Smart Meters Market Forecast: Reaching US $42.58 Billion by 2029


Posted March 22, 2024 by shubhammmr

According to the International Energy Agency (IEA), the global energy demand is expected to grow by about 60% by 2030.
 
Smart Meters Market Report Overview:

This comprehensive Smart Meters Market report provides a deep dive into the current landscape and future projections. It delivers valuable insights and updates on critical sectors within the industry. Furthermore, it conducts an in-depth analysis of the global demand for Smart Meters products and services, covering manufacturing, revenue generation, sales, and overall revenue within the Smart Meters market. Additionally, the report delves into fundamental aspects of the Smart Meters market, exploring the drivers, opportunities, trends, and challenges influencing market dynamics.

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Smart Meters Market Scope and Research Methodology:

Data acquisition for this report involves a meticulous blend of primary and secondary sources. Primary data is collected through interviews with industry experts and stakeholders, while secondary data is sourced from governmental entities, trade associations, and industry-focused publications. Employing a bottom-up approach, the report estimates the size of the Smart Meters market, starting from individual market segments and culminating in a comprehensive assessment. Detailed insights are provided on various aspects including capacity, manufacturing, pricing, costs, revenues, and market statistics, facilitating stakeholders' understanding of the financial performance of key players in the Smart Meters industry.

Smart Meters Market Regional Insights:

This research presents a detailed analysis of the size and dynamics of the Smart Meters market across different regions, including North America (covering the United States, Canada, and Mexico), Europe (encompassing Germany, France, Spain, Italy, and other European nations), Asia-Pacific (including China, India, Japan, Australia, Korea, ASEAN countries, and other APAC nations), South America (encompassing Brazil, Argentina, and other South American nations), and Middle East and Africa (covering South Africa, Egypt, and other MEA nations).

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Smart Meters Market Segmentation:

The report delineates various market segments within the Smart Meters domain, providing insights into key players operating within each segment.

by Type

Electric
Gas
Water

by Communication type

RF
PLC
Cellular

by End-User

Residential
Commercial
Industrial

The market is divided into three segments: residential, commercial, and industrial, based on the end-user. In 2022, the Residential category accounted for 48% of the market, the biggest share. Technological and economic developments, in addition to the increased government support for smart meter mandates in emerging nations like China and India, are credited with the segment's rise. The need for smart meters in the residential sector is being driven by the rising use of household goods such air conditioners, televisions, lights, refrigerators, ceiling fans, fabric washers, dishwashers, personal computers, and heating and air conditioning equipment at residential buildings.

Smart Meters Market Key Players:

This section offers insights into the major entities influencing the Smart Meters market landscape.

1. Aclara Technologies LLC
2. Wasion Group Holdings
3. Elster Group SE
4. Jiangsu Linyang Energy Co. Ltd
5. Ningbo Sanxing Electric Co. Ltd
6. Kamstrup A/S
7. Hexing Electric Company Ltd
8. Itron Inc.
9. Holley Metering Limited
10. Sensus USA Inc.
11. Shenzhen Hemei Group Co. Ltd
12. General Electric Ltd
13. Diehl Stiftung & Co. KG
14. Hangzhou Beta Gas Meters Co. Ltd
15. Pietro Fiorentini

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Key Inquiries Addressed in the Market Analysis:

Identification of Smart Meters market segments
Projected size of the Smart Meters market by the end of the forecast period
Expected Compound Annual Growth Rate (CAGR) of the Smart Meters market during the forecast period
Emerging trends within the Smart Meters market
Factors influencing the final pricing of Smart Meters
Principal challenges anticipated in the future of the Smart Meters market
Key Offerings:

Market Share, Size & Revenue Forecast for 2024–2030
Analysis of Market Dynamics: Growth Drivers, Restraints, Investment Opportunities, and Key Trends
Segmentation Analysis: Route of Administration, Application, Facility of Use, and Region
Competitive Landscape: Top Key Vendors and Other Prominent Players
PESTLE Analysis and Porter’s Five Forces Analysis
Key Findings
Analyst Recommendations
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Issued By MMR
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Business Address 3rd Floor, Navale IT park Phase 2,
Pune Banglore Highway, Narhe
Country India
Categories Business , News , Research
Tags smart meters market , smart meters industry , smart meters market size , smart meters market analysis , smart meters market trends
Last Updated March 22, 2024