Crafted through integrated approaches and leveraging cutting-edge technology, this smart electricity meter market research report is designed to deliver optimal results to clients. The study of company profiles involves a comprehensive assessment, considering factors like company snapshots, geographical footprint, product portfolios, and recent advancements. Market drivers and restraints are meticulously examined, shedding light on the market's structural analysis. This comprehensive smart electricity meter market research report serves as a gateway to in-depth market insights, encompassing all facets of the current and future market landscape. It aids customers in understanding the various factors influencing the market, including drivers and restraints, throughout the forecast period.

Encompassing a wide array of market parameters, this smart electricity meter market research report covers market definition, currency and pricing, segmentation, market overview, premium insights, key findings, and detailed company profiles of key market players. The market overview section strategically analyzes drivers, restraints, opportunities, and challenges tailored to specific businesses. Additionally, the systemic company profiles featured in this smart electricity meter market report elucidate recent developments, product launches, joint ventures, mergers, and acquisitions undertaken by prominent players and brands, providing a holistic understanding of the market's dynamic landscape.

Smart Electricity Meter Market was valued at USD 11.48 billion in 2021 and is expected to reach USD 18.44 billion by 2029, registering a CAGR of 6.10% during the forecast period of 2022-2029. 

Definition

A smart electricity meter is an electronic device that accurately measures the quantity of electricity consumed by a home, company, or other electrically powered item. Smart electricity meters give users precise real-time data on their energy consumption while also giving them more control over their usage. Smart electricity meters also assist consumers in choosing tariff plans that are matched to their energy usage.

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Key Growth Drivers:.

Growing smart city initiatives

The demand for smart devices has been fuelled by advances in cloud computing and analytics, as well as a rise in electronics development acts as major factors driving the growth of the market. This is likely to increase market demand for smart electricity mete. The increased need for efficient data monitoring systems has a positive impact on the market.

Government directives for smart grids

The market is predicted to develop because of majority of governments have mandated smart meter installation and consider them vital to national energy plans. National energy policies have been developed in order to increase efficiency and lower carbon emissions.

Rise in the awareness concerning energy usage

After the meters are placed, they give data on energy use that can assist clients in identifying high-energy-consumption items. This is a major driver of the market's expansion.  Also, the enhanced cost savings owing to the use of smart meters assist in the expansion of the market.

The report emphasizes the participation of key entities, notably:

• Landis+Gyr (Switzerland)
• Itron Inc. (US)
• Elster GmbH (Germany)
• Aclara Technologies LLC (US)
• Iskraemeco d.d. (Balkans)
• Microchip Technology Inc. (US)
• wasion group (China)
• Schneider Electric (France)
• Siemens AG (Germany)
• LINYANG Energy (China)
• Genus (India)
• Networked Energy Services (US)
• Holley Technology UK Ltd. (UK)
• OSAKI ELECTRIC CO., LTD. (Japan)
• Sensus (China)
• ABB (Sweden)
• Trilliant Holdings Inc. (US)
• Kamstrup (Denmark)
• ON UK plc (UK)

Report Objective:

• Investigate the smart electricity meter market, focusing on strategic movements like collaborations, agreements, mergers, and product launches.
• Explore market diversification avenues such as new products, unexplored regions, recent advancements, and investments in smart electricity meter.
• Streamline initial research efforts by identifying smart electricity meter market growth, size, key players, and segments, saving valuable time.
• Highlight pivotal industry trends in the smart electricity meter market to empower players in devising effective, sustainable strategies.
• Analyze micro markets for their individual growth trajectories, potential, and contributions to the overall market.
• Shape or refine business expansion strategies leveraging growth opportunities in both established and emerging markets.

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Key Market Segmentation

Type (Electric, Gas, Water), Communication Type (RF, PLC, Cellular), Component Type (Hardware, Software), Phase (Single-Phase, Three-Phase), Technology Type (AMI, AMR), End User (Residential, Commercial, Industrial)

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