The global Smart Grid Market in terms of revenue was estimated to be worth $71.8 billion in 2024 and is poised to reach $185.0 billion by 2029, growing at a CAGR of 20.8% from 2024 to 2029 according to a new report by MarketsandMarkets™. The demand for smart grid is on the rise due to various factors. Expansion in industries like manufacturing, automotive, and construction contributes to increased adoption of smart grid because of their variable energy needs. Additionally, population growth leads to higher levels of energy requirement from increased energy consumption, thereby driving the need for smart grid. Financial uncertainties are also a driving factor, as companies seek protection against potential losses arising from unforeseen events