Permanent Magnets – Business under transformation?

The smart meter theme is a term that can refer to the trend of deploying smart meters in various sectors, such as electricity, gas, and water, to improve the efficiency, quality, and sustainability of the utility services. Smart meters are electronic devices that can measure and communicate the utility consumption and usage in real-time, and enable the remote control and management of the utility supply. Smart meters can offer various benefits, such as reducing the meter reading and billing costs, preventing the disconnection and reconnection fees, enhancing the customer satisfaction and engagement, and supporting the integration of renewable energy sources and smart grid technologies1.

According to the web search results, the smart meter market size was valued at $21.79 billion in 2020 and is projected to reach $54.34 billion by 2030, growing at a CAGR of 10.10% from 2021 to 20302. The smart meter market is driven by various factors, such as the development of communication network infrastructure, the government initiatives and policies, the high investments in digital electricity infrastructure, and the increasing demand for high-quality and reliable utility services1234.

However, the smart meter market also faces some challenges and risks, such as the impact of the COVID-19 pandemic, the volatility of the raw material prices, the environmental and social concerns, and the competition from other players1234. Therefore, the smart meter market growth may vary depending on the market conditions and the performance of the individual sectors and regions.

To answer your question, the smart meter theme may be able to grow 30% in the next five years, depending on the performance of the electricity, gas, and water sectors, which are influenced by various factors. However, this is not a guarantee, as there are many uncertainties and risks that can affect the growth potential of the smart meter theme. Therefore, one should do their own research and analysis before investing in any smart meter company.