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Asia Pacific Smart Grid Market Share

Report ID: GMI8748
Published Date: Mar 2024
Report Format: PDF

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Asia Pacific Smart Grid Market Share

Siemens holds a significant position in the Asia-Pacific smart grid industry due to its comprehensive portfolio of innovative solutions, extensive regional presence, and strategic partnerships. Its advanced grid technologies, such as intelligent substations and grid automation systems, cater to the region's evolving energy needs, ensuring efficient and reliable power distribution. This, coupled with Siemens' reputation for quality and reliability, solidifies its substantial market share in the region.

Asia Pacific Smart Grid Market Companies

Some of the key market players operating across the Asia Pacific smart grid industry are:

ABB
Belden Inc.
Cisco Systems, Inc.
Eaton
Fujitsu
General Electric
Honeywell International Inc.
Hubbell
IBM
Itron Inc.
Landis+Gyr
Oracle
Schneider Electric
Siemens
Trilliant Holdings Inc.
Wipro

Authors: Ankit Gupta, Vishal Sain

Frequently Asked Questions (FAQ) :

The market size for smart grid in Asia Pacific reached USD 22.7 billion in 2023 and is set to record a CAGR of 11.9% through 2032, led by rapid urbanization and industrialization.

Advanced metering infrastructure technology segment of Asia Pacific smart grid industry held a decent share in 2023 and is anticipated to grow over USD 26.5 billion by 2032, as it enables utilities to remotely monitor and manage energy consumption, enhancing grid efficiency and reliability.

China market is projected to surpass USD 37.5 billion by 2032, owing to the government's focus on energy security, grid modernization, and environmental sustainability.

ABB, Belden Inc., Cisco Systems, Inc., Eaton, Fujitsu, General Electric, Honeywell International Inc., Hubbell, IBM, Itron Inc., Landis+Gyr, Oracle, Schneider Electric are some of the major industry contenders.