• Market Insights

Smart Grid: Architecture, Engineering and Construction Sector Snapshot

We are pleased to share our latest research, a Sector Snapshot Report on Smart Grids.

This report is the first in a series of five, each focusing on a key sub-segment within the Smart Grid sector: (1) Architecture, Engineering and Construction, (2) Hardware and Components, (3) Software and IT, (4) Grid Operators and Energy Suppliers, and (5) Independent Service Providers.

With a focus on the Architecture, Engineering and Construction (AEC) sub-segment, the report covers the following topics and key points:

Smart Grid Definition (across all sub-segments):

  • Digital, self-monitoring grid with automation, real-time control, and two-way energy and data flow

  • Connects renewables, storage, and smart devices to improve efficiency, reliability, and sustainability

Market Size and Overall Growth (across all sub-segments):

  • Market size of USD 60 bn (2024), expected to grow to USD 289 bn by 2034 (CAGR 16.9%)

  • Main Growth Areas: Renewable energy integration, grid automation & digitalization, EV infrastructure, and energy storage

Purpose (AEC):

  • Plan, engineer and construct modern smart grids to enhance grid reliability, efficiency, and sustainability

Key Customers & Applications (AEC):

  • Utilities, government entities, and industrial sectors driving grid modernization and renewable energy integration

Market Structure (AEC):

  • Dominated by multinationals offering end-to-end services, with smaller specialized firms active in regional projects and niche solutions

Selected Key Players (AEC):

  • Diverse set of players ranging from smaller and more focused players like Enpal, VSB or SEAR to bigger and more diversified players like Bilfinger, BWK or Strabag

Transaction Market Dynamics (AEC):

  • Strong deal flow, especially in North America and increasingly in Europe, driven by grid upgrades, renewables, and distributed energy rollouts

  • M&A activity fueled by sector fragmentation, demand for full-stack capabilities, and opportunities in areas like EV charging, smart metering, and digital grid solutions

Please reach out to us if you would like to discuss the sector in more detail or would like to talk about specific transaction opportunities in the space!

Link zum Sector Snapshot (EN)