Press release
Middle East & Africa Smart Meters Market To Witness Astonishing Growth - 2027 | Key Players: LANDIS+GYR Group AG, Iskraemeco, d.d., Electromed (Termikel Group)
The Middle East & Africa Smart Meters Market report offers an in-depth assessment of market dynamics, the competitive landscape, segments, and regions in order to help readers to become familiar with the Middle East & Africa Smart Meters market. It particularly sheds light on market fluctuations, pricing structure, uncertainties, potential risks, and growth prospects to help players to plan effective strategies for gaining successful in the Middle East & Africa Smart Meters market. Importantly, it allows players to gain deep insights into the business development and market growth of leading companies operating in the Middle East & Africa Smart Meters market.The smart meters market had approximately 4.61 million units shipped across the Middle East & Africa in 2020, and the number is estimated to reach 8.62 million units by 2026, registering a CAGR of 11.4% during the period, 2021-2026.
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Top Leading Companies of Middle East & Africa Smart Meters Market are - LANDIS+GYR Group AG, Iskraemeco, d.d., Electromed (Termikel Group), Kamstrup AS and others.
Industry News and Updates:
- Sep 2020 - Iskraemeco announced the signing of Il Monte GalalaAin El Sokhna's contract with Tatweer Misrfor Smart Metering Solution for 8000 electricity and water smart meters. Tatweer Misr is one of Egypt's leading real estate developers. As a part of the contract, the company will install and maintain Il Monte Galalawith 8000 smart electricity and water meters, in addition to a head-end software system SEP2W.
- Jan 2020 - Landis+Gyr partnered with WWZ AG, supplier of energy, telecommunications, and water to the population and businesses in the Swiss canton of Zug, to supply the technology for the first wave smart meter rollout. The scope includes cutting-edge meters as well as the requisite communication technology and a meter data processing service, which are implemented in cooperation with a third-party provider.
Key Market Trends:
Commercial Sector to Hold Significant Share
- The commercial infrastructure in smart metering includes hospitals, offices, schools, retailers, and restaurants, among others. The real benefit for the commercial users is that they can keep a closer eye on the volume used, therefore, lowering or streamlining the amount spent on a daily basis. Additionally, features, like real-time monitoring with analysis can offer the small business in the region with the ability to address any wastage.
- The water shortage in schools in South Africa has led to the high adoption of smart water meters. In December 2017, in South Africa, schools faced a massive water shortage, which, in turn, compelled organizations to integrate smart water meters, to monitor and reduce the unnecessary consumption of water.
Supportive Government Initiatives and Regulations Driving the Market
- The countries in the region carry multiple government activities to support the installation of smart meters in the residential sector. For instance, the plan for large-scale smart metering implementation, supporting Saudi Electric Company's (SEC) goal for improving energy efficiency, has been set in motion. With the growing number of metering points, especially in the residential sector, Saudi Arabia aims to install around 12 million smart meters across the Kingdom by 2025.
- Supportive government initiatives and regulations are vital factors to be considered in the rollout of smart meters in many markets. Increasing government support by the government in various nations, coupled with significant investments, is expected to boost the rollout of smart meters across the region.
Investigator Observers Strong Growth in Specific Regions:
- Europe Market (Germany, UK, France, Russia, Italy)
- Center East and Africa Market (Saudi Arabia, UAE, Egypt, Nigeria, South Africa)
- South America Market (Brazil, Argentina, Colombia)
- North America Market (United States, Canada, Mexico)
- Asia Pacific Market (China, Japan, Korea, India, Southeast Asia).
The Latest Industry Data Included in this Report:
- Middle East & Africa Smart Meters Market Size & Analysis (2016 - 2026)
- Market Share Analysis of Middle East & Africa Smart Meters Market (%),2016 - 2026
- Middle East & Africa Smart Meters Market Share, By Brand
- Middle East & Africa Smart Meters Market Share, By Company
- Middle East & Africa Smart Meters Market Assessment & Opportunity (Value),2016 - 2026
- Major Companies Middle East & Africa Smart Meters Market Value Analysis & Forecast
- Promising Middle East & Africa Smart Meters Development by Major Companies
- Detailed Middle East & Africa Smart Meters Portfolio of the Major Companies
- Major Deals in the Middle East & Africa Smart Meters Market
- Major Companies Analysis
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https://www.marketinsightsreports.com/reports/02082591900/middle-east-africa-smart-meters-market-growth-trends-covid-19-impact-and-forecasts-2021-2026?Mode=namita
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- Country Level analysis for any 5 countries of your choice.
- Competitive analysis of any 5 key market players.
- 40 analyst hours to cover any other data point.
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Irfan Tamboli (Head of Sales) - Market Insights Reports
Phone: + 1704 266 3234 | +91-750-707-8687
sales@marketinsightsreports.com | irfan@marketinsightsreports.com
About Us:
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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