![]() Similarly, the Smart America Organization estimates that, government of United States has invested nearly $41 trillion with an aim to upgrade and modernize smart-grid infrastructure. Further, in 2015, the Chinese government has committed approximately $101 billion to develop and enhance smart grid technology. ![]() ![]() As per the China Electricity Council by 2020, the government of China has planned to build three major transmission lines (each of 20 GW of transmission capacity). As, smart grids and meters helps to assist in compensating for looses by controlling the consumption of energy of various electronic devices. The growth of the smart electric meter market is attributed owing to the increase in investments to support smart grid technologies. Furthermore, increasing adoption of smart grid technologies is expected to create lucrative growth opportunities for the global Smart Electric Meter market over the forecast period of 2019-2026. Since, it plays a crucial role in smart electric meter and can be deployed to meet regular demand for energy and power. ![]() The emergence of efficient data monitoring systems is considered as a key trend for the smart electric meter market over the forecast period. Global smart electric meter market is valued approximately at USD 9.3 billion in 2018 is anticipated to grow with a healthy growth rate of 4.11 % over the forecast period 2019-2026. ![]()
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