Press release
Smart Electricity Meter Market Revenue, Status and Outlook 2022 to 2026: Hexing Electric Company Ltd, Itron Inc, Holley Technology Ltd, Sensus USA Inc
The Smart Electricity Meter Market provides a unique tool for evaluating the market highlighting opportunities, and supporting strategic and tactical decision-making. This report recognizes that in this rapidly-evolving and competitive environment, up-to-date marketing information is essential to monitor performance and make critical decisions for growth and profitability. It provides information on trends and developments, and focuses on markets capacities and on the changing structure of the Smart Electricity Meter Market forecast 2026.The global smart electricity meter market is expected to witness a CAGR of -2.37 % over the forecast period 2021 - 2026.
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The Smart Electricity Meter market is highly competitive and consists of a number of major players. Companies like Landis+gyr Group AG, Wasion Group Holdings, Elster Group GMBH (Honeywell International Inc.), Jiangsu Linyang Energy Co. Ltd, Sagemcom SAS, Ningbo Sanxing Electric Co. Ltd, Kamstrup A/S, Hexing Electric Company Ltd, Itron Inc, Holley Technology Ltd, Sensus USA Inc. (Xylem Inc), Nanjing Xinlian Electronics Co. Ltd, Shenzhen Hemei Group Co, Ltd Amongst Others.
Key Developments:
- July 2020- UAB Elgama Elektronika, a holding subsidiary of Jiangsu Linyang Energy Co., LTD. announced winning the bidding of Smart electricity meter project of PGE Dystrybucja S.A. and Innogy Stoen Operator (hereinafter referred to as Innogy Company).
- Sept 2020- Sagemcom SAS partnered with ELLEVIO and its own local Partner, ONE Nordic to improve the Swedish electricity system by being one the first Nordic DSO to start its 2nd generation smart meters large scale rollout. In less than 8 months and within a specific context, Sagemcom has developed and certified the new generation of smart meters which are installed in the field by ONE Nordic since June 2020 in Stockholm area.
Key Market Trends:
Residential Segment to Be The Fastest Growing
- Smart electric meter plays a significant role in the residential sector, as this meter measures the energy consumed by the consumers. The increasing smart grid investments and the surge in the rate of integration of renewable sources of power generation to the existing grids, in developed economies, are expected to support the growth of the smart electric meter market.
- The meter measures the electricity consumption and communicates this to the central utility system. Globally, installations of these devices in the residential sector help in the reduction of CO2 emissions, owing to the increased consumer's inclination toward peak time savings of energy.
- The increasing residential construction activities and government mandates, like EU 20-20-20 policy aiming to convert over 80% of the installed meter base to a smart one, have ensured growth prospects in the demand for smart electric meters.
- Residential applications of a smart meter include standalone autonomous houses and suburban/urban apartments. These applications are expected to grow, gradually, due to the factors, like a regulatory, administrative framework, along with the rise in awareness concerning the reduction of energy consumption and aligned expenses.
Browse the Full report description and TOC at:
https://www.marketinsightsreports.com/reports/02082592096/smart-electricity-meter-market-growth-trends-covid-19-impact-and-forecasts-2021-2026?Mode=Iris
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 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: Smart Electricity Meter 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 analyze the growth of the key players operating in the market.
Frequently asked questions by our customers:
-What are the drivers governing the growth of the market?
-What is the annual growth rate of the Smart Electricity Meter market?
-What is the impact of Covid-19 on the market?
Finally, Smart Electricity Meter Market report is the believable source for gaining the Market research that will exponentially accelerate your business. The report gives the principal locale, economic situations with the item value, benefit, limit, generation, supply, request and Market development rate and figure and so on. This report additionally Present new task SWOT examination, speculation attainability investigation, and venture return investigation.
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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 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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