The global smart grid technology market size was valued at USD 49.38 billion in 2024 and is expected to reach USD 208.15 billion by 2032, at a CAGR of 19.70% during the forecast period
The market growth is largely fuelled by the increasing demand for efficient energy management systems, rising government investments in smart city infrastructure, and growing adoption of renewable energy sources
Rapid urbanization, coupled with the modernization of aging grid infrastructure, is further contributing to the expansion of the smart grid technology market
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