Home > Energy & Power > Electrical Equipment > Meters > Smart Electric Meter Market
Smart Electric Meter Market Size
- Report ID: GMI1503
- Published Date: Jan 2022
- Report Format: PDF
Smart Electric Meter Market Size
Smart Electric Meter Market size exceeded USD 21.6 billion in 2023 and is anticipated to witness a growth rate of over 6.2% during 2024 to 2032. Increasing power demand across the globe has fueled a requirement for effective monitoring of the power consumption to reduce the electricity bills, which in turn will propel the deployment of smart metering systems.
Introduction of favorable schemes and policies to adopt smart meters in place of conventional meters to monitor and control the power consumption will complement the industry growth. Moreover, burgeoning investments by private and public players toward the deployment of smart grids will further stimulate the market demand.
| Report Attribute | Details |
|---|---|
| Base Year: | 2023 |
| Smart Electric Meter Market Size in 2023: | USD 21.6 Billion |
| Forecast Period: | 2024 - 2032 |
| Forecast Period 2024 - 2032 CAGR: | 6.2% |
| 2032 Value Projection: | USD 41.5 Billion |
| Historical Data for: | 2019 - 2023 |
| No. of Pages: | 550 |
| Tables, Charts & Figures: | 1,158 |
| Segments covered: | Application, Technology, Phase |
| Growth Drivers: |
|
| Pitfalls & Challenges: |
|
Frequently Asked Questions (FAQ) :
Smart Electric Meter Market Scope
