Top 20 Global Companies in Smart Energy (2025–2035): Competitive Analysis & Forecast
RELEASE DATE: Aug 2025 Author: Spherical InsightsRequest Free Sample Speak to Analyst
Description
According to a research report published by Spherical Insights & Consulting, the Global Smart Energy Market Size is projected to Grow from USD 184.9 Billion in 2024 to USD 496.7 Billion by 2035, at a CAGR of 16.57% during the forecast period 2025–2035. The France Smart Energy Market is the fast growth due to rising energy demand, environmental issues, and innovation in smart grids, renewable energy integration, and efficient technologies.
Introduction
The smart energy market refers to greater technologies that optimize energy production, distribution, and utilization towards efficiency and sustainability. Smart energy systems utilize smart grids, meters, and IoT devices to manage and monitor electricity consumption in real-time for household, commercial, and industrial applications. The opportunities emanate from increasing use of renewable energy sources, innovation in energy storage technology, and increasing smart city projects globally. The market is fueled by growing energy demand, environmental concerns, and carbon emission reduction needs. The market advantages are energy efficiency improvement, cost savings, and grid reliability improvement. Additionally, the intersection of big data analytics and AI facilitates predictive maintenance and improved demand forecasting, and thus pushes the market. Government policies across the world, such as subsidies for green energy, efficient policies, and investment in the smart grid infrastructure, are driving the market forward. All such policies support moving towards a low-carbon world, and therefore, the smart energy market is the most important component of future sustainable energy solutions.
Navigate Future Markets with Confidence: Insights from Spherical Insights LLP
The insights presented in this blog are derived from comprehensive market research conducted by Spherical Insights LLP, a trusted advisory partner to leading global enterprises. Backed by in-depth data analysis, expert forecasting, and industry-specific intelligence, our reports empower decision-makers to identify strategic growth opportunities in fast-evolving sectors. Clients seeking detailed market segmentation, competitive landscapes, regional outlooks, and future investment trends will find immense value in the full report. By leveraging our research, businesses can make informed decisions, gain a competitive edge, and stay ahead in the transition toward sustainable and profitable solutions.
Unlock exclusive market insights - Download the Brochure now and dive deeper into the future of the Smart Energy Market.
Smart Energy Market Size & Statistics
- The Market Size for Smart Energy Was Estimated to be worth USD 184.9 Billion in 2024.
- The Market is Going to Expand at a CAGR of 9.4% between 2025 and 2035.
- The Global Smart Energy Market Size is anticipated to reach USD 496.7 Billion by 2035.
- North America is expected to generate the largest demand during the forecast period in the Smart Energy Market
- Asia Pacific is expected to grow the fastest during the forecast period in the Smart Energy Market.
Regional growth and demand
Asia Pacific is expected to grow the fastest during the forecast period in the smart energy market. Asia Pacific's population, urbanization, and industrialization drive fast-growing energy demand that energizes smart energy adoption. Smart grids and renewables are top priorities for governments in China, India, and Japan to improve reliability, lower emissions, and increase energy efficiency, particularly in commercial and industrial applications.
North America is expected to generate the largest demand during the forecast period in the smart energy market. North America leads the smart energy market due to significant investments in smart grids, effective regulations supporting renewables and efficiency, and leading technology companies. Continued grid modernization, growth in distributed energy, and focus on energy security further improve its leading position in smart energy innovation and adoption.
Top 10 trends in the Smart Energy Market
- Smart grid modernization
- Energy storage solutions
- Integration of renewable energy sources
- Advanced metering infrastructure (AMI)
- Electric vehicle (EV) integration
- IoT and AI in energy management
- Cybersecurity for energy infrastructure
- Green hydrogen
- Microgrids and decentralized energy systems
- Government incentives and regulations
1. Smart grid modernization
Smart grid modernization, integrating digital technology to control in real-time, increases energy efficiency, reliability, and sustainability. It supports improved demand response, renewable energy integration, and grid stability. Smart grid modernization minimizes outages, maximizes energy utilization, and empowers consumers to take control of their consumption.
2. Energy storage solutions
Energy storage is essential for the smart grid, balancing supply and demand, especially with renewables. Trends involve varied technologies such as batteries, flywheels, and pumped hydro, with lithium-ion batteries becoming more prominent. Storage in smart grids improves grid stability, incorporates renewables, and facilitates demand response.
3. Integration of renewable energy sources
Smart energy enables the integration of intermittent renewable sources such as solar and wind, increasing grid stability and efficiency. These grids handle ramping renewable output, optimize energy storage, and provide demand side management. Integration is key to having a sustainable energy future, lowering fossil fuel dependence, and reducing the environmental footprint.
4. Advanced metering infrastructure (AMI)
Advanced metering infrastructure (AMI) provides mutual communication between consumers and utilities, allowing smart energy management. It provides remote meter reading, demand response, outage detection, and integration with renewable energy sources. AMI trends involve IoT, AI, and blockchain integration for greater efficiency and data security.
5. Electric vehicle (EV) integration
Integration of electric vehicles (EVs) in smart grids provides bidirectional charging (V2G) and energy storage, improving grid stability and resilience. Smart charging maximizes EV charging and discharging, increasing grid efficiency and decreasing dependence on fossil fuels. Such synergy between smart grids and EVs leads to an improved, sustainable, and reliable energy system.
Empower your strategic planning:
Stay informed with the latest industry insights and market trends to identify new opportunities and drive growth in the smart energy market. To explore more in-depth trends, insights, and forecasts, please refer to our detailed report.
Top 12 Companies Leading the Smart Energy Market
- Siemens AG
- Cisco Systems, Inc.
- Schneider Electric SE
- ABB Ltd
- Itron Inc.
- General Electric (GE)
- IBM Corporation
- GE Vernova
- Honeywell International Inc.
- Oracle Corporation
- Enel SpA
- Eaton Corporation
1. Siemens AG
Headquarters: Munich, Germany
Siemens AG is a global leader in the market of smart energy, with complete solutions for power generation, transmission, and distribution. Siemens specializes in smart grid technologies, advanced metering infrastructure, and energy management systems for improving grid reliability and efficiency. Siemens offers digital solutions combining renewable sources of energy, grid automation, and demand response management. Their innovations help utilities and industries optimize energy consumption, emissions reduction, and sustainable, resilient power systems globally. Siemens is an important enabler of global energy transition and smart infrastructure development.
2. Cisco Systems, Inc.
Headquarters: San Jose, California, USA
Cisco Systems, Inc. is a leading technology company with operations in the smart energy market, delivering next generation networking and IoT solutions that support intelligent energy management. Cisco's smart grid technologies are designed to deliver safe, resilient communication networks for utilities, enabling concurrent data exchange and remote monitoring. Their solutions maximize grid automation, optimize operational efficiency, and support the integration of renewable energy sources. Cisco also provides cybersecurity solutions optimized for energy infrastructure, which guarantee secure and reliable energy systems. By linking devices and systems, Cisco facilitates the evolution toward smarter, more sustainable energy systems worldwide.
3. Schneider Electric SE
Headquarters: Rueil Malmaison, France
Schneider Electric SE is the global leader in energy management and automation solutions in the smart energy market. The firm offers comprehensive hardware, software, and services to maximize energy efficiency and sustainability in residential, commercial, and industrial markets. Schneider Electric smart grid solutions provide concurrent monitoring, sophisticated analytics, and automation to assist utilities in improving grid reliability and renewable energy integration. Their EcoStruxure platform offers smart energy management to their customers to minimize energy use, save costs, and improve operational efficiency globally.
4. ABB Ltd
Headquarters: Zurich, Switzerland
ABB Ltd is a worldwide technology leader in electrification, automation, and digital solutions for the smart energy market. ABB delivers advanced grid automation, smart metering, and energy management systems that optimize the efficiency, reliability, and sustainability of power networks. Their solutions facilitate the integration of renewable energy sources, energy storage, and electric vehicle infrastructure. ABB's solutions allow utilities and industries to maximize energy usage, decrease operating expenses, and improve grid resilience, accelerating the shift toward smarter, cleaner, and more flexible energy systems globally.
5. Itron Inc.
Headquarters: Liberty Lake, Washington, USA
Itron Inc. is a worldwide technology company that specializes in offering innovative solutions for the smart energy industry. The company majors in advanced metering infrastructure (AMI), smart grid technology, and data analysis that maximizes energy and water management. Itron solutions and services assist utilities in improving grid efficiency, limiting energy loss, and conserving resources. Their offerings facilitate concurrent monitoring, demand response, and renewable energy integration, allowing for more intelligent energy distribution and management for residential, commercial, and industrial customers globally.
Are you ready to discover more about the smart energy market?
The report provides an in-depth analysis of the leading companies operating in the global smart energy market. It includes a comparative assessment based on their product portfolios, business overviews, geographical footprint, strategic initiatives, market segment share, and SWOT analysis. Each company is profiled using a standardized format that includes:
Company Profiles
- Siemens AG
- Business Overview
- Company Snapshot
- Products Overview
- Company Market Share Analysis
- Company Coverage Portfolio
- Financial Analysis
- Recent Developments
- Merger and Acquisitions
- SWOT Analysis
- Cisco Systems, Inc.
- Schneider Electric SE
- ABB Ltd
- Itron Inc.
- General Electric (GE)
- IBM Corporation
- GE Vernova
- Honeywell International Inc.
- Others.
Conclusion
The smart energy market maximizes energy production, distribution, and utilization with smart grids, meters, and IoT to improve efficiency and sustainability. Stimulated by growing energy demand, environmental issues, and governmental initiatives, it incorporates renewables, energy storage, and electric vehicles. Industry leaders such as Siemens, Cisco, Schneider Electric, ABB, and Itron deliver innovative technologies for grid modernization, management, and analytics. It is critical to facilitate clean, affordable, and dependable energy systems globally, fostering a transition to sustainable urbanization and industrialization.
About the Spherical Insights & Consulting
Spherical Insights & Consulting is a market research and consulting firm which provides actionable market research study, quantitative forecasting and trends analysis provides forward-looking insight especially designed for decision makers and aids ROI.
Which is catering to different industry such as financial sectors, industrial sectors, government organizations, universities, non-profits and corporations. The company's mission is to work with businesses to achieve business objectives and maintain strategic improvements.
CONTACT US:
For More Information on Your Target Market, Please Contact Us Below:
Phone: +1 303 800 4326 (the U.S.)
Phone: +91 90289 24100 (APAC)
Email: inquiry@sphericalinsights.com, sales@sphericalinsights.com
Contact Us: https://www.sphericalinsights.com/contact-us
Need help to buy this report?