Smart Electric Meter Market 2022-2030 By latest Development & Trends
The Global Smart Electric Meter Market is estimated to observe tremendous expansion owing to the rapid industrialization across the globe. This has led to an upsurge in the electricity demand not only across the industrial sector but also from the residential and commercial sectors. The ongoing expansion of grid infrastructure along with the mounting investments in the digitalization of electrical systems is also likely to increase the demand for smart electric meters.
Smart electric meters are massively deployed in electric companies owing to their features such as efficient utilization of power resources, allowing dynamic pricing, preventing capital expense in building new power plants, offering responsive data to balance electric loads while decreasing blackouts, and more.
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The three-phase segment is projected to observe tremendous expansion in the smart electric meter market majorly due to the increasing need for power reliability throughout engineering processes such as education, logistics, hospitality, and oil and gas. Three-phase systems are heavily deployed across the residential sector, that has been depicting an expansion due to the rising per capita income and changing lifestyles. Numerous public and private investments are also being made in renewable technologies to curb carbon emissions as well as the expansion of IoT enabled grid networks which should majorly fuel the segment share over the coming years.
While three-phase systems are rather effective, the viability provided by single-phase systems is indeed commendable. These systems are often used in utility aided power networks and high capacity industrial establishments. Ongoing urbanization trends along with the suitable regulatory norms to upgrade small scale industries majorly in the developing economies are likely to proliferate the single-phase systems’ demand through 2026.
Considering the regional frame of reference, the immense development in the service sector is projected to push the Middle East and Africa smart electric industry expansion. The expanding real estate sector may also be responsible for pushing the regional growth. Governments across MEA have ben enforcing numerous regulatory initiatives and norms to reduce the non-electricity revenue. With increasing number of power outages in the region and ongoing replacement and upgradation of existing data collection systems having efficient electric meters, MEA is anticipated to emerge as a viable revenue pocket for smart electric meter industry.
The competitive landscape of the smart electric meter market is inclusive of players such as Schneider Electric, Landis+Gyr AG, Apator, Iskraemeco Group, Circutor SA, Sensus, Osaki Electric Co., Ltd., Honeywell Elster, Siemens, Aclara Technologies LLC, Kamstrup A/S, and Itron Inc. among others.
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Table Of Content
Chapter 4 Smart Electric Meter Market, By Application
4.1 Smart electric meter market share by application, 2021 & 2030
4.2 Residential
4.2.1 Global market from residential, 2018 - 2030
4.2.2 Global market from residential, by region, 2018 - 2030
4.2.3 Single-family
4.2.3.1 Global market from single-family, 2018 - 2030
4.2.3.2 Global market from single-family, by region, 2018 - 2030
4.2.4 Multi-family
4.2.4.1 Global market from multi-family, 2018 - 2030
4.2.4.2 Global market from multi-family, by region, 2018 - 2030
4.3 Commercial
4.3.1 Global market from commercial, 2018 - 2030
4.3.2 Global market from commercial, by region, 2018 - 2030
4.3.3 Education
4.3.3.1 Global market from education, 2018 - 2030
4.3.3.2 Global market from education, by region, 2018 - 2030
4.3.4 Healthcare
4.3.4.1 Global market from healthcare, 2018 - 2030
4.3.4.2 Global market from healthcare, by region, 2018 - 2030
4.3.5 Retail
4.3.5.1 Global market from retail, 2018 - 2030
4.3.5.2 Global market from retail, by region, 2018 - 2030
4.3.6 Logistics & transportation
4.3.6.1 Global market from logistics & transportation, 2018 - 2030
4.3.6.2 Global market from logistics & transportation, by region, 2018 - 2030
4.3.7 Offices
4.3.7.1 Global market from offices, 2018 - 2030
4.3.7.2 Global market from offices, by region, 2018 - 2030
4.3.8 Hospitality
4.3.8.1 Global market from hospitality, 2018 - 2030
4.3.8.2 Global market from hospitality, by region, 2018 - 2030
4.3.9 Others
4.3.9.1 Global market from others, 2018 - 2030
4.3.9.2 Global market from others, by region, 2018 - 2030
4.4 Utility
4.4.1 Global market from utility, 2018 - 2030
4.4.2 Global market from utility, by region, 2018 - 2030
Chapter 5 Smart Electric Meter Market, By Technology
5.1 Smart electric meter market share by technology, 2021 & 2030
5.2 AMI
5.2.1 Global market from AMI, 2018 - 2030
5.2.2 Global market from AMI, by region, 2018 - 2030
5.2.3 RF
5.2.3.1 Global market from RF, 2018 - 2030
5.2.3.2 Global market from RF, by region, 2018 - 2030
5.2.4 PLC
5.2.4.1 Global market from PLC, 2018 - 2030
5.2.4.2 Global market from PLC, by region, 2018 - 2030
5.2.5 Cellular
5.2.5.1 Global market from cellular, 2018 - 2030
5.2.5.2 Global market from cellular, by region, 2018 - 2030
5.3 AMR
5.3.1 Global market from AMR, 2018 - 2030
5.3.2 Global market from AMR, by region, 2018 - 2030
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