Smart Meter Market at a Highest CAGR with Latest Trend,
Share and Forecast

Smart Meter Market research
report by Delvens focuses on primary sections such as – market segments, market
outlook, competitive landscape, and company profiles. The segments provide
details in terms of various perspectives such as end-use industry, product or
service type, and any other relevant segmentation as per the market’s current
scenario which includes various aspects to perform further marketing activity, The
global smart meter market size was valued at USD 21.13 billion in 2019 and is
projected to reach a CAGR of 9.40% during the forecast period.

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Smart meters are electronic devices that accurately monitor
electricity, gas, and water usage. These smart meters can send usage information
through power line communication, radiofrequency electromagnetic radiation
(RF), and cellular communication, helping the utility company to effectively
manage the energy usage. Smart meters offer a host of benefits such as
reduction of meter reading cost, preventing disconnection, removing
inefficiencies in billing, and re-connection costs to corporations and
consumers.

Large scale installations of the smart meters by the utility
companies and supportive government policies and financial incentives are some
of the factors that have supported long-term expansion for Smart Meters Market.

Regional Analysis

Asia Pacific is the largest smart meters market in the
world, predominantly due to China, and the trend is expected to be the same
during the forecast period. The market in the region is driven by the growing
emphasis to reduce carbon emissions from utility operations and effectively
integrate DER such as solar and wind power for enhanced power sector
operations.

Key Players of Smart Meter Market

·       
Itron Inc.

·       
Landis+Gyr

·       
Schneider Electric SA

·       
Siemens AG

·       
Badger Meter

·       
EDMI

·       
Holley Metering Limited

·       
Neptune Technology Group Inc.

·       
Sensus

·       
Honeywell International Inc. and More

Recent Developments

In January 2020,
Landis+Gyr introduced Revelo electric meters with advanced grid sensing
technology.

In January 2020,
Itron launched a 4G LTE smart metering solution that provides broad territory
coverage, low latency, and network longevity using 4G LTE technology.

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market data for Smart Meters Market, Delvens offers client-centric report and
customized according to the company’s specific demand and requirement.

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