Grid Modernization Market Report 2026
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Published : January 2026

Pages : 200

Format : PDF

Delivery Time : 2-3 Business Days

Report Price : $4490.00

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Grid Modernization Market Report 2026

Global Outlook – By Component (Hardware, Software, Services), By Application (Residential, Commercial, Industrial), By End-User (Utilities, Independent Power Producers (IPPs), Government And Municipalities) – Market Size, Trends, Strategies, and Forecast to 2035

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 $38.91 billion in 2025

• Expected to grow to $81.97 billion in 2030 at a compound annual growth rate (CAGR) of 16%

• 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 2025 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 report bar graph

What Is The Grid Modernization Market Size and Share 2026?

The grid modernization market size has grown rapidly in recent years. It will grow from $38.91 billion in 2025 to $45.23 billion in 2026 at a compound annual growth rate (CAGR) of 16.2%. The growth in the historic period can be attributed to growing electricity demand, aging grid infrastructure, increasing renewable energy integration, government incentives for smart grids, advancements in communication and sensor technologies.

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 $81.97 billion in 2030 at a compound annual growth rate (CAGR) of 16.0%. The growth in the forecast period can be attributed to rising adoption of ai and analytics for grid optimization, expansion of renewable energy capacity, deployment of smart meters and sensors, increased investment in grid resilience, integration with electric mobility and energy storage solutions. Major trends in the forecast period include integration of smart grid hardware components, adoption of advanced energy management software, implementation of predictive maintenance solutions, expansion of distributed energy resource management, deployment of grid automation and monitoring systems.

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Global Grid Modernization Market Segmentation

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 The Driver Of The Grid Modernization Market?

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.

Key Players In The Global Grid Modernization Market

Major companies operating in the grid modernization market are Hitachi Energy Ltd., Siemens AG, Schneider Electric SE, ABB Ltd., Mitsubishi Electric Corporation, General Electric Company, Eaton Corporation plc, Toshiba Corporation, Honeywell International Inc., Oracle Corporation, Cisco Systems Inc., Itron Inc., Kamstrup A/S, Trilliant Holdings Inc., Tantalus Systems Holding Inc., Fluentgrid Limited, eSmart Systems AS, Landis+Gyr Group AG, Open Systems International Inc., Alstom SA, CG Power and Industrial Solutions Ltd., Larsen & Toubro Limited

Global Grid Modernization Market Trends and Insights

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?

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.

Regional Outlook

North America was the largest region in the grid modernization market in 2025. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in this market report are Asia-Pacific, South East Asia, 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, Taiwan, 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 Key Data and Analysis Are Included in the Grid Modernization Market Report 2026?

The grid modernization market research report is one of a series of new reports from The Business Research Company that provides market statistics, including Market Report 2026?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 Market Report 2026? 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 Market Report 2026?

Author : Girish Kavali

Grid Modernization Market Report Forecast Analysis

Report AttributeDetails
Market Size Value In 2026 $45.23 billion
Revenue Forecast In 2035 $81.97 billion
Growth Rate CAGR of 16.2% from 2026 to 2035
Base Year For Estimation 2025
Actual Estimates/Historical Data 2020-2025
Forecast Period 2026 - 2030 - 2035
Market Representation Revenue in USD Billion and CAGR from 2026 to 2035
Segments Covered Component, Application, End-User
Regional Scope Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Country Scope The countries covered in the report are Australia, Brazil, China, France, Germany, India, ...
Key Companies Profiled Hitachi Energy Ltd., Siemens AG, Schneider Electric SE, ABB Ltd., Mitsubishi Electric Corporation, General Electric Company, Eaton Corporation plc, Toshiba Corporation, Honeywell International Inc., Oracle Corporation, Cisco Systems Inc., Itron Inc., Kamstrup A/S, Trilliant Holdings Inc., Tantalus Systems Holding Inc., Fluentgrid Limited, eSmart Systems AS, Landis+Gyr Group AG, Open Systems International Inc., Alstom SA, CG Power and Industrial Solutions Ltd., Larsen & Toubro Limited
Customization ScopeRequest for Customization
Pricing And Purchase OptionsExplore Purchase Options

Table Of Contents

1. Executive Summary

1.1. Key Market Insights (2020-2035)

1.2. Visual Dashboard: Market Size, Growth Rate, Hotspots

1.3. Major Factors Driving the Market

1.4. Top Three Trends Shaping the Market

2. Grid Modernization Market Characteristics

2.1. Market Definition & Scope

2.2. Market Segmentations

2.3. Overview of Key Products and Services

2.4. Global Grid Modernization Market Attractiveness Scoring And Analysis

2.4.1. Overview of Market Attractiveness Framework

2.4.2. Quantitative Scoring Methodology

2.4.3. Factor-Wise Evaluation

Growth Potential Analysis, Competitive Dynamics Assessment, Strategic Fit Assessment And Risk Profile Evaluation

2.4.4. Market Attractiveness Scoring and Interpretation

2.4.5. Strategic Implications and Recommendations

3. Grid Modernization Market Supply Chain Analysis

3.1. Overview of the Supply Chain and Ecosystem

3.2. List Of Key Raw Materials, Resources & Suppliers

3.3. List Of Major Distributors and Channel Partners

3.4. List Of Major End Users

4. Global Grid Modernization Market Trends And Strategies

4.1. Key Technologies & Future Trends

4.1.1 Artificial Intelligence & Autonomous Intelligence

4.1.2 Sustainability, Climate Tech & Circular Economy

4.1.3 Internet Of Things (Iot), Smart Infrastructure & Connected Ecosystems

4.1.4 Digitalization, Cloud, Big Data & Cybersecurity

4.1.5 Industry 4.0 & Intelligent Manufacturing

4.2. Major Trends

4.2.1 Integration Of Smart Grid Hardware Components

4.2.2 Adoption Of Advanced Energy Management Software

4.2.3 Implementation Of Predictive Maintenance Solutions

4.2.4 Expansion Of Distributed Energy Resource Management

4.2.5 Deployment Of Grid Automation And Monitoring Systems

5. Grid Modernization Market Analysis Of End Use Industries

5.1 Utilities

5.2 Independent Power Producers (Ipps)

5.3 Government And Municipalities

5.4 Industrial Facilities

5.5 Commercial Buildings

6. Grid Modernization Market - Macro Economic Scenario Including The Impact Of Interest Rates, Inflation, Geopolitics, Trade Wars and Tariffs, Supply Chain Impact from Tariff War & Trade Protectionism, And Covid And Recovery On The Market

7. Global Grid Modernization Strategic Analysis Framework, Current Market Size, Market Comparisons And Growth Rate Analysis

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

7.2. Global Grid Modernization Market Size, Comparisons And Growth Rate Analysis

7.3. Global Grid Modernization Historic Market Size and Growth, 2020 - 2025, Value ($ Billion)

7.4. Global Grid Modernization Forecast Market Size and Growth, 2025 - 2030, 2035F, Value ($ Billion)

8. Global Grid Modernization Total Addressable Market (TAM) Analysis for the Market

8.1. Definition and Scope of Total Addressable Market (TAM)

8.2. Methodology and Assumptions

8.3. Global Total Addressable Market (TAM) Estimation

8.4. TAM vs. Current Market Size Analysis

8.5. Strategic Insights and Growth Opportunities from TAM Analysis

9. Grid Modernization Market Segmentation

9.1. Global Grid Modernization Market, Segmentation By Component, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

Hardware, Software, Services

9.2. Global Grid Modernization Market, Segmentation By Application, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

Residential, Commercial, Industrial

9.3. Global Grid Modernization Market, Segmentation By End-User, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

Utilities, Independent Power Producers (IPPs), Government And Municipalities

9.4. Global Grid Modernization Market, Sub-Segmentation Of Hardware, By Type, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

Smart Meters, Circuit Breakers, Switchgear, Transformers, Sensors, Communication Equipment, Distribution Automation Devices

9.5. Global Grid Modernization Market, Sub-Segmentation Of Software, By Type, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

Advanced Distribution Management Systems (ADMS), Energy Management Systems (EMS), Grid Operations And Control Software, SCADA Systems, Analytics Software, Forecasting And Optimization Software

9.6. Global Grid Modernization Market, Sub-Segmentation Of Services, By Type, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

Consulting Services, Integration And Deployment Services, Maintenance And Support Services, Managed Services, Training And Certification Services

10. Grid Modernization Market Regional And Country Analysis

10.1. Global Grid Modernization Market, Split By Region, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

10.2. Global Grid Modernization Market, Split By Country, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

11. Asia-Pacific Grid Modernization Market

11.1. 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

11.2. Asia-Pacific Grid Modernization Market, Segmentation By Component, Segmentation By Application, Segmentation By End-User, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

12. China Grid Modernization Market

12.1. China Grid Modernization Market Overview

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

12.2. China Grid Modernization Market, Segmentation By Component, Segmentation By Application, Segmentation By End-User, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

13. India Grid Modernization Market

13.1. India Grid Modernization Market, Segmentation By Component, Segmentation By Application, Segmentation By End-User, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

14. Japan Grid Modernization Market

14.1. Japan Grid Modernization Market Overview

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

14.2. Japan Grid Modernization Market, Segmentation By Component, Segmentation By Application, Segmentation By End-User, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

15. Australia Grid Modernization Market

15.1. Australia Grid Modernization Market, Segmentation By Component, Segmentation By Application, Segmentation By End-User, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

16. Indonesia Grid Modernization Market

16.1. Indonesia Grid Modernization Market, Segmentation By Component, Segmentation By Application, Segmentation By End-User, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

17. South Korea Grid Modernization Market

17.1. South Korea Grid Modernization Market Overview

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

17.2. South Korea Grid Modernization Market, Segmentation By Component, Segmentation By Application, Segmentation By End-User, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

18. Taiwan Grid Modernization Market

18.1. Taiwan Grid Modernization Market Overview

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

18.2. Taiwan Grid Modernization Market, Segmentation By Component, Segmentation By Application, Segmentation By End-User, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

19. South East Asia Grid Modernization Market

19.1. South East Asia 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

19.2. South East Asia Grid Modernization Market, Segmentation By Component, Segmentation By Application, Segmentation By End-User, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

20. Western Europe Grid Modernization Market

20.1. Western Europe 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

20.2. Western Europe Grid Modernization Market, Segmentation By Component, Segmentation By Application, Segmentation By End-User, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

21. UK Grid Modernization Market

21.1. UK Grid Modernization Market, Segmentation By Component, Segmentation By Application, Segmentation By End-User, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

22. Germany Grid Modernization Market

22.1. Germany Grid Modernization Market, Segmentation By Component, Segmentation By Application, Segmentation By End-User, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

23. France Grid Modernization Market

23.1. France Grid Modernization Market, Segmentation By Component, Segmentation By Application, Segmentation By End-User, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

24. Italy Grid Modernization Market

24.1. Italy Grid Modernization Market, Segmentation By Component, Segmentation By Application, Segmentation By End-User, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

25. Spain Grid Modernization Market

25.1. Spain Grid Modernization Market, Segmentation By Component, Segmentation By Application, Segmentation By End-User, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

26. Eastern Europe Grid Modernization Market

26.1. Eastern Europe 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

26.2. Eastern Europe Grid Modernization Market, Segmentation By Component, Segmentation By Application, Segmentation By End-User, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

27. Russia Grid Modernization Market

27.1. Russia Grid Modernization Market, Segmentation By Component, Segmentation By Application, Segmentation By End-User, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

28. North America Grid Modernization Market

28.1. North America 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

28.2. North America Grid Modernization Market, Segmentation By Component, Segmentation By Application, Segmentation By End-User, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

29. USA Grid Modernization Market

29.1. USA Grid Modernization Market Overview

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

29.2. USA Grid Modernization Market, Segmentation By Component, Segmentation By Application, Segmentation By End-User, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

30. Canada Grid Modernization Market

30.1. Canada Grid Modernization Market Overview

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

30.2. Canada Grid Modernization Market, Segmentation By Component, Segmentation By Application, Segmentation By End-User, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

31. South America Grid Modernization Market

31.1. South America 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

31.2. South America Grid Modernization Market, Segmentation By Component, Segmentation By Application, Segmentation By End-User, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

32. Brazil Grid Modernization Market

32.1. Brazil Grid Modernization Market, Segmentation By Component, Segmentation By Application, Segmentation By End-User, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

33. Middle East Grid Modernization Market

33.1. Middle East 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

33.2. Middle East Grid Modernization Market, Segmentation By Component, Segmentation By Application, Segmentation By End-User, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

34. Africa Grid Modernization Market

34.1. Africa 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

34.2. Africa Grid Modernization Market, Segmentation By Component, Segmentation By Application, Segmentation By End-User, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

35. Grid Modernization Market Regulatory and Investment Landscape

36. Grid Modernization Market Competitive Landscape And Company Profiles

36.1. Grid Modernization Market Competitive Landscape And Market Share 2024

36.1.1. Top 10 Companies (Ranked by revenue/share)

36.2. Grid Modernization Market - Company Scoring Matrix

36.2.1. Market Revenues

36.2.2. Product Innovation Score

36.2.3. Brand Recognition

36.3. Grid Modernization Market Company Profiles

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

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

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

36.3.4. ABB Ltd. Overview, Products and Services, Strategy and Financial Analysis

36.3.5. Mitsubishi Electric Corporation Overview, Products and Services, Strategy and Financial Analysis

37. Grid Modernization Market Other Major And Innovative Companies

General Electric Company, Eaton Corporation plc, Toshiba Corporation, Honeywell International Inc., Oracle Corporation, Cisco Systems Inc., Itron Inc., Kamstrup A/S, Trilliant Holdings Inc., Tantalus Systems Holding Inc., Fluentgrid Limited, eSmart Systems AS, Landis+Gyr Group AG, Open Systems International Inc., Alstom SA

38. Global Grid Modernization Market Competitive Benchmarking And Dashboard

39. Key Mergers And Acquisitions In The Grid Modernization Market

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

40.1 Grid Modernization Market In 2030 - Countries Offering Most New Opportunities

40.2 Grid Modernization Market In 2030 - Segments Offering Most New Opportunities

40.3 Grid Modernization Market In 2030 - Growth Strategies

40.3.1 Market Trend Based Strategies

40.3.2 Competitor Strategies

41. Appendix

41.1. Abbreviations

41.2. Currencies

41.3. Historic And Forecast Inflation Rates

41.4. Research Inquiries

41.5. The Business Research Company

41.6. Copyright And Disclaimer

List Of Tables

    Table 1: Global Grid Modernization Market, Overview Of Key Products - Product Examples
  • Table 2: Global Grid Modernization Market Attractiveness, Factor-Wise Evaluation
  • Table 3: Global Grid Modernization Market, Supply Chain Analysis
  • Table 4: Global Grid Modernization Market, Major Raw Material Providers
  • Table 5: Global Grid Modernization Market, Major Resource Providers
  • Table 6: Global Grid Modernization Market, Major Manufacturers (Suppliers)
  • Table 7: Global Grid Modernization Market, Major Distributors And Channel Partners
  • Table 8: Global Grid Modernization Market, Key Technologies & Future Trends
  • Table 9: Global Grid Modernization Market, Major Trends
  • Table 10: Global Grid Modernization Market, Major End Users
  • Table 11: Global Grid Modernization Market, PESTEL (Political, Economic, Social, Technology, Environmental and Legal) Analysis
  • Table 12: Global Grid Modernization Historic Market Growth, 2020-2025, $ Billion
  • Table 13: Global Grid Modernization Forecast Market Growth, 2025-2030F, 2035F, $ Billion
  • Table 14: Global Grid Modernization Market - TAM, US$ Billion, 2025
  • Table 15: Global Grid Modernization Market, Segmentation By Component, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion
  • Table 16: Global Grid Modernization Market, Segmentation By Application, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion
  • Table 17: Global Grid Modernization Market, Segmentation By End-User, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion
  • Table 18: Global Grid Modernization Market, Sub-Segmentation Of Hardware, By Type, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion
  • Table 19: Global Grid Modernization Market, Sub-Segmentation Of Software, By Type, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion
  • Table 20: Global Grid Modernization Market, Sub-Segmentation Of Services, By Type, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion
  • Table 21: Global Grid Modernization Market, Split By Region, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion
  • Table 22: Global Grid Modernization Market, Split By Country, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion
  • Table 23: Asia-Pacific, Grid Modernization Market, Segmentation By Component, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion
  • Table 24: Asia-Pacific, Grid Modernization Market, Segmentation By Application, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion
  • Table 25: Asia-Pacific, Grid Modernization Market, Segmentation By End-User, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion
  • Table 26: China, Grid Modernization Market, Segmentation By Component, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion
  • Table 27: China, Grid Modernization Market, Segmentation By Application, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion
  • Table 28: China, Grid Modernization Market, Segmentation By End-User, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion
  • Table 29: India, Grid Modernization Market, Segmentation By Component, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion
  • Table 30: India, Grid Modernization Market, Segmentation By Application, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion
  • Table 31: India, Grid Modernization Market, Segmentation By End-User, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion
  • Table 32: Japan, Grid Modernization Market, Segmentation By Component, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion
  • Table 33: Japan, Grid Modernization Market, Segmentation By Application, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion
  • Table 34: Japan, Grid Modernization Market, Segmentation By End-User, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion
  • Table 35: Australia, Grid Modernization Market, Segmentation By Component, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion
  • Table 36: Australia, Grid Modernization Market, Segmentation By Application, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion
  • Table 37: Australia, Grid Modernization Market, Segmentation By End-User, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion
  • Table 38: Indonesia, Grid Modernization Market, Segmentation By Component, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion
  • Table 39: Indonesia, Grid Modernization Market, Segmentation By Application, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion
  • Table 40: Indonesia, Grid Modernization Market, Segmentation By End-User, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion
  • Table 41: South Korea, Grid Modernization Market, Segmentation By Component, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion
  • Table 42: South Korea, Grid Modernization Market, Segmentation By Application, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion
  • Table 43: South Korea, Grid Modernization Market, Segmentation By End-User, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion
  • Table 44: Taiwan, Grid Modernization Market, Segmentation By Component, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion
  • Table 45: Taiwan, Grid Modernization Market, Segmentation By Application, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion
  • Table 46: Taiwan, Grid Modernization Market, Segmentation By End-User, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion
  • Table 47: South East Asia, Grid Modernization Market, Segmentation By Component, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion
  • Table 48: South East Asia, Grid Modernization Market, Segmentation By Application, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion
  • Table 49: South East Asia, Grid Modernization Market, Segmentation By End-User, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion
  • Table 50: Western Europe, Grid Modernization Market, Segmentation By Component, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion
  • Table 51: Western Europe, Grid Modernization Market, Segmentation By Application, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion
  • Table 52: Western Europe, Grid Modernization Market, Segmentation By End-User, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion
  • Table 53: UK, Grid Modernization Market, Segmentation By Component, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion
  • Table 54: UK, Grid Modernization Market, Segmentation By Application, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion
  • Table 55: UK, Grid Modernization Market, Segmentation By End-User, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion
  • Table 56: Germany, Grid Modernization Market, Segmentation By Component, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion
  • Table 57: Germany, Grid Modernization Market, Segmentation By Application, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion
  • Table 58: Germany, Grid Modernization Market, Segmentation By End-User, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion
  • Table 59: France, Grid Modernization Market, Segmentation By Component, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion
  • Table 60: France, Grid Modernization Market, Segmentation By Application, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion
  • Table 61: France, Grid Modernization Market, Segmentation By End-User, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion
  • Table 62: Italy, Grid Modernization Market, Segmentation By Component, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion
  • Table 63: Italy, Grid Modernization Market, Segmentation By Application, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion
  • Table 64: Italy, Grid Modernization Market, Segmentation By End-User, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion
  • Table 65: Spain, Grid Modernization Market, Segmentation By Component, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion
  • Table 66: Spain, Grid Modernization Market, Segmentation By Application, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion
  • Table 67: Spain, Grid Modernization Market, Segmentation By End-User, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion
  • Table 68: Eastern Europe, Grid Modernization Market, Segmentation By Component, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion
  • Table 69: Eastern Europe, Grid Modernization Market, Segmentation By Application, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion
  • Table 70: Eastern Europe, Grid Modernization Market, Segmentation By End-User, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion
  • Table 71: Russia, Grid Modernization Market, Segmentation By Component, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion
  • Table 72: Russia, Grid Modernization Market, Segmentation By Application, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion
  • Table 73: Russia, Grid Modernization Market, Segmentation By End-User, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion
  • Table 74: North America, Grid Modernization Market, Segmentation By Component, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion
  • Table 75: North America, Grid Modernization Market, Segmentation By Application, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion
  • Table 76: North America, Grid Modernization Market, Segmentation By End-User, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion
  • Table 77: USA, Grid Modernization Market, Segmentation By Component, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion
  • Table 78: USA, Grid Modernization Market, Segmentation By Application, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion
  • Table 79: USA, Grid Modernization Market, Segmentation By End-User, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion
  • Table 80: Canada, Grid Modernization Market, Segmentation By Component, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion
  • Table 81: Canada, Grid Modernization Market, Segmentation By Application, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion
  • Table 82: Canada, Grid Modernization Market, Segmentation By End-User, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion
  • Table 83: South America, Grid Modernization Market, Segmentation By Component, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion
  • Table 84: South America, Grid Modernization Market, Segmentation By Application, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion
  • Table 85: South America, Grid Modernization Market, Segmentation By End-User, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion
  • Table 86: Brazil, Grid Modernization Market, Segmentation By Component, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion
  • Table 87: Brazil, Grid Modernization Market, Segmentation By Application, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion
  • Table 88: Brazil, Grid Modernization Market, Segmentation By End-User, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion
  • Table 89: Middle East, Grid Modernization Market, Segmentation By Component, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion
  • Table 90: Middle East, Grid Modernization Market, Segmentation By Application, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion
  • Table 91: Middle East, Grid Modernization Market, Segmentation By End-User, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion
  • Table 92: Africa, Grid Modernization Market, Segmentation By Component, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion
  • Table 93: Africa, Grid Modernization Market, Segmentation By Application, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion
  • Table 94: Africa, Grid Modernization Market, Segmentation By End-User, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion
  • Table 95: Global Grid Modernization Key Competitor Estimated Market Shares, 2024, Percentage (%)
  • Table 96: Global Grid Modernization Market - Company Scoring Matrix
  • Table 97: Hitachi Energy Ltd. Financial Performance
  • Table 98: Siemens AG Financial Performance
  • Table 99: Schneider Electric SE Financial Performance
  • Table 100: ABB Ltd. Financial Performance
  • Table 101: Mitsubishi Electric Corporation Financial Performance
  • Table 102: Global Grid Modernization Market, Competitive Benchmarking (In USD Billions)
  • Table 103: Global Grid Modernization Market, Competitive Dashboard
  • Table 104: Global Grid Modernization Market Size Gain ($ Billion), 2025 – 2030 By Country
  • Table 105: Global, Grid Modernization Market Size Gain ($ Billion), Segmentation By Component, 2025 – 2030
  • Table 106: Global, Grid Modernization Market Size Gain ($ Billion), Segmentation By Application, 2025 – 2030
  • Table 107: Global, Grid Modernization Market Size Gain ($ Billion), Segmentation By End-User, 2025 – 2030

List Of Figures

    Figure 1: Global Grid Modernization Market, Overview Of Key Products - Product Examples
  • Figure 2: Global Grid Modernization Market Attractiveness, Factor-Wise Evaluation
  • Figure 3: Global Grid Modernization Market, Supply Chain Analysis
  • Figure 4: Global Grid Modernization Market, Major Raw Material Providers
  • Figure 5: Global Grid Modernization Market, Major Resource Providers
  • Figure 6: Global Grid Modernization Market, Major Manufacturers (Suppliers)
  • Figure 7: Global Grid Modernization Market, Major Distributors And Channel Partners
  • Figure 8: Global Grid Modernization Market, Key Technologies & Future Trends
  • Figure 9: Global Grid Modernization Market, Major Trends
  • Figure 10: Global Grid Modernization Market, Major End Users
  • Figure 11: Global Grid Modernization Market, PESTEL (Political, Economic, Social, Technology, Environmental and Legal) Analysis
  • Figure 12: Global Grid Modernization Historic Market Growth, 2020-2025, $ Billion
  • Figure 13: Global Grid Modernization Forecast Market Growth, 2025-2030F, 2035F, $ Billion
  • Figure 14: Global Grid Modernization Market - TAM, US$ Billion, 2025
  • Figure 15: Global Grid Modernization Market, Segmentation By Component, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion
  • Figure 16: Global Grid Modernization Market, Segmentation By Application, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion
  • Figure 17: Global Grid Modernization Market, Segmentation By End-User, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion
  • Figure 18: Global Grid Modernization Market, Sub-Segmentation Of Hardware, By Type, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion
  • Figure 19: Global Grid Modernization Market, Sub-Segmentation Of Software, By Type, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion
  • Figure 20: Global Grid Modernization Market, Sub-Segmentation Of Services, By Type, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion
  • Figure 21: Global Grid Modernization Market, Split By Region, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion
  • Figure 22: Global Grid Modernization Market, Split By Country, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion
  • Figure 23: Asia-Pacific, Grid Modernization Market, Segmentation By Component, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion
  • Figure 24: Asia-Pacific, Grid Modernization Market, Segmentation By Application, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion
  • Figure 25: Asia-Pacific, Grid Modernization Market, Segmentation By End-User, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion
  • Figure 26: China, Grid Modernization Market, Segmentation By Component, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion
  • Figure 27: China, Grid Modernization Market, Segmentation By Application, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion
  • Figure 28: China, Grid Modernization Market, Segmentation By End-User, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion
  • Figure 29: India, Grid Modernization Market, Segmentation By Component, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion
  • Figure 30: India, Grid Modernization Market, Segmentation By Application, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion
  • Figure 31: India, Grid Modernization Market, Segmentation By End-User, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion
  • Figure 32: Japan, Grid Modernization Market, Segmentation By Component, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion
  • Figure 33: Japan, Grid Modernization Market, Segmentation By Application, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion
  • Figure 34: Japan, Grid Modernization Market, Segmentation By End-User, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion
  • Figure 35: Australia, Grid Modernization Market, Segmentation By Component, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion
  • Figure 36: Australia, Grid Modernization Market, Segmentation By Application, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion
  • Figure 37: Australia, Grid Modernization Market, Segmentation By End-User, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion
  • Figure 38: Indonesia, Grid Modernization Market, Segmentation By Component, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion
  • Figure 39: Indonesia, Grid Modernization Market, Segmentation By Application, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion
  • Figure 40: Indonesia, Grid Modernization Market, Segmentation By End-User, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion
  • Figure 41: South Korea, Grid Modernization Market, Segmentation By Component, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion
  • Figure 42: South Korea, Grid Modernization Market, Segmentation By Application, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion
  • Figure 43: South Korea, Grid Modernization Market, Segmentation By End-User, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion
  • Figure 44: Taiwan, Grid Modernization Market, Segmentation By Component, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion
  • Figure 45: Taiwan, Grid Modernization Market, Segmentation By Application, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion
  • Figure 46: Taiwan, Grid Modernization Market, Segmentation By End-User, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion
  • Figure 47: South East Asia, Grid Modernization Market, Segmentation By Component, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion
  • Figure 48: South East Asia, Grid Modernization Market, Segmentation By Application, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion
  • Figure 49: South East Asia, Grid Modernization Market, Segmentation By End-User, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion
  • Figure 50: Western Europe, Grid Modernization Market, Segmentation By Component, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion
  • Figure 51: Western Europe, Grid Modernization Market, Segmentation By Application, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion
  • Figure 52: Western Europe, Grid Modernization Market, Segmentation By End-User, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion
  • Figure 53: UK, Grid Modernization Market, Segmentation By Component, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion
  • Figure 54: UK, Grid Modernization Market, Segmentation By Application, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion
  • Figure 55: UK, Grid Modernization Market, Segmentation By End-User, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion
  • Figure 56: Germany, Grid Modernization Market, Segmentation By Component, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion
  • Figure 57: Germany, Grid Modernization Market, Segmentation By Application, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion
  • Figure 58: Germany, Grid Modernization Market, Segmentation By End-User, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion
  • Figure 59: France, Grid Modernization Market, Segmentation By Component, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion
  • Figure 60: France, Grid Modernization Market, Segmentation By Application, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion
  • Figure 61: France, Grid Modernization Market, Segmentation By End-User, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion
  • Figure 62: Italy, Grid Modernization Market, Segmentation By Component, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion
  • Figure 63: Italy, Grid Modernization Market, Segmentation By Application, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion
  • Figure 64: Italy, Grid Modernization Market, Segmentation By End-User, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion
  • Figure 65: Spain, Grid Modernization Market, Segmentation By Component, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion
  • Figure 66: Spain, Grid Modernization Market, Segmentation By Application, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion
  • Figure 67: Spain, Grid Modernization Market, Segmentation By End-User, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion
  • Figure 68: Eastern Europe, Grid Modernization Market, Segmentation By Component, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion
  • Figure 69: Eastern Europe, Grid Modernization Market, Segmentation By Application, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion
  • Figure 70: Eastern Europe, Grid Modernization Market, Segmentation By End-User, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion
  • Figure 71: Russia, Grid Modernization Market, Segmentation By Component, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion
  • Figure 72: Russia, Grid Modernization Market, Segmentation By Application, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion
  • Figure 73: Russia, Grid Modernization Market, Segmentation By End-User, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion
  • Figure 74: North America, Grid Modernization Market, Segmentation By Component, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion
  • Figure 75: North America, Grid Modernization Market, Segmentation By Application, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion
  • Figure 76: North America, Grid Modernization Market, Segmentation By End-User, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion
  • Figure 77: USA, Grid Modernization Market, Segmentation By Component, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion
  • Figure 78: USA, Grid Modernization Market, Segmentation By Application, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion
  • Figure 79: USA, Grid Modernization Market, Segmentation By End-User, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion
  • Figure 80: Canada, Grid Modernization Market, Segmentation By Component, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion
  • Figure 81: Canada, Grid Modernization Market, Segmentation By Application, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion
  • Figure 82: Canada, Grid Modernization Market, Segmentation By End-User, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion
  • Figure 83: South America, Grid Modernization Market, Segmentation By Component, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion
  • Figure 84: South America, Grid Modernization Market, Segmentation By Application, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion
  • Figure 85: South America, Grid Modernization Market, Segmentation By End-User, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion
  • Figure 86: Brazil, Grid Modernization Market, Segmentation By Component, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion
  • Figure 87: Brazil, Grid Modernization Market, Segmentation By Application, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion
  • Figure 88: Brazil, Grid Modernization Market, Segmentation By End-User, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion
  • Figure 89: Middle East, Grid Modernization Market, Segmentation By Component, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion
  • Figure 90: Middle East, Grid Modernization Market, Segmentation By Application, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion
  • Figure 91: Middle East, Grid Modernization Market, Segmentation By End-User, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion
  • Figure 92: Africa, Grid Modernization Market, Segmentation By Component, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion
  • Figure 93: Africa, Grid Modernization Market, Segmentation By Application, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion
  • Figure 94: Africa, Grid Modernization Market, Segmentation By End-User, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion
  • Figure 95: Global Grid Modernization Key Competitor Estimated Market Shares, 2024, Percentage (%)
  • Figure 96: Global Grid Modernization Market - Company Scoring Matrix
  • Figure 97: Hitachi Energy Ltd. Financial Performance
  • Figure 98: Siemens AG Financial Performance
  • Figure 99: Schneider Electric SE Financial Performance
  • Figure 100: ABB Ltd. Financial Performance
  • Figure 101: Mitsubishi Electric Corporation Financial Performance
  • Figure 102: Global Grid Modernization Market, Competitive Benchmarking (In USD Billions)
  • Figure 103: Global Grid Modernization Market, Competitive Dashboard
  • Figure 104: Global Grid Modernization Market Size Gain ($ Billion), 2025 – 2030 By Country
  • Figure 105: Global, Grid Modernization Market Size Gain ($ Billion), Segmentation By Component, 2025 – 2030
  • Figure 106: Global, Grid Modernization Market Size Gain ($ Billion), Segmentation By Application, 2025 – 2030
  • Figure 107: Global, Grid Modernization Market Size Gain ($ Billion), Segmentation By End-User, 2025 – 2030

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Frequently Asked Questions

The Grid Modernization market was valued at $38.91 billion in 2025, increased to $38.91 billion in 2026, and is projected to reach $81.97 billion by 2030. request a sample here

The expected CAGR for the Grid Modernization market during the forecast period 2025–2030 is 16.0%. request a sample here

Major growth driver of the market includes: Rising Demand For Renewable Energy Sources Fueling The Growth Of The Market Due To The Need For Smarter And More Flexible Energy Infrastructure in the Grid Modernization market. For further insights on th request a sample here

The grid modernization market 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 request a sample here

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

Major companies operating in the Grid Modernization market are Major companies operating in the grid modernization market are Hitachi Energy Ltd., Siemens AG, Schneider Electric SE, ABB Ltd., Mitsubishi Electric Corporation, General Electric Company, Eaton Corporation plc, Toshiba Corporation, Honeywell International Inc., Oracle Corporation, Cisco Systems Inc., Itron Inc., Kamstrup A/S, Trilliant Holdings Inc., Tantalus Systems Holding Inc., Fluentgrid Limited, eSmart Systems AS, Landis+Gyr Group AG, Open Systems International Inc., Alstom SA, CG Power and Industrial Solutions Ltd., Larsen & Toubro Limited request a sample here.

North America was the largest region in the grid modernization market in 2025. 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, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. request a sample here.

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