US Smart Grid Market

ID: MRFR/ICT/16348-HCR

100 Pages

Garvit Vyas

September 2025

US Smart Grid Market Research Report Information By Components (Hardware, Software, Services), By Technology (Wired, Wireless), By End-User (Residential, Corporate, Government), and By Region (North America, Europe, Asia-Pacific, and Rest of the World) – Market Forecast Till 2032.

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Summary Table of Contents Segmentation Infographic

1. Market Overview

2. Market Trends

3. Market Segment Insights

4. Key Players and Competitive Insights

5. Industry Developments

6. Market Segmentation

7. Report Scope

8. Market Highlights

9. FAQs

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US Smart Grid Market Summary

The US Smart Grid market is projected to grow from 80 USD Billion in 2024 to 150 USD Billion by 2035, indicating robust expansion.

Key Market Trends & Highlights

United States Smart Grid Key Trends and Highlights

The US Smart Grid market is valued at 80 USD Billion in 2024, reflecting a strong foundation for growth.
By 2035, the market is expected to reach 150 USD Billion, showcasing a substantial increase in investment and development.
The compound annual growth rate (CAGR) from 2025 to 2035 is projected at 5.88 percent, suggesting steady growth in the sector.
Growing adoption of smart technologies due to increasing demand for energy efficiency is a major market driver.

US Smart Grid Market

CAGR

5.88%

Market Size & Forecast

2024 Market Size	80 (USD Billion)
2035 Market Size	150 (USD Billion)
CAGR (2025 - 2035)	5.88%

Major Players

Apple Inc (US), Microsoft Corp (US), Amazon.com Inc (US), Alphabet Inc (US), Berkshire Hathaway Inc (US), Meta Platforms Inc (US), Tesla Inc (US), Johnson & Johnson (US), Visa Inc (US), Procter & Gamble Co (US)

Key Companies in the US Smart Grid Market market include

FAQs

What is the expected market size of the US Smart Grid Market in 2024?

The US Smart Grid Market is expected to be valued at 10.57 billion USD in 2024.

How much is the US Smart Grid Market projected to grow by 2035?

By 2035, the US Smart Grid Market is projected to reach a value of 39.56 billion USD.

What is the expected CAGR for the US Smart Grid Market from 2025 to 2035?

The expected CAGR for the US Smart Grid Market from 2025 to 2035 is 12.75%.

Which segment is expected to dominate the US Smart Grid Market in terms of hardware by 2035?

The hardware segment of the US Smart Grid Market is projected to reach 16.97 billion USD by 2035.

What will be the market value for software in the US Smart Grid Market by 2035?

By 2035, the software segment of the US Smart Grid Market is expected to be valued at 12.05 billion USD.

What is the expected value for services in the US Smart Grid Market by 2035?

The services segment is projected to be valued at 10.54 billion USD in the US Smart Grid Market by 2035.

Who are the major players in the US Smart Grid Market?

Major players in the US Smart Grid Market include Cisco Systems, Itron, IBM, Honeywell, and General Electric.

What growth trends are anticipated for the US Smart Grid Market over the next decade?

The US Smart Grid Market is expected to experience significant growth, driven by increasing demand for advanced energy management solutions.

How will the US Smart Grid Market respond to geopolitical conflicts and global scenarios?

The US Smart Grid Market may experience fluctuations due to geopolitical conflicts, which can impact supply chains and investment in infrastructure.

Is the hardware component expected to have a larger market share compared to software and services?

Yes, the hardware component is expected to grow significantly and hold a larger share compared to software and services in the US Smart Grid Market.

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“I am very pleased with how market segments have been defined in a relevant way for my purposes (such as "Portable Freezers & refrigerators" and "last-mile"). In general the report is well structured. Thanks very much for your efforts.”

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