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5G Smart Grid Market to Surge at 63.55% CAGR from 2023 to 2028
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The 5G smart grid market is set to grow at a remarkable CAGR of 63.55% from 2023 to 2028, driven by the rising demand for energy and the need to enhance power grid efficiency. Investments in smart grids from the digital infrastructure sector are fueling this growth. China is expected to experience a higher CAGR during the forecasted period.
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