Smart Grid Market Size, Share, Growth | Industry Report 2022-2029

Gmi Research17 Nov, 2022Business

Smart Grid Market was valued at USD 2.9 billion in 2021 and is estimated to reach USD 10.7 billion in 2029, growing at a high CAGR of 17.7% during the forecast period 2022-2029 The factors driving the growth of Smart Grid Market includes emerging need to upgrade the ageing gird infrastructure, rising awareness amongst consumers about energy conservation, increase in the construction of smart cities around the world and growing popularity of electric vehicles