A comprehensive research study titled Smart Meters Market has been recently added by Absolute Markets Insights to its extensive repository. Industry Statistics have been collected using qualitative and quantitative research methods to help make informed business decisions. The report also sheds light on various factors of global business, such as driving forces, constraints and opportunities. In addition, it also provides insights on business attributes such as local consumption, global consumption, imports and exports. The forecast period is 2021-2030.The researchers also carefully studied the entire supply and demand chain.
Key Companies Profiled: 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.
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 (2021-2030).
Browse the full report description, along with the ToCs and List of Facts and Figures @ https://www.absolutemarketsinsights.com/reports/Smart-Meters-Market-2019-2027-583
Various Analyses Covered: Global, Regional & Country Level Analysis, Segment-Level Analysis, Drivers, Challenges, Opportunities, Challenges, PESTLE Analysis, Porter's Five Forces Analysis, Competitive Landscape, Analyst Overview on Investment Opportunities
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 Smart Meter Type
- Electricity Meters
- Gas Meters
- Heat Meters
- Water Meters
- Automatic Meter Reading (AMR)
- Advanced Metering Infrastructure (AMI)
- North America
- Asia Pacific
- Middle East and Africa
- Latin America
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