Smart Grid Market Assessment, By Network Area [Home Area Network, Neighborhood Area Network, Wide Area Network, and Long-Range Wide Area Network], By Components [Hardware, Software, Services], By Applications [Distribution Automation, Conservation Voltage Reduction, Substation Automation, and Advanced Metering Infrastructure, Others], By Region, 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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