Smart Grid Market Revenue to Hit $161.5 Billion by 2029

Smart Grid Market
The global Smart Grid Market in terms of revenue was estimated to be worth $73.8 billion in 2024 and is poised to reach $161.1 billion by 2029, growing at a CAGR of 16.9% from 2024 to 2029 according to a new report by MarketsandMarkets™. The global demand for smart grid is increasing due to strong focus on modernization of aging grid infrastructure. Factors such as rapid industrialization, urbanization,...

With 16.9% CAGR, Smart Grid Market Growth to Surpass $161.5 Billion

The global Smart Grid Market in terms of revenue was estimated to be worth $73.8 billion in 2024 and is poised to reach $161.1 billion by 2029, growing at a CAGR of 16.9% from 2024 to 2029 according to a new report by MarketsandMarkets™. The global demand for smart grid is increasing due to strong focus on modernization of aging grid infrastructure. Factors such as rapid industrialization,...

Smart Grid Market Size to Grow $185.0 Billion by 2029

The global Smart Grid Market in terms of revenue was estimated to be worth $71.8 billion in 2024 and is poised to reach $185.0 billion by 2029, growing at a CAGR of 20.8% from 2024 to 2029 according to a new report by MarketsandMarkets™. The demand for smart grid is on the rise due to various factors. Expansion in industries like manufacturing, automotive, and construction contributes to increased...

Smart Grid Market Expected to Reach $103.4 Billion by 2026

Smart Grid Market
The global Smart Grid Market size is projected to reach USD 103.4 billion by 2026 from USD 43.1 billion in 2021 at a CAGR of 19.1% during the forecast period. Smart grid technology enables the transition from a traditional energy distribution network to an intelligent electricity grid that allows two-way communication between the utility and its customers. The smart electric grid uses digital communication...

Smart Grid Market to Show Robust Growth in Near Future

Smart Grid Market
The global smart grid market is expected to grow from an estimated USD 43.1 billion in 2021 to USD 103.4 billion by 2026, at a CAGR of 19.1% during the forecast period. Modernization of aging grid infrastructure is one the primary factors driving market growth. Moreover, the government across the world is encouraging the investments in smart grids. Smart grid technology enables the transition from...

Smart Grid Market expected to Grow $103.4 Billion by 2026

Smart Grid Market
According to the new market research report “Smart Grid Market by Component (Software, Hardware, Services), Application (Generation, Transmission, Distribution, Consumption/End Use), Communication Technology (Wireline, Wireless), and Region – Global Forecast to 2026″, published by MarketsandMarkets™, the smart grid market size will grow to USD 103.4 billion by 2026 (forecast year)...

Distribution Automation Market to Outstrip $17.7 Billion by 2025 Growing Sturdy at 7.4% CAGR – COVID-19 Impact and Global Analysis

Gas-Insulated Substation Market
Distribution Automation Market: Key Insights According to the new market research report “Distribution Automation Market by Component (Field Devices, Software, Services), Communication Technology (Wired (Fiber Optic, Ethernet, Powerline Carrier, IP), Wireless (RF Mesh, Cellular, Wimax)), Utility, Region – Global Forecast to 2025″, size is expected to grow from an estimated...

Impact of COVID 19 on Smart Grid Market

Post COVID-19, the report “COVID-19 Impact on Smart Grid Market by Component (Hardware, Software and Services) and Region – Global Forecast to 2021″ size is estimated to be USD 26.9 billion in 2020 and projected to reach USD 28.8 billion by 2021 at a CAGR of 7.1% from 2020 to 2021.  The major factors driving the growth of the smart grid industry include modernization of aging...