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Microcontroller Market is Projected to Reach USD 20 Billion by 2027


Microcontroller Market is Projected to Reach USD 20 Billion by 2027
According to a recent study from market research firm Global Market Insights, The global microcontroller market has gained considerable traction over the years due to the widespread use of these components in smart building automation systems. Automation systems like HVAC control, fire protection, and lighting systems, and security and surveillance technologies, are all integrated with microcontroller units. 
Certain benefits of using microcontrollers include energy efficiency, stable output readings, and high precision input and output peripherals, all of which is integral for 24×7 monitoring and control applications. The growing adoption of advanced IoT technology in smart buildings has driven the demand for the product.  ....

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Worldwide Smart Meter Industry to 2027 - Developing Smart City Projects Present Opportunities - Press Release


Worldwide Smart Meter Industry to 2027 - Developing Smart City Projects Present Opportunities
ResearchAndMarkets.com s offering.
The global smart meter market size was $21. 13 billion in 2019 and is projected to reach $39. 20 billion by 2027, to register a CAGR of 8. 80% during the forecast period. A smart meter is a digital meter that replaces old analog meters, which are used in homes to record electrical usage. These digital meters can transmit energy consumption information to the utility in frequent intervals, and can monitor consumption more precisely. Smart meter uses wireless networks similar to mobile phone networks, to send data directly to particular energy supplier to know about how much gas and electricity is being used. ....

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