Selected research
Market Structure
Global Grid Modernization Service Market by Size, by Type, by Application, by Region, History and Forecast 2021-2032
Market perspective
The global Grid Modernization Service market was valued at US$ million in 2026 and is projected to reach US$ million by 2032, implying a CAGR of xx% over 2026-2032.
The US & Canada market for Grid Modernization Service is projected to increase from US$ million in 2026 to US$ million by 2032, at a CAGR of % over 2026-2032.
The Europe market for Grid Modernization Service is projected to increase from US$ million in 2026 to US$ million by 2032, at a CAGR of % over 2026-2032.
Read the full market overview
The Asia Pacific market for Grid Modernization Service is projected to increase from US$ million in 2026 to US$ million by 2032, at a CAGR of % over 2026-2032.
The China market for Grid Modernization Service is projected to increase from US$ million in 2026 to US$ million by 2032, at a CAGR of % over 2026-2032.
Leading global manufacturers 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 Includes
This report provides an overview of the global Grid Modernization Service market and its size, analyzing global market trends based on historical revenue data for 2021-2025, estimates for 2026, and projected CAGRs through 2032.
The study covers key producers of Grid Modernization Service and revenue in major regions and countries, assesses future market potential, and highlights priority regions and countries for segmenting the market into sub-sectors, with country-specific market value data for the U.S., Canada, Mexico, Brazil, China, Japan, South Korea, Southeast Asia, India, Germany, the U.K., Italy, the Middle East, Africa, and other countries.
The report also presents Grid Modernization Service revenue, market share, and industry ranking for the main manufacturers for 2021-2026, identifies the major stakeholders in the global market, and analyzes their competitive landscape and market positioning based on recent developments and segmental revenues.
In addition, the report analyzes segment data by Type and Application—covering revenue and growth rates—for 2021-2032, and evaluates and forecasts the Grid Modernization Service market size, projected growth trends, production technologies, key applications, and end-use industries.
Grid Modernization Service Segment 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
Russia
Spain
Netherlands
Switzerland
Sweden
Poland
Asia-Pacific
China
Japan
South Korea
India
Australia
Taiwan
Southeast Asia
South America
Brazil
Argentina
Chile
Colombia
Middle East & Africa
Egypt
South Africa
Israel
Türkiye
GCC Countries
Study Objectives
1. To analyze and research the global status and future forecast, involving, production, value, consumption, growth rate (CAGR), market share, historical and forecast.
2. To present the key manufacturers, capacity, production, revenue, market share, and Recent Developments.
3. To split the breakdown data by regions, type, manufacturers, and Application.
4. To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints, and risks.
5. To identify significant trends, drivers, influence factors in global and regions.
6. To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
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: 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. Revenue of Grid Modernization Service in global and regional level. 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. 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 2: Analysis key trends, drivers, challenges, and opportunities within the global Grid Modernization Service industry.
Chapter 3: Detailed analysis of Grid Modernization Service companies' competitive landscape, revenue, market share and industry ranking, latest development plan, merger, and acquisition information, etc.
Chapter 4: Provides the analysis of various market segments by type, covering the revenue, and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 5: Provides the analysis of various market segments by application, covering the revenue, and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 6: Provides profiles of key companies, introducing the basic situation of the main companies in the market in detail, including product descriptions and specifications, Grid Modernization Servicerevenue, gross margin, and recent development, etc.
Chapter 7: North America (US & Canada) by type, by application and by country, revenue for each segment.
Chapter 8: Europe by type, by application and by country, revenue for each segment.
Chapter 9: China by type, and by application, revenue for each segment.
Chapter 10: Asia (excluding China) by type, by application and by region, revenue for each segment.
Chapter 11: South America, Middle East & Africa by type, by application and by country, revenue for each segment.
Chapter 12: Concluding Insights 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 Market Overview
- 1.1 Product Definition
- 1.2 Market Analysis by Type
- 1.2.1 Global Grid Modernization Service Market Size Growth Rate by Type: 2021 VS 2025 VS 2032
- 1.2.2 Digitalization and IoT Services
- 1.2.3 Data Analytics and Artificial Intelligence Services
- 1.2.4 Automation and Control System Upgrade Services
- 1.2.5 Flexible Power Transmission Services
- 1.2.6 Others
- 1.3 Market Analysis by Application
- 1.3.1 Global Grid Modernization Service Market Size Growth Rate by Application: 2021 VS 2025 VS 2032
- 1.3.2 Power Transmission and Distribution Operators
- 1.3.3 Industrial and Commercial
- 1.3.4 Municipal and Public Utilities
- 1.3.5 Others
- 1.4 Global Market Growth Prospects
- 1.5 Global Grid Modernization Service Growth Trends by Region
- 1.5.1 Global Grid Modernization Service Market Size by Region: 2021 VS 2025 VS 2032
- 1.5.2 Grid Modernization Service Market Size by Region (2021-2026)
- 1.5.3 Grid Modernization Service Market Size by Region (2027-2032)
- 1.6 Assumptions and Limitations
- 1.7 Study Goals and Objectives
- 1.8 Years Considered
2 Global Grid Modernization Service Market Dynamics
- 2.1 Grid Modernization Service Industry Trends
- 2.2 Grid Modernization Service Industry Drivers
- 2.3 Grid Modernization Service Industry Opportunities and Challenges
- 2.4 Grid Modernization Service Industry Restraints
3 Competitive Landscape by Company
- 3.1 Global Grid Modernization Service Revenue by Company (2021-2026)
- 3.2 Global Grid Modernization Service Players Revenue Ranking, 2024 VS 2025 VS 2026
- 3.3 Global Grid Modernization Service Key Company Head office and Area Served
- 3.4 Global Grid Modernization Service Company, Product Type & Application
- 3.5 Global Grid Modernization Service Company Establishment Date
- 3.6 Market Competitive Analysis
- 3.6.1 Global Grid Modernization Service Market CR5 and HHI
- 3.6.2 Global Top 5 and 10 Grid Modernization Service Players Market Share by Revenue in 2025
- 3.6.3 2025 Grid Modernization Service Tier 1, Tier 2, and Tier 3
4 Grid Modernization Service Market by Type
- 4.1 Global Grid Modernization Service Market Size by Type (2021 VS 2025 VS 2032)
- 4.2 Global Grid Modernization Service Market Size by Type (2021-2032)
- 4.3 Global Grid Modernization Service Market Size Share by Type (2021-2032)
5 Grid Modernization Service Market by Application
- 5.1 Global Grid Modernization Service Market Size by Application (2021 VS 2025 VS 2032)
- 5.2 Global Grid Modernization Service Market Size by Application (2021-2032)
- 5.3 Global Grid Modernization Service Market Size Share by Application (2021-2032)
6 Company Profiles
- 6.1 Burns & McDonnell
- 6.1.1 Burns & McDonnell Company Information
- 6.1.2 Burns & McDonnell Business Overview
- 6.1.3 Burns & McDonnell Grid Modernization Service Revenue and Gross Margin (US$ Million) & (2021-2026)
- 6.1.4 Burns & McDonnell Grid Modernization Service Product Portfolio
- 6.1.5 Burns & McDonnell Recent Developments
- 6.2 Eaton
- 6.2.1 Eaton Company Information
- 6.2.2 Eaton Business Overview
- 6.2.3 Eaton Grid Modernization Service Revenue and Gross Margin (US$ Million) & (2021-2026)
- 6.2.4 Eaton Grid Modernization Service Product Portfolio
- 6.2.5 Eaton Recent Developments
- 6.3 EnerNex
- 6.3.1 EnerNex Company Information
- 6.3.2 EnerNex Business Overview
- 6.3.3 EnerNex Grid Modernization Service Revenue and Gross Margin (US$ Million) & (2021-2026)
- 6.3.4 EnerNex Grid Modernization Service Product Portfolio
- 6.3.5 EnerNex Recent Developments
- 6.4 GE Vernova
- 6.4.1 GE Vernova Company Information
- 6.4.2 GE Vernova Business Overview
- 6.4.3 GE Vernova Grid Modernization Service Revenue and Gross Margin (US$ Million) & (2021-2026)
- 6.4.4 GE Vernova Grid Modernization Service Product Portfolio
- 6.4.5 GE Vernova Recent Developments
- 6.5 Hawaiian Electric
- 6.5.1 Hawaiian Electric Company Information
- 6.5.2 Hawaiian Electric Business Overview
- 6.5.3 Hawaiian Electric Grid Modernization Service Revenue and Gross Margin (US$ Million) & (2021-2026)
- 6.5.4 Hawaiian Electric Grid Modernization Service Product Portfolio
- 6.5.5 Hawaiian Electric Recent Developments
- 6.6 Hitachi Energy
- 6.6.1 Hitachi Energy Company Information
- 6.6.2 Hitachi Energy Business Overview
- 6.6.3 Hitachi Energy Grid Modernization Service Revenue and Gross Margin (US$ Million) & (2021-2026)
- 6.6.4 Hitachi Energy Grid Modernization Service Product Portfolio
- 6.6.5 Hitachi Energy Recent Developments
- 6.7 Infosys
- 6.7.1 Infosys Company Information
- 6.7.2 Infosys Business Overview
- 6.7.3 Infosys Grid Modernization Service Revenue and Gross Margin (US$ Million) & (2021-2026)
- 6.7.4 Infosys Grid Modernization Service Product Portfolio
- 6.7.5 Infosys Recent Developments
- 6.8 Quanta Technology
- 6.8.1 Quanta Technology Company Information
- 6.8.2 Quanta Technology Business Overview
- 6.8.3 Quanta Technology Grid Modernization Service Revenue and Gross Margin (US$ Million) & (2021-2026)
- 6.8.4 Quanta Technology Grid Modernization Service Product Portfolio
- 6.8.5 Quanta Technology Recent Developments
- 6.9 Resource Innovations
- 6.9.1 Resource Innovations Company Information
- 6.9.2 Resource Innovations Business Overview
- 6.9.3 Resource Innovations Grid Modernization Service Revenue and Gross Margin (US$ Million) & (2021-2026)
- 6.9.4 Resource Innovations Grid Modernization Service Product Portfolio
- 6.9.5 Resource Innovations Recent Developments
- 6.10 Schweitzer Engineering Laboratories
- 6.10.1 Schweitzer Engineering Laboratories Company Information
- 6.10.2 Schweitzer Engineering Laboratories Business Overview
- 6.10.3 Schweitzer Engineering Laboratories Grid Modernization Service Revenue and Gross Margin (US$ Million) & (2021-2026)
- 6.10.4 Schweitzer Engineering Laboratories Grid Modernization Service Product Portfolio
- 6.10.5 Schweitzer Engineering Laboratories Recent Developments
- 6.11 SEL
- 6.11.1 SEL Company Information
- 6.11.2 SEL Business Overview
- 6.11.3 SEL Grid Modernization Service Revenue and Gross Margin (US$ Million) & (2021-2026)
- 6.11.4 SEL Grid Modernization Service Product Portfolio
- 6.11.5 SEL Recent Developments
- 6.12 Stantec
- 6.12.1 Stantec Company Information
- 6.12.2 Stantec Business Overview
- 6.12.3 Stantec Grid Modernization Service Revenue and Gross Margin (US$ Million) & (2021-2026)
- 6.12.4 Stantec Grid Modernization Service Product Portfolio
- 6.12.5 Stantec Recent Developments
- 6.13 TRC Companies
- 6.13.1 TRC Companies Company Information
- 6.13.2 TRC Companies Business Overview
- 6.13.3 TRC Companies Grid Modernization Service Revenue and Gross Margin (US$ Million) & (2021-2026)
- 6.13.4 TRC Companies Grid Modernization Service Product Portfolio
- 6.13.5 TRC Companies Recent Developments
- 6.14 Wipro
- 6.14.1 Wipro Company Information
- 6.14.2 Wipro Business Overview
- 6.14.3 Wipro Grid Modernization Service Revenue and Gross Margin (US$ Million) & (2021-2026)
- 6.14.4 Wipro Grid Modernization Service Product Portfolio
- 6.14.5 Wipro Recent Developments
- 6.15 Actalent
- 6.15.1 Actalent Company Information
- 6.15.2 Actalent Business Overview
- 6.15.3 Actalent Grid Modernization Service Revenue and Gross Margin (US$ Million) & (2021-2026)
- 6.15.4 Actalent Grid Modernization Service Product Portfolio
- 6.15.5 Actalent Recent Developments
- 6.16 AECOM
- 6.16.1 AECOM Company Information
- 6.16.2 AECOM Business Overview
- 6.16.3 AECOM Grid Modernization Service Revenue and Gross Margin (US$ Million) & (2021-2026)
- 6.16.4 AECOM Grid Modernization Service Product Portfolio
- 6.16.5 AECOM Recent Developments
- 6.17 Basler Electric
- 6.17.1 Basler Electric Company Information
- 6.17.2 Basler Electric Business Overview
- 6.17.3 Basler Electric Grid Modernization Service Revenue and Gross Margin (US$ Million) & (2021-2026)
- 6.17.4 Basler Electric Grid Modernization Service Product Portfolio
- 6.17.5 Basler Electric Recent Developments
7 North America
- 7.1 North America Grid Modernization Service Market Size (2021-2032)
- 7.2 North America Grid Modernization Service Market Size by Type
- 7.2.1 North America Grid Modernization Service Market Size by Type (2021-2026)
- 7.2.2 North America Grid Modernization Service Market Size by Type (2027-2032)
- 7.2.3 North America Grid Modernization Service Market Share by Type (2021-2032)
- 7.3 North America Grid Modernization Service Market Size by Application
- 7.3.1 North America Grid Modernization Service Market Size by Application (2021-2026)
- 7.3.2 North America Grid Modernization Service Market Size by Application (2027-2032)
- 7.3.3 North America Grid Modernization Service Market Share by Application (2021-2032)
- 7.4 North America Grid Modernization Service Market Size by Country
- 7.4.1 North America Grid Modernization Service Market Size by Country (2021 VS 2025 VS 2032)
- 7.4.2 North America Grid Modernization Service Market Size by Country (2021-2026)
- 7.4.3 North America Grid Modernization Service Market Size by Country (2027-2032)
- 7.4.4 North America Grid Modernization Service Market Share by Country (2021-2032)
- 7.4.5 United States
- 7.4.6 Canada
- 7.4.7 Mexico
8 Europe
- 8.1 Europe Grid Modernization Service Market Size (2021-2032)
- 8.2 Europe Grid Modernization Service Market Size by Type
- 8.2.1 Europe Grid Modernization Service Market Size by Type (2021-2026)
- 8.2.2 Europe Grid Modernization Service Market Size by Type (2027-2032)
- 8.2.3 Europe Grid Modernization Service Market Share by Type (2021-2032)
- 8.3 Europe Grid Modernization Service Market Size by Application
- 8.3.1 Europe Grid Modernization Service Market Size by Application (2021-2026)
- 8.3.2 Europe Grid Modernization Service Market Size by Application (2027-2032)
- 8.3.3 Europe Grid Modernization Service Market Share by Application (2021-2032)
- 8.4 Europe Grid Modernization Service Market Size by Country
- 8.4.1 Europe Grid Modernization Service Market Size by Country (2021 VS 2025 VS 2032)
- 8.4.2 Europe Grid Modernization Service Market Size by Country (2021-2026)
- 8.4.3 Europe Grid Modernization Service Market Size by Country (2027-2032)
- 8.4.4 Europe Grid Modernization Service Market Share by Country (2021-2032)
- 8.4.5 Germany
- 8.4.6 France
- 8.4.7 U.K.
- 8.4.8 Italy
- 8.4.9 Russia
- 8.4.10 Nordic Countries
9 China
- 9.1 China Grid Modernization Service Market Size (2021-2032)
- 9.2 China Grid Modernization Service Market Size by Type
- 9.2.1 China Grid Modernization Service Market Size by Type (2021-2026)
- 9.2.2 China Grid Modernization Service Market Size by Type (2027-2032)
- 9.2.3 China Grid Modernization Service Market Share by Type (2021-2032)
- 9.3 China Grid Modernization Service Market Size by Application
- 9.3.1 China Grid Modernization Service Market Size by Application (2021-2026)
- 9.3.2 China Grid Modernization Service Market Size by Application (2027-2032)
- 9.3.3 China Grid Modernization Service Market Share by Application (2021-2032)
10 Asia (Excluding China)
- 10.1 Asia Grid Modernization Service Market Size (2021-2032)
- 10.2 Asia Grid Modernization Service Market Size by Type
- 10.2.1 Asia Grid Modernization Service Market Size by Type (2021-2026)
- 10.2.2 Asia Grid Modernization Service Market Size by Type (2027-2032)
- 10.2.3 Asia Grid Modernization Service Market Share by Type (2021-2032)
- 10.3 Asia Grid Modernization Service Market Size by Application
- 10.3.1 Asia Grid Modernization Service Market Size by Application (2021-2026)
- 10.3.2 Asia Grid Modernization Service Market Size by Application (2027-2032)
- 10.3.3 Asia Grid Modernization Service Market Share by Application (2021-2032)
- 10.4 Asia Grid Modernization Service Market Size by Country
- 10.4.1 Asia Grid Modernization Service Market Size by Country (2021 VS 2025 VS 2032)
- 10.4.2 Asia Grid Modernization Service Market Size by Country (2021-2026)
- 10.4.3 Asia Grid Modernization Service Market Size by Country (2027-2032)
- 10.4.4 Asia Grid Modernization Service Market Share by Country (2021-2032)
- 10.4.5 Japan
- 10.4.6 South Korea
- 10.4.7 Taiwan
- 10.4.8 Southeast Asia
- 10.4.9 India
- 10.4.10 Australia
11 South America, Middle East & Africa
- 11.1 South America, Middle East & Africa Grid Modernization Service Market Size (2021-2032)
- 11.2 South America, Middle East & Africa Grid Modernization Service Market Size by Type
- 11.2.1 South America, Middle East & Africa Grid Modernization Service Market Size by Type (2021-2026)
- 11.2.2 South America, Middle East & Africa Grid Modernization Service Market Size by Type (2027-2032)
- 11.2.3 South America, Middle East & Africa Grid Modernization Service Market Share by Type (2021-2032)
- 11.3 South America, Middle East & Africa Grid Modernization Service Market Size by Application
- 11.3.1 South America, Middle East & Africa Grid Modernization Service Market Size by Application (2021-2026)
- 11.3.2 South America, Middle East & Africa Grid Modernization Service Market Size by Application (2027-2032)
- 11.3.3 South America, Middle East & Africa Grid Modernization Service Market Share by Application (2021-2032)
- 11.4 South America, Middle East & Africa Grid Modernization Service Market Size by Country
- 11.4.1 South America, Middle East & Africa Grid Modernization Service Market Size by Country (2021 VS 2025 VS 2032)
- 11.4.2 South America, Middle East & Africa Grid Modernization Service Market Size by Country (2021-2026)
- 11.4.3 South America, Middle East & Africa Grid Modernization Service Market Size by Country (2027-2032)
- 11.4.4 South America, Middle East & Africa Grid Modernization Service Market Share by Country (2021-2032)
- 11.4.5 Brazil
- 11.4.6 South Africa
- 11.4.7 Saudi Arabia
- 11.4.8 Turkey
- 11.4.9 Argentina
- 11.4.9 UAE
- 11.4.9 Egypt
- 11.4.9 Chile
12 Concluding Insights
13 Appendix
- 13.1 Reasons for Doing This Study
- 13.2 Research Methodology
- 13.3 Research Process
- 13.4 Authors List of This Report
- 13.5 Data Source
- 13.5.1 Secondary Sources
- 13.5.2 Primary Sources
- 13.6 Disclaimer
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