Smart Electricity Meter Market Size, Share, Analysis, Global Industry Report till 2020-2027

Gmi Research04 Jul, 2022Business

Increasing adoption of IoT devices, rising incidences of energy theft, and emerging need for effective data monitoring systems are the major factors driving the smart electricity meter market. Government across the world have enforced various initiatives to encourage the adoption of smart electricity meters to minimize carbon footprint. Growing use of smart electricity meters in the residential industry to automatically measure the energy consumed by consumers and increasing investment in smart grids will further propel the Smart Electricity Meter Market share.