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Smart Electricity Meter Market Share ,Size 2021 Global Development Strategy, Explosive Factors of Revenue by Key Vendors Demand, Future Trends and Industry Growth Research Report
Posted on May 5 2021 9:01 AM
"Smart Electricity Meter Market profile analyses the company's business structure, operations, major products and services, prospects, locations and subsidiaries, key executives and their biographies and key competitors. This Smart Electricity Meter Market profile includes the revenue trends, profitability, growth, margins and returns, liquidity and leverage, financial position and efficiency ratios with Forecast Period 2021-2023.
Global Smart Electricity Meter Market Research Report study covers the global and regional market with an in-depth analysis of the overall growth prospects in the market. Furthermore, it sheds impact on the comprehensive competitive landscape of the global market. The report further offers a dashboard overview of leading companies encompassing their successful marketing strategies, market contribution, recent developments in both historic and present contexts.Smart Electricity Meter Market Research Report is highly research-intensive, powered by high R & D investment, and it possesses a strong product analysis to maintain growth and ensure long-term revenue generation.
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Smart Electricity Meter Market report offers a comprehensive view regarding the competitive landscape of the Smart Electricity Meter market and includes a deep description of performance by some of the key global players completing in the market. It offers a list of latest updates of several business strategies including mergers, acquisitions, partnerships, product launch, expansion of production units, and collaborations adopted by these major global players. The report provides a clear picture regarding R & D investment from key players and adoption of innovative technologies to widen their consumer base and expand the existing competitive position. Moreover, the report offers a detailed information about the position, scope of growth, and opportunities of new entrants or players in the market.
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The smart electricity meter market was valued at 93.09 million unit shipments in 2017, and is expected to reach 83.61 million unit shipments by 2023, at a CAGR of (0.64)% over the forecast period (2018 - 2023). The report discusses the end users that use these products. The regions considered under the scope of the report include North America, Europe, and various others. The study also emphasizes on how supportive government regulations in key regions are affecting the market.
Smart metering solutions comprise of meters or modules, with communication capabilities (either one-way or two-way) embedded within the meter or attached to it. Smart electricity meters are expected to witnesses a declining demand throughout the forecast period, primarily due to decline in volume sale contribution from China, which is the largest market for these systems. Conventional electric grids are highly inefficient. Energy transmission over long distances is highly expensive and inefficient. It is estimated that over 7% of the energy is lost during the transmission of electricity in the United States. Deployment of smart metering systems enables energy suppliers to continuously monitor electricity usage at multiple points in the grid. Therefore, smart meters help collect data and enable the management of electricity distribution, necessary to improve the efficiency of the systems.
Rise in Deployment in Smart Cities to Drive the Market
Smart metering systems are employed with two-way communication and control capabilities, which enable the central systems to analyze the data and take necessary actions to provide improved efficiency and handle systems efficiently in times of faults and failures. Smart grids play a crucial role in smart city deployment and are the primary consumers of smart electricity meters. In addition, governments around the world are allocating budgets to turn existing cities smart and also to establish new smart city projects, in order to improve the overall economy. European countries are leading in this segment, with many establishments, while countries in Asia-Pacific are exploring this technology for mass deployment. This is expected to increase the demand for smart electricity meters.
The Residential Segment to have the Highest Market Share
Increasing residential construction activities and government mandates like EU 20-20-20 policy, which aims to convert 80% of the installed meter base to smart ones, is expected to drive the smart electricity meter market. The residential applications of smart meters include standalone autonomous houses and suburban/urban apartments. Growth in this domain can be attributed to regulatory, administrative framework and surging awareness concerning reduction of energy consumption and aligned expenses. However, budgetary constraints of industries and lengthy period for realizing the benefits of smart meters have been the deterrents for the adoption of smart meters for residential applications in the developing countries.
Asia-Pacific to have the Highest Share
China is leading the market at the moment, with the rollout at its peak, due to strict mandates by the government. South China and State Grid, the only two grid companies in the country, drive the process. But the gradual end of the rollout is resulting in a significant reduction of demand year-by-year. In other countries, such as India, the study projects a substantial growth in the demand for smart electricity meters, with expected need of more than 2 million units yearly post-2020. However, in the absence of a national mandate by the government, the incorporation of smart metering is expected to be slow and patchy, thereby inhibiting the full functionality of smart grid systems. Further, the region is expected to enjoy the highest market share over the forecast period, owing to the vast population base in these two countries.
Key Developments in the Market
November 2017: Landis+GYR expanded its distributor sensor product portfolio by launching a cellular communication option for its existing S610 Line Sensor, which detects and locates faults, thereby improving grid reliability.
October 2017: Kamstrup invested in narrow-band Internet of Things (NB-IoT) for fueling innovations in electricity meters. The company announced that pilot tests are planned for spring 2018, and a commercial solution will be available in the next 12-18 months.
January 2017: Wasion Group Holdings Limited announced to deepen its cooperation with Itron through embedding its metering products into Itronâ€™s OpenWayRiva IoT Solution.
Major Players: LANDIS + GYR GROUP AG, WASION GROUP HOLDINGS, ELSTER GROUP GMBH (HONEYWELL INTERNATIONAL INC), JIANGSU LIANG ENERGY CO. LTD, SAGEMCOM SAS, NINGBO SANXING ELECTRIC CO. LTD, KAMSTRUP A/S, HEXING ELECTRIC COMPANY LTD, ITRON INC, HOLLEY TECHNOLOGY LTD, SENSUS USA INC, NANJING XINLIAN ELECTRONICS CO. LTD, AND SHENZHEN HEMEI GROUP CO. LTD, among others.
Reasons to Purchase this Report
To understand the changing market scenario, with growing initiatives toward creating smart cities
Analyzing various perspectives on the market with the help of Porterâ€™s five forces analysis
The end-user segment that is expected to dominate the market
The regions that are expected to witness the fastest growth during the forecast period
Identify the latest developments, market shares, and strategies employed by the major market players
Three-month analyst support, along with the Market Estimate sheet (in Excel).
Customization of the Report
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Covered in this report
The Report Covers the Present Scenario and the Growth Prospects of the Global Smart Electricity Meter Market for 2021-2023. To calculate the market size, the report considers new installations or sales and subscription payments of Smart Electricity Meter.
Regional Market Analysis:
The Smart Electricity Meter Market report includes Global & Regional market status and outlook 2021-2023. Further, the report provides break down details about each region & countries covered in the report. Identifying its sales, sales volume & revenue forecast
Region Included are: North America, Europe, Asia Pacific, Oceania, South America, Middle East & Africa
Global Smart Electricity Meter Market 2021-2023, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
- Growing research activities coupled with new product launches.
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- High Opportunity in the Industry
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- Complications associated with Smart Electricity Meter procedures.
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Key Attentions of Smart Electricity Meter Market Report:
- The report offers a comprehensive and broad perspective on the global Smart Electricity Meter market.
- The market statistics represented in different Smart Electricity Meter segments offers complete industry picture.
- Market growth drivers, challenges affecting the development of Smart Electricity Meter are analyzed in detail.
- The report will help in the analysis of major competitive market scenario, market dynamics of Smart Electricity Meter.
- Major stakeholders, top companies Smart Electricity Meter, investment feasibility and new market entrants study is offered.
- Development scope of Smart Electricity Meter in each market segment is covered in this report. The macro and micro-economic factors affecting the Smart Electricity Meter market
- Advancement is elaborated in this report. The upstream and downstream components of Smart Electricity Meter and a comprehensive value chain are explained.
Some Major Points from Toc :-
1.1 Research Phases
1.2 Study Deliverables
1.3 Scope of the Report
2. Executive Summary
3. Market Insights
3.1 Industry Value Chain Analysis
3.2 Industry Attractiveness Porter's Five Forces Analysis
3.2.5 Degree of Competition
3.3 Price Analysis
4. Market Dynamics
5. Market Segmentation and Analysis (Market Size, Growth & Forecast)
5.1 By Product Type
5.2 By Application
5.3 By End-user Industry
6. Regional Market Analysis
6.1 Production Analysis
6.1.4 Democratic Republic of Congo
6.2 Consumption Analysis (Market Size, Growth and Forecast)
220.127.116.11 South Korea
18.104.22.168 Rest of Asia-Pacific
6.2.2 North America
22.214.171.124 United States
126.96.36.199 Rest of North America
188.8.131.52 United Kingdom
184.108.40.206 Rest of Europe
6.2.4 South America
220.127.116.11 Rest of South America
6.2.5 Middle East & Africa
18.104.22.168 South Africa
22.214.171.124 Rest of Middle East & Africa
7. Future of the Market
8. Competitive Landscape
8.1 Mergers & Acquisitions, Joint Ventures, Collaborations and Agreements
8.2 Market Share Analysis**
8.3 Strategies Adopted by Leading Players
9. Company Profiles (Overview, Financials**, Products & Services, and Recent Developments)
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