Dublin, Jan. 23, 2025 (GLOBE NEWSWIRE) — The “United States Smart Energy Market, By Region, Competition, Forecast & Opportunities, 2020-2030F” report has been added to ResearchAndMarkets.com’s offering.
The United States Smart Energy Market was valued at USD 47 Billion in 2024, and is expected to reach USD 81.30 Billion by 2030, rising at a CAGR of 9.40%
The United States Smart Energy Market is experiencing robust growth driven by a confluence of factors that underscore a paradigm shift towards sustainable and efficient energy practices. The escalating global focus on mitigating climate change has prompted a significant uptick in investments and initiatives aimed at fostering a cleaner, more resilient energy infrastructure.
The integration of advanced technologies, such as smart grids, IoT-enabled devices, and data analytics, plays a pivotal role in optimizing energy consumption, enhancing grid reliability, and facilitating real-time monitoring. Government incentives and regulatory support further bolster the market, incentivizing businesses and consumers alike to adopt smart energy solutions.
As the nation endeavors to modernize its aging energy infrastructure, the smart energy sector emerges as a key player in shaping a greener, more adaptive future, aligning with both environmental imperatives and the pursuit of energy efficiency in the United States.
Product Insights
The Smart Grid segment emerged as the dominant force in the United States Smart Energy Market, and it is anticipated to maintain its supremacy throughout the forecast period. Smart grids, driven by advanced communication and automation technologies, played a pivotal role in revolutionizing the electricity infrastructure by enhancing grid reliability, optimizing energy distribution, and facilitating real-time monitoring. The deployment of smart grid solutions gained significant traction due to increased emphasis on grid modernization, resilience, and efficiency.
The integration of renewable energy sources into the grid, coupled with the need for demand response capabilities, bolstered the adoption of smart grid technologies. The Smart Grid segment is expected to sustain its dominance as utilities continue to invest in upgrading and modernizing their aging infrastructure, aligning with the broader objectives of achieving a more sustainable, reliable, and responsive energy grid. The smart grid’s ability to facilitate bidirectional communication, manage energy demand efficiently, and incorporate diverse energy sources positions it as a linchpin in the ongoing transformation of the United States energy landscape, making it a key driver in the smart energy market for the foreseeable future.
Regional Insights
The North-East region emerged as the dominant force in the United States Smart Energy Market and is anticipated to maintain its leadership throughout the forecast period. The North-East region, encompassing states such as New York and Massachusetts, has been at the forefront of implementing progressive energy policies, fostering a conducive environment for the adoption of smart energy solutions. Robust regulatory frameworks, ambitious clean energy targets, and a strong focus on sustainability have propelled the deployment of advanced technologies like smart grids, energy storage, and home energy management systems.
The region’s commitment to reducing carbon emissions and building resilient energy infrastructure aligns seamlessly with the objectives of the smart energy market. Furthermore, initiatives such as the Reforming the Energy Vision (REV) in New York have catalyzed innovation and investments in smart grid technologies.
As the demand for clean and efficient energy solutions continues to grow, the North-East region is poised to maintain its dominance, leveraging its forward-thinking policies, supportive regulatory environment, and a robust commitment to building a sustainable energy future. The convergence of favorable policies, a proactive approach to grid modernization, and a strong emphasis on renewable energy integration position the North-East region as a trailblazer in the United States Smart Energy Market, paving the way for continued growth and leadership in the years to come.
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 86 |
| Forecast Period | 2024 – 2030 |
| Estimated Market Value (USD) in 2024 | $47 Billion |
| Forecasted Market Value (USD) by 2030 | $81.3 Billion |
| Compound Annual Growth Rate | 9.4% |
| Regions Covered | United States |
Report Scope:
Key Market Players
- General Electric Company
- Itron, Inc
- Honeywell International Inc.
- IBM Corporation
- Cisco Systems, Inc.
- Sierra Wireless, Inc.
- Eaton Corporation plc
- Oracle Corporation
United States Smart Energy Market, By Energy Source:
United States Smart Energy Market, By Product:
- Smart grid
- Digital Oilfield
- Smart Solar
- Home energy management system
United States Smart Energy Market, By End User:
- Utility Providers
- Residential
- Industrial
- Commercial
United States Smart Energy Market, By Region:
- South US
- Midwest US
- North-East US
- West US
For more information about this report visit https://www.researchandmarkets.com/r/6cpu7a
About ResearchAndMarkets.com
ResearchAndMarkets.com is the world’s leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.
