Dublin, December 23, 2020 (GLOBE NEWSWIRE) – Added to the report “Global Smart Meter Market – Growth, Trends, Projections (2020 – 2025)” ResearchAndMarkets.com’s offering.
The smart meter market saw shipments of around 131.23 million units of smart meters worldwide in 2019 and is estimated to reach 188.12 million units by 2025, recording a CAGR of 6.6% for the period was expected. Smart grids are being implemented worldwide, with the goal of improving the efficiency of power networks. So smart electric meters are adopted, which are an essential part of smart grids all over the world. Countries around the world are adopting emissions control rules, to address the environmental effects of pollution.
- Smart meters are increasingly being adopted across the globe, for a variety of uses, such as electricity, gas, and water, due to its two-way communication feature, which enables real-time monitoring of utility usage, both with a utility provider and a user, also encouraged to start / read / cut off supply remotely with the provider.
- In addition, digitization is accelerating and updating energy efficiency measures, as the use of smart grids is increasing worldwide, as they are capable of better supply and large-scale electricity supply. from renewable energy sources such as solar power.
- In addition, an increase in government support and investments is expected to increase the adoption and use of smart meters in the country. For example, in February 2020, India-owned Energy Efficiency Services Limited (EESL) completed the installation of about 10 smart meters across India under the Government of India’s National Smart Meter Program. EESL set the target to install 25 smart crore meters over the next few years. It is also anticipated that there will be a need to establish a manufacturing base of smart electricity meters in the country to ensure that an adequate supply of adequate meters is installed throughout the country, by outsourcing. monopoly.
- However, the recent trade war situation is expected to pose major obstacles to the growth of smart meter infrastructure. Heavy tariffs imposed by the US government on Chinese imports have severely hampered manufacturing activity in several industries. Also, retaliatory tariffs imposed by the Chinese government, which focus on metal segments, and energy are expected to slow the growth of the smart meters market.
A share of smart electricity meters is expected to see the highest growth
- Smart electric meters play an important role in the industrial, residential, manufacturing and commercial sectors, as this meter measures the energy consumed by consumers. The electric power industry continues to move towards cleaner energy by upgrading energy grids to smart meters. It will allow electricity companies to boost the strength and functionality of the energy grid and help increase visibility into the operation of the system and thus avoid pressure.
- The market has also seen the creation of strategic alliances with key vendors in the market with the communications technology suppliers to strengthen its supply and position and is expected to lead the smart electric meter. For example, in 2019, Genesis will partner with Chirpy Chirpyplus, Australasia’s newest online community for people over 55 to give their customer access to New Zealand.
- With rising energy prices and environmental concerns about power generation and distribution, businesses are seeking new time and cost-effective measures to regulate power generation and circulation, worldwide.
- For example, Japan is investing heavily in the use of smart electricity meters to keep energy prices at affordable levels. In addition, it focuses on improving the safety issues associated with energy supply, which are seen by the environmental catastrophe and major mitigation that resulted from the Fukushima Daiichi disaster there. in 2011.
Key topics covered:
1 INTRODUCTION
2 RESEARCH METHODOLOGY
3 SUMMARY
4 MARKET DYNAMICS
4.1 Market outlook
4.2 Market Impact of COVID -19
4.3 The attractiveness of the industry – Porter Force Five Review
4.4 Business value chain analysis
4.5 Market drivers
4.6 Market barriers
5 MARKET VIEW
5.1 Smart Gas Meters
5.2 Smart water meters
5.3 Electric Meters
6 COMPETITIVE LAND
6.1 Company Profiles
6.1.1 AEM SA
6.1.2 Aichi Tokei Denki
6.1.3 Apator SA
6.1.4 Arad Group
6.1.5 Azbil Kimmon Co. Earr
6.1.6 Badger Meters Inc.
6.1.7 Diehl Stiftung & Co. KG
6.1.8 Elster Group GmbH (Honeywell International Inc.)
6.1.9 General Electricity Company
6.1.10 Hexing Electricity Company Limited
6.1.11 Holley Technology Ltd.
6.1.12 Itron Inc.
6.1.13 Jiangsu Linyang Energy Co. Ltd.
6.1.14 Kamstrup AS
6.1.15 Landis Group + GYR AG
6.1.16 Mueller Systems LLC
6.1.17 Nanjing Xinlian Electronics Co. Ltd.
6.1.18 Neptune Technology Group Inc.
6.1.19 Ningbo Sanxing Electric Co. Ltd.
6.1.20 Pietro Fiorentini
6.1.21 Sagemcom SAS
6.1.22 Sensus USA Inc. (Xylem Inc.)
6.1.23 Shenzhen Hemei Group Co. Ltd.
6.1.24 Wasion Group Motions
6.1.25 Corporra Yazaki
6.1.26 Zenner International GmbH & Co. KG
7 MARKET OPPORTUNITIES AND FUTURE RESULTS
For more information about this report, visit https://www.researchandmarkets.com/r/pck83w
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