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Smart Electric Meter Market Is Likely To See A Massive Surge In Demand And Growth In The Forecast Period 2023-2032
Smart Electric Meter Market
The Business Research Company's Smart Electric Meter Global Market Report 2023 identifies Increasing power demand across the globe is expected to drive the smart electric meter market. Rapid growth in socio-economic factors such as population, urbanization, net capital income, and industrial activities in both developed and developing economies have contributed to a rapid surge in demand for power across the globe. Increasing demand for power is expected to boost the utilization of smart meters, as government and utility service providers across the globe are investing in advanced metering infrastructure and technologies to attain error-free automated utility operations.
The global smart electric meter market size grew from $20.32 billion in 2022 to $22.2 billion in 2023 at a compound annual growth rate (CAGR) of 9.2%. The smart electric meter market size is expected to grow to $30.38 billion in 2027 at a CAGR of 8.2%.
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Technological advancement is a key trend gaining popularity in the smart electric meter market. The companies operating in the smart electric meters sector are focusing on developing innovative products with advanced communication technologies such as cellular IoT, RF-mesh-based meter technology and others to increase the operational capabilities and efficiency.
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https://www.thebusinessresearchcompany.com/report/smart-electric-meter-global-market-report
The smart electric meter market is segmented -
• By Type: Advanced Metering Infrastructure, Auto Meter Reading
• By Phase: Single, Three
• By Communication Technology: Power Line Communication, Radio Frequency, Cellular
• By Application: Residential, Commercial, Utility
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Asia-Pacific was the largest region in the smart electric meter market.
The Business Research Company's "Global Smart Electric Meter Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Smart Electric Meter Market Include:
1. Smart Electric Meter Market Executive Summary
2. Smart Electric Meter Market Segments
3. Smart Electric Meter Market Size And Smart Electric Meter Market Growth Rate
4. Key Smart Electric Meter Market Trends
5. Major Smart Electric Meter Market Drivers
……
25. Key Mergers And Acquisitions In The Smart Electric Meter Market
26. Top Smart Electric Meter Companies
27. Smart Electric Meter Market Opportunities And Strategies
28. Smart Electric Meter Market, Conclusions And Recommendations
29. Appendix
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