Market Size in 2024 | Market Forecast in 2034 | CAGR (in %) | Base Year |
---|---|---|---|
USD 54.16 Billion | USD 178.31 Billion | 12.8% | 2024 |
FrequentlyAsked Questions
The current modern world is changing at a rapid rate and these changes may not necessarily be apparent to the end-consumers but the global technical units have come a long way since the inception of technology, especially with the rising consumption levels in the energy and utility sector which forms the core of energy supply.
The global smart grid analytics market is expected to grow due to increasing need for efficient energy management, the integration of renewable energy sources, and the modernization of aging grid infrastructure through the deployment of smart grid technologies.
According to a study, the global smart grid analytics market size was worth around USD 54.16 Billion in 2024 and is expected to reach USD 178.31 Billion by 2034.
The global smart grid analytics market is expected to grow at a CAGR of 12.8% during the forecast period.
North America is expected to dominate the smart grid analytics market over the forecast period.
Leading players in the global smart grid analytics market include EMC Corporation, SAP SE, Accenture PLC, Oracle Corporation, SAS Institute Inc., Capgemini SE, Siemens AG, and IBM Corporation., among others.
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