Smart Meters Market 2021 Analysis by Recent Developments and Demand to 2027 | Landis+Gyr Inc., Aclara Technologies Llc, Wasion Group Holdings, Elster Group Se

The Global Smart Meters Market report offers a comprehensive analysis of the market. This report focused on market past and present growth globally. Global research on Global Smart Meters Industry presents a market overview, product details, classification, market concentration, and maturity study. The market value and growth rate from 2020-2023 along with industry size estimates are explained.

Avail a Sample Copy before Purchase:                          

https://www.marketinsightsreports.com/reports/01241064832/global-smart-meters-market-segmented-by-meter-type-water-gas-electricity-by-end-user-residential-commercial-industrial-and-region-growth-trends-and-forecast-2018-2023/inquiry?source=xherald&Mode=21

The smart meters market was estimated at 121.488 million unit shipments in 2016 and is expected to reach 132.703 million unit shipments by 2022. The market is expected to register a CAGR of 1.86% over the forecast period (2018 - 2023). The report covers smart metering used for gas, water, and electricity.

The prominent players in the global Smart Meters market are:

Landis+Gyr Inc., Aclara Technologies Llc, Wasion Group Holdings, Elster Group Se, Jiangsu Linyang Energy Co. Ltd, Ningbo Sanxing Electric Co. Ltd, Kamstrup A/S, Hexing Electric Company Ltd, Itron Inc., Holley Metering Limited, Sensus Usa Inc., Shenzhen Hemei Group Co. Ltd, General Electric Ltd, Diehl Stiftung & Co. Kg, Hangzhou Beta Gas Meters Co. Ltd, Pietro Fiorentini, Sagemcom Sas, Apator S.A   

There is a rising pressure on conserving natural resources, government regulations on the usage of water, electricity, and gas coupled with the advancements in metering technologies have buoyed the smart meters market over the forecast period. However, the lack of capital investments for infrastructure installation and the lack of return on investments on these installations are expected to hinder the market growth.

 Top of FormReport Coverage

Billing Accuracy and Customer Convenience

Smart meters have a major role to play in reducing utility theft and safeguarding utility revenues which acts as powerful drivers. For instance, in the case of smart water meters, non-revenue water (NRW) is usually accounted for through theft and leakage. Any water pumped by the water utility that does not come back as revenue is categorized under NRW. Until the optimal NRW is reached (should be below 25% according to World Bank) a utility suffers from inferior revenue, infrastructure damage, illegal tapping, poor resource management & service, higher energy bills, and potential loss of pressure, among other factors. Thus, employing smart water meters as the endpoints in a water utility system can act as the building blocks in any comprehensive strategy to improve NRW levels and understand the water network while also reducing the labor costs. The same strategy can be incorporated for the electricity and gas utilities as well. All these benefits of employing smart meters coupled with the need for sustainable consumption of resources have driven to their usage across the globe.

Get Exclusive Discount at:

https://www.marketinsightsreports.com/reports/01241064832/global-smart-meters-market-segmented-by-meter-type-water-gas-electricity-by-end-user-residential-commercial-industrial-and-region-growth-trends-and-forecast-2018-2023/discount?source=xherald&Mode=21

In addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key players and the market as a whole. It also analyses key emerging trends and their impact on present and future development.

The research includes historic data from 2015 to 2020, and forecast to 2023 which makes the reports an invaluable resource for industry executives, marketing, sales and product managers, consultants, analysts, and other people looking for key industry data in readily accessible documents with clearly presented tables and graphs.

Market Recent Updates-

November 2017- Diehl Metering became the first company to integrate its metering systems for automatic reading solutions for water, thermal energy, and gas meters with NEC CCOC platform. The NEC Europe will present the key features of its Smart City Platform (CCOC) of Europe. The collaboration of the two aims to support the European operator's decision-making of automating tasks and facilitating the correct choice of strategic decisions in the long term.

 July 2017 - Sagemcom SAS acquired Meter Italia S.P.A that manufactures traditional and smart residential gas meter as well as a range of industrial gas meters through its subsidiary Sagemcom Energy & Telecom SAS. Through the acquisition of Meter Italia, Sagemcom aims to establish itself and actively participate in the growth of the gas metering market, particularly in the European, Middle East & Africa regions. The company also expects to combine its competencies with Meter Italia to address technological advancements in multi-energy metering.

Furthermore, Global Smart Meters Market following points are involved along with a detailed study of each point: –

─Manufacture Analysis — Generation of this Global Smart Meters Industry is tested about applications, types, and regions with price analysis of players that are covered.

─Sales & Revenue Assessment — Revenue, sales are planned for this Smart Meters market, including with various essentials along yet another facet is assessed in this section for foremost regions.

─Supply and Effectiveness — In continuation using earnings, this section studies consumption, and global Smart Meters market. This area also sheds light on the variance between ingestion and distribution. Export and Smart Meters significance data are provided in this part.

─Competitors — In this section, key players have been studied depending on product portfolio, their Smart Meters market company profile, volume, price, price, and earnings.

─Investigations and Analysis — Smart Meters market analysis aside from business, the information, and supply, contact information from manufacturers, consumers and providers can also be presented. Additionally, a feasibility study to asset and SWOT analysis for endeavors have been contained.

Irfan Tamboli (Head of Sales) – Market Insights Reports
Phone: + 1704 266 3234
Mob: +91-750-707-8687
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.

This release was published on openPR.