Try our corporate solution for free!
(212) 419-8286
hadley.ward@statista.com

Smart grids in the U.S. - Statistics & facts

Smart grids are multi-directional networks that monitor, measure, and manage the transport of electricity. In an increasingly complex world, faced with growing peak demand and an ageing electricity infrastructure, the implementation of a nationwide smart grid is crucial to making U.S. energy supply more reliable, energy-efficient, and sustainable. Furthermore, smart grids are an important element for expanding the use of a number of technologies, including electric vehicle charging stations and variable renewable energy sources such as wind and solar power.

Global smart grid investments have been decreasing for the third consecutive year. Despite digital technologies continuing to account for greater shares in total grid spending, smart grid investments fell to roughly 271 billion U.S. dollars in 2019. The greatest portion went towards power equipment components, while smart meters received 21 billion U.S. dollars in financing.

Smart meters enable utilities to secure revenue collection through accurate reading and energy billing. Automation in the sector is expected to be dominated by investments into self-healing energy networks that are able to remotely identify and fix faulty areas in the system. These capabilities will allow for a reduction in time spent on restoring services during outages, such as those caused by storms. Integrating distribution automation and the sharing of infrastructure will help to further reduce operation costs in the industry. As of 2018, nearly 87 million smart meters had been installed in the U.S. Owners of residential housing units were by far the most common recipients of smart meters.

Pacific Gas & Electric Co. is the leading U.S. advanced meter supplying utility. As of 2019, the California based company had provided 5.3 million advanced meters to customers in Northern and Central California. The state on the Pacific Coast is also home to the greatest number of public electric vehicle charging stations and charging outlets.

Interesting statistics

In the following 5 chapters, you will quickly find the {amountStatistics} most important statistics relating to "Smart grids in the U.S.".

Smart grids in the U.S.

Dossier on the topic

All important statistics are prepared by our experts – available for direct download as PPT & PDF!
TOP SELLER

Important key figures

The most important key figures provide you with a compact summary of the topic of "Smart grids in the U.S." and take you straight to the corresponding statistics.

Electricity industry

Metering

Electric vehicle infrastructure

Companies

Contact

Get in touch with us. We are happy to help.
Statista Locations
ContactHadley Ward
Hadley Ward
Sales Manager– Contact (United States)

Mon - Fri, 9am - 6pm (EST)

ContactZiyan Zhang
Ziyan Zhang
Customer Relations– Contact (Asia)

Mon - Fri, 11:30am - 10pm (IST)

ContactKisara Mizuno
Kisara Mizuno
Customer Success Manager– Contact (Asia)

Mon - Fri, 9:30am - 5:30pm (JST)

ContactLodovica Biagi
Lodovica Biagi
Director of Operations– Contact (Europe)

Mon - Fri, 9:30am - 5pm (GMT)

ContactCatalina Rodriguez
Catalina Rodriguez
Key Account Manager - LAC– Contact (Latin America)

Mon - Fri, 9am - 6pm (EST)