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Juniper Research has found cost savings from smart grid deployments will exceed $125 billion globally in 2027, increasing from just over $33 billion in 2022. This 279% growth will be driven by rising energy prices, with smart grid technologies playing a critical role in increasing network efficiency and optimizing resource management. The Smart Grid market report identified abilities of AI-based analytics as crucial to maximizing benefits of new renewable energy sources by actively balancing load and optimizing energy transmission.
Source: https://www.juniperresearch.com/researchstore/healthcare-government/smart-grid-research-report