GLOBAL SMART GRID MARKET TO SURPASS A VALUATION OF USD 123.24 BILLION BY 2030, EXHIBITING A CAGR OF 13.57%, PROPELLED BY INCREASED INVESTMENTS IN SMART GRID PROJECTS, STATES KINGS RESEARCH

As per the latest report published by Kings Research, the global Smart Grid Market size was recorded at USD 39.18 billion in 2022 and is estimated to grow to USD 123.24 billion by 2030, exhibiting a CAGR of 13.57% through the projection period of 2023-2030. The demand for smart grids is rising globally, driven by increasing power consumption and favorable government regulations. The widespread adoption of centralized network distribution management & control is fueling the growth of the global industry. Key drivers of industry expansion include the growing popularity of smart meters, government initiatives at the regional level, and increased investments in smart grid projects.
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