(MENAFN- Comserve) Shibuya-ku, Tokyo, Japan, Japan, Oct 14, 2021, 06:41 /Comserve / -- The global Smart Electric Meter market is segregated on the basis of Communication Technology Type as Radio Frequency, Cellular, and Power Line Communication.
The Global Smart Electric Meter Market is expected to grow by 2025 at a CAGR of 4.47%. Increasing electricity demand from commercial and residential division combined with fast progress across developing economies will adoptive the smart electric meter market development. Capability to offer high billing accuracy, flexible energy tariffs, and wireless communication are some of the important features that will positively impact the product demand. In adding, introduction of favorable regulatory policies toward growth of existing grid infrastructure will further favor the industry development. Severe government regulations to minimize carbon releases along with rising public awareness toward consumption monitoring will drive the smart meters market revenue. Additionally, shifting trends toward adoption of energy efficient technologies coupled with growing investments in digitalization of the electrical systems will positively influence the business outlook. Increasing demand for accurate billing together with efforts towards energy conservation has inflamed the global smart electric meter market. The rapid development of electricity network along with increasing investment in smart grid has further completed the business landscape for Smart electric meter market. With smart electric meters, utility firms can expand their revenue collection through accuracy in billing. The demand of Smart Electric Meter in applications of distribution, automation and Renewable Energy integration has been a recent trend in the Smart Electric Meter Market. An upcoming project on electric fuel for cars will further rise the demand of smart electric meters in the market.
The global Smart Electric Meter market is segregated on the basis of Communication Technology Type as Radio Frequency, Cellular, and Power Line Communication. Based on End-User the global Smart Electric Meter market is segmented in Commercial, Industrial, and Residential. Based on Phase the global Smart Electric Meter market is segmented in Three Phase and Single Phase.
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The global Smart Electric Meter market report provides geographic analysis covering regions, such as North America, Europe, Asia-Pacific, and Rest of the World. The Smart Electric Meter market for each region is further segmented for major countries including the U.S., Canada, Germany, the U.K., France, Italy, China, India, Japan, Brazil, South Africa, and others.
Competitive Rivalry
Jiangsu Linyang, Siemens, Genus Power Infrastructure, Networked Energy Services, Holley Metering, Benchmarking, Landis+Gyr , Itron, Honeywell, Aclara, and others are among the major players in the global Smart Electric Meter market. The companies are involved in several growth and expansion strategies to gain a competitive advantage. Industry participants also follow value chain integration with business operations in multiple stages of the value chain.
The Smart Electric Meter Market has been segmented as below:
Smart Electric Meter Market, By Communication Technology Type
Radio Frequency
Cellular
Power Line Communication
Smart Electric Meter Market, By End-User
Commercial
Industrial
Residential
Smart Electric Meter Market, By Phase
Three Phase
Single Phase
Smart Electric Meter Market, By Region
- North America
- Europe
- Asia-Pacific
- Rest of the World
Smart Electric Meter Market, By Company
- Jiangsu Linyang
- Siemens
- Genus Power Infrastructure
- Networked Energy Services
- Holley Metering
- Benchmarking
- Landis+Gyr
- Itron
- Honeywell
- Aclara
The report covers:
- Global Smart Electric Meter market sizes from 2015 to 2024, along with CAGR for 2018-2024
- Market size comparison for 2017 vs 2024, with actual data for 2017, estimates for 2018 and forecast from 2019 to 2024
- Global Smart Electric Meter market trends, covering comprehensive range of consumer trends & manufacturer trends
- Value chain analysis covering participants from raw material suppliers to the downstream buyer in the global Smart Electric Meter market
- Major market opportunities and challenges in forecast timeframe to be focused
- Competitive landscape with analysis on competition pattern, portfolio comparisons, development trends and strategic management
- Comprehensive company profiles of the key industry players
Report Scope:
The global Smart Electric Meter market report scope includes detailed study covering underlying factors influencing the industry trends.
The report covers analysis on regional and country level market dynamics. The scope also covers competitive overview providing company market shares along with company profiles for major revenue contributing companies.
The report scope includes detailed competitive outlook covering market shares and profiles key participants in the global Smart Electric Meter market share. Major industry players with significant revenue share include Jiangsu Linyang, Siemens, Genus Power Infrastructure, Networked Energy Services, Holley Metering, Benchmarking, Landis+Gyr, Itron, Honeywell, Aclara, and others.
Reasons to Buy this Report:
- Gain detailed insights on the Smart Electric Meter industry trends
- Find complete analysis on the market status
- Identify the Smart Electric Meter market opportunities and growth segments
- Analyse competitive dynamics by evaluating business segments & product portfolios
- Facilitate strategy planning and industry dynamics to enhance decision making
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