Global Electrical Grid Market Size & Outlook, 2023-2030

The electrical grid industry worldwide is expected to reach a projected revenue of US$ 390,973.9 million by 2030. A compound annual growth rate of 5.5% is expected of the worldwide electrical grid industry from 2024 to 2030.
Revenue, 2023 (US$M)
$268,266.1
Forecast, 2030 (US$M)
$390,973.9
CAGR, 2024 - 2030
5.5%
Report Coverage
Worldwide

Global electrical grid market, 2018-2030 (US$M)

Global electrical grid market highlights

  • The global electrical grid market generated a revenue of USD 268,266.1 million in 2023 and is expected to reach USD 390,973.9 million by 2030.
  • The market is expected to grow at a CAGR (2024 - 2030) of 5.5% by 2030.
  • In terms of segment, natural gas accounted for a revenue of USD 268,266.1 million in 2023.
  • Natural Gas is the most lucrative source segment registering the fastest growth during the forecast period.
  • In terms of region, Asia Pacific was the largest revenue generating market in 2023.

Global data book summary

Market revenue in 2023USD 268,266.1 million
Market revenue in 2030USD 390,973.9 million
Growth rate5.5% (CAGR from 2023 to 2030)
Largest segmentNatural gas
Fastest growing segmentNatural Gas
Historical data covered2018 - 2022
Base year for estimation2023
Forecast period covered2024 - 2030
Quantitative unitsRevenue in USD million
Market segmentationNatural Gas

Other key industry trends

  • In terms of revenue, the North America accounted for 22.2% of the global electrical grid market in 2023.

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Electrical Grid Market Scope

Electrical grid market segmentation & scope
Natural Gas
Coal
Hydro
Renewables
Others
Application
Generation
Transmission
Distribution
Countries
U.S.
Canada
Mexico
Denmark
France
Germany
Italy
Norway
Spain
Sweden
UK
Brazil
Argentina
Australia
China
India
Japan
South Korea
Thailand
UAE
South Africa
Saudi Arabia
Kuwait

Electrical Grid Market Companies

Name Profile # Employees HQ Website

Global electrical grid market outlook

The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to electrical grid market will help companies and investors design strategic landscapes.


Natural gas was the largest segment with a revenue share of 100% in 2023. Horizon Databook has segmented the Global electrical grid market based on natural gas covering the revenue growth of each sub-segment from 2018 to 2030.


  • Global Electrical Grid Source Outlook (Revenue, USD Million, 2018-2030)
    • Natural Gas
    • Coal
    • Hydro
    • Renewables
    • Others
  • Global Electrical Grid Application Outlook (Revenue, USD Million, 2018-2030)
    • Generation
    • Transmission
    • Distribution

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Horizon Databook provides a detailed overview of global-level data and insights on the Global electrical grid market , including forecasts for subscribers. This global databook contains high-level insights into Global electrical grid market from 2018 to 2030, including revenue numbers, major trends, and company profiles.

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Global electrical grid market size, by regions, 2018-2030 (US$M)

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