Laboratory & Healthcare Products & Services · Direct
Monitoring · monthlyProcurement Category Intelligence
Smart Meters
Overview
Market size
$23.5B
global, USD
CAGR
8.2%
base to forecast
Buyer power
-2.4
supplier-favoured
Suppliers
7
tracked players
Signals
12
monitored
Market outlook
2031$34.9B
What changed
Demand by region
Asia Pacific demand48%
Europe demand22%
North America demand18%
Rest of world demand12%
share of global demandtotal 100%
Cost drivers
Semiconductors and electronic components35%
Communication modules and cellular chipsets20%
Structural enclosure and mechanical assembly15%
Software licensing and firmware integration15%
Assembly labor and quality testing15%
share of delivered cost (analyst estimate)