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Power Grid System Market
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Power Grid System Market

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Power Grid System Market - Global Size, Share, Trend Analysis, Opportunity and Forecast Report, 2019–2029, Segmented By Component (Cables, Variable Speed Drives, Transformers, Switchgears, Others (Connectors, Actuators, Sensors, Penetrators)); By Application (Captive Generation, Wind Power, Others (Tidal Power, Solar Power, Diesel & Gas based Floating Power Plants)); By Depth (Shallow Water, Deepwater); By Region (North America, Europe, Asia Pacific, Latin America, Middle East and Africa)

  • Published Date: March 2023
  • Report ID: BWC23216
  • Available Format: PDF
  • Page: 400

Report Overview

Rising deepwater oil & gas exploration activities and governments initiatives that aid with the generation and distribution of power are expected to drive global power grid system market during the forecast period between 2023 and 2029.

Global Power Grid System Market - Industry Trends & Forecast Report, 2029

The global power grid system market size was estimated to be worth USD 10.27 billion in 2022. During the forecast period between 2023 and 2029, the global power grid system market size is projected to grow at a CAGR of 11.04% reaching a value of USD 21.28 billion by 2029. Major growth factors for the global power grid system market include increasing government attempts to decrease carbon emissions and increase grid reliability and efficiency, as well as increasing demand for subsea power grid systems.

Power Grid System Market

Global Power Grid System Market – Overview

The power grid system is a network that distributes electricity to consumers. The electricity grid consists of individual customer distribution lines, generating stations, transmission lines, and towers. Radial, Loop, and Network are the three fundamental types of distribution system architectures. All three systems may be combined, and this is frequently done by regions. The least expensive to construct is the radial distribution system, which is frequently utilized in sparsely populated areas. Power grid system offers lower energy losses and more efficient electricity generation, which is why it is frequently adopted by countries.

Global Power Grid System Market

Growth Drivers

Easy Access to Wind Turbine Technology to Offshore Locations

Due to improved accessibility and ease of use of wind turbine technology, manufacturers and other participants in the global power grid system market are expected to profit from favorable growth and expansion possibilities in the coming years. Both the private and public sector players are engaging in extensive research activities to yield the maximum efficiency of renewable energy sources and power grid systems. General Electric (GE) and the National Renewable Energy Laboratory (NREL), for instance, put a typical class of wind turbines into the grid-forming mode, which allows the generator to control grid voltage and frequency and, if required, run independently of the electric grid. These projects are expected to offer lucrative growth opportunities to the overall growth of global power grid system market during the period in analysis.

Restraints

Unstable Shift toward Renewable Energy Sources

By 2050, it is forecast that renewable energy sources would account for 62% of all energy produced. The effectiveness of renewable energy sources (RES) is reliant on the weather, thus connecting them to the grid is not as easy as it may appear. This viewpoint views RES as an unstable energy source whose operation, without a sophisticated management system, can result in a significant grid imbalance, which may hamper the global power grid system market growth.

Impact of COVID-19 on Global Power Grid System Market

The effects of COVID-19 have consistently been negative for the world economy. The global impact of Covid-19 has been multifaceted, complex, and extensive. Many groups assessed its effect on the world economy, although the analyses varied and diverged substantially. The world economy (measured in terms of GDP) was predicted to decrease by 5.2% in 2020, according to the World Bank's Global Economic Outlook study from June of that year. Both developed and emerging economies were predicted to decrease by 7% and 2.5%, respectively. The downfall in the global economy has had a negative influence on the energy industry, particularly the global power grid system market.

Global Power Grid System Market

Segmental Coverage

Global Power Grid System Market – By Component

Based on component, the global power grid system market is divided into cables, variable speed drives, transformers, switchgear, and other segments. The variable speed drives segment accounts for the highest market share. In comparison to fixed-speed operation, variable-speed drives result in a significant power decrease for a relatively minor speed reduction. Efficient energy improvement technologies, such as VFDs, have the potential to save 18% of the energy consumed by the 40 million motors in the US. To reduce mechanical and electrical strain even further, variable-speed drives can also operate a motor in specific patterns. All these benefits favor its market growth over its counterparts.

Global Power Grid System Market – By Application

Based on application, the global power grid system market is segmented into captive generation, wind power, and others. The captive generation segment holds the highest share in the global power grid system market owing to the high number of commercial facilities as well as favorable government policies. Compared to the captive generation to other applications, the cost tends to be lower. Industrial tariffs frequently exceed residential rates, which has an impact on the profit maximization condition. The primary reason modern industries should switch to captive generating is because of their cost-saving policies, which contribute to market growth.

Global Power Grid System Market – By Depth

Based on depth, the global power grid system market is segmented into shallow water and deepwater. The shallow water segment accounts for a higher market share owing to the expanding oil and gas exploration and production activities worldwide. Projects to develop subsea fields in the future will heavily rely on subsea power distribution systems. The subsea power grid is a system that makes it possible to use several seabed power consumers for subsea processing. With single- or multi-phase boosting to promote oil recovery, the system is perfectly suited to provide increased recovery in subsea brownfield projects and tie-back fields.

Global Power Grid System Market – By Region

Global power grid system market covers five major regions: North America, Europe, Asia Pacific, Latin America, and Middle East and Africa. Europe dominates the global power grid system market owing to the high demand for renewable energy along with favorable government initiatives to boost it. According to Europa EU, “In 2021, renewable energy sources made up 37.5% of gross electricity consumption in the EU, very similar to the previous year (37.4% in 2020).” Major European countries such as the UK, Norway, and Sweden have been at the forefront of renewable energy capacity generation.

Competitive Landscape

Major players operating in the global power grid system market include ABB, Aker Solutions ASA, Apar Industries, Baker Hughes, Deep C, DEME, Furukawa Electric Co., Ltd., General Electric, Hitachi Energy, Intertek Group, J+S Subsea, LS Cable & System, Nexans, NKT, Oceaneering International, Prysmian Group, Schlumberger, and Schneider Electric. To further enhance their market share, these companies employ various strategies, including mergers and acquisitions, partnerships, joint ventures, license agreements, and new product launches.

Recent Developments

  • In February 2023 - Hitachi Energy inaugurated a new high-voltage direct current (HVDC) and power quality factory in Chennai, India, which will manufacture advanced power electronics for HVDC Light, HVDC Classic, and STATCOM, together with MACH control and protection system.

Scope of the Report

Attributes

Details

Years Considered

Historical Data – 2019–2022

Base Year – 2022

Estimated Year – 2023

Forecast Period – 2023–2029

Facts Covered

Revenue in USD Billion

Market Coverage

North America, Europe, Asia Pacific, Latin America, Middle East and Africa

Product/ Service Segmentation

Component, Application, Depth, Region

Key Players

ABB, Aker Solutions ASA, Apar Industries, Baker Hughes, Deep C, DEME, Furukawa Electric Co., Ltd., General Electric, Hitachi Energy, Intertek Group, J+S Subsea, LS Cable & System, Nexans, NKT, Oceaneering International, Prysmian Group, Schlumberger, Schneider Electric

 

 

By Component

  • Cables

  • Variable Speed Drives

  • Transformers

  • Switchgears

  • Others (Connectors, Actuators, Sensors, Penetrators)

By Application

  • Captive Generation

  • Wind Power

  • Others (Tidal Power, Solar Power, And Diesel & Gas Based Floating Power Plants)

By Depth

  • Shallow Water

  • Deepwater

By Region

  • North America

  • Europe

  • Asia Pacific (APAC)

  • Latin America

  • Middle East and Africa (MEA)

  1. Research Framework
    1. Research Objective
    2. Product Overview
    3. Market Segmentation
  2. Executive Summary
  3. Global Power Grid System Market Insights
    1. Industry Value Chain Analysis
    2. DROC Analysis
      1. Growth Drivers
        1. Rising Deepwater Oil & Gas Exploration Activities
        2. Government Initiatives that Aid with Production
      2. Restraints
        1. High Operational and Technological Risks
      3.  Opportunities
        1. Easy Access to Wine Turbine Technology to Offshore Locations
      4. Challenges
        1. Low Cost of Onshore Electricity Generation
    3. Technological Advancement/Recent Developments
    4. Regulatory Framework
    5. Porter’s Five Forces Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of New Entrants
      4. Threat of Substitutes
      5. Intensity of Rivalry
  4. Global Power Grid System Market Overview
    1. Market Size & Forecast, 2019–2029
      1. By Value (USD Billion)
    2. Market Share & Forecast
      1. By Component
        1. Cables
        2. Variable Speed Drives
        3. Transformers
        4. Switchgears
        5. Others (Connectors, Actuators, Sensors, And Penetrators)
      2. By Application
        1. Captive Generation
        2. Wind Power
        3. Others (Tidal Power, Solar Power, And Diesel & Gas Based Floating Power Plants)
      3. By Depth
        1. Shallow Water
        2. Deepwater
      4. By Region
        1. North America
        2. Europe
        3. Asia Pacific (APAC)
        4. Latin America
        5. Middle East and Africa (MEA)
  5. North America Power Grid System Market
    1. Market Size & Forecast, 2019–2029
      1. By Value (USD Billion)
    2. Market Share & Forecast
      1. By Component
      2. By Application
      3. By Depth
      4. By Country
        1. US
          1. By Component
          2. By Application
          3. By Depth
        2. Canada
          1. By Component
          2. By Application
          3. By Depth
  6. Europe Power Grid System Market
    1. Market Size & Forecast, 2019–2029
      1. By Value (USD Billion)
    2. Market Share & Forecast
      1. By Component
      2. By Application
      3. By Depth
      4. By Country
        1. Germany
          1. By Component
          2. By Application
          3. By Depth
        2. UK
          1. By Component
          2. By Application
          3. By Depth
        3. Italy
          1. By Component
          2. By Application
          3. By Depth
        4. France
          1. By Component
          2. By Application
          3. By Depth
        5. Spain
          1. By Component
          2. By Application
          3. By Depth
        6. The Netherlands
          1. By Component
          2. By Application
          3. By Depth
        7. Rest of Europe
          1. By Component
          2. By Application
          3. By Depth
  7. Asia Pacific Power Grid System Market
    1. Market Size & Forecast, 2019–2029
      1. By Value (USD Billion)
    2. Market Share & Forecast
      1. By Component
      2. By Application
      3. By Depth
      4. By Country
        1. China
          1. By Component
          2. By Application
          3. By Depth
        2. India
          1. By Component
          2. By Application
          3. By Depth
        3. Japan
          1. By Component
          2. By Application
          3. By Depth
        4. South Korea
          1. By Component
          2. By Application
          3. By Depth
        5. Australia & New Zealand
          1. By Component
          2. By Application
          3. By Depth
        6. Indonesia
          1. By Component
          2. By Application
          3. By Depth
        7. Malaysia
          1. By Component
          2. By Application
          3. By Depth
        8. Singapore
          1. By Component
          2. By Application
          3. By Depth
        9. Philippines
          1. By Component
          2. By Application
          3. By Depth
        10. Vietnam
          1. By Component
          2. By Application
          3. By Depth
        11. Rest of APAC
          1. By Component
          2. By Application
          3. By Depth
  8. Latin America Power Grid System Market
    1. Market Size & Forecast, 2019–2029
      1. By Value (USD Billion)
    2. Market Share & Forecast
      1. By Component
      2. By Application
      3. By Depth
      4. By Country
        1. Brazil
          1. By Component
          2. By Application
          3. By Depth
        2. Mexico
          1. By Component
          2. By Application
          3. By Depth
        3. Argentina
          1. By Component
          2. By Application
          3. By Depth
        4. Peru
          1. By Component
          2. By Application
          3. By Depth
        5. Rest of LATAM
          1. By Component
          2. By Application
          3. By Depth
  9. Middle East & Africa Power Grid System Market
    1. Market Size & Forecast, 2019–2029
      1. By Value (USD Billion)
    2. Market Share & Forecast
      1. By Component
      2. By Application
      3. By Depth
      4. By Country
        1. Saudi Arabia
          1. By Component
          2. By Application
          3. By Depth
        2. UAE
          1. By Component
          2. By Application
          3. By Depth
        3. Qatar
          1. By Component
          2. By Application
          3. By Depth
        4. Kuwait
          1. By Component
          2. By Application
          3. By Depth
        5. South Africa
          1. By Component
          2. By Application
          3. By Depth
        6. Nigeria
          1. By Component
          2. By Application
          3. By Depth
        7. Algeria
          1. By Component
          2. By Application
          3. By Depth
        8. Rest of MEA
          1. By Component
          2. By Application
          3. By Depth
  10. Competitive Landscape
    1. List of Key Players and Their Offerings
    2. Global Power Grid System Company Market Share Analysis, 2022
    3. Competitive Benchmarking, By Operating Parameters
    4. Key Strategic Developments (Mergers, Acquisitions, Partnerships, etc.)
  11. Impact of Covid-19 on Global Power Grid System Market
  12. Company Profile (Company Overview, Financial Matrix, Competitive Landscape, Key Personnel, Key Competitors, Contact Address, Strategic Outlook, SWOT Analysis)
    1. ABB
    2. Aker Solutions ASA
    3. Apar Industries
    4. Baker Hughes
    5. Deep C
    6. DEME
    7. Furukawa Electric Co., Ltd.
    8. General Electric
    9. Hitachi Energy
    10. Intertek Group
    11. J+S Subsea
    12. LS Cable & System
    13. Nexans
    14. NKT
    15. Oceaneering International
    16. Prysmian Group
    17. Schlumberger
    18. Schneider Electric
    19. Other Prominent Players
  13. Key Strategic Recommendations
  14. Research Methodology
    1.  Qualitative Research
      1.  Primary & Secondary Research
    2.  Quantitative Research
    3.  Market Breakdown & Data Triangulation
      1.  Secondary Research
      2.  Primary Research
    4.  Breakdown of Primary Research Respondents, By Region
    5.  Assumptions & Limitations

*Financial information of case of non-listed companies can be provided as per availability.

**The segmentation and the companies are subject to modifications based on in-depth secondary research for the final deliverable

 

 

List of Figures

 

Figure 1       Global Power Grid System Segmentation

Figure 2       Global Power Grid System Market Value Chain Analysis

Figure 3       Company Market Share Analysis, 2022

Figure 4       Global Power Grid System Market Size, By Value (USD Billion), 2019–2029

Figure 5       Global Power Grid System Market Share, By Component, By Value, 2019–2029

Figure 6       Global Power Grid System Market Share, By Application, By Value, 2019–2029

Figure 7       Global Power Grid System Market Share, By Depth, By Value, 2019–2029

Figure 8       Global Power Grid System Market Share, By Region, By Value, 2019–2029

Figure 9       North America Power Grid System Market Size, By Value (USD Billion), 2019–2029

Figure 10     North America Power Grid System Market Share, By Component, By Value, 2019–2029

Figure 11     North America Power Grid System Market Share, By Application, By Value, 2019–2029

Figure 12     North America Power Grid System Market Share, By Depth, By Value, 2019–2029

Figure 13     North America Power Grid System Market Share, By Country, By Value, 2019–2029

Figure 14     US Power Grid System Market Size, By Value (USD Billion), 2019–2029

Figure 15     US Power Grid System Market Share, By Component, By Value, 2019–2029

Figure 16     US Power Grid System Market Share, By Application, By Value, 2019–2029

Figure 17     US Power Grid System Market Share, By Depth, By Value, 2019–2029

Figure 18     Canada Power Grid System Market Size, By Value (USD Billion), 2019–2029

Figure 19     Canada Power Grid System Market Share, By Component, By Value, 2019–2029

Figure 20     Canada Power Grid System Market Share, By Application, By Value, 2019–2029

Figure 21     Canada Power Grid System Market Share, By Depth, By Value, 2019–2029

Figure 22     Europe Power Grid System Market Size, By Value (USD Billion), 2019–2029

Figure 23     Europe Power Grid System Market Share, By Component, By Value, 2019–2029

Figure 24     Europe Power Grid System Market Share, By Application, By Value, 2019–2029

Figure 25     Europe Power Grid System Market Share, By Depth, By Value, 2019–2029

Figure 26     Europe Power Grid System Market Share, By Country, By Value, 2019–2029

Figure 27     Germany Power Grid System Market Size, By Value (USD Billion), 2019–2029

Figure 28     Germany Power Grid System Market Share, By Component, By Value, 2019–2029

Figure 29     Germany Power Grid System Market Share, By Application, By Value, 2019–2029

Figure 30     Germany Power Grid System Market Share, By Depth, By Value, 2019–2029

Figure 31     UK Power Grid System Market Size, By Value (USD Billion), 2019–2029

Figure 32     UK Power Grid System Market Share, By Component, By Value, 2019–2029

Figure 33     UK Power Grid System Market Share, By Application, By Value, 2019–2029

Figure 34     UK Power Grid System Market Share, By Depth, By Value, 2019–2029

Figure 35     Italy Power Grid System Market Size, By Value (USD Billion), 2019–2029

Figure 36     Italy Power Grid System Market Share, By Component, By Value, 2019–2029

Figure 37     Italy Power Grid System Market Share, By Application, By Value, 2019–2029

Figure 38     Italy Power Grid System Market Share, By Depth, By Value, 2019–2029

Figure 39     France Power Grid System Market Size, By Value (USD Billion), 2019–2029

Figure 40     France Power Grid System Market Share, By Component, By Value, 2019–2029

Figure 41     France Power Grid System Market Share, By Application, By Value, 2019–2029

Figure 42     France Power Grid System Market Share, By Depth, By Value, 2019–2029

Figure 43     Spain Power Grid System Market Size, By Value (USD Billion), 2019–2029

Figure 44     Spain Power Grid System Market Share, By Component, By Value, 2019–2029

Figure 45     Spain Power Grid System Market Share, By Application, By Value, 2019–2029

Figure 46     Spain Power Grid System Market Share, By Depth, By Value, 2019–2029

Figure 47     The Netherlands Power Grid System Market Size, By Value (USD Billion), 2019–2029

Figure 48     The Netherlands Power Grid System Market Share, By Component, By Value, 2019–2029

Figure 49     The Netherlands Power Grid System Market Share, By Application, By Value, 2019–2029

Figure 50     The Netherlands Power Grid System Market Share, By Depth, By Value, 2019–2029

Figure 51     Rest of Europe Power Grid System Market Size, By Value (USD Billion), 2019–2029

Figure 52     Rest of Europe Power Grid System Market Share, By Component, By Value, 2019–2029

Figure 53     Rest of Europe Power Grid System Market Share, By Application, By Value, 2019–2029

Figure 54     Rest of Europe Power Grid System Market Share, By Depth, By Value, 2019–2029

Figure 55     Asia-Pacific Power Grid System Market Size, By Value (USD Billion), 2019–2029

Figure 56     Asia-Pacific Power Grid System Market Share, By Component, By Value, 2019–2029

Figure 57     Asia-Pacific Power Grid System Market Share, By Application, By Value, 2019–2029

Figure 58     Asia-Pacific Power Grid System Market Share, By Depth, By Value, 2019–2029

Figure 59     Asia-Pacific Power Grid System Market Share, By Country, By Value, 2019–2029

Figure 60     China Power Grid System Market Size, By Value (USD Billion), 2019–2029

Figure 61     China Power Grid System Market Share, By Component, By Value, 2019–2029

Figure 62     China Power Grid System Market Share, By Application, By Value, 2019–2029

Figure 63     China Power Grid System Market Share, By Depth, By Value, 2019–2029

Figure 64     India Power Grid System Market Size, By Value (USD Billion), 2019–2029

Figure 65     India Power Grid System Market Share, By Component, By Value, 2019–2029

Figure 66     India Power Grid System Market Share, By Application, By Value, 2019–2029

Figure 67     India Power Grid System Market Share, By Depth, By Value, 2019–2029

Figure 68     Japan Power Grid System Market Size, By Value (USD Billion), 2019–2029

Figure 69     Japan Power Grid System Market Share, By Component, By Value, 2019–2029

Figure 70     Japan Power Grid System Market Share, By Application, By Value, 2019–2029

Figure 71     Japan Power Grid System Market Share, By Depth, By Value, 2019–2029

Figure 72     South Korea Power Grid System Market Size, By Value (USD Billion), 2019–2029

Figure 73     South Korea Power Grid System Market Share, By Component, By Value, 2019–2029

Figure 74     South Korea Power Grid System Market Share, By Application, By Value, 2019–2029

Figure 75     South Korea Power Grid System Market Share, By Depth, By Value, 2019–2029

Figure 76     Australia & New Zealand Power Grid System Market Size, By Value (USD Billion), 2019–2029

Figure 77     Australia & New Zealand Power Grid System Market Share, By Component, By Value, 2019–2029

Figure 78     Australia & New Zealand Power Grid System Market Share, By Application, By Value, 2019–2029

Figure 79     Australia & New Zealand Power Grid System Market Share, By Depth, By Value, 2019–2029

Figure 80     Indonesia Power Grid System Market Size, By Value (USD Billion), 2019–2029

Figure 81     Indonesia Power Grid System Market Share, By Component, By Value, 2019–2029

Figure 82     Indonesia Power Grid System Market Share, By Application, By Value, 2019–2029

Figure 83     Indonesia Power Grid System Market Share, By Depth, By Value, 2019–2029

Figure 84     Malaysia Power Grid System Market Size, By Value (USD Billion), 2019–2029

Figure 85     Malaysia Power Grid System Market Share, By Component, By Value, 2019–2029

Figure 86     Malaysia Power Grid System Market Share, By Application, By Value, 2019–2029

Figure 87     Malaysia Power Grid System Market Share, By Depth, By Value, 2019–2029

Figure 88     Singapore Power Grid System Market Size, By Value (USD Billion), 2019–2029

Figure 89     Singapore Power Grid System Market Share, By Component, By Value, 2019–2029

Figure 90     Singapore Power Grid System Market Share, By Application, By Value, 2019–2029

Figure 91     Singapore Power Grid System Market Share, By Depth, By Value, 2019–2029

Figure 92     Philippines Power Grid System Market Size, By Value (USD Billion), 2019–2029

Figure 93     Philippines Power Grid System Market Share, By Component, By Value, 2019–2029

Figure 94     Philippines Power Grid System Market Share, By Application, By Value, 2019–2029

Figure 95     Philippines Power Grid System Market Share, By Depth, By Value, 2019–2029

Figure 96     Vietnam Power Grid System Market Size, By Value (USD Billion), 2019–2029

Figure 97     Vietnam Power Grid System Market Share, By Component, By Value, 2019–2029

Figure 98     Vietnam Power Grid System Market Share, By Application, By Value, 2019–2029

Figure 99     Vietnam Power Grid System Market Share, By Depth, By Value, 2019–2029

Figure 100   Rest of APAC Power Grid System Market Size, By Value (USD Billion), 2019–2029

Figure 101   Rest of APAC Power Grid System Market Share, By Component, By Value, 2019–2029

Figure 102   Rest of APAC Power Grid System Market Share, By Application, By Value, 2019–2029

Figure 103   Rest of APAC Power Grid System Market Share, By Depth, By Value, 2019–2029

Figure 104   Latin America Power Grid System Market Size, By Value (USD Billion), 2019–2029

Figure 105   Latin America Power Grid System Market Share, By Component, By Value, 2019–2029

Figure 106   Latin America Power Grid System Market Share, By Application, By Value, 2019–2029

Figure 107   Latin America Power Grid System Market Share, By Depth, By Value, 2019–2029

Figure 108   Latin America Power Grid System Market Share, By Country, By Value, 2019–2029

Figure 109   Brazil Power Grid System Market Size, By Value (USD Billion), 2019–2029

Figure 110   Brazil Power Grid System Market Share, By Component, By Value, 2019–2029

Figure 111   Brazil Power Grid System Market Share, By Application, By Value, 2019–2029

Figure 112   Brazil Power Grid System Market Share, By Depth, By Value, 2019–2029

Figure 113   Mexico Power Grid System Market Size, By Value (USD Billion), 2019–2029

Figure 114   Mexico Power Grid System Market Share, By Component, By Value, 2019–2029

Figure 115   Mexico Power Grid System Market Share, By Application, By Value, 2019–2029

Figure 116   Mexico Power Grid System Market Share, By Depth, By Value, 2019–2029

Figure 117   Argentina Power Grid System Market Size, By Value (USD Billion), 2019–2029

Figure 118   Argentina Power Grid System Market Share, By Component, By Value, 2019–2029

Figure 119   Argentina Power Grid System Market Share, By Application, By Value, 2019–2029

Figure 120   Argentina Power Grid System Market Share, By Depth, By Value, 2019–2029

Figure 121   Peru Power Grid System Market Size, By Value (USD Billion), 2019–2029

Figure 122   Peru Power Grid System Market Share, By Component, By Value, 2019–2029

Figure 123   Peru Power Grid System Market Share, By Application, By Value, 2019–2029

Figure 124   Peru Power Grid System Market Share, By Depth, By Value, 2019–2029

Figure 125   Rest of LATAM Power Grid System Market Size, By Value (USD Billion), 2019–2029

Figure 126   Rest of LATAM Power Grid System Market Share, By Component, By Value, 2019–2029

Figure 127   Rest of LATAM Power Grid System Market Share, By Application, By Value, 2019–2029

Figure 128   Rest of LATAM Power Grid System Market Share, By Depth, By Value, 2019–2029

Figure 129   Middle East & Africa Power Grid System Market Size, By Value (USD Billion), 2019–2029

Figure 130   Middle East & Africa Power Grid System Market Share, By Component, By Value, 2019–2029

Figure 131   Middle East & Africa Power Grid System Market Share, By Application, By Value, 2019–2029

Figure 132   Middle East & Africa Power Grid System Market Share, By Depth, By Value, 2019–2029

Figure 133   Middle East & Africa Power Grid System Market Share, By Country, By Value, 2019–2029

Figure 134   Saudi Arabia Power Grid System Market Size, By Value (USD Billion), 2019–2029

Figure 135   Saudi Arabia Power Grid System Market Share, By Component, By Value, 2019–2029

Figure 136   Saudi Arabia Power Grid System Market Share, By Application, By Value, 2019–2029

Figure 137   Saudi Arabia Power Grid System Market Share, By Depth, By Value, 2019–2029

Figure 138   UAE Power Grid System Market Size, By Value (USD Billion), 2019–2029

Figure 139   UAE Power Grid System Market Share, By Component, By Value, 2019–2029

Figure 140   UAE Power Grid System Market Share, By Application, By Value, 2019–2029

Figure 141   UAE Power Grid System Market Share, By Depth, By Value, 2019–2029

Figure 142   Qatar Power Grid System Market Size, By Value (USD Billion), 2019–2029

Figure 143   Qatar Power Grid System Market Share, By Component, By Value, 2019–2029

Figure 144   Qatar Power Grid System Market Share, By Application, By Value, 2019–2029

Figure 145   Qatar Power Grid System Market Share, By Depth, By Value, 2019–2029

Figure 146   Kuwait Power Grid System Market Size, By Value (USD Billion), 2019–2029

Figure 147   Kuwait Power Grid System Market Share, By Component, By Value, 2019–2029

Figure 148   Kuwait Power Grid System Market Share, By Application, By Value, 2019–2029

Figure 149   Kuwait Power Grid System Market Share, By Depth, By Value, 2019–2029

Figure 150   South Africa Power Grid System Market Size, By Value (USD Billion), 2019–2029

Figure 151   South Africa Power Grid System Market Share, By Component, By Value, 2019–2029

Figure 152   South Africa Power Grid System Market Share, By Application, By Value, 2019–2029

Figure 153   South Africa Power Grid System Market Share, By Depth, By Value, 2019–2029

Figure 154   Nigeria Power Grid System Market Size, By Value (USD Billion), 2019–2029

Figure 155   Nigeria Power Grid System Market Share, By Component, By Value, 2019–2029

Figure 156   Nigeria Power Grid System Market Share, By Application, By Value, 2019–2029

Figure 157   Nigeria Power Grid System Market Share, By Depth, By Value, 2019–2029

Figure 158   Algeria Power Grid System Market Size, By Value (USD Billion), 2019–2029

Figure 159   Algeria Power Grid System Market Share, By Component, By Value, 2019–2029

Figure 160   Algeria Power Grid System Market Share, By Application, By Value, 2019–2029

Figure 161   Algeria Power Grid System Market Share, By Depth, By Value, 2019–2029

Figure 162   Rest of MEA Power Grid System Market Size, By Value (USD Billion), 2019–2029

Figure 163   Rest of MEA Power Grid System Market Share, By Component, By Value, 2019–2029

Figure 164   Rest of MEA Power Grid System Market Share, By Application, By Value, 2019–2029

Figure 165   Rest of MEA Power Grid System Market Share, By Depth, By Value, 2019–2029

 

List of Tables

 

Table 1        Global Power Grid System Market Size, By Value (USD Billion), 2019–2029

Table 2        Global Power Grid System Market Size, By Component, By Value, 2019–2029

Table 3        Global Power Grid System Market Size, By Application, By Value, 2019–2029

Table 4        Global Power Grid System Market Size, By Depth, By Value, 2019–2029

Table 5        Global Power Grid System Market Size, By Region, By Value, 2019–2029

Table 6        North America Power Grid System Market Size, By Value (USD Billion), 2019–2029

Table 7        North America Power Grid System Market Size, By Component, By Value, 2019–2029

Table 8        North America Power Grid System Market Size, By Application, By Value, 2019–2029

Table 9        North America Power Grid System Market Size, By Depth, By Value, 2019–2029

Table 10      North America Power Grid System Market Size, By Country, By Value, 2019–2029

Table 11      US Power Grid System Market Size, By Value (USD Billion), 2019–2029

Table 12      US Power Grid System Market Size, By Component, By Value, 2019–2029

Table 13      US Power Grid System Market Size, By Application, By Value, 2019–2029

Table 14      US Power Grid System Market Size, By Depth, By Value, 2019–2029

Table 15      Canada Power Grid System Market Size, By Value (USD Billion), 2019–2029

Table 16      Canada Power Grid System Market Size, By Component, By Value, 2019–2029

Table 17      Canada Power Grid System Market Size, By Application, By Value, 2019–2029

Table 18      Canada Power Grid System Market Size, By Depth, By Value, 2019–2029

Table 19      Europe Power Grid System Market Size, By Value (USD Billion), 2019–2029

Table 20      Europe Power Grid System Market Size, By Component, By Value, 2019–2029

Table 21      Europe Power Grid System Market Size, By Application, By Value, 2019–2029

Table 22      Europe Power Grid System Market Size, By Depth, By Value, 2019–2029

Table 23      Europe Power Grid System Market Size, By Country, By Value, 2019–2029

Table 24      Germany Power Grid System Market Size, By Value (USD Billion), 2019–2029

Table 25      Germany Power Grid System Market Size, By Component, By Value, 2019–2029

Table 26      Germany Power Grid System Market Size, By Application, By Value, 2019–2029

Table 27      Germany Power Grid System Market Size, By Depth, By Value, 2019–2029

Table 28      UK Power Grid System Market Size, By Value (USD Billion), 2019–2029

Table 29      UK Power Grid System Market Size, By Component, By Value, 2019–2029

Table 30      UK Power Grid System Market Size, By Application, By Value, 2019–2029

Table 31      UK Power Grid System Market Size, By Depth, By Value, 2019–2029

Table 32      Italy Power Grid System Market Size, By Value (USD Billion), 2019–2029

Table 33      Italy Power Grid System Market Size, By Component, By Value, 2019–2029

Table 34      Italy Power Grid System Market Size, By Application, By Value, 2019–2029

Table 35      Italy Power Grid System Market Size, By Depth, By Value, 2019–2029

Table 36      France Power Grid System Market Size, By Value (USD Billion), 2019–2029

Table 37      France Power Grid System Market Size, By Component, By Value, 2019–2029

Table 38      France Power Grid System Market Size, By Application, By Value, 2019–2029

Table 39      France Power Grid System Market Size, By Depth, By Value, 2019–2029

Table 40      Spain Power Grid System Market Size, By Value (USD Billion), 2019–2029

Table 41      Spain Power Grid System Market Size, By Component, By Value, 2019–2029

Table 42      Spain Power Grid System Market Size, By Application, By Value, 2019–2029

Table 43      Spain Power Grid System Market Size, By Depth, By Value, 2019–2029

Table 44      The Netherlands Power Grid System Market Size, By Value (USD Billion), 2019–2029

Table 45      The Netherlands Power Grid System Market Size, By Component, By Value, 2019–2029

Table 46      The Netherlands Power Grid System Market Size, By Application, By Value, 2019–2029

Table 47      The Netherlands Power Grid System Market Size, By Depth, By Value, 2019–2029

Table 48      Rest of Europe Power Grid System Market Size, By Value (USD Billion), 2019–2029

Table 49      Rest of Europe Power Grid System Market Size, By Component, By Value, 2019–2029

Table 50      Rest of Europe Power Grid System Market Size, By Application, By Value, 2019–2029

Table 51      Rest of Europe Power Grid System Market Size, By Depth, By Value, 2019–2029

Table 52      Asia-Pacific Power Grid System Market Size, By Value (USD Billion), 2019–2029

Table 53      Asia-Pacific Power Grid System Market Size, By Component, By Value, 2019–2029

Table 54      Asia-Pacific Power Grid System Market Size, By Application, By Value, 2019–2029

Table 55      Asia-Pacific Power Grid System Market Size, By Depth, By Value, 2019–2029

Table 56      Asia-Pacific Power Grid System Market Size, By Country, By Value, 2019–2029

 

Table 57      China Power Grid System Market Size, By Value (USD Billion), 2019–2029

Table 58      China Power Grid System Market Size, By Component, By Value, 2019–2029

Table 59      China Power Grid System Market Size, By Application, By Value, 2019–2029

Table 60      China Power Grid System Market Size, By Depth, By Value, 2019–2029

Table 61      India Power Grid System Market Size, By Value (USD Billion), 2019–2029

Table 62      India Power Grid System Market Size, By Component, By Value, 2019–2029

Table 63      India Power Grid System Market Size, By Application, By Value, 2019–2029

Table 64      India Power Grid System Market Size, By Depth, By Value, 2019–2029

Table 65      Japan Power Grid System Market Size, By Value (USD Billion), 2019–2029

Table 66      Japan Power Grid System Market Size, By Component, By Value, 2019–2029

Table 67      Japan Power Grid System Market Size, By Application, By Value, 2019–2029

Table 68      Japan Power Grid System Market Size, By Depth, By Value, 2019–2029

Table 69      South Korea Power Grid System Market Size, By Value (USD Billion), 2019–2029

Table 70      South Korea Power Grid System Market Size, By Component, By Value, 2019–2029

Table 71      South Korea Power Grid System Market Size, By Application, By Value, 2019–2029

Table 72      South Korea Power Grid System Market Size, By Depth, By Value, 2019–2029

Table 73      Australia & New Zealand Power Grid System Market Size, By Value (USD Billion), 2019–2029

Table 74      Australia & New Zealand Power Grid System Market Size, By Component, By Value, 2019–2029

Table 75      Australia & New Zealand Power Grid System Market Size, By Application, By Value, 2019–2029

Table 76      Australia & New Zealand Power Grid System Market Size, By Depth, By Value, 2019–2029

Table 77      Indonesia Power Grid System Market Size, By Value (USD Billion), 2019–2029

Table 78      Indonesia Power Grid System Market Size, By Component, By Value, 2019–2029

Table 79      Indonesia Power Grid System Market Size, By Application, By Value, 2019–2029

Table 80      Indonesia Power Grid System Market Size, By Depth, By Value, 2019–2029

Table 81      Malaysia Power Grid System Market Size, By Value (USD Billion), 2019–2029

Table 82      Malaysia Power Grid System Market Size, By Component, By Value, 2019–2029

Table 83      Malaysia Power Grid System Market Size, By Application, By Value, 2019–2029

Table 84      Malaysia Power Grid System Market Size, By Depth, By Value, 2019–2029

Table 85      Singapore Power Grid System Market Size, By Value (USD Billion), 2019–2029

Table 86      Singapore Power Grid System Market Size, By Component, By Value, 2019–2029

Table 87      Singapore Power Grid System Market Size, By Application, By Value, 2019–2029

Table 88      Singapore Power Grid System Market Size, By Depth, By Value, 2019–2029

Table 89      Philippines Power Grid System Market Size, By Value (USD Billion), 2019–2029

Table 90      Philippines Power Grid System Market Size, By Component, By Value, 2019–2029

Table 91      Philippines Power Grid System Market Size, By Application, By Value, 2019–2029

Table 92      Philippines Power Grid System Market Size, By Depth, By Value, 2019–2029

Table 93      Vietnam Power Grid System Market Size, By Value (USD Billion), 2019–2029

Table 94      Vietnam Power Grid System Market Size, By Component, By Value, 2019–2029

Table 95      Vietnam Power Grid System Market Size, By Application, By Value, 2019–2029

Table 96      Vietnam Power Grid System Market Size, By Depth, By Value, 2019–2029

Table 97      Rest of APAC Power Grid System Market Size, By Value (USD Billion), 2019–2029

Table 98      Rest of APAC Power Grid System Market Size, By Component, By Value, 2019–2029

Table 99      Rest of APAC Power Grid System Market Size, By Application, By Value, 2019–2029

Table 100    Rest of APAC Power Grid System Market Size, By Depth, By Value, 2019–2029

Table 101    Latin America Power Grid System Market Size, By Value (USD Billion), 2019–2029

Table 102    Latin America Power Grid System Market Size, By Component, By Value, 2019–2029

Table 103    Latin America Power Grid System Market Size, By Application, By Value, 2019–2029

Table 104    Latin America Power Grid System Market Size, By Depth, By Value, 2019–2029

Table 105    Latin America Power Grid System Market Size, By Country, By Value, 2019–2029

Table 106    Brazil Power Grid System Market Size, By Value (USD Billion), 2019–2029

Table 107    Brazil Power Grid System Market Size, By Component, By Value, 2019–2029

Table 108    Brazil Power Grid System Market Size, By Application, By Value, 2019–2029

Table 109    Brazil Power Grid System Market Size, By Depth, By Value, 2019–2029

Table 110    Mexico Power Grid System Market Size, By Value (USD Billion), 2019–2029

Table 111    Mexico Power Grid System Market Size, By Component, By Value, 2019–2029

Table 112    Mexico Power Grid System Market Size, By Application, By Value, 2019–2029

Table 113    Mexico Power Grid System Market Size, By Depth, By Value, 2019–2029

Table 114    Argentina Power Grid System Market Size, By Value (USD Billion), 2019–2029

Table 115    Argentina Power Grid System Market Size, By Component, By Value, 2019–2029

Table 116    Argentina Power Grid System Market Size, By Application, By Value, 2019–2029

Table 117    Argentina Power Grid System Market Size, By Depth, By Value, 2019–2029

Table 118    Peru Power Grid System Market Size, By Value (USD Billion), 2019–2029

Table 119    Peru Power Grid System Market Size, By Component, By Value, 2019–2029

Table 120    Peru Power Grid System Market Size, By Application, By Value, 2019–2029

Table 121    Peru Power Grid System Market Size, By Depth, By Value, 2019–2029

Table 122    Rest of LATAM Power Grid System Market Size, By Value (USD Billion), 2019–2029

Table 123    Rest of LATAM Power Grid System Market Size, By Component, By Value, 2019–2029

Table 124    Rest of LATAM Power Grid System Market Size, By Application, By Value, 2019–2029

Table 125    Rest of LATAM Power Grid System Market Size, By Depth, By Value, 2019–2029

Table 126    Middle East & Africa Power Grid System Market Size, By Value (USD Billion), 2019–2029

Table 127    Middle East & Africa Power Grid System Market Size, By Component, By Value, 2019–2029

Table 128    Middle East & Africa Power Grid System Market Size, By Application, By Value, 2019–2029

Table 129    Middle East & Africa Power Grid System Market Size, By Depth, By Value, 2019–2029

Table 130    Middle East & Africa Power Grid System Market Size, By Country, By Value, 2019–2029

Table 131    Saudi Arabia Power Grid System Market Size, By Value (USD Billion), 2019–2029

Table 132    Saudi Arabia Power Grid System Market Size, By Component, By Value, 2019–2029

Table 133    Saudi Arabia Power Grid System Market Size, By Application, By Value, 2019–2029

Table 134    Saudi Arabia Power Grid System Market Size, By Depth, By Value, 2019–2029

Table 135    UAE Power Grid System Market Size, By Value (USD Billion), 2019–2029

Table 136    UAE Power Grid System Market Size, By Component, By Value, 2019–2029

Table 137    UAE Power Grid System Market Size, By Application, By Value, 2019–2029

Table 138    UAE Power Grid System Market Size, By Depth, By Value, 2019–2029

Table 139    Qatar Power Grid System Market Size, By Value (USD Billion), 2019–2029

Table 140    Qatar Power Grid System Market Size, By Component, By Value, 2019–2029

Table 141    Qatar Power Grid System Market Size, By Application, By Value, 2019–2029

Table 142    Qatar Power Grid System Market Size, By Depth, By Value, 2019–2029

Table 143    Kuwait Power Grid System Market Size, By Value (USD Billion), 2019–2029

Table 144    Kuwait Power Grid System Market Size, By Component, By Value, 2019–2029

Table 145    Kuwait Power Grid System Market Size, By Application, By Value, 2019–2029

Table 146    Kuwait Power Grid System Market Size, By Depth, By Value, 2019–2029

Table 147    South Africa Power Grid System Market Size, By Value (USD Billion), 2019–2029

Table 148    South Africa Power Grid System Market Size, By Component, By Value, 2019–2029

Table 149    South Africa Power Grid System Market Size, By Application, By Value, 2019–2029

Table 150    South Africa Power Grid System Market Size, By Depth, By Value, 2019–2029

Table 151    Nigeria Power Grid System Market Size, By Value (USD Billion), 2019–2029

Table 152    Nigeria Power Grid System Market Size, By Component, By Value, 2019–2029

Table 153    Nigeria Power Grid System Market Size, By Application, By Value, 2019–2029

Table 154    Nigeria Power Grid System Market Size, By Depth, By Value, 2019–2029

Table 155    Algeria Power Grid System Market Size, By Value (USD Billion), 2019–2029

Table 156    Algeria Power Grid System Market Size, By Component, By Value, 2019–2029

Table 157    Algeria Power Grid System Market Size, By Application, By Value, 2019–2029

Table 158    Algeria Power Grid System Market Size, By Depth, By Value, 2019–2029

Table 159    Rest of MEA Power Grid System Market Size, By Value (USD Billion), 2019–2029

Table 160    Rest of MEA Power Grid System Market Size, By Component, By Value, 2019–2029

Table 161    Rest of MEA Power Grid System Market Size, By Application, By Value, 2019–2029

Table 162    Rest of MEA Power Grid System Market Size, By Depth, By Value, 2019–2029

Table 163    ABB Company Overview

Table 164    ABB Financial Overview

Table 165    Aker Solutions ASA Company Overview

Table 166    Aker Solutions ASA Financial Overview

Table 167    Apar Industries Company Overview

Table 168    Apar Industries Financial Overview

Table 169    Baker Hughes Company Overview

Table 170    Baker Hughes Financial Overview

Table 171    Deep C Company Overview

Table 172    Deep C Financial Overview

Table 173    DEME Company Overview

Table 174    DEME Financial Overview

Table 175    Furukawa Electric Co., Ltd. Company Overview

Table 176    Furukawa Electric Co., Ltd. Financial Overview

Table 177    General Electric Company Overview

Table 178    General Electric Financial Overview

Table 179    Hitachi Energy Company Overview

Table 180    Hitachi Energy Financial Overview

Table 181    Intertek Group Company Overview

Table 182    Intertek Group Financial Overview

Table 183    J+S Subsea Company Overview

Table 184    J+S Subsea Financial Overview

Table 185    LS Cable & System Company Overview

Table 186    LS Cable & System Financial Overview

Table 187    Nexans Company Overview

Table 188    Nexans Financial Overview

Table 189    NKT Company Overview

Table 190    NKT Financial Overview

Table 191    Oceaneering International Company Overview

Table 192    Oceaneering International Financial Overview

Table 193    Prysmian Group Company Overview

Table 194    Prysmian Group Financial Overview

Table 195    Schlumberger Company Overview

Table 196    Schlumberger Financial Overview

Table 197    Schneider Electric Company Overview

Table 198    Schneider Electric Financial Overview

Market Segmentation

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Frequently Asked Questions (FAQs):

Ans: Asia Pacific is expected to grow at the fastest rate in Global Power Grid System Market during the forecast period between 2023 and 2029.
Ans: Global Power Grid System Market size was estimated at USD 10.27 billion in 2022.
Ans: Major factors driving the growth of Global Power Grid System Market include rising deepwater oil & gas exploration activities and government initiatives that aid with production.
Ans: Key players in Global Power Grid System Market include ABB, Aker Solutions ASA, Apar Industries, Baker Hughes, Deep C, DEME, Furukawa Electric Co., Ltd., General Electric, Hitachi Energy, Intertek Group, J+S Subsea, LS Cable & System, Nexans, NKT, Oceaneering International, Prysmian Group, Schlumberger, and Schneider Electric.
Ans: The shallow water segment held a higher market share in the Global Power Grid System Market by depth.