Smart Electricity Meter Market Growth, Emerging Trends and Forecast by 2027

Press Release

MARKET INTRODUCTION

Smart Electricity Meters are swapping traditional electricity meters. Smart electricity meters simplify the inline communication of electricity suppliers with consumers electricity meters eradicating the manual involvement in meter readings. Smart Electricity meters offers consumers with precise real-time data of their energy consumption at the same time rendering a greater control over electricity consumption. The smart electricity meters also help the customer in selecting tariff plans made to fit their energy consumption.

MARKET DYNAMICS

Growing electricity demand from the residential and commercial sectors and rapid industrialization across developing economies are some of the major factors driving the growth of the smart electric meter market. However, the higher cost of installation is the major factor that may restrain the growth of the smart electric meter market. The capability to offer flexible energy tariffs, high billing accuracy, and wireless communication are some of the key features that will boost the demand of the market.

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MARKET SCOPE

The “Global Smart Electricity Meter Market Analysis to 2027” is a specialized and in-depth study of the smart electricity meter market with a special focus on the global market trend analysis. The report aims to provide an overview of smart electricity meter market with detailed market segmentation by phase, communication, end-user. The global smart electricity meter market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading smart electricity meter market players and offers key trends and opportunities in the smart electricity meter market.

MARKET SEGMENTATION

The global smart electricity meter market is segmented on the basis of phase, communication, end-user. On the basis of phase, the market is segmented as single, three. On the basis of communication, the market is segmented as power line communication (PLC), radio frequency (RF), cellular. On the basis of end-user, the market is segmented as industrial, commercial, residential.

REGIONAL FRAMEWORK

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global smart electricity meter market based on various segments. It also provides market size and forecast estimates from year 2017 to 2027 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The smart electricity meter market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.

The report analyzes factors affecting smart electricity meter market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South America after evaluating political, economic, social and technological factors effecting the Smart electricity meter market in these regions.

MARKET PLAYERS

The reports cover key developments in the smart electricity meter market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for expansion of business and customer base of market players. The market players from smart electricity meter market are anticipated to lucrative growth opportunities in the future with the rising demand for smart electricity meter market. Below mentioned is the list of few companies engaged in the smart electricity meter market.

The report also includes the profiles of key smart electricity meter market companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of last 3 years, key development in past five years.

– Aclara Technologies LLC.
– Genus Power Infrastructures Ltd.
– Holley Technology UK Ltd.
– Iskraemeco d.d.
– Linyang Energy Co., Ltd.
– Microchip Technology Inc.
– Networked Energy Services
– Schneider Electric
– Siemens
– wasion group

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Key Elements that the report acknowledges:

  • Market size and growth rate during forecast period.
  • Key factors driving the Smart Electricity Meter Market.
  • Key market trends cracking up the growth of the Smart Electricity Meter Market.
  • Challenges to market growth.
  • Key vendors of Smart Electricity Meter Market.
  • Detailed SWOT analysis.
  • Opportunities and threats faces by the existing vendors in Global Smart Electricity Meter Market.
  • Trending factors influencing the market in the geographical regions.
  • Strategic initiatives focusing the leading vendors.
  • PEST analysis of the market in the five major regions.

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