Smart Electric Market Size Report Predicts Healthy Growth with Demand & Forecasts by 2030

The global smart electric meter market is anticipated to grow at a considerable CAGR of 7.6% during the forecast period. The growth of the market is attributed to favorable government initiatives and funding such as smart city projects by the European and Asia- Pacific government. In India, the government planned to build 90 smart cities by 2022. Additionally, the British government had planned to install a smart meter in every home by 2020. According to the national renewable energy laboratory, in the US 60 million smart electric meters will be installed by 2019. The cohesive government policies and initiatives are driving the growth of the smart electric meter market. Concepts of smart homes and smart cities and energy conservation by use of smart electric meters are also factors that are stimulating the market growth. However, a lack of a skilled workforce and reluctance by key end-users to adopt new technology may hamper the growth of the smart electric meter market. Moreover, interoperability issues and radiofrequency emissions are also expected to restrain market growth to some extent. With favorable government mandates and legislations, North America and Europe are expected to witness significant growth in the smart electric meter market.

Get Free Sample link @ https://www.omrglobal.com/request-sample/smart-electric-meter-market

The global smart electric meter market is segmented based on application, technology, material, and shape type. Based on the communication technology, the market is sub-segmented power line communication, cellular, and radiofrequency. Based on phase, the market is segmented into a single phase, and three-phase. And, based on the end-user, the market is segmented into residential, commercial, and industrial.

full report of Smart Electric Meter Market available @ https://www.omrglobal.com/industry-reports/smart-electric-meter-market

• Market Coverage


• Market number available for – 2024-2031


• Base year- 2024


• Forecast period- 2024-2031


• Segment Covered- By Source, By Product Type, By Applications


• Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill


• , and others

Global Smart Electric Meter Market - Segment

By Communication Technology

• Power Line Communication


• Cellular


• Radio Frequency

By Phase

• Single Phase


• Three Phase

By End-User

• Residential


• Commercial


• Industrial

Global Smart Electric Meter Market - Regional

North America

• US


• copyright

Europe

• Germany


• UK


• France


• Spain


• Italy


• Rest of Europe

Asia-Pacific

• China


• Japan


• India


• Rest of Asia-Pacific

Rest of the World

• Middle East & Africa


• Latin America

The Report Covers

• Market value data analysis of 2021 and forecast to 2028.


• Annualized market revenues ($ million) for each market segment.


• Country-wise analysis of major geographical regions.


• Key companies operating in the global smart electric meter market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.


• Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.


• Analysis of market entry and market expansion strategies.


• Competitive strategies by identifying ‘who-stands-where’ in the market.

For More Customized Data, Request for Report Customization @ https://www.omrglobal.com/report-customization/smart-electric-meter-market

About Orion Market Research
Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services. The company also offer Digital Marketing services through its subsidiary OMR Digital and Software development and Consulting Services through another subsidiary Encanto Technologies.

Media Contact:

Company Name: Orion Market Research

Contact Person: Mr. Anurag Tiwari

Email: [email protected]

Contact no: +91 780-304-0404