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Industry Landscape
The energy management and industrial automation industry is experiencing significant growth, driven by increasing demands for sustainability, efficiency, and digital transformation. The integration of IoT, AI, and smart grid technologies is crucial for optimizing energy consumption and industrial processes. Companies are focusing on solutions that offer reliability and connectivity, addressing the need for reduced operational costs and improved environmental impact.
Total Assets Under Management (AUM)
Market Size in United States
~As of 2023, the U.S. Smart Grid market size is estimated to be approximately 14.5 billion USD.
(15.0% CAGR)
This growth is driven by smart infrastructure investments.
- Integration of renewable energy sources.
- Enhanced grid reliability and efficiency.
Total Addressable Market
14.5 billion USD
Market Growth Stage
Pace of Market Growth
Emerging Technologies
AI-powered Predictive Maintenance
Utilizing artificial intelligence to analyze data from connected assets, predicting equipment failures before they occur, and enabling proactive maintenance.
Edge Computing for Industrial IoT
Processing data closer to the source (e.g., factory floor, smart grid nodes) to enable real-time decision-making, reduce latency, and enhance cybersecurity.
Blockchain for Energy Trading
Leveraging distributed ledger technology to enable secure, transparent, and peer-to-peer energy transactions within smart grids and microgrids.
Impactful Policy Frameworks
Infrastructure Investment and Jobs Act (IIJA) 2021
The Bipartisan Infrastructure Law, enacted in 2021, allocates significant funding towards modernizing the U.S. power grid, including investments in smart grid technologies, cybersecurity, and renewable energy integration.
This policy provides substantial funding for smart grid development, directly boosting demand for Schneider Electric's solutions and infrastructure projects.
Inflation Reduction Act (IRA) 2022
The Inflation Reduction Act of 2022 includes extensive tax credits and incentives for clean energy production, energy efficiency improvements, and sustainable manufacturing within the United States.
The IRA significantly incentivizes the adoption of renewable energy and energy-efficient technologies, directly increasing the market for Schneider Electric's sustainable solutions.
National Cybersecurity Strategy 2023
Released in 2023, this strategy outlines the U.S. government's approach to cybersecurity, emphasizing the protection of critical infrastructure, including energy systems, through enhanced collaboration and regulation.
This policy increases the focus on cybersecurity in industrial control systems and smart grids, necessitating more robust and secure offerings from Schneider Electric.
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