Smart Energy Market Size, Share, and Trends 2025 to 2034

The global smart energy market size is estimated at USD 196.37 billion in 2025 and is predicted to reach around USD 482.31 billion by 2034, accelerating at a CAGR of 10.50% from 2025 to 2034. The North America smart energy market size surpassed USD 74.64 billion in 2024 and is expanding at a CAGR of 10.51% during the forecast period. The market sizing and forecasts are revenue-based (USD Million/Billion), with 2024 as the base year.

Last Updated : May 2025  |  Report Code : 3555  |  Category : Energy and Power  |  Format : PDF / PPT / Excel

Chapter 1. Introduction

1.1. Research Objective

1.2. Scope of the Study

1.3. Definition

Chapter 2. Research Methodology (Premium Insights)

2.1. Research Approach

2.2. Data Sources

2.3. Assumptions & Limitations

Chapter 3. Executive Summary

3.1. Market Snapshot

Chapter 4. Market Variables and Scope 

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

Chapter 5. COVID 19 Impact on Smart Energy Market 

5.1. COVID-19 Landscape: Smart Energy 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

Chapter 7. Competitive Landscape

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

Chapter 8. Global Smart Energy Market, By Product

8.1. Smart Energy Market, by Product

8.1.1. Smart grid

8.1.1.1. Market Revenue and Forecast

8.1.2. Digital Oilfield

8.1.2.1. Market Revenue and Forecast

8.1.3. Smart Solar

8.1.3.1. Market Revenue and Forecast

8.1.4. Home Energy Management System

8.1.4.1. Market Revenue and Forecast

8.1.5. Others

8.1.5.1. Market Revenue and Forecast

Chapter 9. Global Smart Energy Market, By End-User Industry

9.1. Smart Energy Market, by End-User Industry

9.1.1. Residential

9.1.1.1. Market Revenue and Forecast

9.1.2. Industrial

9.1.2.1. Market Revenue and Forecast

9.1.3. Commercial

9.1.3.1. Market Revenue and Forecast

Chapter 10. Global Smart Energy Market, Regional Estimates and Trend Forecast

10.1. North America

10.1.1. Market Revenue and Forecast, by Product

10.1.2. Market Revenue and Forecast, by End-User Industry

10.1.3. U.S.

10.1.3.1. Market Revenue and Forecast, by Product

10.1.3.2. Market Revenue and Forecast, by End-User Industry

10.1.4. Rest of North America

10.1.4.1. Market Revenue and Forecast, by Product

10.1.4.2. Market Revenue and Forecast, by End-User Industry

10.2. Europe

10.2.1. Market Revenue and Forecast, by Product

10.2.2. Market Revenue and Forecast, by End-User Industry

10.2.3. UK

10.2.3.1. Market Revenue and Forecast, by Product

10.2.3.2. Market Revenue and Forecast, by End-User Industry

10.2.4. Germany

10.2.4.1. Market Revenue and Forecast, by Product

10.2.4.2. Market Revenue and Forecast, by End-User Industry

10.2.5. France

10.2.5.1. Market Revenue and Forecast, by Product

10.2.5.2. Market Revenue and Forecast, by End-User Industry

10.2.6. Rest of Europe

10.2.6.1. Market Revenue and Forecast, by Product

10.2.6.2. Market Revenue and Forecast, by End-User Industry

10.3. APAC

10.3.1. Market Revenue and Forecast, by Product

10.3.2. Market Revenue and Forecast, by End-User Industry

10.3.3. India

10.3.3.1. Market Revenue and Forecast, by Product

10.3.3.2. Market Revenue and Forecast, by End-User Industry

10.3.4. China

10.3.4.1. Market Revenue and Forecast, by Product

10.3.4.2. Market Revenue and Forecast, by End-User Industry

10.3.5. Japan

10.3.5.1. Market Revenue and Forecast, by Product

10.3.5.2. Market Revenue and Forecast, by End-User Industry

10.3.6. Rest of APAC

10.3.6.1. Market Revenue and Forecast, by Product

10.3.6.2. Market Revenue and Forecast, by End-User Industry

10.4. MEA

10.4.1. Market Revenue and Forecast, by Product

10.4.2. Market Revenue and Forecast, by End-User Industry

10.4.3. GCC

10.4.3.1. Market Revenue and Forecast, by Product

10.4.3.2. Market Revenue and Forecast, by End-User Industry

10.4.4. North Africa

10.4.4.1. Market Revenue and Forecast, by Product

10.4.4.2. Market Revenue and Forecast, by End-User Industry

10.4.5. South Africa

10.4.5.1. Market Revenue and Forecast, by Product

10.4.5.2. Market Revenue and Forecast, by End-User Industry

10.4.6. Rest of MEA

10.4.6.1. Market Revenue and Forecast, by Product

10.4.6.2. Market Revenue and Forecast, by End-User Industry

10.5. Latin America

10.5.1. Market Revenue and Forecast, by Product

10.5.2. Market Revenue and Forecast, by End-User Industry

10.5.3. Brazil

10.5.3.1. Market Revenue and Forecast, by Product

10.5.3.2. Market Revenue and Forecast, by End-User Industry

10.5.4. Rest of LATAM

10.5.4.1. Market Revenue and Forecast, by Product

10.5.4.2. Market Revenue and Forecast, by End-User Industry

Chapter 11. Company Profiles

11.1. General Electric Company

11.1.1. Company Overview

11.1.2. Product Offerings

11.1.3. Financial Performance

11.1.4. Recent Initiatives

11.2. Siemens AG

11.2.1. Company Overview

11.2.2. Product Offerings

11.2.3. Financial Performance

11.2.4. Recent Initiatives

11.3. ABB Ltd.

11.3.1. Company Overview

11.3.2. Product Offerings

11.3.3. Financial Performance

11.3.4. Recent Initiatives

11.4. Cisco Systems, Inc.

11.4.1. Company Overview

11.4.2. Product Offerings

11.4.3. Financial Performance

11.4.4. Recent Initiatives

11.5. IBM Corporation

11.5.1. Company Overview

11.5.2. Product Offerings

11.5.3. Financial Performance

11.5.4. Recent Initiatives

11.6. Honeywell International Inc.

11.6.1. Company Overview

11.6.2. Product Offerings

11.6.3. Financial Performance

11.6.4. Recent Initiatives

11.7. Schneider Electric SE

11.7.1. Company Overview

11.7.2. Product Offerings

11.7.3. Financial Performance

11.7.4. Recent Initiatives

11.8. Siemens Gamesa Renewable Energy

11.8.1. Company Overview

11.8.2. Product Offerings

11.8.3. Financial Performance

11.8.4. Recent Initiatives

11.9. Itron, Inc.

11.9.1. Company Overview

11.9.2. Product Offerings

11.9.3. Financial Performance

11.9.4. Recent Initiatives

11.10. Trilliant Holdings, Inc.

11.10.1. Company Overview

11.10.2. Product Offerings

11.10.3. Financial Performance

11.10.4. Recent Initiatives

Chapter 12. Research Methodology

12.1. Primary Research

12.2. Secondary Research

12.3. Assumptions

Chapter 13. Appendix

13.1. About Us

13.2. Glossary of Terms

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Frequently Asked Questions

The global smart energy market size is expected to increase USD 482.31 billion by 2034 from USD 177.71 billion in 2024.

The global smart energy market will register growth rate of 10.50% between 2025 and 2034.

The major players operating in the smart energy market are General Electric Company, Siemens AG, ABB Ltd., Cisco Systems, Inc., IBM Corporation, Honeywell International Inc., Schneider Electric SE, Siemens Gamesa Renewable Energy, Itron, Inc., Trilliant Holdings, Inc., Landis+Gyr Group AG, Eaton Corporation, Schweitzer Engineering Laboratories, Inc., C3.ai, Inc., Enphase Energy, Inc., and Others.

The driving factors of the smart energy market are the integration of renewable energy and advancements in the Internet of Things, surge in demand stimulates innovation, and rising energy efficiency demands.

North America region will lead the global smart energy market during the forecast period 2025 to 2034.

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