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› Forums › General › News (General) › 1 billion installed smart electricity meters in 2025
Tagged: MarketRes_G16
#News(General) [ via IoTForIndiaGroup ]
China, India, Japan and South Korea will grow at a compound annual growth rate of 7.9 percent from 613.4 million in 2018 to reach 965.9 million in 2024.
Over the next six years, smart meter penetration among electricity customers in the region is projected to increase from around 67 percent in 2018 to 94 percent by the end of 2024.
At this pace, Berg Insight anticipates the markets will surpass 1 billion installed smart electricity meters and reach a penetration close to 100 percent in 2025.