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Smart Meters Market Size
- Report ID: GMI1180
- Published Date: Apr 2022
- Report Format: PDF
Smart Meters Market Size
Smart Meters Market size exceeded USD 28.8 billion in 2023 and is likely to register over 10.5% CAGR during 2024 to 2032. Ongoing replacement of traditional meters with advanced monitoring systems in line with increasing technological advancements will foster the industry dynamics. Paradigm shift towards the development of smart grid networks coupled with ongoing government regulations and directives for intelligent meters deployment will further drive the market growth.
Growing concern towards energy conservation along with the rising requirement of efficient and precise metering solution will fuel the business outlook. In addition, increasing government investments toward roll out projects and continuous replacement of traditional meters with advanced metering systems will accelerate the industry trend.
| Report Attribute | Details |
|---|---|
| Base Year: | 2023 |
| Smart Meters Market Size in 2023: | USD 28.8 Billion |
| Forecast Period: | 2024 - 2032 |
| Forecast Period 2024 - 2032 CAGR: | 10.5% |
| 2032 Value Projection: | USD 71.9 Billion |
| Historical Data for: | 2019 - 2023 |
| No. of Pages: | 410 |
| Tables, Charts & Figures: | 443 |
| Segments covered: | Application, Technology, Product |
| Growth Drivers: |
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| Pitfalls & Challenges: |
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Frequently Asked Questions (FAQ) :
Smart Meters Market Scope
