DUBLIN--(BUSINESS WIRE)--The "Global Smart Meter Market By Product (Smart Electric Meters, Smart Water Meters, and Smart Gas Meters), By End User (Residential, Commercial and Industrial), By Region, Industry Analysis and Forecast, 2020 - 2026" report has been added to ResearchAndMarkets.com's offering.
The Global Smart Meter Market size is expected to reach $38 billion by 2026, rising at a market growth of 11.1% CAGR during the forecast period.
Smart meters are referred to as electronic devices that precisely track electricity, gas, and water utilization. Usage information can be sent by these smart meters via power line communication, radiofrequency electromagnetic radiation (RF), and cellular communication, assisting the utility company to successfully manage the use of energy. A lot of advantages are provided by smart meters such as decreasing meter reading cost, preventing disconnection, reducing errors in billing, and re-connection cost to consumers and corporations.
Smart electricity metering systems are utilized to reduce the demand for peak electricity and permit end-users to smoothly track power consumption and decrease it accordingly. Energy suppliers use these devices to maximum advantages by aligning their advantages of a decrease in reaction time to solve hardware inefficiencies and power outages and providing enhanced customer service delivery because of remote reading conveniences. For the reason that energy production utilizing renewable methods differs with time, low power production finally results in unstable energy productivity.
Nonetheless, utilizing the metering device assists with repaying for this loss by managing the consumption of energy of numerous electronic devices because it is capable of controlling irregular supply. Numerous smart meters rollout policies in various regions like beneficial government initiatives being taken in nations that include U.S and U.K. are helping the deploying of these devices, which is anticipated to assume a significant role in the growth of the industry.
- Schneider Electric SE
- Siemens AG
- General Electric (GE) Co.
- Honeywell International, Inc.
- Xylem, Inc. (Sensus)
- Badger Meter, Inc.
- Landis+Gyr Group AG
- Itron, Inc.
- Neptune Technology Group, Inc. (Roper Technologies, Inc.)
- Holley Technology Ltd.
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Key Topics Covered:
Chapter 1. Market Scope & Methodology
Chapter 2. Market Overview
2.1.2 Executive Summary
2.1.3 Market Composition and Scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints
Chapter 3. Competition Analysis - Global
3.1 Cardinal Matrix
3.2 Recent Industry Wide Strategic Developments
3.2.1 Partnerships, Collaborations and Agreements
3.2.2 Product Launches and Product Expansions
3.2.3 Geographical Expansions
3.2.4 Acquisition and Mergers
3.3 Top Winning Strategies
3.3.1 Key Leading Strategies: Percentage Distribution (2016-2020)
3.3.2 Key Strategic Move: (Partnerships, Collaborations, and Agreements : 2016, Feb - 2020, Oct) Leading Players
Chapter 4. Global Smart Meter Market by Product
4.1 Global Smart Meter Smart Electric Meters Market by Region
4.2 Global Smart Meter Smart Water Meters Market by Region
4.3 Global Smart Meter Smart Gas Meters Market by Region
Chapter 5. Global Smart Meter Market by End Use
5.1 Global Residential Smart Meter Market by Region
5.2 Global Commercial Smart Meter Market by Region
5.3 Global Industrial Smart Meter Market by Region
Chapter 6. Global Smart Meter Market by Region
6.1 North America Smart Meter Market
6.2 Europe Smart Meter Market
6.3 Asia Pacific Smart Meter Market
6.4 LAMEA Smart Meter Market
Chapter 7. Company Profiles
For more information about this report visit https://www.researchandmarkets.com/r/innfgz