Energy Management Systems Market worth $75.6 Billion by 2028
The global Energy Management Systems Market is projected to reach USD 75.6 billion in 2028 from USD 40.7 billion in 2023 at a CAGR of 13.2% according to a new report by MarketsandMarkets™. EMS determines the most cost-effective configuration for power production, transmission, and distribution throughout the network, considering the required criteria for system stability, safety, and reliability....
Smart Meter Market worth $36.3 Billion by 2028
The global Smart Meter Market is projected to reach USD 36.3 billion in 2028 from USD 23.1 billion in 2023 at a CAGR of 9.4% according to a new report by MarketsandMarkets™. The emergence of electric, gas, and water smart meters has revolutionized utility operations. With advancements in smart meters, sensors, control systems, and communication components, utility systems can be monitored in real-time....
Smart Water Metering Market is Expected to Reach$6.4 billion in 2027
According to a research report “Smart Water Metering Market by Meter type (Ultrasonic, Electromagnetic, Smart Mechanical), Application (Water Utilities, Industries), Technology (AMI, AMR), Component (Meter & Accessories, Communications) and Region – Global Forecast to 2027″ published by MarketsandMarkets, the Smart Water Metering market is expected to grow at a CAGR of 11.6%...
Smart Meters Market worth $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.
Governments worldwide are undertaking several initiatives to meet the future electricity demands and are focusing on reducing carbon footprint by promoting the...
Meter Data Management System Market to Exceed $428 Million by 2023
The global Meter Data Management System Market is expected to grow from USD 169 million in 2018 to USD 428 million by 2023, at a CAGR of 20.48% during the forecast period. This growth can be attributed to the increased government policies and supportive mandates for smart meter installations and the need for accurate utility bill generation.
Europe is projected to be the second largest...
Energy Management Systems Market worth $75.0 Billion by 2027
The global Energy Management Systems Market size is estimated to be USD 75.0 billion by 2027 from USD 38.6 billion in 2022, at a CAGR of 14.2% during the forecast period. The Energy Management Systems Market, is expected to witness significant growth during the forecast period. With such a high demand for energy resources, the volatility in energy prices centers on changes in supply and...
Meter Data Management System Market to See Huge Growth by 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.
Europe is projected to be the second largest region, with...
Energy Management Systems Market Likely to Boost Future Growth by 2027
According to the new market research report
“Energy
Management Systems Market by Component, Type (Home Energy Management
Systems, Building Energy Management Systems, Industrial Energy Management
Systems), Deployment, End-User Industry and Region – Global Forecast to 2027″,
published by MarketsandMarkets™, the global Energy Management Systems
Market size is estimated to be USD 75.0...
Smart Grid Market to Show Robust Growth in Near Future
The global smart
grid market is expected to grow from an estimated USD 43.1 billion in 2021
to USD 103.4 billion by 2026, at a CAGR of 19.1% during the forecast period. Modernization
of aging grid infrastructure is one the primary factors driving market growth.
Moreover, the government across the world is encouraging the investments in
smart grids.
Smart grid technology enables the
transition from...
Smart Electric Meter Market May Set New Growth Story
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%, during the
forecast period. 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,...