Global Smart Meters Market Trends, Size, Competitive Analysis and Forecast - 2020-2026
The global market for smart meters is projected to have considerable CAGR of around 7.5% during the forecast period. The market growth mainly backed by the increasing inclination towards smart meters in place of conventional meters due to various advantages, such as theft detection and leakage management further raises the demand for smart meters across the globe. The smart meters provides theft and accurate billing and enhanced customer services by the integration of AMI systems. Along with that, the growth is attributed to increasing penetration of smart meters in the near future, owing to government regulation and initiatives, rising demand for utility management, and rising urbanization in emerging economies such as India and China. Additionally, smart meters support in-house displays, keeping the consumers informed about the energy used by them in real-time.
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Some of the smart meters offer remote access to various utility's control center and consumers can pay bills through mobile app syncing. Therefore growing penetration of smartphone also projected to provide significant opportunity to the market.
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Global smart meters Market Segmentation
By Product Type
Smart Gas Meters
Smart Electric Meters
Smart Water Maters
By Technology
Advanced Metering Infrastructure (AMI)
Automated Meter Reading (AMR)
By Application
Residential
Commercial
Industrial
Regional Analysis
North America
United States
Canada
Europe
UK
Germany
Italy
Spain
France
Rest of Europe
Asia-Pacific
China
India
Japan
Rest of Asia-Pacific
Rest of the World
Company Profiles
Aclara Technologies LLC
Apator SA
Badger Meter, Inc.
Diehl Stiftung& Co. KG
Eaton Corp.
EDMI Ltd.
Flonidan A/S
General Electric Co.
Holley Technology UK Ltd.
Honeywell International, Inc.
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