smart meters Market Product Type, Applications, Competitive Landscape, Upcoming Trends, Industry Share, Dynamics, Top Countries Data

The smart meters market is expected to cross US$ 20 billion mark in 2022 and is projected to hit US$ 33 billion by 2030, recording a CAGR of 10.5% during the forecast period.

The rising electricity demand from the residential and commercial sectors is one of the key factors driving the adoption of smart meter, and in turn driving the smart meters market growth. Various features offered by the smart meters such as flexible energy tariffs, high billing accuracy, and wireless communication is boosting their demand across different end users. In addition, increasing need to monitor energy consumption to achieve carbon neutrality is another factor contributing towards the smart meters market.

The Smart Meters Marketforecast 2030 report analyses the present and future competitive scenario of the analytics industry. Smart Meters Market report offers an in-depth analysis on segments including top companies, products, applications, revenue and regions. a number of topics including likewise market share, drivers, trends and methods. This report additionally offers insights into the latest growth and trends. It encapsulates key aspects of the market, with focus on leading key player’s areas that have witnessed the highest demand, leading regions and applications.

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The report covers an in-depth analysis of the key market players within the market

    • Schneider Electric SE
    • Landis+Gyr
    • Itron
    • Siemens AG
    • Wasion Group

Recent strategic developments in smart meters market

The smart meters market has undergone several significant developments, and a few of these have been mentioned below:

  • In March 2021, Itron, Inc. announced the launch of its eHZ-B residential smart meter for cities in Germany. This smart meter has advance functionality which can support Germany’s ongoing energy transition to a low carbon, and environmentally sound, reliable and affordable energy supply.
  • In August 2021, Siemens Ltd and Tata Power Delhi Distribution announced that they have deployed 200,000 smart meters in North Delhi. This will help to reduce power theft and help distribution utilities to become more efficient.

In this report, the smart meters market has been segmented on the basis of:

  • Type:
    • Electric
    • Gas
    • Water
  • Communication Type
    • RF
    • PLC
    • Cellular
  • Technology:
    • AMR
    • AMI
  • End user:
    • Residential
    • Commercial
    • Industrial
  • Region
    • North America
    • Europe
    • Asia Pacific
    • South & Central America
    • Middle East & Africa

Market Analysis and Insights: Smart Meters Market

Smart Meters Market report elaborates the market size, market characteristics, and market growth of the Smart Meters industry, and breaks down according to the type, application, and consumption space of Smart Meters. The report also conducted a PESTEL analysis of the industry to check the most influencing factors and entry barriers of the industry.

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Some of the key queries answered in this report:

  • -What can we estimate about the anticipated growth rates and also the Smart Meters industry size by 2030?
  • -What will happen in the coming existing and emerging markets?
  • -Which are the five top players within the Smart Meters market?
  • -How can the Smart Meters market change in the upcoming years?
  • -Which product and application will take a share of the Smart Meters market?
  • -What will be the CAGR and size of the Smart Meters market throughout the forecast period?
  • -What are the market opportunities and challenges two-faced by the key vendors?
  • -Who are the major competitors and what is their strategy?
  • -What are the barriers to entry for new players in the market?
  • -What would be the upcoming Smart Meters market behaviour forecast with trends, challenges, and drivers for development?
  • -What business opportunities and dangers are faced by vendors in the market?
  • -Which would be Smart Meters industry opportunities and challenges have faced by most vendors in the market?
  • -What will be the outcomes of this market SWOT five forces analysis?

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