Smart Electric Meter Market Size is estimated to grow at a CAGR of 8.1% during the forecast period

The global Smart Electric Meter Market size is expected to grow remarkably during forecast period of 2024 to 2028, due to expanding industrialization, energy efficiency initiatives, stricter emissions regulations, demand from power generation, and retrofitting older systems. This information is published by Fortune Business Insights, in its latest report titled “ Smart Electric Meter Market Size, Share, & Covid-19 Impact Analysis, By Type (Advanced Metering Infrastructure and Auto Meter Reading), By Application (Residential, Industrial, Commercial, and Others), and Regional Forecast, 2021-2028."

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According to latest report published by Fortune Business Insights, The global smart electric meter market size was USD 19.40 billion in 2020 and is projected to grow from USD 20.81 billion in 2021 to USD 36.00 billion in 2028, growing at a CAGR of 8.1% from 2021 to 2028 . 

Top Smart Electric Meter Market Size Manufacturers covered in the Market Report include:

  • Aclara (U.S.)
  • GE (U.S.)
  • Itron, Inc. (U.S.)
  • Landis+Gyr (Switzerland)
  • Kamstrup (Denmark)
  • Honeywell (U.S.)
  • Siemens (Germany)
  • Sensus (U.S.)
  • ABB (Switzerland)
  • ZPA Smart Energy (Czech Republic)
  • Secure Meter Limited (India)
  • Holley Technology Ltd (China)
  • Jabil (U.S.)
  • Xemex (Belgium)
  • EDMI Limited (Singapore)
  • EMH Metering GmbH & Co KG (Germany)
  • Schneider Electric (France)

 

Recent Key Industry Development:

 

March 2021: Itron Inc. announced smart residential meters developed for utilities and German cities. It complements Germany's low carbon energy trade alongside an affordable and reliable power supply. 

Smart Electric Meter Market Report Scope [2024-2028]

Hostorical Data :2017-2019

Base Year: 2020

Report Title: Smart Electric Meter Market Size, Share, & Covid-19 Impact Analysis, By Type (Advanced Metering Infrastructure and Auto Meter Reading), By Application (Residential, Industrial, Commercial, and Others), and Regional Forecast, 2021-2028.

Smart Electric Meter Market CAGR: 8.1%

Report Coverage: Revenue estimation and forecast, company profile, competitive landscape, growth factors, and recent trends

Segments Covered:

  • By Product
  • By Application
  • By Region

An Overview of the Impact of COVID-19 on this Market:

The outbreak of the COVID-19 pandemic has negatively impacted various business sectors across the world. Various impositions like lockdown, social distancing and ban on imports & exports have impacted the production and distribution of various goods and services, which were considered as non-essential by the governments. Many enterprises in the Smart Electric Meter Market  were obliged to temporarily suspend operations due to the COVID-19 pandemic, in order to comply with new government rules aimed at preventing the disease’s spread. This pause in activities has a direct influence on the market’s revenue flow.

If You Want More Insights Into The Smart Electric Meter Market, Buy Now This Exclusive Report:  https://www.fortunebusinessinsights.com/checkout-page/100749

Smart Electric Meter Market Drivers:

Cost Savings and Operational Advantages to Augment Smart Electric Meter Market Growth

The most fundamental driver in the energy and power industry is the demand for energy. Population growth, urbanization, and economic development all contribute to increasing energy consumption. The industry must respond to meet this growing demand.

Environmental considerations are increasingly important. Concerns over climate change and air pollution are driving a shift towards cleaner and more sustainable energy sources such as renewables (solar, wind, hydro) and nuclear power.

Ensuring a stable and reliable energy supply is critical for a nation's security. This can lead to investments in domestic energy production and infrastructure.

Advances in energy storage technologies, such as batteries, are enabling the integration of intermittent renewable energy sources into the grid and increasing grid stability.The availability and accessibility of natural resources like coal, oil, gas, and minerals can significantly impact energy production and costs.


Global and Regional Market Analysis:

The market has been analyzed across major regions, including North America, Europe, Asia Pacific, Latin America, the Middle East, and Africa. 

The Smart Electric Meter Market study describes the market area, which is further segmented into sub-regions and countries/regions. This chapter of the report includes information on profit prospects in addition to market share in each country and sub-region. During the estimated time, this report includes the market share and growth rate of each region, country, and sub-region. In addition, the Smart Electric Meter Market research report includes significant research data and proofs to be a useful resource record for managers, analysts, industry professionals, and other key individuals to have a ready-to-access and self-analyzed study to help grasp market patterns.

 North America (United States, Canada, and Mexico)
 Europe (Germany, France, UK, Russia, and Italy)
 Asia-Pacific (China, Japan, Korea, India, and Southeast Asia)
 South America (Brazil, Argentina, Colombia, etc.)
 The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa)

FREQUENTLY ASKED QUESTIONS:

  • How much was the global Smart Electric Meter Market worth in 2021?
  • Who are the top players actively operating across the market?
  • How much will the global market be worth by 2028?
  • What are the key market drivers?
  • Which application segment is the leading across the globe?
  • At what compound annual growth rate (CAGR) is the global market projected to grow in the forecast period?

Major Points from Table of Contents

Global Smart Electric Meter Market Research Report 2024-2028, by Manufacturers, Regions, Types and Applications

  • Report Business Overview

    • Study Scope
    • Market Analysis by Type
    • Market by Application
    • Study Objectives
    • Years Considered
  • Global Growth Trends

    • Global Smart Electric Meter Market Perspective
    • Growth Trends by Region
    • Market Dynamics
    • Industry Trends
    • Market Drivers
    • Market Challenges
    • Market Restraints
  • Competition Landscape by Key Players

    • Global Top Players by Revenue
    • Global Market Share by Company Type
    • Players Covered: Ranking by Revenue
    • Global Market Concentration Ratio
    • Global Market Concentration Ratio
    • Global Top 10 and Top 5 Companies by Revenue
    • Key Players Head office and Area Served
    • Key Players Product Solution and Service
    • Date of Enter into Market
    • Mergers and Acquisitions, Expansion Plans
  • Smart Electric Meter Market Breakdown Data by Type

    • Global Historic Market Size by Type
    • Global Forecasted Market Size by Type
  • Smart Electric Meter Market Breakdown Data by Application
          
    • Global Historic Market Size by Application
    • Global Forecasted Market Size by Application
  • Appendix

    • Research Methodology
    • Methodology/Research Approach
    • Data Source
    • Author Details
    • Disclaimer

Continued….

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