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Report ID: UCMIG55A2036
Report ID:
UCMIG55A2036 |
Region:
Global |
Published Date: Upcoming |
Pages:
165
| Tables: 55 | Figures: 60
As of 2021, the global power grid system market demonstrated a notable valuation of USD 9.3 billion, reflecting its substantial presence in the industry landscape. Projections indicate a robust ascent, with estimations placing the market on track to reach approximately USD 17.5 billion by the year 2030. This anticipated growth trajectory underscores the sector's vitality, showcasing a compound annual growth rate (CAGR) of 7.28% projected from 2022 to 2030. This expansion is driven by a confluence of factors, including the ever-increasing demand for reliable and efficient energy distribution, the integration of renewable energy sources, and advancements in grid management technologies. Such developments collectively highlight the enduring significance and growth potential of the global power grid system market.
This report is being written to illustrate the market opportunity by region and by segments, indicating opportunity areas for the vendors to tap upon. To estimate the opportunity, it was very important to understand the current market scenario and the way it will grow in future.
Production and consumption patterns are being carefully compared to forecast the market. Other factors considered to forecast the market are the growth of the adjacent market, revenue growth of the key market vendors, scenario-based analysis, and market segment growth.
The market size was determined by estimating the market through a top-down and bottom-up approach, which was further validated with industry interviews. Considering the nature of the market we derived the Electric Utilities by segment aggregation, the contribution of the Electric Utilities in Diversified Utilities Services and vendor share.
To determine the growth of the market factors such as drivers, trends, restraints, and opportunities were identified, and the impact of these factors was analyzed to determine the market growth. To understand the market growth in detail, we have analyzed the year-on-year growth of the market. Also, historic growth rates were compared to determine growth patterns.
Our industry expert will work with you to provide you with customized data in a short amount of time.
REQUEST FREE CUSTOMIZATIONThe market for Power Grid System was estimated to be valued at US$ XX Mn in 2021.
The Power Grid System Market is estimated to grow at a CAGR of XX% by 2028.
The Power Grid System Market is segmented on the basis of Components, Application, Depth, Geography.
Based on region, the Power Grid System Market is segmented into North America, Europe, Asia Pacific, Middle East & Africa and Latin America.
The key players operating in the Power Grid System Market are ABB (Switzerland), Aker Solutions ASA (Norway), Apar Industries (India, Baker Hughes (US), Deep C (Norway, DEME (Denmark), Furukawa Electric Co., Ltd. (Japan), General Electric (US), Hitachi Energy (Switzerland, Intertek Group (UK), J+S Subsea (UK), LS Cable & System (South Korea), Nexans (France), NKT (Denmark), Oceaneering International (US), Prysmian Group (Italy), Schlumberger (US , Schneider Electric (France), Siemens Energy (Germany), SSG Cable (China), Sumitomo Electric Industries, Ltd. (Japan), TE Connectivity (Switzerland), TechnipFMC (UK), Teledyne Marine (US), ZTT (China).
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Report ID: UCMIG55A2036