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Smart Grid Market to Reach $161.15 Billion, at a 16.9% CAGR by 2029 | MarketsandMarkets™

GlobeNewswire Inc.·
Smart Grid Market to Reach $161.15 Billion, at a 16.9% CAGR by 2029 | MarketsandMarkets™

The global smart grid market is expected to grow from USD 73.85 billion in 2024 to USD 161.15 billion by 2029, at a CAGR of 16.9%. Growth is driven by renewable energy integration, grid modernization initiatives, increasing electrification, and rising energy demand. North America leads the market, while Asia Pacific is the fastest-growing region.

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