As per this study, the Global Smart Metering System Market was valued USD XX.X MN (by revenue) in 2019 and is anticipated to reach USD XX.X MN by 2026 with a CAGR of X.X%. By volume, the market was estimated at XX.X million units in 2019 and is expected to reach XX.X million units by 2026 with a CAGR of X.X%.
A smart metering system is a system that encompasses smart meters along with control devices and communication link. Smart meters refer to the digital meters that posse’s smart grid technology to measures, record and monitor real-time energy usage. It also facilitates power consumption controlling in order to reduce the bill.
Rising demand for electricity globally and growing need for advanced monitoring system is driving the market growth. Favorable mandates imposed by regulatory bodies on use of smart meters are further fueling the growth. Growing awareness regarding the product coupled with increasing demand for automated technologies is boosting the market growth. On the flip side, high initial cost for installation may act as the restrain for the market growth.
This detailed market study is centered on the data obtained from multiple sources and is analyzed using numerous tools including porter’s five forces analysis, market attractiveness analysis and value chain analysis. These tools are employed to gain insights of the potential value of the market facilitating the business strategists with the latest growth opportunities. Additionally, these tools also provide a detailed analysis of each application/product segment in the global market of smart metering system.
The broad smart metering system market has been sub-grouped into product, technology and application. The report studies these subsets with respect to the geographical segmentation. The strategists can gain a detailed insight and devise appropriate strategies to target specific market. This detail will lead to a focused approach leading to identification of better opportunities.
Furthermore, the report comprises of the geographical segmentation, which mainly focuses on current and forecast demand for smart metering system in North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The report further focuses on demand for individual application segments in all the regions.
Europe Smart Metering System Market By Revenue (USD MN)
The report also covers detailed competitive landscape including company profiles of key players operating in the global market. The key players in the smart metering system market include Aclara Technologies LLC, Badger Meter, Inc., Circutor SA, Holley Technology LTD, Honeywell Elster, ICSA (India) Ltd, Iskraemeco, Itron, Landis+Gyr, Neptune Technology Group, Inc., Osaki, Schneider Electric SE, Sensus and Siemens among others. An in-depth view of the competitive outlook includes future capacities, key mergers & acquisitions, financial overview, partnerships, collaborations, new product launches, new product developments and other developments with information in terms of H.Q.
A combination of primary and secondary research has been used to determine the market estimates and forecasts. Sources used for secondary research include (but not limited to) Paid Data Sources, Company Websites, Technical Journals, Annual Reports, SEC Filings and various other industry publications. Specific details on methodology used for this report can be provided on demand.