North America Smart Grid Market Analysis

North America Smart Grid Market Analysis

The market is segmented in smart T&D equipment, distribution & network automation, advanced metering infrastructure, consumer interface, and communication & wireless infrastructure. The distribution and network automation segment is poised to exceed USD 12 billion by 2032. Advancements in technology, such as IoT integration and predictive analytics, are driving efficiency improvements and reliability enhancements across the grid infrastructure. Regulatory support and increasing investments in grid modernization initiatives further propel this growth trajectory, fostering smarter, more resilient energy distribution networks to meet evolving demands and sustainability goals.
 

North America smart grid market from deployment & integration services segment is anticipated to expand at 9.5% CAGR through 2032. As utilities seek to optimize grid operations and enhance reliability, there's a growing demand for expert deployment and integration solutions. These services encompass the installation, configuration, and seamless integration of smart grid technologies, including advanced metering infrastructure (AMI), grid sensors, and software platforms. With a focus on efficiency gains and grid modernization initiatives, utilities are increasingly relying on specialized service providers to ensure the successful implementation and integration of these sophisticated systems, driving notable growth in the market.
 

U.S. smart grid market is predicted to surpass USD 28.5 billion by 2032, fuelled by increasing adoption of advanced technologies to modernize aging infrastructure. Smart meters, grid optimization software, and IoT-enabled devices are revolutionizing grid management, enhancing efficiency, and enabling real-time monitoring and control.
 

As per Energy Information Administration, in 2022, approximately 119 million advanced metering infrastructure (AMI) installations were recorded among U.S. electric utilities, constituting approximately 72% of total electric meter installations. With utilities prioritizing grid resilience and customer engagement, investments in smart grid solutions continue to surge, positioning the U.S. as a key market for innovation and growth in the energy sector.