The market report titled Global Smart Meters Market has been recently added by Absolute Markets Insights to its extensive repository and the data can be used to gain penetrative insights into the businesses. The case study thus addresses the present market scenario and historical developments of the market. Moreover, the case study has been gauged on the basis of primary and secondary research methodologies. Furthermore, with the help of different analysis tools such as SWOT analysis and Porter’s five analysis accurate knowledge of Global Smart Meters market has been presented to readers. Graphical presentation techniques such as ample graph, tables, charts, and pictures further enhances the understanding of market data. The report has been created precisely by gauging intricate market aspects and presented to readers for an effective market study.
Major players operating in the global Smart Meters Market: Aclara Technologies LLC, Bristol Energy, British Gas, Bulb Energy Limited, Duke Energy Corporation, E.ON UK plc, Jabil Inc., Npower, OVO Energy Ltd, Scottish Power Ltd, Sierra Wireless, Southern Company, STMicroelectronics and Thales Group amongst others.
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Additionally, the report presents extensive knowledge on distinctive market attributes such as production, revenue, and capacity. Among other distinctive features of the market report, it also includes coverage of influential market trends and of the current scenario on market shares. Significant information of the report is supported by evidence of prominent companies such as financial overview, specification and recent developments. Finally, the research also draws attention to possible strengths, weaknesses, threats, and opportunities that can affect the progress of global Smart Meters market.
In terms of revenue, global smart meters market was valued at US$ 18.06 Bn in 2020 and is anticipated to grow at a CAGR of 6.63% over the forecast period (2022-2030). The study analyses the market in terms of revenue across all the major regions, which have been bifurcated into countries. Governments across continents are undertaking initiatives to transform their conventional utility grids into smart grids. For instance, according to the Department for Business, Energy and Industrial Strategy (BEIS), the smart meter rollout in the UK reached a mark of 21.5 million by end of 2019. The U.K government has further planned installation of smart meters at every house by 2024. The older technology smart meters installed by government had few drawbacks and were rendered futile when customers switched the energy supplier. These drawbacks have been eliminated in the second generation smart meters. Thus, the government investment towards development of smart infrastructure is complimenting the growth of global smart meters market.
Global Smart Meters Market Segmentation:
By Offering
• Hardware
• Software
• Services
By Smart Meter Type
• Electricity Meters
• Gas Meters
• Heat Meters
• Water Meters
By Technology
• Automatic Meter Reading (AMR)
• Advanced Metering Infrastructure (AMI)
By Application
• Residential
• Commercial
• Industrial
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