Report ID: UCMIG55C2013
Smart Meter Market Size, Share, Growth Analysis, By Product(Smart Electric Meter, Smart Water Meter, Smart Gas Meter), By End Use(Residential, Commercial, Industrial), By Region(North America, U.S., Canada, Mexico) - Industry Forecast 2024-2031
Report ID:
UCMIG55C2013 |
Region:
Global |
Published Date: Upcoming |
Pages:
165
| Tables: 55 | Figures: 60
Smart Meter Market Insights
Market Overview:
A smart metre is an electronic device that keeps track of data like electric energy use, voltage levels, current, and power factor. Smart metres provide data to consumers for a better understanding of consumption patterns, as well as to power suppliers for system monitoring and customer invoicing. Smart metres give utility companies access to a huge network of electronic devices as well as large amounts of customer data. As smart metres collect and communicate enormous amounts of data to utility companies, system integrators, and service providers, safeguarding that data from antisocial elements becomes increasingly important. Government regulations and incentives for smart metre installation fuel the market for smart metres. Furthermore, utilities may not be aware of the benefits of installing smart metres for several years, making the investment less appealing in the absence of government incentives. As a result, governments all over the world have established a variety of laws and mandates to aid in the installation of smart metres and smart grids. Investments are expected to be sparked by net-zero ambitions and an ambitious renewables plan, as well as remarkable development plans by energy providers.
Smart Meter Market, Forecast & Y-O-Y Growth Rate, 2020 - 2028
To get more reports on the above market click here to
Get Free Sample
Get Free Sample
This report is being written to illustrate the market opportunity by region and by segments, indicating opportunity areas for the vendors to tap upon. To estimate the opportunity, it was very important to understand the current market scenario and the way it will grow in future.
Production and consumption patterns are being carefully compared to forecast the market. Other factors considered to forecast the market are the growth of the adjacent market, revenue growth of the key market vendors, scenario-based analysis, and market segment growth.
The market size was determined by estimating the market through a top-down and bottom-up approach, which was further validated with industry interviews. Considering the nature of the market we derived the Multi-Utilities by segment aggregation, the contribution of the Multi-Utilities in Diversified Utilities Services and vendor share.
To determine the growth of the market factors such as drivers, trends, restraints, and opportunities were identified, and the impact of these factors was analyzed to determine the market growth. To understand the market growth in detail, we have analyzed the year-on-year growth of the market. Also, historic growth rates were compared to determine growth patterns.
Smart Meter Market Report Snapshots
Want to customize this report?
Our industry expert will work with you to provide you with customized data in a short amount of time.
REQUEST FREE CUSTOMIZATION
USA (+1) 351-333-4748
