Global Market Size of Smart Meters Market – 10 Year Market Forecast

Energy & Power

Smart Meters Market Size Forecast 2022-2029

The market value of the global smart meters market is estimated to be USD 27.80 billion in 2022 and USD 41.28 billion by 2029 at a CAGR of 6%. The cumulative market size value of the smart meters market is USD 274 billion during the forecast period of 2022 to 2029. APAC is the largest market for smart meters and is expected to account for the majority of the market share. Cellular communication is estimated to be the most widely used communication type representing a relatively larger share of the market. The residential sector is the leading end-user segment of the smart meters market with the highest growth rate in the segment.

Frequently Asked Questions(FAQ)

• What is Global Market Database?

• Global market database is a cloud based business intelligence tool that can be used by decision makers to study relevant markets.
• What is the market size for smart meters in 2029?

• The market size for smart meters in 2029 is USD 41.28 billion.
• What is the cumulative market size for smart meters?

• The cumulative market size for the smart meters market is USD 274 billion.
• Which is the largest communication type segment in the market?

• The largest communication type segment in the market is cellular.
• Which end-user sector is expected to drive the market over the forecast period?

• The residential sector is the end-user segment expected to drive the market over the forecast period.

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