Emerging Trends Influencing The Growth Of The Smart Grid Communications Market: Launch Of A Next-Generation Powerline Communication Device For Smart Grid Integration In Electric Vehicle Charging Stations

The Smart Grid Communications Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025 to 2034. This report explores crucial market trends, major drivers and market segmentation by [key segment categories].

How Big Is the Smart Grid Communications Market Size Expected to Be by 2034?
The market size of smart grid communications has expanded significantly in the past few years. A surge from $13.18 billion in 2024 to $14.81 billion in 2025, with a compound annual growth rate (CAGR) of 12.4% is expected. Factors contributing to this growth during the historical period include advancements in telecommunications technology, increased need for energy efficiency, regulatory directives and standards, growing complexity and trustworthiness issues in grids, technological breakthroughs, and cost cuts.

We can anticipate a swift expansion of the smart grid communications market in the upcoming years with its size predicted to escalate to $24.43 billion by 2029, growing at a compound annual growth rate (CAGR) of 13.3%. Factors contributing to this predicted growth during the forecast period may be higher integration of renewable energy sources, a stronger focus on grid modernization ventures, heightened need for real-time data analysis and grid optimization, augmented installation of electric vehicles and energy storage systems, escalating cybersecurity risks, and a growing necessity for reliable communication infrastructure. Noteworthy trends for the forecast period encompass the incorporation of 5G, edge computing, harmonized standards, greater application of artificial intelligence (AI) and machine learning, and the implementation of advanced cybersecurity protocols.

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What Are the Emerging Segments Within the Smart Grid Communications Market?
The smart grid communications market covered in this report is segmented -

1) By Type: Wired, Wireless
2) By Solution: Wide Area Network (WAN), Home Area Network (HAN), Field Area Network (FAN)
3) By Application: Command And Control, Communications, Computers, Surveillance And Reconnaissance
4) By End-User: Media And Entertainment, Banking, Financial Services, And Insurance (BFSI), Healthcare, Transportation, Public Sector, Energy And Utilities, Other End Users

Subsegments:
1) By Wired: Power Line Communication (PLC), Fiber Optic Communication, Ethernet Communication, Copper Wire Communication (Coaxial Cables)
2) By Wireless: Cellular Networks (4G, 5G), Wi-Fi, Zigbee, Long Range Wide Area Network (LoRaWAN), Radio Frequency (RF) Communication, Satellite Communication, Low Power Wide Area Network (LPWAN), Bluetooth

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What Long-Term Drivers Are Shaping Smart Grid Communications Market Trends?
The escalation in the need for renewable energy is set to drive the development of the smart grid communications market. Renewable energy is defined as energy gathered from naturally renewing sources including sunlight, wind, water, and geothermal heat, providing viable alternatives to traditional fossil fuels. Various factors such as intensifying public awareness and advocacy for renewable energy, environmental apprehensions, energy safety, and corporate sustainability objectives are stimulating the demand for renewable energy. Smart grid communications are imperative for renewable energy systems to seamlessly integrate into the existing electricity grid, enhance operations, strengthen grid robustness, and support the shift towards a sustainable and dependable energy future. For example, data from the Department of Energy Security and Net Zero, a government department in the UK, revealed that in December 2023, generation of renewable electricity touched 30.1 TWh in the third quarter, indicating a 6.8% growth when compared with the same period in 2022. Thus, the surging demand for renewable energy is encouraging the expansion of the smart grid communications market.

Who Are the Top Competitors in Key Smart Grid Communications Market Segments?
Major companies operating in the smart grid communications market are Verizon Communications Inc., Siemens AG, General Electric Company, International Business Machines Corporation, Cisco Systems Inc., Oracle Corporation, Tantalus Systems Corp., Mitsubishi Electric Corporation, Schneider Electric SE, ABB Ltd., Fujitsu Ltd., Eaton Corporation PLC, TE Connectivity Ltd., Emerson Electric Co., Xylem Inc., Honeywell International Inc., Itron Inc., Landis+Gyr, QinetiQ Group PLC, S&C Electric Co., Trilliant Holdings Inc., Infrax Systems Inc., Cooper Electric, Tropos Networks, Silver Spring Networks

What Are the Major Trends Shaping the Smart Grid Communications Market?
Leading players in the realm of smart grid communications, such as Qualcomm Technologies Inc., are ushering in advanced product offerings like powerline communication devices. These devices utilise existing electric wire systems to transmit data, voice, and video signals to support the growing needs of the industry and increase revenue. In May 2022, Qualcomm, a United States-based wireless telecommunication solution provider, debuted the QCA7006AQ. This advanced powerline communication device is developed to integrate smoothly with smart grid communications, with a specific focus on electric vehicle charging stations. The QCA7006AQ is designed to support vehicle-to-grid (V2G) systems, enabling efficient charging periods while limiting peak-load power generation and distribution. This orchestrated approach ensures effective energy management and helps in maintaining an even energy demand on the grid. Using the Combined Charging System (CCS) standard, customers are given the flexibility to choose their preferred charging durations and draw energy from their electric vehicles as needed. As a result, the demand for EV charging is met while managing the peak load power generation and distribution constraints. In addition to HomePlug GreenPHY, the QCA7006AQ provides the option of HomePlug AV support, delivering a PHY rate of 200 Mbps and a UDP throughput of 95 Mbps over Ethernet.

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Which Regions Are Becoming Hubs for Smart Grid Communications Market Innovation?
North America was the largest region in the smart grid communications market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the smart grid communications market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Smart Grid Communications Market?
2. What is the CAGR expected in the Smart Grid Communications Market?
3. What Are the Key Innovations Transforming the Smart Grid Communications Industry?
4. Which Region Is Leading the Smart Grid Communications Market?

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