Smart Electricity Meters Market size was valued at USD 12.36 billion in 2023 and is set to cross USD 31.65 billion by the end of 2036, expanding at more than 7.5% CAGR during the forecast period i.e., between 2024-2036. In the year 2024, the industry size of smart electricity meters is estimated at USD 13.1 billion.
The market is set to witness growth during the forecasted period due to the rising demand for efficient data regulatory systems coupled with favourable government policies for smart meter rollout and improved cost savings. The growth of the market can also be attributed to factors such as increasing emphasis on renewable energy sources globally.
Author Credits: Abhishek Verma
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