Product ID: SQMIG55E2012
Report ID:
SQMIG55E2012 |
Region:
Global |
Published Date: February, 2024
Pages:
157
|
Tables:
93 |
Figures:
76
Globally, North America is estimated to hold the highest global Smart grid market share in 2021. Main factors during this growth period is the presence of top market players such as ABB, Siemens, IBM.
There are various efforts taken by Middle Eastern African nations to adopt the solutions to minimize outages and revenue losses and deliver enhanced controls with low disruption which will lead to the increase in smart grid solutions.
Above all, Asia Pacific is expected to grow fastest during the forecast period. The reason for the same is increasing acquisition of Smart grid technology to develop infrastructure and industrialization in the region of Asia Pacific and mainly in China and Japan.
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REQUEST FREE CUSTOMIZATIONSmart Grid Market size was valued at USD 43.1 billion in 2019 and is poised to grow from USD 51.33 billion in 2023 to USD 207.82 billion by 2031, growing at a CAGR of 19.9% in the forecast period (2024-2031).
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Product ID: SQMIG55E2012