Grid modernization drivers North America 2023

In a 2023 survey conducted in North America among leaders and investors of the energy sector, 60 percent of the responders emphasized the need to accurately monitor, protect, and control grid conditions as a primary driver for global grid modernization in North America. Additionally, 45 percent of the respondents identified the integration of utility-scale energy storage as another influential factor in grid modernization.

Factors driving the demand for grid modernization according to energy sector executives and investors based in North America in 2023**

Characteristic	Share of respondents
-	-
-	-
-	-
-	-
-	-
-	-
-	-
-	-

Download

Source

Show detailed source information?

Already a member?

Source

Use Ask Statista Research Service

Release date

November 2023

More information

Region

North America

Survey time period

August 22 to September 28, 2023

Number of respondents

105 respondents

Special properties

Responses from C-suite executives, legal counsel, and business, operations, and project managers.

Method of interview

Online survey

Supplementary notes

Survey participants encompassed firms and investors interested in renewable energy, oil and gas, utilities, mining, electric vehicles (EVs), and nuclear.

**The original question posed in the survey was as follows "What factors are driving demand for grid modernization?"

Figures exceed 100 percent as respondents could select more than one answer.

The number of respondents was calculated by Statista based on the figures provided by the source

Citation formats