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Global Next-Generation Smart Grid Solutions Market was valued at $ 11.6 Billion in 2023 and is projected to grow at a CAGR of 22.4% through 2030

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3 years ago

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MILWAUKEE, Feb. 26, 2024 /PRNewswire/ — The “Global Next-Generation Smart Grid Solutions Market by Component (Hardware, Software, Services), by Technology (Advanced Metering Infrastructure (AMI), Grid Automation, Communication Networks, Renewable Energy Integration (Distributed Energy Resources (DERs), Microgrids, Energy Storage), Big Data Analytics, Cybersecurity, Artificial Intelligence (AI) and Machine Learning, and Others), by Application (Generation, Transmission, Distribution, Consumption), by End User (Utilities, Industrial, Commercial, Residential), and by Regions-Forecast to 2030” report has been added to Tersus Strategy’s offering.

The next-generation smart grid solutions market is experiencing significant growth and innovation as utilities worldwide seek to modernize and enhance the efficiency of their power distribution systems. This market is characterized by the integration of advanced technologies such as smart meters, grid automation, communication networks, and artificial intelligence. Key drivers for the adoption of these solutions include the need for improved grid reliability, integration of renewable energy sources, and the rising demand for energy efficiency.

Major players in the market, including General Electric (GE), Siemens, ABB, and Schneider Electric, are at the forefront of providing comprehensive smart grid solutions. These solutions encompass intelligent substations, distribution automation, cybersecurity measures, and advanced metering infrastructure. As the world transitions towards a more sustainable energy future, the market also sees the integration of renewable energy sources, demand response programs, and electrification of transportation into the smart grid ecosystem.

The convergence of big data analytics, artificial intelligence, and IoT technologies is empowering utilities to make data-driven decisions, optimize grid operations, and enhance predictive maintenance. Cybersecurity remains a critical focus to protect smart grid infrastructure from potential threats. The market is witnessing standardization efforts to ensure interoperability among diverse components and systems. Overall, the next-generation smart grid solutions market is poised for continued expansion, driven by the ongoing global energy transition and the need for resilient, sustainable, and intelligent power distribution systems.

For more information about this report visit: https://tersusstrategy.com/product/global-next-generation-smart-grid-solutions-market-2024-2030/

In the dynamic landscape of next-generation smart grid solutions, various trends shape different facets of the energy ecosystem. In power generation, the integration of distributed energy resources (DERs) and renewable sources is a prominent trend, fostering cleaner and more sustainable energy production. Transmission networks are witnessing advancements in digital substations and grid automation, enhancing reliability and adaptability to changing grid conditions. Distribution systems are undergoing a transformation with the introduction of distribution automation and self-healing grids, optimizing efficiency and minimizing downtime. At the consumption level, smart grid technologies empower consumers through real-time data, enabling better energy management and the integration of demand-side management. The rise of smart home technologies and dynamic pricing models further engages consumers in efficient energy usage. Overall, the smart grid landscape is characterized by trends that collectively drive towards a more resilient, sustainable, and interactive energy ecosystem across the entire energy value chain

Across diverse end-user segments, the trends in next-generation smart grid solutions reflect the evolving needs and priorities of utilities, industrial entities, commercial enterprises, and residential consumers. For utilities, a trend involves extensive grid modernization efforts, including the integration of advanced analytics and artificial intelligence for predictive maintenance and optimal grid operations. In the industrial sector, the adoption of smart grid technologies is characterized by enhanced energy efficiency measures, demand response systems, and the integration of renewable energy sources into manufacturing processes. Commercial entities are increasingly leveraging smart grid solutions to optimize energy consumption through building management systems, IoT-driven sensors, and data analytics, resulting in operational cost savings. In residential settings, the proliferation of smart meters, home energy management systems, and the growing use of electric vehicles contribute to a more informed and engaged consumer base, promoting energy conservation and sustainability. These trends collectively underscore the broad and transformative impact of smart grid technologies across diverse end-user segments.

Request detailed sample of this study:  https://tersusstrategy.com/product/global-next-generation-smart-grid-solutions-market-2024-2030/

Key Topics Covered:

1.            Report Scope

1.1.         Market Segmentation and scope

1.2.         Regional Scope

1.3.         Estimates and forecast timeline

2.            Market Research Methodology

2.1.         Research methodology and design

2.2.         Sample selection

2.3.         Reliability and validity

3.            Executive Summary

4.            Market Analysis

4.1.         Market size and growth rates

4.2.         Market growth drivers, market dynamics and trends

4.3.         Market scenarios and opportunity forecasts

4.4.         Market constraints and challenges

4.5.         Industry value chain analysis

4.6.         Industry analysis – Porter’s

4.6.1.     Threat of new entrants

4.6.2.     Bargaining power of suppliers

4.6.3.     Bargaining power of buyers

4.6.4.     Threat of substitutes

4.6.5.     Competitive rivalry

4.7.         PEST analysis

4.7.1.     Political/legal landscape

4.7.2.     Economic landscape

4.7.3.     Social landscape

4.7.4.     Technological landscape

5.            Market Breakdown by Component

5.1.         Introduction

5.2.         Hardware

5.2.1.     Smart Meters

5.2.2.     Sensors

5.2.3.     Communication Infrastructure

5.2.4.     Transformers

5.2.5.     Others

5.3.         Software

5.3.1.     Grid Management Systems

5.3.2.     Asset Management Systems

5.3.3.     Data Analytics and AI/ML Platforms

5.3.4.     Security and Cybersecurity Solutions

5.3.5.     Customer Engagement and Billing Systems

5.4.         Services

5.4.1.     Consulting

5.4.2.     Deployment and Integration

5.4.3.     Support and Maintenance

5.4.4.     Training and Education

6.            Market Breakdown by Technology

6.1.         Introduction

6.2.         Advanced Metering Infrastructure (AMI)

6.3.         Grid Automation

6.4.         Communication Networks

6.5.         Renewable Energy Integration

6.5.1.     Distributed Energy Resources (DERs)

6.5.2.     Microgrids

6.5.3.     Energy Storage

6.6.         Big Data Analytics

6.7.         Cybersecurity

6.8.         Artificial Intelligence (AI) and Machine Learning

6.9.         Others

7.            Market Breakdown by Application

7.1.         Introduction

7.2.         Generation

7.3.         Transmission

7.4.         Distribution

7.5.         Consumption

8.            Market Breakdown by End User

8.1.         Introduction

8.2.         Utilities

8.3.         Industrial

8.4.         Commercial

8.5.         Residential

9.            Market Breakdown – by Geography

9.1.         North America

9.1.1.     North America Next-Generation Smart Grid Solutions Market, 2024-2030

9.1.2.     North America Next-Generation Smart Grid Solutions Market, by Component

9.1.3.     North America Next-Generation Smart Grid Solutions Market, by Technology

9.1.4.     North America Next-Generation Smart Grid Solutions Market, by Application

9.1.5.     North America Next-Generation Smart Grid Solutions Market, by End User 

9.1.6.     North America Next-Generation Smart Grid Solutions Market, by Country

9.1.6.1. U.S.

9.1.6.2. Canada

9.1.6.3. Mexico

9.2.         South America

9.2.1.     South America Next-Generation Smart Grid Solutions Market, 2024-2030

9.2.2.     South America Next-Generation Smart Grid Solutions Market, by Component

9.2.3.     South America Next-Generation Smart Grid Solutions Market, by Technology

9.2.4.     South America Next-Generation Smart Grid Solutions Market, by Application

9.2.5.     South America Next-Generation Smart Grid Solutions Market, by End User 

9.2.6.     South America Next-Generation Smart Grid Solutions Market, by Country

9.2.6.1. Argentina

9.2.6.2. Brazil

9.2.6.3. Others

9.3.         Europe

9.3.1.     Europe Next-Generation Smart Grid Solutions Market, 2024-2030

9.3.2.     Europe Next-Generation Smart Grid Solutions Market, by Component

9.3.3.     Europe Next-Generation Smart Grid Solutions Market, by Technology

9.3.4.     Europe Next-Generation Smart Grid Solutions Market, by Application

9.3.5.     Europe Next-Generation Smart Grid Solutions Market, by End User 

9.3.6.     Europe Next-Generation Smart Grid Solutions Market, by Country

9.3.6.1. Germany

9.3.6.2. France

9.3.6.3. U.K.

9.3.6.4. Russia

9.3.6.5. Italy

9.3.6.6. Spain

9.3.6.7. Sweden

9.3.6.8. Switzerland

9.3.6.9. Finland

9.3.6.10.               Ireland

9.3.6.11.               Poland

9.3.6.12.               Austria

9.3.6.13.               Norway

9.3.6.14.               Netherlands

9.3.6.15.               Others

9.4.         Asia-Pacific

9.4.1.     APAC Next-Generation Smart Grid Solutions Market, 2024-2030

9.4.2.     APAC Next-Generation Smart Grid Solutions Market, by Component

9.4.3.     APAC Next-Generation Smart Grid Solutions Market, by Technology

9.4.4.     APAC Next-Generation Smart Grid Solutions Market, by Application

9.4.5.     APAC Next-Generation Smart Grid Solutions Market, by End User 

9.4.6.     APAC Next-Generation Smart Grid Solutions Market, by Country

9.4.6.1. China

9.4.6.2. Japan

9.4.6.3. South Korea

9.4.6.4. India

9.4.6.5. Singapore

9.4.6.6. Australia

9.4.6.7. Others

9.5.         Middle East & Africa

9.5.1.     MEA Next-Generation Smart Grid Solutions Market, 2024-2030

9.5.2.     MEA Next-Generation Smart Grid Solutions Market, by Component

9.5.3.     MEA Next-Generation Smart Grid Solutions Market, by Technology

9.5.4.     MEA Next-Generation Smart Grid Solutions Market, by Application

9.5.5.     MEA Next-Generation Smart Grid Solutions Market, by End User 

9.5.6.     MEA Next-Generation Smart Grid Solutions Market, by Country

9.5.6.1. Saudi Arabia

9.5.6.2. UAE

9.5.6.3. Israel

9.5.6.4. Qatar

9.5.6.5. South Africa

9.5.6.6. Others

10.          Competitive Landscape

10.1.      Company Market Positioning

10.2.      Company Geographical Presence Analysis

10.3.      Market Revenue Share Analysis (%), by Leading Players

11.          Company Profiles

•             Company Overview

•             Financial Performance

•             Product Benchmarking

•             Recent Developments

Established Players

1.            General Electric

2.            Siemens

3.            Schneider Electric

4.            ABB

5.            Eaton

6.            Itron

7.            Landis+Gyr

8.            EDMI

9.            Enel

10.          Engie

11.          Iberdrola

12.          Honeywell

13.          Cisco

14.          Huawei

15.          Microsoft

16.          IBM

17.          Oracle

Emerging Players

18.          GridBeyond

19.          sonnen GmbH

20.          AutoGrid

21.          Greenbird Integration Technology

22.          Enchanted Rock

23.          Guardtime

For more information about this report visit : https://tersusstrategy.com/product/global-next-generation-smart-grid-solutions-market-2024-2030/

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 Media Contact:
Tersus Strategy
Kevin Matthew, Business Development Manager
Info@tersusstrategy.com
+1 (414) 882-8941
333 W Brown Deer Rd. 53217-2372 Milwaukee Wisconsin USA

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China Southern Power Grid: Powering Asia-Pacific Prosperity Through Energy Cooperation

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12 minutes ago

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September 7, 2026

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SHENZHEN, China, Sept. 7, 2026 /PRNewswire/ — The following is a news report from Xinhuanet:

The Asia-Pacific Media Forum opened in Shenzhen, Guangdong Province, on September 5 under the theme “Building a Path to Shared Prosperity for the Asia-Pacific Community: Media Consensus and Action.” Qian Chaoyang, Chairman and Party Secretary of China Southern Power Grid Co., Ltd. (CSG), attended the forum and delivered remarks.

The Asia-Pacific region is a major engine of global economic growth, and clean, low-carbon, secure and efficient energy is essential to keeping that engine running smoothly. The region accounts for a significant share of global energy consumption. Its countries vary widely in their energy resources but have strong potential to complement one another, creating substantial opportunities for greater regional energy connectivity. CSG has consistently supported efforts to build an Asia-Pacific community with a shared future and has worked to become an important force in advancing energy connectivity across the region.

CSG highlighted progress in six areas across the Greater Bay Area: power supply, grid reliability, clean-energy integration, transmission technology, artificial intelligence and regional cooperation. Total electricity consumption across the Greater Bay Area exceeded 700 TWh, ranking ahead of the world’s other major bay areas; a stronger power grid, with average annual outage time per customer of less than 30 minutes and power supply reliability maintained at a world-class level; cleaner power, with approximately 180 billion kWh of clean electricity transmitted to the Greater Bay Area annually through the West-to-East Electricity Transmission project, installed renewable energy capacity exceeding 93 GW, and clean energy accounting for more than half of total installed capacity; more active innovation, with world-leading expertise in areas including complex large-scale power grid operations and flexible ultra-high-voltage direct-current (UHVDC) transmission; a smarter power system, with CSG’s proprietary power-sector foundation model, “Big Watt • Yudian,” receiving the top award at the World Artificial Intelligence Conference; and more open collaboration, with CSG launching and regularly convening the Guangdong-Hong Kong-Macao Power Enterprise Summit and establishing the Greater Bay Area Power Development Cooperation Organization to advance open, mutually beneficial regional power cooperation.   

CSG is also contributing to the development of an Asia-Pacific community with a shared future by sharing its experience in building, operating and governing the “electricity-powered Greater Bay Area,” as well as its experience in regional cooperation. The company has built 17 high-voltage power transmission links with Vietnam, Laos and Myanmar and is exploring the development of a regional electricity market in the Lancang-Mekong region. More than 84 TWh of electricity has already been exchanged across national borders, with clean energy accounting for more than 90% of the total.

Pluz Energía Perú, operated by CSG, ranks first in its local market for power supply reliability, while power outages in three demonstration zones established in partnership with Laos have declined by 70%. CSG has also hosted the Global South Power Partnership Development Forum and signed more than 50 partnership agreements. The company has trained nearly 2,000 energy professionals from partner countries and implemented a number of small-scale, high-impact community projects, including the Vinh Tan Light initiative in Vietnam and the Dok Champa project in Laos.

Looking ahead, CSG said it plans to work with regional partners to capitalize on complementary energy resources and expand cross-border energy cooperation across the Asia-Pacific.

The forum brought together more than 400 representatives from over 40 countries and regions, as well as United Nations agencies and international organizations.

View original content:https://www.prnewswire.com/apac/news-releases/china-southern-power-grid-powering-asia-pacific-prosperity-through-energy-cooperation-302871476.html

SOURCE Xinhuanet

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Frost & Sullivan Appoints Janesh Janardhanan as Global Partner and Head of Subscriptions

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12 minutes ago

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September 7, 2026

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Janardhanan to lead the strategic direction, commercial growth and global expansion of Frost & Sullivan’s analytics, subscription and Growth Generator platforms

SAN ANTONIO, Sept. 7, 2026 /CNW/ — Frost & Sullivan, the global analytics and growth advisory firm, today announced the appointment of Janesh Janardhanan as Global Partner and Head of its Subscriptions business. In this role, Janardhanan assumes P&L leadership of the company’s global subscription portfolio, encompassing its analytics business, its subscriptions platform, and its Growth Generator data platform.

The appointment reflects Frost & Sullivan’s continued investment in its recurring-revenue subscription offerings, which provide clients worldwide with continuous access to intelligence, growth opportunity analytics, and decision-support tools. Janardhanan will be responsible for driving the strategic direction, commercial performance, and global expansion of these platforms.

“I am honored to take on the leadership of Frost & Sullivan’s Subscriptions business at such a pivotal moment,” said Janesh Janardhanan, Global Partner and Head of Subscriptions, Frost & Sullivan. “Our analytics, data, and Growth Generator platforms sit at the heart of how clients identify and act on their next opportunities for growth. My focus will be on deepening the value we deliver, scaling our platforms globally, and ensuring our subscribers stay ahead of the transformations reshaping their industries.”

Janardhanan brings extensive experience in commercial leadership, analytics, and growth strategy to the role. He is a graduate of Harvard Business School (GMP) and holds an MBA and a Bachelor of Engineering from the National University of Singapore.

Under his leadership, Frost & Sullivan’s Subscriptions business will continue to expand its coverage, enrich its content and data assets, and strengthen the technology platforms that power insight and growth for organizations across the globe.

About Frost & Sullivan

For more than six decades, Frost & Sullivan has helped clients accelerate growth and achieve best-in-class positions in growth, innovation, and leadership. The company’s Growth Pipeline as a Service provides corporate leadership teams and their growth strategy partners with continuous research, insight, and analytics that drive transformational growth strategies. For more information, visit www.frost.com.

Your Transformational Growth Journey Starts Here: Schedule Your Growth Pipeline Dialog™ with the Frost & Sullivan team.

Media Contact:

Kristina Menzefricke
Marketing & Communications
Global Customer Experience, Frost & Sullivan
kristina.menzefricke@frost.com

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SOURCE Frost & Sullivan

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Sony Electronics and Hello Kitty Team Up for Limited-Edition Headphone Collection

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12 minutes ago

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September 7, 2026

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Sony Store-exclusive bundles pair select Sony headphones with custom Hello Kitty accessories featuring thoughtful, character-inspired design details

SAN DIEGO, Sept. 7, 2026 /PRNewswire/ — Sony Electronics Inc. today announced a limited-edition collaboration with Hello Kitty, one of Sanrio’s most beloved and recognizable characters. Available only through the Sony Store, the collection pairs select Sony headphones with exclusive Hello Kitty collaboration merchandise, bringing together Sony’s premium audio experience and Hello Kitty’s iconic charm. Pre-orders begin later this holiday season1.

The limited-edition collaboration is available with the following Sony headphones:

WH-1000XM6 Wireless Noise Canceling HeadphonesWH-CH730N Wireless Noise Canceling HeadphonesWH-CH530 Wireless Headphones

Available with select pink/sand pink and black colorways of the WH-1000XM6, WH-CH730N, and WH-CH530 headphones, each collaboration bundle includes a Sony Store exclusive Hello Kitty carrying case and tote bag2. Designed to hold headphones and added space for everyday essentials, the carrying case blends Hello Kitty’s signature charm with Sony’s premium, minimalist design aesthetic. Thoughtful details throughout the collaboration celebrate Hello Kitty’s world and her connection to music, entertainment, and everyday creativity, while each headphone model is paired with its own uniquely designed tote bag for everyday use.

Bringing together Sony’s audio expertise and Hello Kitty’s timeless appeal, the limited-edition collection celebrates self-expression, entertainment, and personal style. The exclusive accessories allow fans to enjoy Hello Kitty’s iconic world not only while listening to music, but also as part of their everyday routine at home and on the go.

To receive updates on this collaboration bundle, please visit https://cloud.email.sel.sony.com/HelloKittyxSony 

About Sony Electronics Inc.

Sony Electronics is a subsidiary of Sony Corporation of America and an affiliate of Sony Group Corporation, one of the most comprehensive entertainment companies in the world, with a portfolio that encompasses electronics, music, motion pictures, mobile, gaming, robotics and financial services. Headquartered in San Diego, California, Sony Electronics is a leader in electronics for the consumer and professional markets. Operations include research and development, engineering, sales, marketing, distribution, and customer service. Sony Electronics creates products that innovate and inspire generations, such as the award-winning Alpha Interchangeable Lens Cameras and revolutionary high-resolution audio products. Sony is also a leading manufacturer of end-to-end solutions from 4K professional broadcast and A/V equipment. Visit http://www.sony.com/news for more information.

About Sanrio

Sanrio is the global lifestyle brand best known for Hello Kitty, who was created in 1974, and home to many other beloved character brands such as My Melody, Kuromi, LittleTwinStars, Cinnamoroll, Pompompurin, gudetama, Aggretsuko, Chococat, Badtz-maru and Keroppi. Sanrio was founded on the philosophy that a small gift can bring happiness and friendship to people of all ages. Since 1960, this philosophy has served as the inspiration to offer quality products, services, and activities that promote communication and inspire unique consumer experiences across the world. Today, Sanrio’s business extends into the entertainment industry with several content series, gaming offerings, and theme parks. Sanrio boasts an extensive product lineup that is available in over 130 countries. Sanrio hopes to bring smiles to everyone’s faces with their vision of “One World, Connecting Smiles.” To learn more about Sanrio, please visit www.sanrio.com and follow @sanrio and @hellokitty on Facebook, Instagram, Twitter, TikTok, Pinterest, and subscribe to the Hello Kitty and Friends YouTube Channel.

1 The collaboration will be available in limited quantities in select countries and regions. Available headphone models will vary by market and may include the WH-1000XM6, WH-CH730N and WH-CH530
2 Availability of collaboration bundles and headphone models varies by country/region.

 

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SOURCE Sony Electronics, Inc.

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