Smart Grid Networking Market: Trends, Opportunities and Competitive Analysis

Trends, opportunities, and forecast in smart grid networking market to 2024 by technology type (advanced metering infrastructure (AMI), distribution management system, network management system, and grid asset management), end use industry (industrial and commercial), service (consulting, network planning, design & integration, network risk & security assessment, and network maintenance & support), and region (North America, Europe, Asia Pacific, and Rest of the World)

Publisher: Lucintel Published: May 2026
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Smart Grid Networking Market: Trends, Opportunities and Competitive Analysis

Report Feature

The future of the smart grid networking market looks promising with opportunities in the industrial and commercial markets. The smart grid networking market is expected to grow with a CAGR of 25% from 2019 to 2024. The major drivers for this market are growing peak hours demand of electricity, increasing share of renewable energy in electricity, limitations in capacity expansion, and environmental concerns.
 
A more than 150 pages report is developed to help in your business decisions. Sample figures with some insights are shown below. To learn the scope of, benefits, companies researched and other details of smart grid networking market report download the report brochure.
 
smart grid networking


smart grid networking

smart grid networking
 
The study includes the smart grid networking market size and forecast for the smart grid networking market through 2024, segmented by technology, end use industry, service, and region as follows:
 
By Technology Type [$M shipment analysis for 2013 – 2024]:
  • Distribution Management System
  • Network Management System
  • Advanced Metering Infrastructure
  • Grid Assets Management
  • Others
By End Use Industry [$M shipment analysis for 2013 – 2024]:
  • Industrial
  • Commercial
By Services [$M shipment analysis for 2013 – 2024]:
  • Consulting
  • Network Planning
  • Design And Integration
  • Network Risk And Security Assessment
  • Network Maintenance And Support
By Region [$M shipment analysis for 2013 – 2024]:
  • North America
  • United States
  • Canada
  • Mexico
  • Europe
  • Germany
  • UK
  • Italy
  • Asia Pacific
  • China
  • Japan
  • India
  • Rest of the World
Some of the Smart grid networking companies profiled in this report include ABB, CISCO, Mitsubishi Electric, Fujitsu, General Electric, Huawei, Itron, Schneider Electric, Siemens AG, and Silver Spring Networks.
 
Some of the features of this report:
  • Market size estimates: Smart grid networking market size estimation in terms of value ($M) shipment.
  • Trend and forecast analysis: Market trend (2013-2018) and forecast (2019-2024) by end use industry.
  • Segmentation analysis: Market size by various segments such as by technology, end use industry, service, and region.
  • Regional analysis: Smart grid networking market breakdown by North America, Europe, Asia Pacific, and the Rest of the World.
  • Growth opportunities: Analysis on growth opportunities in different applications and regions for smart grid networking in the smart grid networking market.
  • Strategic analysis: This includes M&A, new product development, and competitive landscape for, smart grid networking in the smart grid networking market.
  • Analysis of competitive intensity of the industry based on Porter’s Five Forces model.

Table of Contents

1. Executive Summary

Methodology

Lucintel has been in the business of market research and management consulting since 2000 and has published over 1000 market intelligence reports in various markets / applications and served over 1,000 clients worldwide. This study is a culmination of four months of full-time effort performed by Lucintel's analyst team. The analysts used the following sources for the creation and completion of this valuable report:
  • In-depth interviews of the major players in this market
  • Detailed secondary research from competitors’ financial statements and published data 
  • Extensive searches of published works, market, and database information pertaining to industry news, company press releases, and customer intentions
  • A compilation of the experiences, judgments, and insights of Lucintel’s professionals, who have analyzed and tracked this market over the years.
Extensive research and interviews are conducted across the supply chain of this market to estimate market share, market size, trends, drivers, challenges, and forecasts. Below is a brief summary of the primary interviews that were conducted by job function for this report.
 
Thus, Lucintel compiles vast amounts of data from numerous sources, validates the integrity of that data, and performs a comprehensive analysis. Lucintel then organizes the data, its findings, and insights into a concise report designed to support the strategic decision-making process. The figure below is a graphical representation of Lucintel’s research process. 
 

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Key Questions

  • Which segments will grow at a faster pace and why?
  • Which region will grow at a faster pace and why?
  • What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
  • What are the business risks and competitive threats in this market?
  • What are the emerging trends in this market and the reasons behind them?
  • What are some of the changing demands of customers in the market?
  • What are the new developments in the market? Which companies are leading these developments?
  • Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
  • What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
  • What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
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