India Smart Grid Market Size, Share, Opportunities And Trends By Functions (Generation, Transmission, Distribution), By Components (Hardware, Software) And By Services (Operation and Maintenance, Professional Services, Others) - Forecasts From 2023 To 2028

The India smart grid market was valued at US$309.397 million in 2021 and is projected to expand at a CAGR of 33.01% over the forecast period to reach US$2,279.049 million by 2028. 

This research study examines the Indian smart grid market based on various segments: function, components, and services. First, a brief overview of the market details key driving factors and challenges. Next, Porter's five forces model analyzes India’s smart grid industry comprehensively. This is followed by industry value chain analysis which determines the companies which are part of the different processes and contributing to various sectors.

The study also presents in-depth information concerning the development, trends, and industry policies and regulations affecting India’s smart grid market. Moreover, the research study analyzes the overall regulatory framework of India’s smart grid sector, offering stakeholders a better understanding of the key factors influencing the overall market environment.

India smart grid market – Forecasts from 2023 to 2028 are a comprehensive and latest report. It provides vital market information to executives and interested stakeholders to enable them to get vital market information. The report also analyzes the competitive landscape and details strategies of key market players and also plots them on our vendor matrix in four quadrants: leader, follower, challenger, and niche.

The scope and coverage of the India smart grid market report are as below:

• India smart grid market data tables and charts
• Market outlook with sections on drivers, restraints, Porter’s, and industry value chain analysis.
• Market assessment by function into generation, transmission, and distribution.
• Detailed market trends, analysis, and graphical representation by components into hardware and software.
• In-depth analysis of the India smart grid market by services in operation and maintenance, professional services, and others.

India Smart Grid Market Scope:

 

Report Metric	Details
Market Size Value in 2021	US$309.397 million
Market Size Value in 2028	US$2,279.049 million
Growth Rate	CAGR of 33.01% from 2021 to 2028
Base Year	2021
Forecast Period	2023 – 2028
Forecast Unit (Value)	USD Million
Segments Covered	Function Component Services
Companies Covered	Power System Operation Corporation Limited (POSOCPO) ABB Limited Cisco Systems, Inc HCL Technologies Limited Schneider Electric SE
Customization Scope	Free report customization with purchase

 

Different segments covered under the India smart grid market report are as below:

• By Function
  • Generation
  • Transmission
  • Distribution
• By Component
  • Hardware
    • Transformers
    • Circuit Breakers
    • SCADA Devices
    • Safety Devices
    • Programmable Logic Controllers
    • Network Sensors
    • Others
  • Software
    • Advanced Metering Infrastructure
    • Power Delivery and Communication Management
    • Sub-Station Automation
    • Asset Management
    • Smart Billing Management
    • Others
• By Services
  • Operation and Maintenance
  • Professional Services
  • Others

1.  INTRODUCTION

1.1. Market Overview

1.2. Market Definition

1.3. Scope of the Study

1.4. Market Segmentation

1.5. Currency

1.6. Assumptions

1.7. Base, and Forecast Years Timeline

2. RESEARCH METHODOLOGY  

2.1. Research Data

2.2. Assumptions

3. EXECUTIVE SUMMARY

3.1. Research Highlights

4. MARKET DYNAMICS

4.1. Market Drivers

4.2. Market Restraints

4.3. Porter’s Five Force Analysis

4.3.1. Bargaining Power of Suppliers

4.3.2. Bargaining Power of Buyers

4.3.3. Threat of New Entrants

4.3.4. Threat of Substitutes

4.3.5. Competitive Rivalry in the Industry

4.4. Industry Value Chain Analysis

5. INDIA SMART GRID MARKET, BY FUNCTION

5.1. Introduction

5.2. Generation

5.3. Transmission

5.4. Distribution

6. INDIA SMART GRID MARKET, BY COMPONENT

6.1. Introduction

6.2. Hardware

6.2.1. Transformers

6.2.2. Circuit Breakers

6.2.3. SCADA Devices

6.2.4. Safety Devices

6.2.5. Programmable Logic Controllers

6.2.6. Network Sensors

6.2.7. Others

6.3. Software

6.3.1. Advanced Metering Infrastructure

6.3.2. Power Delivery and Communication Management

6.3.3. Sub-Station Automation

6.3.4. Asset Management

6.3.5. Smart Billing Management

6.3.6. Others

7. INDIA SMART GRID MARKET, BY SERVICES 

7.1. Introduction

7.2. Operation and Maintenance

7.3. Professional Services

7.4. Others

8. COMPETITIVE ENVIRONMENT AND ANALYSIS

8.1. Major Players and Strategy Analysis

8.2. Emerging Players and Market Lucrativeness

8.3. Mergers, Acquisitions, Agreements, and Collaborations

8.4. Vendor Competitiveness Matrix

9. COMPANY PROFILES

9.1. Power System Operation Corporation Limited (POSOCPO)

9.2. ABB Limited

9.3. Cisco Systems, Inc

9.4. HCL Technologies Limited

9.5. Schneider Electric SE

9.6. Accenture PLC

9.7. Capgemini SE

9.8. General Electric Company

9.9. Honeywell International Inc.

9.10. Siemens AG

Power System Operation Corporation Limited (POSOCPO)

ABB Limited

Cisco Systems, Inc

HCL Technologies Limited

Schneider Electric SE

Accenture PLC

Capgemini SE

General Electric Company

Honeywell International Inc.

Siemens AG