Question 1

Mention the key players involved in smart meters industry?

Accepted Answer

ABB, AEM, Aclara Technologies LLC, ARAD Group, B Meters Metering Solutions, Badger Meter, Inc., Chint Group, General Electric, and Honeywell International Inc among others.

Question 2

How big is the Asia Pacific smart meters industry?

Accepted Answer

Asia Pacific smart meters market is anticipated to surpass USD 43.5 billion by 2032, on account of growing rapid urbanization, leading to the development of numerous smart city projects.

Question 3

What is the size of the smart meters industry?

Accepted Answer

The market size of smart meters was worth over USD 24.5 billion in 2023 and will grow at 15.1% CAGR through 2032, on account of rising number of government initiatives and regulatory mandates.

Question 4

Why is the demand for residential smart meters growing?

Accepted Answer

The residential segment in the smart meters market is expected to cross USD 40 billion by 2032, as many governments worldwide are implementing policies and regulations to promote the adoption of smart meters.

Smart Meters Market Size - By Application (Residential, Commercial, Utility), By Technology (AMI, AMR), By Product (Smart Gas Meter, Smart Water Meter, Smart Electric Meter) & Forecast, & Forecast, 2024 – 2032

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