The global Smart Meters market was valued at 81.29 Million USD in 2021 and is projected to increase at a CAGR of 9.59% from 2021 to 2027.
Final Report will add the analysis of the impact of COVID-19 on this industry.
Global “Smart Meters Market“ report offers insights into the latest growth and trends. It summarizes key aspects of the market, with focus on leading key player’s areas that have witnessed the highest demand, leading regions and applications. It also offers qualitative as well as quantitative information regarding the factors, challenges, and opportunities that will define the growth of the market over 2022-2026, The Report Contain Many Pages With Detailed Analysis. The report aims to provide an additional illustration of the latest scenario, economic slowdown, and COVID-19 impact on the overall industry.
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A smart meter is usually an electronic device that records consumption of electric energy in intervals of an hour or less and communicates that information at least daily back to the utility for monitoring and billing. Smart meters enable two-way communication between the meter and the central system. Unlike home energy monitors, smart meters can gather data for remote reporting. Such an advanced metering infrastructure differs from traditional automatic meter reading in that it enables two-way communications with the meter.The largest smart meters markets have been North America, Europe and APAC (particularly China). And the market is supplied by a combination of large multinational firms and smaller local manufacturers. The leading global firms include Landis+Gyr (based in Switzerland but owned by Toshiba Corp. of Japan), GE Digital Energy (United States), Itron (United States), Aclara (United States), Elster Group (Germany), Sensus (United States) and Holley Metering (China), among others. These companies tend to compete against each other globally to supply most of the largest smart meter markets. In many markets, these leading global firms also face competition from local manufacturers. In China, for example, local manufacturers supply the bulk of the market.
Global Smart Meters Market: Drivers and Restrains
Smart Meters market is split by Type and by Application. For the period 2022-2026, the growth among segments provides accurate calculations and forecasts for sales by Type and by Application in terms of volume and value. This analysis can help you expand your business by targeting qualified niche markets.
Top Listed Manufacturers in the Smart Meters Market Report are:
- GE Digital Energy
- Elster Group
- Silver Spring Networks
- Nuri Telecom
- Tantalus Systems
- Linyang Electronics
- Wasion Group
- Haixing Electrical
- Techrise Electronics
- Chintim Instruments
- XJ Measurement & Control Meter
- Clou Electronics
- HND Electronics
- Hengye Electronics
- Holley Metering
- Wellsun Electric Meter
- Xiou International Group
- Pax Electronic Technlogy
- Huayi Electronics
- Changyi Group
- Shenzhen Kaifa Technology
- Risesun Group
- Bada Instruments
- Jinling Intelligent Electric Meter
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- Single-phase smart meter
- Three-phase smart meter
By the Application, this report covers the following segments
- Residential application
- Commercial application
- Industrial application
Market segment by Region, regional analysis covers
North America (United States, Canada and Mexico)
Europe (Germany, France, United Kingdom, Russia, Italy, and Rest of Europe)
Asia-Pacific (China, Japan, Korea, India, Southeast Asia, and Australia)
South America (Brazil, Argentina, Colombia, and Rest of South America)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa, and Rest of Middle East & Africa)
Key Indicators Analysed
Market Players & Competitor Analysis: The report covers the key players of the industry including Company Profile, Product Specifications, Production Capacity/Sales, Revenue, Price and Gross Margin 2016-2027 & Sales with a thorough analysis of the market’s competitive landscape and detailed information on vendors and comprehensive details of factors that will challenge the growth of major market vendors.
Global and Regional Market Analysis: The report includes Global & Regional market status and outlook 2016-2027. Further the report provides break down details about each region & countries covered in the report. Identifying its sales, sales volume & revenue forecast. With detailed analysis by types and applications.
Market Trends: Market key trends which include Increased Competition and Continuous Innovations.
Opportunities and Drivers: Identifying the Growing Demands and New Technology
Porters Five Force Analysis: The report provides with the state of competition in industry depending on five basic forces: threat of new entrants, bargaining power of suppliers, bargaining power of buyers, threat of substitute products or services, and existing industry rivalry.
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Learn about the market strategies that are being adopted by leading respective organizations.
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Key Points thoroughly explain the Smart Meters market Report:
Chapter 1 Industry Overview
Chapter 2 Global Smart Meters Competition by Types, Applications, and Top Regions and Countries
Chapter 3 Production Market Analysis
Chapter 4 Global Smart Meters Sales, Consumption, Export, Import by Regions (2016-2021)
Chapter 14 Company Profiles and Key Figures in Smart Meters Business
Chapter 15 Global Smart Meters Market Forecast (2022-2027)
Chapter 16 Conclusions
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