By End-User, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 35: UK, Grid Modernization Market, Segmentation By Component, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 36: UK, Grid Modernization Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 37: UK, Grid Modernization Market, Segmentation By End-User, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 38: Germany, Grid Modernization Market, Segmentation By Component, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 39: Germany, Grid Modernization Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 40: Germany, Grid Modernization Market, Segmentation By End-User, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 41: France, Grid Modernization Market, Segmentation By Component, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 42: France, Grid Modernization Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 43: France, Grid Modernization Market, Segmentation By End-User, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 44: Italy, Grid Modernization Market, Segmentation By Component, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 45: Italy, Grid Modernization Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 46: Italy, Grid Modernization Market, Segmentation By End-User, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 47: Spain, Grid Modernization Market, Segmentation By Component, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 48: Spain, Grid Modernization Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 49: Spain, Grid Modernization Market, Segmentation By End-User, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 50: Eastern Europe, Grid Modernization Market, Segmentation By Component, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 51: Eastern Europe, Grid Modernization Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 52: Eastern Europe, Grid Modernization Market, Segmentation By End-User, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 53: Russia, Grid Modernization Market, Segmentation By Component, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 54: Russia, Grid Modernization Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 55: Russia, Grid Modernization Market, Segmentation By End-User, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 56: North America, Grid Modernization Market, Segmentation By Component, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 57: North America, Grid Modernization Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 58: North America, Grid Modernization Market, Segmentation By End-User, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 59: USA, Grid Modernization Market, Segmentation By Component, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 60: USA, Grid Modernization Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 61: USA, Grid Modernization Market, Segmentation By End-User, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 62: Canada, Grid Modernization Market, Segmentation By Component, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 63: Canada, Grid Modernization Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 64: Canada, Grid Modernization Market, Segmentation By End-User, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 65: South America, Grid Modernization Market, Segmentation By Component, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 66: South America, Grid Modernization Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 67: South America, Grid Modernization Market, Segmentation By End-User, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 68: Brazil, Grid Modernization Market, Segmentation By Component, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 69: Brazil, Grid Modernization Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 70: Brazil, Grid Modernization Market, Segmentation By End-User, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 71: Middle East, Grid Modernization Market, Segmentation By Component, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 72: Middle East, Grid Modernization Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 73: Middle East, Grid Modernization Market, Segmentation By End-User, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 74: Africa, Grid Modernization Market, Segmentation By Component, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 75: Africa, Grid Modernization Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 76: Africa, Grid Modernization Market, Segmentation By End-User, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 77: Hitachi Energy Ltd. Financial Performance

Table 78: Siemens AG Financial Performance

Table 79: Cisco Systems Inc. Financial Performance

Table 80: Oracle Corporation Financial Performance

Table 81: Schneider Electric SE Financial Performance

List Of Figures

Figure 1: Global Historic Market Growth, 2019-2024, $ Billion

Figure 2: Global Forecast Market Growth, 2024-2029F, 2034F, $ Billion

Figure 3: Global Grid Modernization Market, Segmentation By Component, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 4: Global Grid Modernization Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 5: Global Grid Modernization Market, Segmentation By End-User, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 6: Global Grid Modernization Market, Sub-Segmentation Of Hardware, By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 7: Global Grid Modernization Market, Sub-Segmentation Of Software, By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 8: Global Grid Modernization Market, Sub-Segmentation Of Services, By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 9: Global Grid Modernization Market, Split By Region, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 10: Global Grid Modernization Market, Split By Country, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 11: Asia-Pacific, Grid Modernization Market, Segmentation By Component, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 12: Asia-Pacific, Grid Modernization Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 13: Asia-Pacific, Grid Modernization Market, Segmentation By End-User, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 14: China, Grid Modernization Market, Segmentation By Component, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 15: China, Grid Modernization Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 16: China, Grid Modernization Market, Segmentation By End-User, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 17: India, Grid Modernization Market, Segmentation By Component, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 18: India, Grid Modernization Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 19: India, Grid Modernization Market, Segmentation By End-User, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 20: Japan, Grid Modernization Market, Segmentation By Component, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 21: Japan, Grid Modernization Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 22: Japan, Grid Modernization Market, Segmentation By End-User, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 23: Australia, Grid Modernization Market, Segmentation By Component, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 24: Australia, Grid Modernization Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 25: Australia, Grid Modernization Market, Segmentation By End-User, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 26: Indonesia, Grid Modernization Market, Segmentation By Component, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 27: Indonesia, Grid Modernization Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 28: Indonesia, Grid Modernization Market, Segmentation By End-User, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 29: South Korea, Grid Modernization Market, Segmentation By Component, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 30: South Korea, Grid Modernization Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 31: South Korea, Grid Modernization Market, Segmentation By End-User, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 32: Western Europe, Grid Modernization Market, Segmentation By Component, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 33: Western Europe, Grid Modernization Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 34: Western Europe, Grid Modernization Market, Segmentation By End-User, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 35: UK, Grid Modernization Market, Segmentation By Component, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 36: UK, Grid Modernization Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 37: UK, Grid Modernization Market, Segmentation By End-User, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 38: Germany, Grid Modernization Market, Segmentation By Component, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 39: Germany, Grid Modernization Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 40: Germany, Grid Modernization Market, Segmentation By End-User, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 41: France, Grid Modernization Market, Segmentation By Component, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 42: France, Grid Modernization Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 43: France, Grid Modernization Market, Segmentation By End-User, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 44: Italy, Grid Modernization Market, Segmentation By Component, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 45: Italy, Grid Modernization Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 46: Italy, Grid Modernization Market, Segmentation By End-User, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 47: Spain, Grid Modernization Market, Segmentation By Component, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 48: Spain, Grid Modernization Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 49: Spain, Grid Modernization Market, Segmentation By End-User, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 50: Eastern Europe, Grid Modernization Market, Segmentation By Component, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 51: Eastern Europe, Grid Modernization Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 52: Eastern Europe, Grid Modernization Market, Segmentation By End-User, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 53: Russia, Grid Modernization Market, Segmentation By Component, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 54: Russia, Grid Modernization Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 55: Russia, Grid Modernization Market, Segmentation By End-User, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 56: North America, Grid Modernization Market, Segmentation By Component, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 57: North America, Grid Modernization Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 58: North America, Grid Modernization Market, Segmentation By End-User, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 59: USA, Grid Modernization Market, Segmentation By Component, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 60: USA, Grid Modernization Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 61: USA, Grid Modernization Market, Segmentation By End-User, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 62: Canada, Grid Modernization Market, Segmentation By Component, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 63: Canada, Grid Modernization Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 64: Canada, Grid Modernization Market, Segmentation By End-User, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 65: South America, Grid Modernization Market, Segmentation By Component, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 66: South America, Grid Modernization Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 67: South America, Grid Modernization Market, Segmentation By End-User, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 68: Brazil, Grid Modernization Market, Segmentation By Component, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 69: Brazil, Grid Modernization Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 70: Brazil, Grid Modernization Market, Segmentation By End-User, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 71: Middle East, Grid Modernization Market, Segmentation By Component, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 72: Middle East, Grid Modernization Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 73: Middle East, Grid Modernization Market, Segmentation By End-User, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 74: Africa, Grid Modernization Market, Segmentation By Component, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 75: Africa, Grid Modernization Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 76: Africa, Grid Modernization Market, Segmentation By End-User, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 77: Hitachi Energy Ltd. Financial Performance

Figure 78: Siemens AG Financial Performance

Figure 79: Cisco Systems Inc. Financial Performance

Figure 80: Oracle Corporation Financial Performance

Figure 81: Schneider Electric SE Financial Performance

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Frequently Asked Questions

What is the definition of the Grid Modernization market?

How will the Grid Modernization market drivers and restraints affect the market dynamics? What forces will shape the Grid Modernization industry going forward?

The market major growth driver - Rising Demand For Renewable Energy Sources Fueling The Growth Of The Market Due To The Need For Smarter And More Flexible Energy Infrastructure. For further insights on this market, request a sample here

What is the forecast market size or the forecast market value of the Grid Modernization market?

The grid modernization market size has grown rapidly in recent years. It will grow from $33.62 billion in 2024 to $38.91 billion in 2025 at a compound annual growth rate (CAGR) of 15.7%. The growth in the historic period can be attributed to aging grid infrastructure, rising electricity demand, increasing regulatory pressure, rising demand for renewable energy sources, and rising costs of energy losses. The grid modernization market size is expected to see rapid growth in the next few years. It will grow to $70.77 billion in 2029 at a compound annual growth rate (CAGR) of 16.1%. The growth in the forecast period can be attributed to decarbonization initiatives, an increase in distributed energy resources, rising consumer demand for energy independence, the expansion of 5G networks, and increasing reliance on digital technologies. Major trends in the forecast period include integration of AI and machine learning, edge computing for grid control, cloud-based grid management platforms, next-generation cybersecurity solutions, and enhanced renewable integration tools. For further insights on this market, request a sample here

How is the Grid Modernization market segmented?

The grid modernizationmarket covered in this report is segmented –
1) By Component: Hardware, Software, Services
2) By Application: Residential, Commercial, Industrial
3) By End-User: Utilities, Independent Power Producers (IPPs), Government And Municipalities Subsegments:
1) By Hardware: Smart Meters, Circuit Breakers, Switchgear, Transformers, Sensors, Communication Equipment, Distribution Automation Devices
2) By Software: Advanced Distribution Management Systems (ADMS), Energy Management Systems (EMS), Grid Operations and Control Software, SCADA Systems, Analytics Software, Forecasting and Optimization Software
3) By Services: Consulting Services, Integration and Deployment Services, Maintenance and Support Services, Managed Services, Training and Certification Services For further insights on this market, request a sample here

Which region has the largest share of the Grid Modernization market? What are the other regions covered in the report?

North America was the largest region in the grid modernization market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the grid modernization market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. For further insights on this market, request a sample here.

Who are the major players in the Grid Modernization market?

What are the key trends in the Grid Modernization market?

Major trends in this market include Innovative AI-Driven Solutions Transforming Grid Operations. For further insights on this market, request a sample here.