Smart Electric Meter Market Research Insights With Upcoming Trends And Forecast To 2028 | SAGEMCOM, ABB, Schneider Electric, Siemens, wasion

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Data Bridge Market Research analyses that the smart electric meter market would exhibit a CAGR of 5.83% for the forecast period. Rising demand for smart electric meter by the various end user verticals, increased focus on adoption of renewable energy and rapid increase in electric networks established in various regions are the major factors attributable to the growth of smart electric meter market. Therefore, the smart electric meter market value would climb up to USD 22.16 billion by 2028.

Rapid demand for smart metering solutions coupled with supportive governmental policies would imply growth in the smart electric meter market value. Rising urbanization, growth and expansion of various end user verticals and growth in the number of smart cities construction projects in the developing economies will also create lucrative growth opportunities for the smart electric meter market in the long run. Growing focus on reducing the costs of energy consumption, rising focus towards sustainable development and increasing awareness among the people will also propel growth in the smart electric meter market demand.  Increased focus on the renewable energy integration to smart grid infrastructure will also bolster the smart electric meter market growth rate in the upward direction. On-going industrialization coupled with economic development especially in the emerging economies will also propel growth in the demand for smart electric meters.

Smart Electric Meter Market Scope and Market Size

Based on type, the smart electric meter market is segmented into advanced metering infrastructure (AMI) and automatic meter reading (AMR).
Based on phase, the smart electric meter market is segmented into single phase and three phase.
Based on communication technology type, the smart electric meter market is segmented into power line communication, radio frequency, cellular and others.
On the basis of end user, the smart electric meter market is segmented into residential, commercial, utility and others. Residential segment is sub-segmented into single family and multifamily. Commercial segment is sub-segmented into education, healthcare, retail, logistics and transportation, offices, hospitality and others.

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The countries covered in the smart electric meter market report are the U.S., Canada and Mexico in North America, Brazil, Argentina and Rest of South America as part of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC)  in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).

Asia-Pacific lions the smart electric meter market and will extend similar trend over the forecast period owing to the increased adoption of smart electric meters to minimize unaccounted electricity losses.

Leading Key Players Operating in the Smart Electric Meter Market Includes:

The major players covered in the smart electric meter market report are SAGEMCOM, ABB, Schneider Electric, Siemens, Microchip Technology Inc., wasion group, Landis+Gyr., Itron Inc., Honeywell International Inc., Aclara Technologies LLC., Iskraemeco, d.d., LINYANG Energy, Genus, Networked Energy Services, Holley Technology UK Ltd., OSAKI ELECTRIC CO., LTD., Sensus, Trilliant Holdings Inc., Kamstrup and E.ON UK plc among other domestic and global players. Market share data is available for Global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.

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Scope of the Study:

Smart Electric Meter Market revenue forecasts across three post-COVID pandemic case scenarios, 2021- 2028
Smart Electric MeterSmart Electric Meter market size outlook by type, 2021- 2028
Smart Electric MeterSmart Electric Meter market size outlook by application segment, 2021- 2028
Smart Electric MeterSmart Electric Meter market outlook of 15 countries, 2021- 2028
Strategies, Trends, Drivers, and Risks facing Smart Electric Meter companies
Company profiles of leading five players in Smart Electric Meter industry
Market News and Developments

Reasons to Buy:

Understand the current and future competitive scenario across types, countries, and applications
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