Smart Grid Market by Hardware (Smart Meter), Software (Grid Network, Grid Asset, Grid Security, Grid Distribution, Substation Automation, AMI and Billing & CIS), Service (Consulting, Integration, and Support), and Region – 2022 to 2027

Published on: December 23, 2021

The global smart grid market size is projected to reach USD 71.5 billion by 2024, growing at a CAGR of 20.12% from 2019-2024. Major market growth factors include support policies and regulatory mandates from governments, improved grid stability and effective response to outages, and modernization of aging grid infrastructure.