PUBLISHER: Grand View Research | PRODUCT CODE: 1908680
PUBLISHER: Grand View Research | PRODUCT CODE: 1908680
The global grid analytics market size was estimated at approximately USD 6.67 billion in 2024 and is projected to reach USD 17.48 billion by 2033, growing at a CAGR of 11.18% from 2025 to 2033. The market expansion is driven by the accelerating digital transformation of power utilities, increasing deployment of smart grids, and the growing need to enhance grid reliability, resilience, and operational efficiency.
Governments and regulatory bodies are also encouraging grid modernization initiatives and data-driven decision-making to optimize energy distribution, reduce transmission losses, and ensure grid stability, further fueling market growth.
The market in North America is growing steadily, driven by the rapid modernization of aging grid infrastructure, strong investments in smart grid technologies, and the widespread adoption of advanced metering infrastructure (AMI). Utilities across the U.S. and Canada are increasingly leveraging data-driven platforms to improve outage management, enhance load forecasting, reduce transmission losses, and integrate distributed energy resources such as solar, wind, and EV charging networks. Supportive regulatory frameworks, cybersecurity mandates, and federal funding programs for grid resilience are accelerating the adoption of analytics solutions.
The APAC market is experiencing robust growth due to rapid urbanization, increasing electricity demand, and large-scale initiatives focused on grid digitization and renewable energy integration. Countries such as China, India, Japan, South Korea, and Australia are prioritizing smart grid development to improve grid reliability, reduce power outages, and manage fluctuating loads caused by the fast adoption of solar energy and distributed generation.
Global Grid Analytics Market Report Segmentation
This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2021 to 2033. For this study, Grand View Research has segmented the global grid analytics market report based on component type, application, and region: