The global smart energy market size was valued at $124.0 billion in 2019, and is projected to reach $253.1 billion by 2027, growing at a CAGR of 9.6% from 2020 to 2027. Smart energy refers to the use of advanced technologies, data analytics, and intelligent systems to optimize the generation, distribution, consumption, and management of energy resources. The goal of smart energy is to create more efficient, sustainable, and reliable energy systems that benefit consumers, businesses, and the environment.
Asia-Pacific is expected to witness highest smart energy market growth. This is attributed to growing application of smart energy devices in China, India, and Japan. Furthermore, favorable government policies in these countries regarding subsidies and rebates, and mandatory installation of smart meters will positively impact the market growth.
CyanConnode Holdings plc (LON:CYAN) is a world leader in the design and development of Narrowband RF mesh networks that enable Omni Internet of Things (IoT) communications.
