Smart Energy Meters Markets is Booming

According to market research firm Markets and Market reports, the global smart meter market is expected to increase from $ 12.79 billion in 2017 (about $ 88.05 billion) to $ 19.98 billion in 2022 (about RMB137.55 billion), during which the compound annual growth rate Up to 9.34%.

The global smart meter market is witnessing an important growth, driven by government policies, energy efficiency, increased deployment of smart grids, and public service units that are eager to increase delivery efficiency.

The report points out that residential applications are the largest market for smart meters by application. By technology, automatic meter reading will dominate the global market. By region, North America is the leading smart meter market.

The report mentioned in the global smart meter market, leading suppliers, including Iraq (US), Camrupp (Denmark), Holley Technology (China), Honeywell International (USA), Toshiba (Japan). Leading players are working to broaden the markets of developing economies and are adopting strategies to increase market share.
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