A smart meter is usually an electronic device that records consumption of electric energy in intervals of an hour or less and communicates that information at least daily back to the utility for monitoring and billing. Smart meters enable two-way communication between the meter and the central system. Unlike home energy monitors, smart meters can gather data for remote reporting. Such an advanced metering infrastructure differs from traditional automatic meter reading in that it enables two-way communications with the meter.
In 2019, the global Smart Meters market size was US$ 9518.5 million and it is expected to reach US$ 17860 million by the end of 2025, with a CAGR of 9% during 2021-2027.
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The major companies include:
- XJ Measurement & Control Meter
- Clou Electronics
- HND Electronics
- Longi
- Hengye Electronics
- Holley Metering
- Wellsun Electric Meter
- Sunrise
Segment by Type, the Smart Meters market is segmented into
- Single-phase smart meter
- Three-phase smart meter
Segment by Application, the Smart Meters market is segmented into
- Residential application
- Commercial application
- Industrial application
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Scope of the Report
The research study analyzes the global Smart Meters industry from 360-degree analysis of the market thoroughly delivering insights into the market for better business decisions, considering multiple aspects some of which are listed below as:
Recent Developments
o Market Overview and growth analysis
o Import and Export Overview
o Volume Analysis
o Current Market Trends and Future Outlook
o Market Opportunistic and Attractive Investment Segment
Geographic Coverage
o North America Market Size and/or Volume
o Latin America Market Size and/or Volume
o Europe Market Size and/or Volume
o Asia-Pacific Market Size and/or Volume
o Rest of the world Market Size and/or Volume
Key Questions Answered by Smart Meters Market Report
1. What was the Smart Meters Market size in 2018 and 2019; what are the estimated growth trends and market forecast (2021-2027).
- What will be the CAGR of Smart Meters Market during the forecast period (2021-2027)?
3. Which segments (product type/applications/end-user) were most attractive for investments in 2018? How these segments are expected to grow during the forecast period (2021-2027).
4. Which manufacturer/vendor/players in the Smart Meters Market was the market leader in 2018?
5. Overview on the existing product portfolio, products in the pipeline, and strategic initiatives taken by key vendors in the market.
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