What is the Global Smart Electricity Meter
The global smart electricity meter market was worth $ 10.22 billion in 2019 and is expected to reach $ 16.53 billion by 2027, with a CAGR of 6.2% during the forecast period.
Some of the major factors propelling the market growth include the increased need for efficient data monitoring systems, coupled with government policies favorable to the deployment of smart meters, improved cost savings, and increasing emphasis on sources of data. renewable energy on a global scale.
However, high initial investments and delays in smart meter deployment projects are likely to hamper the market.
By the end-user, the residential segment is expected to grow at a significant rate during the forecast period, owing to the widespread use of sophisticated electrical, electronic, and data equipment and the increasing importance of home management solutions. ‘food.
What about the installation of Electricity Meter?
The installation of smart electricity meters in residential places would help reduce dependence on fossil fuels, as smart electricity meters can help consumers monitor, regulate and reduce their grid and generator consumption, and further integrate their consumption from sources. renewable energy such as solar installations.
On the basis of geography, Asia-Pacific is expected to be the significant smart electricity meter market during the forecast period.
World Wide Region of Electricity Meter
It is the most populous region in the world and therefore has a high demand for electricity. Increasing investment in smart grid technologies and smart cities, increasing the number of data centers, and booming of data centers and commercial institutions are boosting the smart electricity meter market in the region.
China is the largest country in the APAC region, due to large-scale deployment plans; The country had the highest installed generation and distribution capacity in the Asia-Pacific region, resulting in increased demand for smart electricity meters.
Report Offers Following
- Market share assessments for regional and national segments
Strategic recommendations for new entrants
- Covers market data for the years 2018, 2019, 2020, 2024 and 2027
Market trends (drivers, constraints, opportunities, threats, challenges, investment opportunities, and recommendations)
- Strategic analysis: drivers and constraints, product/technology analysis, Porter’s five forces analysis, SWOT analysis, etc.
- Strategic recommendations in the main business segments based on market estimates
- Competitive landscaping mapping the main common trends
- Company profiling with detailed strategies, financial data, and recent developments
- Supply chain trends mapping the latest technological advancements
Key Points That Covered In This Report
Smart Electricity Meter Market
- Communication Technology
Auto Meter Reading
Advanced Metering Infrastructure
GISM (Single Phase)
GIST (Three Phase)
GISS (Heavy Consumers)
Logistics & Transportation
- Distribution Channel
the Middle East & Africa
Agreements, Partnerships, Collaborations and Joint Ventures
Acquisitions & Mergers
New Product Launch