세계의 스마트 그리드 인프라 시장 예측(-2032년) : 구성요소별, 전개 형태별, 기술별, 용도별, 최종사용자별, 지역별 분석

According to Stratistics MRC, the Global Smart Grid Infrastructure Market is accounted for $17.5 billion in 2025 and is expected to reach $53.47 billion by 2032 growing at a CAGR of 17.3% during the forecast period. Smart Grid Infrastructure revolutionizes electricity networks by combining digital communication, automation, and monitoring technologies to improve performance, dependability, and environmental sustainability. Through real-time data sharing across power generation, distribution, and consumption, these grids enhance energy efficiency, minimize outages, and integrate renewable sources seamlessly. Equipped with sensors, smart meters, and automated controls, they allow utilities to identify problems rapidly and act proactively. Additionally, smart grids promote demand-side management, giving consumers tools to optimize energy use. With rising urbanization and energy needs, developing smart grid infrastructure is essential for establishing robust, efficient, and environmentally conscious power systems.

According to the U.S. Department of Energy, the Grid Modernization Initiative has invested over $220 million in public-private partnerships to accelerate smart grid deployment, including advanced metering infrastructure (AMI), grid automation, and cybersecurity enhancements.

Market Dynamics:

Driver:

Energy efficiency demand

The surging demand for electricity and the emphasis on efficient energy use are crucial factors driving the smart grid infrastructure market. As populations grow and urbanization accelerates, energy consumption rises substantially. Smart grids enhance operational efficiency by employing advanced monitoring, metering, and automated control systems, optimizing power distribution and minimizing wastage. They also allow utilities to handle peak loads effectively, reduce network losses, and prevent service interruptions. Moreover, consumers gain better control over their energy consumption, encouraging conservation. The combined focus on cost reduction, reliable supply, and sustainable energy usage is accelerating the deployment of smart grid infrastructure across global power networks.

Restraint:

High implementation costs

High upfront costs for implementing smart grid infrastructure significantly limit market growth. Utilities and governments face substantial capital requirements to install smart meters, sensors, communication networks, and automated control systems. Smaller and mid-sized utilities often struggle to finance these projects, slowing widespread adoption. Ongoing maintenance, staff training, and technology upgrades further increase expenses. The extended period required to achieve a return on investment makes decision-makers hesitant to invest in smart grid deployments. Although long-term efficiency and reliability gains are considerable, the initial financial burden remains a key barrier, hindering the fast-paced expansion of smart grid infrastructure across various regions and limiting its potential adoption.

Opportunity:

Renewable energy expansion

The increasing emphasis on renewable energy expansion offers substantial growth prospects for the smart grid infrastructure market. As nations deploy solar, wind, and other sustainable energy sources, integrating these variable power inputs into existing grids becomes essential. Smart grids, with their real-time monitoring, automated controls, and adaptive load management, ensure seamless renewable integration while maintaining grid reliability. The global push to lower carbon emissions and achieve environmental targets further accelerates demand for smart grid solutions. By facilitating two-way communication between utilities and consumers, smart grids optimize supply-demand balance, making the renewable energy sector a key opportunity for expanding smart grid infrastructure worldwide.

Threat:

Increase in cyber security attacks

Cyber security threats represent a serious risk to the smart grid infrastructure market. The extensive use of IoT devices, sensors, and digital communication makes grids vulnerable to hacking, malware, and data breaches. Such incidents can lead to power outages, loss of sensitive consumer information, and financial or reputational damage for utilities. Maintaining robust cyber security requires ongoing investments in security protocols, monitoring, and workforce training, which increase operational costs. Continuous cyber threats can make utilities hesitant to implement smart grid technologies fully. As a result, cyber security concerns remain a prominent market threat, potentially limiting growth and slowing the widespread adoption of smart grid systems globally.

Covid-19 Impact:

The COVID-19 crisis had a mixed impact on the smart grid infrastructure market. On one hand, lockdowns and movement restrictions caused project delays, disrupted supply chains, and limited workforce availability, slowing the rollout of new smart grid systems. Production of critical components, including smart meters, sensors, and communication equipment, was interrupted, increasing costs and affecting timelines. On the other hand, the pandemic emphasized the need for resilient and remotely controllable energy networks. Utilities increasingly appreciated smart grids for enabling remote monitoring, uninterrupted electricity supply, and efficient energy management. As global economies recover, investment in smart grid infrastructure is expected to rise, driven by the demand for sustainable and reliable energy solutions.

The hardware segment is expected to be the largest during the forecast period

The hardware segment is expected to account for the largest market share during the forecast period, as it is essential for modernizing and automating electricity networks. Key components, including smart meters, sensors, communication modules, and automated control devices, form the core of smart grid operations. These technologies enable utilities to monitor energy distribution, quickly identify system faults, and manage load effectively. Growing demand for high-performance, reliable hardware drives continued expansion in this segment. Furthermore, the rise of renewable energy integration, electric vehicle adoption, and energy storage solutions increases the need for advanced hardware systems. Consequently, hardware remains the primary segment contributing to the overall growth of the smart grid infrastructure market.

The cloud-based segment is expected to have the highest CAGR during the forecast period

Over the forecast period, the cloud-based segment is predicted to witness the highest growth rate due to the rising preference for digital energy management systems. These platforms provide scalable, flexible, and cost-efficient alternatives to conventional on-premise setups, allowing real-time monitoring, advanced analytics, and data-driven operations. Utilities benefit from centralized management, remote software updates, and efficient storage of large datasets, improving overall performance. Cloud-based systems also enable seamless integration with renewable energy, electric vehicle infrastructure, and smart home technologies. The focus on digitalization, remote operational control, and predictive maintenance is driving strong adoption of cloud smart grid solutions, positioning this segment as the fastest-growing within the market.

Region with largest share:

During the forecast period, the North America region is expected to hold the largest market share owing to its advanced energy systems, supportive government policies, and rapid adoption of innovative technologies. Significant investments, particularly in the United States, have focused on upgrading electricity networks with smart meters, automation, and renewable energy integration. Well-established infrastructure and regulatory incentives encourage widespread implementation of smart grid solutions throughout the region. Rising electricity demand, the growing use of electric vehicles and emphasis on digital energy management further contribute to market expansion. Collectively, these drivers make North America the leading region in the global smart grid infrastructure market, reflecting both technological advancement and strong institutional support for modern energy systems.

Region with highest CAGR:

Over the forecast period, the Asia Pacific region is anticipated to exhibit the highest CAGR due to increasing urbanization, industrial expansion, and rising power consumption. Major countries, including China, India, Japan, and South Korea, are heavily investing in upgrading their electricity networks to improve efficiency, reliability, and sustainability. Supportive government programs promoting smart meters, renewable energy adoption, and digital energy management solutions are driving market growth. Additionally, initiatives focused on energy efficiency, smart cities, and renewable integration are creating substantial opportunities for utilities and technology vendors. Collectively, these factors position Asia-Pacific as the fastest-growing region, leading the global smart grid infrastructure market in terms of growth rate.

Key players in the market

Some of the key players in Smart Grid Infrastructure Market include General Electric (GE), Siemens AG, Schneider Electric SE, Cisco Systems, Inc., IBM Corporation, ABB Ltd, Itron Inc., Honeywell International Inc., Oracle Corporation, Eaton Corporation plc, Tantalus Systems Corp., eSmart Systems AS, S&C Electric Company, Stem and Hitachi Energy.

Key Developments:

In September 2025, Schneider Electric announced a new agreement with carbon removal solutions provider Climeworks to remove 31,000 tons of CO2 through a range of solutions by 2039, as well as a new collaboration on solutions aimed at bringing down the cost of Direct Air Capture (DAC) CO2 removal. The deal marks Schneider Electric's first purchase of high-durability carbon removal, complementing its existing investments in nature-based carbon removal.

In April 2025, IBM and Tokyo Electron (TEL) announced an extension of their agreement for the joint research and development of advanced semiconductor technologies. The new 5-year agreement will focus on the continued advancement of technology for next-generation semiconductor nodes and architectures to power the age of generative AI.

In July 2024, Siemens has announced a partnership with Nigerian conglomerate PANA Infrastructure to modernise and upgrade Nigeria's electric power infrastructure through the provision of grid automation and smart infrastructure solutions across Nigeria. The collaboration, solidified through a formal agreement between the two companies, is called by both a pivotal step towards addressing Nigeria's pressing electricity challenges while fostering economic growth and technological advancement in the region.

Components Covered:

• Hardware
• Software
• Services

Deployment Modes Covered:

• On-Premise Systems
• Cloud Based
• Hybrid

Technologies Covered:

• Metering & Sensing
• Automation & Control
• Communication Layer
• Energy Intelligence
• Cybersecurity Layer

Applications Covered:

• Transmission
• Distribution
• Consumption Monitoring
• Load Forecasting
• Outage Management

End Users Covered:

• Residential Consumers
• Commercial Entities
• Industrial Operators
• Utility Providers
• Municipal Authorities

Regions Covered:

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • Italy
  • France
  • Spain
  • Rest of Europe
• Asia Pacific
  • Japan
  • China
  • India
  • Australia
  • New Zealand
  • South Korea
  • Rest of Asia Pacific
• South America
  • Argentina
  • Brazil
  • Chile
  • Rest of South America
• Middle East & Africa
  • Saudi Arabia
  • UAE
  • Qatar
  • South Africa
  • Rest of Middle East & Africa

What our report offers:

• Market share assessments for the regional and country-level segments
• Strategic recommendations for the new entrants
• Covers Market data for the years 2024, 2025, 2026, 2028, and 2032
• Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
• Strategic recommendations in key business segments based on the market estimations
• Competitive landscaping mapping the key common trends
• Company profiling with detailed strategies, financials, and recent developments
• Supply chain trends mapping the latest technological advancements

Free Customization Offerings:

All the customers of this report will be entitled to receive one of the following free customization options:

• Company Profiling
  • Comprehensive profiling of additional market players (up to 3)
  • SWOT Analysis of key players (up to 3)
• Regional Segmentation
  • Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
  • Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

Table of Contents

1 Executive Summary

2 Preface

• 2.1 Abstract
• 2.2 Stake Holders
• 2.3 Research Scope
• 2.4 Research Methodology
  • 2.4.1 Data Mining
  • 2.4.2 Data Analysis
  • 2.4.3 Data Validation
  • 2.4.4 Research Approach
• 2.5 Research Sources
  • 2.5.1 Primary Research Sources
  • 2.5.2 Secondary Research Sources
  • 2.5.3 Assumptions

3 Market Trend Analysis

• 3.1 Introduction
• 3.2 Drivers
• 3.3 Restraints
• 3.4 Opportunities
• 3.5 Threats
• 3.6 Technology Analysis
• 3.7 Application Analysis
• 3.8 End User Analysis
• 3.9 Emerging Markets
• 3.10 Impact of Covid-19

4 Porters Five Force Analysis

• 4.1 Bargaining power of suppliers
• 4.2 Bargaining power of buyers
• 4.3 Threat of substitutes
• 4.4 Threat of new entrants
• 4.5 Competitive rivalry

5 Global Smart Grid Infrastructure Market, By Component

• 5.1 Introduction
• 5.2 Hardware
• 5.3 Software
• 5.4 Services

6 Global Smart Grid Infrastructure Market, By Deployment Mode

• 6.1 Introduction
• 6.2 On-Premise Systems
• 6.3 Cloud Based
• 6.4 Hybrid

7 Global Smart Grid Infrastructure Market, By Technology

• 7.1 Introduction
• 7.2 Metering & Sensing
• 7.3 Automation & Control
• 7.4 Communication Layer
• 7.5 Energy Intelligence
• 7.6 Cybersecurity Layer

8 Global Smart Grid Infrastructure Market, By Application

• 8.1 Introduction
• 8.2 Transmission
• 8.3 Distribution
• 8.4 Consumption Monitoring
• 8.5 Load Forecasting
• 8.6 Outage Management

9 Global Smart Grid Infrastructure Market, By End User

• 9.1 Introduction
• 9.2 Residential Consumers
• 9.3 Commercial Entities
• 9.4 Industrial Operators
• 9.5 Utility Providers
• 9.6 Municipal Authorities

10 Global Smart Grid Infrastructure Market, By Geography

• 10.1 Introduction
• 10.2 North America
  • 10.2.1 US
  • 10.2.2 Canada
  • 10.2.3 Mexico
• 10.3 Europe
  • 10.3.1 Germany
  • 10.3.2 UK
  • 10.3.3 Italy
  • 10.3.4 France
  • 10.3.5 Spain
  • 10.3.6 Rest of Europe
• 10.4 Asia Pacific
  • 10.4.1 Japan
  • 10.4.2 China
  • 10.4.3 India
  • 10.4.4 Australia
  • 10.4.5 New Zealand
  • 10.4.6 South Korea
  • 10.4.7 Rest of Asia Pacific
• 10.5 South America
  • 10.5.1 Argentina
  • 10.5.2 Brazil
  • 10.5.3 Chile
  • 10.5.4 Rest of South America
• 10.6 Middle East & Africa
  • 10.6.1 Saudi Arabia
  • 10.6.2 UAE
  • 10.6.3 Qatar
  • 10.6.4 South Africa
  • 10.6.5 Rest of Middle East & Africa

11 Key Developments

• 11.1 Agreements, Partnerships, Collaborations and Joint Ventures
• 11.2 Acquisitions & Mergers
• 11.3 New Product Launch
• 11.4 Expansions
• 11.5 Other Key Strategies

12 Company Profiling

• 12.1 General Electric (GE)
• 12.2 Siemens AG
• 12.3 Schneider Electric SE
• 12.4 Cisco Systems, Inc.
• 12.5 IBM Corporation
• 12.6 ABB Ltd
• 12.7 Itron Inc.
• 12.8 Honeywell International Inc.
• 12.9 Oracle Corporation
• 12.10 Eaton Corporation plc
• 12.11 Tantalus Systems Corp.
• 12.12 eSmart Systems AS
• 12.13 S&C Electric Company
• 12.14 Stem
• 12.15 Hitachi Energy