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Power Grid System Market Size At Around US$ 17.5 Bn In 2030

 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.

Power Grid System Market Size 2022 To 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 CoverageDetails
Market Size in 2022

USD 9.3 Billion

Market Size by 2030

USD 17.5 Billion

Growth Rate from 2022 to 2030CAGR of 7.28%
Base Year2021
Forecast Period2022 to 2030
Segments CoveredComponents, 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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