Smart Grid Network Sector: Growth Drivers and Challenges
Growth Drivers
- Growing Demand for Optimizing Energy Utilization
- Increasing Adoption of Smart Grids and Meters
- Rising Investment in Smart Grid Infrastructure
Challenges
- Lack of Awareness Regarding Adoption of Smart Grid Infrastructure in Developing Countries
Browse key industry insights with market data tables & charts from the report:
Frequently Asked Questions (FAQ)
Smart Grid Network Market size is expected to expand at around 10.3% CAGR during the forecast period i.e., between 2025-2037.
Increased adoption of smart grids and meters and need for energy utility optimization to drive the market growth.
Asia Pacific industry is estimated to account for largest revenue share by 2037, on the back of evolving energy infrastructure in developing countries of the region.
The major players in the market are Schneider Electric, The General Electric Company, Siemens AG, Honeywell International Inc., Grid Point, Inc., and others.
