DUBLIN, Jun 17, 2021--(BUSINESS WIRE)--The "Smart Electricity Meter Market - Forecasts from 2021 to 2026" report has been added to ResearchAndMarkets.com's offering.
The smart electricity meter market was evaluated to be worth US$3.612 billion in 2019 and is projected to grow at a CAGR of 28.12% to reach a market size of US$20.468 billion by the year 2026.
The smart electricity meter is a device that is used to accurately monitor electrical usage and send usage information to manage energy usage effectively.
Factors such as favourable government policies, growing investments in smart grid projects and infrastructure are anticipated to bolster the demand for smart electricity meters. The growth is being further propelled on account of benefits such as cost-cutting in meter reading, efficiency, and others.
Furthermore, increasing investments in smart homes and a corresponding rise in demand for smart electricity meters to reduce the electricity wastage by automatically turning off the electricity will continue to boost the market growth during the forecast period. However, factors such as high installation cost and lack of awareness may hamper the market growth.
The recent outbreak of the novel coronavirus disease affected the Smart Electricity Meter industry negatively. The lockdown was implemented in most parts of the world and there were trade restrictions and strict Covid-19 guidelines due to which the supply chain was disrupted. There was a halt in the production of smart electricity meters during that period and the demand was also reduced. But after the lifting of lockdown and the ease of trade and production, the industry has been recovering and is anticipated to come to its normal flow from the years 2021 onwards.
Key market players in the smart electricity meter market include Honeywell International Inc. (Elster Group GmbH), Holley Technology Ltd, and Schneider Electric, Inc., among others.
The players are implementing various growth strategies to gain a competitive edge. The report also mentions recent deals and investments of different market. The company profiles section details the business overview, financial performance (public companies) for the past few years, key products and services being offered along with the recent deals and investments of these important players in the smart electricity meter market.
Key Topics Covered:
1.1. Market Definition
1.2. Market Segmentation
2. Research Methodology
2.1. Research Data
3. Executive Summary
3.1. Research Highlights
4. Market Dynamics
4.1. Market Drivers
4.2. Market Restraints
4.3. Porters Five Forces Analysis
4.4. Industry Value Chain Analysis
5. Smart Electricity Meter Market Analysis, by Phase
5.2. Single Phase
5.3. Three Phase
6. Smart Electricity Meter Market Analysis, by End User
7. Smart Electricity Meter Market Analysis, by Geography
8. Competitive Environment and Analysis
8.1. Major Players and Strategy Analysis
8.2. Emerging Players and Market Lucrativeness
8.3. Mergers, Acquisitions, Agreements, and Collaborations
8.4. Vendor Competitiveness Matrix
9. Company Profiles
9.1. Honeywell International Inc. (Elster Group GmbH)
9.2. Holley Technology Ltd
9.3. Schneider Electric, Inc.
9.6. General Electric
9.7. Landis+gyr Group AG
9.10. Wasion Group Holdings
For more information about this report visit https://www.researchandmarkets.com/r/qtlfuh
View source version on businesswire.com: https://www.businesswire.com/news/home/20210617005553/en/
Laura Wood, Senior Press Manager
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