PUBLISHER: SPER Market Research Pvt. Ltd. | PRODUCT CODE: 1755783
PUBLISHER: SPER Market Research Pvt. Ltd. | PRODUCT CODE: 1755783
North America Smart Grid Market Introduction and Overview
According to SPER market research, 'North America Smart Grid Market Size- By Technology, By Service, By Deployment - Regional Outlook, Competitive Strategies and Segment Forecast to 2034' state that the North America Smart Grid Market is predicted to reach 45.13 billion by 2034 with a CAGR of 10.27%.
An advanced electrical network that uses digital technology to improve power delivery's sustainability, dependability, and efficiency is known as a smart grid. With real-time data that enables proactive control of power demand and grid conditions, smart grids facilitate two-way communication between utilities and consumers, in contrast to traditional networks that largely support one-way energy flow.
Restraints: Smart grid systems, which include sensors, meters, communication networks, and control systems, may pose substantial cybersecurity concerns. Cyber assaults can interrupt businesses, create power disruptions, and steal vital information. Smart grids are vulnerable to cyberattacks due to the huge amount of data they create about energy use, system performance, and customer behaviour.
Scope of the report:
Report Metric Details
Market size available for years 2021-2034
Base year considered 2024
Forecast period 2025-2034
Segments covered By Technology, By Service, By Deployment
Regions covered Canada, Mexico, United States
Companies Covered ABB, Belden Inc, Cisco Systems, Inc, Eaton, Fujitsu, General Electric, Hubbell, Honeywell International Inc, Itron Inc, IBM, Landis+Gyr, Oracle.
North America Smart Grid Market Segmentation:
By Technology: Based on the Technology, North America Smart Grid Market is segmented as; Smart T&D equipment, Distribution & network automation, Advanced metering infrastructure, Consumer interface, Communication & wireless infrastructure.
By Service: Based on the Service, North America Smart Grid Market is segmented as; Consulting, Deployment & Integration, Support & Maintenance.
By Deployment: Based on the Deployment, North America Smart Grid Market is segmented as; Generation, Transmission, Distribution, End Use.
By Region: This research also includes data for Canada, Mexico, United States.