サマリー

世界のパワーグリッド市場は、2023年の2,821億ドルから2028年には3,674億ドルに成長すると推定され、予測期間中の年平均成長率は5.4%を記録すると予測されています。産業プロセスの電化が進むと、エネルギー需要が増加し、パワーグリッド市場を牽引する。
"変圧器"：パワーグリッド市場の第2位のセグメント、コンポーネント別 "
コンポーネントに基づいて、パワーグリッド市場は、ケーブル、可変速ドライブ、トランス、スイッチギア、その他の5種類に分類されています。トランスは、2022年のパワーグリッド市場で2番目に大きなシェアを占めると推定されています。変圧器は、電力の送電と配電において重要な役割を果たすグリッドインフラの必須コンポーネントである。これらのデバイスは、電気エネルギーをある回路から別の回路に伝達するために使用され、長距離の効率的な配電を可能にします。
"再生可能エネルギー分野は、電源に基づく最大のセグメントとして浮上すると予想される"
電源別に、パワーグリッド市場は、石油、天然ガス、石炭、水力発電、再生可能エネルギー、その他に分類されています。2022年のパワーグリッド市場では、再生可能エネルギーが最大のシェアを占めると予想されています。再生可能エネルギーはコスト競争力も高まっており、太陽光発電や風力発電の価格は近年大幅に低下しています。各国が輸入化石燃料への依存度を下げ、エネルギー安全保障を向上させる機会を提供するものである
"アプリケーション別では、送電分野が予測期間中に最も急速に成長する市場となる見込みです。"
アプリケーションに基づき、パワーグリッド市場は、発電、送電、発電に区分されます。予測期間中、送電セグメントが最も急成長すると予想されています。効率的な送電ネットワークがなければ、電気エネルギーは消費地の近くで発電する必要がありますが、これは法外に高価で非現実的です。送電は、電気エネルギーが中断することなく確実に供給されるようにするために不可欠です。
中東・アフリカはパワーグリッド市場で2番目に急成長している地域と予想される
中東・アフリカは、予測期間中、パワーグリッド市場で2番目に速い速度で成長すると予想されています。この成長には、人口増加、都市化、生活水準の向上など、いくつかの要因が寄与しています。その結果、この地域のエネルギー需要は急速に増加しており、各国政府は発電、送電、配電インフラに多額の投資を行うようになりました。これらの要因が、同地域におけるパワーグリッド市場の成長を促進すると予想されます。
プライマリーの内訳
重要な質的・量的情報の入手と検証、および将来の市場見通しを評価するために、様々な主要業界関係者、主題専門家、主要市場関係者のCレベル幹部、および業界コンサルタントなどの専門家に詳細なインタビューを実施した。一次インタビューの分布は以下の通りです：
企業タイプ別ティア1- 35％、ティア2- 45％、ティア3- 20
デザイン別：Cレベル-35％、ディレクターレベル-25％、その他-40％。
地域別北米40％、アジア太平洋30％、欧州20％、中東・アフリカ5％、南米5％。
注）その他には、プロダクトエンジニア、プロダクトスペシャリスト、エンジニアリングリードが含まれます。
注）企業の階層は、2021年時点の総収益に基づいて定義されています。ティア1：＞10億米ドル、ティア2：5億米ドルから10億米ドル、ティア3：＜5億米ドル

パワーグリッド市場は、幅広い地域で存在感を示す少数の主要プレーヤーによって支配されている。パワーグリッド市場の主要プレーヤーは、ABB（スイス）、シーメンス（ドイツ）、シュナイダーエレクトリック（フランス）、ゼネラルエレクトリック（米国）です。
調査範囲
この調査レポートは、世界のパワーグリッド市場をコンポーネント、電源、アプリケーション、地域別に定義、説明、予測しています。また、市場の質的・量的な詳細な分析も行っています。主要な市場促進要因、阻害要因、機会、課題などを包括的にレビューしています。また、市場のさまざまな重要な側面もカバーしています。これらには、競争環境、市場ダイナミクス、金額ベースの市場推定値、パワーグリッド市場の将来動向の分析が含まれます。
本レポートを購入する主なメリット
- 産業プロセスや車両の電化、送配電インフラのアップグレードと拡張への投資は、パワーグリッド市場を牽引する主な要因のひとつです。しかし、設置コストが高く、電化のための共通規格がない国もあるため、市場の制約となっている。電気インフラのアップグレードや電力損失の削減に対する政府の指令の増加は、パワーグリッド市場の成長の機会を提供します。ただし、送電プロジェクトの遅延は、パワーグリッド開発中の国々が直面する大きな課題である。
- 製品開発・イノベーション：パワーグリッド市場の将来は、パワーエレクトロニクスモジュールの改良と高電圧システムへの直接接続機能により、HV直流（HVDC）およびフレキシブル交流送電システム（FACTS）の低価格化が進み、明るいと思われます。
- 市場の発展：再生可能エネルギーは、発電のためのグリッドインフラとしてますます重要性を増しています。再生可能エネルギーには、太陽光、風力、水力、地熱、バイオマスなどの電源が含まれる。中東・アフリカ（MEA）のパワーグリッド市場は、電力需要の増加と新しい電力インフラの開発により、今後数年間で大きな成長が見込まれます。
- 市場の多様化GE Renewable Energy社は、HYpactスイッチギアを発売しました。移動式（トラック搭載）変電所や陸上風力発電用変電所など、複数の用途で使用できる。電気ネットワークの予測可能性を高め、顧客の運用コストや環境への影響を軽減します。
- 競争力のある評価：パワーグリッド市場におけるABB（スイス）、シーメンス（ドイツ）、ゼネラル・エレクトリック（米国）、プリズミアン・グループ（イタリア）などの主要企業の市場シェア、成長戦略、サービス内容を詳細に評価します。

ページTOPに戻る

目次

1 INTRODUCTION 20
1.1 STUDY OBJECTIVES 20
1.2 MARKET DEFINITION 20
1.3 INCLUSIONS AND EXCLUSIONS 21
1.3.1 POWER GRID MARKET, BY COMPONENT: INCLUSIONS & EXCLUSIONS 21
1.3.2 POWER GRID MARKET, BY POWER SOURCE: INCLUSIONS & EXCLUSIONS 21
1.3.3 POWER GRID MARKET, BY APPLICATION: INCLUSIONS & EXCLUSIONS 22
1.4 MARKET SCOPE 22
1.4.1 MARKETS COVERED 22
1.4.2 REGIONAL SCOPE 23
1.5 YEARS CONSIDERED 23
1.6 CURRENCY CONSIDERED 24
1.7 UNITS CONSIDERED 24
1.8 LIMITATIONS 24
1.9 STAKEHOLDERS 24
1.10 RECESSION IMPACT 25
2 RESEARCH METHODOLOGY 26
2.1 RESEARCH DATA 26
FIGURE 1 POWER GRID MARKET: RESEARCH DESIGN 27
2.2 MARKET BREAKDOWN AND DATA TRIANGULATION 28
FIGURE 2 DATA TRIANGULATION METHODOLOGY 28
2.2.1 SECONDARY DATA 29
2.2.1.1 Key data from secondary sources 29
2.2.2 PRIMARY DATA 30
2.2.2.1 Key data from primary sources 30
2.2.2.2 Breakdown of primaries 31
FIGURE 3 BREAKDOWN OF PRIMARIES 31
2.3 RECESSION IMPACT 31
2.4 STUDY SCOPE 32
FIGURE 4 MAIN METRICS CONSIDERED TO ANALYZE AND ASSESS DEMAND FOR POWER GRIDS 32
2.5 MARKET SIZE ESTIMATION 32
2.5.1 BOTTOM-UP APPROACH 33
FIGURE 5 MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH 33
2.5.2 TOP-DOWN APPROACH 34
FIGURE 6 MARKET SIZE ESTIMATION METHODOLOGY: TOP-DOWN APPROACH 34
2.5.3 DEMAND-SIDE ANALYSIS 35
FIGURE 7 REGIONAL ANALYSIS 35
FIGURE 8 COUNTRY-LEVEL ANALYSIS 36
2.5.3.1 Assumptions for demand-side analysis 36
2.5.3.2 Calculations for demand-side analysis 36
2.5.4 SUPPLY-SIDE ANALYSIS 37
FIGURE 9 KEY STEPS CONSIDERED TO ASSESS SUPPLY OF POWER GRID SOLUTIONS 37
FIGURE 10 POWER GRID MARKET: SUPPLY-SIDE ANALYSIS 38
2.5.4.1 Assumptions for supply-side analysis 38
2.5.4.2 Calculations for supply-side analysis 38
FIGURE 11 COMPANY REVENUE ANALYSIS, 2021 39
2.5.5 FORECAST 39
3 EXECUTIVE SUMMARY 40
3.1 SNAPSHOT OF POWER GRID MARKET 40
FIGURE 12 CABLES TO HOLD LARGEST SHARE OF POWER GRID MARKET, BY COMPONENT, DURING FORECAST PERIOD 41
FIGURE 13 RENEWABLES SEGMENT TO LEAD POWER GRID MARKET DURING FORECAST PERIOD 42
FIGURE 14 DISTRIBUTION APPLICATIONS TO CAPTURE LARGEST SHARE OF POWER GRID MARKET THROUGHOUT FORECAST PERIOD 42
FIGURE 15 ASIA PACIFIC ACCOUNTED FOR LARGEST SHARE OF POWER GRID MARKET IN 2022 43
4 PREMIUM INSIGHTS 44
4.1 ATTRACTIVE OPPORTUNITIES FOR PLAYERS IN POWER GRID MARKET 44
FIGURE 16 ADOPTION OF RENEWABLE ENERGY AND GOVERNMENT MANDATES FOR CLEAN POWER GRIDS TO CREATE OPPORTUNITIES FOR PLAYERS 44
4.2 POWER GRID MARKET IN ASIA PACIFIC, BY APPLICATION AND COUNTRY 45
FIGURE 17 DISTRIBUTION APPLICATIONS AND CHINA TO HOLD LARGEST SHARES OF POWER GRID MARKET IN ASIA PACIFIC IN 2028 45
4.3 POWER GRID MARKET, BY COMPONENT 45
FIGURE 18 CABLES SEGMENT TO DOMINATE POWER GRID MARKET, BY COMPONENT, IN 2028 45
4.4 POWER GRID MARKET, BY POWER SOURCE 46
FIGURE 19 RENEWABLES SEGMENT TO HOLD LARGEST MARKET SHARE IN 2028 46
4.5 POWER GRID MARKET, BY APPLICATION 46
FIGURE 20 DISTRIBUTION APPLICATIONS TO LEAD POWER GRID MARKET IN 2028 46
5 MARKET OVERVIEW 47
5.1 INTRODUCTION 47
5.2 MARKET DYNAMICS 47
FIGURE 21 POWER GRID MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES 47
5.2.1 DRIVERS 48
5.2.1.1 Electrification of industrial processes and fleets 48
FIGURE 22 INDUSTRY-WISE ELECTRIFICATION TRENDS, 2020 VS. 2050 48
5.2.1.2 Investments in upgrading and expanding transmission and distribution infrastructure 49
TABLE 1 GLOBAL T&D INFRASTRUCTURE EXPANSION AND REFURBISHMENT PLANS 49
5.2.1.3 Transition from traditional to electric two-way power flowing grids 50
5.2.2 RESTRAINTS 50
5.2.2.1 High installation cost of HVDC transmission systems and high-end monitoring devices 50
5.2.2.2 Lack of common standards for EV charging and integration of renewable energy into power grid 51
5.2.3 OPPORTUNITIES 51
5.2.3.1 Rapid urbanization and digitalization 51
FIGURE 23 GROWTH IN URBAN POPULATION WORLDWIDE, 2010–2020 52
5.2.3.2 Focus of governments worldwide on reducing AT&C losses of power distribution utilities 52
FIGURE 24 GLOBAL INVESTMENTS IN ELECTRICITY NETWORKS, BY GEOGRAPHY, 2016–2021 53
5.2.3.3 Rising use of power grids by EV and HV users to charge vehicles 53
FIGURE 25 GLOBAL EV CAR STOCKS, 2016–2020, MILLION UNITS 54
5.2.4 CHALLENGES 54
5.2.4.1 Delays in grid expansion projects due to unclear regulations and lengthy approval processes 54
5.2.4.2 High adoption of energy-efficient equipment and processes by industrial and residential users 54
FIGURE 26 CO2 EMISSIONS FROM ELECTRICITY GENERATION, 1990–2019 55
5.3 TRENDS/DISRUPTIONS IMPACTING CUSTOMER BUSINESS 55
5.3.1 NEW REVENUE POCKETS FOR POWERGRID PROVIDERS 55
FIGURE 27 REVENUE SHIFT AND NEW REVENUE POCKETS FOR PLAYERS IN POWER GRID MARKET 56
5.4 ECOSYSTEM MAPPING 56
TABLE 2 KEY COMPANIES AND THEIR ROLE IN POWERGRID ECOSYSTEM 56
FIGURE 28 MARKET MAP/ECOSYSTEM 57
5.5 VALUE/SUPPLY CHAIN ANALYSIS 57
FIGURE 29 VALUE CHAIN ANALYSIS: MAXIMUM VALUE ADDED BY GRID INFRASTRUCTURE INSTALLERS 57
5.5.1 GRID MANUFACTURERS 58
5.5.2 GRID INFRASTRUCTURE INSTALLERS 58
5.5.3 END USERS 58
5.6 TECHNOLOGY ANALYSIS 58
5.6.1 DIFFERENT TECHNOLOGIES INTEGRATED INTO POWER GRID SYSTEMS 58
5.7 KEY CONFERENCES AND EVENTS, 2023–2024 59
TABLE 3 KEY CONFERENCES AND EVENTS 59
5.8 TARIFF AND REGULATORY LANDSCAPE 60
5.8.1 TARIFF DATA FOR LOW- AND HIGH-VOLTAGE PROTECTION EQUIPMENT IMPORTED BY COUNTRIES 60
TABLE 4 IMPORT TARIFF FOR LOW-VOLTAGE PROTECTION EQUIPMENT, BY COUNTRY, 2019 60
TABLE 5 IMPORT TARIFF FOR HIGH-VOLTAGE PROTECTION EQUIPMENT, BY COUNTRY, 2019 61
5.9 POWER GRID: REGULATORY LANDSCAPE 61
TABLE 6 NORTH AMERICA: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 62
TABLE 7 EUROPE: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 63
TABLE 8 ASIA PACIFIC: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 64
TABLE 9 REST OF THE WORLD: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 65
5.10 TRADE ANALYSIS 65
5.10.1 TRADE ANALYSIS OF POWERGRID APPARATUS EXCEEDING 1,000 VOLTS USED IN SWITCHING OR PROTECTING ELECTRICAL CIRCUITS 65
5.10.2 IMPORT SCENARIO 65
TABLE 10 IMPORT SCENARIO FOR PRODUCTS COVERED UNDER HS CODE 853590, BY COUNTRY, 2019–2021 (USD) 65
5.10.3 EXPORT SCENARIO 66
TABLE 11 EXPORT SCENARIO FOR PRODUCTS COVERED UNDER HS CODE 853590, BY COUNTRY, 2019–2021 (USD) 66
5.10.4 TRADE ANALYSIS FOR POWERGRID APPARATUS NOT EXCEEDING 1,000 VOLTS USED IN SWITCHING OR PROTECTING ELECTRICAL CIRCUITS 67
5.10.5 IMPORT SCENARIO 67
TABLE 12 IMPORT SCENARIO FOR PRODUCTS COVERED UNDER HS CODE 853690, BY COUNTRY, 2019–2021 (USD) 67
5.10.6 EXPORT SCENARIO 68
TABLE 13 EXPORT SCENARIO FOR PRODUCTS COVERED UNDER HS CODE 853690, BY COUNTRY, 2019–2021 (USD) 68
5.11 PATENT ANALYSIS 69
TABLE 14 POWERGRID-RELATED INNOVATIONS AND PATENT REGISTRATIONS 69
5.12 CASE STUDY ANALYSIS 70
5.12.1 VOLTAGE AND POWER OPTIMIZATION HELP SAVE ENERGY AND REDUCE PEAK POWER 70
5.12.2 WIND POWER DEVELOPMENTS ADDRESS GRID INTEGRATION ISSUES 70
5.12.3 EXPANSION OF SMART ENERGY CORRIDOR WITH IMPROVED CYBERSECURITY 70
5.13 PORTER’S FIVE FORCES ANALYSIS 71
FIGURE 30 POWERGRID MARKET: PORTER’S FIVE FORCES ANALYSIS 71
TABLE 15 POWER GRID MARKET: PORTER’S FIVE FORCES ANALYSIS 71
5.13.1 THREAT OF NEW ENTRANTS 71
5.13.2 BARGAINING POWER OF SUPPLIERS 72
5.13.3 BARGAINING POWER OF BUYERS 72
5.13.4 THREAT OF SUBSTITUTES 72
5.13.5 INTENSITY OF COMPETITIVE RIVALRY 72
 
5.14 KEY STAKEHOLDERS AND BUYING CRITERIA 72
5.14.1 KEY STAKEHOLDERS ON BUYING PROCESS 72
FIGURE 31 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS, BY APPLICATION 72
TABLE 16 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS, BY APPLICATION (%) 73
5.14.2 BUYING CRITERIA 73
FIGURE 32 KEY BUYING CRITERIA FOR APPLICATIONS 73
TABLE 17 KEY BUYING CRITERIA, BY APPLICATION 73
5.15 PRICING ANALYSIS 74
FIGURE 33 AVERAGE SELLING PRICE OF DIFFERENT TYPES OF POWERGRID COMPONENTS OFFERED BY KEY PLAYERS 74
TABLE 18 AVERAGE SELLING PRICE OF DIFFERENT POWERGRID COMPONENTS OFFERED BY KEY PLAYERS (USD) 75
TABLE 19 PRICING ANALYSIS, BY REGION, 2022 (USD THOUSAND) 75
FIGURE 34 PRICING ANALYSIS OF TRANSFORMERS, BY REGION (2022) 75
6 POWER GRID MARKET, BY COMPONENT 76
6.1 INTRODUCTION 77
FIGURE 35 POWER GRID MARKET, BY COMPONENT, 2022 77
TABLE 20 POWER GRID MARKET, BY COMPONENT, 2021–2028 (USD BILLION) 78
6.2 CABLES 78
6.2.1 USED TO TRANSMIT AND DISTRIBUTE POWER OVER LONG DISTANCES 78
TABLE 21 CABLES: POWER GRID MARKET, BY REGION, 2021–2028 (USD BILLION) 78
6.3 VARIABLE SPEED DRIVES 79
6.3.1 UTILIZED FOR EFFICIENT CONTROL OVER SPEED AND TORQUE OF ELECTRIC MOTORS 79
TABLE 22 VARIABLE SPEED DRIVES: POWER GRID MARKET, BY REGION, 2021–2028 (USD BILLION) 79
6.4 TRANSFORMERS 79
6.4.1 NEED TO MAINTAIN STABILITY AND RELIABILITY IN GRID INFRASTRUCTURE TO DRIVE SEGMENT 79
TABLE 23 TRANSFORMERS: POWER GRID MARKET, BY REGION, 2021–2028 (USD BILLION) 80
6.5 SWITCHGEAR 80
6.5.1 NEED TO PROTECT GRID FROM POWER FLOW FAULTS TO PROPEL SEGMENT 80
TABLE 24 SWITCHGEAR: POWER GRID MARKET, BY REGION, 2021–2028 (USD BILLION) 80
6.6 OTHERS 81
6.6.1 NEED FOR RELIABLE, EFFICIENT, AND SAFE OPERATION OF EQUIPMENT IN GRID INFRASTRUCTURE TO FUEL MARKET 81
TABLE 25 OTHERS: POWER GRID MARKET, BY REGION, 2021–2028 (USD BILLION) 81
 
7 POWER GRID MARKET, BY POWER SOURCE 82
7.1 INTRODUCTION 83
FIGURE 36 POWER GRID MARKET, BY POWER SOURCE, 2022 83
TABLE 26 POWER GRID MARKET, BY POWER SOURCE, 2021–2028 (USD BILLION) 84
7.2 OIL 84
7.2.1 ADVANTAGES SUCH AS HIGH ENERGY DENSITY OF OIL TO DRIVE SEGMENT 84
TABLE 27 OIL: POWER GRID MARKET, BY REGION, 2021–2028 (USD BILLION) 84
7.3 NATURAL GAS 85
7.3.1 ABUNDANCY OF AND CLEAN SUBSTITUTION OF FOSSIL FUELS BY NATURAL GAS TO DRIVE SEGMENT 85
TABLE 28 NATURAL GAS: POWER GRID MARKET, BY REGION, 2021–2028 (USD BILLION) 85
7.4 COAL 85
7.4.1 LOW COST OF COAL AS FUEL TO DRIVE SEGMENT 85
TABLE 29 COAL: POWER GRID MARKET, BY REGION, 2021–2028 (USD BILLION) 85
7.5 HYDROELECTRIC 86
7.5.1 SUSTAINABILITY OF HYDROELECTRIC SOURCE FOR POWER GENERATION TO DRIVE SEGMENT 86
TABLE 30 HYDROELECTRIC: POWER GRID MARKET, BY REGION, 2021–2028 (USD BILLION) 86
7.6 RENEWABLES 86
7.6.1 NEED TO REDUCE CO2 EMISSIONS TO DRIVE RENEWABLES SEGMENT 86
TABLE 31 RENEWABLES: POWER GRID MARKET, BY REGION, 2021–2028 (USD BILLION) 86
7.7 OTHERS 87
7.7.1 RELIANCE ON DIFFERENT ENERGY SOURCES FOR POWER GENERATION TO DRIVE SEGMENT 87
TABLE 32 OTHERS: POWER GRID MARKET, BY REGION, 2021–2028 (USD BILLION) 87
8 POWER GRID MARKET, BY APPLICATION 88
8.1 INTRODUCTION 89
FIGURE 37 POWER GRID MARKET, BY APPLICATION, 2022 89
TABLE 33 POWER GRID MARKET, BY APPLICATION, 2021–2028 (USD BILLION) 90
8.2 GENERATION 90
8.2.1 NEED TO MEET ELECTRICITY DEMAND OF GROWING POPULATION TO DRIVE SEGMENT 90
TABLE 34 GENERATION: POWER GRID MARKET, BY REGION, 2021–2028 (USD BILLION) 90
8.3 TRANSMISSION 91
8.3.1 NEED TO MAINTAIN STABLE FREQUENCY AND VOLTAGE TO FUEL SEGMENT GROWTH 91
TABLE 35 TRANSMISSION: POWER GRID MARKET, BY REGION, 2021–2028 (USD BILLION) 91
 
8.4 DISTRIBUTION 91
8.4.1 NEED TO DELIVER GENERATED ENERGY EFFICIENTLY TO PROPEL SEGMENT 91
TABLE 36 DISTRIBUTION: POWER GRID MARKET, BY REGION, 2021–2028 (USD BILLION) 92
9 POWER GRID MARKET, BY REGION 93
9.1 INTRODUCTION 94
FIGURE 38 ASIA PACIFIC TO REGISTER HIGHEST CAGR IN POWER GRID MARKET DURING FORECAST PERIOD 94
TABLE 37 POWER GRID MARKET, BY REGION, 2021–2028 (USD BILLION) 95
TABLE 38 POWER GRID MARKET, BY REGION, 2021–2028 (UNITS) 95
9.2 ASIA PACIFIC 96
9.2.1 ASIA PACIFIC POWER GRID MARKET: RECESSION IMPACT 96
FIGURE 39 ASIA PACIFIC: POWER GRID MARKET SNAPSHOT 97
TABLE 39 ASIA PACIFIC: POWER GRID MARKET, BY COMPONENT, 2021–2028 (USD BILLION) 98
TABLE 40 ASIA PACIFIC: POWER GRID MARKET, BY POWER SOURCE, 2021–2028 (USD BILLION) 98
TABLE 41 ASIA PACIFIC: POWER GRID MARKET, BY APPLICATION, 2021–2028 (USD BILLION) 98
TABLE 42 ASIA PACIFIC: POWER GRID MARKET, BY COUNTRY, 2021–2028 (USD BILLION) 99
9.2.1.1 China 99
9.2.1.1.1 Investment in clean power generation to drive market 99
TABLE 43 CHINA: POWER GRID MARKET, BY POWER SOURCE, 2021–2028 (USD BILLION) 100
9.2.1.2 India 100
9.2.1.2.1 Rising electrification initiatives in remote areas to drive demand 100
TABLE 44 INDIA: POWER GRID MARKET, BY POWER SOURCE, 2021–2028 (USD BILLION) 101
9.2.1.3 Australia 101
9.2.1.3.1 Electrification of railroad network to drive demand for gas-insulated switchgear 101
TABLE 45 AUSTRALIA: POWER GRID MARKET, BY POWER SOURCE, 2021–2028 (USD BILLION) 102
9.2.1.4 Japan 102
9.2.1.4.1 Replacement of aging infrastructure to drive market growth 102
TABLE 46 JAPAN: POWER GRID MARKET, BY POWER SOURCE, 2021–2028 (USD BILLION) 103
9.2.1.5 South Korea 103
9.2.1.5.1 Modernization of grid infrastructure to fuel market growth 103
TABLE 47 SOUTH KOREA: POWER GRID MARKET, BY POWER SOURCE, 2021–2028 (USD BILLION) 104
9.2.1.6 Rest of Asia Pacific 104
TABLE 48 REST OF ASIA PACIFIC: POWER GRID MARKET, BY POWER SOURCE, 2021–2028 (USD BILLION) 104
9.3 EUROPE 105
FIGURE 40 EUROPE: POWER GRID MARKET SNAPSHOT 106
9.3.1 EUROPEAN POWER GRID MARKET: RECESSION IMPACT 106
TABLE 49 EUROPE: POWER GRID MARKET, BY COMPONENT, 2021–2028 (USD BILLION) 107
TABLE 50 EUROPE: POWER GRID MARKET, BY POWER SOURCE, 2021–2028 (USD BILLION) 107
TABLE 51 EUROPE: POWER GRID MARKET, BY APPLICATION, 2021–2028 (USD BILLION) 107
9.3.2 BY COUNTRY 108
TABLE 52 EUROPE: POWER GRID MARKET, BY COUNTRY, 2021–2028 (USD BILLION) 108
9.3.2.1 Germany 108
9.3.2.1.1 Developments on achieving net zero goals and modernizing grids to drive market 108
TABLE 53 GERMANY: POWER GRID MARKET, BY POWER SOURCE, 2021–2028 (USD BILLION) 109
9.3.2.2 UK 109
9.3.2.2.1 Efforts in grid modernization and upgrade to drive market 109
TABLE 54 UK: POWER GRID MARKET, BY POWER SOURCE, 2021–2028 (USD BILLION) 109
9.3.2.3 France 110
9.3.2.3.1 Decarbonization targets to propel power grid market 110
TABLE 55 FRANCE: POWER GRID MARKET, BY POWER SOURCE, 2021–2028 (USD BILLION) 110
9.3.2.4 Italy 110
9.3.2.4.1 Rising developments in power grid infrastructure to drive market 110
TABLE 56 ITALY: POWER GRID MARKET, BY POWER SOURCE, 2021–2028 (USD BILLION) 111
9.3.2.5 Spain 111
9.3.2.5.1 Targets to achieve climate goals to propel market 111
TABLE 57 SPAIN: POWER GRID MARKET, BY POWER SOURCE, 2021–2028 (USD BILLION) 111
9.3.2.6 Rest of Europe 112
TABLE 58 REST OF EUROPE: POWER GRID MARKET, BY POWER SOURCE, 2021–2028 (USD BILLION) 112
9.4 NORTH AMERICA 112
9.4.1 NORTH AMERICAN POWER GRID MARKET: RECESSION IMPACT 113
TABLE 59 NORTH AMERICA: POWER GRID MARKET, BY COMPONENT, 2021–2028 (USD BILLION) 113
TABLE 60 NORTH AMERICA: POWER GRID MARKET, BY POWER SOURCE, 2021–2028 (USD BILLION) 114
TABLE 61 NORTH AMERICA: POWER GRID MARKET, BY APPLICATION, 2021–2028 (USD BILLION) 114
TABLE 62 NORTH AMERICA: POWER GRID MARKET, BY COUNTRY, 2021–2028 (USD BILLION) 114
9.4.1.1 US 115
9.4.1.1.1 Replacement of aging power grid infrastructure to drive market growth 115
TABLE 63 US: POWER GRID MARKET, BY POWER SOURCE, 2021–2028 (USD BILLION) 115
9.4.1.2 Canada 116
9.4.1.2.1 Growing investments in renewables to drive market 116
TABLE 64 CANADA: POWER GRID MARKET, BY POWER SOURCE, 2021–2028 (USD BILLION) 116
9.4.1.3 Mexico 116
9.4.1.3.1 Deployment of smart grid technologies to support market growth 116
TABLE 65 MEXICO: POWER GRID MARKET, BY POWER SOURCE, 2021–2028 (USD BILLION) 117
9.5 MIDDLE EAST & AFRICA 117
9.5.1 MIDDLE EAST & AFRICAN POWER GRID MARKET: RECESSION IMPACT 117
TABLE 66 MIDDLE EAST & AFRICA: POWER GRID MARKET, BY COMPONENT, 2021–2028 (USD BILLION) 118
TABLE 67 MIDDLE EAST & AFRICA: POWER GRID MARKET, BY POWER SOURCE, 2021–2028 (USD BILLION) 118
TABLE 68 MIDDLE EAST & AFRICA: POWER GRID MARKET, BY APPLICATION, 2021–2028 (USD BILLION) 118
TABLE 69 MIDDLE EAST & AFRICA: POWER GRID MARKET, BY COUNTRY, 2021–2028 (USD BILLION) 119
9.5.1.1 Saudi Arabia 119
9.5.1.1.1 Developments in power generation sector to drive market 119
TABLE 70 SAUDI ARABIA: POWER GRID MARKET, BY POWER SOURCE, 2021–2028 (USD BILLION) 119
9.5.1.2 South Africa 120
9.5.1.2.1 Grid modernization programs to drive market 120
TABLE 71 SOUTH AFRICA: POWER GRID MARKET, BY POWER SOURCE, 2021–2028 (USD BILLION) 120
9.5.1.3 Egypt 120
9.5.1.3.1 Renewable energy generation projects to propel power grid market 120
TABLE 72 EGYPT: POWER GRID MARKET, BY POWER SOURCE, 2021–2028 (USD BILLION) 121
9.5.1.4 Turkey 121
9.5.1.4.1 Rising developments in renewable energy infrastructure to drive market 121
TABLE 73 TURKEY: POWER GRID MARKET, BY POWER SOURCE, 2021–2028 (USD BILLION) 121
9.5.1.5 Rest of Middle East & Africa 122
TABLE 74 REST OF MIDDLE EAST & AFRICA: POWER GRID MARKET, BY POWER SOURCE, 2021–2028 (USD BILLION) 122
 
9.6 SOUTH AMERICA 122
9.6.1 SOUTH AMERICAN POWER GRID MARKET: RECESSION IMPACT 123
TABLE 75 SOUTH AMERICA: POWER GRID MARKET, BY COMPONENT, 2021–2028 (USD BILLION) 123
TABLE 76 SOUTH AMERICA: POWER GRID MARKET, BY POWER SOURCE, 2021–2028 (USD BILLION) 123
TABLE 77 SOUTH AMERICA: POWER GRID MARKET, BY APPLICATION, 2021–2028 (USD BILLION) 124
TABLE 78 SOUTH AMERICA: POWER GRID MARKET, BY COUNTRY, 2021–2028 (USD BILLION) 124
9.6.1.1 Brazil 124
9.6.1.1.1 Developments in grid modernization and power generation sector to drive market 124
TABLE 79 BRAZIL: POWER GRID MARKET, BY POWER SOURCE, 2021–2028 (USD BILLION) 125
9.6.1.2 Argentina 125
9.6.1.2.1 Increase in installed energy capacity with renewable energy to fuel power grid market 125
TABLE 80 ARGENTINA: POWER GRID MARKET, BY POWER SOURCE, 2021–2028 (USD BILLION) 126
9.6.1.3 Rest of South America 126
TABLE 81 REST OF SOUTH AMERICA: POWER GRID MARKET, BY POWER SOURCE, 2021–2028 (USD BILLION) 126
10 COMPETITIVE LANDSCAPE 127
10.1 STRATEGIES ADOPTED BY KEY PLAYERS 127
TABLE 82 OVERVIEW OF KEY STRATEGIES ADOPTED BY TOP PLAYERS, 2018–2022 127
10.2 MARKET SHARE ANALYSIS OF TOP FIVE PLAYERS 129
TABLE 83 POWER GRID MARKET: DEGREE OF COMPETITION 129
FIGURE 41 POWER GRID MARKET SHARE ANALYSIS, 2021 130
10.3 REVENUE ANALYSIS OF TOP 5 MARKET PLAYERS 131
FIGURE 42 TOP PLAYERS IN POWER GRID MARKET FROM 2017 TO 2021 131
10.4 COMPANY EVALUATION QUADRANT 131
10.4.1 STARS 131
10.4.2 PERVASIVE PLAYERS 131
10.4.3 EMERGING LEADERS 132
10.4.4 PARTICIPANTS 132
FIGURE 43 POWER GRID MARKET (GLOBAL) COMPANY EVALUATION MATRIX, 2021 132
10.5 STARTUP/SME EVALUATION QUADRANT 133
10.5.1 PROGRESSIVE COMPANIES 133
10.5.2 RESPONSIVE COMPANIES 133
10.5.3 DYNAMIC COMPANIES 133
10.5.4 STARTING BLOCKS 133
FIGURE 44 POWER GRID MARKET: STARTUP/SME EVALUATION QUADRANT, 2021 134
 
10.6 COMPETITIVE BENCHMARKING 134
TABLE 84 POWER GRID MARKET: DETAILED LIST OF KEY STARTUPS/SMES 134
TABLE 85 POWER GRID MARKET: COMPETITIVE BENCHMARKING OF KEY STARTUPS/SMES 135
10.7 POWER GRID MARKET: COMPANY FOOTPRINT 136
TABLE 86 COMPANY FOOTPRINT, BY COMPONENT 136
TABLE 87 COMPANY FOOTPRINT, BY POWER SOURCE 137
TABLE 88 COMPANY FOOTPRINT, BY APPLICATION 138
TABLE 89 COMPANY FOOTPRINT, BY REGION 139
TABLE 90 COMPANY FOOTPRINT 140
10.8 COMPETITIVE SCENARIO 141
TABLE 91 POWER GRID MARKET: PRODUCT LAUNCHES, JANUARY 2019–FEBRUARY 2023 141
TABLE 92 POWER GRID MARKET: DEALS, JANUARY 2019–FEBRUARY 2023 141
TABLE 93 POWER GRID MARKET: OTHERS, JANUARY 2019–FEBRUARY 2023 142
11 COMPANY PROFILES 144
11.1 KEY PLAYERS 144
(Business Overview, Products/Solutions/Services offered, Recent Developments, MnM View)*
11.1.1 HITACHI ENERGY 144
TABLE 94 HITACHI ENERGY: BUSINESS OVERVIEW 144
TABLE 95 HITACHI ENERGY: PRODUCTS/SERVICES/SOLUTIONS OFFERED 144
TABLE 96 HITACHI ENERGY: DEALS 145
TABLE 97 HITACHI ENERGY: OTHERS 145
11.1.2 SIEMENS 147
TABLE 98 SIEMENS: BUSINESS OVERVIEW 147
FIGURE 45 SIEMENS: COMPANY SNAPSHOT 148
TABLE 99 SIEMENS: PRODUCTS/SERVICES/SOLUTIONS OFFERED 148
TABLE 100 SIEMENS: DEALS 149
TABLE 101 SIEMENS: OTHERS 150
11.1.3 GENERAL ELECTRIC 152
TABLE 102 GENERAL ELECTRIC: BUSINESS OVERVIEW 152
FIGURE 46 GENERAL ELECTRIC: COMPANY SNAPSHOT 153
TABLE 103 GENERAL ELECTRIC: PRODUCTS/SERVICES/SOLUTIONS OFFERED 153
TABLE 104 GENERAL ELECTRIC: PRODUCT LAUNCHES 154
TABLE 105 GENERAL ELECTRIC: DEALS 155
TABLE 106 GENERAL ELECTRIC: OTHERS 156
11.1.4 PRYSMIAN GROUP 159
TABLE 107 PRYSMIAN GROUP: BUSINESS OVERVIEW 159
FIGURE 47 PRYSMIAN GROUP: COMPANY SNAPSHOT 160
TABLE 108 PRYSMIAN GROUP: PRODUCTS/SERVICES/SOLUTIONS OFFERED 160
TABLE 109 PRYSMIAN GROUP: DEALS 161
TABLE 110 PRYSMIAN GROUP: OTHERS 162
11.1.5 NEXANS 167
TABLE 111 NEXANS: BUSINESS OVERVIEW 167
FIGURE 48 NEXANS: COMPANY SNAPSHOT 168
TABLE 112 NEXANS: PRODUCTS/SERVICES/SOLUTIONS OFFERED 168
TABLE 113 NEXANS: DEALS 169
TABLE 114 NEXANS: OTHERS 170
11.1.6 SCHNEIDER ELECTRIC 174
TABLE 115 SCHNEIDER ELECTRIC: COMPANY OVERVIEW 174
FIGURE 49 SCHNEIDER ELECTRIC: COMPANY SNAPSHOT 175
TABLE 116 SCHNEIDER ELECTRIC: PRODUCTS/SERVICES/SOLUTIONS OFFERED 175
TABLE 117 SCHNEIDER ELECTRIC: PRODUCT LAUNCHES 176
TABLE 118 SCHNEIDER ELECTRIC: DEALS 177
TABLE 119 SCHNEIDER ELECTRIC: OTHERS 177
11.1.7 MITSUBISHI ELECTRIC 178
TABLE 120 MITSUBISHI ELECTRIC: COMPANY OVERVIEW 178
FIGURE 50 MITSUBISHI ELECTRIC: COMPANY SNAPSHOT, 2022 179
TABLE 121 MITSUBISHI ELECTRIC: PRODUCTS/SERVICES/SOLUTIONS OFFERED 179
TABLE 122 MITSUBISHI ELECTRIC: DEALS 180
11.1.8 EATON 181
TABLE 123 EATON: COMPANY OVERVIEW 181
FIGURE 51 EATON: COMPANY SNAPSHOT 182
TABLE 124 EATON: PRODUCTS/SERVICES/SOLUTIONS OFFERED 182
TABLE 125 EATON: DEALS 183
TABLE 126 EATON: OTHERS 184
11.1.9 ABB 185
TABLE 127 ABB: BUSINESS OVERVIEW 185
FIGURE 52 ABB: COMPANY SNAPSHOT 186
TABLE 128 ABB: PRODUCTS/SERVICES/SOLUTIONS OFFERED 186
TABLE 129 ABB: PRODUCT LAUNCHES 187
TABLE 130 ABB: DEALS 187
TABLE 131 ABB: OTHERS 188
11.1.10 POWELL INDUSTRIES 192
TABLE 132 POWELL INDUSTRIES: COMPANY OVERVIEW 192
FIGURE 53 POWELL INDUSTRIES: COMPANY SNAPSHOT 192
TABLE 133 POWELL INDUSTRIES: PRODUCTS/SERVICES/SOLUTIONS OFFERED 193
11.1.11 HAVELLS 194
TABLE 134 HAVELLS: COMPANY OVERVIEW 194
FIGURE 54 HAVELLS: COMPANY SNAPSHOT 195
TABLE 135 HAVELLS: PRODUCTS/SERVICES/SOLUTIONS OFFERED 195
 
11.1.12 LS ELECTRIC 196
TABLE 136 LS ELECTRIC CO LTD: COMPANY OVERVIEW 196
FIGURE 55 LS ELECTRIC CO LTD: COMPANY SNAPSHOT 196
TABLE 137 LS ELECTRIC CO LTD: PRODUCTS/SERVICES/SOLUTIONS OFFERED 197
TABLE 138 LS ELECTRIC: OTHERS 197
11.1.13 HUBBELL 198
TABLE 139 HUBBELL: COMPANY OVERVIEW 198
FIGURE 56 HUBBELL: COMPANY SNAPSHOT 199
TABLE 140 HUBBELL: PRODUCTS/SERVICES/SOLUTIONS OFFERED 199
11.1.14 TOSHIBA ENERGY SYSTEM & SOLUTIONS CORPORATION 200
TABLE 141 TOSHIBA ENERGY SYSTEM & SOLUTIONS CORPORATION: COMPANY OVERVIEW 200
TABLE 142 TOSHIBA ENERGY SYSTEM & SOLUTIONS CORPORATION: PRODUCTS/SERVICES/SOLUTIONS OFFERED 200
TABLE 143 TOSHIBA ENERGY SYSTEM & SOLUTIONS CORPORATION: DEALS 201
TABLE 144 TOSHIBA ENERGY SYSTEM & SOLUTIONS CORPORATION: OTHERS 202
11.1.15 FUJI ELECTRIC 203
TABLE 145 FUJI ELECTRIC: COMPANY OVERVIEW 203
FIGURE 57 FUJI ELECTRIC: COMPANY SNAPSHOT 204
TABLE 146 FUJI ELECTRIC: PRODUCTS/SERVICES/SOLUTIONS OFFERED 204
11.2 OTHER PLAYERS 205
11.2.1 SUMITOMO ELECTRIC 205
11.2.2 NKT 205
11.2.3 HYUNDAI ELECTRIC & ENERGY SYSTEMS CO., LTD. 206
11.2.4 SECHERON 206
11.2.5 SOUTHWIRE COMPANY 207
*Details on Business Overview, Products/Solutions/Services offered, Recent Developments, MnM View might not be captured in case of unlisted companies.
12 APPENDIX 208
12.1 INSIGHTS FROM INDUSTRY EXPERTS 208
12.2 DISCUSSION GUIDE 208
12.3 KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL 212
12.4 CUSTOMIZATION OPTIONS 214
12.5 RELATED REPORTS 214
12.6 AUTHOR DETAILS 215