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Smart Grid Networking

A Global Strategic Business Report

MCP14809

RESEARCH DASHBOARD

OCT 2025

RELEASE DATE

19636

EXECUTIVE POOL

5850

PRICE

1964

EXPERT INPUTS

12

COMPANIES

123

DATA TABLES

179

PAGES

6

EDITION
WHAT'S BEHIND OUR DATA?

140857226

DOMAIN TRANSCRIPTS

6080276

BRANDS TRACKED

1729341

FEATURED COMPANIES

22574

TOPICS COVERED

82719

MARKET SEGMENTS

91

KEY INDUSTRIES

1574

CURATION TEAM

4761909

DECISION MAKERS
EXECUTIVE ENGAGEMENTS BY TIER (13361)

1271

CXO

1422

VICE PRESIDENT

2049

DIRECTOR

7029

MANAGER

1590

MARKETING
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HIGHLIGHTS & REPORT INDEX

Global Smart Grid Networking Market to Reach US$44.9 Billion by 2030

The global market for Smart Grid Networking estimated at US$27.3 Billion in the year 2024, is expected to reach US$44.9 Billion by 2030, growing at a CAGR of 8.6% over the analysis period 2024-2030. Hardware, one of the segments analyzed in the report, is expected to record a 7.5% CAGR and reach US$19.5 Billion by the end of the analysis period. Growth in the Software segment is estimated at 8.9% CAGR over the analysis period.

The U.S. Market is Estimated at US$7.4 Billion While China is Forecast to Grow at 8.2% CAGR

The Smart Grid Networking market in the U.S. is estimated at US$7.4 Billion in the year 2024. China, the world`s second largest economy, is forecast to reach a projected market size of US$7.0 Billion by the year 2030 trailing a CAGR of 8.2% over the analysis period 2024-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 7.6% and 7.3% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 6.8% CAGR.

Global Smart Grid Networking Market - Key Trends and Drivers Summarized

Smart Grid Networking: Building the Backbone of the Future Energy Landscape

Smart grid networking is at the core of modern energy management, providing reliable, secure, and efficient communication channels between grid components, such as smart meters, substations, and control centers. By enabling real-time data exchange, smart grid networking facilitates advanced functionalities like load balancing, demand response, and outage management. Utilities rely on robust networking infrastructure to monitor grid performance, optimize energy distribution, and enhance grid resilience. The increasing deployment of smart meters, IoT devices, and advanced communication technologies is driving the adoption of smart grid networking solutions to meet the growing demand for efficient and reliable energy management.

What Are the Emerging Trends Shaping the Smart Grid Networking Market?
Emerging trends such as 5G connectivity, private LTE networks, and advanced mesh networking are transforming the smart grid networking landscape. The rollout of 5G technology is expected to provide ultra-low latency and high-speed data transmission, enabling real-time monitoring and control of grid operations. The adoption of private LTE networks offers utilities enhanced security, coverage, and control over their communication infrastructure. Additionally, advanced mesh networks are gaining traction due to their self-healing capabilities, ensuring continuous data flow even in the event of network failures. These trends are significantly improving the reliability, scalability, and flexibility of smart grid networks, paving the way for more connected and resilient energy systems.

Which Segments Are Driving the Smart Grid Networking Market?
Key components include routers, switches, gateways, and communication modules, with communication modules leading the market due to their critical role in enabling secure and reliable data transmission. Communication technologies range from RF mesh and PLC to cellular and fiber optics, with RF mesh dominating due to its suitability for dense urban environments. Applications cover power generation, transmission, and distribution, with distribution networks holding the largest share due to the increasing deployment of smart meters and advanced distribution management systems. North America and Europe are the largest markets, driven by grid modernization efforts and regulatory mandates, while Asia-Pacific is emerging rapidly due to smart city initiatives and investments in smart grid infrastructure.

What Factors Are Driving the Growth in the Smart Grid Networking Market?
The growth in the smart grid networking market is driven by several factors, including the rising demand for secure and reliable communication networks in smart grids, the increasing deployment of advanced metering infrastructure (AMI), and the growing need for grid resilience and reliability. The adoption of 5G technology, the integration of IoT and M2M communication, and the use of advanced mesh networks and private LTE networks are propelling market growth. Moreover, investments in grid modernization, the development of decentralized energy systems and microgrids, and the increasing collaboration between utilities and telecom providers are supporting market expansion. The need for network interoperability and integration with legacy systems is also driving innovation in smart grid networking solutions.

SCOPE OF STUDY

The report analyzes the Smart Grid Networking market by the following Segments, and Geographic Regions/Countries:

Segments:

Component (Hardware, Software, Services).

Geographic Regions/Countries:

World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; and Rest of Europe); Asia-Pacific; Rest of World..

SELECT PLAYERS

ABB Group; Cisco Systems, Inc.; Fujitsu Ltd.; General Electric Company; Huawei Technologies Co., Ltd.; Itron, Inc.; Mitsubishi Electric Corporation; Schneider Electric SA; Siemens AG; Silver Spring Networks, Inc.

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TARIFF IMPACT FACTOR

Our new release incorporates impact of tariffs on geographical markets as we predict a shift in competitiveness of companies based on HQ country, manufacturing base, exports and imports (finished goods and OEM). This intricate and multifaceted market reality will impact competitors by increasing the Cost of Goods Sold (COGS), reducing profitability, reconfiguring supply chains, amongst other micro and macro market dynamics.

TABLE OF CONTENTS

1. MARKET OVERVIEW
Influencer Market Insights
Tariff Impact on Global Supply Chain Patterns
Global Economic Update
Smart Grid Networking – Global Key Competitors Percentage Market Share in 2024 (E)
Competitive Market Presence - Strong/Active/Niche/Trivial for 12 Players Worldwide in 2024 (E)
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
Growing Demand for Reliable and Secure Communication Networks in Smart Grids Drives Market Growth
Advancements in IoT and M2M Communication Propel Smart Grid Networking Solutions
Increasing Deployment of Advanced Metering Infrastructure (AMI) Expands Market Opportunity
Rising Focus on Grid Resilience and Reliability Strengthens Business Case for Smart Grid Networking
Emergence of 5G Technology Supports the Evolution of Smart Grid Networking Solutions
Growing Need for Real-Time Data Transmission and Monitoring Drives Adoption
Expansion of Smart Cities Initiatives Spurs Demand for Advanced Grid Networking Infrastructure
Increasing Use of Mesh Networks and Private LTE Networks Enhances Market Competitiveness
Rising Investments in Grid Modernization and Digital Transformation Fuels Market Growth
Focus on Network Interoperability and Integration with Legacy Systems Supports Market Expansion
Adoption of Edge Computing and Fog Computing in Smart Grid Networking Drives Innovation
Increasing Use of Network Management and Monitoring Solutions in Smart Grids Enhances Efficiency
Focus on Advanced Communication Protocols and Standards Strengthens Market Potential
4. GLOBAL MARKET PERSPECTIVE
World Smart Grid Networking Market Analysis of Annual Sales in US$ Million for Years 2015 through 2030
World Recent Past, Current & Future Analysis for Smart Grid Networking by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2024 through 2030 and % CAGR
World 6-Year Perspective for Smart Grid Networking by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets for Years 2025 & 2030
World Recent Past, Current & Future Analysis for Hardware by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2024 through 2030 and % CAGR
World 6-Year Perspective for Hardware by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2025 & 2030
World Recent Past, Current & Future Analysis for Software by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2024 through 2030 and % CAGR
World 6-Year Perspective for Software by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2025 & 2030
World Recent Past, Current & Future Analysis for Services by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2024 through 2030 and % CAGR
World 6-Year Perspective for Services by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2025 & 2030
UNITED STATES
Smart Grid Networking Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United States for 2025 (E)
USA Recent Past, Current & Future Analysis for Smart Grid Networking by Component - Hardware, Software and Services - Independent Analysis of Annual Sales in US$ Million for the Years 2024 through 2030 and % CAGR
USA 6-Year Perspective for Smart Grid Networking by Component - Percentage Breakdown of Value Sales for Hardware, Software and Services for the Years 2025 & 2030
CANADA
Canada Recent Past, Current & Future Analysis for Smart Grid Networking by Component - Hardware, Software and Services - Independent Analysis of Annual Sales in US$ Million for the Years 2024 through 2030 and % CAGR
Canada 6-Year Perspective for Smart Grid Networking by Component - Percentage Breakdown of Value Sales for Hardware, Software and Services for the Years 2025 & 2030
JAPAN
Smart Grid Networking Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Japan for 2025 (E)
Japan Recent Past, Current & Future Analysis for Smart Grid Networking by Component - Hardware, Software and Services - Independent Analysis of Annual Sales in US$ Million for the Years 2024 through 2030 and % CAGR
Japan 6-Year Perspective for Smart Grid Networking by Component - Percentage Breakdown of Value Sales for Hardware, Software and Services for the Years 2025 & 2030
CHINA
Smart Grid Networking Market Presence - Strong/Active/Niche/Trivial - Key Competitors in China for 2025 (E)
China Recent Past, Current & Future Analysis for Smart Grid Networking by Component - Hardware, Software and Services - Independent Analysis of Annual Sales in US$ Million for the Years 2024 through 2030 and % CAGR
China 6-Year Perspective for Smart Grid Networking by Component - Percentage Breakdown of Value Sales for Hardware, Software and Services for the Years 2025 & 2030
EUROPE
Smart Grid Networking Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Europe for 2025 (E)
Europe Recent Past, Current & Future Analysis for Smart Grid Networking by Geographic Region - France, Germany, Italy, UK and Rest of Europe Markets - Independent Analysis of Annual Sales in US$ Million for Years 2024 through 2030 and % CAGR
Europe 6-Year Perspective for Smart Grid Networking by Geographic Region - Percentage Breakdown of Value Sales for France, Germany, Italy, UK and Rest of Europe Markets for Years 2025 & 2030
Europe Recent Past, Current & Future Analysis for Smart Grid Networking by Component - Hardware, Software and Services - Independent Analysis of Annual Sales in US$ Million for the Years 2024 through 2030 and % CAGR
Europe 6-Year Perspective for Smart Grid Networking by Component - Percentage Breakdown of Value Sales for Hardware, Software and Services for the Years 2025 & 2030
FRANCE
Smart Grid Networking Market Presence - Strong/Active/Niche/Trivial - Key Competitors in France for 2025 (E)
France Recent Past, Current & Future Analysis for Smart Grid Networking by Component - Hardware, Software and Services - Independent Analysis of Annual Sales in US$ Million for the Years 2024 through 2030 and % CAGR
France 6-Year Perspective for Smart Grid Networking by Component - Percentage Breakdown of Value Sales for Hardware, Software and Services for the Years 2025 & 2030
GERMANY
Smart Grid Networking Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Germany for 2025 (E)
Germany Recent Past, Current & Future Analysis for Smart Grid Networking by Component - Hardware, Software and Services - Independent Analysis of Annual Sales in US$ Million for the Years 2024 through 2030 and % CAGR
Germany 6-Year Perspective for Smart Grid Networking by Component - Percentage Breakdown of Value Sales for Hardware, Software and Services for the Years 2025 & 2030
ITALY
Italy Recent Past, Current & Future Analysis for Smart Grid Networking by Component - Hardware, Software and Services - Independent Analysis of Annual Sales in US$ Million for the Years 2024 through 2030 and % CAGR
Italy 6-Year Perspective for Smart Grid Networking by Component - Percentage Breakdown of Value Sales for Hardware, Software and Services for the Years 2025 & 2030
UNITED KINGDOM
Smart Grid Networking Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United Kingdom for 2025 (E)
UK Recent Past, Current & Future Analysis for Smart Grid Networking by Component - Hardware, Software and Services - Independent Analysis of Annual Sales in US$ Million for the Years 2024 through 2030 and % CAGR
UK 6-Year Perspective for Smart Grid Networking by Component - Percentage Breakdown of Value Sales for Hardware, Software and Services for the Years 2025 & 2030
REST OF EUROPE
Rest of Europe Recent Past, Current & Future Analysis for Smart Grid Networking by Component - Hardware, Software and Services - Independent Analysis of Annual Sales in US$ Million for the Years 2024 through 2030 and % CAGR
Rest of Europe 6-Year Perspective for Smart Grid Networking by Component - Percentage Breakdown of Value Sales for Hardware, Software and Services for the Years 2025 & 2030
ASIA-PACIFIC
Smart Grid Networking Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Asia-Pacific for 2025 (E)
Asia-Pacific Recent Past, Current & Future Analysis for Smart Grid Networking by Component - Hardware, Software and Services - Independent Analysis of Annual Sales in US$ Million for the Years 2024 through 2030 and % CAGR
Asia-Pacific 6-Year Perspective for Smart Grid Networking by Component - Percentage Breakdown of Value Sales for Hardware, Software and Services for the Years 2025 & 2030
REST OF WORLD
Rest of World Recent Past, Current & Future Analysis for Smart Grid Networking by Component - Hardware, Software and Services - Independent Analysis of Annual Sales in US$ Million for the Years 2024 through 2030 and % CAGR
Rest of World 6-Year Perspective for Smart Grid Networking by Component - Percentage Breakdown of Value Sales for Hardware, Software and Services for the Years 2025 & 2030

COMPETITIVE METRICS

COMPETITORS (ALPHABETICAL)

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