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According to a new research report by the market research and strategy consulting firm, Global Market Insights, Inc, the Smart Grid Market will cross USD 70 Billion by 2024. In the recent years, smart grid market has earned substantial revenue due to the increasing awareness about the incredible benefits provided by these products. In addition, this vertical has also received quite some impetus on account of the rising requirement of power grids that can accommodate and support increasing numbers of electronic devices in each household. The importance of smart grids has been recently upheld by the city council of Sault Ste. Marie in Canada when a multi-million-dollar implementation of smart grid technology was cleared.

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Smart Grid Market to witness 11% CAGR till 2024

January 27, 2019

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