스마트 그리드 시장 : 기술별, 용도별, 지역별 분석 - 시장 규모, 업계 동향, 기회 분석 및 예측(2026-2035년)

The global smart grid market is undergoing a period of robust expansion, reflecting the increasing demand for advanced energy systems that can meet the challenges of modern electricity networks. In 2025, the market was valued at USD 52.55 billion, signaling the significant investment and adoption of smart grid technologies worldwide. This momentum is expected to accelerate dramatically over the next decade, with projections indicating that the market will reach a substantial valuation of USD 259.15 billion by 2035. This growth trajectory corresponds to an impressive compound annual growth rate (CAGR) of 17.30% during the forecast period from 2026 to 2035, highlighting the strong and sustained interest in upgrading electrical infrastructure globally.

Several key factors are driving this rapid market growth. A primary catalyst is the urgent need to modernize aging electricity infrastructure, much of which was designed decades ago and is increasingly unable to support today's evolving energy demands. Modernization efforts focus on replacing outdated equipment with intelligent systems that enable real-time monitoring, automation, and data-driven decision-making. Simultaneously, the integration of renewable energy sources such as wind, solar, and distributed generation is accelerating, necessitating smarter grid solutions to efficiently manage the intermittent and decentralized nature of these resources. Finally, there is a growing emphasis on improving energy efficiency and enhancing grid resilience to withstand disruptions caused by extreme weather events, cyber threats, and other challenges.

Noteworthy Market Developments

The competitive landscape of the smart grid market strongly favors established industrial incumbents that have successfully pivoted towards embracing digital intelligence and advanced technologies. These companies are capitalizing on their extensive experience and resources to meet the surging demand for smart grid solutions, which currently outpaces supply due to widespread capacity constraints. This imbalance has resulted in unprecedented order backlogs, reflecting both the eagerness of utilities and governments to modernize their electrical infrastructure and the challenges manufacturers face in scaling production rapidly enough.

Among the key players dominating the market are global giants such as Siemens, Schneider Electric, General Electric (GE), ABB, Itron, and IBM. These corporations leverage their broad portfolios, technological expertise, and global reach to deliver comprehensive smart grid solutions that address the diverse needs of utilities worldwide. Alongside these industrial heavyweights, specialized technology providers also play an important role, offering niche innovations that complement and enhance the capabilities of larger firms.

A notable example of smart grid progress occurred in November 2025, when Morocco took a decisive step toward securing its energy future by launching Africa's first Smart Grid platform. This milestone, initiated by the National Office of Electricity and Drinking Water and unveiled earlier in the month at the Center for Electrical Sciences and Technology, signifies a major leap for the continent's energy transition efforts. The project, funded by the African Development Bank with an investment exceeding four million dirhams, not only underscores Morocco's commitment to sustainable energy but also positions the kingdom as a continental leader in smart grid innovation.

Core Growth Drivers

The primary catalyst driving the rapid growth of the smart grid market is the explosive expansion of variable renewable energy sources such as wind and solar power. These renewables have become central to global efforts to transition toward cleaner, more sustainable energy systems, driven by environmental concerns and policy mandates aimed at reducing carbon emissions. However, the inherently intermittent and unpredictable nature of variable renewables introduces significant challenges for grid operators who must balance supply and demand in real time to maintain stability and reliability. Unlike traditional power plants that provide steady and controllable output, renewable sources fluctuate with weather conditions, creating complexities that conventional grid infrastructure is ill-equipped to handle.

Emerging Opportunity Trends

Artificial Intelligence (AI) and climate resilience are playing increasingly pivotal roles in redefining the trajectory of the smart grid market. As the complexity of electrical grids grows-particularly with the rise of decentralized energy resources-utilities are turning to generative AI technologies to manage this complexity more effectively. The adoption of AI is surging as these advanced algorithms provide utilities with powerful tools to optimize grid operations, forecast demand, and integrate diverse energy sources seamlessly. By analyzing vast amounts of data in real time, AI enables smarter decision-making, which enhances operational efficiency and helps utilities respond proactively to fluctuations and disruptions within the grid.

Barriers to Optimization

As the smart grid market continues to evolve with increased connectivity and digital integration, it also faces growing vulnerabilities to cyberattacks that pose significant risks to power systems. The enhanced interconnectivity between devices, sensors, and communication networks, while essential for improving grid efficiency and responsiveness, simultaneously expands the attack surface for malicious actors. Cyber threats such as jamming, spoofing, and man-in-the-middle attacks have become more sophisticated, targeting critical components of the grid infrastructure to disrupt operations, steal sensitive data, or cause widespread outages.

Detailed Market Segmentation

By Technology, in 2025, Advanced Metering Infrastructure (AMI) emerged as the leading revenue generator within the smart grid market. Traditionally, meters served a straightforward role of recording energy consumption for billing purposes; however, AMI has propelled the industry far beyond this basic function. By integrating two-way communication, real-time data collection, and advanced analytics, AMI has enabled a new paradigm often referred to as "Grid Edge Intelligence." This shift represents a crucial evolution in the way utilities monitor, control, and optimize their networks, especially at the increasingly complex interface between the grid and end-users.

By Application, distribution applications hold a commanding position, capturing approximately 35% of the total market share. This significant share highlights the critical role that distribution-focused solutions play in addressing one of the most complex and existential challenges facing modern electrical grids: managing the increasingly chaotic and bidirectional energy flows that occur across highly fragmented distribution networks. As energy generation becomes more decentralized with the proliferation of distributed energy resources such as rooftop solar panels, electric vehicles, and energy storage systems, traditional one-way power flow models no longer suffice.

Segment Breakdown

• By Technology
• Advanced Metering Infrastructure
• Distribution Management
• Substation Automation
• Communications
• Security
• Network Management

By Application

• Generation
• Transmission
• Distribution
• Consumption

By Region

• North America
• The US
• Canada
• Mexico
• Europe
• Western Europe
• The UK
• Germany
• France
• Italy
• Spain
• Rest of Western Europe
• Eastern Europe
• Poland
• Russia
• Rest of Eastern Europe
• Asia Pacific
• China
• India
• Japan
• Australia and New Zealand
• South Korea
• ASEAN
• Rest of Asia Pacific
• Middle East and Africa
• Saudi Arabia
• South Africa
• UAE
• Rest of MEA
• South America
• Argentina
• Brazil
• Rest of South America

Geography Breakdown

• Asia Pacific stands out as the dominant force in the smart grid market, commanding both the largest market size and the fastest growth trajectory globally. This impressive regional leadership is largely driven by ambitious, state-led digitalization mandates that prioritize the modernization and enhancement of electrical infrastructure. Governments across the Asia Pacific region are vigorously promoting smart grid initiatives to improve energy efficiency, ensure grid reliability, and accommodate the increasing complexity of power systems fueled by the integration of renewable energy sources.
• China, in particular, serves as the anchor for regional volume and impact, establishing itself as the renewable integration powerhouse within the Asia Pacific. The country's commitment to expanding and stabilizing its vast renewable energy capacity is exemplified by the State Grid Corporation's massive investment of 650 billion yuan (approximately USD 89 billion) in 2025. This substantial capital infusion is aimed at addressing the physical instability challenges associated with managing an enormous 1,350 gigawatts (GW) of wind and solar power capacity, which was connected to the grid by late 2024. The sheer scale of these renewable assets presents unique operational complexities, requiring advanced solutions to maintain grid stability and prevent disruptions. Consequently, high-voltage transmission infrastructure has become the cornerstone of China's smart grid strategy, enabling efficient long-distance power transfer and integration of variable renewable energy sources.

Leading Market Participants

• ABB
• Aclara
• Cisco
• Eaton
• GE
• Honeywell
• IBM
• Itron
• Landis+Gyr
• Oracle
• S&C Electric Company
• Schneider Electric
• Siemens
• Wipro Limited
• Other Prominent Players

Table of Content

Chapter 1. Executive Summary: Global Smart Grid Market

Chapter 2. Research Methodology & Research Framework

• 2.1. Research Objective
• 2.2. Product Overview
• 2.3. Market Segmentation
• 2.4. Qualitative Research
  • 2.4.1. Primary & Secondary Sources
• 2.5. Quantitative Research
  • 2.5.1. Primary & Secondary Sources
• 2.6. Breakdown of Primary Research Respondents, By Region
• 2.7. Assumption for Study
• 2.8. Market Size Estimation
• 2.9. Data Triangulation

Chapter 3. Global Smart Grid Market Overview

• 3.1. Industry Value Chain Analysis
  • 3.1.1. Raw Material Suppliers
  • 3.1.2. Manufacturers
  • 3.1.3. Distributors
  • 3.1.4. End Consumers
• 3.2. Industry Outlook
  • 3.2.1. Electricity Production in the World
  • 3.2.2. Electricity Consumption in the World
• 3.3. PESTLE Analysis
• 3.4. Porter's Five Forces Analysis
  • 3.4.1. Bargaining Power of Suppliers
  • 3.4.2. Bargaining Power of Buyers
  • 3.4.3. Threat of Substitutes
  • 3.4.4. Threat of New Entrants
  • 3.4.5. Degree of Competition
• 3.5. Market Growth and Outlook
  • 3.5.1. Market Revenue Estimates and Forecast (US$ Mn), 2020-2035
  • 3.5.2. Price Trend Analysis, By Technology
• 3.6. Market Attractiveness Analysis
  • 3.6.1. By Technology
  • 3.6.2. By Region
• 3.7. Actionable Insights (Analyst's Recommendations)

Chapter 4. Competition Dashboard

• 4.1. Market Concentration Rate
• 4.2. Company Market Share Analysis (Value %), 2025
• 4.3. Competitor Mapping & Benchmarking

Chapter 5. Global Smart Grid Market Analysis

• 5.1. Market Dynamics and Trends
  • 5.1.1. Growth Drivers
  • 5.1.2. Restraints
  • 5.1.3. Opportunity
  • 5.1.4. Key Trends
• 5.2. Market Size and Forecast, 2020-2035 (US$ Mn)
  • 5.2.1. By Technology
    • 5.2.1.1. Key Insights
      • 5.2.1.1.1. Advanced Metering Infrastructure
      • 5.2.1.1.2. Distribution Management
      • 5.2.1.1.3. Substation Automation
      • 5.2.1.1.4. Communications
      • 5.2.1.1.5. Security
      • 5.2.1.1.6. Network Management
  • 5.2.2. By Application
    • 5.2.2.1. Key Insights
      • 5.2.2.1.1. Generation
      • 5.2.2.1.2. Transmission
      • 5.2.2.1.3. Distribution
      • 5.2.2.1.4. Consumption
  • 5.2.3. By Region
    • 5.2.3.1. Key Insights
      • 5.2.3.1.1. North America
        • 5.2.3.1.1.1. The U.S.
        • 5.2.3.1.1.2. Canada
        • 5.2.3.1.1.3. Mexico
      • 5.2.3.1.2. Europe
        • 5.2.3.1.2.1. Western Europe
          • 5.2.3.1.2.1.1. The UK
          • 5.2.3.1.2.1.2. Germany
          • 5.2.3.1.2.1.3. France
          • 5.2.3.1.2.1.4. Italy
          • 5.2.3.1.2.1.5. Spain
          • 5.2.3.1.2.1.6. Rest of Western Europe
        • 5.2.3.1.2.2. Eastern Europe
          • 5.2.3.1.2.2.1. Poland
          • 5.2.3.1.2.2.2. Russia
          • 5.2.3.1.2.2.3. Rest of Eastern Europe
      • 5.2.3.1.3. Asia Pacific
        • 5.2.3.1.3.1. China
        • 5.2.3.1.3.2. India
        • 5.2.3.1.3.3. Japan
        • 5.2.3.1.3.4. South Korea
        • 5.2.3.1.3.5. Australia & New Zealand
        • 5.2.3.1.3.6. ASEAN
          • 5.2.3.1.3.6.1.1. Indonesia
          • 5.2.3.1.3.6.1.2. Malaysia
          • 5.2.3.1.3.6.1.3. Thailand
          • 5.2.3.1.3.6.1.4. Singapore
          • 5.2.3.1.3.6.1.5. Rest of ASEAN
        • 5.2.3.1.3.7. Rest of Asia Pacific
      • 5.2.3.1.4. Middle East & Africa
        • 5.2.3.1.4.1. UAE
        • 5.2.3.1.4.2. Saudi Arabia
        • 5.2.3.1.4.3. South Africa
        • 5.2.3.1.4.4. Rest of MEA
      • 5.2.3.1.5. South America
        • 5.2.3.1.5.1. Argentina
        • 5.2.3.1.5.2. Brazil
        • 5.2.3.1.5.3. Rest of South America

Chapter 6. North America Smart Grid Market Analysis

• 6.1. Market Dynamics and Trends
  • 6.1.1. Growth Drivers
  • 6.1.2. Restraints
  • 6.1.3. Opportunity
  • 6.1.4. Key Trends
• 6.2. Market Size and Forecast, 2020-2035 (US$ Mn)
  • 6.2.1. By Technology
  • 6.2.2. By Application
  • 6.2.3. By Country

Chapter 7. Europe Smart Grid Market Analysis

• 7.1. Market Dynamics and Trends
  • 7.1.1. Growth Drivers
  • 7.1.2. Restraints
  • 7.1.3. Opportunity
  • 7.1.4. Key Trends
• 7.2. Market Size and Forecast, 2020-2035 (US$ Mn)
  • 7.2.1. By Technology
  • 7.2.2. By Application
  • 7.2.3. By Country

Chapter 8. Asia Pacific Smart Grid Market Analysis

• 8.1. Market Dynamics and Trends
  • 8.1.1. Growth Drivers
  • 8.1.2. Restraints
  • 8.1.3. Opportunity
  • 8.1.4. Key Trends
• 8.2. Market Size and Forecast, 2020-2035 (US$ Mn)
  • 8.2.1. By Technology
  • 8.2.2. By Application
  • 8.2.3. By Country

Chapter 9. Middle East & Africa Smart Grid Market Analysis

• 9.1. Market Dynamics and Trends
  • 9.1.1. Growth Drivers
  • 9.1.2. Restraints
  • 9.1.3. Opportunity
  • 9.1.4. Key Trends
• 9.2. Market Size and Forecast, 2020-2035 (US$ Mn)
  • 9.2.1. By Technology
  • 9.2.2. By Application
  • 9.2.3. By Country

Chapter 10. South America Smart Grid Market Analysis

• 10.1. Market Dynamics and Trends
  • 10.1.1. Growth Drivers
  • 10.1.2. Restraints
  • 10.1.3. Opportunity
  • 10.1.4. Key Trends
• 10.2. Market Size and Forecast, 2020-2035 (US$ Mn)
  • 10.2.1. By Technology
  • 10.2.2. By Application
  • 10.2.3. By Country

Chapter 11. Company Profile (Company Overview, Financial Matrix, Key Product landscape, Key Personnel, Key Competitors, Contact Address, and Business Strategy Outlook)

• 11.1. ABB
• 11.2. Aclara
• 11.3. Cisco
• 11.4. Eaton
• 11.5. GE
• 11.6. Honeywell
• 11.7. IBM
• 11.8. Itron
• 11.9. Landis+Gyr
• 11.10. Oracle
• 11.11. S&C Electric Company
• 11.12. Schneider Electric
• 11.13. Siemens
• 11.14. Wipro Limited
• 11.15. Other Prominent Players

Chapter 12. Annexure

• 12.1. List of Secondary Leather Types
• 12.2. Key Country Markets- Macro Economic Outlook/Indicators