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Global smart electric meter market to nearly double by 2035, driven by smart grid upgrades and tech advances.

Market News
19 Jun 2026
Sns Insider
View Source
Bullish
pluang ai news

The global smart electric meter market, valued at USD 27.24 billion in 2025, is projected to grow at a CAGR of 8.27% to reach USD 59.22 billion by 2035. Growth is fueled by investments in smart grid modernization, utility digitization, and advanced metering infrastructure deployment. Key trends include rising adoption of single-phase meters in residential areas, growth in prepaid smart meters, and expanding use of IoT communication technologies like NB-IoT. The Asia Pacific region leads revenue generation and growth, supported by urbanization and electrification programs. Major companies like Itron and Landis+Gyr are innovating with AI-powered and cloud-connected meter solutions, signaling ongoing market evolution.

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