Global Smart Meters Market: Overview

A smart meter is a new type of meter that is built with the help of advanced technology. The smart meter automatically sends the reading to your power supplier. These meters can be used to measure gas and electricity supplies.

Global Smart Meters Market: Growth Factors

Government’s effort of emission reductions is the significant reason that has propelled the growth of the global market. Further, rising demand for smart meters is also driving the global smart meters market growth. Additionally, condensed dependency on depleting fossil fuels is one of the significant factors driving the growth of the global smart meters market. Adding more to the list, increasing demand for effective and eco-energy transmission is towering the growth of the global market. In addition to this, factors such as security of energy supply are also escalating the growth of the global market. Additionally, rising awareness among the consumer about energy consumption is one of the significant reasons driving the growth of the global smart meters market. Further, efficient monitoring of energy usage is also driving the global smart meters market growth. Adding more to the list, reducing carbon footprint is towering the growth of the global market. Additionally, promotion of installation of smart electricity meters is one of the significant reasons driving the growth of the global smart meters market. Further, a rise in smart grid technologies is also driving the global smart meters market growth.

Global Smart Meters Market: Segmentation

On the basis of types, the global smart meters market is mainly classified as smart water meters, smart electric meters, smart gas meters, and others.

Based on end users, the global market is bifurcated into residential, industrial, and commercial.

On the basis region, the global market for smart meters is divided into the Middle East and Africa, Europe, Asia Pacific, and North America.

Based on the target audience, the global market is bifurcated into dealers, manufacturers, raw material providers, suppliers, power and energy companies, research organizations, private utility providers, government utility providers, network operators, private customers, smart grid players, metering companies, investment banks, venture capital firms, and others.

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Global Smart Meters Market: Regional Analysis

Government’s effort of emission reductions has elevated the global market in the U.S. Also, condensed dependency on depleting fossil fuels is escalating the global market in Canada. Increasing demand for effective and eco-energy transmission is boosting the global market in India. Rising demand for smart meters has elevated the global market in China. Also, factors such as security of energy supply are escalating the global market in Japan. Rising awareness among the consumer about energy consumption has fueled the global market in the Europe. Also, efficient monitoring of energy usage is propelling the global market in the Middle East and Africa.

Global Smart Meters Market: Competitive Players

Some of the key players in the global market for smart meters are Itron, Echelon, Holley, Sensus, Aclara, Elster, Landis+Gyr, Jiangsu Linyang, and others.

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