The power grid system market would grow at a CAGR of 7.28% over the predicted time frame. The market is expected to increase in value from US$ 9.98 Bn in 2022 to US$ 17.5 Bn in 2030.
The on power grid system Market, which provides a business strategy, research & development activities, concise outline of the market valuation, valuable insights pertaining to market share, size, supply chain analysis, competitive landscape and regional proliferation of this industry.
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Report Scope of the Power Grid System Market
| Report Coverage | Details |
| Market Size in 2022 | USD 9.3 Billion |
| Market Size by 2030 | USD 17.5 Billion |
| Growth Rate from 2022 to 2030 | CAGR of 7.28% |
| Base Year | 2021 |
| Forecast Period | 2022 to 2030 |
| Segments Covered | Components, Application, Depth, and Geography |
A recent report provides crucial insights along with application based and forecast information in the Global Power grid system Market. The report provides a comprehensive analysis of key factors that are expected to drive the growth of this market. This study also provides a detailed overview of the opportunities along with the current trends observed in the Power grid system market.
A quantitative analysis of the industry is compiled for a period of 10 years in order to assist players to grow in the market. Insights on specific revenue figures generated are also given in the report, along with projected revenue at the end of the forecast period.
Companies and Manufacturers Covered
The study covers key players operating in the market along with prime schemes and strategies implemented by each player to hold high positions in the industry. Such a tough vendor landscape provides a competitive outlook of the industry, consequently existing as a key insight. These insights were thoroughly analysed and prime business strategies and products that offer high revenue generation capacities were identified. Key players of the global Power grid system market are included as given below:
Power grid system Market Key Players
- 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)
Market Segments
By Components
- Cables
- Variable Speed Drives
- Transformers
- Switchgears
- Others (connectors, actuators, sensors, and penetrators)
By Application
- Captive Generation
- Wind Power
- Others (tidal power, solar power, and diesel & gas based floating power plants)
By Depth
- Shallow Water
- Deepwater
By Geography
- North America
- Europe
- Asia-Pacific
- Latin America
- Middle East & Africa (MEA)
Report Objectives
- To define, describe, and forecast the global power grid system market based on product, and region
- To provide detailed information regarding the major factors influencing the growth of the market (drivers, opportunities, and industry-specific challenges)
- To strategically analyze micromarkets1 with respect to individual growth trends, future prospects, and contributions to the total market
- To analyze opportunities in the market for stakeholders and provide details of the competitive landscape for market leaders
- To forecast the size of market segments with respect to four main regions—North America, Europe, Asia Pacific and the Rest of the World (RoW)2
- To strategically profile key players and comprehensively analyze their product portfolios, market shares, and core competencies3
- To track and analyze competitive developments such as acquisitions, expansions, new product launches, and partnerships in the power grid system market
Table of Content
Chapter 1. Introduction
1.1. Research Objective
1.2. Scope of the Study
1.3. Definition
Chapter 2. Research Methodology
2.1. Research Approach
2.2. Data Sources
2.3. Assumptions & Limitations
Chapter 3. Executive Summary
3.1. Market Snapshot
Chapter 4. Market Variables and Scope
4.1. Introduction
4.2. Market Classification and Scope
4.3. Industry Value Chain Analysis
4.3.1. Raw Material Procurement Analysis
4.3.2. Sales and Distribution Channel Analysis
4.3.3. Downstream Buyer Analysis
Chapter 5. COVID 19 Impact on Power Grid System Market
5.1. COVID-19 Landscape: Power Grid System Industry Impact
5.2. COVID 19 - Impact Assessment for the Industry
5.3. COVID 19 Impact: Global Major Government Policy
5.4. Market Trends and Opportunities in the COVID-19 Landscape
Chapter 6. Market Dynamics Analysis and Trends
6.1. Market Dynamics
6.1.1. Market Drivers
6.1.2. Market Restraints
6.1.3. Market Opportunities
6.2. Porter’s Five Forces Analysis
6.2.1. Bargaining power of suppliers
6.2.2. Bargaining power of buyers
6.2.3. Threat of substitute
6.2.4. Threat of new entrants
6.2.5. Degree of competition
Chapter 7. Competitive Landscape
7.1.1. Company Market Share/Positioning Analysis
7.1.2. Key Strategies Adopted by Players
7.1.3. Vendor Landscape
7.1.3.1. List of Suppliers
7.1.3.2. List of Buyers
Chapter 8. Global Power Grid System Market, By Components
8.1. Power Grid System Market, by Components, 2022-2030
8.1.1 Cables
8.1.1.1. Market Revenue and Forecast (2017-2030)
8.1.2. Variable Speed Drives
8.1.2.1. Market Revenue and Forecast (2017-2030)
8.1.3. Transformers
8.1.3.1. Market Revenue and Forecast (2017-2030)
8.1.4. Switchgears
8.1.4.1. Market Revenue and Forecast (2017-2030)
8.1.5. Others (connectors, actuators, sensors, and penetrators)
8.1.5.1. Market Revenue and Forecast (2017-2030)
Chapter 9. Global Power Grid System Market, By Application
9.1. Power Grid System Market, by Application, 2022-2030
9.1.1. Captive Generation
9.1.1.1. Market Revenue and Forecast (2017-2030)
9.1.2. Wind Power
9.1.2.1. Market Revenue and Forecast (2017-2030)
9.1.3. Others (tidal power, solar power, and diesel & gas based floating power plants)
9.1.3.1. Market Revenue and Forecast (2017-2030)
Chapter 10. Global Power Grid System Market, By Depth
10.1. Power Grid System Market, by Depth, 2022-2030
10.1.1. Shallow Water
10.1.1.1. Market Revenue and Forecast (2017-2030)
10.1.2. Deepwater
10.1.2.1. Market Revenue and Forecast (2017-2030)
Chapter 11. Global Power Grid System Market, Regional Estimates and Trend Forecast
11.1. North America
11.1.1. Market Revenue and Forecast, by Components (2017-2030)
11.1.2. Market Revenue and Forecast, by Application (2017-2030)
11.1.3. Market Revenue and Forecast, by Depth (2017-2030)
11.1.4. U.S.
11.1.4.1. Market Revenue and Forecast, by Components (2017-2030)
11.1.4.2. Market Revenue and Forecast, by Application (2017-2030)
11.1.4.3. Market Revenue and Forecast, by Depth (2017-2030)
11.1.5. Rest of North America
11.1.5.1. Market Revenue and Forecast, by Components (2017-2030)
11.1.5.2. Market Revenue and Forecast, by Application (2017-2030)
11.1.5.3. Market Revenue and Forecast, by Depth (2017-2030)
11.2. Europe
11.2.1. Market Revenue and Forecast, by Components (2017-2030)
11.2.2. Market Revenue and Forecast, by Application (2017-2030)
11.2.3. Market Revenue and Forecast, by Depth (2017-2030)
11.2.4. UK
11.2.4.1. Market Revenue and Forecast, by Components (2017-2030)
11.2.4.2. Market Revenue and Forecast, by Application (2017-2030)
11.2.4.3. Market Revenue and Forecast, by Depth (2017-2030)
11.2.5. Germany
11.2.5.1. Market Revenue and Forecast, by Components (2017-2030)
11.2.5.2. Market Revenue and Forecast, by Application (2017-2030)
11.2.5.3. Market Revenue and Forecast, by Depth (2017-2030)
11.2.6. France
11.2.6.1. Market Revenue and Forecast, by Components (2017-2030)
11.2.6.2. Market Revenue and Forecast, by Application (2017-2030)
11.2.6.3. Market Revenue and Forecast, by Depth (2017-2030)
11.2.7. Rest of Europe
11.2.7.1. Market Revenue and Forecast, by Components (2017-2030)
11.2.7.2. Market Revenue and Forecast, by Application (2017-2030)
11.2.7.3. Market Revenue and Forecast, by Depth (2017-2030)
11.3. APAC
11.3.1. Market Revenue and Forecast, by Components (2017-2030)
11.3.2. Market Revenue and Forecast, by Application (2017-2030)
11.3.3. Market Revenue and Forecast, by Depth (2017-2030)
11.3.4. India
11.3.4.1. Market Revenue and Forecast, by Components (2017-2030)
11.3.4.2. Market Revenue and Forecast, by Application (2017-2030)
11.3.4.3. Market Revenue and Forecast, by Depth (2017-2030)
11.3.5. China
11.3.5.1. Market Revenue and Forecast, by Components (2017-2030)
11.3.5.2. Market Revenue and Forecast, by Application (2017-2030)
11.3.5.3. Market Revenue and Forecast, by Depth (2017-2030)
11.3.6. Japan
11.3.6.1. Market Revenue and Forecast, by Components (2017-2030)
11.3.6.2. Market Revenue and Forecast, by Application (2017-2030)
11.3.6.3. Market Revenue and Forecast, by Depth (2017-2030)
11.3.7. Rest of APAC
11.3.7.1. Market Revenue and Forecast, by Components (2017-2030)
11.3.7.2. Market Revenue and Forecast, by Application (2017-2030)
11.3.7.3. Market Revenue and Forecast, by Depth (2017-2030)
11.4. MEA
11.4.1. Market Revenue and Forecast, by Components (2017-2030)
11.4.2. Market Revenue and Forecast, by Application (2017-2030)
11.4.3. Market Revenue and Forecast, by Depth (2017-2030)
11.4.4. GCC
11.4.4.1. Market Revenue and Forecast, by Components (2017-2030)
11.4.4.2. Market Revenue and Forecast, by Application (2017-2030)
11.4.4.3. Market Revenue and Forecast, by Depth (2017-2030)
11.4.5. North Africa
11.4.5.1. Market Revenue and Forecast, by Components (2017-2030)
11.4.5.2. Market Revenue and Forecast, by Application (2017-2030)
11.4.5.3. Market Revenue and Forecast, by Depth (2017-2030)
11.4.6. South Africa
11.4.6.1. Market Revenue and Forecast, by Components (2017-2030)
11.4.6.2. Market Revenue and Forecast, by Application (2017-2030)
11.4.6.3. Market Revenue and Forecast, by Depth (2017-2030)
11.4.7. Rest of MEA
11.4.7.1. Market Revenue and Forecast, by Components (2017-2030)
11.4.7.2. Market Revenue and Forecast, by Application (2017-2030)
11.4.7.3. Market Revenue and Forecast, by Depth (2017-2030)
11.5. Latin America
11.5.1. Market Revenue and Forecast, by Components (2017-2030)
11.5.2. Market Revenue and Forecast, by Application (2017-2030)
11.5.3. Market Revenue and Forecast, by Depth (2017-2030)
11.5.4. Brazil
11.5.4.1. Market Revenue and Forecast, by Components (2017-2030)
11.5.4.2. Market Revenue and Forecast, by Application (2017-2030)
11.5.4.3. Market Revenue and Forecast, by Depth (2017-2030)
11.5.5. Rest of LATAM
11.5.5.1. Market Revenue and Forecast, by Components (2017-2030)
11.5.5.2. Market Revenue and Forecast, by Application (2017-2030)
11.5.5.3. Market Revenue and Forecast, by Depth (2017-2030)
Chapter 12. Company Profiles
12.1. ABB (Switzerland)
12.1.1. Company Overview
12.1.2. Product Offerings
12.1.3. Financial Performance
12.1.4. Recent Initiatives
12.2. Aker Solutions ASA (Norway)
12.2.1. Company Overview
12.2.2. Product Offerings
12.2.3. Financial Performance
12.2.4. Recent Initiatives
12.3. Apar Industries (India
12.3.1. Company Overview
12.3.2. Product Offerings
12.3.3. Financial Performance
12.3.4. Recent Initiatives
12.4. Baker Hughes (US)
12.4.1. Company Overview
12.4.2. Product Offerings
12.4.3. Financial Performance
12.4.4. Recent Initiatives
12.5. Deep C (Norway
12.5.1. Company Overview
12.5.2. Product Offerings
12.5.3. Financial Performance
12.5.4. Recent Initiatives
12.6. DEME (Denmark)
12.6.1. Company Overview
12.6.2. Product Offerings
12.6.3. Financial Performance
12.6.4. Recent Initiatives
12.7. Furukawa Electric Co., Ltd. (Japan)
12.7.1. Company Overview
12.7.2. Product Offerings
12.7.3. Financial Performance
12.7.4. Recent Initiatives
12.8. General Electric (US)
12.8.1. Company Overview
12.8.2. Product Offerings
12.8.3. Financial Performance
12.8.4. Recent Initiatives
12.9. Hitachi Energy (Switzerland
12.9.1. Company Overview
12.9.2. Product Offerings
12.9.3. Financial Performance
12.9.4. Recent Initiatives
12.10. Intertek Group (UK)
12.10.1. Company Overview
12.10.2. Product Offerings
12.10.3. Financial Performance
12.10.4. Recent Initiatives
Chapter 13. Research Methodology
13.1. Primary Research
13.2. Secondary Research
13.3. Assumptions
Chapter 14. Appendix
14.1. About Us
14.2. Glossary of Terms
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