Press release
Smart Meters Market Expected to Reach USD 42.58 Billion by 2029, with 8.3 % CAGR
Smart Meters Market
This comprehensive report delves into the intricacies of the Smart Meters Market, presenting a holistic analysis for stakeholders. The report combines past and current industry status, forecasts market size and trends, and communicates complex data in an accessible manner. Market leaders, followers, and newcomers are studied in-depth, with PORTER and PESTEL analyses exploring micro-economic influences.
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What are Smart Meters Market Dynamics?
Market Drivers and Restraints:
The upward trajectory of the global smart meters market is fueled by rapid technological progress, expanding residential and commercial sectors, and growing environmental awareness. Governments' focus on waste reduction and the escalating demand for electricity in developing nations provide further impetus. However, installation costs pose a challenge, which is managed by grid operators and utility providers.
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Smart Meters Market Segmentation?
The market for smart metres is divided into three categories based on type: electric, gas, and water. The segment's expansion is attributed to the increased focus on active pricing and the integration of expanding DER into the functioning power systems around the world. The smart electric metre is crucial for the manufacturing, commercial, residential, and industrial sectors since it tracks consumer energy consumption. The electric power business is continuing its transition to cleaner energy by modernising the infrastructure for electricity and installing smart metres. Electric companies will be able to increase the energy grid's operational efficiency and resilience, as well as gain better visibility into system operations and prevent interruptions.
The market is divided into three categories based on the end-user: residential, commercial, and industrial. In 2022, the Residential market sector accounted for 48% of the overall market. The expansion of this market is attributable to economic and technological progress as well as increased public support for requiring smart metres in developing nations like China and India. The demand for smart metres in the residential sector is being driven by the rise in consumption of home appliances such as air conditioners, televisions, lighting, refrigerators, ceiling fans, fabric washers, dishwashers, personal computers, and heating and air conditioning equipment in residential buildings.
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Who are Smart Meters Market Key Players?
1. Aclara Technologies LLC
2. Wasion Group Holdings
3. Elster Group SE
4. Jiangsu Linyang Energy Co. Ltd
5. Ningbo Sanxing Electric Co. Ltd
6. Kamstrup A/S
7. Hexing Electric Company Ltd
8. Itron Inc.
9. Holley Metering Limited
10. Sensus USA Inc.
11. Shenzhen Hemei Group Co. Ltd
12. General Electric Ltd
13. Diehl Stiftung & Co. KG
14. Hangzhou Beta Gas Meters Co. Ltd
15. Pietro Fiorentini
16. Sagemcom SAS
17. Apator S.A
18. Honeywell International
19. EDMI
20. Neptune Technology Group Inc.
21. Badger Meter
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Table of content for the Smart Meters Market includes:
Global Smart Meters Market: Research Methodology
Global Smart Meters Market: Executive Summary
Market Overview and Definitions
Introduction to the Global Market
Summary
Key Findings
Recommendations for Investors
Recommendations for Market Leaders
Recommendations for New Market Entry
Global Smart Meters Market: Competitive Analysis
MMR Competition Matrix
Market Structure by region
Competitive Benchmarking of Key Players
Consolidation in the Market
M&A by region
Key Developments by Companies
Market Drivers
Market Restraints
Market Opportunities
Market Challenges
Market Dynamics
PORTERS Five Forces Analysis
PESTLE
Regulatory Landscape by region
North America
Europe
Asia Pacific
Middle East and Africa
South America
COVID-19 Impact
Global Smart Meters Market Segmentation
Global Market, by Type (2022-2029)
Global Market, by Communication type(2022-2029)
Global Market, by End-User (2022-2029)
Regional Smart Meters Market (2022-2029)
Regional Market, by Type (2022-2029)
Regional Market, by Communication type (2022-2029)
Regional Market, by End-User (2022-2029)
Regional Market, by Country (2022-2029)
Global Company Profile: Key players
Company Overview by Country
Financial Overview
Global Presence
Capacity Portfolio
Business Strategy
Recent Developments
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Regional Insights:
In 2022, Asia Pacific commanded a substantial 37% market share, propelled by China's infrastructure investment in gas pipelines and Singapore's advanced meter deployment. India's ambitious Smart Meter National Program aims to replace 250 million traditional meters with smart alternatives. Meanwhile, North America anticipates a significant CAGR with substantial smart meter deployment and initiatives.
Key Offerings:
Past Market Size and Competitive Landscape (2018 to 2021)
Past Pricing and price curve by region (2018 to 2021)
Market Size, Share, Size & Forecast by different segment | 2022-2029
Market Dynamics - Growth Drivers, Restraints, Opportunities, and Key Trends by region
Market Segmentation - A detailed analysis by Product
Competitive Landscape - Profiles of selected key players by region from a strategic perspective
Competitive landscape - Market Leaders, Market Followers, Regional player
Competitive benchmarking of key players by region
PESTLE Analysis
PORTER's analysis
Value chain and supply chain analysis
Legal Aspects of business by region
Lucrative business opportunities with SWOT analysis
Recommendations
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