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Global Smart Meters Market Size, Competitive Analysis, Share, Forecast- 2020-2026

12-15-2020 09:39 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Orian Research

Global Smart Meters Market

Global Smart Meters Market

The global market for smart meters is projected to have considerable CAGR of around 7.5% during the forecast period. The market growth mainly backed by the increasing inclination towards smart meters in place of conventional meters due to various advantages, such as theft detection and leakage management further raises the demand for smart meters across the globe. The smart meters provides theft and accurate billing and enhanced customer services by the integration of AMI systems. Along with that, the growth is attributed to increasing penetration of smart meters in the near future, owing to government regulation and initiatives, rising demand for utility management, and rising urbanization in emerging economies such as India and China. Additionally, smart meters support in-house displays, keeping the consumers informed about the energy used by them in real-time. Some of the smart meters offer remote access to various utility's control center and consumers can pay bills through mobile app syncing. Therefore growing penetration of smartphone also projected to provide significant opportunity to the market.

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The global smart meters market is segmented based on product type, technology, and application. Based on the product type, the market is further classified into smart gas meters, smart electric meters, smart water maters. The smart electric segment is projected to have considerable share owing to the growing demand of smart grid solutions in industrial and commercial applications. Moreover, the increasing deployment of smart electric meters in Europe and North America further contribute in the growth of the segmental market. Based on technology the market for smart meters further segregated into advanced metering infrastructure (AMI) and automated meter reading (AMR). The AMI segment is projected to hold significant share in the global smart meters market. The On the basis of application the market is further segregated into residential, commercial and industrial.

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Market Segmentation

Global smart meters Market by Product Type

Smart Gas Meters
Smart Electric Meters
Smart Water Maters
Global smart meters Market by Technology

Advanced Metering Infrastructure (AMI)
Automated Meter Reading (AMR)
Global smart meters Market by Application

Residential
Commercial
Industrial
Regional Analysis

North America

United States
Canada
Europe

UK
Germany
Italy
Spain
France
Rest of Europe
Asia-Pacific

China
India
Japan
Rest of Asia-Pacific
Rest of the World

Company Profiles

Aclara Technologies LLC
Apator SA
Badger Meter, Inc.
Diehl Stiftung& Co. KG
Eaton Corp.
EDMI Ltd.
Flonidan A/S
General Electric Co.
Holley Technology UK Ltd.
Honeywell International, Inc.
Itron Inc.
Jabil Inc.
Kamstrup A/S
Landis+Gyr AG
QMC Inc.
Raychem RPG
Sensirion AG
Siemens AG
Schneider Electric SE
SIT S.p.A
SmartMeterQ Srl
Suntront Tech Co., Ltd.
Wasion Holdings Ltd.
Xylem Inc.
Zenner International GmbH & Co. KG
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About Orion Market Research

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.

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

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

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.

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