Press release
Global Smart Meters Market to Witness a Pronounce Growth During 2023
A smart meter is usually an electronic device that records consumption of electric energy in intervals of an hour or less and communicates that information at least daily back to the utility for monitoring and billing. Smart meters enable two-way communication between the meter and the central system. Unlike home energy monitors, smart meters can gather data for remote reporting. Such an advanced metering infrastructure differs from traditional automatic meter reading in that it enables two-way communications with the meter.
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Global Smart Meters Market: Forecast by Type / Application / Region
The largest smart meters markets have been North America, Europe and APAC (particularly China). And the market is supplied by a combination of large multinational firms and smaller local manufacturers. The leading global firms include Landis+Gyr (based in Switzerland but owned by Toshiba Corp. of Japan), GE Digital Energy (United States), Itron (United States), Aclara (United States), Elster Group (Germany), Sensus (United States) and Holley Metering (China), among others. These companies tend to compete against each other globally to supply most of the largest smart meter markets. In many markets, these leading global firms also face competition from local manufacturers. In China, for example, local manufacturers supply the bulk of the market.
Over the next five years, LPI(LP Information) projects that Smart Meters will register a 9.4% CAGR in terms of revenue, reach US$ 13500 million by 2023, from US$ 7900 million in 2017.
Global Smart Meters Market: Key Players
Landis+Gyr
Itron
GE Digital Energy
Siemens
Kamstrup
Sensus
Elster Group
Silver Spring Networks
Aclara
Nuri Telecom
Sagemcom
Trilliant
Iskraemeco
Echelon
Tantalus Systems
ZIV
Sanxing
Linyang Electronics
Wasion Group
Haixing Electrical
Techrise Electronics
Chintim Instruments
XJ Measurement & Control Meter
Clou Electronics
HND Electronics
Longi
Hengye Electronics
Holley Metering
Wellsun Electric Meter
Sunrise
Xiou International Group
Pax Electronic Technlogy
Huayi Electronics
Changyi Group
Gaoke
Shenzhen Kaifa Technology
Risesun Group
Banner
Bada Instruments
Jinling Intelligent Electric Meter
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Related Information:
United States Smart Meters Market Research Report 2018
Europe Smart Meters Market Research Report 2018
North America Smart Meters Market Research Report 2018
Asia-Pacific Smart Meters Market Research Report 2018
China Smart Meters Market Research Report 2018
EMEA Smart Meters Market Research Report 2018
Global Smart Meters Market Research Report 2018
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