Lucintel anticipates that Asia Pacific will be the fastest growing region in the smart grid networking market

   September 27, 2019
According to a market report by Lucintel, 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 for electricity, increasing share of renewable energy in electricity, limitations in capacity expansion, and increasing environmental concerns.

To download report brochure, please go to and click "report brochure" tab from the menu.

In this market, advanced metering infrastructure (AMI), distribution management system, network management system, and grid asset management are the major technology types.

Within the smart grid networking market, industrial and commercial are the major end use industries. Consulting, network planning, design and integration, network risk and security assessment, and network maintenance and support are the major service types of the smart grid networking market.

APAC will remain the largest market over the forecast period due to rapid urbanization and industrialization.

ABB, CISCO, Mitsubishi Electric, Fujitsu, General Electric, Huawei, Itron, Schneider Electric, Siemens AG, and Silver Spring Networks are among the major players of smart grid networking.     

Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the smart grid networking market by end use industry, service, technology, and region. Lucintel has prepared a comprehensive research report entitled "Smart Grid networking Market 2019-2024: Trends, Forecast, and Opportunity Analysis". This Lucintel report serves as a catalyst for growth strategy as it provides comprehensive data and analysis on trends, key drivers, and directions. The study includes a forecast for the smart grid networking market by end use industry, service, technology, 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

    • UK

    • Germany

    • Italy

  • Asia Pacific

    • China

    • Japan

    • India

  • Rest of the World

This 150-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link or

About Lucintel

Lucintel, the premier global Management Consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, Growth Consulting, M&A, and Due diligence services to executives and key decision-makers in a variety of industries. For further information, visit

Lucintel Corporate Customers

Market Entry, M & A, Opportunity Screening,...

Private Equity Customers

Buy Side Services (target screening, due diligence, ..)

Market Research Reports

Aerospace & Defense [53]
Chemical [264]
Composites & Advanced Materials [171]
Construction & Industrial [76]
Consumer and Retail [140]
Economic Analysis [86]
Energy & Utility [73]
Finance & Services [10]
Healthcare [79]
Media & Entertainment [16]
Metals & Mining [17]
Technology & Telecommunication [166]
Transportation [143]

Customer Quotes

"With more than 20 years experience in the industry, this is the first time we have come across such an extensive market analysis for our industry." Ven Cote, CEO, ZCL

"The insights we gained from Lucintel work helped with our business plan…a wonderful professional job…" Mike Jackson, Stahlin

"The report from Lucintel is useful not only for business planners, but also for the technology officers wanting to create a roadmap …" Dr. Giulio Ranzo, Booz Allen

"The information is so comprehensive, it has allowed us to identify & focus our business development efforts. It saved months of leg-work." Bill Barz, L&L Products

"We bought Lucintel report because it is the best report about our industry…a complete and appropriate analysis." Cesare Andrenacci, Ferretti

Quick Query

Lucintel Insights in News

Follow us on