Smart Meters Chipset Market: Growth, Trends, and Future Projections
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The Smart Meters Chipset Market has become an essential segment of the global smart metering industry, supporting the shift toward more intelligent and efficient energy management solutions. These chipsets, which power the functionality of smart meters, enable advanced features such as real-time data collection, remote monitoring, and communication between meters and utility companies. In 2023, the market was valued at USD 2.29 billion, and it is expected to grow steadily over the forecast period. By 2032, the market is projected to reach USD 4.5 billion, expanding at a Compound Annual Growth Rate (CAGR) of 7.78% between 2024 and 2032.