Smart Grid Market Summary 2022-2027 Infographic

Smart Grid Market Summary 2022-2027

Smart grid deployments are set to grow significantly over the next five years. But what level of cost savings can energy network operators expect for their investment? And what can smart grid vendors do to maximise the environmental benefits of smart grids?

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"A new study from Juniper Research has found cost savings from smart grid deployments will exceed $125 billion globally in 2027; increasing from just over $33 billion in 2022. This 279% growth will be driven by rising energy prices, with smart grid technologies playing a critical role in increasing network efficiency and optimising resource management."