[Latest] Global Smart Electric Meter Market Size/Share Worth USD 55.2 Billion by 2030 at a 10.75% CAGR: Custom Market Insights (Analysis, Outlook, Leaders, Report, Trends, Forecast, Segmentation, Growth, Growth Rate, Value) – GlobeNewswire
Sandy, Utah, USA, Dec. 05, 2022 (GLOBE NEWSWIRE) — Custom Market Information has published a new research report titled “Smart Electric Meter Market Size, Trends and Ideas By Technology (AMI, RF, PLC, Cellular, AMR), By Phase (Single Phase, Three Phase), and By Region – Global Industry Overview, Statistical Data, Competitive Analysis, Share, Perspective, and Forecast 2022–2030” in its research database.
“According to the latest research study, the particular demand for global Wise Electric Meter Market size & share was valued at approximately USD 25 Billion in 2021 and is expected to reach USD 28. 35 billion in 2022 and is expected to reach a value of around USD 55. 2 Billion simply by 2030, in a compound annual growth rate (CAGR) of about 10. 75% during the forecast period 2022 in order to 2030. ”
The report examines the Smart Electric Meter market’s drivers and restraints and their impact analysis. Also, the particular report mentions global opportunities prevailing within the Smart Electric Meter market.
Smart Electric powered Meter Marketplace: Overview
Smart electric meters are widely used in many nations. They regulate the electricity supplied to a consumer, account for the energy they use, plus send that information to the electricity provider, where the consumption is calculated based on price, and the particular consumer’s bill is created. Electricity suppliers have benefited from smart electric meters by paying less staff to read each individual meter across multiple cities. These meters can be installed on any property, including homes, businesses, and industries. Since these meters report readings every hour, they eliminate the margin for error and are gradually replacing traditional electric meters in many more countries to reduce common crimes like electricity theft.
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The global market for smart electric meters is rising due to the expanding need for better and more efficient data monitoring systems and good government incentives inside various regions of the world. In addition , cost reductions brought on simply by adopting intelligent electric metres, which close the error gap, are usually another factor influencing the market development. Furthermore, smart meters must precisely compute the quantity of power produced through a remote site because of the increasing importance of using renewable energy, fueling the growth of the global smart electric powered meter marketplace .
Since energy supply companies have thousands of customers, replacing each one of their customers’ electric meters is the costly job and thus necessitates a significant investment, this is one of the particular main factors restricting the growth from the global wise electric meter market. Additionally , because associated with inadequate network connectivity, numerous nations, especially those where people are reluctant to adopt new technology, might cause Smart Electric Meters to malfunction.
(A free sample of the Intelligent Electric Meter report will be available upon request; please contact us for more information. )
Our Free Sample Record Consists of the particular following:
- Introduction, Overview, plus in-depth industry analysis are all included in the 2022 updated statement.
- The COVID-19 Pandemic Outbreak Impact Analysis is included in the package
- About 220+ Pages Research Report (Including Recent Research)
- Provide detailed chapter-by-chapter guidance on the Request
- Updated Regional Evaluation with a Graphical Representation of Size, Share, and Trends with regard to the Year 2022
- Includes Tables plus figures have been updated
- The most recent version from the report includes the Top Market Players, their Business Strategies, Sales Volume, and Revenue Analysis
- Custom Market Insights (CMI) research methodology
(Please note that the particular sample of the Clever Electric Meter report has been modified to include the COVID-19 impact study prior in order to delivery. )
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A global Wise Electric Meter market is usually categorized into technology plus phase. The particular expansion associated with alternative energy networks and continuous attempts to modernize grid infrastructure is likely to result in increased investments within the AMI systems segment through 2030, leading to a notable increase in that sector’s market size. Technology penetration will complement AMI technology’s core advantages, including effective remote checking and control and quick failure identification. In addition , the widespread use of these types of units in the oil and gas, construction, and data center sectors will further accelerate their own global adoption.
Among the particular primary benefits, AMI technology provides in order to energy utilities are improvements in customer service, effective load manage, and a decrease in energy shortages. In addition, the industry statistics will be supported by growing investments made by the power generation sectors in IoT-enabled grid infrastructure to acquire precise plus real-time information on power usage. However, these devices serve as the conduit and provide two-way communication between utilities and consumers.
Key questions answered in this report:
- What is the size of the Smart Electric Meter market and what is its expected growth rate?
- What are the primary driving factors that push the Smart Electric Meter market forward?
- What are the particular Smart Electrical Meter Industry’s top businesses?
- Do you know the different categories that will the Sensible Electric Meter Market caters to?
- What will be the fastest-growing segment or region?
- In the value chain, what role do essential players play?
- What is the procedure regarding getting a free copy associated with the Smart Electric Meter market sample report and company profiles?
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Due to its high population density, Asia Pacific experiences significant electrical power demand. The region’s marketplace for smart electric metres is driven by improved investments inside smart grids and innovative city technologies, data centers, IT hubs, and commercial organizations. Because of its extensive deployment plans plus having the most enormous installed generating and distribution capacity in the Asian countries Pacific area, China makes up the majority of the particular market intended for smart electric meters.
- Market Share, Size & Prediction by Revenue | 2022−2030
- Market Dynamics – Growth Drivers, Restraints, Investment Opportunities, and Leading Trends
- Marketplace Segmentation – A detailed evaluation by Types of Services, by End-User Services, and by Regions
- Competitive Landscape – Top Important Vendors and Other Prominent Vendors
Directly Purchase a copy from the Smart Electric powered Meter record [220+ Pages] @ https://www.custommarketinsights.com/report/smart-electric-meter-market/
|Feature of the Report||Details|
|Market Sizing in 2021||USD 25 Billion|
|Projected Market Dimension in 2030||USD 55. 2 Billion dollars|
|Market Size in 2022||USD 28. 35 billion|
|CAGR Development Rate||10. 75% CAGR|
|Base 12 months||2021|
|Prominent Gamers||Landis+Gyr (Toshiba Corporation), Schneider Electric, Wasion Group Holdings, Honeywell International Inc., Itron Inc., Siemens, Iskraemeco., Jiangsu Linyang Energy Co. Ltd, Microchip Technologies, Aclara, and Others|
|Key Segment||By Technology, Phase, and Region|
|Survey Coverage||Income Estimation plus Forecast, Company Profile, Competing Landscape, Growth Factors and Recent Styles|
|Regional Scope||North America, Europe, Asia Pacific, Middle East & Africa, plus South & Central The united states|
|Buying Options||Request tailored purchasing options to fulfil your requirements to get research. Buy Now|
Crucial Players Observations
Our own market analysis includes a section specifically devoted to key players operating in the Smart Electric Meter market . Our analysts overview each player’s financial statements, product benchmarking, and SWOT evaluation. In inclusion, the competitive landscape section includes essential development strategies, market share analysis, and marketplace positioning evaluation of globally mentioned competitors.
- Landis+Gyr (Toshiba Corporation)
- Schneider Electric
- Wasion Group Holdings
- Honeywell International Inc.
- Itron Inc.
- Jiangsu Linyang Energy Co., Ltd
- Microchip Technology
(We customized your report to meet your specific study requirements. Inquire with our sales team about customizing your report. )
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Browse the full “Smart Electric powered Meter Market Size, Developments and Insights By Technologies (AMI, RF, PLC, Mobile, AMR), Simply by Phase (Single Phase, 3 Phase), plus By Area – Worldwide Industry Review, Statistical Information, Competitive Analysis, Share, View, and Forecast 2022–2030” Report at https://www.custommarketinsights.com/report/smart-electric-meter-market/
The global Smart Electric Meter market is segmented as follows:
- Single Stage
- Three Phase
On the basis of Geography
- The particular U. S.
- The UK
- Rest of Europe
- South Korea
- Associated with Asian countries Pacific
The Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of the Center East & Africa
- Rest of Latin America
- As per the analysis shared by our analysis analyst, to the wise Electric Meter market is definitely estimated to grow annually in a CAGR associated with around ten. 75% over the forecast time period (2022-2030).
- In terms of revenue, the Smart Electric Meter market size was valued at around USD 25 billion in 2021 and it is projected to reach USD fifty five. 2 billion dollars by 2030. Due to a variety of driving factors, the market can be predicted to rise at the significant price.
- The Smart Electric Meter market research offers a comprehensive evaluation of the particular present marketplace and projections through 2020–2030 to help find possibilities in order to profit from the existing market.
- The research includes data on the significant market motorists, challenges, and opportunities plus their effects.
- The study elaborates around the SWOT analysis and Porter’s Five Forces model.
- The market study’s value chain analysis gives a comprehensive picture from the stakeholder’s responsibilities.
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- 2020: Revelo electric meters were introduced simply by Landis+Gyr. Advanced grid sensing technology is usually used by these meters.
- 2020: The particular 4G LTE intelligent metering solution from Itron was released. 4G LTE technology offers extensive geographic coverage, low latency, plus long-lasting systems.
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This Wise Electric Meter Market Research/Analysis Report Contains Answers to the following Questions.
- Which Manufacturing Technology is used for Smart Electric Meter? What Developments Are Going on inside That Technologies? Which Tendencies Are Causing These Advancements?
- Who Are the Global Essential Players in This Wise Electric Meter Market? Exactly what are Their Organization Profile, Their Product Details, and Contact Information?
- What Was the Worldwide Market Status from the Intelligent Electric Meter Market? What Was the Capacity, Production Value, Cost plus PROFIT of the Smart Electric powered Meter Market?
- What Is the Current Market Status from the Smart Electric Meter Business? What’s Marketplace Competition in This Industry, Both Company and Country Wise? What’s Market Analysis of Smart Electric powered Meter Marketplace by Considering Applications plus Types?
- What Are Projections of the Global Smart Electric Meter Industry Contemplating Capacity, Production and Manufacturing Value? What Will Be the particular Estimation associated with Cost and Profit? Exactly what Will Be Market Talk about, Supply plus Consumption? What about imports and exports?
- What Will be Smart Electric Meter Market Chain Evaluation by Upstream Raw Materials and Downstream Market?
- What Is Economic Impact on Wise Electric Meter Industry? What are Global Macroeconomic Environment Analysis Results? What Are usually Global Macroeconomic Environment Advancement Trends?
- Exactly what Are the Market Dynamics from the Clever Electric Meter Market? What Are Challenges and Possibilities?
- What Should Be Entry Strategies, Countermeasures to Economic Impact, and Marketing Channels meant for Smart Electric powered Meter Sector?
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Reasons to Purchase Smart Electric Meter Market Report
- Smart Electric Meter Marketplace Report provides qualitative plus quantitative market analysis based on segmentation involving economic and non-economic aspects.
- Smart Electric powered Meter Market report outlines market value (USD) information for each segment and sub-segment.
- This document indicates the particular region plus segment anticipated to witness the fastest development and dominate the marketplace.
- Smart Electric Meter Marketplace Analysis by geography highlights the consumption of the particular product/service in the region and indicates the elements affecting the market within each area.
- The competing landscape incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the particular past five years associated with companies profiled.
- Extensive company profiles comprising company overview, company insights, product benchmarking, and SWOT analysis designed for the main market gamers.
- The Industry’s current and future marketplace outlook concerning recent developments (which involve growth possibilities and drivers as well as challenges and restraints of both emerging and developed regions.
- Smart Electric Meter Market Includes in-depth market analysis from various perspectives through Porter’s five forces evaluation and provides insight into the market via Value Chain.
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Reasons for the Research Report
- The study provides a thorough overview of the global Smart Electrical Meter market. Compare your performance to that of the particular market as a whole.
- Aim to maintain competitiveness while innovations from established key players fuel market growth.
What does the report include?
- Drivers, restrictions, plus opportunities are among the qualitative elements covered in the worldwide Smart Electric Meter marketplace analysis.
- The particular competitive environment of current and potential participants in the Smart Electric Meter market is covered within the report, as well as those companies’ strategic product development ambitions.
- According to the component, application, and Industry Vertical, this study analyzes the market qualitatively and quantitatively. Additionally, the statement offers comparable data for the important regions.
- For each segment mentioned above, actual marketplace sizes plus forecasts have been given.
Who should buy this record?
- Participants and stakeholders globally Smart Electric powered Meter market should find this review useful. The research will be useful to all marketplace participants in the Smart Electric Meter Industry.
- Managers in the Smart Electric powered Meter sector are interested inside publishing up-to-date and projected data about the worldwide Smart Electric Meter market.
- Governmental agencies, regulatory bodies, decision-makers, plus organizations want to invest in Smart Electric Meter products’ market trends.
- Market insights are sought for by analysts, researchers, educators, strategy managers, and government organizations to develop plans.
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