Smart Grid IT Systems Market - Global Industry Growth, New Opportunities and Forecast – 2030

Posted October 6, 2021 by Vaibhavwa_mrfr21

AbsoluteMarketInsights Presents “Smart Grid IT Systems Market Research Report –Global Forecast to 2030” New Document to its Studies Database
Smart Grid IT Systems Market 2021

The Smart Grid IT Systems Market is expected to grow from $ 24 billion in 2019 to $ 61.7 billion in 2023, and CAGR is expected to be +21%

Just like Technology, Electricity has become a very important part of our daily life because it is used to operate many electronics devices from our homes to offices and hospitals and manufacturing industries. Due to its usage, it is very important to keep its availability as high as possible and it should be used in the most efficient way because its resources are limited.

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Major Key Players:

The major key players of Smart Grid IT Systems Market offering smart grids are GE , ABB , Siemens, Schneider Electric, Itron, Landis+Gyr, Aclara, Cisco, OSI, IBM , Wipro , Honeywell, Oracle, S&C Electric Company, Eaton , Kamstrup, Trilliant Holdings, Globema, Tech Mahindra, Enel X North America ,eSmart Systems, Tanatalus, EsyaSoft, Grid4C, and C3 Energy.

Key findings of the report:

Load handling: The power grid load / total sum is not stable and it varies with time. In the case of heavy load, a smart grid system can advise consumers to temporarily reduce energy consumption.

Demand Response Support: Provides an automatic way for users to reduce their electricity bills.

Decentralization of power generation: A distributed or decentralized grid system allows the user to generate onsite power by applying any suitable method.

Also, the high cost of smart grid upgrades is expected to have a significant impact on the growth of the Smart Grid IT Systems Market during the forecast period.

Market Segmentation

Market – By Software

Advance Metering Infrastructure (AMI)

Smart Grid Distribution Management

Smart Grid Communication

Grid Asset Management

Substation Automation

Billing and Customer Information System

Smart Grid IT Systems Market – By Hardware

AMI meter


Networking hardware

Programmable Logic Controller (PLC)

Market By Service


Deployment and integration

Support and maintenance

Smart Grid IT Systems Market By Region

North America


Rest of North America



The UK




Rest of Europe

Asia Pacific




Southeast Asia

Rest of Asia Pacific

Middle East and Africa

GCC Countries

Southern Africa

Rest of Middle East and Africa

Latin America


Rest of Latin America

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Shreyas Tanna

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Absolute Markets Insights

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Issued By AMI
Country India
Categories Business , Software
Tags smart grid it systems market
Last Updated October 6, 2021