Smart Electricity Meter Revenue to Reach $7 Billion Globally in 2021, IHS Markit Says

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LONDON
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Lee Graham, +1 303 264 9404
lee.graham@ihsmarkit.com

LONDON (July 28, 2016) – As the global market continues to move towards more advanced technologies, electricity meter manufacturers shipped more than 100 million smart meters globally in 2015, generating more than $4 billion in hardware revenue. The market is estimated to have grown by 4 percent over 2014, and is forecast to reach almost $7 billion annually by 2021, according to IHS Markit (Nasdaq: INFO), a world leader in critical information, analytics and solutions.

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