Global Market Size, Forecast, and Trend Highlights Over 2025-2037
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. In the year 2025, the industry size of smart electricity meters is assessed at USD 14.14 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.
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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.
