The Smart Grid refers to an electrical grid with advanced automation, communication, IT, and IOT systems that can control the power flow or curtail the load to match generation and monitor power flows from points of generation to points of consumption in real-time or near real-time. It can be attained by implementing efficient transmission and distribution systems, system operations, consumer integration, as well as renewable integration. For more information - https://straitsresearch.com/report/smart-grids-market