Market Size in 2021 | Market Forecast in 2028 | CAGR (in %) | Base Year |
---|---|---|---|
USD 2.75 Billion | USD 5.92 Billion | 11.81% | 2021 |
FrequentlyAsked Questions
The global smart grid analytics market is projected to gain high growth momentum propelled by increasing technical advancements along with a rise in the number of installations of smart grids across the globe. Some of the advanced technologies deployed include advanced metering infrastructure, a system developed for the measurement, collection, and analysis of energy consumption patterns.
According to study, the global smart grid analytics market size was worth around USD 2.75 billion in 2021 and is predicted to grow to around USD 5.92 billion by 2030 with a compound annual growth rate (CAGR) of roughly 11.81% between 2022 and 2030.
The global smart grid analytics market is expected to be documented by North America following the trend in the previous years where the regional market was valued at over USD 1200 million. This growth can be attributed to the advanced economies of the US and Canada and growing investments in smarter management of energy consumption.
The global smart grid analytics market is home to players including EMC Corporation, SAP SE, Accenture PLC, Oracle Corporation, SAS Institute, Inc., Capgemini SE, Siemens AG, and IBM Corporation.
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