This comprehensive Global Smart Meters Market research report includes a brief on these trends that can help the businesses operating in the industry to understand the market and strategize for their business expansion accordingly. The Global Smart Meters Market research report analyses the market size, industry share, growth, key segments, CAGR and key drivers.
The worldwide market for Smart Meters is expected to grow at a CAGR of roughly 9.4% over the next five years, will reach 13500 million US$ in 2023, from 7900 million US$ in 2017. A smart meter is usually an electronic device that records consumption of electric energy in intervals of an hour or less and communicates that information at least daily back to the utility for monitoring and billing. Smart meters enable two-way communication between the meter and the central system. Unlike home energy monitors, smart meters can gather data for remote reporting. Such an advanced metering infrastructure differs from traditional automatic meter reading in that it enables two-way communications with the meter.
This report focuses on the Smart Meters in global market, especially in North America, Europe and Asia-Pacific, South America, Middle East and Africa. This report categorizes the market based on manufacturers, regions, type and application.
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The electronics and semiconductors sector is like the heart of the technological innovations. Global is the largest manufacturer of the electronics. The era of electronics began with the intervention of the transistors and silicon based semiconductors in late 1947. The electronics components are becoming smaller, power efficient and relatively this has cut the cost of production.
The largest smart meters markets have been North America, Europe and APAC (particularly China). And the market is supplied by a combination of large multinational firms and smaller local manufacturers. The leading global firms include Landis+Gyr (based in Switzerland but owned by Toshiba Corp. of Japan), GE Digital Energy (United States), Itron (United States), Aclara (United States), Elster Group (Germany), Sensus (United States) and Holley Metering (China), among others. These companies tend to compete against each other globally to supply most of the largest smart meter markets. In many markets, these leading global firms also face competition from local manufacturers. In China, for example, local manufacturers supply the bulk of the market.
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Landis+Gyr, Itron, GE Digital Energy, Siemens, Kamstrup, Sensus, Elster Group, Silver Spring Networks, Aclara, Nuri Telecom, Sagemcom, Trilliant, Iskraemeco..
Market by Product Type:
Single-phase smart meter, Three-phase smart meter…
Market by Application:
Residential application, Commercial application, Industrial application…
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This report is the extensive analysis of the Smart Meters Market based on the primary and secondary in-depth research. The scope of the report includes the ‘Global’ and ‘regional’ sale, product consumption in terms of ‘volume’ and ‘value’. The Smart Meters market report offers a forecast of revenue, CAGR, and cumulative revenue. The gathered information about Smart Meters Global business is represented in the figures, tables, pie chart, and graphs.
Some of the key Points in this report:
- Marketing strategy analysis and development trends.
- Smart Meters Market effect factor analysis.
- Emerging niche segments and regional Smart Meters markets.
- A complete framework analysis, including an assessment of the parent market.
- An empirical assessment of the trajectory of the Smart Meters market.
- Major changes in Smart Meters market dynamics.
- Historical, present, and prospective size of the market from the perspective of both value and volume.
- Report provides distinctive graphics and exemplified SWOT analysis of major Smart Meters market segments.
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The Global Smart Meters Market report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the Smart Meters market research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications. Our business offerings represent the latest and the most reliable information indispensable for businesses to sustain a competitive edge.
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