Smart Electric Meter Market

Jul 2020| VMR2662A| Verified Market Research

Report Highlights

Smart Electric Meter Maarket Size And Forecast

Smart Electric Meter Market was valued at USD 8.96 Billion in 2018 and is projected to reach USD 12.23 Billion by 2026, growing at a CAGR of 3.95% from 2019 to 2026.

Global Smart Electric Meter Market Outlook

An increased need for efficient data monitoring systems coupled with favorable government policies for smart meter rollout is majorly boosting the demand for the global smart electric meter market. Improved cost savings due to the use of smart meters making it a definitive case for adoption, and increasing emphasis on renewable energy sources globally is further expected to augment the market growth. The major factor that might impede market growth includes the high initial cost of setting up smart electric meters. Moreover, consumer resistance towards the adoption of new technology in some countries across the globe and lack of proper network connectivity could lead to improper working of smart electricity meters. These factors might restrict the market growth. The major opportunity for this market includes the demand for smart grids and energy efficiency in emerging markets.

Global Smart Electric Meter Market Competitive Landscape

The Global Smart Electric Meter Market study report will provide a valuable insight with an emphasis on global market including some of the major players such as Landis+Gyr (Toshiba Corporation), Wasion Group Holdings, Schneider Electric, Honeywell International Inc., Itron Inc., Jiangsu Linyang Energy Co., Ltd, Siemens, Microchip Technology, Aclara, and Iskraemeco.

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