Smart Electricity Meter Market Value with Status and Global Analysis 2020 to 2025

The report elaborates the complete details covering product definition, product type, and application. The report covers useful details which are categorized based on Smart Electricity Meter production region, major players, and product type which will provide a simplified view of the Smart Electricity Meter industry. The Smart Electricity Meter market report presents the competitive scenario of the major market players based on the sales revenue, customer demands, company profile, the business tactics used in Smart Electricity Meter market which will help the emerging market segments in making vital business decisions.

The smart electricity meter market was valued at 105.73 million shipments in 2019 and is expected to reach 121.26 million shipments by 2025, at a CAGR of 2.31% over the forecast period 2020 - 2025.

Smart Electricity Meter Market Segmentation:  

This report on Global Smart Electricity Meter market is a detailed research study that helps provides answers and pertinent questions with respect to the emerging trends and growth opportunities in this industry. It helps identify each of the prominent barriers to growth, apart from identifying the trends within various application segments of the Global market for Smart Electricity Meter. Collecting historical and recent data from various authentic resources and depending on all the factors and trends, the report presents a figurative estimate of the future market condition, along with compound annual growth rate (CAGR).

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Global Smart Electricity Meter market competition by top manufacturers, with production, price, revenue (value) and market share for each manufacturer; the top players including Landis+gyr Group AG, Wasion Group Holdings, Elster Group GMBH (Honeywell International Inc), Jiangsu Linyang Energy Co., Ltd, Sagemcom SAS, Ningbo Sanxing Electric Co. Ltd, Kamstrup A/S, Hexing Electric Company Ltd, Itron Inc., Holley Technology Ltd, Sensus USA Inc. (Xylem Inc), amongst others.

Commercial Construction to Fuel the Market

- Smart electric meters play a significant role in the industrial, residential, manufacturing, and commercial sectors, measuring the energy consumption of the consumers. The growing smart grid investments and the surge in the integration of renewable sources of power generation to the existing grids and increasing T&D refurbishment activities in developed economies are expected to support the growth of the global smart electric meter market.
- Increasing investments for the construction of commercial facilities such as banking institutions, educational institutions in developed and developing economies have fueled the growth in the commercial segment.
- The meters measure electricity consumption and communicate this to the central utility system. The installations of these devices in the residential sector help in reducing CO2 emissions globally as a consumer's inclination towards peak time savings of energy would increase.

United States to Hold Major Share

- The market for automatic meter reading solutions is reaching maturity in the United States, resulting in a receding market in the country, the sizes of the project are now decreasing from millions to a small multiple of 10,000s.
- However, the replacement of first-generation meters and the shift to advanced metering infrastructure (with higher capabilities and improved technology) are expected to revive the smart electricity meters market in the future.
- At the same time, the increasing competition among companies, especially Chinese manufacturers, is resulting in a reduction of the per-unit price of smart electricity meters, affecting the net revenue of this market.
- Nationally, the largest driver of the smart electricity meter market in conjunction with the deployment of smart electricity meter infrastructure has been the American Recovery and Reinvestment Act (ARRA) of 2009, which included funding for the Smart Grid Investment Grant (SGIG) program.          

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This independent 142 pages report guarantees you will remain better informed than your competition. With over 80 tables and figures examining the Smart Electricity Meter market, the report gives you a visual, one-stop breakdown of the leading products, submarkets and market leader’s market revenue forecasts as well as analysis to 2025.

Key Takeaways from this Report

Impact of low unit costs, diversified product ranges and intense competition on the market
Analyzing various perspectives of the market with the help of Porter’s five forces analysis
Regional analysis of the market
Identifying the latest developments, market shares, and strategies employed by the major market players
3-month analyst support, along with the Market Estimate sheet (in Excel)           

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This release was published on openPR.