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Global Smart Grid Market: Industry Analysis and Forecast (2021-2027) The Global Smart Grid market was valued at US $36.19 Bn. in 2020, and it is expected to reach US $123.02 Bn. by 2027 with a CAGR of 19.1% during the forecast period. A smart grid is an electric grid that consists of a network of substations, transmission lines, and transformers. Smart grid includes a variety of energy measures, like smart appliances, smart grids, renewable energy resources, and energy-efficient resources.
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