Impact Analysis of Covid-19
The complete version of the Report will include the impact of the COVID-19, and anticipated change on the future outlook of the industry, by taking into the account the political, economic, social, and technological parameters.
The global smart meters market is estimated to grow at a CAGR of more than 7% during the forecast period. Smart meters are essential components of modern smart grid systems that communicate the information for better clarity to the resource suppliers for monitoring and billing. The market growth is attributed to the increasing digitalization and urbanization, which increase the demand for resources like water, electricity, and gas; thereby, propelling the demand for smart meters. The global market for smart meters is primarily expanding due to the increasing electricity consumption globally. Moreover, government policy mandates, high investments in digital electricity infrastructure, and the development of communication infrastructure are some of the major factors driving the growth of the market.
Market Segmentation
The global smart meters market has been analyzed on the basis of product type, application, technology, and region. By product type, the market is segmented into smart electric meter, smart gas meter, and smart water meter. Among these, the smart electricity meters segment is expected to dominate the market in the forthcoming years. Based on application, the market is segmented into residential, commercial, industrial, and transportation. The residential segment accounted for the largest share of the smart meters market. By technology, the market is segmented into radio frequency (RF) and power line carrier (PLC). Geographically, the market is analyzed into North America, Western Europe, Eastern Europe, Asia Pacific, Latin America, and Middle East & Africa.
Market Structure and Competition Landscape
The growth of the global smart meters market is characterized by the presence of players operating in the market. Some of the key players in the market include Eaton Corp., Itron Inc., Landis+Gyr, Schneider Electric SA, Siemens AG, Badger Meter, EDMI, Holley Metering Ltd., Neptune Technology Group Inc., Sensus, Honeywell International Inc., Kaifa Technology, Suntront Technology, Kamstrup Company, Aichi Tokei Denkei, Wasion Group, Elster Group, General Electric Co., and Genus Power Infrastructure among others. These players adopt various strategies in order to reinforce their market share and gain a competitive edge over other competitors in the market. Mergers and acquisitions, partnerships and collaborations, and product launches are some of the strategies followed by industry players. Some of the key developments in the global smart meters market include,
• In August 2021, Adani Total Gas Ltd., which manufactures gas meters bought 50% share of Smartmeters Systems Pvt Ltd. to reinforce its regional footprint and gain considerable market share.
• In December 2020, Calisen was acquired by global consortium Coyote Bidco. Through this acquisition, Bidco aimed to invest in the energy transition sector in UK with a strong opportunity to expand into adjacent sectors.
Request Sample 
Request Discount 
Inquire Before Buy
