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North America Smart Grid Market Share

Report ID: GMI9158
Published Date: Apr 2024
Report Format: PDF

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North America Smart Grid Market Share

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General Electric (GE) commands a significant stake in the North American smart grid sector, leveraging its advanced technologies and comprehensive solutions. With a diverse portfolio spanning grid management systems, renewable energy integration, and efficient power distribution, GE stands as a frontrunner in modernizing energy infrastructure. Its innovative products, including smart meters and grid optimization software, enable utilities to enhance reliability and sustainability while meeting evolving consumer demands. Through strategic partnerships and continual innovation, GE maintains its stronghold, driving the transformation of North America's energy landscape towards a smarter, more resilient future.

North America Smart Grid Market Companies

Some of the key market players operating across the North America smart grid industry are:

ABB
Belden Inc.
Cisco Systems, Inc.
Eaton
Fujitsu
General Electric
Hubbell
Honeywell International Inc.
Itron Inc.
IBM
Landis+Gyr
Oracle
Schneider Electric
S&C Electric Company
Siemens
Sunverge Energy Inc.
Uplight, Inc.
Wipro

Authors: Ankit Gupta, Vishal Saini

Frequently Asked Questions (FAQ) :

The market size for smart grid in North America reached USD 15.4 billion in 2023 and is set to witness 10% CAGR from 2024 to 2032, owing to the increasing demand for efficient energy management, spurred by environmental concerns and government regulations worldwide.

North America smart grid industry from the distribution and network automation segment is poised to exceed USD 12 billion by 2032, due to advancements in technology, such as IoT integration and predictive analytics.

The U.S. market is expected to cross USD 28.5 billion by 2032, attributed to increasing adoption of advanced technologies to modernize aging infrastructure and utilities prioritizing grid resilience and customer engagement in the country.

Cisco Systems, Inc., Eaton, Fujitsu, General Electric, Hubbell, Honeywell International Inc., Itron Inc., IBM, Landis+Gyr, Oracle, Schneider Electric, S&C Electric Company, Siemens, Sunverge Energy Inc., Uplight, Inc., and Wipro, are some of the major smart grid companies in North America.