The article cited AMA's Global Smart Electricity Meters Market Study explored substantial growth with CAGR of %. According the report, Need for the Accurate Measurement of Electricity Consumption
is one of the primary growth factors for the market. Growing Replacement of Electrochemical and Old Meters
is also expected to contribute significantly to the Smart Electricity Meters market. Overall, applications of Smart Electricity Meters, and the growing awareness of them, is what makes this segment of the industry important to its overall growth. The presence of players such as Schneider Electric (France), Landis+Gyr (Switzerland), Itron (United States), General Electric (United States), Elster Group SE (United States), Kamstrup (Denmark), Electronics B2B (India), CyanConnode Holdings (United Kingdom) and Genus Power Infrastructures Ltd. (India) may see astonishing sales in this Market and certainly improve revenue growth.
AMAs Analyst on the Global Smart Electricity Meters market identified that the demand is rising in many different parts of the world as "Increasing Demand for Smart Electricity Meters
". Furthermore, some recent industry insights like "On 30th March 2021, Itron has launched a residential smart electricity meter named eHZ-B for the German market. eHZ-B is built with innovative functionality to fund Germany’s ongoing energy transition to a low carbon, environmentally sound, reliable, and affordable energy supply, etc. The new launch is owing to the cities to safely migrate to a smart and connected distribution network." is constantly making the industry dynamic. One of the challenges that industry facing is "The Security Related Risk of Metering Data"
The report provides an in-depth analysis and forecast about the industry covering the following key features:
Detailed Overview of Smart Electricity Meters market will help deliver clients and businesses making strategies. Influencing factors that thriving demand and latest trend running in the market What is the market concentration? Is it fragmented or highly concentrated? What trends, challenges and barriers will impact the development and sizing of Smart Electricity Meters market SWOT Analysis of profiled players and Porter's five forces & PEST Analysis for deep insights. What growth momentum or downgrade market may carry during the forecast period? Which region may tap highest market share in coming era? What focused approach and constraints are holding the Smart Electricity Meters market tight? Which application/end-user category or Product Type [AMR meters, AMI meters, CT-PT Meter, Distribution Transformer Operated Meter, Single-phase and Three-phase] may seek incremental growth prospects? What would be the market share of key countries like Germany, USA, France, China etc.?
Market Size Estimation In market engineering method, both top-down and bottom-up approaches have been used, along with various data triangulation process, to predict and validate the market size of the Smart Electricity Meters market and other related sub-markets covered in the study.
o Key & emerging players in the Smart Electricity Meters market have been observed through secondary research. o The industrys supply chain and overall market size, in terms of value, have been derived through primary and secondary research processes. o All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.
Data Triangulation The overall Smart Electricity Meters market size is calculated using market estimation process, the Smart Electricity Meters market was further split into various segments and sub-segments. To complete the overall market engineering and arriving at the exact statistics for all segments and sub-segments, the market breakdown and data triangulation procedures have been utilized, wherever applicable. The data have been triangulated by studying various influencing factors and trends identified from both demand and supply sides of various applications involved in the study. Along with this, the Global Smart Electricity Meters market size has been validated using both top-down and bottom-up approaches.