openPR Logo
Press release

Global Smart Electric Meter Market Trends, Size, Forecast - 2018-2023

Global Smart Electric Meter Market

Global Smart Electric Meter Market

The global smart electric meter market size was estimated to USD 9,917 million in 2018 and expected to grow at a CAGR of 10.4% from 2018-2023. The growth of the market is attributed to favorable government initiatives and funding such as smart cities projects by European and Asia- Pacific’s (APAC) government. In India, the government planned to build 90 smart cities by 2022. Additionally, the British government had planned to install smart meter in every home by 2020. According to national renewable energy laboratory, in the US 60 million smart electric meters will be installed by 2019. The cohesive government policies and initiatives are driving the growth of the smart electric meter market. Concepts of smart home and smart cities and energy conservation by use of smart electric meters are also factors that are stimulating the market growth. However, lack of skilled workforce and reluctance by key end users to adopt new technology may hamper the growth of smart electric meter market. Moreover, interoperability issues and radio frequency emissions are also expected to restrain market growth to some extent. With favorable government mandates and legislations North America and Europe are expected to witness significant growth in smart electric markets.

Request a free sample of our report on Global Smart Electric Meter Market: https://www.omrglobal.com/request-sample/smart-electric-meter-market

These regions are driven by energy efficiency targets which will boost smart metering. Furthermore, upcoming smart grid projects are fuelling the growth of smart electric meter market in this region. However, APAC is expected to be the fastest growing market as countries like China, Japan and South Korea have increased smart meter rollouts due to government initiatives and policies.

A full report of Global Smart Electric Meter Market is available at: https://www.omrglobal.com/industry-reports/smart-electric-meter-market

Global Smart Electric Meter Market segmentation

By communication technology
• Power line communication
o Cellular
o Radio frequency

By phase
• Single phase
• Three phase

By end user
• Residential
• Commercial
• Industrial

Competitive landscape
• Key strategies
• Key company analysis

Regional analysis

• North america
o United states
o Canada

• Europe
o Uk
o Germany
o France
o Italy
o Spain
o Rest of Europe

• Apac
o India
o China
o Japan
o Rest of apac

• Rest of the world

Company profiles
• Aclara
• Echelon
• Elster group
• Ge digital energy
• Holley metering
• Iskraemeco
• Itron
• Kamstrup
• Landis+gyr
• Nuri telecom

For more customized data, request for report customization @ https://www.omrglobal.com/report-customization/smart-electric-meter-market

Media Contact:
Company Name: Orion Market Research
Contact Person: Mr. Anurag Tiwari
Email: info@omrglobal.com
Contact no: +91 780-304-0404

About us:
Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services.

For More Information, Visit https://www.omrglobal.com/

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Global Smart Electric Meter Market Trends, Size, Forecast - 2018-2023 here

News-ID: 2085252 • Views:

More Releases from Orion Market Research Pvt Ltd

Insulated Tools Market 2023 Driving Factors Forecast Research 2029
Insulated Tools Market 2023 Driving Factors Forecast Research 2029
The global insulated tools market is anticipated to grow at a considerable CAGR of 8.3% during the forecast period. One of the core factors that is fueling the market is the growing applications of electricity, and batteries in products such as toys, vehicles, homes, commercial, and others which has increased the demand for insulated tools across the globe. As per the annual report of Havells 2021, the company launched 12
Canada Bio Succinic Acid Market Size, Share, Analysis, Industry Report and Forec …
The Canada bio succinic acid market is estimated to grow at a significant growth rate of 18.0% over the forecast period from $55.0 million in 2018. Canada is another major economy in North America and is the 2nd largest economy in the region. Due to the growing chemical, pharmaceutical, polybutylene succinate (PBS) and food packaging industry, demand for bio-succinic acid and other plastics has increased Canada’s share substantially. Bio-succinic acid
Global Intelligent Airways Transportation System Market Size, Share, Analysis, I …
The global intelligent airways transportation system market is anticipated to grow at a significant CAGR during the forecast period. The Intelligent Airways Transportation System (IATS) enables airlines to better manage aviation operations through the use of information technology (IT). The primary purpose of Intelligent Airways Transportation System technology is to give passengers a pleasant flying experience and also ensure their safety. Due to Covid-19, many governments instituted temporary quarantines. This had
Global Environmental Health Safety Market Size, Share and Forecast 2021-2027
The global environmental health safety market is expected to grow at a significant CAGR during the forecast period. Environment, Health, and Safety (EHS) are used by businesses to describe laws, rules, regulations, professional programs, and workplace activities aimed at protecting employees, the public, and the environment's health and safety from workplace risks. The Environmental Health Safety department of the firm assurances that the company's work does not harm the environment

All 5 Releases


More Releases for Smart

Smart Cities Market is Expected to Witness CAGR of 17.3% by 2027 with Applicatio …
A smart city is an urban unit or area that uses various types of electronic Internet of Things (IoT) devices to collect data and then use the insights to manage resources, assets, and services effectively. Green building is a growing trend in the global smart cities market. Constructing eco-friendly infrastructure facilities can provide a sustainable environment in the cities. Moreover, governments are focused on constructing energy-efficient buildings, in order
Internet of Things (IoT) Devices Market By Type (Computing Devices, Smart Media, …
On a global scale, the Internet of Things (IoT) Devices market is currently showing significant development. The innovative methods and market study have helped many of the major players Samsung Electronics, Apple, Lenovo, ASUS, Acer, Huawei, Coolpad, LG Electronics, Google, Panasonic, Microsoft, Brother Industries, Honeywell, Fitbit, Lenovo to carve a name for themselves in the competitive global market. The Internet of Things (IoT) Devices market is experiencing a massive growth
Global Smart Cities Market by Component (Hardware, Software) by Application (Sma …
Global Smart Cities Market: Overview The global smart cities market is expected to reach a mark of over USD 3000 billion by 2024, at a CAGR over 21% during the forecast period. Significant growth in next-generation technologies such as artificial intelligence AI, personalized healthcare, sustainable energy generation and robotics are driving the smart cities’ future. Moreover, the increase in residential preference towards the adoption of advanced information and communication technologies ICT
Global Smart Infrastructure - A Smart Approach To Smart Cities In 2016
Slowly but surely we are beginning to see a transformation take place in many parts of the world, as governments and councils realise they need to take a holistic approach to future city-wide development. In Australia, for example, we see that Adelaide, Canberra, Newcastle, Lake Macquarie, Sydney, Ipswich and Sunshine Coast have all been identified as being among the leading smart cities. The Netherlands also has great examples of emerging
Global Smart Infrastructure - A Smart Approach To Smart Cities In 2016
The global smart city transformation is underway Slowly but surely we are beginning to see a transformation take place in many parts of the world, as governments and councils realise they need to take a holistic approach to future city-wide development. In Australia, for example, we see that Adelaide, Canberra, Newcastle, Lake Macquarie, Sydney, Ipswich and Sunshine Coast have all been identified as being among the leading smart cities. The Netherlands
Smart Kitchen Appliances Market ( Smart Refrigerators, Smart Dishwashers, Smart …
The rising demand for smart kitchen appliances is linked to their premium design that offers better effectiveness and more comfort than their traditional counterparts. With energy efficiency at its core, the global market for smart kitchen appliances is expected to surge at a robust pace in the near future.In a report titled “Smart Kitchen Appliances Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 - 2022,” Transparency