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Global Grid Decarbonization Market Growth (Status and Outlook) 2024-2030

Global Grid Decarbonization Market Growth (Status and Outlook) 2024-2030

Product Code:1246478

Published Date: Dec 22,2024

Pages: 117

Region: Global

Category: Energy & Power

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The global Grid Decarbonization market size is predicted to grow from US$ 35000 million in 2024 to US$ 69980 million in 2030; it is expected to grow at a CAGR of 12.2% from 2024 to 2030.

Grid decarbonization refers to the process of transitioning energy generation systems from fossil fuel-based power sources to low-carbon or zero-carbon sources in order to reduce greenhouse gas (GHG) emissions. Grid decarbonization is a fundamental component of the global transition to a sustainable and low-carbon future. It involves a multi-faceted approach, combining renewable energy adoption, energy storage, grid modernization, electrification of end-use sectors, and supportive policies. While the transition faces challenges such as intermittency, infrastructure needs, and regulatory barriers, the benefits—such as reduced emissions, improved health, and enhanced energy security—make grid decarbonization a priority for governments, industries, and societies worldwide.

United States market for Grid Decarbonization is estimated to increase from US$ million in 2023 to US$ million by 2030, at a CAGR of % from 2024 through 2030.

China market for Grid Decarbonization is estimated to increase from US$ million in 2023 to US$ million by 2030, at a CAGR of % from 2024 through 2030.

Europe market for Grid Decarbonization is estimated to increase from US$ million in 2023 to US$ million by 2030, at a CAGR of % from 2024 through 2030.

Global key Grid Decarbonization players cover ABB, NEC, GE, BYD, Samsung SDI, etc. In terms of revenue, the global two largest companies occupied for a share nearly % in 2023.

LPI (LP Information)' newest research report, the “Grid Decarbonization Industry Forecast” looks at past sales and reviews total world Grid Decarbonization sales in 2023, providing a comprehensive analysis by region and market sector of projected Grid Decarbonization sales for 2024 through 2030. With Grid Decarbonization sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Grid Decarbonization industry.

This Insight Report provides a comprehensive analysis of the global Grid Decarbonization landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyses the strategies of leading global companies with a focus on Grid Decarbonization portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Grid Decarbonization market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Grid Decarbonization and breaks down the forecast by Type, by Application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Grid Decarbonization.

This report presents a comprehensive overview, market shares, and growth opportunities of Grid Decarbonization market by product type, application, key players and key regions and countries.

Segmentation by Type:
    Solar System
    Energy Storage System
    V2G System
    Others

Segmentation by Application:
    Utility & Residential
    Commercial & Industrial
    Others

This report also splits the market by region:
    Americas
        United States
        Canada
        Mexico
        Brazil
    APAC
        China
        Japan
        Korea
        Southeast Asia
        India
        Australia
    Europe
        Germany
        France
        UK
        Italy
        Russia
    Middle East & Africa
        Egypt
        South Africa
        Israel
        Turkey
        GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
    ABB
    NEC
    GE
    BYD
    Samsung SDI
    CATL
    Aquion Energy
    Echelon
    Raytheon
    Schneider Electric
    Eaton Corporation
    Sunverge Energy
    Siemens
    Toshiba
    PowerSecure