Smart electricity meter market is expected to rise at annual rate of 5.60% in the forecast period of 2020 to 2027 and is anticipated to reach USD 1,977.77 million by 2027 due to the expanding educative traditions in advanced and developing marketplaces have kindled the augmentation in the commercial segment, thus helping to drive the growth of the market.
- On the other hand, essential operating cost and security affairs along with synthesis challenges coupled with smart meters will restrict the growth of the market in the above mentioned forecast period.
Smart Electricity Meter Market Scenario
According to Data Bridge Market Research, the market of smart electricity meter is developing owing to certain factors such as, increase in the funding for the enlargement of industrial buildings such as trading organizations and also these meters comprise current using and report this to the primary efficacy arrangement. The furnishings of certain materials in the domestic division assist in receding carbon dioxide releases globally as a consumer's inclination moving peak time economy of power would progress is also likely to enhance the growth of the market.
Now the question is which are the other regions that smart electricity meter market is targeting? Data Bridge Market Research has forecasted Europe to be one of the prominent businesses where smart electricity measures are predicted to behold accession chances. In spite of this, the complete association in courses of purchases is moving back.
For more analysis on the smart electricity meter market request for a briefing with our analysts https://www.databridgemarketresearch.com/speak-to-analyst/?dbmr=global-smart-electricity-meter-market
Smart Electricity Meter Market Development
- In February 2018, Iskraemeco signed an agreement with Bahrain Electricity and Water Distribution for 50,000 smart meters for commercial and residential users. With the help of this contract, Iskraemeco will be able to enhance its market position in the Middle East region.
Smart Electricity Meter Market Scope
Smart electricity meter market is segmented on the basis of countries into the U.S., Canada and Mexico in North America, Brazil, Argentina and Rest of South America as part of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).
- All country based analysis of smart electricity meter market is further analyzed based on maximum granularity into further segmentation. On the basis of type, the smart electricity meter market is segmented into electric, gas and water. On the basis of communication type, the smart electricity meter market is segmented into RF, PLC, and cellular. On the basis of component type, the smart electricity meter market is segmented into hardware and software. On the basis of phase, the smart electricity meter market is segmented into single-phase, and three-phase. On the basis of technology type, the smart electricity meter market is segmented into AMI and AMR. On the basis of end user, the smart electricity meter market is segmented into residential, commercial, and industrial.
To know more about the study, https://www.databridgemarketresearch.com/reports/global-smart-electricity-meter-market
Key Pointers Covered in the Smart Electricity Meter Market Industry Trends and Forecast to 2027
- Market Size
- Market New Sales Volumes
- Market Replacement Sales Volumes
- Market Installed Base
- Market By Brands
- Market Procedure Volumes
- Market Product Price Analysis
- Market Cost of Care Analysis
- Market Shares in Different Regions
- Recent Developments for Market Competitors
- Market Upcoming Applications
- Market Innovators Study
Key Market Competitors Covered in the Report
- Landis+Gyr
- Itron Inc
- Elster GmbH
- Aclara Technologies LLC
- Iskraemeco d.d
- Microchip Technology Inc
- wasion group
- Schneider Electric
- Siemens
- LINYANG Energy
- Genus
- Networked Energy Services
- Holley Technology UK Ltd
- OSAKI ELECTRIC CO., LTD
- Sensus
- ABB
- Trilliant Holdings Inc
- Kamstrup
- E.ON UK plc
Above are the key players covered in the report, to know about more and exhaustive list of smart electricity meter companies’ contact us https://www.databridgemarketresearch.com/toc/?dbmr=global-smart-electricity-meter-market
Research Methodology of Smart Electricity Meter Market
Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analyzed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please request an analyst call or can drop down your enquiry.
The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
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