According to Goldstein Research, global smart electric meter market is expected to reach USD 15.12 billion by 2024, growing at a CAGR of 9.7% over the forecast period 2016-2024. The development of smart grid across the globe is driving the demand for a smart electric meter for the effective networking, transmission, and distribution of power. Global smart electric meter market segmentation has been done on the basis of communication technology, phase, application, and geography. Residential installation of smart meters accounted for the largest market share of 80.2% and commercial smart meter installation accounted for 16.0% market share.
Global [URL=https://www.goldsteinresearch.com/report/smart-electric-meter-market-size-trends-analysis]smart electric meter market report[/URL] is largely dominated by North America on account of huge growth in smart grid networking projects and also it accounted for78.5% households having smart meters installed, being the largest in the world. APAC region tends to be an opportunistic market, expected to grow at the highest CAGR over the forecast period on the back of rising smart grid projects and government investments mainly in Japan, Singapore, India, South Korea and Australia.
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Market Segmentation
On the basis of our in-depth analysis, Global Smart Electric Meter Market can be segmented as follows:
By Communication Technology
o Radio Frequency
o Power Line Communication (PLC)
o Cellular
By Phase
o Single Phase
o Three Phase
By Application
o Industrial
o Commercial
o Residential
By Region
o North America
o Europe
o Middle East and Africa
o Latin America
o Asia Pacific
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“Global Smart Electric Meter Market Outlook 2024” contains a detailed overview of the global smart electric meter market.On the basis of our in-depth analysis, the market can be segmented in terms of market segmentation by communication technology, phase, and application.
Further, for the in-depth analysis, Global Smart Electric Meter Market Report encompasses the industry growth drivers, market challenges, risk analysis, market attractiveness, BPS (Base Point Scale) analysis, Porter’s five force model and SWOT analysis. This market report also includes competitive outlook of some of the major players profiling of companies such asItron, Elster group, General Electric, Schneider Electric, Landis+Gyr, Silver Spring Networks, Echleon Corporation, Holley Tech, Microsemi Corporation, Eliq, Trilliant, Kamstrup, E.ON Energy, Eclara, Lin Yang Energy, etc. The company profiles include business strategy, geographical revenue distribution, major information of the companies which encompasses business outlook, products, services, and industries catered, financial analysis of the company and recent developments.
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