Home › News Updates › Smart Energy International cites MarketsandMarkets in their Article on Smart Meters

Smart Energy International cited MarketsandMarkets in their article on smart meters market, focused on the Asia Pacific region.

The recent article by Smart Energy International talks about the smart meters market and it’s growth in the Asia Pacific region, which is expected to hold a lion’s share of the global market by 2025. The region is expected to witness the highest number of smart meters installation as well as generate the highest revenue ahead of other regions, owing to smart meter rollouts in China and India, which are the world’s most populous countries. According to MarketsandMarkets, the global smart meters market size is expected to grow from estimated value of USD 20.7 billion in 2020 to USD 28.6 billion by 2025, growing at a CAGR of 6.7%. This growth is majorly attributed to the government mandate and support policies for smart meter installation across end-use sectors such as residential, commercial, and industrial.

For more details, please visit:

https://www.smart-energy.com/industry-sectors/smart-meters/apac-to-hold-lions-share-of-smart-meters-market-through-2025/

Smart Meters Market by Type (Electric, Gas, Water), Communication Type (RF, PLC, Cellular), Component (Hardware, Software), Technology (AMR, AMI), End-user (Residential, Commercial, Industrial), and Region - Global Forecast to 2025

Press Release

https://www.marketsandmarkets.com/PressReleases/smart-meter.asp

Share this story