Smart Meters Market is Projected to
Rise by US$ 12500 Million
Forecast to 2022
New report on: "Global Smart Meters Market" examines the performance of
the Smart Meters market 2019. It encloses an in-depth Research of the
market state and the competitive landscape globally. Also the report
analyzes the potential of global Smart Meters market in the present and the
future prospects from various angles in detail.
This Report covers the Major Players data, including: shipment, revenue, gross profit, interview
record, business distribution etc., these data help the consumer know about the competitors’ better.
This report also covers all the regions and countries of the world, which shows a regional
development status, including market size.
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Smart Meters market size to maintain the average annual growth rate of 0.0701459845944 from
5700.0 million $ in 2014 to 8000.0 million $ in 2018, market analysts believe that in the next few
years, Smart Meters market size will be further expanded, we expect that by 2023, The market size
of the Smart Meters will reach 12500.0 million $.
The large scale deployment of smart grid and the utility companies focusing on enhancing
distribution efficiency are some of factors boosting the market growth. High installation cost of
smart meters borne by end-users is a factor hampering the growth of the smart meters. Various grid
operators trying to effectively managing the demand for power offer ample growth opportunities for
the smart meters to grow.
Creating awareness among consumers along with bringing interoperability is a key market challenge
that needs to overcome by key market players to gain a stronghold in the market. Furthermore,
improper installation of smart meters is a major market challenge.