The global power grid system market size is estimated at USD 11.37 billion in 2025 and is forecasted to reach around USD 21.26 billion by 2034, accelerating at a CAGR of ccc% from 2025 to 2034. The Europe power grid system market size surpassed USD 4.89 billion in 2025 and is expanding at a CAGR of 7.35% during the forecast period. The market sizing and forecasts are revenue-based (USD Million/Billion), with 2024 as the base year.
1.1. Research Objective
1.2. Scope of the Study
1.3. Definition
2.1. Research Approach
2.2. Data Sources
2.3. Assumptions & Limitations
3.1. Market Snapshot
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
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
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
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
8.1. Power Grid System Market, by Components
8.1.1 Cables
8.1.1.1. Market Revenue and Forecast
8.1.2. Variable Speed Drives
8.1.2.1. Market Revenue and Forecast
8.1.3. Transformers
8.1.3.1. Market Revenue and Forecast
8.1.4. Switchgears
8.1.4.1. Market Revenue and Forecast
8.1.5. Others (connectors, actuators, sensors, and penetrators)
8.1.5.1. Market Revenue and Forecast
9.1. Power Grid System Market, by Application
9.1.1. Captive Generation
9.1.1.1. Market Revenue and Forecast
9.1.2. Wind Power
9.1.2.1. Market Revenue and Forecast
9.1.3. Others (tidal power, solar power, and diesel & gas based floating power plants)
9.1.3.1. Market Revenue and Forecast
10.1. Power Grid System Market, by Depth
10.1.1. Shallow Water
10.1.1.1. Market Revenue and Forecast
10.1.2. Deepwater
10.1.2.1. Market Revenue and Forecast
11.1. North America
11.1.1. Market Revenue and Forecast, by Components
11.1.2. Market Revenue and Forecast, by Application
11.1.3. Market Revenue and Forecast, by Depth
11.1.4. U.S.
11.1.4.1. Market Revenue and Forecast, by Components
11.1.4.2. Market Revenue and Forecast, by Application
11.1.4.3. Market Revenue and Forecast, by Depth
11.1.5. Rest of North America
11.1.5.1. Market Revenue and Forecast, by Components
11.1.5.2. Market Revenue and Forecast, by Application
11.1.5.3. Market Revenue and Forecast, by Depth
11.2. Europe
11.2.1. Market Revenue and Forecast, by Components
11.2.2. Market Revenue and Forecast, by Application
11.2.3. Market Revenue and Forecast, by Depth
11.2.4. UK
11.2.4.1. Market Revenue and Forecast, by Components
11.2.4.2. Market Revenue and Forecast, by Application
11.2.4.3. Market Revenue and Forecast, by Depth
11.2.5. Germany
11.2.5.1. Market Revenue and Forecast, by Components
11.2.5.2. Market Revenue and Forecast, by Application
11.2.5.3. Market Revenue and Forecast, by Depth
11.2.6. France
11.2.6.1. Market Revenue and Forecast, by Components
11.2.6.2. Market Revenue and Forecast, by Application
11.2.6.3. Market Revenue and Forecast, by Depth
11.2.7. Rest of Europe
11.2.7.1. Market Revenue and Forecast, by Components
11.2.7.2. Market Revenue and Forecast, by Application
11.2.7.3. Market Revenue and Forecast, by Depth
11.3. APAC
11.3.1. Market Revenue and Forecast, by Components
11.3.2. Market Revenue and Forecast, by Application
11.3.3. Market Revenue and Forecast, by Depth
11.3.4. India
11.3.4.1. Market Revenue and Forecast, by Components
11.3.4.2. Market Revenue and Forecast, by Application
11.3.4.3. Market Revenue and Forecast, by Depth
11.3.5. China
11.3.5.1. Market Revenue and Forecast, by Components
11.3.5.2. Market Revenue and Forecast, by Application
11.3.5.3. Market Revenue and Forecast, by Depth
11.3.6. Japan
11.3.6.1. Market Revenue and Forecast, by Components
11.3.6.2. Market Revenue and Forecast, by Application
11.3.6.3. Market Revenue and Forecast, by Depth
11.3.7. Rest of APAC
11.3.7.1. Market Revenue and Forecast, by Components
11.3.7.2. Market Revenue and Forecast, by Application
11.3.7.3. Market Revenue and Forecast, by Depth
11.4. MEA
11.4.1. Market Revenue and Forecast, by Components
11.4.2. Market Revenue and Forecast, by Application
11.4.3. Market Revenue and Forecast, by Depth
11.4.4. GCC
11.4.4.1. Market Revenue and Forecast, by Components
11.4.4.2. Market Revenue and Forecast, by Application
11.4.4.3. Market Revenue and Forecast, by Depth
11.4.5. North Africa
11.4.5.1. Market Revenue and Forecast, by Components
11.4.5.2. Market Revenue and Forecast, by Application
11.4.5.3. Market Revenue and Forecast, by Depth
11.4.6. South Africa
11.4.6.1. Market Revenue and Forecast, by Components
11.4.6.2. Market Revenue and Forecast, by Application
11.4.6.3. Market Revenue and Forecast, by Depth
11.4.7. Rest of MEA
11.4.7.1. Market Revenue and Forecast, by Components
11.4.7.2. Market Revenue and Forecast, by Application
11.4.7.3. Market Revenue and Forecast, by Depth
11.5. Latin America
11.5.1. Market Revenue and Forecast, by Components
11.5.2. Market Revenue and Forecast, by Application
11.5.3. Market Revenue and Forecast, by Depth
11.5.4. Brazil
11.5.4.1. Market Revenue and Forecast, by Components
11.5.4.2. Market Revenue and Forecast, by Application
11.5.4.3. Market Revenue and Forecast, by Depth
11.5.5. Rest of LATAM
11.5.5.1. Market Revenue and Forecast, by Components
11.5.5.2. Market Revenue and Forecast, by Application
11.5.5.3. Market Revenue and Forecast, by Depth
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
13.1. Primary Research
13.2. Secondary Research
13.3. Assumptions
14.1. About Us
14.2. Glossary of Terms
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