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This report delivers a comprehensive overview of the crucial elements of the market and elements such as drivers, current trends of the past and present times, supervisory scenario and technological growth. It tracks the recent innovation and major events in the market. A conclusive study about the growth of the market for forthcoming years is carried out in this research report. the research methodology of the market involves both primary further secondary research report. it covers the key regions including North America, South America, Middle east and Africa, Asia and Pacific
The research report is compiled by subject matter experts and experienced market analysts which makes it highly authentic and reliable. Readers are provided with a deep analysis of historical and future market scenarios to get a sound understanding of the market competition and other important aspects. In the end, this research report offers exhausitive research on market dynamics, key segme
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Energy Wastage is Taking its Toll on the Environment. Smart Meters Being the Need of the Hour Will Reach $16.4 Billion by 2027
The global market for Smart Electricity Meters is expected to reach US$ 16.4 billion by the year 2027, trailing a post COVID-19 CAGR of 6.7% over the analysis period 2020 through 2027.
Smart electricity meters are poised to witness robust adoption given their role in energy conservation & reducing wastages.
Among the many benefits of smart meters are monitoring of electric system in real time & provision of responsive data for balancing electric loads; reduction of waste by forecasting energy demand more efficiently. A smart meter is an electronic device capable of monitoring usage of utility services, and share the data with utility providers. Using two way communication, smart meter makes records data at the usage point and transmits the information gathered back to the utility