Global Smart Electricity Meters Market Size & Outlook
Global smart electricity meters market, 2017-2030 (US$M)
Related Markets
Global smart electricity meters market highlights
- The global smart electricity meters market generated a revenue of USD 13,068.9 million in 2023 and is expected to reach USD 21,808.9 million by 2030.
- The market is expected to grow at a CAGR (2024 - 2030) of 7.6% by 2030.
- In terms of segment, residential accounted for a revenue of USD 11,643.5 million in 2023.
- Industrial is the most lucrative end-use segment registering the fastest growth during the forecast period.
- In terms of region, Asia Pacific was the largest revenue generating market in 2023.
- Country-wise, France is expected to register the highest CAGR from 2024 to 2030.
Global data book summary
| Market revenue in 2023 | USD 13,068.9 million |
| Market revenue in 2030 | USD 21,808.9 million |
| Growth rate | 7.6% (CAGR from 2023 to 2030) |
| Largest segment | Residential |
| Fastest growing segment | Industrial |
| Historical data covered | 2017 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Residential, Commercial, Industrial |
Other key industry trends
- In terms of revenue, the North America accounted for 14.5% of the global smart electricity meters market in 2023.
- By country, the China is projected to lead the global market in terms of revenue in 2030.
- By country, France is the fastest growing regional market and is projected to reach USD 1,213.1 million by 2030.
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Smart Electricity Meters Market Scope
Smart Electricity Meters Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Global smart electricity meters market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to smart electricity meters market will help companies and investors design strategic landscapes.
Residential was the largest segment with a revenue share of 89.09% in 2023. Horizon Databook has segmented the Global smart electricity meters market based on residential, commercial, industrial covering the revenue growth of each sub-segment from 2017 to 2030.
- Global Smart Electricity Meters End-Use Outlook (Revenue, USD Million, 2017-2030)
- Residential
- Commercial
- Industrial
- Global Smart Electricity Meters Phase Outlook (Revenue, USD Million, 2017-2030)
- Single Phase
- Three Phase
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Target buyers of Global smart electricity meters market databook
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Our clientele includes a mix of smart electricity meters market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of global-level data and insights on the Global smart electricity meters market , including forecasts for subscribers. This global databook contains high-level insights into Global smart electricity meters market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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Global smart electricity meters market size, by regions, 2017-2030 (US$M)
Top 10 countries: Smart electricity meters market size, 2023 (US$M)
Global smart electricity meters market share, by end-use, 2023 & 2030 (%, US$M)
Smart electricity meters market: Opportunity assessment by country
Global smart electricity meters market, by region, 2023 (US$M)
Related regional statistics
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