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PLC Smart Electric Meter Market Size
- Report ID: GMI12077
- Published Date: Oct 2024
- Report Format: PDF
PLC Smart Electric Meter Market Size
The global PLC smart electric meter market size was valued at USD 4.1 billion in 2023 and is estimated to grow at a CAGR 10.6% from 2024 to 2032, due to the increasing demand for efficient energy management and rising government initiatives for smart grid deployment. With the ability to communicate over existing power lines, PLC smart meters offer cost-effective, reliable solutions, particularly in urban areas with developed infrastructure. This technology supports real-time monitoring, energy theft prevention, and dynamic billing, which appeals to both utility providers and consumers.
Several regions, especially in Europe and Asia Pacific, are investing heavily in PLC smart meters due to regulatory mandates aimed at reducing carbon emissions and improving energy efficiency. Additionally, advancements in data analytics and IoT integration are enhancing the functionality of PLC meters, making them essential for modernized grid networks. As a result, the market is projected to grow substantially, fuelled by technological advancements, favourable policies, and the global shift toward sustainable energy solutions.
| Report Attribute | Details |
|---|---|
| Base Year: | 2023 |
| PLC Smart Electric Meter Market Size in 2023: | USD 4.1 Billion |
| Forecast Period: | 2024 – 2032 |
| Forecast Period 2024 – 2032 CAGR: | 10.6% |
| 2024 – 2032 Value Projection: | USD 10.4 Billion |
| Historical Data for: | 2021-2023 |
| No. of Pages: | 100 |
| Tables, Charts & Figures: | 20 |
| Segments covered: | Application, Phase |
| Growth Drivers: |
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PLC Smart Electric Meter Market Scope
