Smart metering to generate $60bn in vendor revenue by 2027

smart metering research 2023 2027

Hardware, connectivity and service revenue from future and in-use smart meter deployments will exceed $60bn in 2027, up from $41bn in 2023, a news study predicts. According to the analyst Juniper Research, this 44 per cent growth reflects how smart meters are becoming critical to increasing the efficiency of energy grids via analytics and are central to lowering costs to customers during the energy price crisis. A smart meter records energy usage and leverages onboard connectivity to upload this data to energy suppliers. Smart grid opportunities By 2027, the report…

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