Press release
Global Smart Electric Meter Market To Be Driven By The Smart Grid Industry In The Forecast Period Of 2021-2026
The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter's Five Forces models.
Get a Free Sample Report with Table of Contents - https://www.expertmarketresearch.com/reports/smart-electric-meter-market/requestsample
The key highlights of the report include:
Market Overview (2016-2026)
• Historical Market Size (2020): USD 10.8 billion
• Forecast CAGR (2021-2026): 8%
• Forecast Market Size (2026): USD 17.2 billion
Smart electricity metering systems are used to reduce peak electricity demand and to enable end-users to easily track and reduce their power usage. The smart grid market is rising, which is an important driver of global smart electric market development. Utility companies are increasingly focused on the widespread implementation of smart grid systems to provide safe and effective energy management on a regional level.
The smart electric meter is a critical component of the smart grid infrastructure since it can communicate with data collection points in both directions. As a result, the smart grid market would have an immediate impact on the smart electric meter market. Government legislation requiring the enhancement of existing grid infrastructure and the reduction of power theft would boost product demand. The booming real estate market and the rapid digital transformation of power utilities are primarily responsible for the evolution of smart metering systems.
Industry Definition and Major Segments
A smart electric metre is an electronic system that tracks electrical energy usage and transmits the data to the electricity supplier for tracking and billing on a monthly or regular basis, depending on the needs. The main benefit of a smart electric metre is its precision in terms of reading and the elimination of manual intervention in noting readings and producing electricity.
Read Full Report with Table of Contents - https://www.expertmarketresearch.com/reports/smart-electric-meter-market
Smart electric meter can be divided on the basis of type into:
• Automatic Metering Infrastructure (AMI)
• Automatic Meter Reading (AMR)
Smart electric meter can be classified on the basis of phase into:
• Single Phase
• Three Phase
On the basis of communication type, smart electric meter can be divided into:
• Power Line Communication
• Radio Frequency
• Cellular
On the basis of technology, smart electric meter can be segmented into:
• Power Line Communication
• Radio Frequency
Smart electric meter finds its end uses in the following:
• Residential
• Commercial
• Industrial
The regional markets for smart electric market can be divided into:
• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa
Industry trends
The industry would benefit from the implementation of favourable regulatory policies that encourage the replacement of traditional metres with smart metering systems to efficiently track and regulate power consumption. The rising public and private sector investments in smart grid implementation would augment the business environment. The demand would expand because of ongoing industrialisation, economic development, and increased urbanisation.
Consumers' attention has turned toward the adoption of new technology as their living conditions have improved significantly because of rising per capita income. The introduction of energy codes to create energy efficient buildings to reduce utility costs and conserve power would boost product adoption even further.
The industry revenue will be boosted by the rising demand for high-tech equipment to track and regulate energy usage. Leading public and private companies are pouring money into integrating cloud-based software and technology into residential and industrial buildings, boosting technological acceptance.
Key Market Players
The major players in the market are Landis+ Gyr AG, Xylem Inc, Elster Group (Honeywell International Inc), Itron Inc., Siemens AG, Aclara Technologies LLC, Microchip Technology Inc., Wasion Group, and Schneider Electric, among others. The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.
Related Reports:
Neuromodulation Devices Market: https://www.expertmarketresearch.com/reports/neuromodulation-devices-market
Bronchial Spasms Treatment Market: https://www.expertmarketresearch.com/reports/bronchial-spasms-treatment-market
Cold Agglutinin Disease Treatment Market: https://www.expertmarketresearch.com/reports/cold-agglutinin-disease-treatment-market
Adeno-Associated Virus Vector-Based Gene Therapy Market: https://www.expertmarketresearch.com/reports/adeno-associated-virus-vector-based-gene-therapy-market
Cosmetics Market: https://www.expertmarketresearch.com/reports/cosmetics-market
Retail Market: https://www.expertmarketresearch.com/reports/retail-market
Jewellery Market: https://www.expertmarketresearch.com/reports/jewellery-market
Semiconductor Market: https://www.expertmarketresearch.com/reports/semiconductor-market
Portable Media Players Market: https://www.expertmarketresearch.com/reports/portable-media-players-market
Big Data Market: https://www.expertmarketresearch.com/reports/big-data-market
Media Contact:
Company Name: Claight Corporation
Contact Person: Mathew Williams, Business Consultant
Email: sales@expertmarketresearch.com
Toll Free Number: US +1-415-325-5166 | UK +44-702-402-5790
Address: 30 North Gould Street, Sheridan, WY 82801, USA
Website: https://www.expertmarketresearch.com
About Us:
Expert Market Research (EMR) is leading market research company with clients across the globe. Through comprehensive data collection and skilful analysis and interpretation of data, the company offers its clients extensive, latest and actionable market intelligence which enables them to make informed and intelligent decisions and strengthen their position in the market. The clientele ranges from Fortune 1000 companies to small and medium scale enterprises.
EMR customises syndicated reports according to clients' requirements and expectations. The company is active across over 15 prominent industry domains, including food and beverages, chemicals and materials, technology and media, consumer goods, packaging, agriculture, and pharmaceuticals, among others.
Over 3000 EMR consultants and more than 100 analysts work very hard to ensure that clients get only the most updated, relevant, accurate and actionable industry intelligence so that they may formulate informed, effective and intelligent business strategies and ensure their leadership in the market.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Global Smart Electric Meter Market To Be Driven By The Smart Grid Industry In The Forecast Period Of 2021-2026 here
News-ID: 2855282 • Views: …
More Releases from Expert Market Research
Bed and Bath Linen Market Trends, Growth & Forecast 2025-2034
The global bed and bath linen market is witnessing strong growth due to increasing consumer focus on home décor, comfort, and luxury. Rising disposable incomes, urbanization, and the booming hospitality sector are further boosting demand for premium-quality bed sheets, pillowcases, towels, and bathrobes. Technological innovations in fabrics, such as antimicrobial, wrinkle-resistant, and sustainable textiles, are shaping consumer preferences. In addition, the expansion of online distribution channels has made luxury and…
Global Fruit Juice Market Size, Report and Forecast 2025-2034
The latest report from Expert Market Research titled, "Global Fruit Juice Market Size, Report and Forecast 2025-2034," offers a comprehensive analysis of the global fruit juice market, examining it across various segments such as types, flavours, distribution channels, and key regions.
The report identifies and tracks the latest trends shaping the industry and evaluates their impact on the overall market dynamics. It also provides a thorough assessment of the market, covering…
Global Fluorspar Market Forecast 2025-2034: Growth, Trends, and Key Insights
According to the latest report by Expert Market Research (EMR), the global Fluorspar Market Size is projected to grow at a CAGR of 5.60% between 2025 and 2034. The market is expected to experience significant growth by 2034, driven by the increasing demand for fluorspar across industries such as manufacturing, chemicals, and metallurgy.
Fluorspar, also known as fluorite, is a key industrial mineral composed of calcium fluoride (CaF2). It is crucial…
Why will smart pulse oximeters market hit $3.50Bn by 2034?
smart pulse oximeters market Overview
The smart pulse oximeters market has become a pivotal part of modern healthcare infrastructure, especially in the wake of increasing cardiovascular and respiratory ailments. These technologically enhanced devices measure blood oxygen saturation and pulse rate, often offering wireless connectivity to mobile apps for better health tracking. Their growing application in hospitals, ambulatory settings, and home healthcare environments reflects the market's evolving dynamics. Key drivers include the…
More Releases for Smart
Smart Cities Market is Expected to Witness CAGR of 17.3% by 2027 with Applicatio …
A smart city is an urban unit or area that uses various types of electronic Internet of Things (IoT) devices to collect data and then use the insights to manage resources, assets, and services effectively. Green building is a growing trend in the global smart cities market. Constructing eco-friendly infrastructure facilities can provide a sustainable environment in the cities. Moreover, governments are focused on constructing energy-efficient buildings, in order…
Internet of Things (IoT) Devices Market By Type (Computing Devices, Smart Media, …
On a global scale, the Internet of Things (IoT) Devices market is currently showing significant development. The innovative methods and market study have helped many of the major players Samsung Electronics, Apple, Lenovo, ASUS, Acer, Huawei, Coolpad, LG Electronics, Google, Panasonic, Microsoft, Brother Industries, Honeywell, Fitbit, Lenovo to carve a name for themselves in the competitive global market. The Internet of Things (IoT) Devices market is experiencing a massive growth…
Global Smart Cities Market by Component (Hardware, Software) by Application (Sma …
Global Smart Cities Market: Overview
The global smart cities market is expected to reach a mark of over USD 3000 billion by 2024, at a CAGR over 21% during the forecast period. Significant growth in next-generation technologies such as artificial intelligence AI, personalized healthcare, sustainable energy generation and robotics are driving the smart cities’ future. Moreover, the increase in residential preference towards the adoption of advanced information and communication technologies ICT…
Global Smart Infrastructure - A Smart Approach To Smart Cities In 2016
Slowly but surely we are beginning to see a transformation take place in many parts of the world, as governments and councils realise they need to take a holistic approach to future city-wide development. In Australia, for example, we see that Adelaide, Canberra, Newcastle, Lake Macquarie, Sydney, Ipswich and Sunshine Coast have all been identified as being among the leading smart cities. The Netherlands also has great examples of emerging…
Global Smart Infrastructure - A Smart Approach To Smart Cities In 2016
The global smart city transformation is underway
Slowly but surely we are beginning to see a transformation take place in many parts of the world, as governments and councils realise they need to take a holistic approach to future city-wide development. In Australia, for example, we see that Adelaide, Canberra, Newcastle, Lake Macquarie, Sydney, Ipswich and Sunshine Coast have all been identified as being among the leading smart cities. The Netherlands…
Smart Kitchen Appliances Market ( Smart Refrigerators, Smart Dishwashers, Smart …
The rising demand for smart kitchen appliances is linked to their premium design that offers better effectiveness and more comfort than their traditional counterparts. With energy efficiency at its core, the global market for smart kitchen appliances is expected to surge at a robust pace in the near future.In a report titled “Smart Kitchen Appliances Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 - 2022,” Transparency…
