This global smart electricity meter market research provides insights into the latest developments in the market, including forecasts on unit shipment and associated revenue for all major regions. The global smart meter market was affected in 2020 and 2021 by pandemic-induced delays and disruptions and supply chain bottlenecks brought on by a global shortage in electronic and technical components. However, the market is expected to recover and grow beyond pre-COVID levels by 2023, with accelerated rollouts of smart meter implementation projects underway in several regions across the globe. China occupies a leading position in smart meter implementation, accounting for more than half of the global market as it proceeds with its eight-yearly replacement cycle. Various pockets of Europe have already launched large-scale pilots and begun installing second-generation smart meters.
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