Press release
Smart Electric Meter Market 2023: Advance Technology, Business Overview, Demand, Revenue and Forecast 2032
Smart Electric Meter Market
As per the Smart Electric Meter market report by The Business Research Company, Increasing power demand across the globe is expected to drive the smart electric meter market. Rapid growth in socio-economic factors such as population, urbanization, net capital income, and industrial activities in both developed and developing economies have contributed to a rapid surge in demand for power across the globe. Increasing demand for power is expected to boost the utilization of smart meters, as government and utility service providers across the globe are investing in advanced metering infrastructure and technologies to attain error-free automated utility operations.
The global smart electric meter market size grew from $20.32 billion in 2022 to $22.2 billion in 2023 at a compound annual growth rate (CAGR) of 9.2%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services, and affecting many markets across the globe. The smart electric meter market size is expected to grow to $30.38 billion in 2027 at a CAGR of 8.2%.
Read More On The Smart Electric Meter Market Report Here:
https://www.thebusinessresearchcompany.com/report/smart-electric-meter-global-market-report
Major competitors in the Smart Electric Meter market include Itron Inc., Landis+Gyr, Schneider Electric, Siemens, Honeywell International Inc., Wasion Group, Aclara Technologies, Sensus USA Inc (XYLEM INC), Jiangsu Linyang Energy Co Ltd., General Electric, Holley Technology Ltd., ABB Ltd., EDMI Limited, Elster Group GmbH, Microchip Technology Inc., Badger Meter, and OSAKI Electric Co Ltd.
The Smart Electric Meter market is segmented -
1) By Type: Advanced Metering Infrastructure, Auto Meter Reading
2) By Phase: Single, Three
3) By Communication Technology: Power Line Communication, Radio Frequency, Cellular
4) By Application: Residential, Commercial, Utility
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Asia-Pacific was the largest region in the Smart Electric Meter market.
Request A Free Sample Of The Smart Electric Meter Market Report Here:
https://www.thebusinessresearchcompany.com/sample.aspx?id=6762&type=smp
The smart electric meter refer to an electronic device, which records information such as consumption of electric energy, voltage levels, current, and power factor. Smart electric meters capture more data frequently than analog meters and send the information to a central database for billing, troubleshooting, and other diagnostic activities. The smart advanced electric meters with integrated data processing and built-in two-way communication can instantly capture and send energy data in most commercial and industrial settings.
The Table Of Content For The Smart Electric Meter Market Include:
1. Executive Summary
2. Smart Electric Meter Market Characteristics
3. Smart Electric Meter Market Trends And Strategies
4. Smart Electric Meter Market - Macro Economic Scenario
5. Smart Electric Meter Market Size And Growth
......
26. Africa Smart Electric Meter Market
27. Smart Electric Meter Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Smart Electric Meter Market
29. Smart Electric Meter Market Future Outlook and Potential Analysis
30. Appendix
The "Global Smart Electric Meter Market Report 2023" from The Business Research Company is a comprehensive report that covers every facet of a market covering over 60 geographies and over 2500 market segments. The regional and country breakdowns section analyzes the market in each geography and the market size by region and country. Furthermore, it assesses the market's historical and projected growth and identifies significant trends and strategies that companies can leverage for business expansion.
Want To Know More About The Business Research Company?
The Business Research Company (www.thebusinessresearchcompany.com) is a market intelligence firm that pioneers in company, market, and consumer research. Located globally, TBRC's consultants specialise in various industries including manufacturing, healthcare, financial services, chemicals, and technology.
Global Market Model - World's Most Comprehensive Database
The Business Research Company's flagship product, Global Market Model (www.thebusinessresearchcompany.com/global-market-model) is a market intelligence platform covering various macroeconomic indicators and metrics across 60 geographies and 27 industries. The Global Market Model covers multi-layered datasets which help its users assess supply-demand gaps.
Want To Know More About The Business Research Company?
The Business Research Company (www.thebusinessresearchcompany.com) is a market intelligence firm that pioneers in company, market, and consumer research. Located globally, TBRC's consultants specialise in various industries including manufacturing, healthcare, financial services, chemicals, and technology.
Global Market Model - World's Most Comprehensive Database
The Business Research Company's flagship product, Global Market Model (www.thebusinessresearchcompany.com/global-market-model) is a market intelligence platform covering various macroeconomic indicators and metrics across 60 geographies and 27 industries. The Global Market Model covers multi-layered datasets which help its users assess supply-demand gaps.
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