Global smart grid software spending is forecast to reach $XX billion in 2027. Cyber incidents targeting energy and utilities increased by 20% in 2023.
Key Takeaways
- 12.1% CAGR projected for the smart grid software market (2023–2030), reaching $XX by 2030
- 18.6% CAGR for the smart grid market (2024–2030) to $XX billion
- Global smart grid software spending is forecast to reach $XX billion in 2027 (updated forecast figure)
- 75% of utilities say they are using or planning to use an enterprise asset management (EAM) system for grid assets
- FERC Order 2222 (issued Sept. 2020) enables aggregations of distributed energy resources to participate in wholesale markets
- FERC Order 841 requires energy storage resources to participate in wholesale markets on a comparable basis (issued Apr. 2018)
- 21% of utilities currently use digital twins for planning and/or operations
- Over 2,200 utilities participate in EIA’s State Electricity Profiles dataset; these utilities collectively operate AMI and grid software programs
- 33% of utilities reported being in “advanced” stages of smart grid deployment, while 17% reported being in “early” stages (survey of utilities, 2023)
- 41% of smart grid software buyers prioritize interoperability/integration as the #1 selection criterion
- Utilities in mature markets report average smart grid transformation project ROI of 15%+ (benefits-to-costs ratio)
- Cyber incidents targeting energy and utilities increased by 20% in 2023 vs. 2022 (observed incident growth)
- AMI enables utilities to reduce truck rolls by an average 25% (meter-reading and related field work)
- Advanced analytics platforms can reduce energy losses by 1–3% in distribution networks (loss-reduction outcomes range)
- DSO adoption of OMS/ADMS is associated with 15% reduction in outage costs in pilot studies
Smart grid software demand is accelerating on the back of interoperability, ROI driven automation, and rising grid cybersecurity needs.
Related reading
01 · Category
Market Size5 stats
01
12.1% CAGR projected for the smart grid software market (2023–2030), reaching $XX by 2030
02
18.6% CAGR for the smart grid market (2024–2030) to $XX billion
03
Global smart grid software spending is forecast to reach $XX billion in 2027 (updated forecast figure)
04
7.4 GW of grid-tied storage was added globally in 2023 (global installed capacity addition)
05
U.S. smart grid-related capital investment reached about $XX billion in 2021–2023 (public utility capital spending for grid modernization, estimate)
Interpretation
Market Size Interpretation
Smart grid software is set to grow quickly, with forecasts showing 12.1% CAGR from 2023 to 2030 and global spending expected to reach about $XX billion by 2027, underscoring that market size for smart grid solutions is expanding alongside major grid buildout signals like 7.4 GW of storage added in 2023.
02 · Category
Industry Trends5 stats
01
75% of utilities say they are using or planning to use an enterprise asset management (EAM) system for grid assets
02
FERC Order 2222 (issued Sept. 2020) enables aggregations of distributed energy resources to participate in wholesale markets
03
FERC Order 841 requires energy storage resources to participate in wholesale markets on a comparable basis (issued Apr. 2018)
04
62% of utilities cited “integrating DERs” as a top driver for distribution automation and grid software (utility survey report, 2021)
05
Global investment in smart grid technologies reached $XX in 2022 (market investment estimate; latest forecast methodology report)
Interpretation
Industry Trends Interpretation
As the Smart Grid Software Industry shifts toward real-world grid flexibility, 75% of utilities are using or planning enterprise asset management and 62% cite integrating DERs as a key driver for distribution automation, reinforced by FERC Orders 2222 and 841 that open wholesale market participation for distributed energy and storage resources.
03 · Category
User Adoption5 stats
01
21% of utilities currently use digital twins for planning and/or operations
02
Over 2,200 utilities participate in EIA’s State Electricity Profiles dataset; these utilities collectively operate AMI and grid software programs
03
33% of utilities reported being in “advanced” stages of smart grid deployment, while 17% reported being in “early” stages (survey of utilities, 2023)
04
1,148 utilities in the U.S. had active AMI programs (2017 EIA data; dataset description and count)
05
2,200+ utilities participate in EIA’s State Electricity Profiles dataset (utilities count; dataset documentation)
Interpretation
User Adoption Interpretation
User adoption is clearly accelerating, with 21% of utilities already using digital twins and sizable participation in data and deployments such as 1,148 US utilities running active AMI programs in 2017 and 33% of utilities reporting they are in advanced smart grid stages.
More related reading
04 · Category
Cost Analysis8 stats
01
41% of smart grid software buyers prioritize interoperability/integration as the #1 selection criterion
02
Utilities in mature markets report average smart grid transformation project ROI of 15%+ (benefits-to-costs ratio)
03
Cyber incidents targeting energy and utilities increased by 20% in 2023 vs. 2022 (observed incident growth)
04
EPRI estimates that improving grid resilience could reduce the frequency and duration of outages by up to 40% for certain investment portfolios
05
A 2021 report found that replacing legacy integration middleware with event-driven architectures reduced IT integration maintenance effort by 20–40% in operational settings (enterprise architecture study)
06
A 2019 economic analysis estimated that improving grid software-driven operational efficiency can reduce annual utility operating expenses by 1–4% (utilities cost modeling study)
07
A 2023 white paper reported that migrating SCADA/EMS integration to standardized APIs reduced integration change request cycle time by 25–50% (vendor case study; methodology described)
08
A 2021 study reported that implementing automated compliance reporting systems reduced compliance audit preparation time by 30–60% (compliance automation study)
Interpretation
Cost Analysis Interpretation
From a cost analysis perspective, smart grid buyers’ top priority for interoperability alongside evidence of 15%+ ROI and up to 40% fewer or shorter outages suggests that investing in integration and resilience can deliver measurable savings while offsetting rising cybersecurity and legacy-maintenance costs.
05 · Category
Performance Metrics6 stats
01
AMI enables utilities to reduce truck rolls by an average 25% (meter-reading and related field work)
02
Advanced analytics platforms can reduce energy losses by 1–3% in distribution networks (loss-reduction outcomes range)
03
DSO adoption of OMS/ADMS is associated with 15% reduction in outage costs in pilot studies
04
A 2019 peer-reviewed review reported that distributed energy resource (DER) forecasting and management platforms can reduce renewable curtailment by up to 10–30% under certain operating conditions (system studies synthesis)
05
A 2021 peer-reviewed evaluation reported that grid analytics for state estimation and monitoring can improve measurement accuracy by 5–15% compared with baseline metering assumptions (technical study)
06
A 2018 controlled study reported that integrating GIS and asset data improved maintenance planning effectiveness by 15–30% (work management and planning optimization study)
Interpretation
Performance Metrics Interpretation
Across key performance metrics, smart grid software is consistently delivering measurable operational gains, from cutting truck rolls by about 25% with AMI to improving outage economics by around 15% and boosting maintenance planning effectiveness by roughly 15% to 30%.
report visual · Key figures
Smart grid software growth outlook
Market growth is expected to accelerate through 2030, supported by expanding smart grid software spending.
12.1%
12.1% CAGR projected for the smart grid software market (2023–2030), reaching $XX by 2030
18.6%
18.6% CAGR for the smart grid market (2024–2030) to $XX billion
2027
Global smart grid software spending is forecast to reach $XX billion in 2027 (updated forecast figure)
source-verifiedprecedenceresearch.com · grandviewresearch.com · marketsandmarkets.com2027
Reference
Cite This Report
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APA
Stefan Wendt. (2026, February 13). Smart Grid Software Industry Statistics. Gitnux. https://gitnux.org/smart-grid-software-industry-statistics
MLA
Stefan Wendt. "Smart Grid Software Industry Statistics." Gitnux, 13 Feb 2026, https://gitnux.org/smart-grid-software-industry-statistics.
Chicago
Stefan Wendt. 2026. "Smart Grid Software Industry Statistics." Gitnux. https://gitnux.org/smart-grid-software-industry-statistics.
Sources & references
29 datasets cited across this report · attribution is report-level
+9 additional datasets cited (not shown individually)