Smart Electricity Meters Industry - Regional Synopsis
Geographically, the smart electricity meters market is segmented into North America, Latin America, Europe, Asia Pacific, and the Middle East & Africa region. Asia Pacific industry is anticipated to hold largest revenue share by 2037, due to rise in capital investments in smart grid technologies and smart cities.The increase in the number of new data centers and a surge in commercial institutions are also estimated to drive the region's smart electricity meters market. Along with this, China accounts for the largest share due to large-scale rollout plans. The country also accounts for the highest installed generation and distribution capacity in the Asia Pacific, resulting in an increased demand for smart electricity meters.
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Frequently Asked Questions (FAQ)
In the year 2025, the industry size of smart electricity meters is assessed at USD 14.14 billion.
Smart Electricity Meters Market size was over USD 13.29 billion in 2024 and is projected to reach USD 34.03 billion by 2037, witnessing around 7.5% CAGR during the forecast period i.e., between 2025-2037.
Asia Pacific industry is anticipated to hold largest revenue share by 2037, due to rise in capital investments in smart grid technologies and smart cities.
The major players in the market are ABB, Itron Inc., GENERAL ELECTRIC, and Wasion Group, among others.
