Smart Meters Market Revenue Share, Key Growth Trends, Major Players, and Forecast, 2030
Smart Meters Market Overview: Smart Meters Market is projected to be worth USD 31,181.3 million by 2027, registering a CAGR of 8.15% during the forecast period (2021 - 2027). Attractive Features that Spur Market Growth As per the latest MRFR report, there are numerous factors that are propelling the global smart meters market share. Increasing Government Investments to Boost Market Growth The increasing government investments for supporting smart meter installation in end use sectors like commercial, residential, and industrial are likely to boost the smart meters market revenue over the forecast period. Opportunities Communication Network Infrastructure Development to offer Robust Opportunities The continuous and ongoing communication network infrastructure development contributes towards the manufacturing of advanced and innovative level of smart meters. Besides, the availability of network infrastructure like 4G, 5G, radio frequency, and others propels the dev