Press release
Smart Electricity Meter Market Analysis and Technology Advancement Outlook 2022 to 2027
New York, March 22nd 2022, Market Insights Reports has released its latest market research report on the Smart Electricity Meter Market.The Smart Electricity Meter 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 Smart Electricity Meter 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 Smart Electricity Meter market. Importantly, it allows players to gain deep insights into the business development and market growth of leading companies operating in the Smart Electricity Meter market.
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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Top Leading Companies of Smart Electricity Meter Market are - 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 and others.
Industry News and Updates:
- 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.
United States to Hold Major Share
- The market for automatic meter reading solutions is reaching maturity in the United States, resulting in a receding market in the country, the sizes of the project are now decreasing from millions to a small multiple of 10,000s.
- However, the replacement of first-generation meters and the shift to advanced metering infrastructure (with higher capabilities and improved technology) are expected to revive the smart electricity meters market in the future.
- At the same time, the increasing competition among companies, especially Chinese manufacturers, is resulting in a reduction of the per-unit price of smart electricity meters, affecting the net revenue of this market.
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:
- Smart Electricity Meter Market Size & Analysis (2016 - 2026)
- Market Share Analysis of Smart Electricity Meter Market (%),2016 - 2026
- Smart Electricity Meter Market Share, By Brand
- Smart Electricity Meter Market Share, By Company
- Smart Electricity Meter Market Assessment & Opportunity (Value),2016 - 2026
- Major Companies Smart Electricity Meter Market Value Analysis & Forecast
- Promising Smart Electricity Meter Development by Major Companies
- Detailed Smart Electricity Meter Portfolio of the Major Companies
- Major Deals in the Smart Electricity Meter Market
- Major Companies Analysis
Browse Full Report at:
https://www.marketinsightsreports.com/reports/02082592096/smart-electricity-meter-market-growth-trends-covid-19-impact-and-forecasts-2021-2026?Mode=namita
We Offer Customization on Report Based on Specific Client Requirement:
- 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.
Contact Us:
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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