Press release
Global Smart Meters Market Report 2021 with Countries Data and Covid-19 Analysis Overview By Size, Share, Trends, Factors and Player and forecast to 2027
The "Global Smart Meters Market" provides analysis and insights regarding the various factors expected to be prevalent throughout the forecast period while providing their impacts on the Market’s growth. The rise in the aviation sector is escalating the growth of the Global Smart Meters Market. Increased adoption of superior technology consisting of synthetic intelligence and system learning, a developing quantity of records and growing utility of records answers through an extensive variety of ends person verticals consisting of banking, economic services, and insurance, authorities and public sector, telecommunications and IT, energy, healthcare and others are the foremost elements as a consequence of the increase of the market.The Global Global Smart Meters Market Size is Projected to Reach at a CAGR of 6.6% during 2022-2027.
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Market Overview:
- Smart meters are increasingly being adopted globally, for various deployments, such as electricity, gas, and water, due to its two-way communication feature, which enables real-time tracking of utility usage, by both utility supplier and consumer, also encourage to start/reading/cutoff of supply remotely by the supplier.
- Smart meters deployment also enables the implementation of a Home Energy Management System (HEMS) or Building Energy Management System (BEMS) that allows visualization of the electric power usage in individual homes or entire buildings.
- Further, digitization is accelerating and modernizing energy efficiency measures, due to which the deployment of smart grids is increasing globally, as they are capable of dynamically optimizing supply and foster supply of large amounts of electricity from renewable energy sources such as solar power.
Key players in the global Global Smart Meters Market covered:
AEM SA, Aichi Tokei Denki, Apator SA, Arad Group, Azbil Kimmon Co. Ltd, Badger Meter Inc., Diehl Stiftung & Co. KG, Elster Group GmbH (Honeywell International Inc.), General Electric Company, Hexing Electric Company Ltd, Holley Technology Ltd, Itron Inc., Jiangsu Linyang Energy Co. Ltd, Kamstrup AS, Landis+ GYR Group AG, Mueller Systems LLC, Nanjing Xinlian Electronics Co. Ltd, Neptune Technology Group Inc., Ningbo Sanxing Electric Co. Ltd, Pietro Fiorentini, Sagemcom SAS, Sensus USA Inc. (Xylem Inc.), Shenzhen Hemei Group Co. Ltd, Wasion Group Holdings, Yazaki Corporation, Zenner International GmbH & Co. KG,
Recent Development:
- July 2020 - Pietro Fiorentini Group officially completed the acquisition of 100% of the shares of Fiorentini Gastechnik, an Austrian company in which the Group had held minority shareholdings since December 1992. The new subsidiary is in Vienna and acquired due to its consolidated presence in the regulation sector and its future potential in the measurement field. The goal is to increase the company's presence and importance in the Austrian market and seize the business opportunities that will arise in bordering countries.
- March 2020 - SENSUS USA INC. partnered with Grey Stone Corporation for the deployment of 120,000 new smart electricity meters. The cooperative�s smart utility network will include new Stratus IQ residential electricity meters and an upgrade from its existing mesh technology to the FlexNet communication network.
Market Segmentation by Type:
Single-phase Smart Meters
Three-phase Smart Meters
Market Segmentation by Application:
Residential
Commercial
Industrial
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Key Market Trends
Smart Electricity Meters Segment is Expected to Witness the Highest Growth
- Smart electric meter plays a significant role in the industrial, residential, manufacturing, and commercial sectors, as this meter measures the energy consumed by the consumers. The electric power industry continues to transition toward cleaner energy by modernizing the energy grids to smart meters. It will enable electric companies to enhance the energy grid's resilience and operations and help more gain more visibility into the system operations and thereby avoid outages.
- For instance, according to a report released by the Institute for Electric Innovation (IEI), in January 2020, the United States electric companies installed over 98 million smart electric meters in 2019, covering more than 70% of the US households. The total number of installed smart electric meters will rise to 107 million by the end of 2020.
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Asia-Pacific to Witness the Highest Growth in Smart Gas Meters
- China is making significant infrastructural investments to lay a new 40,000 km new gas pipeline that is expected to connect 470 million new people (according to GSMA). Such investments provide opportunities for the deployment of smart gas meters while considering the functional benefits that the smart metering infrastructure can provide.
- The Utility providers are partnering to develop an advanced metering platform in specific regions which is expected to drive the smart gas meter in the forecast period. For instance, in January 2019, Tokyo Gas, TEPCO Power Grid, and the Industrial Technology Research Institute (ITRI) collaborated to jointly conduct a demonstration project to develop a next-generation metering platform in area D of the Shalun Green Energy Science City.
Table of Contents: Global Smart Meters Market
- Chapter 1: outline of Global Smart Meters marketplace
- Chapter 2: worldwide market reputation and forecast through areas
- Chapter 3: worldwide marketplace popularity and forecast by using types
- Chapter 4: worldwide marketplace repute and forecast by using Downstream enterprise
- Chapter 5: marketplace riding issue evaluation
- Chapter 6: market opposition reputation by major producers
- Chapter 7: essential producers Presentation and market data
- Chapter 8: Upstream and Downstream marketplace investigation
- Chapter 9: Fetched and net part investigation
- Chapter 10: marketplace file end
- Chapter 11: research technique and Reference
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–Country Level analysis for any 5 countries of your choice.
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–40 analyst hours to cover any other data point.
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