Asia Pacific Electrical Grid Market Size & Outlook

The electrical grid market in Asia Pacific is expected to reach a projected revenue of US$ 178,284.1 million by 2030. A compound annual growth rate of 5.6% is expected of Asia Pacific electrical grid market from 2024 to 2030.
Revenue, 2023 (US$M)
$121,390.4
Forecast, 2030 (US$M)
$178,284.1
CAGR, 2024 - 2030
5.6%
Report Coverage
Asia Pacific

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

Asia

Asia Pacific electrical grid market highlights

  • The Asia Pacific electrical grid market generated a revenue of USD 121,390.4 million in 2023.
  • The market is expected to grow at a CAGR of 5.6% from 2024 to 2030.
  • In terms of segment, natural gas was the largest revenue generating source in 2023.
  • Natural Gas is the most lucrative source segment registering the fastest growth during the forecast period.


Asia Pacific data book summary

Market revenue in 2023USD 121,390.4 million
Market revenue in 2030USD 178,284.1 million
Growth rate5.6% (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
Key market players worldwideABB Ltd, General Electric, Fuji Electric Co Ltd, Eaton Corp PLC, Hitachi Energy, Havells India, Schneider Electric SE, Siemens AG, Sumitomo Electric Industries Ltd, Toshiba Corporation


Other key industry trends

  • In terms of revenue, Asia Pacific region accounted for 45.2% of the global electrical grid market in 2023.
  • Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
  • North America is the fastest growing regional market and is projected to reach USD 87,890.9 million by 2030.

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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

Asia Pacific 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 Asia Pacific electrical grid market based on natural gas covering the revenue growth of each sub-segment from 2018 to 2030.


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Target buyers of Asia Pacific electrical grid market databook

  • Our clientele includes a mix of electrical grid market companies, investment firms, advisory firms & academic institutions.
  • 30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
  • Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of continent-level data and insights on the Asia Pacific electrical grid market , including forecasts for subscribers. This continent databook contains high-level insights into Asia Pacific electrical grid market from 2018 to 2030, including revenue numbers, major trends, and company profiles.

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Asia Pacific electrical grid market

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