Press release
Smart Electric Meter Market Global Analysis 2022-27: Top Companies Overview, Trends, Growth, Size and Forecast
Covid-19 Impact:
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
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Industry Definition and Application:
A smart electric meter sends the readings to the electricity supplier wirelessly and automatically through a secure smart data network. It measures the flow of electricity from the input to the output terminal and consists of a liquid crystal display (LCD) to show the readings of the parameters.
Global Smart Electric Meter Market Trends and Drivers:
One of the primary factors driving the market is the extensive growth in the communication network infrastructure, as it allows the companies to communicate efficiently. Additionally, numerous benefits provided by smart electric meters, including preventing disconnections, reducing meter reading costs, and removing inefficiencies in billing and reconnection costs is catalyzing the market growth.
Besides this, the augmenting demand for electricity in the commercial and residential sectors has increased the need for smart electric meters. Furthermore, the escalating digitalized electrical systems and the widespread installations of smart meters by utility companies are propelling the market growth. Some of the other growth-inducing factors include various initiatives undertaken by the governments of different nations to develop smart cities, growing demand for remote monitoring, controlling power grids and the rising development in cloud computing and analytics.
Global Smart Electric Meter Market 2022-2027 Analysis and Segmentation:
Competitive Landscape:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
ABB Ltd., Aclara Technologies LLC (Hubbell Incorporated), Genus Power Infrastructures Ltd., Holley Technology Ltd., Honeywell International Inc., Iskraemeco Group, Itron Inc., Jiangsu Linyang Energy Co. Ltd., Landis+Gyr, Microchip Technology Inc., Schneider Electric SE and Wasion Group.
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The report has segmented the market on the basis of region, type, phase and end user.
Breakup by Type:
• Advanced Metering Infrastructure (AMI)
• Automatic Meter Reading (AMR)
Breakup by Phase:
• Single Phase
• Three Phase
Breakup by End User:
• Industrial
• Commercial
• Residential
Breakup by Region:
• North America: (United States, Canada)
• Asia Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
• Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
• Latin America: (Brazil, Mexico, Others)
• Middle East and Africa
If you want latest primary and secondary data (2022-2027) with Cost Module, Business Strategy, Distribution Channel, etc. Click request free sample report, published report will be delivered to you in PDF format via email within 24 to 48 hours of receiving full payment.
Key highlights of the report:
• Market Performance (2016-2021)
• Market Outlook (2022- 2027)
• Porter's Five Forces Analysis
• Market Drivers and Success Factors
• SWOT Analysis
• Value Chain
• Comprehensive Mapping of the Competitive Landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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