Global Smart Electric Meter Market 2021-2025

Global Smart Electric Meter Market 2021-2025

Technavio has been monitoring the smart electric meter market and it is poised to grow by $ 7.60 bn during 2021-2025 progressing at a CAGR of 12% during the forecast period. Our report on smart electric meter market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current global market scenario, latest trends and drivers, and the overall market environment. The market is driven by the rising deployment of smart grid projects and improvement in advanced metering infrastructure in the utility sector. In addition, rising deployment of smart grid projects is anticipated to boost the growth of the market as well.

The smart electric meter market analysis includes end-user segment and geographical landscapes.

Technavio's smart electric meter market is segmented as below:

By End-user

• Residential
• Commercial
• Industrial

By Geographical Landscapes

• APAC
• North America
• Europe
• South America
• MEA

This study identifies the increasing regulations to use energy-efficient equipment as one of the prime reasons driving the smart electric meter market growth during the next few years.

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters. Our report on smart electric meter market covers the following areas:

• Smart electric meter market sizing
• Smart electric meter market forecast
• Smart electric meter market industry analysis

Technavio's robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading smart electric meter market vendors that include Aclara Technologies LLC, Honeywell International Inc., HPL Electric and Power Ltd., Itron Inc., Landis+Gyr AG, MosChip Technologies Ltd., Schneider Electric SE, Simpson Electric, STMicroelectronics NV, and Xylem Inc.. Also, the smart electric meter market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage on all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. Technavio's market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast an accurate market growth.