Press release
Smart Electricity Meter Market 2021 Global Size, Status and Outlook- Landis+gyr Group AG, Wasion Group Holdings
The Smart Electricity Meter market is a comprehensive market research report which provides market analysis with a historical & futuristic perspective for the following parameters; market size, revenue, demand, and supply data (as applicable). The report offers a detailed market analysis to provide a 360-degree research study on the global Smart Electricity Meter market. Some of the tools used for this are SWOT, PESTEL, and Porter's 5-forces analysis frameworks. The report includes detailed information on the key trends, market drivers, challenges, regulatory landscape, deployment models, opportunities, future roadmaps, value chains, player profiles, and strategies. The impact of the COVID-19, and also forecasts its recovery post-COVID-19. The report also presents forecasts for Smart Electricity Meter from 2021 till 2026.Request for PDF Brochure:
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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 meters account for the most significant share of the total market, which is expected to witnesses a declining demand throughout the forecast period, primarily due to a decline in volume sale contribution from China, which is the largest market of these systems.
- Although the overall market in terms of shipments is declining, the market excluding China is expected to witness a substantial growth rate.
- Europe is one of the major markets where smart electricity meters are expected to witness growth opportunities.
- With the ongoing smart electricity meter rollouts, Spain leads the unit shipments among the European countries and Germany, France and the United Kingdom are also expected to roll out smart electricity meters in large numbers during the forecast period.
Top leading Manufacturers Profiled in Smart Electricity Meter Market Report are: 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), Nanjing Xinlian Electronics Co. Ltd, Shenzhen Hemei Group Co, Ltd
Regional Analysis for Smart Electricity Meter Market:
For a comprehensive understanding of market dynamics, the global Smart Electricity Meter market is analyzed across key geographies namely the United States, Europe, China, Japan, Southeast Asia, India, Central & South America. Each of these regions is analyzed based on market findings across major countries in these regions for a macro-level understanding of the market.
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.
- More than 50% of the USD 7.9 billion in the SGIG (USD 3.4 billion from ARRA and USD 4.5 billion in matched funds from the private sector) was designated for advanced metering infrastructure.
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- December 2018 - Landis+Gyr announced a series of project and contract updates involving advanced metering deployments at Evergy Inc.s subsidiaries, Kansas City Power & Light Company (KCP&L), and Westar Energy Inc.
What is the Impact of Covid-19 Outbreak on the Smart Electricity Meter?
- Optimistic Scenario: COVID-19 is contained by May or June, With Normalcy returning to global operations through the End of Q2.
- Conservative Scenario: COVID-19 Remains Prevalent, with Continued Impacts Lasting into Q4.
- Estimated Impact of the Coronavirus (COVID-19) Epidemic on the Global Smart Electricity Meter.
- Smart Electricity Meter Market Size in 2021
- Corporate Strategy the Manufacturers Should Be Thinking About Right Now.
Frequently Asked Questions about the Smart Electricity Meter market:
- What are the recent developments and government policies?
- What are the top trends in the Smart Electricity Meter market?
- What is the growth rate of the market?
- Which Is the Most potential market segment?
- Which are the top industry players in the Smart Electricity Meter market?
- Which region would offer high growth for vendors in the market?
Purchase this Report at-
https://www.marketinsightsreports.com/report/purchase/10192355638?mode=su?Mode=S21
The research includes historic data from 2015 to 2021 and forecasts until 2026 which makes the report an invaluable resource for industry executives, marketing, sales, and product managers, consultants, analysts, and stakeholders looking for key industry data in readily accessible documents with clearly presented tables and graphs.
We Offer Customization On Report Based On Specific Client Requirement:
– Free country Level analysis for any 5 countries of your choice.
– Free Competitive analysis of any 5 key market players.
– Free 40 analyst hours to cover any other data point.
Irfan Tamboli (Head of Sales) – Market Insights Reports
Phone: + 1704 266 3234
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sales@marketinsightsreports.com
irfan@marketinsightsreports.com
MarketInsightsReports provides syndicated market research on industry verticals including Healthcare, Information and Communication Technology (ICT), Technology and Media, Chemicals, Materials, Energy, Heavy Industry, etc. MarketInsightsReports provides global and regional market intelligence coverage, a 360-degree market view which includes statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.
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