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Smart Electric Market 2023 Driving Factors Forecast Research 2029

09-01-2023 08:48 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: orion market research

Smart Electric Market

Smart Electric Market

The global smart electric meter market is anticipated to grow at a considerable CAGR of 7.6% during the forecast period. The growth of the market is attributed to favorable government initiatives and funding such as smart city projects by the European and Asia- Pacific government. In India, the government planned to build 90 smart cities by 2022. Additionally, the British government had planned to install a smart meter in every home by 2020. According to the national renewable energy laboratory, in the US 60 million smart electric meters will be installed by 2019. The cohesive government policies and initiatives are driving the growth of the smart electric meter market. Concepts of smart homes and smart cities and energy conservation by use of smart electric meters are also factors that are stimulating the market growth. However, a lack of a skilled workforce and reluctance by key end-users to adopt new technology may hamper the growth of the smart electric meter market. Moreover, interoperability issues and radiofrequency emissions are also expected to restrain market growth to some extent. With favorable government mandates and legislations, North America and Europe are expected to witness significant growth in the smart electric meter market.

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Major regions are discussed here includes Europe, Middle East, Africa, North America, Latin America and Asia Pacific. Target audience has grown fast therefore it is important to understand their needs and nothing is better than referring a good Smart Electric Meter Market research report as it covers all the details. Such report allows business owners to well-serve them. Market research also allows enhancing customers' buying decision and provides detailed information on pricing structure of major regions. Important data collection about the entire market is essential for market growth and Smart Electric Meter Market report is the best medium to attain this.

Smart Electric Meter Market research report also allows testing novel product features and gathering feedback from target customers. It works as the best guide in the product development. Another key part covered in this Smart Electric Meter Market report is it allows making effective communication with customers and understanding competitors in the market. It further aims at providing accurate view of where to stack up in comparison. It provides understanding of position of different competitors in the market to spot out their strengths as well as weaknesses to help key players in addressing them better. Thorough data provided here includes competitive analysis for the estimation period 2022-2028 allows getting actionable insights into a huge amount of data of competitors. Secondary research technique can also be used to collect important market data. Smart Electric Meter Market research report refers to the activity of collecting data related to market preferences as well as requirements. It affects each aspect of the business including product, consumer service and the brand. Smart Electric Meter Market report also allows following important steps to fulfill the needs and reduce the risk involved in the business. Latest corona virus related details are also shared in this market study report to make aware about current market position and its impact on market.

full report of Smart Electric Meter Market available @ https://www.omrglobal.com/industry-reports/smart-electric-meter-market

• Market Coverage
• Market number available for - 2023-2029
• Base year- 2022
• Forecast period- 2023-2029
• Segment Covered- By Source, By Product Type, By Applications
• Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
• Inc., and others

Market Segmentation
Global Smart Electric Meter Market by Communication Technology
• Power Line Communication
• Cellular
• Radio Frequency

Global Smart Electric Meter Market by Phase
• Single Phase
• Three Phase

Global Smart Electric Meter Market by End-User
• Residential
• Commercial
• Industrial

Regional Analysis
• North America
• United States
• Canada
• Europe
• UK
• Germany
• Italy
• Spain
• France
• Rest of Europe
• Asia-Pacific
• China
• India
• Japan
• South Korea
• Rest of Asia-Pacific
• Rest of the World

Company Profiles
• Aclara Technologies LLC
• ELSTER GROUP SE
• GE Grid Solutions
• HOLLEY METERING
• Iskraemeco, d.d.
• Itron
• KAMSTRUP
• LANDIS+GYR
• NuriFlex
• SAGEMCOM
• SCHNEIDER ELECTRIC SE
• SENSUS
• SIEMENS ENERGY
• S&T AG
• Tantalus Systems Holding Inc
• TOSHIBA CORP
• Trilliant Holdings, Inc.
• WASION GROUP
• ZIV Automation

The Report Covers
• Market value data analysis of 2021 and forecast to 2028.
• Annualized market revenues ($ million) for each market segment.
• Country-wise analysis of major geographical regions.
• Key companies operating in the global smart electric meter market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
• Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
• Analysis of market entry and market expansion strategies.
• Competitive strategies by identifying 'who-stands-where' in the market.

For More Customized Data, Request for Report Customization @ https://www.omrglobal.com/report-customization/smart-electric-meter-market

About Orion Market Research
Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services. The company also offer Digital Marketing services through its subsidiary OMR Digital and Software development and Consulting Services through another subsidiary Encanto Technologies.

Media Contact:
Company Name: Orion Market Research
Contact Person: Mr. Anurag Tiwari
Email: info@omrglobal.com
Contact no: +91 780-304-0404

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