The global smart meters market is expected to grow from $11,300.0 million in 2014, and reach $20,682.8 million in 2020, growing with a CAGR of 10.6% during 2015-2020. The global market is mainly driven by government policies supporting installation of smart meters. As a part of broader clean energy initiatives, the governments in various countries have rolled out legislations, which mandate the adoption of smart meters.