Smart Electricity Meters Market Size To Reach $18.9 Billion By 2027 – Prominent Players, Business Strategies, Impact of COVID-19 And End-user Analysis By Million Insights

September 08 15:55 2021
Smart Electricity Meters Market Size To Reach $18.9 Billion By 2027 - Prominent Players, Business Strategies, Impact of COVID-19 And End-user Analysis By Million Insights
Million Insights – World’s Fastest Growing Market Research Database
According to new report available with Million Insights, the global smart electricity meter industry research report offers thorough insights on size, share, end-user and revenue drivers. It also offers ready, data-driven answers to several industry-level questions.

The global smart electricity meters market size is projected to account for USD 18.9 billion by 2027, as per a new report published by Million Insights. It is likely that the market would register 7.8% CAGR over the forecast duration. The demand for energy security is gaining traction in the energy sector. With the advent of renewable energy sources, this demand has been addressed to some extent. However, owing to the limitation in energy sources, it becomes vital to focus on conservation of energy. Intelligent meter solution helps in controlling and analyzing the consumption of power, thereby, it is being increasingly adopted across the world.

By providing real-time consumption and pricing data, smart meters prove to be vital for commercial applications. In addition, smart meters are the fundamental elements of the smart grid network. These intelligent grids are used to control and monitor the transmission systems. In the recent past, there has been rapid initialization of smart grids across different parts of the world, which in turn, offers lucrative growth opportunity.

To download the sample PDF of Smart Electricity Meters Market Report “please” click here: https://www.millioninsights.com/industry-reports/smart-electricity-meters-market/request-sample 

 

Considering the rising demand for electricity conservation, governments across the globe are framing stringent regulatory norms. For example, smart electricity metering solutions have been mandated in the European region which has led to an increase in the adoption of smart meters. By 2020, over 70% of the households are projected to have smart electricity meters in Europe. Rising adoption of smart meters is attributed to the benefits such as monitoring of power quality, energy prepayment, time-based pricing and net metering among others. 

 

To browse report summary & detailed TOC, “please” click the link below: https://www.millioninsights.com/industry-reports/smart-electricity-meters-market

Further key findings from the report suggest:

• Increasing smart grid adoption across the various regions is attributing to the growth of the smart electricity meter market.

• In 2019, the residential segment accounted for the highest share in the market. Further, the segment is predicted to continue its dominance over the forecast duration.

• Commercial division is likely to register the noticeable growth over the forecast duration.

• Major players in the market include Itron Inc., Schneider Electric, GENERAL ELECTRIC, Siemens, ABB, Landis+Gyr, Iskraemecod.d and Holley Technology among others.

Million Insights has segmented the global smart electricity meters market based on phase, end use and region:

Smart Electricity Meters Phase Outlook (Revenue, USD Million, 2016 – 2027)

    • Single-phase

    • Three-phase

Smart Electricity Meters End-use Outlook (Volume, Thousand Units; Revenue, USD Million, 2016 – 2027)

    • Residential

    • Commercial

    • Industrial

Smart Electricity Meters Regional Outlook (Volume, Thousand Units; Revenue, USD Million, 2016 – 2027)

    • North America

        • U.S.

        • Canada

        • Mexico

    • Europe

        • U.K.

        • Germany

        • France

        • Spain

        • Italy

        • Netherlands

    • Asia Pacific

        • China

        • Japan

        • South Korea

    • South America

        • Brazil

    • Middle East and Africa (MEA)

Browse latest market research reports available with Million Insights:

• Intravenous Solutions Market: The global intravenous solutions market was prized by USD 10.7 billion in 2020. It is estimated to witness a 7.9% CAGR from 2021 to 2028.

• Automotive Transmission Market: The global automotive transmission market was prized by USD 152.32 billion in 2020. It is estimated to witness a 5.2% CAGR from 2021 to 2028.

About Million Insights

Million Insights, is a distributor of market research reports, published by premium publishers only. We have a comprehensive marketplace that will enable you to compare data points, before you make a purchase. Enabling informed buying is our motto and we strive hard to ensure that our clients get to browse through multiple samples, prior to an investment. Service flexibility & the fastest response time are two pillars, on which our business model is founded. Our market research report store includes in-depth reports, from across various industry verticals, such as healthcare, technology, chemicals, food & beverages, consumer goods, material science & automotive.

Media Contact
Company Name: Million Insights
Contact Person: Ryan Manuel
Email: Send Email
Phone: 91-20-65300184
Address:Office No. 302, 3rd Floor, Manikchand Galleria, Model Colony, Shivaji Nagar
City: Pune
State: Maharashtra
Country: India
Website: https://www.millioninsights.com/industry-reports/smart-electricity-meters-market


Warning: count(): Parameter must be an array or an object that implements Countable in /home/indoreonlinejour/himachalpradeshnewspaper.com/wp-content/themes/gadgetine-theme/includes/single/post-tags-categories.php on line 7