Smart Meter Market: Global and Regional Analysis with Forecast till 2028, Business Opportunities, Post COVID Scenario

The global Smart Meter market size is expected to reach $32.86 Billion by 2028 growing at the CAGR of 6.27% from 2021 to 2028.

The main factor behind the growth of the Smart Meter Market is government policies and financial incentives such as large scale installations by utility companies. In addition, investments in smart meters is going to be useful for gas utility and water utility providers to manage the demand for smart meters. This demand will increase because they offer automatic meter reading and bill generation even though they are expensive. The benefits they offer are a tremendous help that is a major influence on demand for these types of devices, which helps to grow this market further.

However, high cost borne by end customers as a result of high cost of installations for grid operators is hampering the growth of this market.

Request Free Sample Report or PDF Copy: https://report.evolvebi.com/index.php/sample/request?referer=OpenPR&reportCode=005366

Key Players

Some of the major Smart Meter players holding high market share includeItron Inc. Landis+Gyr, and Schneider Electric SA . These players use new product development and expansion as a key strategy to gain significant market share to compete with market leaders.

The key players profiled in the report are:
● Itron Inc.
● Landis+Gyr
● Schneider Electric SA
● Siemens AG
● Badger Meter
● EDMI
● Holley Metering Limited
● Neptune Technology Group Inc.
● Sensus
● Honeywell International Inc.

The recently published research report on Global Smart Meter Market by Evolve Business Intelligence examines the industry in the context of major market aspects including market size & forecast, market shares in terms of revenues and volume, key players, and SWOT analysis. The market is analyzed based on 4 separate indications in the market dynamic chapter: Drivers, Restraints, Key Trends, and Challenges. The total sum of these sections will help you understand what strategies will be best to adopt in order to prosper through this industry over a few short years. The quantitative analysis includes our actual findings out of this research study where we provided additional insight into what our readers can do to embrace new opportunities or plan against threats that might hinder the market.

The COVID-19 pandemic has led to disruption in the supply chain leading to lower demand or supply shortages in the Smart Meter market. The travel restrictions and social-distancing measures have resulted in a sharp drop in consumer and business spending and this pattern is expected to continue for some time. The end-user trend and preferences have changed due to the pandemic and have resulted in manufacturers, developers, and service providers adopting various strategies to stabilize the company.

The New Normal

As businesses recover from the COVID-19 pandemic, they have a new set of priorities to cope with. Throughout this crisis, they were forced to deal with shifting situations and often fell short of their ultimate goals. Now that a cure has been found and the pandemic is dying down, they will need to recuperate from this epidemic by setting forth new objectives to succeed in the future.

In terms of COVID 19 impact, the Smart Meter market report also includes the following data points:
● COVID19 Impact on Smart Meter market size
● End-User/Industry/Application Trend, and Preferences
● Government Policies/Regulatory Framework
● Key Players Strategy to Tackle Negative Impact/Post-COVID Strategies
● Opportunity in Smart Meter market

Buy Latest Copy of Report Now at Higher Discount! https://report.evolvebi.com/index.php/sample/request?referer=OpenPR&reportCode=005366
Segmental Analysis

Market Segment By Product with focus on market share, consumption trend, and growth rate of Smart Meter Market:
o Smart Electric Meters
o Smart Water Meters
o Smart Gas Meters

Market Segment By End Use with focus on market share, consumption trend, and growth rate of Smart Meter Market:
o Residential
o Commercial
o Industrial

For more information: https://evolvebi.com/product/smart-meter-market-analysis-and-global-forecast-2021-2028-with-covid-impact-analysis/

Key Region/ Countries Covered
● North America (US, Canada, Mexico)
● Europe (Germany, U.K., France, Italy, Russia, Rest of Europe)
● Asia-Pacific (China, India, Japan, South Korea, Rest of Asia Pacific)
● Rest of the World (the Middle East & Africa and South America)

The global smart meters market is segmented into five geographic regions, North America, South America, Europe, Asia Pacific and Middle East & Africa. Of these regions, the one with the largest market share is Asia Pacific. The reason for this popularity is China's massive energy consumption coupled with an initiative to reduce carbon emissions from utility operations. Moreover, the regional adoption of distributed generation through renewable energy sources incorporation is also acting as a catalyst for this growing demand.

Address
Evolve Business Intelligence
C-218, 2nd floor, M-Cube
Gujarat 396191
India
Contact: +1 773 644 5507 / +91 635 396 3987
Email: sales@evolvebi.com
Website: https://evolvebi.com/

About EvolveBI
Evolve Business Intelligence is a market research, business intelligence, and advisory firm providing innovative solutions to challenging the pain points of a business. Our market research reports include data useful to micro, small, medium, and large-scale enterprises. We provide solutions ranging from mere data collection to business advisory.
Evolve Business Intelligence is built on account of technology advancement providing highly accurate data through our in-house AI-modelled data analysis and forecast tool – EvolveBI. This tool tracks real-time data including, quarter performance, annual performance, and recent developments from fortune’s global 2000 companies.

This release was published on openPR.