Global Smart Energy Market 2024-2028

The smart energy market is forecasted to grow by USD 7.26 bn during 2023-2028, accelerating at a CAGR of 19.1% during the forecast period. The report on the smart energy market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by rising adoption of smart grid technologies, increasing inclination regulations on using energy-efficient equipment, and availability of a wide range of smart home products.

Market Scope
Base Year	2023
End Year	2028
Series Year	2024-2028
Growth Momentum	Accelerate
YOY 2024	18.19%
CAGR	19.1%
Incremental Value	$7.26bn

Technavio's smart energy market is segmented as below:

By Application

Smart grid
Digital oilfield
Smart solar systems
HEMS

By End-user

Industrial
Commercial
Residential

By Geographical Landscape

North America
Europe
APAC
South America
Middle East and Africa

This study identifies the growing investment in smart cities and smart homes as one of the prime reasons driving the smart energy market growth during the next few years. Also, growing demand for wireless smart meters and increasing role of utility service providers in energy management will lead to sizable demand in the market.

The report on the smart energy market covers the following areas:

Smart energy market sizing
Smart energy market forecast
Smart energy market industry analysis

The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading smart energy market vendors that include ABB Ltd., Cisco Systems Inc., Delta Electronics Inc., Enphase Energy Inc., General Electric Co., Honeywell International Inc., International Business Machines Corp., Itron Inc., Kontron AG, Larsen and Toubro Ltd., Mitsubishi Electric Corp., Nextera Energy Inc., Robert Bosch GmbH, Rockwell Automation Inc., SAP SE, Schneider Electric SE, Siemens AG, SMART Energy Solutions, Toshiba Corp., and Xylem Inc.. Also, the smart energy market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.

Product Code: IRTNTR70185

1 Executive Summary

1.1 Market overview
Exhibit 01: Executive Summary - Chart on Market Overview
Exhibit 02: Executive Summary - Data Table on Market Overview
Exhibit 03: Executive Summary - Chart on Global Market Characteristics
Exhibit 04: Executive Summary - Chart on Market By Geographical Landscape
Exhibit 05: Executive Summary - Chart on Market Segmentation by Application
Exhibit 06: Executive Summary - Chart on Market Segmentation by End-user
Exhibit 07: Executive Summary - Chart on Incremental Growth
Exhibit 08: Executive Summary - Data Table on Incremental Growth
Exhibit 09: Executive Summary - Chart on Vendor Market Positioning

2 Market Landscape

2.1 Market ecosystem
Exhibit 10: Parent market
Exhibit 11: Market Characteristics

3 Market Sizing

3.1 Market definition
Exhibit 12: Offerings of vendors included in the market definition
3.2 Market segment analysis
Exhibit 13: Market segments
3.3 Market size 2023
3.4 Market outlook: Forecast for 2023-2028
Exhibit 14: Chart on Global - Market size and forecast 2023-2028 ($ billion)
Exhibit 15: Data Table on Global - Market size and forecast 2023-2028 ($ billion)
Exhibit 16: Chart on Global Market: Year-over-year growth 2023-2028 (%)
Exhibit 17: Data Table on Global Market: Year-over-year growth 2023-2028 (%)

4 Historic Market Size

4.1 Global smart energy market 2018 - 2022
Exhibit 18: Historic Market Size - Data Table on global smart energy market 2018 - 2022 ($ billion)
4.2 Application Segment Analysis 2018 - 2022
Exhibit 19: Historic Market Size - Application Segment 2018 - 2022 ($ billion)
4.3 End-user Segment Analysis 2018 - 2022
Exhibit 20: Historic Market Size - End-user Segment 2018 - 2022 ($ billion)
4.4 Geography Segment Analysis 2018 - 2022
Exhibit 21: Historic Market Size - Geography Segment 2018 - 2022 ($ billion)
4.5 Country Segment Analysis 2018 - 2022
Exhibit 22: Historic Market Size - Country Segment 2018 - 2022 ($ billion)

5 Five Forces Analysis

5.1 Five forces summary
Exhibit 23: Five forces analysis - Comparison between 2023 and 2028
5.2 Bargaining power of buyers
Exhibit 24: Chart on Bargaining power of buyers - Impact of key factors 2023 and 2028
5.3 Bargaining power of suppliers
Exhibit 25: Bargaining power of suppliers - Impact of key factors in 2023 and 2028
5.4 Threat of new entrants
Exhibit 26: Threat of new entrants - Impact of key factors in 2023 and 2028
5.5 Threat of substitutes
Exhibit 27: Threat of substitutes - Impact of key factors in 2023 and 2028
5.6 Threat of rivalry
Exhibit 28: Threat of rivalry - Impact of key factors in 2023 and 2028
5.7 Market condition
Exhibit 29: Chart on Market condition - Five forces 2023 and 2028

6 Market Segmentation by Application

6.1 Market segments
Exhibit 30: Chart on Application - Market share 2023-2028 (%)
Exhibit 31: Data Table on Application - Market share 2023-2028 (%)
6.2 Comparison by Application
Exhibit 32: Chart on Comparison by Application
Exhibit 33: Data Table on Comparison by Application
6.3 Smart grid - Market size and forecast 2023-2028
Exhibit 34: Chart on Smart grid - Market size and forecast 2023-2028 ($ billion)
Exhibit 35: Data Table on Smart grid - Market size and forecast 2023-2028 ($ billion)
Exhibit 36: Chart on Smart grid - Year-over-year growth 2023-2028 (%)
Exhibit 37: Data Table on Smart grid - Year-over-year growth 2023-2028 (%)
6.4 Digital oilfield - Market size and forecast 2023-2028
Exhibit 38: Chart on Digital oilfield - Market size and forecast 2023-2028 ($ billion)
Exhibit 39: Data Table on Digital oilfield - Market size and forecast 2023-2028 ($ billion)
Exhibit 40: Chart on Digital oilfield - Year-over-year growth 2023-2028 (%)
Exhibit 41: Data Table on Digital oilfield - Year-over-year growth 2023-2028 (%)
6.5 Smart solar systems - Market size and forecast 2023-2028
Exhibit 42: Chart on Smart solar systems - Market size and forecast 2023-2028 ($ billion)
Exhibit 43: Data Table on Smart solar systems - Market size and forecast 2023-2028 ($ billion)
Exhibit 44: Chart on Smart solar systems - Year-over-year growth 2023-2028 (%)
Exhibit 45: Data Table on Smart solar systems - Year-over-year growth 2023-2028 (%)
6.6 HEMS - Market size and forecast 2023-2028
Exhibit 46: Chart on HEMS - Market size and forecast 2023-2028 ($ billion)
Exhibit 47: Data Table on HEMS - Market size and forecast 2023-2028 ($ billion)
Exhibit 48: Chart on HEMS - Year-over-year growth 2023-2028 (%)
Exhibit 49: Data Table on HEMS - Year-over-year growth 2023-2028 (%)
6.7 Market opportunity by Application
Exhibit 50: Market opportunity by Application ($ billion)
Exhibit 51: Data Table on Market opportunity by Application ($ billion)

7 Market Segmentation by End-user

7.1 Market segments
Exhibit 52: Chart on End-user - Market share 2023-2028 (%)
Exhibit 53: Data Table on End-user - Market share 2023-2028 (%)
7.2 Comparison by End-user
Exhibit 54: Chart on Comparison by End-user
Exhibit 55: Data Table on Comparison by End-user
7.3 Industrial - Market size and forecast 2023-2028
Exhibit 56: Chart on Industrial - Market size and forecast 2023-2028 ($ billion)
Exhibit 57: Data Table on Industrial - Market size and forecast 2023-2028 ($ billion)
Exhibit 58: Chart on Industrial - Year-over-year growth 2023-2028 (%)
Exhibit 59: Data Table on Industrial - Year-over-year growth 2023-2028 (%)
7.4 Commercial - Market size and forecast 2023-2028
Exhibit 60: Chart on Commercial - Market size and forecast 2023-2028 ($ billion)
Exhibit 61: Data Table on Commercial - Market size and forecast 2023-2028 ($ billion)
Exhibit 62: Chart on Commercial - Year-over-year growth 2023-2028 (%)
Exhibit 63: Data Table on Commercial - Year-over-year growth 2023-2028 (%)
7.5 Residential - Market size and forecast 2023-2028
Exhibit 64: Chart on Residential - Market size and forecast 2023-2028 ($ billion)
Exhibit 65: Data Table on Residential - Market size and forecast 2023-2028 ($ billion)
Exhibit 66: Chart on Residential - Year-over-year growth 2023-2028 (%)
Exhibit 67: Data Table on Residential - Year-over-year growth 2023-2028 (%)
7.6 Market opportunity by End-user
Exhibit 68: Market opportunity by End-user ($ billion)
Exhibit 69: Data Table on Market opportunity by End-user ($ billion)

8 Customer Landscape

8.1 Customer landscape overview
Exhibit 70: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Geographic Landscape

9.1 Geographic segmentation
Exhibit 71: Chart on Market share By Geographical Landscape 2023-2028 (%)
Exhibit 72: Data Table on Market share By Geographical Landscape 2023-2028 (%)
9.2 Geographic comparison
Exhibit 73: Chart on Geographic comparison
Exhibit 74: Data Table on Geographic comparison
9.3 North America - Market size and forecast 2023-2028
Exhibit 75: Chart on North America - Market size and forecast 2023-2028 ($ billion)
Exhibit 76: Data Table on North America - Market size and forecast 2023-2028 ($ billion)
Exhibit 77: Chart on North America - Year-over-year growth 2023-2028 (%)
Exhibit 78: Data Table on North America - Year-over-year growth 2023-2028 (%)
9.4 Europe - Market size and forecast 2023-2028
Exhibit 79: Chart on Europe - Market size and forecast 2023-2028 ($ billion)
Exhibit 80: Data Table on Europe - Market size and forecast 2023-2028 ($ billion)
Exhibit 81: Chart on Europe - Year-over-year growth 2023-2028 (%)
Exhibit 82: Data Table on Europe - Year-over-year growth 2023-2028 (%)
9.5 APAC - Market size and forecast 2023-2028
Exhibit 83: Chart on APAC - Market size and forecast 2023-2028 ($ billion)
Exhibit 84: Data Table on APAC - Market size and forecast 2023-2028 ($ billion)
Exhibit 85: Chart on APAC - Year-over-year growth 2023-2028 (%)
Exhibit 86: Data Table on APAC - Year-over-year growth 2023-2028 (%)
9.6 South America - Market size and forecast 2023-2028
Exhibit 87: Chart on South America - Market size and forecast 2023-2028 ($ billion)
Exhibit 88: Data Table on South America - Market size and forecast 2023-2028 ($ billion)
Exhibit 89: Chart on South America - Year-over-year growth 2023-2028 (%)
Exhibit 90: Data Table on South America - Year-over-year growth 2023-2028 (%)
9.7 Middle East and Africa - Market size and forecast 2023-2028
Exhibit 91: Chart on Middle East and Africa - Market size and forecast 2023-2028 ($ billion)
Exhibit 92: Data Table on Middle East and Africa - Market size and forecast 2023-2028 ($ billion)
Exhibit 93: Chart on Middle East and Africa - Year-over-year growth 2023-2028 (%)
Exhibit 94: Data Table on Middle East and Africa - Year-over-year growth 2023-2028 (%)
9.8 US - Market size and forecast 2023-2028
Exhibit 95: Chart on US - Market size and forecast 2023-2028 ($ billion)
Exhibit 96: Data Table on US - Market size and forecast 2023-2028 ($ billion)
Exhibit 97: Chart on US - Year-over-year growth 2023-2028 (%)
Exhibit 98: Data Table on US - Year-over-year growth 2023-2028 (%)
9.9 China - Market size and forecast 2023-2028
Exhibit 99: Chart on China - Market size and forecast 2023-2028 ($ billion)
Exhibit 100: Data Table on China - Market size and forecast 2023-2028 ($ billion)
Exhibit 101: Chart on China - Year-over-year growth 2023-2028 (%)
Exhibit 102: Data Table on China - Year-over-year growth 2023-2028 (%)
9.10 Germany - Market size and forecast 2023-2028
Exhibit 103: Chart on Germany - Market size and forecast 2023-2028 ($ billion)
Exhibit 104: Data Table on Germany - Market size and forecast 2023-2028 ($ billion)
Exhibit 105: Chart on Germany - Year-over-year growth 2023-2028 (%)
Exhibit 106: Data Table on Germany - Year-over-year growth 2023-2028 (%)
9.11 France - Market size and forecast 2023-2028
Exhibit 107: Chart on France - Market size and forecast 2023-2028 ($ billion)
Exhibit 108: Data Table on France - Market size and forecast 2023-2028 ($ billion)
Exhibit 109: Chart on France - Year-over-year growth 2023-2028 (%)
Exhibit 110: Data Table on France - Year-over-year growth 2023-2028 (%)
9.12 UK - Market size and forecast 2023-2028
Exhibit 111: Chart on UK - Market size and forecast 2023-2028 ($ billion)
Exhibit 112: Data Table on UK - Market size and forecast 2023-2028 ($ billion)
Exhibit 113: Chart on UK - Year-over-year growth 2023-2028 (%)
Exhibit 114: Data Table on UK - Year-over-year growth 2023-2028 (%)
9.13 Market opportunity By Geographical Landscape
Exhibit 115: Market opportunity By Geographical Landscape ($ billion)
Exhibit 116: Data Tables on Market opportunity By Geographical Landscape ($ billion)

10 Drivers, Challenges, and Trends

10.1 Market drivers
10.2 Market challenges
10.3 Impact of drivers and challenges
Exhibit 117: Impact of drivers and challenges in 2023 and 2028
10.4 Market trends

11 Vendor Landscape

11.1 Overview
11.2 Vendor landscape
Exhibit 118: Overview on Criticality of inputs and Factors of differentiation
11.3 Landscape disruption
Exhibit 119: Overview on factors of disruption
11.4 Industry risks
Exhibit 120: Impact of key risks on business

12 Vendor Analysis

12.1 Vendors covered
Exhibit 121: Vendors covered
12.2 Market positioning of vendors
Exhibit 122: Matrix on vendor position and classification
12.3 ABB Ltd.
Exhibit 123: ABB Ltd. - Overview
Exhibit 124: ABB Ltd. - Business segments
Exhibit 125: ABB Ltd. - Key offerings
Exhibit 126: ABB Ltd. - Segment focus
12.4 General Electric Co.
Exhibit 127: General Electric Co. - Overview
Exhibit 128: General Electric Co. - Business segments
Exhibit 129: General Electric Co. - Key news
Exhibit 130: General Electric Co. - Key offerings
Exhibit 131: General Electric Co. - Segment focus
12.5 Honeywell International Inc.
Exhibit 132: Honeywell International Inc. - Overview
Exhibit 133: Honeywell International Inc. - Business segments
Exhibit 134: Honeywell International Inc. - Key news
Exhibit 135: Honeywell International Inc. - Key offerings
Exhibit 136: Honeywell International Inc. - Segment focus
12.6 International Business Machines Corp.
Exhibit 137: International Business Machines Corp. - Overview
Exhibit 138: International Business Machines Corp. - Business segments
Exhibit 139: International Business Machines Corp. - Key news
Exhibit 140: International Business Machines Corp. - Key offerings
Exhibit 141: International Business Machines Corp. - Segment focus
12.7 Itron Inc.
Exhibit 142: Itron Inc. - Overview
Exhibit 143: Itron Inc. - Business segments
Exhibit 144: Itron Inc. - Key offerings
Exhibit 145: Itron Inc. - Segment focus
12.8 Kontron AG
Exhibit 146: Kontron AG - Overview
Exhibit 147: Kontron AG - Business segments
Exhibit 148: Kontron AG - Key offerings
Exhibit 149: Kontron AG - Segment focus
12.9 Larsen and Toubro Ltd.
Exhibit 150: Larsen and Toubro Ltd. - Overview
Exhibit 151: Larsen and Toubro Ltd. - Business segments
Exhibit 152: Larsen and Toubro Ltd. - Key news
Exhibit 153: Larsen and Toubro Ltd. - Key offerings
Exhibit 154: Larsen and Toubro Ltd. - Segment focus
12.10 Mitsubishi Electric Corp.
Exhibit 155: Mitsubishi Electric Corp. - Overview
Exhibit 156: Mitsubishi Electric Corp. - Business segments
Exhibit 157: Mitsubishi Electric Corp. - Key news
Exhibit 158: Mitsubishi Electric Corp. - Key offerings
Exhibit 159: Mitsubishi Electric Corp. - Segment focus
12.11 Robert Bosch GmbH
Exhibit 160: Robert Bosch GmbH - Overview
Exhibit 161: Robert Bosch GmbH - Business segments
Exhibit 162: Robert Bosch GmbH - Key news
Exhibit 163: Robert Bosch GmbH - Key offerings
Exhibit 164: Robert Bosch GmbH - Segment focus
12.12 Rockwell Automation Inc.
Exhibit 165: Rockwell Automation Inc. - Overview
Exhibit 166: Rockwell Automation Inc. - Business segments
Exhibit 167: Rockwell Automation Inc. - Key news
Exhibit 168: Rockwell Automation Inc. - Key offerings
Exhibit 169: Rockwell Automation Inc. - Segment focus
12.13 SAP SE
Exhibit 170: SAP SE - Overview
Exhibit 171: SAP SE - Business segments
Exhibit 172: SAP SE - Key news
Exhibit 173: SAP SE - Key offerings
Exhibit 174: SAP SE - Segment focus
12.14 Schneider Electric SE
Exhibit 175: Schneider Electric SE - Overview
Exhibit 176: Schneider Electric SE - Business segments
Exhibit 177: Schneider Electric SE - Key news
Exhibit 178: Schneider Electric SE - Key offerings
Exhibit 179: Schneider Electric SE - Segment focus
12.15 Siemens AG
Exhibit 180: Siemens AG - Overview
Exhibit 181: Siemens AG - Business segments
Exhibit 182: Siemens AG - Key news
Exhibit 183: Siemens AG - Key offerings
Exhibit 184: Siemens AG - Segment focus
12.16 Toshiba Corp.
Exhibit 185: Toshiba Corp. - Overview
Exhibit 186: Toshiba Corp. - Business segments
Exhibit 187: Toshiba Corp. - Key news
Exhibit 188: Toshiba Corp. - Key offerings
Exhibit 189: Toshiba Corp. - Segment focus
12.17 Xylem Inc.
Exhibit 190: Xylem Inc. - Overview
Exhibit 191: Xylem Inc. - Business segments
Exhibit 192: Xylem Inc. - Key offerings
Exhibit 193: Xylem Inc. - Segment focus

13 Appendix

13.1 Scope of the report
13.2 Inclusions and exclusions checklist
Exhibit 194: Inclusions checklist
Exhibit 195: Exclusions checklist
13.3 Currency conversion rates for US$
Exhibit 196: Currency conversion rates for US$
13.4 Research methodology
Exhibit 197: Research methodology
Exhibit 198: Validation techniques employed for market sizing
Exhibit 199: Information sources
13.5 List of abbreviations
Exhibit 200: List of abbreviations