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Join date: Jul 2, 2021

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The Smart Electric Meter Market is projected to reach USD 11.33 billion by 2023, from an estimated USD 9.06 billion in 2017, at a CAGR of 4.11%. The market is set to witness growth due to the increased need for efficient data monitoring systems coupled with favorable government policies for smart meter rollout, improved cost savings owing to the use of smart meters making it a definitive case for adoption, and increasing emphasis on renewable energy sources globally. The residential segment of the global smart electric meter market is expected to hold the largest market share and grow at the second-fastest pace during the forecast period.

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