The smart grid technology market was estimated at almost 50 billion U.S. dollars in 2022 and is forecast to grow at a compound annual growth rate (CAGR) of 17.4 percent until 2028, to reach roughly 130 billion U.S. dollars.
The term smart grid covers a wide range of technologies and areas, including Advanced Metering Infrastructure (AMI), network and distribution management, and electricity supply security.
Smart grid technology market size worldwide from 2022 to 2028
(in billion U.S. dollars)
Statista estimated the annual values using an exponential development between 2022 and 2028. The value for 2028 and the compound annual growth rate (CAGR) were provided by the source.
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ReportLinker, & Statista. (February 25, 2023). Smart grid technology market size worldwide from 2022 to 2028 (in billion U.S. dollars) [Graph]. In Statista. Retrieved December 25, 2024, from https://www.statista.com/statistics/1301566/global-smart-grid-market-value/
ReportLinker, und Statista. "Smart grid technology market size worldwide from 2022 to 2028 (in billion U.S. dollars)." Chart. February 25, 2023. Statista. Accessed December 25, 2024. https://www.statista.com/statistics/1301566/global-smart-grid-market-value/
ReportLinker, Statista. (2023). Smart grid technology market size worldwide from 2022 to 2028 (in billion U.S. dollars). Statista. Statista Inc.. Accessed: December 25, 2024. https://www.statista.com/statistics/1301566/global-smart-grid-market-value/
ReportLinker, and Statista. "Smart Grid Technology Market Size Worldwide from 2022 to 2028 (in Billion U.S. Dollars)." Statista, Statista Inc., 25 Feb 2023, https://www.statista.com/statistics/1301566/global-smart-grid-market-value/
ReportLinker & Statista, Smart grid technology market size worldwide from 2022 to 2028 (in billion U.S. dollars) Statista, https://www.statista.com/statistics/1301566/global-smart-grid-market-value/ (last visited December 25, 2024)
Smart grid technology market size worldwide from 2022 to 2028 (in billion U.S. dollars) [Graph], ReportLinker, & Statista, February 25, 2023. [Online]. Available: https://www.statista.com/statistics/1301566/global-smart-grid-market-value/
