Report Highlights
- The global smart grid market should reach $55.9 billion by 2026 from $36.9 billion in 2021 at a compound annual growth rate (CAGR) of 8.7% for the forecast period of 2021 to 2026.
- The global smart transducers market should reach $551.8 million by 2026 from $375.0 million in 2021 at a compound annual growth rate (CAGR) of 8.0% for the forecast period of 2021 to 2026.
- The global smart displays market should reach $205.4 billion by 2026 from $98.9 billion in 2021 at a compound annual growth rate (CAGR) of 15.7% for the forecast period of 2021 to 2026.
“Smart devices” are electronic devices that can connect, interact, receive feedback and self-optimize their processes. These devices are designed to be efficient (energy/time) with significantly higher functionality.
While the epidemic has created several hurdles, ranging from supply chain delays to store closures and social distancing regulations to economic damage, businesses still have numerous prospects for growth. Manufacturers, integrators, merchants and others can benefit from these opportunities by helping to provide a better smart experience for consumers and end users.
In 2021, BCC covered many topics on IoT-driven technologies and devices. In this review, we cover four of our most popular topics:
- A Smart Grid is an advanced electricity transmission system that utilizes sensors to gather data about energy usage and the requirements of end users.
- A smart transducer is a device that converts energy from one form to another, often a signal in one form of energy to a signal in another form of energy.
- A smart speaker is a type of wireless electronic device with an integrated virtual assistant that offers interactive actions and hands-free activation.
- A smart display is a monitor that can be connected wirelessly and requires little or no keyboard activity.
Research Reviews from BCC Research provide market professionals with concise market coverage within a specific research category. This 2021 Research Review of Smart Devices provides a sampling of the type of quantitative market information, analysis and guidance that has been aiding business decision-making since the inception of BCC Research in 1971. It includes the highlights of reports published in 2021 in the following markets:
- ENG032A Smart Grid: Global Markets to 2026.
- IAS179A Smart Transducers: Global Markets.
- IAS170A Smart Speaker Market.
- AVM210A Smart Displays: Global Markets.
We encourage you to obtain and benefit from the full market research reports that are excerpted in this Research Review. BCC Research looks forward to serving your market intelligence needs in the future.
Analysts' Credentials
BCC Publishing Staff comprises expert analysts who are skilled in conducting primary research, secondary research and data analysis and have decades of combined experience covering a wide range of industries, including healthcare, advanced materials and emerging technologies. Collectively, the team represents a diverse set of educational achievements with individual graduate work completed in fields such as microbiology, electrical engineering, business administration and surgery, among others.
Report Synopsis
| Report Metrics | Details |
|---|---|
| Base year considered | 2020 |
| Forecast period considered | 2021-2026 |
| Base year market size | $35.1 billion |
| Market size forecast | $55.9 billion |
| Growth rate | CAGR of 8.7% from 2021 to 2026 |
| Units considered | $ Billions |
| Segments covered | Component, End-User |
| Regions covered | North America, Europe, Asia-Pacific, Rest of the World (RoW) |
| Countries covered | U.S., Canada, Mexico, Germany, France, U.K., Spain, Sweden, Switzerland, Russia, Japan, China, India, South Korea, Singapore, Malaysia, Australia, Hong Kong, South America, Middle East and Africa (MEA) |
| Key Market Drivers |
|
Related Reports
Smart Grid: Global Markets to 2026
The global market for smart grid technology is estimated to grow from $36.9 billion in 2021 to $55.9 billion by 2026, at a compound annual growth rate (CAGR) of 8.7% during the forecast period of 2021-2026.
Smart Transducers: Global Markets
The global market for smart transducers should grow from $375.0 million in 2021 to $551.8 million by 2026, at compound annual growth rate (CAGR) of 8.0% for the period of 2021-2026.
Smart Displays: Global Markets
The global market for smart displays should grow from $98.9 billion in 2021 to $205.4 billion by 2026 with a compound annual growth rate (CAGR) of 15.7% for the period of 2021-2026.
Smart Speaker Market
The goal of this study is to provide readers with an understanding of recent market trends in the overall smart speaker market. The market opportunity is expressed in terms of potential revenue for the addressable market for the technologies by IVA, region and application. Qualitative data and market statistics are updated based on availability. Overall, this study examines the present status of the smart speaker market in North America, Europe, Asia-Pacific and RoW.
Recent Reports
Pharmacy Automation: Technologies and Global Markets
The global market for pharmacy automation is estimated to increase from $7.8 billion in 2023 to reach $12.7 billion by 2028, at a compound annual growth rate (CAGR) of 10.2% from 2023 through 2028.
Temperature Sensors: Global Markets
The global market for temperature sensors is expected to grow from $7.3 billion in 2023 to $9.0 billion by the end of 2028, at a compound annual growth rate (CAGR) of 4.3% from 2023 through 2028.
Analytical Laboratory Instruments Manufacturing: Global Markets
The global market for analytical laboratory instruments is estimated to increase from $60.9 billion in 2023 to reach $82.5 billion by 2028, at a compound annual growth rate (CAGR) of 6.3% from 2023 through 2028.
Autonomous Trucks: Global Markets
The global market for autonomous trucks is expected to grow from $3.3 billion in 2023 to over $6.9 billion by the end of 2028, at a compound annual growth rate (CAGR) of 16.2% during the forecast period of 2023-2028.
Biosensors and Nanosensors: Global Markets and Technologies
The global market for biosensors and nanosensors is expected to grow from $30.6 billion in 2023 to $43.5 billion by 2028, at a compound annual growth rate (CAGR) of 7.3% from 2023 to 2028.
Top Trending Reports
ESG Trends in Chemical Industry
This report focuses on the ESG trends in the chemical industry and evaluates the ESG implementation including current and future potential. The report utilizes various databases, including sustainability reports, annual reports, and other indicators used to develop the current market. The study provides detailed information on the main factors influencing ESG growth in the chemical industry. It enables the reader to understand the industry in general while also providing insight into the inter-relationship between ESG and the sustainable chemical industry. The report describes market growth, developing trends, industry leaders, and applications of ESG implementation in the chemical industry.
Digital Pathology: Technologies and Global Markets
The global digital pathology market is estimated to increase from $5.9 billion in 2022 to reach $10.7 billion by 2027, at a compound annual growth rate (CAGR) of 12.5% from 2022 through 2027.
Digital Therapeutics: A New Age Medicine
The goal of this report is to understand the current digital therapeutics scenario and to assess the market’s growth potential. This study explores market dynamics that impact the growth of the market. The main objective of the study is to present a comprehensive analysis of the current market and the future direction of the market.
AI in Mental Health: Global Market Outlook
The report provides an overview of the global AI in mental health market and analyzes market trends. Using 2021 as the base year, the report provides estimated market data for the forecast period, 2022-2027. Revenue forecasts for this period are segmented based on organization size, component, provider, type, industry, and geography. It also highlights major trends and challenges that affect the market and the vendor landscape.
Smart Waste Management Systems: Global Markets
The global smart waste management systems market should reach $451.5 billion by 2022 and $675.3 billion by 2027, with a compound annual growth rate (CAGR) of 8.4% during the forecast period of 2022-2027.
Become A Member
BCC Research offers a comprehensive library of reports, granting members unlimited access to data, insights, and market intelligence for informed business decisions, while actively supporting members in their evolving journeys and prioritizing high-quality, relevant topics based on continuous engagement with the research community.
Find Out MoreCustom Consulting
BCC Research emphasizes the importance of organizations leveraging highly customized market insights aligned with specific strategic business objectives through direct engagement with primary sources and proprietary forecasting models for profitable decision-making in maximizing growth opportunities and minimizing risks.
Customize NowScorecard
The Venture Scorecard provides commercialization offices and decision makers with expert analysis, offering strategic insights crucial for aligning objectives with market realities at various stages of commercializing new products or evaluating investment opportunities, from opportunity assessment to growth planning.
Find Out MoreInnovation Spotlight
Our industry experts offer strategic guidance to maximize the market potential of commercialized products, patents, and IP by providing insights into market trends, competitive dynamics, and effective positioning, using the Innovation Spotlight service for enhanced exposure to thought leaders and the wider community.
Find Out More