North America Smart Grid Market Growth, Size, Trends, Analysis, Business Scope and Future Opportunity
North America Smart Grid Market Growth, Size, Trends Analysis - By Technology, By Service, By Deployment - Regional Outlook, Competitive Strategies and Segment Forecast to 2034
| Published: May-2025 | Report ID: POAE2550 | Pages: 1 - 172 | Formats*: |
| Category : Power & Energy | |||
North America Smart Grid Market Introduction and Overview
According to SPER Market Research, the North America Smart Grid Market is estimated to reach USD 45.13 billion by 2034 with a CAGR of 10.27%.
The report includes an in-depth analysis of the North America Smart Grid Market, including market size and trends, product mix, Applications, and supplier analysis. The market for smart grids in North America was valued at USD 16.98 billion in 2024 and is projected to increase at a compound annual growth rate (CAGR) of 10.27% from 2025 to 2034. This growth will be driven by the growing need for effective energy management, which is being fuelled by government regulations and environmental concerns. By improving operational efficiency and dependability, technological developments in smart metering, distribution automation, and grid optimisation support market expansion.
By Technology Insights
The market is divided into smart T&D equipment, distribution and network automation, advanced metering infrastructure, consumer interface, and communication and wireless infrastructure. In 2024, the market was dominated by the distribution and network automation category. Technological advancements, including as IoT integration and predictive analytics, are driving efficiency and reliability gains across grid systems. Regulatory support and increased investments in grid modernisation efforts help to accelerate this growth trajectory, encouraging smarter, more resilient energy distribution networks to satisfy changing needs and sustainability objectives.
By Service Insights
The deployment and integration services sector of the North American smart grid market is anticipated to expand at the quickest rate through 2034. Utilities want to improve grid operations and reliability, leading to higher demand for expert deployment and integration solutions. These services include installing and integrating smart grid technologies like advanced metering infrastructure, grid sensors, and software platforms, spurring notable market growth.
Regional Insights
The United States dominated the smart grid market in 2024, owing to increased adoption of innovative technology to modernise aging infrastructure. Smart meters, grid optimisation software, and IoT-enabled devices are transforming grid management, increasing efficiency and allowing for real-time monitoring and control. With utilities focussing on grid resilience and consumer engagement, investments in smart grid technologies are increasing, establishing the United States as a significant market for energy innovation and growth.
Market Competitive Landscape
The North American Smart Grid Market is highly competitive, with companies striving for market share through product innovation, partnerships, and marketing. The competition will remain intense as new entrants and solutions appear. General Electric (GE) holds a significant position in this sector, using its advanced technologies and complete solutions. GE offers a wide range of products, such as grid management systems, renewable energy integration, and smart meters that help utilities improve reliability and sustainability. Through partnerships and continuous innovation, GE is shaping a smarter, more resilient energy future in North America.
Recent Developments:
- In February 2023, Trilliant, a key provider of advanced metering infrastructure, smart grid, smart cities, and IoT solutions, formed a long-term strategic agreement with Grupo Saesa. Grupo Saesa will use Trilliant's software and RF communication platforms for AMI, smart grid, and IIoT applications to enhance customer experience and ensure secure electricity delivery.
- ABB announced the launch of its new line of smart grid sensors with improved monitoring capabilities in April 2023.
Scope of the report:
| Report Metric | Details |
| Market size available for years | 2021-2034 |
| Base year considered | 2024 |
| Forecast period | 2025-2034 |
| Segments covered | By Technology, By Service, By Deployment |
| Regions covered | Canada, Mexico, United States |
| Companies Covered | ABB, Belden Inc, Cisco Systems, Inc, Eaton, Fujitsu, General Electric, Hubbell, Honeywell International Inc, Itron Inc, IBM, Landis+Gyr, Oracle. |
- North America Smart Grid Market Size (FY’2021-FY’2034)
- Overview of North America Smart Grid Market
- Segmentation of North America Smart Grid Market By Technology (Smart T&D equipment, Distribution & network automation, Advanced metering infrastructure, Consumer interface, Communication & wireless infrastructure)
- Segmentation of North America Smart Grid Market By Service (Consulting, Deployment & Integration, Support & Maintenance)
- Segmentation of North America Smart Grid Market By Deployment (Generation, Transmission, Distribution, End Use)
- Statistical Snap of North America Smart Grid Market
- Expansion Analysis of North America Smart Grid Market
- Problems and Obstacles in North America Smart Grid Market
- Competitive Landscape in the North America Smart Grid Market
- Details on Current Investment in North America Smart Grid Market
- Competitive Analysis of North America Smart Grid Market
- Prominent Players in the North America Smart Grid Market
- SWOT Analysis of North America Smart Grid Market
- North America Smart Grid Market Future Outlook and Projections (FY’2025-FY’2034)
- Recommendations from Analyst
1. Introduction
- 1.1. Scope of the report
- 1.2. Market segment analysis
2. Research Methodology
- 2.1. Research data source
- 2.1.1. Secondary Data
- 2.1.2. Primary Data
- 2.1.3. SPER’s internal database
- 2.1.4. Premium insight from KOL’s
- 2.2. Market size estimation
- 2.2.1. Top-down and Bottom-up approach
- 2.3. Data triangulation
3. Executive Summary
4. Market Dynamics
- 4.1. Driver, Restraint, Opportunity and Challenges analysis
- 4.1.1. Drivers
- 4.1.2. Restraints
- 4.1.3. Opportunities
- 4.1.4. Challenges
5. Market variable and outlook
- 5.1. SWOT Analysis
- 5.1.1. Strengths
- 5.1.2. Weaknesses
- 5.1.3. Opportunities
- 5.1.4. Threats
- 5.2. PESTEL Analysis
- 5.2.1. Political Landscape
- 5.2.2. Economic Landscape
- 5.2.3. Social Landscape
- 5.2.4. Technological Landscape
- 5.2.5. Environmental Landscape
- 5.2.6. Legal Landscape
- 5.3. PORTER’s Five Forces
- 5.3.1. Bargaining power of suppliers
- 5.3.2. Bargaining power of buyers
- 5.3.3. Threat of Substitute
- 5.3.4. Threat of new entrant
- 5.3.5. Competitive rivalry
- 5.4. Heat Map Analysis
6. Competitive Landscape
- 6.1. North America Smart Grid Market Manufacturing Base Distribution, Sales Area, Product Type
- 6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in North America Smart Grid Market
7. North America Smart Grid Market, By Technology (USD Million) 2021-2034
- 7.1. Smart T&D equipment
- 7.2. Distribution & network automation
- 7.3. Advanced metering infrastructure
- 7.4. Consumer interface
- 7.5. Communication & wireless infrastructure
8. North America Smart Grid Market, By Service (USD Million) 2021-2034
- 8.1. Consulting
- 8.2. Deployment & integration
- 8.3. Support & maintenance
9. North America Smart Grid Market, By Deployment (USD Million) 2021-2034
- 9.1. Generation
- 9.2. Transmission
- 9.3. Distribution
- 9.4. End use
10. North America Smart Grid Market, (USD Million) 2021-2034
- 10.1. North America Smart Grid Market Size and Market Share
11. North America Smart Grid Market, By Region, (USD Million) 2021-2034
- 11.1. Canada
- 11.2. Mexico
- 11.3. United States
12. Company Profile
- 12.1. ABB
- 12.1.1. Company details
- 12.1.2. Financial outlook
- 12.1.3. Product summary
- 12.1.4. Recent developments
- 12.2. Belden Inc
- 12.2.1. Company details
- 12.2.2. Financial outlook
- 12.2.3. Product summary
- 12.2.4. Recent developments
- 12.3. Cisco Systems, Inc
- 12.3.1. Company details
- 12.3.2. Financial outlook
- 12.3.3. Product summary
- 12.3.4. Recent developments
- 12.4. Eaton
- 12.4.1. Company details
- 12.4.2. Financial outlook
- 12.4.3. Product summary
- 12.4.4. Recent developments
- 12.5. Fujitsu
- 12.5.1. Company details
- 12.5.2. Financial outlook
- 12.5.3. Product summary
- 12.5.4. Recent developments
- 12.6. General Electric
- 12.6.1. Company details
- 12.6.2. Financial outlook
- 12.6.3. Product summary
- 12.6.4. Recent developments
- 12.7. Hubbell
- 12.7.1. Company details
- 12.7.2. Financial outlook
- 12.7.3. Product summary
- 12.7.4. Recent developments
- 12.8. Honeywell International Inc
- 12.8.1. Company details
- 12.8.2. Financial outlook
- 12.8.3. Product summary
- 12.8.4.Recent developments
- 12.9. Itron Inc
- 12.9.1. Company details
- 12.9.2. Financial outlook
- 12.9.3. Product summary
- 12.9.4. Recent developments
- 12.10. IBM
- 12.10.1. Company details
- 12.10.2. Financial outlook
- 12.10.3. Product summary
- 12.10.4. Recent developments
- 12.11. Landis+Gyr
- 12.11.1. Company details
- 12.11.2. Financial outlook
- 12.11.3. Product summary
- 12.11.4. Recent developments
- 12.12. Oracle
- 12.12.1. Company details
- 12.12.2. Financial outlook
- 12.12.3. Product summary
- 12.12.4. Recent developments
- 12.13. Others
13. Conclusion
14. List of Abbreviations
15. Reference Links
SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.
The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.
Frequently Asked Questions About This Report
Canada, Mexico, United States
North America Smart Grid Market is projected to reach USD 45.13 billion by 2034, growing at a CAGR of of 10.27% during the forecast period.
North America Smart Grid Market grew in Market size from 2025. The Market is expected to reach USD 45.13 billion by 2034, at a CAGR of 10.27% during the forecast period.
North America Smart Grid Market CAGR of 10.27% during the forecast period.
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North America Smart Grid Market size is USD 45.13 billion from 2025 to 2034.
North America Smart Grid Market is covered By Technology, By Service, By Deployment
ABB, Belden Inc, Cisco Systems, Inc, Eaton, Fujitsu, General Electric, Hubbell, Honeywell International Inc, Itron Inc, IBM, Landis+Gyr, Oracle.
The report includes an in-depth analysis of the Global North America Smart Grid Market, including market size and trends, product mix, Applications, and supplier analysis.
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