Smart Electricity Meter Market – Global Opportunities & Forecast, 2020-2027

The global smart electricity meter market report, published by GMI Research, provides extensive insight and analysis of the global smart electricity meter market over the forecast period (2020-2027). The report primarily focuses on the key business financials, product portfolio, expansion strategies, and recent developments in the global smart electricity meter market. The research report also studies the competitive environment of the smart electricity meter market based on the company profiles and their efforts on increasing product value and production.
Leading Players in the Global Smart Electricity Meter Market
The notable players in the global smart electricity meter market include Itron Inc., Microchip Technology Inc., Jiangsu Linyang Energy Co. Ltd., Honeywell International Inc., Aclara Technologies LLC, Iskraemeco, d.d., The Benchmarking Company, Landis+Gyr (Toshiba Corporation), Wasion Group, and Schneider Electric, among others.
Key Drivers in the Global Smart Electricity Meter Market
The key drivers contributing to the growth of the smart electricity meter market size include the increasing requirement for efficient data monitoring systems and the rising number of favorable government policies to encourage the adoption of smart meter across the globe. With the accelerating number of incidences of unstable power generation, the consumers are actively looking for smart electricity meters to control the total energy consumption through different devices. Several nations such as the U.S. and the United Kingdom have launched numerous smart meter rollout schemes to promote the installation of these devices around the country. Furthermore, the growing cases of energy theft are encouraging the end-users to opt for smart meters to deal with fraudulent acts.
The smart electric meter offers accurate reading and does not need the manual procedure of taking readings and then calculating electricity bills. The accelerating demand for electricity as a result of the increasing population rate and the rising electricity prices per unit are further surging the demand of the market in the coming years. In addition to this, the stringent government policies to decrease carbon footprint and the growing consumer awareness regarding the exceptional advantages provided by the smart electricity meter will bring various growth opportunities in the market. However, the growing concern regarding cybersecurity and data privacy is likely to restrain the growth of the global smart electricity meter market.
Market Segmentation
Global Smart Electricity Meter Market by Phase:
  • Single Phase
  • Three Phase
Global Smart Electricity Meter Market by Communication Technology:
  • Power Line Communication
  • Radio Frequency
  • Cellular
Global Smart Electricity Meter Market by End User:
  • Residential
  • Commercial
  • Industrial
Global Smart Electricity Meter Market by Region:
  • North America
o   United States of America
o   Canada
  • Asia Pacific
    • China
    • Japan
    • India
    • Rest of APAC
  • Europe
    • United Kingdom
    • Germany
    • France
    • Spain
    • Rest of Europe
  • RoW
    • Brazil
    • South Africa
    • Saudi Arabia
    • UAE
    • Rest of the world (remaining countries of the LAMEA region)
About GMI Research
GMI Research is a market research and consulting firm which provides bespoke industry & market research to help businesses in making the toughest business decision. We know the significance of accurate data; that’s why our analyst uses a tailored methodology to study every market in detail because one size doesn’t fit all. We not only cover the traditional well-established market but also focuses on the niche market and markets in the emerging economies, where getting data and information is a challenge. This factor makes us pioneer in emerging market research space. Our syndicate reports cover multiple industries across various regions and countries.
Our in-depth market reports help propel your business with all the data, strategic inputs, and competitive intelligence to move ahead even in the most uncertain times. Featured in the ‘Top 20 Most Promising Market Research Consultants’ list of Silicon India Magazine in 2018, we at GMI Research look forward to help businesses stay ahead of the curve.

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