- Feb 21, 2022 8:38 pm GMT
Now is a time when utilities are investing in smart grid technology. That deduction comes from a report by Emergen Research, which projects that US smart grid revenue will increase from $29.80 billion in 2019 to $122.97 billion in 2027, a Compound Annual Growrth Rate of 20.5%. Growing use of renewables and the desire to lower carbon emissions highlight spending initiatives. Smart Grid distribution Management, the largest market share with 41.0% in 2019, optimizes renewal energy distribution and minimizes for customers’ electricity bills.
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