Smart Meters Market expected to Grow $30.2 Billion by 2026
The global smart
meters market is projected to reach USD 30.2 billion by 2026 from USD 19.6
billion in 2021, at a CAGR of 9.0% during the forecast period. Smart Meters is
increasingly being installed and is showing robust growth. The increase in the
adoption of electric vehicles, development of microgrids, distributed energy
storage, and the need for net-metering are a few of the major drivers for...
Smart Electric Meter Market to Hit $11.33 Billion by 2023
The global smart
electric meter market is projected to grow from an estimated USD 9.27
billion in 2018 to USD 11.33 billion by 2023, at a CAGR of 4.11%, from 2018 to
2023. The increased need for efficient data monitoring systems, coupled with
favourable government policies for a smart meter rollout is driving the market
for smart electric meters. Other factors include improved cost savings,
increased...
Smart Gas Meter Market to Garner $2.5 Billion by 2026
The global smart gas
meter market size is expected to grow from an estimated USD 2.0 billion
in 2021 to USD 2.5 billion by 2026, at a CAGR of 4.7%, during the forecast
period. The key drivers for the smart gas meter market include digitalization
of distribution grids and optimization of network operations; asset management
of advanced metering infrastructure (AMI); and increasing investment in smart
grid...
Smart Meters Market expected to Grow $30.2 billion by 2026
According to the new market research report
“Smart
Meters Market by Type (Electric, Gas, Water), Communication Type
(RF, PLC, Cellular), Component (Hardware, Software), Technology (AMR, AMI), End
user (Residential, Commercial, Industrial), and Region – Global Forecast to
2026″, published by MarketsandMarkets™, The Smart Meters Market size
will grow to USD 30.2 billion by...
Smart Electric Meter Market expected to Grow $11.33 Billion by 2023
The global Smart
Electric Meter Market is projected to grow from an estimated USD 9.27
Billion in 2018 to USD 11.33 Billion by 2023, at a CAGR of 4.11%, from 2018 to
2023. The market in Asia Pacific is estimated to be the largest market for
smart electric meters, followed by the North American and the European market
in 2018. This trend is expected to continue until 2023. The growth can be
attributed...
Meter Data Management System Market to Grow at Fastest Rate of 20.48% during 2018-2023
The global Meter
Data Management System Market is projected to reach $428 million by 2023
from an estimated $169 million in 2018, at a CAGR of 20.48% from 2018 to 2023.
This growth can be attributed to the increased government policies and
supportive mandates for smart meter installations and need for accurate utility
bill generation.
The electricity
segment is expected to be the fastest growing...
Smart Gas Meter Market to Generate $2.5 Billion Revenue by 2026
According to the new market research report
“Smart Gas Meter Market by technology (AMR and AMI), Type (Smart
Ultrasonic Gas Meter and Smart Diaphragm Gas Meter), Component (Hardware and
Software), End User (Residential, Commercial, and Industrial), and Region –
Global Forecast to 2026″, published
by MarketsandMarkets™, the Smart Gas Meter Market size is expected to grow from
an...