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Americas, Europe & Asia Power Grid And Distribution Automation Market By Components

By Components, the market is segmented into Hardware Components, Intelligent Electronic Devices (IEDs), Protection Relays, Remote Terminal Units (RTUs), Smart Meters, Smart Switchgear & Reclosers, and Software & Control Systems (2019–2035)

Author: Wantstats Research TeamSource: Wantstats Repository
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Americas, Europe & Asia Power Grid And Distribution Automation Market By Components — full underlying data
LabelHardware ComponentsIntelligent Electronic Devices (IEDs)Protection RelaysRemote Terminal Units (RTUs)Smart MetersSmart Switchgear & ReclosersSoftware & Control Systems
2019133.2993 USD Million28.0728 USD Million16.2092 USD Million10.7972 USD Million47.4279 USD Million30.7921 USD Million80.5956 USD Million
2020141.7277 USD Million29.8337 USD Million17.4325 USD Million11.6925 USD Million49.8173 USD Million32.9517 USD Million85.2182 USD Million
2021156.6309 USD Million32.9551 USD Million19.4849 USD Million13.157 USD Million54.3822 USD Million36.6516 USD Million93.6582 USD Million
2022177.4716 USD Million37.3223 USD Million22.3259 USD Million15.1738 USD Million60.855 USD Million41.7946 USD Million105.5321 USD Million
2023202.1284 USD Million42.4874 USD Million25.7107 USD Million17.5852 USD Million68.4407 USD Million47.9044 USD Million119.5272 USD Million
2024228.7689 USD Million48.0643 USD Million29.4197 USD Million20.246 USD Million76.4774 USD Million54.5614 USD Million134.5293 USD Million
2025258.2046 USD Million54.223 USD Million33.5666 USD Million23.2384 USD Million85.2075 USD Million61.9691 USD Million150.9944 USD Million
2026289.4246 USD Million60.8081 USD Million37.22 USD Million25.6141 USD Million96.7546 USD Million69.0278 USD Million170.1984 USD Million
2027322.6524 USD Million67.8215 USD Million41.0414 USD Million28.0708 USD Million109.2501 USD Million76.4686 USD Million190.7983 USD Million
2028358.6251 USD Million75.4189 USD Million45.115 USD Million30.6624 USD Million122.9726 USD Million84.4562 USD Million213.2536 USD Million
2029395.7763 USD Million83.2713 USD Million49.2346 USD Million33.2452 USD Million137.4135 USD Million92.6117 USD Million236.6563 USD Million
2030436.3312 USD Million91.8477 USD Million53.6687 USD Million35.9973 USD Million153.3704 USD Million101.447 USD Million262.3577 USD Million
2031481.6807 USD Million101.442 USD Million58.5724 USD Million39.0161 USD Million171.382 USD Million111.2682 USD Million291.2344 USD Million
2032531.825 USD Million112.0555 USD Million63.9254 USD Million42.2801 USD Million191.5102 USD Million122.0538 USD Million323.3366 USD Million
2033584.5255 USD Million123.218 USD Million69.4416 USD Million45.593 USD Million213.0011 USD Million133.2718 USD Million357.3461 USD Million
2034643.3028 USD Million135.6726 USD Million75.5238 USD Million49.2127 USD Million237.1858 USD Million145.7081 USD Million395.4552 USD Million
2035708.2897 USD Million149.4491 USD Million82.1616 USD Million53.1217 USD Million264.1921 USD Million159.3652 USD Million437.8102 USD Million

Data Source: Wantstats Repository

Wantstats

Growth Outlook

  • The Americas, Europe & Asia Power Grid And Distribution Automation Market By Components market is on a steady long-term growth path. Segment value stands at roughly USD 749 Million in 2026 and is projected to reach USD 1854 Million by 2035 — a gain of about 148% over the forecast period, translating to a CAGR in the double digits.
  • What the regional split looks like (2026): Hardware Components leads, holding roughly 39% of segment value — the single largest regional share. Software & Control Systems is the second-largest contributor. Smart Meters, Smart Switchgear & Reclosers, Intelligent Electronic Devices (IEDs), Protection Relays and Remote Terminal Units (RTUs) make up the remainder, in descending order.
  • By 2035, Hardware Components alone is expected to reach USD 708 Million, with Software & Control Systems at USD 438 Million.

Market Dynamics

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