The global Smart Electricity Meters market is experiencing significant growth and is expected to reach a size of approximately $20.5 billion by 2030, with a compound annual growth rate (CAGR) of 7.6% from 2022 to 2030. This growth is driven by various factors, including the increasing adoption of smart meters for electricity consumption measurement. Here are some key insights from the report:
Market Segmentation:
- Single-Phase smart meters are expected to record a CAGR of 7% and reach a market size of $14.6 billion by 2030.
- Three-Phase smart meters are projected to experience a higher CAGR of 9% over the same period.
CyanConnode Holdings plc (LON:CYAN) is a world leader in the design and development of Narrowband RF mesh networks that enable Omni Internet of Things (IoT) communications.