- In April 2025, SolarEdge Technologies, Inc., a global leader in smart energy solutions, launched its new ONE Controller for the German residential solar market, designed to comply with Germany’s updated §14a EnWG regulation. This regulation promotes the smart integration of controllable electrical loads by utilities. This launch is expected to strengthen SolarEdge’s position in the European smart grid ecosystem by aligning with regulatory trends and consumer energy demands.
- In August 2024, Siemens Smart Infrastructure introduced the SICAM Enhanced Grid Sensor (EGS), a solution developed to enhance distribution network transparency for grid operators. This innovation addresses a core challenge faced by utilities managing dynamic, decentralized energy flows. This product reinforces Siemens’ role in improving visibility and control across modern power grids
- In November 2022, Duke Energy Corporation collaborated with Amazon Web Services, Inc. to advance smart grid technologies by leveraging AWS’s cloud infrastructure. The partnership aims to enhance energy distribution, improve customer engagement, and support Duke Energy’s transition toward renewable energy sources. This alliance underscores the growing importance of cloud-driven digital transformation in the utility sector
- In March 2022, Analog Devices, Inc. and Gridspertise announced a partnership focused on enhancing smart grid technologies, especially in the area of distribution grid management and control. By combining Analog Devices’ semiconductor capabilities with Gridspertise’s power software, the collaboration seeks to improve the efficiency and reliability of smart grids. This initiative highlights the fusion of hardware and software as a pathway to smarter energy infrastructure
- In May 2021, Thailand-based Impact Solar joined hands with Hitachi ABB Power Grids to deliver an energy storage system for Thailand’s largest privately owned microgrid. This initiative supports sustainable energy independence and grid resilience in the region. This project represents a significant step toward decentralized energy development in Southeast Asia
- In February 2020, top CISOs and cybersecurity experts from across Europe gathered in Berlin to discuss new strategies for preventing, detecting, and responding to cyber threats in the smart grid space. The event focused on safeguarding critical infrastructure amid an evolving threat environment. This summit emphasized the growing need for cybersecurity leadership and collaboration in the energy sector
- In June 2021, AT&T Business and Cisco introduced Webex Calling with AT&T - Enterprise, integrating Cisco’s Unified Communications Manager Cloud (UCMC) to support flexible, cloud-based business communication. This integration showcases the trend of embedding unified communications into managed network offerings
Frequently Asked Questions
The market is segmented based on Segmentation, By Solution (Firewall, Identity and Access Management (IAM), Antivirus/Antimalware, Encryption, Security and Vulnerability Management (SVM), Intrusion Detection System/Intrusion Prevention System (IDS/IPS), Distributed Denial of Service (DDOS) and Others), Service (Professional and Managed Services), Deployment Mode (On-Premises and Cloud), Subsystem (Supervisory Control and Data Acquisition/Industrial Control System (SCADA/ICS), Advanced Metering Infrastructure (AMI), Demand Response, and Home Energy Management), Security Type (Endpoint Security, Network Security, Application Security, and Database Security) - Industry Trends and Forecast to 2032
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The Global Smart Grid Security Market size was valued at USD 66.74 USD Billion in 2024.
The Global Smart Grid Security Market is projected to grow at a CAGR of 15.7% during the forecast period of 2025 to 2032.
The major players operating in the market include BAE Systems. ,Cisco SystemsInc. ,Lockheed Martin Corporation. ,IBM ,Black & Veatch Holding Company. ,IOActive Inc. ,Entergy Corporation, ,ALIENVAULTInc.,AlertEnterpiseInc. ,McAfeeLLC ,HP INDIA SALES PRIVATE LIMITED Eaton.,VeriSignInc. ,Broadcom..
The market report covers data from the North America.
