According to Goldstein Research, outsourcing of data functions of smart metering projects to vendors is the new trend in utilities market which comprises of data collection, management and archiving performed by suppliers or third parties. Global Smart Meter Market Outlook comprises of industrial, residential and commercial end users. Smart Meter or next generation utility meters plot a good example of transformative potential for machine-to-machine technology as it emancipate the consumers by bestow the feedback on energy usage and helping them to monitor, manage and reduce the energy consumption.. According to our analysts “The smart meter market size is set to reach USD 9.1 billion by 2024, at a CAGR of 8.25% over the forecast years.” Global Smart Meter market is driven by lower peak electricity demand to easily monitor power consumption on a daily basis and reduce it accordingly, benefits of reduction in reaction time to resolve power outages & hardware faults.
Market Segmentation
On the basis of our in-depth analysis, global smart Meter market can be segmented as follows:
• Based on Product Type
o Smart Electricity Meters
o Smart Water Meters
o Smart Gas Meters
• Based on Technology
o Automatic Meter Reading (AMR)
o Advanced Metering Infrastructure (AMI)
• Based on Technology
o Industrial
o Commercial
o Residential
• On the basis of region
o North America (US, Canada) {Market Share (%), Market Size (USD Billion, Adoption Rate (%)}
o Europe (UK, France, Italy, Germany, Spain, Hungary, Sweden, Russia, Poland and Rest of Europe) {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}
o Middle East and Africa (GCC Countries, North Africa, South Africa and Rest of Middle East & Africa) {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}
o Latin America (Brazil, Mexico and Rest of Latin America) {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}
o Asia Pacific (China, Japan, India, Singapore, South Korea, Australia, New Zealand and Rest of Asia-Pacific) {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}
o Rest of the World {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}

“Global Smart Meter Market Outlook 2024” contains detailed overview of the global smart Meter market. On the basis of our in-depth analysis, market can be segmented in terms of market segmentation by type, technology and end user.
Further, for the in-depth analysis, Global Smart 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 as Itron, Inc., Kamstrup A/S, Sensus, GE Digital Energy, Holley Metering, Ltd., Honeywell International, Elster, Landis + Gyr, Echelon, Schieder Electric, Xemtec, Secure Together, Kamstrup, Sagemcom, Iskraemeco and Toshiba Corporation, 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. Overall, the report represents the global smart meter market trends along with market forecast that will help industry consultants, technology providers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.
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