Global Smart Grid Market Assessment, By Network Area [Home Area Network (HAN), Neighborhood Area Network (NAN), Wide Area Network (WAN), and Long-Range Wide Area Network (LoRaWAN)], By Components [Hardware, Software, Services], By Applications [Distribution Automation, Conservation Voltage Reduction (CVR), Substation Automation, and Advanced Metering Infrastructure (AMI), Others], By End-use [Residential, Commercial, Industrial], By Region, Opportunities, and Forecast, 2016-2030F

The Global Smart Grid market size was valued at USD 52.19 billion in 2022 which is expected to grow to USD 218.58 billion in 2030 with a CAGR of 19.61%.

Global Smart Grid Market Share, Growth & Size Forecast 2030

Global Smart Grid Market Assessment, Opportunities, and Forecast, 2016-2030F

The Smart Grid market has experienced significant growth in recent years and is expected to maintain a strong growth trajectory in the coming years. Valued at USD 52.19 billion in 2022, the market is projected to reach USD 218.58 billion by 2030, reflecting a notable CAGR of 19.61% during the forecasted period from 2023 to 2030. 

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