The global Smart Meters market was valued at 84.95 Million USD in 2021 and will grow with a CAGR of 9.83% from 2021 to 2027, based on HNY Research newly published report.

The prime objective of this report is to provide the insights on the post COVID-19 impact wwhich will help market players in this field evaluate their business approaches. Also, this report covers market segmentation by major market verdors, types, applications/end users and geography(North America, East Asia, Europe, South Asia, Southeast Asia, Middle East, Africa, Oceania, South America).

A smart meter is usually an electronic device that records consumption of electric energy in intervals of an hour or less and communicates that information at least daily back to the utility for monitoring and billing. Smart meters enable two-way communication between the meter and the central system. Unlike home energy monitors, smart meters can gather data for remote reporting. Such an advanced metering infrastructure differs from traditional automatic meter reading in that it enables two-way communications with the meter.The largest smart meters markets have been North America, Europe and APAC (particularly China). And the market is supplied by a combination of large multinational firms and smaller local manufacturers. The leading global firms include Landis+Gyr (based in Switzerland but owned by Toshiba Corp. of Japan), GE Digital Energy (United States), Itron (United States), Aclara (United States), Elster Group (Germany), Sensus (United States) and Holley Metering (China), among others. These companies tend to compete against each other globally to supply most of the largest smart meter markets. In many markets, these leading global firms also face competition from local manufacturers. In China, for example, local manufacturers supply the bulk of the market.

By Market Verdors:

Landis+Gyr

Itron

GE Digital Energy

Siemens

Kamstrup

Sensus

Elster Group

Silver Spring Networks

Aclara

Nuri Telecom

Sagemcom

Trilliant

Iskraemeco

Echelon

Tantalus Systems

ZIV

Sanxing

Linyang Electronics

Wasion Group

Haixing Electrical

Techrise Electronics

Chintim Instruments

XJ Measurement & Control Meter

Clou Electronics

HND Electronics

Longi

Hengye Electronics

Holley Metering

Wellsun Electric Meter

Sunrise

Xiou International Group

Pax Electronic Technlogy

Huayi Electronics

Changyi Group

Gaoke

Shenzhen Kaifa Technology

Risesun Group

Banner

Bada Instruments

Jinling Intelligent Electric Meter

By Types:

Single-phase smart meter

Three-phase smart meter

By Applications:

Residential application

Commercial application

Industrial application

Key Indicators Analysed

Market Players & Competitor Analysis: The report covers the key players of the industry including Company Profile, Product Specifications, Production Capacity/Sales, Revenue, Price and Gross Margin 2016-2027 & Sales with a thorough analysis of the market’s competitive landscape and detailed information on vendors and comprehensive details of factors that will challenge the growth of major market vendors.

Global and Regional Market Analysis: The report includes Global & Regional market status and outlook 2016-2027. Further the report provides break down details about each region & countries covered in the report. Identifying its sales, sales volume & revenue forecast. With detailed analysis by types and applications.

Market Trends: Market key trends which include Increased Competition and Continuous Innovations.

Opportunities and Drivers: Identifying the Growing Demands and New Technology

Porters Five Force Analysis: The report provides with the state of competition in industry depending on five basic forces: threat of new entrants, bargaining power of suppliers, bargaining power of buyers, threat of substitute products or services, and existing industry rivalry.

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