As the global electricity demand continues to rise, the need for smarter, more efficient grid systems has never been more urgent. Smart grids leverage digital technologies, sensors, and real-time analytics to optimize power distribution, reduce energy waste, and improve grid reliability.
With increasing electrification, urbanization, and renewable energy adoption, the global smart grid market is expected to nearly double from $40.12 billion in 2024 to $77.79 billion by 2030, growing at a CAGR of 11.5%.
