Global Smart Electric Meter Market to Reach $11.33 Billion by 2023 - Increased Investment in Smart Grid Projects in Key Regions Such as Europe and North America
The increased need for efficient data monitoring systems, coupled with favourable government policies for a smart meter rollout is driving the market for smart electric meters.
- The increased need for efficient data monitoring systems, coupled with favourable government policies for a smart meter rollout is driving the market for smart electric meters.
- Other factors include improved cost savings, increased investment in smart grid projects in Europe and North America, and increased emphasis on renewable energy sources.
- The major factor restraining the growth of the smart electric meter market are the delay in smart meter rollout projects, and high initial investment acting as a restraint for growth in developing economies.
- In this report, the smart electric meter market has been analyzed with respect to six regions, namely, Asia Pacific, North America, Europe, the Middle East, Latin America, and Africa.