Global Smart Grid Technology Market to Reach a Value of USD 137.17 billion

 The increased modernization of the aging grid infrastructure is one of the major factors responsible for market growth. Moreover, the increased investments by the government in the smart grids and the rising promotions for the deployment of the smart grids across the globe are some factors that will drive the growth of the market during the forecasted period of 2022 to 2029.

Global smart grid technology market was valued at USD 34.76 billion in 2021 and is expected to reach USD 137.17 billion by 2029, registering a CAGR of 18.72% during the forecast period of 2022-2029. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and pestle analysis.

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