Growth Projections
Technavio forecasts an impressive USD 7.26 billion growth in the smart energy market from 2023 to 2028, with a robust CAGR of 19.1%.
Market Dynamics and Challenges
Despite smart grid technology adoption driving growth, challenges such as solar energy intermittency pose obstacles to the smart energy market.
Key Players and Segmentation
Explore Technavio’s detailed report on key players, including ABB Ltd., Cisco Systems Inc., Delta Electronics Inc., and segmentation insights covering applications, end-users, and geography.
Regional Dominance and Future Trends
North America takes the lead with a 34% market share, fueled by government norms, smart city evolution, infrastructure development, and substantial US investments in smart energy solutions. The report provides a comprehensive analysis of historic market size, anticipated CAGR, growth factors, and future trends.
Source：prnewswire.com
