PUBLISHER: Global Industry Analysts, Inc. | PRODUCT CODE: 1106090
PUBLISHER: Global Industry Analysts, Inc. | PRODUCT CODE: 1106090
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Global Smart Meters Market to Reach $32 Billion by 2027
In the changed post COVID-19 business landscape, global market for Smart Meters estimated at US$20 Billion in the year 2020, is projected to reach a revised size of US$32 Billion by 2027, growing at a CAGR of 7.2% over the analysis period 2020-2027. Water Meters, one of the segments analyzed in the report, is projected to record more than 8% CAGR to reach more than US$5 Billion by the end of the analysis period.
The U.S. Market is Estimated at $3.4 Billion, While China is Forecast to Grow at 8.3% CAGRSmart Meters market in the U.S. is estimated at US$3.4 Billion in the year 2020 and is forecast to exceed US$5.0 Billion by the end of the analysis period. China is forecast to reach a projected market size of more than US$11 Billion by the year 2027 trailing a CAGR of 8.3 % over the analysis period 2020-2027. Among the other noteworthy geographic markets are Europe and Japan, each forecast to grow at 5.6% and 4.8% respectively over the analysis period.
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