The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2024 and forecasted to 2033

The surge in global power demand emerges as a primary driver for the smart electric meter market’s expansion.

• Global Power Demand: Increasing socio-economic factors drive power demand across developed and developing economies.
• Investments in Infrastructure: Governments and utility providers invest in advanced metering infrastructure to meet rising demand.
• International Energy Agency (IEA) Report: Worldwide electricity demand projected to grow by 2.4% in 2022, emphasizing the need for smart meters.

Innovative Technological Advancements Transforming The Smart Electric Meter Market

Technological advancements play a pivotal role in shaping the landscape of the smart electric meter market.

• Focus on Innovation: Companies prioritize developing advanced products with cutting-edge communication technologies.
• Example: Meghalaya Energy Corporation Limited (MeECL): Launches smart electricity meters enabling customers to monitor and manage power usage efficiently.
• Operational Efficiency: Smart meters eliminate manual readings, reducing operating expenses and enhancing billing efficiency.

Landis+Gyr Expands Global Presence And Smart Meter Portfolio

Strategic acquisitions bolster companies’ positions and broaden their product offerings in the smart electric meter market.

• Acquisition Details: Landis+Gyr acquires Luna Elektrik Elektronik Sanayi ve Ticaret to expand its smart meter portfolio.
• Focus on Growth: Landis+Gyr aims to enhance its global business presence and offerings through acquisitions.
• Market Impact: Acquisitions contribute to market consolidation and increased competitiveness.

Market Segmentation

The smart electric meter market is segmented based on various parameters.

• Type: Advanced Metering Infrastructure (AMI), Auto Meter Reading (AMR)
• Phase: Single-phase, Three-phase
• Communication Technology: Power Line Communication, Radio Frequency, Cellular
• Application: Residential, Commercial, Utility

Regional Insights

Asia-Pacific leads the smart electric meter market, while North America is poised for rapid growth.

• Asia-Pacific: Holds the largest market share due to robust adoption and infrastructure investments.
• North America: Expected to witness accelerated growth, driven by technological advancements and regulatory mandates.

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The Smart Electric Meter Global Market Report 2024  provides an overview of the smart electric meter market for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The smart electric meter market forecast analyzes smart electric meter market size, smart electric meter market share, leading competitor and their market positions.

The Table Of Content For The Smart Electric Meter Market Include:

1. Smart Electric Meter Market Executive Summary
2. Smart Electric Meter Market Segments
3. Smart Electric Meter Market Size And Smart Electric Meter Market Growth Rate
4. Key Smart Electric Meter Market Trends
5. Major Smart Electric Meter Market Drivers
……
25. Key Mergers And Acquisitions In The Smart Electric Meter Market
26. Top Smart Electric Meter Companies
27. Smart Electric Meter Market Opportunities And Strategies
28. Smart Electric Meter Market, Conclusions And Recommendations
29. Appendix

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