[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)

Custom Market Insights
Custom Market Insights

[220+ Pages Latest Report] According to a market research study published by Custom Market Insights, the demand analysis of the Global Smart Electric Meter Market size & share revenue 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 around USD 55.2 Billion by 2030, at a CAGR of 10.75% between 2022 and 2030. The key market players listed in the report with their sales, revenues and strategies are Landis+Gyr (Toshiba Corporation), Schneider Electric, Wasion Group Holdings, Honeywell International Inc., Itron Inc., Siemens, Iskraemeco., Jiangsu Linyang Energy Co. Ltd, Microchip Technology, Aclara, and others.

Sandy, Utah, USA, Dec. 05, 2022 (GLOBE NEWSWIRE) -- Custom Market Insights has published a new research report titled “Smart Electric Meter Market Size, Trends and Insights By Technology (AMI, RF, PLC, Cellular, AMR), By Phase (Single Phase, Three Phase), and By Region - Global Industry Overview, Statistical Data, Competitive Analysis, Share, Outlook, and Forecast 2022–2030” in its research database.

“According to the latest research study, the demand for global Smart 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 by 2030, at a compound annual growth rate (CAGR) of about 10.75% during the forecast period 2022 to 2030.”

The report examines the Smart Electric Meter market’s drivers and restraints and their impact analysis. Also, the report mentions global opportunities prevailing in the Smart Electric Meter market.

Smart Electric Meter Market: Overview

Smart electric meters are widely used in many nations. They regulate the electricity supplied to a consumer, account for the energy they use, and send that information to the electricity provider, where the consumption is calculated based on price, and the 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 nations to reduce common crimes like electricity theft.

Click Here to Access a Free Sample Report of the Global Smart Electric Meter Market @https://www.custommarketinsights.com/request-for-free-sample/?reportid=20109

Growth Factors

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 in various regions of the world. In addition, cost reductions brought on by adopting intelligent electric meters, which close the error gap, are another factor influencing the market growth. Furthermore, smart meters must precisely compute the quantity of energy produced from a remote site due to the increasing importance of using renewable energy, fueling the growth of the global smart electric meter market.

Since energy supply companies have thousands of customers, replacing each one of their customers’ electric meters is a costly job and thus necessitates a significant investment, this is one of the main factors restricting the growth of the global smart electric meter market. Additionally, because of inadequate network connectivity, many nations, especially those where people are reluctant to adopt new technology, might cause Smart Electric Meters to malfunction.

(A free sample of the Smart Electric Meter report is available upon request; please contact us for more information.)
Our Free Sample Report Consists of the following:

  • Introduction, Overview, and in-depth industry analysis are all included in the 2022 updated report.

  • 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 Analysis with a Graphical Representation of Size, Share, and Trends for the Year 2022

  • Includes Tables and figures have been updated

  • The most recent version of 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 sample of the Smart Electric Meter report has been modified to include the COVID-19 impact study prior to delivery.)

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Segmental Overview

The global Smart Electric Meter market is categorized into technology and phase. The expansion of renewable energy networks and continuous attempts to modernize grid infrastructure is expected to result in increased investments in 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 efficient remote monitoring and control and quick failure identification. Additionally, the widespread use of these units in the oil and gas, construction, and data center industries will further accelerate their global adoption.

Among the primary benefits, AMI technology provides to energy utilities are improvements in customer service, effective load control, 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 and real-time data on power usage. However, these devices serve as a 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 Smart Electric Meter Industry's top companies?

  • What are the different categories that the Smart 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 for getting a free copy of the Smart Electric Meter market sample report and company profiles?

Click Here to Access a Free Sample Report of the Global Smart Electric Meter Market @ https://www.custommarketinsights.com/report/smart-electric-meter-market/

Regional Overview

Due to its high population density, Asia Pacific experiences significant electricity demand. The region’s market for smart electric meters is driven by increased investments in smart grids and innovative city technologies, data centers, IT hubs, and commercial organizations. Due to its extensive deployment plans and having the most enormous installed generating and distribution capacity in the Asia Pacific area, China makes up the majority of the market for smart electric meters.

Key Offerings:

  • Market Share, Size & Forecast by Revenue | 2022−2030

  • Market Dynamics – Growth Drivers, Restraints, Investment Opportunities, and Leading Trends

  • Market Segmentation – A detailed analysis by Types of Services, by End-User Services, and by Regions

  • Competitive Landscape – Top Key Vendors and Other Prominent Vendors

Directly Purchase a copy of the Smart Electric Meter report [220+ Pages] @ https://www.custommarketinsights.com/report/smart-electric-meter-market/

Report Scope

Feature of the Report

Details

Market Size in 2021

USD 25 Billion

Projected Market Size in 2030

USD 55.2 Billion

Market Size in 2022

USD 28.35 billion

CAGR Growth Rate

10.75% CAGR

Base Year

2021

Forecast Period

2022-2030

Prominent Players

Landis+Gyr (Toshiba Corporation), Schneider Electric, Wasion Group Holdings, Honeywell International Inc., Itron Inc., Siemens, Iskraemeco., Jiangsu Linyang Energy Co. Ltd, Microchip Technology, Aclara, and Others

Key Segment

By Technology, Phase, and Region

Report Coverage

Revenue Estimation and Forecast, Company Profile, Competitive Landscape, Growth Factors and Recent Trends

Regional Scope

North America, Europe, Asia Pacific, Middle East & Africa, and South & Central America

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Key Players Insights

Our 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 analysis. In addition, the competitive landscape section includes key development strategies, market share analysis, and market positioning analysis of globally mentioned competitors.

Prominent Players

  • Landis+Gyr (Toshiba Corporation)

  • Schneider Electric

  • Wasion Group Holdings

  • Honeywell International Inc.

  • Itron Inc.

  • Siemens

  • Jiangsu Linyang Energy Co., Ltd

  • Microchip Technology

  • Aclara

  • Others

(We customized your report to meet your specific research requirements. Inquire with our sales team about customizing your report.)

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The global Smart Electric Meter market is segmented as follows:

By Technology

  • AMI

    • RF

    • PLC

    • Cellular

  • AMR

By Phase

  • Single Phase

  • Three Phase

On the basis of Geography

North America

  • The U.S.

  • Canada

  • Mexico

Europe

  • France

  • The UK

  • Spain

  • Germany

  • Italy

  • Rest of Europe

Asia Pacific

  • China

  • Japan

  • India

  • Australia

  • South Korea

  • Rest of Asia Pacific

The Middle East & Africa

  • Saudi Arabia

  • UAE

  • Egypt

  • Kuwait

  • South Africa

  • Rest of the Middle East & Africa

Latin America

  • Brazil

  • Argentina

  • Rest of Latin America

Key Insights: 

  • As per the analysis shared by our research analyst, the Smart Electric Meter market is estimated to grow annually at a CAGR of around 10.75% over the forecast period (2022-2030).

  • In terms of revenue, the Smart Electric Meter market size was valued at around USD 25 billion in 2021 and is projected to reach USD 55.2 billion by 2030. Due to a variety of driving factors, the market is predicted to rise at a significant rate.

  • The Smart Electric Meter market research offers a comprehensive analysis of the present market and projections through 2020–2030 to help find possibilities to profit from the existing market.

  • The study includes data on the significant market drivers, challenges, and opportunities and their effects.

  • The study elaborates on the SWOT analysis and Porter’s Five Forces model.

  • The market study’s value chain analysis gives a comprehensive picture of the stakeholder’s responsibilities.

Click Here to Get a Free Sample Report of the Global Smart Electric Meter Market @ https://www.custommarketinsights.com/report/smart-electric-meter-market/

Recent Development

  • 2020: Revelo electric meters were introduced by Landis+Gyr. Advanced grid sensing technology is used by these meters.

  • 2020: The 4G LTE intelligent metering solution from Itron was released. 4G LTE technology offers extensive geographic coverage, low latency, and long-lasting networks.

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This Smart 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 in That Technology? Which Trends Are Causing These Developments?

  • Who Are the Global Key Players in This Smart Electric Meter Market? What are Their Company Profile, Their Product Information, and Contact Information?

  • What Was the Global Market Status of the Smart Electric Meter Market? What Was the Capacity, Production Value, Cost and PROFIT of the Smart Electric Meter Market?

  • What Is the Current Market Status of the Smart Electric Meter Industry? What's Market Competition in This Industry, Both Company and Country Wise? What's Market Analysis of Smart Electric Meter Market by Considering Applications and Types?

  • What Are Projections of the Global Smart Electric Meter Industry Considering Capacity, Production and Production Value? What Will Be the Estimation of Cost and Profit? What Will Be Market Share, Supply and Consumption? What about imports and exports?

  • What Is Smart Electric Meter Market Chain Analysis by Upstream Raw Materials and Downstream Industry?

  • What Is Economic Impact on Smart Electric Meter Industry? What are Global Macroeconomic Environment Analysis Results? What Are Global Macroeconomic Environment Development Trends?

  • What Are the Market Dynamics of the Smart Electric Meter Market? What Are Challenges and Opportunities?

  • What Should Be Entry Strategies, Countermeasures to Economic Impact, and Marketing Channels for Smart Electric Meter Industry?

Directly Purchase a copy of the Smart Electric Meter report [220+ Pages] @ https://www.custommarketinsights.com/report/smart-electric-meter-market/

Reasons to Purchase Smart Electric Meter Market Report

  • Smart Electric Meter Market Report provides qualitative and quantitative market analysis based on segmentation involving economic and non-economic factors.

  • Smart Electric Meter Market report outlines market value (USD) data for each segment and sub-segment.

  • This report indicates the region and segment expected to witness the fastest growth and dominate the market.

  • Smart Electric Meter Market Analysis by geography highlights the consumption of the product/service in the region and indicates the factors affecting the market within each region.

  • The competitive landscape incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled.

  • Extensive company profiles comprising company overview, company insights, product benchmarking, and SWOT analysis for the major market players.

  • The Industry's current and future market outlook concerning recent developments (which involve growth opportunities 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 analysis and provides insight into the market through Value Chain.

Click Here to Access a Free Sample Report of the Global Smart Electric Meter Market @https://www.custommarketinsights.com/report/smart-electric-meter-market/

Reasons for the Research Report

  • The study provides a thorough overview of the global Smart Electric Meter market. Compare your performance to that of the market as a whole.

  • Aim to maintain competitiveness while innovations from established key players fuel market growth.

What does the report include?

  • Drivers, restrictions, and opportunities are among the qualitative elements covered in the worldwide Smart Electric Meter market analysis.

  • The competitive environment of current and potential participants in the Smart Electric Meter market is covered in 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 report offers comparable data for the important regions.

  • For each segment mentioned above, actual market sizes and forecasts have been given.

Who should buy this report?

  • Participants and stakeholders worldwide Smart Electric Meter market should find this report useful. The research will be useful to all market participants in the Smart Electric Meter Industry.

  • Managers in the Smart Electric Meter sector are interested in publishing up-to-date and projected data about the worldwide Smart Electric Meter market.

  • Governmental agencies, regulatory bodies, decision-makers, and 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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