Press release
Smart Electricity Meter Market Is Booming Worldwide by 2027 | Landis+gyr Group AG, Wasion Group Holdings, Elster Group GMBH Honeywell International Inc
The Global Smart Electricity Meter Market report provides the overall structure and business outlook of the Global and regional industries. The study also involves the important Achievements of the market, Research & Development, new product launch, product responses, and regional growth of the leading competitors operating in the market on a Global and local scale. The structured analysis contains graphical as well as a diagrammatic representation of the Global Smart Electricity Meter Market with its specific geographical regions.Click the link to get a Free Sample Copy of the Report @:
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“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..”
Top leading Companies Profiled in Smart Electricity Meter Market Report are 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 Technology Ltd, Sensus USA Inc. (Xylem Inc), Nanjing Xinlian Electronics Co. Ltd, Shenzhen Hemei Group Co, Ltd
Latest Update and Developments
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.
Tata Power Delhi discom launches NB-IoT technology based smart meters- Tata Power Delhi Distribution (Tata Power-DDL), which supplies electricity to north Delhi, has launched Narrow Band-Internet of Things (NB-IoT) for smart meters installed in its service area.
Mar. 30, 2021 Itron Launches Residential Smart Electricity Meter for German Market- Itron, Inc. (NASDAQ: ITRI), which is innovating the way utilities and cities manage energy and water, today announced the launch of its eHZ-B residential smart meter for utilities and cities in Germany. The latest addition to Itron’s proven 3.HZ FNN-compliant portfolio, the eHZ-B smart meter is built with advanced functionality to support Germany’s ongoing energy transition to a low carbon, environmentally sound, reliable and affordable energy supply, and equip utilities and cities to safely migrate to a smart and connected distribution network.
Market Overview
- 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.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..
In Chapter 6, on the basis of types, the Smart Electricity Meter market from 2015 to 2025 is primarily split into:
Single Phase
Three Phase
In Chapter 7, on the basis of applications, the Smart Electricity Meter market from 2015 to 2025 covers:
Residential
Commercial
Industrial
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Regional Analysis:
Asia-Pacific (China, India, Japan, South Korea, Australia, Indonesia, Malaysia, and Others), North America (United States, Canada, and Mexico), Central & South America (Brazil, and Rest of South America), Europe (Germany, France, UK, Italy, Russia, and Rest of Europe), Middle East & Africa (GCC Countries, Turkey, Egypt, South Africa and Other)
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Key Takeaways from Smart Electricity Meter Report
─Evaluate market potential through analyzing growth rates (CAGR %), Volume (Units) and Value ($M) data given at country level – for product types, end use applications and by different industry verticals
─Understand the different dynamics influencing the Smart Electricity Meter market – key driving factors, challenges and hidden opportunities.
─Get in-depth insights on your competitor performance – Smart Electricity Meter market shares, strategies, financial benchmarking, product benchmarking, SWOT and more
─Analyze the sales and distribution channels across key geographies to improve top-line revenues.
─Understand the industry supply chain with a deep dive on the value augmentation at each step, in order to optimize value and bring efficiencies in your processes.
─Get a quick outlook on the market entropy – M&A’s, deals, partnerships, product launches of all key players for the past 4 years.
─Evaluate the supply-demand gaps, import-export statistics and regulatory landscape for more than top 20 countries Globally for the Smart Electricity Meter
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In conclusion, the Smart Electricity Meter market report present the descriptive analysis of the parent market supported elite players, present, past and artistic movement information which is able to function as a profitable guide for all the Smart Electricity Meter Industry business competitors. Our expert research analyst’s team has been trained to provide in-depth market research reports from every individual sector which will be helpful to understand the industry data in the most precise way.
Available Customization– The report could be customized according to the client’s specific research requirements. No additional cost will be required to pay for limited additional research.
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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.
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