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Smart Grid market will reach $118.1 billion by 2019

19 May 2015

Transparency Market Research has released a report titled, Smart Grid Market, focusing on global industry analysis, advanced metering infrastructure and growth to name a few.

The report states that the global smart grid market will reach $118.1 billion in 2019, growing at a CAGR of 18.2% from 2013.

These figures demonstrate the potential that the smart grid market has, and as the global demand for power continues to rise, the grid will follow suit.

The global smart grid market is driven by this increasing demand for power as well as several government initiatives and increased investment.