Smart Meter Market Comprehensive Study: Growth Outlook and Key Players-Landis+Gyr, Itron, Honeywell International, Siemens AG.

The Smart Meter Market report by DataM Intelligence provides insights into the latest trends and developments in the market. This report identifies the key growth opportunities in the market and provides recommendations for market participants to capitalize on these opportunities. Overall, the Smart Meter market report is an essential resource for market participants who are looking to gain a comprehensive understanding of the market and identify opportunities for growth.

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Global Smart Meter Market reached US$ 22.6 billion in 2022 and is expected to reach US$ 37.2 billion by 2030, growing with a CAGR of 9.5% during the forecast period 2024-2031.

The Smart Meter Market focuses on advanced metering devices that monitor and record energy, water, or gas consumption in real-time. These meters enable two-way communication between utilities and consumers, supporting efficient energy management and billing. Market growth is driven by the increasing adoption of smart grid technologies, government initiatives for energy conservation, and the rising demand for accurate consumption data in residential, commercial, and industrial sectors.

Competitive Landscape

The section also contains information related to the new product launches, mergers, acquisitions, collaborations, etc., to give a clear understanding about the competitive landscape prevailing in the global market. With an emphasis on strategies there have been several primary developments done by major companies such as Landis+Gyr, Itron, Honeywell International, Siemens AG, Kamstrup, Iskraemeco, Elster Group, ABB, Sensus and Schneider Electric.

Key Developments:

On July 5, 2023, Indian smart metering company Genus Power & Infrastructures partnered with Singapore-based GIC, through its affiliate Gem View Investment, to launch a joint venture. This collaboration aims to create a dedicated funding platform to support smart meter projects across India, paving the way for enhanced energy efficiency and smarter utility management.

On December 28, 2022, Adani Transmission took a significant step in the smart metering space by establishing a subsidiary, BEST Smart Metering Ltd (BSML). Fully owned by Adani Transmission, BSML was formed with an equity capital of INR 1 lakh, divided into 10,000 shares valued at INR 10 each, to exclusively manage the company's smart meter business.

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Market Segments

The detailed segmentation offered in the report will help customers get a clear idea about the market segments and the factors that will drive segmental growth. The Smart Meter market has been segmented

By Product: Smart Electric Meter, Smart Gas Meter and Smart Water Meter.

By Technology: Advanced Metering Infrastructure and Automated Meter Reading device.

By Communication: Radio Frequency, Power Supply System, Cellular.

By Component: Hardware and Software.

By End-User: Residential, Commercial and Industrial

Research Process

Both primary and secondary data sources have been used in the global Smart Meter Market research report. During the research process, a wide range of industry-affecting factors are examined, including governmental regulations, market conditions, competitive levels, historical data, market situation, technological advancements, upcoming developments, in related businesses, as well as market volatility, prospects, potential barriers, and challenges.

Regional Analysis for Smart Meter Market:

⇥ North America (U.S., Canada, Mexico)

⇥ Europe (U.K., Italy, Germany, Russia, France, Spain, The Netherlands and Rest of Europe)

⇥ Asia-Pacific (India, Japan, China, South Korea, Australia, Indonesia Rest of Asia Pacific)

⇥ South America (Colombia, Brazil, Argentina, Rest of South America)

⇥ Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East & Africa)

**The full version of the report includes an in-depth analysis of emerging players and startups, which will provide valuable insights into the evolving market landscape and key strategies being adopted**

This Report Covers:

✔ Go-to-market Strategy.

✔ Neutral perspective on the market performance.

✔Development trends, competitive landscape analysis, supply side analysis, demand side analysis, year-on-year growth, competitive benchmarking, vendor identification, and other significant analysis, as well as development status.

✔Customized regional/country reports as per request and country level analysis.

✔ Potential & niche segments and regions exhibiting promising growth covered.

✔ Analysis of Market Size (historical and forecast), Total Addressable Market (TAM), Serviceable Available Market (SAM), Serviceable Obtainable Market (SOM), Market Growth, Technological Trends, Market Share, Market Dynamics, Competitive Landscape and Major Players (Innovators, Start-ups, Laggard, and Pioneer).

Chapter Outline

⏩ Market Overview: It contains five chapters, as well as information about the research scope, major manufacturers covered, market segments, Smart Meter market segments, study objectives, and years considered.

⏩ Market Landscape: The competition in the Global Smart Meter Market is evaluated here in terms of value, turnover, revenues, and market share by organization, as well as market rate, competitive landscape, and recent developments, transaction, growth, sale, and market shares of top companies.

⏩ Companies Profiles: The global Smart Meter market's leading players are studied based on sales, main products, gross profit margin, revenue, price, and growth production.

⏩ Market Outlook by Region: The report goes through gross margin, sales, income, supply, market share, CAGR, and market size by region in this segment. North America, Europe, Asia Pacific, Middle East & Africa, and South America are among the regions and countries studied in depth in this study.

⏩ Market Segments: It contains the deep research study which interprets how different end-user/application/type segments contribute to the Smart Meter Market.

⏩ Market Forecast: Production Side: In this part of the report, the authors have focused on production and production value forecast, key producers forecast, and production and production value forecast by type.

⏩ Research Findings: This section of the report showcases the findings and analysis of the report.

⏩ Conclusion: This portion of the report is the last section of the report where the conclusion of the research study is provided.

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Frequently asked questions:

➠ What is the global sales value, production value, consumption value, import and export of Smart Meter market?

➠ Who are the global key manufacturers of the Smart Meter Industry? How is their operating situation (capacity, production, sales, price, cost, gross, and revenue)?

➠ What are the Smart Meter market opportunities and threats faced by the vendors in the global Smart Meter Industry?

➠ Which application/end-user or product type may seek incremental growth prospects? What is the market share of each type and application?

➠ What focused approach and constraints are holding the Smart Meter market?

➠ What are the different sales, marketing, and distribution channels in the global industry?

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