Smart Meter Market Is Dazzling Worldwide | Major Giants Elster, Southern California, Schneider Electric, Siemens

A new research document with title ‘Smart Meter Market: Current Analysis and Forecast (2022-2027)’  covering detailed analysis, Competitive landscape, forecast and strategies. The study covers geographic analysis that includes regions like North America (US, Canada, Rest of North America), Europe (Germany, France, Netherlands, Spain, United Kingdom, Rest of Europe), Asia-Pacific (China, Japan, India, South Korea and Rest of APAC), and Rest of World and important players/vendors such as Honeywell International, Itron, Landis+Gyr, Apator Group, Diehl Metering, Elster Group, Southern California, Schneider Electric, Siemens AG, Badger Meter. The report will help user gain market insights, future trends and growth prospects for forecast period of 2022-2027.

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Power and utility industry is experiencing a technological shift, as the overall demand for traditional metering systems is disappearing away and a massive shift toward digital technologies such as smart meters is taking the center stage. Smart metering solutions have ascertained to be a boon to consumers who get a freedom of monitoring and regulating their power usage. Smart meter rollouts, is predominantly driven by governmental support and subsidies, are is further driven by the increasing demand for improved billing accuracy and curb non-technical losses. Europe has emerged as a major hub for smart meter, providing ample growth opportunities for the manufacturers, as smart metering is mandatory in the UK and across Europe. Furthermore, over the forecast period, emerging markets in the MEA region are estimated to be at the forefront of smart meters deployment as a reliable source of energy supply & management. North America and Asia-Pacific (Specifically China) would be the top two market for smart metering solutions, owing to proactive deployment of smart grid solutions in countries such as US, India and China.

Based on technology the global smart meter market is bifurcated into Automated Meter Reading (AMR) and Advanced Metering Infrastructure (AMI). Currently, Automated Meter Reading (AMR) segment dominate the market and is expected to maintain its dominance during the forecast period. Based on type the global smart meter market is segmented into Smart Electric Meter, Smart Gas Meter, Smart Water Mater. In 2020, Smart Electric Meter segment dominated the market.

Based on communication technology the market is divided into Power line communication, Radiofrequency electromagnetic radiation (RF), Cellular communication. Based on component, the market is bifurcated into Hardware and software component. Hardware segment dominated the market in 2020. Furthermore, Smart Meter manufactures are focusing more on reducing the hardware component with high level of system integration and simplifying design, this would further accelerate the market growth.

Based on end-user the market is bifurcated into residential, commercial and industrial end-users. Currently residential segment dominates the market and is expected to maintain its dominance during the analyzed period. Developing countries in the North America and European region are deploying Smart Meter on large scale in the households, this would further drive the market for residential Smart Meter.

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1.1. Market Definitions
1.2. Limitation
1.3. Stake Holders
1.4. Currency Used in Report
2.1. Research Methodology for the Global Smart Meter Market
2.1.1. Main Objective of the Global Smart Meter Market


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