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Industry Research
Grid Modernization Service Industry Research Report 2026
Market perspective
The global Grid Modernization Service market was valued at US$ million in 2025 and is projected to reach US$ million by 2032, implying a CAGR of % over 2026–2032.
North America: the Grid Modernization Service market is projected to increase from US$ million in 2026 to US$ million by 2032, reflecting a CAGR of % over 2026–2032. Europe: the Grid Modernization Service market is projected to rise from US$ million in 2026 to US$ million by 2032, registering a CAGR of % over 2026–2032. Asia Pacific: the Grid Modernization Service market is expected to grow from US$ million in 2026 to US$ million by 2032, at a CAGR of % over 2026–2032. Leading global service providers of Grid Modernization Service include Burns & McDonnell, Eaton, EnerNex, GE Vernova, Hawaiian Electric, Hitachi Energy, Infosys, Quanta Technology and Resource Innovations, among others; in 2025, the top three vendors together accounted for approximately % of global revenue.
Report Scope
Read the full market overview
This report quantifies the global Grid Modernization Service market in terms of revenue (US$ million) and, where applicable, service volume (k units), using 2024 as the base year and providing annual historical and forecast data for 2021–2032.
It standardizes definitions of service Types and end-use Applications, harmonizes provider attribution, and delivers comparable time series by company, Type, Application, and region or country, including indicative price bands (US$/k units) and concentration ratios (CR5/CR10). Outputs are intended to support service design, budgeting, capacity planning, and benchmarking for providers, platforms, channel partners, and investors; the report also reviews technology shifts and notable service innovations relevant to Grid Modernization Service.
Key Companies & Market Share Insights
This section profiles leading service providers with 2021–2025 results and a 2026–2032 outlook—covering revenue, market share, price bands, service portfolio and client mix, regional and channel mix, and key developments (M&A, network expansion, certifications). It also provides global revenue, average price, and—where applicable—volume metrics by provider, and calculates CR5/CR10 and rank changes to support comparative benchmarking.
Grid Modernization Service Market by Company
Burns & McDonnell
Eaton
EnerNex
GE Vernova
Hawaiian Electric
Hitachi Energy
Infosys
Quanta Technology
Resource Innovations
Schweitzer Engineering Laboratories
SEL
Stantec
TRC Companies
Wipro
Actalent
AECOM
Basler Electric
Grid Modernization Service Segment by Type
Digitalization and IoT Services
Data Analytics and Artificial Intelligence Services
Automation and Control System Upgrade Services
Flexible Power Transmission Services
Others
Grid Modernization Service Segment by Application
Power Transmission and Distribution Operators
Industrial and Commercial
Municipal and Public Utilities
Others
Grid Modernization Service Segment by Region
North America
United States
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Spain
Russia
Netherlands
Nordic Countries
Asia-Pacific
China
Japan
South Korea
India
Australia
Taiwan
Southeast Asia
South America
Brazil
Argentina
Chile
Colombia
Middle East & Africa
Saudi Arabia
Israel
United Arab Emirates
Turkey
Iran
Egypt
Key Drivers & Barriers
High-impact rendering factors and drivers have been studied in this report to aid the readers to understand the general development. Moreover, the report includes restraints and challenges that may act as stumbling blocks on the way of the players. This will assist the users to be attentive and make informed decisions related to business. Specialists have also laid their focus on the upcoming business prospects.
Reasons to Buy This Report
1. This report will help the readers to understand the competition within the industries and strategies for the competitive environment to enhance the potential profit. The report also focuses on the competitive landscape of the global Grid Modernization Service market, and introduces in detail the market share, industry ranking, competitor ecosystem, market performance, new product development, operation situation, expansion, and acquisition. etc. of the main players, which helps the readers to identify the main competitors and deeply understand the competition pattern of the market.
2. This report will help stakeholders to understand the global industry status and trends of Grid Modernization Service and provides them with information on key market drivers, restraints, challenges, and opportunities.
3. This report will help stakeholders to understand competitors better and gain more insights to strengthen their position in their businesses. The competitive landscape section includes the market share and rank (in volume and value), competitor ecosystem, new product development, expansion, and acquisition.
4. This report stays updated with novel technology integration, features, and the latest developments in the market
5. This report helps stakeholders to gain insights into which regions to target globally
6. This report helps stakeholders to gain insights into the end-user perception concerning the adoption of Grid Modernization Service.
7. This report helps stakeholders to identify some of the key players in the market and understand their valuable contribution.
Chapter Outline
Chapter 1: Research objectives, research methods, data sources, data cross-validation;
Chapter 2: Introduces the report scope of the report, executive summary of different market segments (product type, application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter 3: Provides the analysis of various market segments product types, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 4: Provides the analysis of various market segments application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 5: Introduces executive summary of global market size, regional market size, this section also introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by companies in the industry, and the analysis of relevant policies in the industry.
Chapter 6: Detailed analysis of Grid Modernization Service companies’ competitive landscape, revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 7, 8, 9, 10, 11: North America, Europe, Asia Pacific, South America, Middle East and Africa segment by country. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and capacity of each country in the world.
Chapter 12: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including revenue, gross margin, product introduction, recent development, etc.
Chapter 13: The main points and conclusions of the report.
More report detail
Tables and figures
Scope & coverage.
Types
- Digitalization and IoT Services
- Data Analytics and Artificial Intelligence Services
- Automation and Control System Upgrade Services
- Flexible Power Transmission Services
- Others
Applications
- Power Transmission and Distribution Operators
- Industrial and Commercial
- Municipal and Public Utilities
- Others
Companies covered
- Burns & McDonnell
- Eaton
- EnerNex
- GE Vernova
- Hawaiian Electric
- Hitachi Energy
- Infosys
- Quanta Technology
- Resource Innovations
- Schweitzer Engineering Laboratories
- SEL
- Stantec
- TRC Companies
- Wipro
- Actalent
- AECOM
- Basler Electric
Inside the report.
1 Preface
- 1.1 Scope of Report
- 1.2 Reasons for Doing This Study
- 1.3 Research Methodology
- 1.4 Research Process
- 1.5 Data Source
- 1.5.1 Secondary Sources
- 1.5.2 Primary Sources
2 Market Overview
- 2.1 Product Definition
- 2.2 Grid Modernization Service by Type
- 2.2.1 Market Value Comparison by Type (2021 VS 2025 VS 2032)
- 2.2.2 Digitalization and IoT Services
- 2.2.3 Data Analytics and Artificial Intelligence Services
- 2.2.4 Automation and Control System Upgrade Services
- 2.2.5 Flexible Power Transmission Services
- 2.2.6 Others
- 2.3 Grid Modernization Service by Application
- 2.3.1 Market Value Comparison by Application (2021 VS 2025 VS 2032)
- 2.3.2 Power Transmission and Distribution Operators
- 2.3.3 Industrial and Commercial
- 2.3.4 Municipal and Public Utilities
- 2.3.5 Others
- 2.4 Assumptions and Limitations
3 Grid Modernization Service Breakdown Data by Type
- 3.1 Global Grid Modernization Service Historic Market Size by Type (2021-2026)
- 3.2 Global Grid Modernization Service Forecasted Market Size by Type (2027-2032)
4 Grid Modernization Service Breakdown Data by Application
- 4.1 Global Grid Modernization Service Historic Market Size by Application (2021-2026)
- 4.2 Global Grid Modernization Service Forecasted Market Size by Application (2027-2032)
5 Global Growth Trends
- 5.1 Global Grid Modernization Service Market Perspective (2021-2032)
- 5.2 Global Grid Modernization Service Growth Trends by Region
- 5.2.1 Global Grid Modernization Service Market Size by Region: 2021 VS 2025 VS 2032
- 5.2.2 Grid Modernization Service Historic Market Size by Region (2021-2026)
- 5.2.3 Grid Modernization Service Forecasted Market Size by Region (2027-2032)
- 5.3 Grid Modernization Service Market Dynamics
- 5.3.1 Grid Modernization Service Industry Trends
- 5.3.2 Grid Modernization Service Market Drivers
- 5.3.3 Grid Modernization Service Market Challenges
- 5.3.4 Grid Modernization Service Market Restraints
6 Market Competitive Landscape by Players
- 6.1 Global Top Grid Modernization Service Players by Revenue
- 6.1.1 Global Top Grid Modernization Service Players by Revenue (2021-2026)
- 6.1.2 Global Grid Modernization Service Revenue Market Share by Players (2021-2026)
- 6.2 Global Grid Modernization Service Industry Players Ranking, 2023 VS 2024 VS 2025
- 6.3 Global Key Players of Grid Modernization Service Head Office and Area Served
- 6.4 Global Grid Modernization Service Players, Product Type & Application
- 6.5 Global Grid Modernization Service Manufacturers Established Date
- 6.6 Global Grid Modernization Service Market CR5 and HHI
- 6.7 Global Players Mergers & Acquisition
7 North America
- 7.1 North America Grid Modernization Service Market Size (2021-2032)
- 7.2 North America Grid Modernization Service Market Growth Rate by Country: 2021 VS 2025 VS 2032
- 7.3 North America Grid Modernization Service Market Size by Country (2021-2026)
- 7.4 North America Grid Modernization Service Market Size by Country (2027-2032)
- 7.5 United States
- 7.5 United States
- 7.6 Canada
- 7.7 Mexico
8 Europe
- 8.1 Europe Grid Modernization Service Market Size (2021-2032)
- 8.2 Europe Grid Modernization Service Market Growth Rate by Country: 2021 VS 2025 VS 2032
- 8.3 Europe Grid Modernization Service Market Size by Country (2021-2026)
- 8.4 Europe Grid Modernization Service Market Size by Country (2027-2032)
- 8.5 Germany
- 8.6 France
- 8.7 U.K.
- 8.8 Italy
- 8.9 Spain
- 8.10 Russia
- 8.11 Netherlands
- 8.12 Nordic Countries
9 Asia-Pacific
- 9.1 Asia-Pacific Grid Modernization Service Market Size (2021-2032)
- 9.2 Asia-Pacific Grid Modernization Service Market Growth Rate by Country: 2021 VS 2025 VS 2032
- 9.3 Asia-Pacific Grid Modernization Service Market Size by Country (2021-2026)
- 9.4 Asia-Pacific Grid Modernization Service Market Size by Country (2027-2032)
- 9.5 China
- 9.6 Japan
- 9.7 South Korea
- 9.8 India
- 9.9 Australia
- 9.10 China Taiwan
- 9.11 Southeast Asia
10 South America
- 10.1 South America Grid Modernization Service Market Size (2021-2032)
- 10.2 South America Grid Modernization Service Market Growth Rate by Country: 2021 VS 2025 VS 2032
- 10.3 South America Grid Modernization Service Market Size by Country (2021-2026)
- 10.4 South America Grid Modernization Service Market Size by Country (2027-2032)
- 10.5 Brazil
- 10.6 Argentina
- 10.7 Chile
- 10.8 Colombia
- 10.9 Peru
11 Middle East & Africa
- 11.1 Middle East & Africa Grid Modernization Service Market Size (2021-2032)
- 11.2 Middle East & Africa Grid Modernization Service Market Growth Rate by Country: 2021 VS 2025 VS 2032
- 11.3 Middle East & Africa Grid Modernization Service Market Size by Country (2021-2026)
- 11.4 Middle East & Africa Grid Modernization Service Market Size by Country (2027-2032)
- 11.5 Saudi Arabia
- 11.6 Israel
- 11.7 United Arab Emirates
- 11.8 Turkey
- 11.9 Iran
- 11.10 Egypt
12 Players Profiled
- 12.1 Burns & McDonnell
- 12.1.1 Burns & McDonnell Company Information
- 12.1.2 Burns & McDonnell Business Overview
- 12.1.3 Burns & McDonnell Revenue in Grid Modernization Service Business (2021-2026)
- 12.1.4 Burns & McDonnell Grid Modernization Service Product Portfolio
- 12.1.5 Burns & McDonnell Recent Developments
- 12.2 Eaton
- 12.2.1 Eaton Company Information
- 12.2.2 Eaton Business Overview
- 12.2.3 Eaton Revenue in Grid Modernization Service Business (2021-2026)
- 12.2.4 Eaton Grid Modernization Service Product Portfolio
- 12.2.5 Eaton Recent Developments
- 12.3 EnerNex
- 12.3.1 EnerNex Company Information
- 12.3.2 EnerNex Business Overview
- 12.3.3 EnerNex Revenue in Grid Modernization Service Business (2021-2026)
- 12.3.4 EnerNex Grid Modernization Service Product Portfolio
- 12.3.5 EnerNex Recent Developments
- 12.4 GE Vernova
- 12.4.1 GE Vernova Company Information
- 12.4.2 GE Vernova Business Overview
- 12.4.3 GE Vernova Revenue in Grid Modernization Service Business (2021-2026)
- 12.4.4 GE Vernova Grid Modernization Service Product Portfolio
- 12.4.5 GE Vernova Recent Developments
- 12.5 Hawaiian Electric
- 12.5.1 Hawaiian Electric Company Information
- 12.5.2 Hawaiian Electric Business Overview
- 12.5.3 Hawaiian Electric Revenue in Grid Modernization Service Business (2021-2026)
- 12.5.4 Hawaiian Electric Grid Modernization Service Product Portfolio
- 12.5.5 Hawaiian Electric Recent Developments
- 12.6 Hitachi Energy
- 12.6.1 Hitachi Energy Company Information
- 12.6.2 Hitachi Energy Business Overview
- 12.6.3 Hitachi Energy Revenue in Grid Modernization Service Business (2021-2026)
- 12.6.4 Hitachi Energy Grid Modernization Service Product Portfolio
- 12.6.5 Hitachi Energy Recent Developments
- 12.7 Infosys
- 12.7.1 Infosys Company Information
- 12.7.2 Infosys Business Overview
- 12.7.3 Infosys Revenue in Grid Modernization Service Business (2021-2026)
- 12.7.4 Infosys Grid Modernization Service Product Portfolio
- 12.7.5 Infosys Recent Developments
- 12.8 Quanta Technology
- 12.8.1 Quanta Technology Company Information
- 12.8.2 Quanta Technology Business Overview
- 12.8.3 Quanta Technology Revenue in Grid Modernization Service Business (2021-2026)
- 12.8.4 Quanta Technology Grid Modernization Service Product Portfolio
- 12.8.5 Quanta Technology Recent Developments
- 12.9 Resource Innovations
- 12.9.1 Resource Innovations Company Information
- 12.9.2 Resource Innovations Business Overview
- 12.9.3 Resource Innovations Revenue in Grid Modernization Service Business (2021-2026)
- 12.9.4 Resource Innovations Grid Modernization Service Product Portfolio
- 12.9.5 Resource Innovations Recent Developments
- 12.10 Schweitzer Engineering Laboratories
- 12.10.1 Schweitzer Engineering Laboratories Company Information
- 12.10.2 Schweitzer Engineering Laboratories Business Overview
- 12.10.3 Schweitzer Engineering Laboratories Revenue in Grid Modernization Service Business (2021-2026)
- 12.10.4 Schweitzer Engineering Laboratories Grid Modernization Service Product Portfolio
- 12.10.5 Schweitzer Engineering Laboratories Recent Developments
- 12.11 SEL
- 12.11.1 SEL Company Information
- 12.11.2 SEL Business Overview
- 12.11.3 SEL Revenue in Grid Modernization Service Business (2021-2026)
- 12.11.4 SEL Grid Modernization Service Product Portfolio
- 12.11.5 SEL Recent Developments
- 12.12 Stantec
- 12.12.1 Stantec Company Information
- 12.12.2 Stantec Business Overview
- 12.12.3 Stantec Revenue in Grid Modernization Service Business (2021-2026)
- 12.12.4 Stantec Grid Modernization Service Product Portfolio
- 12.12.5 Stantec Recent Developments
- 12.13 TRC Companies
- 12.13.1 TRC Companies Company Information
- 12.13.2 TRC Companies Business Overview
- 12.13.3 TRC Companies Revenue in Grid Modernization Service Business (2021-2026)
- 12.13.4 TRC Companies Grid Modernization Service Product Portfolio
- 12.13.5 TRC Companies Recent Developments
- 12.14 Wipro
- 12.14.1 Wipro Company Information
- 12.14.2 Wipro Business Overview
- 12.14.3 Wipro Revenue in Grid Modernization Service Business (2021-2026)
- 12.14.4 Wipro Grid Modernization Service Product Portfolio
- 12.14.5 Wipro Recent Developments
- 12.15 Actalent
- 12.15.1 Actalent Company Information
- 12.15.2 Actalent Business Overview
- 12.15.3 Actalent Revenue in Grid Modernization Service Business (2021-2026)
- 12.15.4 Actalent Grid Modernization Service Product Portfolio
- 12.15.5 Actalent Recent Developments
- 12.16 AECOM
- 12.16.1 AECOM Company Information
- 12.16.2 AECOM Business Overview
- 12.16.3 AECOM Revenue in Grid Modernization Service Business (2021-2026)
- 12.16.4 AECOM Grid Modernization Service Product Portfolio
- 12.16.5 AECOM Recent Developments
- 12.17 Basler Electric
- 12.17.1 Basler Electric Company Information
- 12.17.2 Basler Electric Business Overview
- 12.17.3 Basler Electric Revenue in Grid Modernization Service Business (2021-2026)
- 12.17.4 Basler Electric Grid Modernization Service Product Portfolio
- 12.17.5 Basler Electric Recent Developments
13 Report Conclusion
14 Disclaimer
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