Digital Electricity Meter Market Growth Status and Outlook 2022-2028 | General Electric, Murata Power Solutions, Simpson Electric, Chroma ATE

Digital Electricity Meter Market 2022 report helps the clients to take business decisions and to understand strategies of major players in the industry. The report also calls for market- driven results deriving feasibility studies for client needs. Market Insights Reports ensures qualified and verifiable aspects of market data operating in the real- time scenario. The analytical studies are conducted ensuring client needs with a thorough understanding of market capacities in the real- time scenario.

The Smart meters market is expected to grow from an estimated USD 19.6 billion in 2021 to USD 30.2 billion by 2026, at a CAGR of 9.0% during the forecast period.  

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The 200+ pages report presents the market competitive landscape and a corresponding detailed analysis of the major vendor/key players in the market. Top Companies in the Global Digital Electricity Meter Market: General Electric, Murata Power Solutions, Simpson Electric, Chroma ATE, EKM Metering, Advanced Electronics, HDL, Omni System, Schneider Electric, Radarking Electronics, Holley Metering, Shanghai JYINS Meters Electrical, Newhongbo, Eastron Instruments, Qianxing Electrical and others.

Recent Developments

In November 2021, Itron, Inc. (NASDAQ: ITRI), which provides innovative ways utilities and cities manage energy and water, announced the launch of Itron Smart Pay for utilities and cities in North America.

In March 2021, Itron, Inc. (NASDAQ: ITRI) (the "Company"), which is innovating the way utilities and cities manage energy and water, today announced that it had commenced an underwritten public offering, subject to market and other conditions, of $350 million of shares of common stock of the company.

In January 2020, Landis+Gyr introduced Revelo electric meters with advanced grid sensing technology.

In January 2020, In a bid to further consumer safety and sustainable growth, BSES Yamuna Power Limited (BYPL) and Schneider Electric, a global leader in the digital transformation of energy management and automation, have signed a far-reaching Memorandum of Understanding (MoU).

In January 2019, Landis+Gyr acquired a 3% equity interest in Sense Labs, Inc. (“Sense”), in exchange for USD 2 million in cash. Sense develops and provides electronic devices for analyzing electricity usage in households in the USA, as well as related application software.

Market Overview:

 Smart meters are electronic devices that accurately monitor electricity, gas, and water usage. These smart meters can send usage information through power line communication, radiofrequency electromagnetic radiation (RF), and cellular communication, helping the utility company to effectively manage the energy usage. Smart meters offer a host of benefits such as reduction of meter reading cost, preventing disconnection, removing inefficiencies in billing, and re-connection costs to corporations and consumers. 

Market Segmented by Types:

Single Phase

Three Phase

Others

Market Segmented by Applications:

Household

Commercial

Regional Analysis:

– North America (United States, Canada, Mexico)

–Europe (Germany, UK, France, Italy, Spain, Russia)

–Asia-Pacific (China, Japan, South Korea, Australia, India)

–South America (Brazil, Argentina, Columbia)

–The Middle East and Africa (UAE, Egypt, South Africa)

Influence of the Digital Electricity Meter market report:

-Comprehensive assessment of all opportunities and risk in the Digital Electricity Meter market.

-Digital Electricity Meter market recent innovations and major events.

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-Conclusive study about the growth plot of Digital Electricity Meter market for forthcoming years.

-In-depth understanding of Digital Electricity Meter market-particular drivers, constraints and major micro markets.

-Favorable impression inside vital technological and market latest trends striking the Digital Electricity Meter market.

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Important Features that are under Offering and Key Highlights of the Reports:

– Detailed overview of Market

– Changing market dynamics of the industry

– In-depth market segmentation by Type, Application etc.

– Historical, current and projected market size in terms of volume and value

– Recent industry trends and developments

– Competitive landscape of Market

– Strategies of key players and product offerings

– Potential and niche segments/regions exhibiting promising growth

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