According to the report title “Global Smart Meter Market Outlook, 2027”, published by Actual Market Research, the Smart Meter market is to reach approx. $20 Billion in the year 2021. It is expected to expand at a compound annual growth rate (CAGR) of 8.7% from 2022 to 2027. Many countries’ governments taking a step forward and making smart meter mandates and providing incentives for the installation of the smart meters which drives robust growth in future. Most of the developed countries like the United States, Germany, the United Kingdom, Canada, and France are some of the major early adopters of smart meters.