IMARC Group has published a market research report titled "United States Smart Grid Market Report by Component (Software, Hardware, Services), End User (Residential, Commercial, Industrial), and Region 2024-2032" offers a comprehensive analysis of the industry, which comprises insights on the United States smart grid market demand. The market size is projected to exhibit a growth rate (CAGR) of 16.30% during 2024-2032.
The demand to modernize aging electricity infrastructure and incorporate renewable energy sources at a larger scale is one of the factors responsible for the expansion of the United States smart grid market. Additionally, the need for smart grids is propelling as it enhances the reliability and efficiency of electrical distribution, which is fueling the market across the country. This includes real-time monitoring and management of energy flows, which allows for better integration of intermittent renewable sources like solar and wind, thereby reducing the reliability of fossil fuels and minimizing greenhouse gas impact.
Grab a sample PDF of this report: https://www.imarcgroup.com/united-states-smart-grid-market/requestsample
United States Smart Grid Market Trends and Drivers:
Regulatory support and incentives by government authorities play pivotal roles in advancing smart grid infrastructure and further augmenting the United States smart grid market. Additionally, initiatives such as the Smart Grid Investment Grant (SGIG) program are crucial in facilitating this transition, providing the necessary funding and policy support to utilities for upgrading their systems, thereby escalating the market. Furthermore, growing consumer awareness about the benefits of smart grids, such as improved energy conservation and cost savings through dynamic pricing, is bolstering their adoption. The high penetration of electric vehicles and the need for corresponding charging infrastructure also support the expansion of smart grids, providing the essential backbone for managing the increased electrical load and ensuring the stability of energy distribution networks, which is anticipated to drive the United States smart grid market over the forecasted period.
Report Segmentation:
The report has segmented the market into the following categories:
Component Insights:
- Software
- Advanced Metering Infrastructure
- Smart Grid Distribution Management
- Smart Grid Network Management
- Substation Automation
- Others
- Hardware
- Sensor
- Programmable Logic Controller
- AMI Meter
- Networking Hardware
- Others
- Services
- Consulting
- Support and Maintenance
- Deployment and Integration
End User Insights:
- Residential
- Commercial
- Industrial
Regional Insights:
- Northeast
- Midwest
- South
- West
Note: If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
About Us
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARCs information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the companys expertise.
Our offerings include comprehensive market intelligence in the form of research reports, production cost reports, feasibility studies, and consulting services. Our team, which includes experienced researchers and analysts from various industries, is dedicated to providing high-quality data and insights to our clientele, ranging from small and medium businesses to Fortune 1000 corporations.
Contact US
IMARC Group
134 N 4th St. Brooklyn, NY 11249, USA
Email: sales@imarcgroup.com
Tel No:(D) +91 120 433 0800
United States: +1-631-791-1145 | United Kingdom: +44-753-713-2163
