The Smart Meters Market study report provides an inclusive breakdown of the Smart Meters Market size across the world as regional and nation level market size evaluation, CAGR estimation of market growth during the forecast period, revenue, key drivers, competitive background, and sales examination of the financiers. Along with that, the report clarifies the foremost challenges and risks to face in the forecast period. This Smart Meters Market research report gives a helpful view regarding the economic outlook of the international market. It comprises detailed picture of the segment demonstration of the key universal players working in the market. The research analysis also prepares historical record with profits expectations during the estimate period and, the business producing of the prominent industrialists are also underlined with methodological records in the report.

The global smart meter market size was valued at USD 21.13 billion in 2019 and is projected to reach a CAGR of 9.40% during the forecast period.

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Smart meters are electronic devices that accurately monitor electricity, gas, and water usage. These smart meters can send usage information through power line communication, radiofrequency electromagnetic radiation (RF), and cellular communication, helping the utility company to effectively manage the energy usage. Smart meters offer a host of benefits such as reduction of meter reading cost, preventing disconnection, removing inefficiencies in billing, and re-connection costs to corporations and consumers.

Large scale installations of the smart meters by the utility companies and supportive government policies and financial incentives are some of the factors that have supported long-term expansion for Smart Meters Market.

The smart meter market has been significantly impacted by the COVID-19 outbreak. Although the COVID-19 pandemic has forced the field work of several major smart metering projects to pause temporarily, the market is nonetheless expected to remain robust with the cumulative number of smart meter shipments being largely unaffected over a three-year period.

 

Regional Analysis

Asia Pacific is the largest smart meters market in the world, predominantly due to China, and the trend is expected to be the same during the forecast period. The market in the region is driven by the growing emphasis to reduce carbon emissions from utility operations and effectively integrate DER such as solar and wind power for enhanced power sector operations.

 

Key Players

·         Itron Inc.

·         Landis+Gyr

·         Schneider Electric SA

·         Siemens AG

·         Badger Meter

·         EDMI

·         Holley Metering Limited

·         Neptune Technology Group Inc.

·         Sensus

·         Honeywell International Inc.

 

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Recent Developments

·         In January 2020, Landis+Gyr introduced Revelo electric meters with advanced grid sensing technology.

·         In January 2020, Itron launched a 4G LTE smart metering solution that provides broad territory coverage, low latency, and network longevity using 4G LTE technology.

 

Reasons to Acquire

·         Increase your understanding of the market for identifying the best and suitable strategies and decisions on the basis of sales or revenue fluctuations in terms of volume and value, distribution chain analysis, market trends and factors

·         Gain authentic and granular data access for Smart Meters Market so as to understand the trends and the factors involved behind changing market situations

·         Qualitative and quantitative data utilization to discover arrays of future growth from the market trends of leaders to market visionaries and then recognize the significant areas to compete in the future

·         In-depth analysis of the changing trends of the market by visualizing the historic and forecast year growth patterns

 

Table of Contents

Smart Meters Market is segmented into product, end use and region.

 

On the basis of Product

·         Electric meters

·         Gas meter

·         Water meter

On the basis of End-User Industry

·         Residential

·         Commercial

·         Industrial

On the basis of Region

·         Asia Pacific

·         North America

·         Europe

·         South America

·         Middle East & Africa

 

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