Global Smart Grid Market Research and Analysis 2015-2022

The global smart grid market is estimated to grow with the CAGR of 27.2% during the period 2017-2022. The major factors that are augmenting the growth of the smart grid market are estimated to be supportive government initiatives and regulations and increasing demand of advanced metering systems across the globe. Furthermore, excellent inherent operational efficiency, improved grid reliability and efficient outage response and rising demand for integration of renewable energy sources are also estimated to be the major factors that are augmenting the demand of the market.