North America Smart Grid Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

The report covers North America Smart Grid Software Companies and the market is segmented by technology application area (transmission, demand response, advanced metering infrastructure (AMI), and other technology application areas) and geography (the United States, Canada, and the rest of North America). The market size and forecasts for the North American smart grid market are provided in terms of revenue (USD billion) for all the above segments.

North America Smart Grid Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

North America Smart Grid Market Size

North America Smart Grid Market Summary
Study Period 2019 - 2030
Base Year For Estimation 2024
Forecast Data Period 2025 - 2030
Historical Data Period 2019 - 2023
CAGR 6.00 %
Market Concentration Medium

Major Players

North America Smart Grid Market Major Players

*Disclaimer: Major Players sorted in no particular order

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North America Smart Grid Market Analysis

The North America Smart Grid Market is expected to register a CAGR of greater than 6% during the forecast period.

In 2020, COVID-19 had a detrimental effect on the market. Presently, the market has reached pre-pandemic levels.

  • Over the medium period, with increasing power demand, growing steps for reducing transmission and distribution losses, and up-gradation of existing grid networks with developing renewable power sources, the smart grid market is expected to grow significantly during the forecast period. Also, to improve the collection of revenue for electricity and mitigate electricity theft in low-income areas, demand for a smart grid network is expected to grow in the region.
  • On the other hand, considerable investment is required for setting up and modernizing power generation, transmission, and distribution networks, which can be a restraining factor in the smart grid market's growth.
  • Nevertheless, countries like Mexico are expected to invest USD 6.3 billion in smart grid infrastructure and a further USD 2.1 billion in LED and smart street lighting by 2027, which may create vast opportunities for the concerned market players.
  • The United States will likely dominate the North American smart grid market during the forecast period. Government initiatives and policies are expected to drive the smart grid market in the country.

North America Smart Grid Industry Overview

The North American smart grid market is moderately fragmented. Some of the major players in the market (in no particular order) include General Electric Company, ABB Ltd., Itron Inc., Honeywell International Inc., and Siemens AG.

North America Smart Grid Market Leaders

  1. General Electric Company

  2. ABB Ltd

  3. Siemens AG

  4. Itron Inc.

  5. Honeywell International Inc.

  6. *Disclaimer: Major Players sorted in no particular order
North America Smart Grid Market Concentration
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North America Smart Grid Market News

  • February 2023: Trilliant, a major international provider of advanced metering infrastructure (AMI), smart grid, smart cities, and IoT solutions, established a long-term strategic agreement with Grupo Saesa. Grupo Saesa would use Trilliant's software and RF communication platforms for AMI, smart grid, and IIoT applications, which is expected help the company improve its customer experience while also delivering secure and dependable electricity.
  • September 2022: The US Department of Energy (DOE) seeked to invest USD 10.5 billion to strengthen the country's energy grid through smart grids and other upgrades. The financing was consolidated into the Grid Resilience and Innovation Partnership program, which was divided into three parts: USD 2.5 billion for grid resilience, USD 3 billion for smart grids, and USD 5 billion for grid innovation.

North America Smart Grid Market Report - Table of Contents

1. INTRODUCTION

  • 1.1 Scope of the Study
  • 1.2 Market Definition
  • 1.3 Study Assumptions

2. RESEARCH METHODOLOGY

3. EXECUTIVE SUMMARY

4. MARKET OVERVIEW

  • 4.1 Introduction
  • 4.2 Market Size and Demand Forecast in USD billion, till 2028
  • 4.3 Recent Trends and Developments
  • 4.4 Government Policies and Regulations
  • 4.5 Market Dynamics
    • 4.5.1 Drivers
    • 4.5.2 Restraints
  • 4.6 Supply Chain Analysis
  • 4.7 Porter's Five Forces Analysis
    • 4.7.1 Bargaining Power of Suppliers
    • 4.7.2 Bargaining Power of Consumers
    • 4.7.3 Threat of New Entrants
    • 4.7.4 Threat of Substitute Products and Services
    • 4.7.5 Intensity of Competitive Rivalry

5. MARKET SEGMENTATION

  • 5.1 Technology Application Area
    • 5.1.1 Transmission
    • 5.1.2 Demand Response
    • 5.1.3 Advanced Metering Infrastructure (AMI)
    • 5.1.4 Other Technology Application Areas
  • 5.2 Geography
    • 5.2.1 United States
    • 5.2.2 Canada
    • 5.2.3 Rest of North America

6. COMPETITIVE LANDSCAPE

  • 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
  • 6.2 Strategies Adopted by Leading Players
  • 6.3 Company Profiles
    • 6.3.1 Siemens AG
    • 6.3.2 General Electric Company
    • 6.3.3 ABB Ltd.
    • 6.3.4 Cisco Systems Inc.
    • 6.3.5 Honeywell International Inc.
    • 6.3.6 Itron Inc.
    • 6.3.7 Eaton Corporation PLC
    • 6.3.8 Schneider Electric SE
    • 6.3.9 Hitachi Ltd.
  • *List Not Exhaustive

7. MARKET OPPORTUNITIES AND FUTURE TRENDS

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North America Smart Grid Industry Segmentation

A smart grid is an electricity network built on digital technology that uses two-way digital communication to supply electricity to consumers. This system enables supply chain monitoring, analysis, control, and communication to increase efficiency, minimize energy consumption and costs, and maximize the transparency and reliability of the energy supply chain.

The North America smart grid market is segmented by technology application area and geography (the United States, Canada, and the rest of North America). By technology application area, the market is segmented into transmission, demand response, advanced metering infrastructure (AMI), and other technology application areas. The report also covers the market size and forecasts for the North America smart grid market across major countries. For each segment, the market sizing and forecasts have been done based on revenue (USD billion).

Technology Application Area Transmission
Demand Response
Advanced Metering Infrastructure (AMI)
Other Technology Application Areas
Geography United States
Canada
Rest of North America
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North America Smart Grid Market Research FAQs

What is the current North America Smart Grid Market size?

The North America Smart Grid Market is projected to register a CAGR of greater than 6% during the forecast period (2025-2030)

Who are the key players in North America Smart Grid Market?

General Electric Company, ABB Ltd, Siemens AG, Itron Inc. and Honeywell International Inc. are the major companies operating in the North America Smart Grid Market.

What years does this North America Smart Grid Market cover?

The report covers the North America Smart Grid Market historical market size for years: 2019, 2020, 2021, 2022, 2023 and 2024. The report also forecasts the North America Smart Grid Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.

North America Smart Grid Industry Report

Statistics for the 2025 North America Smart Grid market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. North America Smart Grid analysis includes a market forecast outlook for 2025 to 2030 and historical overview. Get a sample of this industry analysis as a free report PDF download.