Smart Electricity Meter Market 2021 Through SWOT Analysis with Leading Players- Landis+gyr Group AG,  Wasion Group Holdings,  Elster Group GMBH (Honeywell International Inc)

Qualitative Analysis Of Smart Electricity Meter Market Revenue & Industry Analysis By 2025

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 research report adoption is becoming very essential for the businesses as it supports with the better decision making and revenue generation. The Smart Electricity Meter market prioritizing market goals and profitable market business. Today’s businesses call for the highly focused and detail-oriented information about the Smart Electricity Meter Market so that they get a clear idea about the market landscape and gives businesses clear idea of what is already available, what the Smart Electricity Meter market expects, and what can be done to outshine the Smart Electricity Meter market competitors.

MarketInsightsReports’ started selling "Smart Electricity Meter Market Report " from October 10 2021. It also describes Smart Electricity Meter market player/manufacturers strategy in the light of Porters, Value Chain & SWOT analysis and based on that recommendation on players is derived like 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 and among other domestic and global players. 

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This sample report includes:

A brief introduction to the Smart Electricity Meter market research report.
Top players in the Smart Electricity Meter market with their revenue analysis.
Selected illustrations of Smart Electricity Meter market insights and trends.
Example pages from the Smart Electricity Meter market report.

Smart Electricity Meter Market Scenario:

Smart Electricity Meter Market - Segmented by End User (Commercial, Residential, and Industrial), and Region - Growth, Trends and Forecasts (2020 - 2025) Smart Electricity Meter market is expected to gain market growth in the forecast period of 2021 to 2027. According to MarketInsightsReports Research’ 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. The Asia-Pacific region has approximately 66.40% of the major share in 2019.Growing demand of the Smart Electricity Meter for industrial applications, industry will accelerate huge market growth especially in Smart Electricity Meter industry in terms of (Revenue USD), Market Drivers, and Market Restraints. Market report research and development activities, product launches in the Market helps to identify opportunities in market place.

Industry News and Updates On Smart Electricity Meter Market-

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.

Key Market Trends On Smart Electricity Meter Market-

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.

- The increasing residential construction activities and government mandates like the EU 20-20-20 policy, which aims to convert 80% of the installed meter base to smart one, have ensured the growth in the demand for smart electric meters.

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Competitive Landscape On Smart Electricity Meter Market-

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.

Market Segmentation-

Market Trends-

Technological Upgradations in Smart Electricity Meter market manufacturing techniques.

Customized or Personalized Smart Electricity Meter Report According to Changing Consumer Preferences.

Adoption of Overview in Smart Electricity Meter

Market Drivers:

High Durability and Flexibility

Increasing Domestic as well as International Trades

Higher Incomes

Challenges:

Restriction Imposed by Governments Regarding Use of Particular Smart Electricity Meter

Increase in Global Smart Electricity Meter

Low-Profit Margin

Opportunities:

Introduction to Smart Electricity Meter

Minimize undesirable Environmental Effects

Regional Analysis On Smart Electricity Meter 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.

- The top five smart meter manufacturers (Elster, GE Energy, Itron, Landis+Gyr, and Sensus) received a significant amount of more than USD 30 million in ARRA funds or matching funds. These factors are resulting in the direct growth of the smart electricity meters market in the United States.

COVID-19 Impact Analysis:

In this report, the pre- and post-COVID impact on the market growth and development is well depicted for better understanding of the Market based on the financial and industrial analysis. The COVID-19 pandemic has affected a number of market and Global Smart Electricity Meter Market is no exception. However, the dominating players of the Global Smart Electricity Meter Market are adamant to adopt new strategies and look for new funding resources to overcome the rising obstacles in the market growth.

Thinking One Step Ahead-

“Market Research Methodology - Perfected through Years of Diligence”

In today’s competitive world you need to think one step ahead to pursue your competitors, our research offers reviews about key players, major collaborations, union & acquisitions along with trending innovation and business policies to present a better understanding to drive the business in the correct direction.

In conclusion, the Smart Electricity Meter Market report is a genuine source for accessing the research data which is projected to exponentially grow your business. The report provides information such as economic scenarios, benefits, limits, trends, market growth rates, and figures. SWOT analysis and Porters Five analysis is also incorporated in the report. We even do customized Reports for our customers; we can add the list of Manufactures or application type or product type that you need in the report.

Conclusively, this report will give you a pronounced perspective on every single reality of the market without a need to allude to some other research report or an information source. Our report will give all of you the realities about the past, present, and eventual fate of the concerned Market.

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