Smart Electricity Meters Market Analysis and the Impact of COVID-19 Key Vendors, Growth Rate and Forecast To 2027 described in a new market report

Global market research firm Report Ocean is delighted to announce its new report on the Smart Electricity Meters Market, forecast for 2027. This report covers all aspects of the market and provides data on current trends.

This report provides detailed information about the structure and business outlook of global and regional industries. In addition, the study includes important information on research and development, new product launches, product responses, and regional growth of the leading players in the market on a global and local level. The structured analysis includes a graphical and diagrammatic representation of the global Smart Electricity Meters Market with specific geographical regions.

Global smart electricity meters market will reach $20.23 billion by 2027, growing by 8.8% annually over 2020-2027 driven by the increasing need for efficient data monitoring systems, cost savings advantage of smart meters, and favorable government policies for smart meter rollout. The sales volume in million units will register a 2020-2027 CAGR of 9.0%.

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The global Smart Electricity Meters Market market research examines the factors responsible for its growth. The report identifies trends, influencing factors, and restraints that affect the market favorably or unfavorably. A section on the market also discusses various segments and applications that could impact the market in the future. It contains detailed information about the latest trends and previous milestones.

The Smart Electricity Meters Market report provides a comprehensive overview of the worldwide market by presenting future developments, business opportunities, upcoming events, and future plans. In addition, the report includes information on the top companies, their marketing strategies, company profiles, the most recent developments, distribution channels, product portfolios, and marketing strategies. Moreover, the report provides an in-depth analysis of different parameters, including direct and indirect competition, strength and weaknesses of major competitors, value, business distribution, income, and obstacles, in order for the customer to better evaluate their competitors.

Impact Analysis of COVID-19:

• Global Smart Electricity Meters Market, the experts, have examined the effects of COVID-19 and its aftermath.

• The WHO declared an emergency after discovering new strains of Covid-19 in different countries. A Coronavirus outbreak is already negatively impacting the global Smart Electricity Meters Market, and it will have a heavy impact in the future.

• Following the outbreak, the country encountered a number of changes, including travel bans, quarantines, flight cancellations, restrictions on indoor events, restaurant closures, business closures, a decrease in business confidence, fluctuating stock prices, and an increase in panic among residents.

• A comparative analysis of the global financial and economic crisis outlines both its advantages and its disadvantages.

• The market has managed to maintain a positive outlook despite the severe recession that hit it. An array of funding options are emerging as the global market tries to sustain itself with regional platforms.

Regional Insights:

The report analyzes the global Smart Electricity Meters Market geographically. Also included is an evaluation of the top vendors in the Smart Electricity Meters Market. On a regional and global basis, the report analyses the competitive landscape of the top players in the industry. The report discusses key developments in the Smart Electricity Meters Market, fundamental growth trends for each segment, and strategic planning for companies preparing for international competition.

Leading Competitors:

The leading prominent companies profiled in the global Smart Electricity Meters Market are:

Aclara Technologies
EDMI Limited
Elster Group GmbH (Honeywell International Inc.)
Hexing Electric Company
Holley Technology Ltd (Zhejiang Huamei Holding Co. Ltd)
Itron Inc.
Jiangsu Linyang Energy Co., Ltd.
Kamstrup A/S
Landis + GYR Group AG
Mitsubishi
Nanjing Xinlian Electronics Co., Ltd.
Sagemcom SAS
Sensus USA Inc.
Shenzhen Hemei Group Co. Ltd.
Shenzhen Kafia
Wasion Group Holdings

Scope of the Report:

The global Smart Electricity Meters Market segmentation focuses on:

Based on Component:
- Hardware
- Software & Service

Based on Technology:
- Automatic Meter Reading (AMR)
- Advanced Metering Infrastructure (AMI)

Based on Communication Type:
- Cellular Technology
- Radio Frequency (RF)
- Power Line Communication (PLC)
- Other Communication Types

Based on Phase:
- GISM (Single Phase, 230v,

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This release was published on openPR.