Global Smart Energy Meters Market: How Government policies and incentives is creating a fertile base for the market

In this report, the global smart energy meters market is valued at USD 21,970 million in 2020 and is expected to reach USD 69,460 million by the end of 2030, growing at a CAGR of 13.2% between 2021 and 2030.

In terms of consumption, the global smart energy meters market was valued at 111 million units in 2020 and is expected to reach 185 million units by the end of 2030, growing at a CAGR of 5.8% between 2021 and 2030.

Government policies and incentives are the primary factor that has propelled the market growth, for instance the initiatives of smart grid projects and government investment has propelled the device adoption across the Europe and other regions. In terms of penetration rate, smart energy meters in the U.S. are in higher demand, as U.S. commercial customers have long had smart meters to monitor facility electricity usage more accurately. The bulk of residential smart meters are procured and installed in huge count.

Further, the report also focuses on China’s major export and import lines in terms of value, for instance China’s exports of smart energy meters to other countries are Indonesia accounting around 12-13%, followed by Italy around 9%, U.K accounting for 7-8% and others.

Geographically, this report is segmented into several key Regions, with production, consumption, revenue (million USD), market share and growth rate of Smart Energy Meters in these regions, from 2020 to 2030 (forecast), covering
North America
Europe
China
Japan
Southeast Asia
India

Global Smart Energy Meters market competition by top manufacturers, with production, price, revenue (value) and market share for each manufacturer; the top players including
GE Energy
Itron
Landis + Gyr
Sensus
Siemens
ABB
S&T

On the basis of product, this report displays the production, revenue, price, market share and growth rate of each type, primarily split into

Smart Electric Meters
Smart Gas Meters
Others

For complete table of contents visit @ https://flairintelligence.com/product/global-smart-energy-meters-market-2020/

On the basis on the end users/applications, this report focuses on the status and outlook for major applications/end users, consumption (sales), market share and growth rate of Smart Energy Meters for each application, including

Smart Grid
Digital Oilfield
Home Energy Management Systems (HEMS)
Smart Solar

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This release was published on openPR.