The Global Smart Grid Cybersecurity Market was valued at USD 7.5 billion in 2024 and is estimated to grow at a CAGR of 11.7% to reach USD 22.7 billion by 2034.
The accelerated digital transformation of power systems has broadened the attack surface, ranging from smart meters to distributed energy resources (DERs) and electric vehicle chargers, making cyber resilience a critical consideration in grid design and procurement. Grid modernization and the integration of renewable energy necessitate sophisticated digital control systems, prompting utilities to adopt secure telemetry, edge computing, and coordination platforms. As emerging markets scale and distributed assets proliferate, formal cybersecurity standards are becoming essential. The rise of DERs, solar installations, storage solutions, and EV chargers has increased vulnerability across aggregation platforms and inverter-based resources. Regulators and utilities are responding with harmonized frameworks, AI-driven anomaly detection, and automated incident response to ensure predictive analytics and real-time threat mitigation, though automation also introduces risks such as adversarial AI attacks.
The cloud-based solutions segment generated USD 7.5 billion in 2024, fueled by heightened grid digitalization and escalating cyber threats targeting operational technology. Utilities and regulators are prioritizing robust security systems to protect distributed energy assets and advanced metering infrastructures, driving demand for scalable cloud deployments.
The network security segment held a 35.7% share in 2024, reflecting the need to protect interconnected communication channels against increasingly sophisticated attacks. With the adoption of advanced metering infrastructure and DERs, utilities require strong perimeter and internal defenses to maintain operational resilience and regulatory compliance.
U.S Smart Grid Cybersecurity Market generated USD 1.8 billion in 2024, accounting for 81.5% share. Growth is largely supported by federal initiatives focused on enhancing cyber resilience in critical infrastructure, alongside rising adoption of DERs and advanced metering systems. Utilities are investing heavily in frameworks aligned with Department of Energy and NERC standards to secure operational technology networks.
Key players driving the Global Smart Grid Cybersecurity Market include Cisco Systems, Trend Micro, Lockheed Martin, Hewlett Packard, BAE Systems, IBM, Schneider Electric, ABB, AlienVault, Fortinet, CyberArk, Itron, Check Point Software Technologies, Honeywell, Symantec, GE Vernova, Black & Veatch, Palo Alto Networks, IOActive, Entergy, Kaspersky Lab, and Siemens. Companies in the Smart Grid Cybersecurity Market strengthen their presence by developing integrated cybersecurity platforms tailored for operational technology and DER protection, investing in AI-driven threat detection and automated incident response solutions, and ensuring compliance with evolving regulatory standards. They focus on strategic partnerships with utilities and technology providers, expand cloud-based offerings for scalability, and continuously innovate with next-generation encryption, anomaly detection, and vulnerability assessment tools.
This product will be delivered within 2-4 business days.
The accelerated digital transformation of power systems has broadened the attack surface, ranging from smart meters to distributed energy resources (DERs) and electric vehicle chargers, making cyber resilience a critical consideration in grid design and procurement. Grid modernization and the integration of renewable energy necessitate sophisticated digital control systems, prompting utilities to adopt secure telemetry, edge computing, and coordination platforms. As emerging markets scale and distributed assets proliferate, formal cybersecurity standards are becoming essential. The rise of DERs, solar installations, storage solutions, and EV chargers has increased vulnerability across aggregation platforms and inverter-based resources. Regulators and utilities are responding with harmonized frameworks, AI-driven anomaly detection, and automated incident response to ensure predictive analytics and real-time threat mitigation, though automation also introduces risks such as adversarial AI attacks.
The cloud-based solutions segment generated USD 7.5 billion in 2024, fueled by heightened grid digitalization and escalating cyber threats targeting operational technology. Utilities and regulators are prioritizing robust security systems to protect distributed energy assets and advanced metering infrastructures, driving demand for scalable cloud deployments.
The network security segment held a 35.7% share in 2024, reflecting the need to protect interconnected communication channels against increasingly sophisticated attacks. With the adoption of advanced metering infrastructure and DERs, utilities require strong perimeter and internal defenses to maintain operational resilience and regulatory compliance.
U.S Smart Grid Cybersecurity Market generated USD 1.8 billion in 2024, accounting for 81.5% share. Growth is largely supported by federal initiatives focused on enhancing cyber resilience in critical infrastructure, alongside rising adoption of DERs and advanced metering systems. Utilities are investing heavily in frameworks aligned with Department of Energy and NERC standards to secure operational technology networks.
Key players driving the Global Smart Grid Cybersecurity Market include Cisco Systems, Trend Micro, Lockheed Martin, Hewlett Packard, BAE Systems, IBM, Schneider Electric, ABB, AlienVault, Fortinet, CyberArk, Itron, Check Point Software Technologies, Honeywell, Symantec, GE Vernova, Black & Veatch, Palo Alto Networks, IOActive, Entergy, Kaspersky Lab, and Siemens. Companies in the Smart Grid Cybersecurity Market strengthen their presence by developing integrated cybersecurity platforms tailored for operational technology and DER protection, investing in AI-driven threat detection and automated incident response solutions, and ensuring compliance with evolving regulatory standards. They focus on strategic partnerships with utilities and technology providers, expand cloud-based offerings for scalability, and continuously innovate with next-generation encryption, anomaly detection, and vulnerability assessment tools.
Comprehensive Market Analysis and Forecast
- Industry trends, key growth drivers, challenges, future opportunities, and regulatory landscape
- Competitive landscape with Porter’s Five Forces and PESTEL analysis
- Market size, segmentation, and regional forecasts
- In-depth company profiles, business strategies, financial insights, and SWOT analysis
This product will be delivered within 2-4 business days.
Table of Contents
Chapter 1 Methodology & Scope
Chapter 2 Executive Summary
Chapter 3 Industry Insights
Chapter 4 Competitive landscape, 2025
Chapter 5 Market Size and Forecast, by Solution, 2021 - 2034 (USD Million)
Chapter 6 Market Size and Forecast, by Service, 2021 - 2034 (USD Million)
Chapter 7 Market Size and Forecast, by Deployment Mode, 2021 - 2034 (USD Million)
Chapter 8 Market Size and Forecast, by Subsystem, 2021 - 2034 (USD Million)
Chapter 9 Market Size and Forecast, by Security Type, 2021 - 2034 (USD Million)
Chapter 10 Market Size and Forecast, by Region, 2021 - 2034 (USD Million)
Chapter 11 Company Profiles
Companies Mentioned
The companies profiled in this Smart Grid Cybersecurity market report include:- ABB
- AlertEnterprise
- AlienVault
- BAE Systems
- Black & Veatch
- Check Point Software Technologies
- Cisco Systems
- CyberArk
- Entergy
- Fortinet
- GE Vernova
- Honeywell
- Hewlett Packard
- IBM
- IOActive
- Itron
- Kaspersky Lab
- Lockheed Martin
- McAfee
- Palo Alto Networks
- Schneider Electric
- Siemens
- Symantec
- Trend Micro
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 130 |
| Published | October 2025 |
| Forecast Period | 2024 - 2034 |
| Estimated Market Value ( USD | $ 7.5 Billion |
| Forecasted Market Value ( USD | $ 22.7 Billion |
| Compound Annual Growth Rate | 11.7% |
| Regions Covered | Global |
| No. of Companies Mentioned | 25 |
