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Smart Electric Meter Market Analysis

  • Report ID: 2919
  • Published Date: Sep 23, 2024
  • Report Format: PDF, PPT

Smart Electric Meter Market Analysis

The smart electricity meters market is segmented based on the communication technology type into radio frequency, power line communication, and cellular, out of which, the radio frequency segment is anticipated to grab the most significant share by the end of 2029 on account of less costing and better efficiency of radio frequency. 

 Based on end-user, the residential segment in the market is projected to grow with a significant CAGR over the forecast period. The segment's growth can be attributed to the fact that smart electricity meters can assist the users in monitoring, regularizing, and reducing their consumption from the generators.

 

Our in-depth analysis of the global market includes the following segments:

           Communication Technology Type
  • Radio Frequency
  • Power Line Communication
  • Cellular

          End-User
  • Residential
  • Commercial
  • Industrial

          Phase
  • Single Phase
  • Three Phase
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Author Credits:  Abhishek Verma


  • Report ID: 2919
  • Published Date: Sep 23, 2024
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

Rising investments in smart grid technologies and smart cities and increasing urban population are the key factors driving the market growth.

The market is anticipated to attain a moderate CAGR over the forecast period, i.e., 2021-2029.

Costly installation charges and lack of awareness about a smart electric meter in lower economic regions are estimated to hamper the market growth.

The Asia Pacific region market will provide ample growth opportunities due to the increasing awareness about the smart electric meter.

The major players dominating the smart electric meter market are ABB, Itron Inc., GENERAL ELECTRIC, and Wasion Group among others.
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