PUBLISHER: Grand View Research | PRODUCT CODE: 1554066
PUBLISHER: Grand View Research | PRODUCT CODE: 1554066
The global electrical grid market size was estimated at USD 268.27 billion in 2023 and is estimated to grow at a CAGR of 5.6% from 2024 to 2030. Increasing demand for electricity globally, supported by rapid urbanization, and industrialization is expected to drive the market over the coming years.
With the rising population and expansion of economies, the need for reliable and efficient electricity supply is expected to grow, pushing investments and developments in electrical grid infrastructure to ensure stability and meet the growing consumption demands. For instance, as reported by the Observer Research Foundation, India's population is likely to grow from 1.4 billion in 2023 to 2 billion by 2050.
Global Electrical Grid Market Report Segmentation
This report forecasts revenue growth at global, country, and regional levels and provides an analysis of the latest trends in each of the sub-segments from 2018 to 2030. For this study, Grand View Research has segmented the global electrical grid market report based on source, application, and region.