Press release
Smart Electric Panels to Double Market to $20B by 2035
According to this latest publication from Meticulous Research®, The smart electric panel market was valued at USD 10.3 billion in 2024. This market is projected to reach USD 20.1 billion by 2035 from USD 10.9 billion in 2025, at a CAGR of 6.4%.
The global smart electric panel market has seen impressive growth, reaching a value of $10.3 billion in 2024. Projections show that the market will continue to grow, increasing from $10.9 billion in 2025 to $20.1 billion by 2035, which represents a compound annual growth rate of 6.4%. This growth reflects the rising use of smart electrical infrastructure by utilities, businesses, and homeowners looking for better energy efficiency and grid reliability.
Download Sample Report Here: @ https://www.meticulousresearch.com/download-sample-report/cp_id=6207
The expansion of the market is mainly driven by the global shift toward renewable energy and smart grid upgrades. As electrical systems grow more complex with the introduction of electric vehicles, distributed energy resources, and renewable sources, there is an unprecedented need for advanced electrical panels that come with communication technologies, monitoring capabilities, and load management features.
Technological Innovation Transforming the Industry:
The smart electric panel industry is going through significant technological changes due to IoT integration, AI-driven energy management, and cloud-based monitoring platforms. Leading manufacturers are heavily investing in wireless communication technologies, cybersecurity features, and standards for interoperability to improve grid resilience, lower energy costs, and boost operational efficiency.
These innovations allow utilities and users to optimize energy use while maintaining high safety measures and achieving better returns on investment. The integration of advanced analytics and predictive maintenance features in smart electric panels helps prevent electrical failures and optimize energy distribution patterns, showing the industry's commitment to technology-driven improvements.
Browse in Depth: https://www.meticulousresearch.com/product/smart-electric-panel-market-6207
Hardware Segment Driving Market Growth:
The hardware segment, especially integrated smart panels and retrofit solutions, is expected to show the largest growth during the forecast period, accounting for about 60-65% of the total market. These hardware solutions include smart circuit breakers, energy monitoring devices, communication modules, and load management systems that enable smarter electrical distribution and control.
This segment's growth is linked to rising infrastructure modernization projects, with governments and utilities around the world investing in smart grid technologies. The complexity of electrical systems in modern buildings continues to increase as facilities adopt renewable energy sources, energy storage systems, and electric vehicle charging infrastructure that require advanced electrical panel capabilities.
Major manufacturers like Schneider Electric, ABB, Siemens, and Eaton have significantly expanded their hardware product lines, increasing smart panel production capacity by 20% to meet the surging demand in residential, commercial, and industrial markets.
North America Leading Regional Growth:
The North America region is expected to show the highest growth during the forecast period. This growth is driven by government mandates for grid upgrades, greater adoption of renewable energy, and a rising focus on energy efficiency. The United States is leading this effort with significant investments in smart grid infrastructure and building automation systems.
Regional growth is supported by federal and state incentives for adopting smart electrical infrastructure. The Infrastructure Investment and Jobs Act has provided substantial funding for modernizing the electrical grid, creating opportunities for deploying smart electric panels across utility, commercial, and residential sectors. Utility companies in North America are implementing advanced metering infrastructure and distribution automation systems that require smart electrical panels for optimal performance.
Market Challenges and Opportunities:
Despite promising growth prospects, the smart electric panel industry faces challenges such as high initial installation costs, cybersecurity risks, and interoperability issues across different communication systems. Regulatory compliance under various electrical codes adds complexity for manufacturers and installers. The lack of standardization across regions and the need for a skilled technical workforce also affect market penetration rates.
However, the market offers significant growth opportunities through smart city projects, the expansion of industrial automation, and the integration of new technologies like artificial intelligence and machine learning. Adopting cloud-based energy management platforms and predictive analytics can help users improve energy efficiency while lowering operational costs. Government policies that support renewable energy integration contribute to sustainable growth pathways.
Buy the Complete Report with an Impressive Discount: https://www.meticulousresearch.com/view-pricing/1524
Competitive Landscape and Key Players:
The smart electric panel market is led by major players across diverse segments. Schneider Electric SE offers a wide range of smart electrical solutions, while ABB Ltd. specializes in advanced equipment with strong automation and digitalization. Siemens AG provides integrated smart infrastructure and industrial solutions, and Eaton Corporation plc focuses on power management with a broad portfolio. GE Vernova Inc. emphasizes grid modernization and renewable integration. Other notable players include Span.IO Inc. with residential smart panel technologies, Leviton Manufacturing Co., Inc. in wiring devices and smart home tech, Mitsubishi Electric Corporation in industrial automation and equipment, and Legrand SA in electrical and digital infrastructure. These companies drive growth through acquisitions, technology investments, utility partnerships, R&D, capacity expansion, and cybersecurity advancements.
Key Questions Answered in the Report:
How big is the Smart Electric Panel Market?
What is the current Smart Electric Panel Market size?
Who are the key players in the Smart Electric Panel Market?
Related Reports:
Solar Panel Cleaning Market: https://www.meticulousresearch.com/product/solar-panel-cleaning-market-6200
Storage Water Heater Market: https://www.meticulousresearch.com/product/storage-water-heater-market-6266
About Us:
We are a trusted research partner for leading businesses worldwide, empowering Fortune 500 organizations and emerging enterprises with actionable market intelligence tailored to drive revenue transformation and strategic growth. Our insights reveal forward-looking revenue opportunities, providing our clients with a competitive edge through a diverse suite of research solutions-syndicated reports, custom research, and direct analyst engagement.
Each year, we conduct over 300 syndicated studies and manage 60+ consulting engagements across eight key industry sectors and 20+ geographic markets. With a focus on solving the complex challenges facing global business leaders, our research enables informed decision-making that propels sustainable growth and operational excellence. We are dedicated to delivering high-impact solutions that transform business performance and fuel innovation in the competitive global marketplace.
Contact Us:
Meticulous Market Research Pvt. Ltd.
1267 Willis St, Ste 200 Redding,
California, 96001, U.S.
Email- sales@meticulousresearch.com
USA: +1-646-781-8004
Europe: +44-203-868-8738
APAC: +91 744-7780008
Visit Our Website: https://www.meticulousresearch.com/
For Latest Update Follow Us:
LinkedIn- https://www.linkedin.com/company/meticulous-research
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Smart Electric Panels to Double Market to $20B by 2035 here
News-ID: 4175227 • Views: …
More Releases from Meticulous Research®
Portable Oxygen Concentrators Market: Growth Outlook, Opportunities, and Future …
Market Overview
The global portable oxygen concentrators market is gaining momentum as respiratory diseases rise and patients increasingly look for mobility and independence in their treatment options. Valued at USD 0.86 billion in 2024, the market is projected to increase to USD 0.92 billion in 2025 and is expected to reach USD 1.7 billion by 2035. This steady growth, reflected in a compound annual growth rate (CAGR) of 6.4% between 2025…
Greywater Recycling Units Market: Growth Outlook and Opportunities
Market Overview
The global greywater recycling units market is expanding steadily as water scarcity intensifies across regions and governments push for sustainable water management. Valued at USD 457 million in 2024, the market is projected to grow to USD 507 million in 2025 and further reach approximately USD 1.38 billion by 2035. This translates into a compound annual growth rate (CAGR) of 10.5% between 2025 and 2035. Growing concerns about shrinking…
Solar-Powered Cold Chain Units Market: Growth Outlook and Key Developments
Market Overview
The global solar-powered cold chain units market is witnessing rapid growth as industries search for sustainable, energy-independent refrigeration solutions. Valued at USD 0.68 billion in 2024, the market is set to rise to USD 0.82 billion in 2025 and is projected to reach USD 4.15 billion by 2035, expanding at a strong CAGR of 17.6% during the forecast period. The growing importance of reliable cold chain logistics in emerging…
Rooftop HVAC Units Market: Growth Outlook and Key Developments
Market Overview
The rooftop HVAC units market is on a steady growth trajectory as businesses and institutions increasingly seek energy-efficient and space-saving heating and cooling systems. The global market was valued at USD 12.45 billion in 2024 and is projected to grow to USD 13.42 billion in 2025. Looking ahead, the market is expected to reach USD 24.85 billion by 2035, reflecting a compound annual growth rate (CAGR) of 6.4% between…
More Releases for Electric
Electrical Isolators Market 2023: Mitsubishi Electric, Orient Electric, Schneide …
The Electrical Isolators Market size (volume and value) and industry chain structure published by The Insight Partners through its high quality database which is a valuable source of guidance and direction for companies and individual interested in the industry.
An electrical isolator is a material in which electric current does not flow freely. The atoms of the insulator have tightly bound electrons which cannot readily move. Other materials, semiconductors and conductors…
Electric Motors for Electric Vehicle Market by Manufacturers: Hitachi Automotive …
Electric Motors for Electric Vehicle Market research report analyzes and studies the Electric Motors for Electric Vehicle Market's production, value, financial status, and capacity. It also provides information about market share and development plans during the projected period. Moreover, the Electric Motors for Electric Vehicle Market research report provides data about key manufacturers and focuses on the market competition landscape by analyzing the market by application, product type, and region.
Click…
Thermal Overload Relay Market 2021 Precise Outlook - ABB, Schneider Electric, Ea …
Global Thermal Overload Relay Market Size, Status and Forecast 2021
The Global Thermal Overload Relay Market report offers in-depth information and comprehensive analysis of the market. It provides a complete overview of the market with detailed insights on key aspects including the current market situation, potential size, volume, and dynamics of the market. This research report makes a thorough assessment of the COVID-19 pandemic and its impact on the current market…
Global Electric Motors for Electric Vehicles Market 2025 | MAHLE GmbH, Protean E …
Researchmoz added Most up-to-date research on "Global Electric Motors for Electric Vehicles Market Insights, Forecast to 2025" to its huge collection of research reports.
This report presents the worldwide Electric Motors for Electric Vehicles market size (value, production and consumption), splits the breakdown (data status 2013-2018 and forecast to 2025), by manufacturers, region, type and application.
This study also analyzes the market status, market share, growth rate, future trends, market drivers, opportunities…
Yokogawa Electric, General Electric Profiled in Smart Factory Solutions Market 2 …
Global Smart Factory Solutions Market which focuses on effective strategies of the business framework. It highlights the recent market trends stringent energy regulations and growing pressure to conform to energy efficiency. The research methods and tools used to analyze the studies are both primary and secondary research.
This market research report on analyzes the growth prospects for the key vendors operating in this market space including Siemens, ABB, Honeywell International, Yokogawa…
Global Quartz Heat Lamps Market 2017 : Indu Electric Gerber, Schneider Electric, …
The Market Research Store report offers majority of the latest and newest industry data that covers the overall market situation along with future prospects for Quartz Heat Lamps market around the globe. The research study includes significant data and also forecasts of the global market which makes the research report a helpful resource for marketing people, analysts, industry executives, consultants, sales and product managers, and other people who are in…
