Smart electric meter is an electronic device which sends meter readings to enerPosted by Manik on February 21st, 2020 Smart Electric Meter Market: SummaryThe Global Smart Electric Meter Market is estimated to reach USD 16.8 Billion in 2024 at a CAGR of 6.1%. Increasing adoption of smart grid growing and customer centric approach of the energy sector is expected to drive the smart electric meter market during the forecast period. However, high initial investment is expected to restrain the market during the forecast period. Internet of Things (IoT) enabled smart grid is expected to become an opportunity for global market.Smart electric meter is an electronic device which sends meter readings to energy supplier digitally. The smart electric meter captures units of power consumed at certain time intervals. This captured data is then communicated to the energy supplier for the billing and monitoring purpose. Some key players in smart electric meter market are Itron Inc., Landis+Gyr, Siemens AG, Honeywell International In., and Xylem among others. Smart Electric Meter Market: Report Synopsis This market research report offers a comprehensive analysis of key market trends in the global smart electric meter market. It includes detailed discussion on historical market trends, current market dynamics, consumer landscape, growth opportunities and challenges backed by factful feedbacks.
Companies Covered
Smart Electric Meter Market: Report Segmentation For the scope of report, In-depth segmentation is offered by Forencis Research Smart Electric Meter Market by Phase
Smart Electric Meter Market by Communication Technology
Smart Electric Meter Market by Region Asia-Pacific
North America
Middle East and Africa
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