Smart Grid Analytics Global Market to Reach $12.1 Billion by 2030

The global market for Smart Grid Analytics estimated at US$4.8 Billion in the year 2022, is projected to reach a revised size of US$12.1 Billion by 2030, growing at a CAGR of 12.1% over the analysis period 2022-2030.

Asset Management, one of the segments analyzed in the report, is projected to record a 10.7% CAGR and reach US$3.7 Billion by the end of the analysis period.

Taking into account the ongoing post pandemic recovery, growth in the AMI Analytics segment is readjusted to a revised 13.9% CAGR for the next 8-year period.

The U.S. Market is Estimated at $1.4 Billion, While China is Forecast to Grow at 11.3% CAGR

The Smart Grid Analytics market in the U.S. is estimated at US$1.4 Billion in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$2.1 Billion by the year 2030 trailing a CAGR of 11.3% over the analysis period 2022 to 2030.

Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 11% and 10.4% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 8.7% CAGR.