Global Smart Meter Market Expected to Reach $25.3 Billion by 2030, with a Compound Annual Growth Rate of 7.7%

According to the report "Global Smart Meter Market" and the related data analysis, the following is an analysis of the global smart meter market:

After COVID-19, the business landscape has changed, and the global smart meter market is estimated to reach $14 billion in 2022, with a revised estimate of $25.3 billion by 2030, representing a compound annual growth rate of 7.7% during the analysis period of 2022-2030.

The report highlights that the single-phase market is one of the analyzed segments, with a projected compound annual growth rate of 7.1%, reaching $17.9 billion by the end of the analysis period. Considering the sustained recovery post-pandemic, the growth of the three-phase segment is expected to be revised to a compound annual growth rate of 9.1% over the next 8 years.

According to the report, the US market is estimated to be $1.8 billion, while the Chinese market is expected to grow at a compound annual growth rate of 8.7% until 2022, with a market size of $1.8 billion. China, as the world's second-largest economy, is projected to reach a market size of $7.6 billion by 2030, with a compound annual growth rate of 8.7% during the analysis period of 2022-2030. Other notable geographical markets include Japan and Canada, with growth rates estimated at 5.1% and 5.9% respectively from 2022 to 2030. In Europe, the UK is expected to grow at a compound annual growth rate of approximately 5.6%.

Here are selected competitors (16 featured) from the report:

Siemens AG

Schneider Electric SE

Itron, Inc.

Trilliant Holdings, Inc.

Advanced Electronics Company

Iskraemeco dd

KP Electronic System Ltd.

Korea Electric Power Corporation (KEPCO)

ZOHO Corporation - WebNMS