A significant study discovering the market avenues on, “Smart Grids Market Size, Share & Trends Analysis Report by Components (Hardware, Software, Services), Power Source, Technology, Communication Technology, Grid Type, Deployment Mode, Voltage Level, Utility Type, Installation Type, Storage Technology, and Geography (North America, Europe, Asia Pacific, Middle East, Africa, and South America) – Global Industry Data, Trends, and Forecasts, 2026–2035” A holistic view of the market pathways in the smart grids market underscores revenue acceleration through three key levers scalable product line extensions, high‑maturity strategic partnerships.
Global Smart Grids Market Forecast 2035:
According to the report, the global smart grids market is projected to expand from USD 68.5 billion in 2025 to USD 380.4 billion by 2035, registering a CAGR of 18.7%, the highest during the forecast period. The global smart grid market is driven by increasing grid-modernization demands, rising renewable integration, and increasing pace of digital and automated grid-technology adaptation, as utilities focus on greater reliability, enhanced grid operational efficiency, and grid intelligence in real-time. For instance, in 2024, Siemens unveiled its Gridscale X platform to enhance the visibility of distributed energy resources and allow automated management of the grid data-driven based on utility networks. This innovation creates grid flexibility and expedits utility preparedness to massive renewable and DER combination.
In addition, the strong government focus is driving the smart grid market, which is enabled by modernization requirements, targeted grant programs, and renewable integration, grid stability, and digital infrastructure, which are accelerating the implementation of smart meters, automation technologies, and grid-edge solutions to improve system reliability, efficiency, and energy security.
“Key Driver, Restraint, and Growth Opportunity Shaping the Global Smart Grids Market”
The global smart grids market is limited by high capital requirements and difficulty of combining new advanced technology with aging infrastructure. The utilities should invest heavily in grid modernization, smart metering, digital substations, and secure communications, in addition to dealing with technical issues related to OT-IT convergence. These operational and financial challenges increase the deployment time and reduce the rate of large-scale smart grid adoption especially in economically sensitive areas.
The rapidly advancing electrification and the blistering development of EV charging networks are providing a big opportunity to the global smart grids market. Managed charging, vehicle-to-grid services, and flexibility offerings can help utilities to create new sources of revenue, and can use EVs as distributed energy sources to maximize peak demand, improve grid stability, and create more commercial value in the long term.
Expansion of Global Smart Grids Market
“Expansion of Virtual Power Plants for Aggregated DER Participation”
Regional Analysis of Global Smart Grids Market
Prominent players operating in the global smart grids market are ABB Ltd., Aclara Technologies LLC, AutoGrid Systems, Inc., Comverge, Inc., Eaton Corporation, General Electric Company, GridPoint, Inc., Hitachi Energy Ltd., Honeywell International Inc., Hubbell Incorporated, Itron, Inc., Kamstrup A/S, Landis+Gyr Group AG, Open Systems International, Inc., Schneider Electric SE, Sensus (Xylem Inc.), Siemens AG, Tantalus Systems Corp., Trilliant Holdings Inc., and Other Key Players.
The global smart grids market has been segmented as follows:
Global Smart Grids Market Analysis, By Components
Global Smart Grids Market Analysis, By Power Source
Global Smart Grids Market Analysis, By Technology
Global Smart Grids Market Analysis, By Communication Technology
Global Smart Grids Market Analysis, By Grid Type
Global Smart Grids Market Analysis, By Deployment Mode
Global Smart Grids Market Analysis, By Voltage Level
Global Smart Grids Market Analysis, By Utility Type
Global Smart Grids Market Analysis, By Installation Type
Global Smart Grids Market Analysis, By Storage Technology
Global Smart Grids Market Analysis, By Region
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