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    UK Smart Grid Networking Market

    ID: MRFR/ICT/63055-HCR
    200 Pages
    Aarti Dhapte
    October 2025

    UK Smart Grid Networking Market Research Report By Hardware (Cables, Controllers, Routers, Smart Meter, Switches)- Forecast to 2035

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    UK Smart Grid Networking Market Infographic
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    UK Smart Grid Networking Market Summary

    The United Kingdom Smart Grid Networking market is poised for substantial growth, projected to reach 2150 USD Million by 2035.

    Key Market Trends & Highlights

    UK Smart Grid Networking Key Trends and Highlights

    • The market is valued at 860 USD Million in 2024, indicating a strong foundation for future expansion.
    • With a compound annual growth rate of 8.69 percent from 2025 to 2035, the market is expected to experience robust growth.
    • By 2035, the market is anticipated to more than double its value, reaching 2150 USD Million.
    • Growing adoption of smart grid technologies due to increasing demand for energy efficiency is a major market driver.

    Market Size & Forecast

    2024 Market Size 860 (USD Million)
    2035 Market Size 2150 (USD Million)
    CAGR (2025-2035) 8.69%

    Major Players

    Oracle, Siemens, Innergex Renewable Energy, E.ON, Itron, Cisco, RWE, Octopus Energy, National Grid, Landis+Gyr, GE Grid Solutions, SSE, Schneider Electric, Honeywell

    UK Smart Grid Networking Market Trends

    This adoption supports both consumers and energy providers in managing usage effectively. The trend towards digitization and automation in energy networks is also prominent, fostering improved communication and coordination among different grid components. The market also presents various opportunities to explore, particularly in the area of enhancing consumer engagement through smart technologies. With programs promoting energy awareness and demand-side management, utilities can encourage consumers to shift their energy usage to off-peak hours, which leads to more efficient energy consumption patterns. 

    Market Segment Insights

    UK Smart Grid Networking Market Segment Insights

    UK Smart Grid Networking Market Segment Insights

    Smart Grid Networking Market Hardware Insights

    Smart Grid Networking Market Hardware Insights

    The Hardware segment of the UK Smart Grid Networking Market represents a critical component in the efficient functioning and development of smart grids, enabling improved energy management and distribution channels across the country. Cables play a significant role as they form the backbone of connectivity, ensuring reliable data and power transmission between various devices. Controllers are essential for managing the flow of energy, allowing for real-time adjustments in response to demand variations, which is becoming increasingly important as the UK transitions to renewable energy sources.Routers facilitate data communication, ensuring that information from smart meters and other devices can be effectively relayed to utility companies, which is vital for implementing smart grid solutions efficiently. 

    Smart meters themselves are pivotal as they provide detailed consumption data to consumers and energy providers, fostering energy efficiency and consumer engagement in energy management practices. Finally, switches are integral for directing electrical flow and managing circuit connectivity within the smart grid framework. Overall, the Hardware segment stands out as a dominant factor in the UK Smart Grid Networking Market, driven by the urgent need for enhanced grid resilience, sustainable energy practices, and regulatory pushes towards smarter energy systems.

    The ongoing advancements in technology and increased investment in smart grid infrastructure further underscore the importance of these hardware components in achieving a reliable and efficient energy grid future for the UK. With the government and industry stakeholders emphasizing the transition to greener energy, the Hardware segment is expected to see significant developments and innovations, thereby playing a crucial role in the overall growth of the UK Smart Grid Networking Market.

    Source: Primary Research, Secondary Research, MRFR Database and Analyst Review

    Get more detailed insights about UK Smart Grid Networking Market

    Key Players and Competitive Insights

    The UK Smart Grid Networking Market is witnessing significant advancements, prompted by the growing need for efficient energy management and the transition to renewable energy sources. As industries and government sectors increasingly prioritize the modernization of electrical grids, the competitive landscape is becoming ever more dynamic. Several key players are emerging, each focusing on innovative technologies and unique strategies to capture market share. Competition is fueled by the rising demand for sustainable energy solutions, an array of investment in infrastructure upgrades, and government regulations aimed at reducing carbon footprints. The market's structure tends to favor companies that can offer versatile networking solutions and address the complex challenges of integrating diverse energy sources while optimizing grid performance.

    Oracle has established a substantial presence in the UK Smart Grid Networking Market, becoming a notable contributor through its advanced suite of integrated software and cloud-based solutions tailored for energy management. Its competencies in data analytics, cloud computing, and real-time monitoring empower utilities to improve operational efficiency, predict maintenance needs, and enhance customer engagement. 

    Oracle's strengths lie in its ability to provide scalable solutions that address the unique needs of energy providers, enabling them to respond quickly to market demands and regulatory requirements. The company’s commitment to innovation in smart grid technologies has strengthened its position, making it a preferred partner for various utilities looking to navigate the complexities of grid modernization.Siemens, known for its comprehensive portfolio in smart grid technologies, holds a significant share of the UK Smart Grid Networking Market. The company's offerings include advanced grid management systems, energy automation solutions, and digital services that facilitate efficient energy distribution. 

    Siemens has made notable investments in research and development to enhance its smart grid capabilities, allowing it to offer cutting-edge products that meet the rising demands of a modern energy ecosystem. With a strong market presence, Siemens benefits from its reputation for reliability and innovation, along with strategic partnerships and acquisitions that enhance its service offerings. These elements collectively fortify Siemens' foothold in the UK market, ensuring that it remains a pivotal player in the ongoing evolution of smart grid infrastructure across the region.

    Key Companies in the UK Smart Grid Networking Market market include

    Industry Developments

    The UK Smart Grid Networking Market has seen significant developments in 2023, with increasing investments aimed at enhancing energy efficiency and reliability. Companies like Siemens and Schneider Electric are actively upgrading their technologies to support the transition to renewable energy sources. In July 2023, Oracle announced a collaboration with National Grid to develop advanced data analytics solutions for better grid management. 

    Additionally, E.ON has been expanding its smart meter rollout, focusing on residential areas to promote energy conservation.

    The market has also witnessed notable mergers and acquisitions. In August 2023, Cisco acquired certain assets from Itron, aiming to enhance its Internet of Things solutions within the smart grid sector. Furthermore, in May 2023, Scottish and Southern Energy (SSE) completed its acquisition of a stake in Innergex Renewable Energy, further solidifying its position in renewable technologies in the UK. 

    Growth in the market valuation of established players like ABB and Landis+Gyr is being driven by government policies promoting smart grid technologies, reflecting a robust commitment to achieving net-zero targets and reducing carbon emissions in line with the UK's energy strategy.

    Market Segmentation

    Smart Grid Networking Market Hardware Outlook

    • Cables
    • Controllers
    • Routers
    • Smart Meter
    • Switches

    Report Scope

     

    Report Attribute/Metric Source: Details
    MARKET SIZE 2023 779.55(USD Million)
    MARKET SIZE 2024 860.0(USD Million)
    MARKET SIZE 2035 2150.0(USD Million)
    COMPOUND ANNUAL GROWTH RATE (CAGR) 8.687% (2025 - 2035)
    REPORT COVERAGE Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
    BASE YEAR 2024
    MARKET FORECAST PERIOD 2025 - 2035
    HISTORICAL DATA 2019 - 2024
    MARKET FORECAST UNITS USD Million
    KEY COMPANIES PROFILED Oracle, Siemens, Innergex Renewable Energy, E.ON, ABB, Itron, Cisco, RWE, Octopus Energy, National Grid, Landis+Gyr, GE Grid Solutions, SSE, Schneider Electric, Honeywell
    SEGMENTS COVERED Hardware
    KEY MARKET OPPORTUNITIES Decentralized energy generation integration, Advanced metering infrastructure deployment, Enhanced cybersecurity solutions, Renewable energy management systems, Electric vehicle charging networks expansion
    KEY MARKET DYNAMICS regulatory support, technological advancements, increasing renewable integration, investment in infrastructure, consumer demand for sustainability
    COUNTRIES COVERED UK

    FAQs

    What is the expected market size of the UK Smart Grid Networking Market in 2024?

    The UK Smart Grid Networking Market is expected to be valued at 860.0 USD Million in the year 2024.

    What is the projected market size of the UK Smart Grid Networking Market by 2035?

    By the year 2035, the overall market size is expected to reach 2150.0 USD Million.

    What is the expected compound annual growth rate (CAGR) for the UK Smart Grid Networking Market between 2025 to 2035?

    The market is projected to grow at a CAGR of 8.687 % from 2025 to 2035.

    What are the key players in the UK Smart Grid Networking Market?

    Major players in the market include Oracle, Siemens, ABB, Cisco, and National Grid among others.

    What is the market value for Smart Meters in the UK Smart Grid Networking Market in 2024?

    Smart Meters are valued at 250.0 USD Million in the UK Smart Grid Networking Market for the year 2024.

    What will be the market value for Controllers in the UK Smart Grid Networking Market by 2035?

    The market value for Controllers is expected to reach 450.0 USD Million by the year 2035.

    How much is the UK Smart Grid Networking Market for Cables expected to grow by 2035?

    The market for Cables is anticipated to grow to 350.0 USD Million by the year 2035.

    What is the size of the market for Routers in 2024 within the UK Smart Grid Networking sector?

    In 2024, the market size for Routers is projected to be 130.0 USD Million.

    What are the expected growth opportunities in the UK Smart Grid Networking Market?

    Emerging trends include increased demand for smart technologies and renewable energy integration.

    What challenges does the UK Smart Grid Networking Market currently face?

    Challenges include the need for substantial infrastructure investment and regulatory hurdles.

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