Smart Energy Market is Projected to Grow Massively in Near
Future by 2030

Smart Energy Market Growth
Trend & Forecast with latest research study released by Delvens evaluating
the market risk side analysis, highlighting opportunities, and leveraging
strategic and tactical decision-making support. The report provides information
on market trends and development, growth drivers, technologies, and the
changing investment structure of the Global market, the Smart Energy market
size was estimated at USD 169.76 billion in 2023 and is projected to reach USD
308.35 billion in 2030 at a CAGR of 8.90% during the Forecast to 2030.

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Report: https://www.delvens.com/get-free-sample/smart-energy-market

Smart energy refers to a sustainable energy management
solution that utilizes energy-efficient, renewable and the Internet of Things
(IoT)-integrated systems and devices. It involves smart electricity, gas, solar
and thermal grids and home energy management systems that use distributed
generation systems, meters and modules for one-way or two-way communications.
These solutions are used for collecting and storing data that are further
transmitted to computers, laptops, smartphones and power line carriers.

Recent Developments

General Electric Digital announced DERMS solution to power
the energy transition and help keep the electricity grid safe, secure and
resilient. GE Digital and Opus One solutions have come together to help
utilities on their DERs journey with a modular DERMS platform.

GE launched Lifespan, a new digital product portfolio
enabling our customers to optimize renewable asset performance and operations
across their fleet. It will help connect operators with the information and
insights required to seamlessly drive action across all aspects of their
organization.

North America to
Dominate the Market

·       
North America is estimated to account for the
largest market share during the forecast period. The growth of the market smart
energy market in North America is being driven by the increasing demand for
these technologies from utilities, governments and businesses.

·       
Moreover, the increased demand for cost
effective solutions for household and commercial applications is also driving
the growth of the market.

The Prominent Players
in the Smart Energy Market:

·       
ABB Ltd.

·       
General Electric Company

·       
Honeywell International Inc.

·       
International Business Machines Corporation

·       
Itron Inc.

·       
Landis+Gyr AG

·       
Larsen & Toubro Limited

·       
Robert Bosch GmbH

·       
S&T AG

·       
Schneider Electric SE

·       
Sensus (Xylem Inc.)

·       
Siemens AG

·       
Kontron AG

·       
Mitsubishi Electric Corp.

·       
Rockwell Automation Inc.

·       
SAP SE and More

Key Findings

·       
Based on product, the smart energy market is
divided into smart grid, digital oilfield, smart solar, and home energy
management system. The smart grid is the highest contributor in this segment
and is expected to further grow during the forecast period.

·       
Based on end user, the market is bifurcated into
residential, industrial, and commercial. The industrial segment dominated the
market in the segment and is expected to grow further during the forecast
period.

·       
Based on component, the market is segmented into
hardware and equipment, solution and service. The hardware and equipment
segment dominated the smart energy market in 2022. This segment is expected to
continue to dominate the market during the forecast period.

·       
The market is also divided into various regions
such as North America, Europe, Asia-Pacific, South America, and Middle East and
Africa. North America is estimated to account for the largest market share
during the forecast period.

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In addition to the
market data for the Smart Energy Market, Delvens offers client-centric reports
customized according to the company’s specific demand and requirements.

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