Press release
Smart Electricity Meters Market Top Key Players Analysis 2022 by Size, Share, Trends, CAGR of 6.2% and Forecast 2029
The global Smart Electric Meter Market is projected to grow USD 13.49 billion in 2028 at a CAGR of 6.2% in the 2022-2029 period.Smart Electricity Meters Market Overview
The rapid increase of urbanisation and many smart city programmes around the world has resulted in a surge in demand for smart metres. The software and cloud computing revolution has resulted in a tremendous increase in demand for smart devices, necessitating the investment in smart metering systems. Smart metres are commonly used to measure electricity, gas, and water use. A smart metre is fitted with features that allow it to track client power consumption and report it to the utility company on a monthly or daily basis, depending on the needs. The meter's main advantage is its precision in reading and the elimination of manual involvement in noting readings and producing electricity bills. Because the recorded power use is visible, smart metres promote transparency.
The global Smart Electricity Meters market report widely offers the latest information about technological developments and market growth forecasts based on the regional landscape.
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Industry Development
Digital transformation imperative for sustainable future and an AatmaNirbhar Bharat: Schneider Electric
Schneider Electric, the global leader in the digital transformation of energy management and automation, held the Innovation Summit India 2021 virtually from October 19 to 21. At the Summit, experts highlighted the relevance of accelerating the digital transformation to create a sustainable future for a self-reliant India.
Research Methodology:
To calculate the market size, the report considers the revenue generated from the sales of Smart Electricity Meters market manufacturers. The revenue created from the sales of Smart Electricity Meters Market has been calculated through primary and secondary research.
The market size assessment also considered leading players revenues as part of triangulation the key players considered are General Electric, Apator, Honeywell Elster, Kamstrup, Itron, Larsen & Toubro Limited, Schneider Electric, Aclara Technologies, Circutor SA, Osaki Electric and Others.
The Smart Electricity Meters Market has been segmented as below:
Smart Electricity Meters Market by Phase, 2019-2028, (In USD Million)
Single Phase
Three-Phase
Smart Electricity Meters Market by Technology Type, 2019-2028, (In USD Million)
Power Line Communication
Radio Frequency
Cellular
Smart Electricity Meters Market by End User, 2019-2028, (In USD Million)
Residential
Commercial
Industrial
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Smart Electricity Meters Market: Regional Analysis
Geographically, this report is segmented into several key countries, with market size, growth rate, import and export of Smart Electricity Meters market in these countries, which covering North America, U.S., Canada, Europe, UK, Germany, France, Spain, Italy, ROE, Asia Pacific, China, India, Japan, Australia, South Korea, RoAPAC, Latin America, Brazil, Mexico and Rest of the World.
Geographically, the market is dominated by APAC, North America and Europe.
Major Key areas that have been focused on in the report:
Raw material supply analysis
Major trends noticed in the Global Smart Electricity Meters Market
Market Geographic limitations, and pricing issues
Distribution, scheduling, performance, and supplier requirements
Growth opportunities that may emerge in the industry in the upcoming years
In-depth value chain analysis
Sustainability trends and environmental concerns
Market Gap and Opportunities
Global Market Growth Drivers, Opportunities, and Constraints.
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