Global Smart Meters Market 2022-2027 skyrocketed revenue with key players AEM SA, Aichi Tokei Denki, Apator SA, Arad Group

Latest research on Global Smart Meters Market report covers forecast and analysis on a worldwide, regional and country level. The study provides historical information of 2016-2021 together with a forecast from 2022 to 2026 supported by both volume and revenue (USD million). The entire study covers the key drivers and restraints for the Global Smart Meters market. This report included a special section on the Impact of COVID19. Also, Global Smart Meters Market (By major Key Players, By Types, By Applications, and Leading Regions) Segment's outlook, Business assessment, Competition scenario and Trends. The report also gives 360-degree overview of the competitive landscape of the Global Smart Meters industry.

The smart meter market witnessed a shipment of approximately 136.45 million units of smart meters globally in 2020 and is estimated to reach 198.53 million units by 2026, registering a CAGR of 6.6% for the forecast period (2021-2026). 

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The Global Smart Meters market is highly competitive and consists of a number of major players. Top Companies like 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

Industry News And Developments:

- 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 com

Regional Analysis:

Furthermore, to broaden the understanding, researchers have studied the global Global Smart Meters market from a geographical point of view, considering the potential regions and countries. The regional analysis will assist the market players in making sound decisions regarding their future investments.

Global Smart Meters Market report includes the following geographic areas such as North America, Europe, China, Japan, Southeast Asia, India and ROW.

Scope of the Report

- 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.

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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.

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.

What are the market factors that are explained in the report?

-Key Strategic Developments: The study also includes the key strategic developments of the market, comprising R&D, new product launch, M&A, agreements, collaborations, partnerships, joint ventures, and regional growth of the leading competitors operating in the market on a global and regional scale.

-Key Market Features: The report evaluated key market features, including revenue, price, capacity, capacity utilization rate, gross, production, production rate, consumption, import/export, supply/demand, cost, market share, CAGR, and gross margin. In addition, the study offers a comprehensive study of the key market dynamics and their latest trends, along with pertinent market segments and sub-segments.

-Analytical Tools: Global Smart Meters Market report includes the accurately studied and assessed data of the key industry players and their scope in the market by means of a number of analytical tools. The analytical tools such as Porter's five forces analysis, feasibility study, and investment return analysis have been used to analyzed the growth of the key players operating in the market. 

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