Smart Grid Network Market Share

On the basis of geographical analysis, the smart grid network market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. The market in Asia Pacific is estimated to dominate majority revenue share by 2036, on the back of evolving energy infrastructure in developing countries of the region. The market in the North America region currently holds the largest market share and is anticipated to lead the market share throughout the forecast period owing to the escalating adoption of smart grids in the region and rising environmental awareness amongst the people. Moreover, increasing industrial development is raising the demand for power. This is another crucial factor expected to boost the market growth in the region.