IARC

Smart Electricity Meters Market: Germany Smart Meter Market Will Experience Hike With 44 Million Meters by 2026

Press Release   •   Jan 09, 2017 05:11 EST

Smart Electricity Meters Market deals in the development, production and distribution of smart meters that are used for electric meter reading. The smart meter device is an electronic device that is used for billing as well as for monitoring the power quality.

The new smart meters have numerous benefits such as they help to lower the cost of energy by accurately monitoring the power quality, they also contribute to improving machine life, reduces electric meter reading errors as well as help to lower power utilization. The smart meters directly communicate with central utility system and have the feature of remote reporting.

Scope & Regional Forecast of the Smart Electricity Meters Market

Smart Electricity Meters Market is constantly changing as well as growing in all gamut of industrial, commercial and residential power usage. Previously residential sector was the largest sector of smart meter market and was considered as the largest share contributor in the entire market. But now due to high demand and prevalent benefits other industries are now adopting it.

This smart metering system is quite different from the traditional metering system. Traditional electric meters had a metal disc that used to rotate when the electricity was being consumed, but these smart meters have no moving parts, so are also known as Static Energy Meters. The smart meter technology is based on Digital Micro Technology and has ASIC (Application Specified Integrated Circuit) that are used to control their functioning.

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Smart Electricity Meters Market can be bifurcated by phase, single phase and three phase. Single phase meters are commonly used in residential sectors while three phase meters are used in commercial industries. Smart Electricity Meters Market is expanding in various sectors such as oil and gas industry, power generation, mining, water treatment, automobile, food and beverages and many more. APAC region is the leader in smart meter market along with China followed by America which growing at a faster pace.

Segmentations & Key Players Involved in the Smart Electricity Meters Market

According to IndustryARC analysis, Smart Electricity Meters Market can be divided into various segmentations on the basis of –

Smart Electricity Meters Market-By Phase: Single Phase, and Three Phase

Types: Analog Meter, Digital Meter, and Smart Meter

Application: Commercial, Industrial, and Residential

Industry: Automobile, Oil & Gas, Mining, Water Treatment, Chemical And Petrochemical, Pulp And Paper, Food & Beverage, Power Generation, General Machineries and Semiconductors

Geography: North America, Europe, Asia and Rest Of The World (Row)

Entropy: New Product Developments, Mergers, and Acquisitions

Some of the key players involved in the Smart Electricity Meters Market according to IndustryARC are as follows:

  • Kmb Systems, S.R.O.
  • Obvius Holdingd Llc
  • Lubecorp Manufacturing Inc.
  • Quadlogic Meters Canada Inc. (Qmc)
  • Secure Meters (Uk) Ltd

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About IndustryARC:IndustryARC is a Research and consulting firm that publishes more than 500 Reports Annually in various industries, such as Agriculture, Automotive, Automation & Instrumentation, Chemicals and Materials, Energy and Power, Electronics, Food & Beverages, Information Technology, Life sciences & Healthcare.

IndustryARC primarily focuses on Cutting Edge Technologies and Newer Applications of the Market. Our Custom Research Services are designed to provide insights on the constant flux in the global demand-supply gap of markets. Our strong analyst team enables us to meet the client research needs at a very quick speed with a variety of options for your business.

We look forward to support the client to be able to better address customer needs; stay ahead in the market; become the top competitor and get real-time recommendations on business strategies and deals. Contact us to find out how we can help you today.

Media ContactContact Person:Sanjay MatthewsEmail:sales@industryarc.comPhone:1-614-588-8538 (Ext: 101)Company Name:IndustryARCTMConnect with us on LinkedIn @http://www.linkedin.com/company/industryarcGet More Insights on Reports @ http://goo.gl/Ga7fq7

About IndustryARC:IndustryARC is a Research and consulting firm that publishes more than 500 Reports Annually in various industries, such as Agriculture, Automotive, Automation & Instrumentation, Chemicals and Materials, Energy and Power, Electronics, Food & Beverages, Information Technology, Life sciences & Healthcare.

IndustryARC primarily focuses on Cutting Edge Technologies and Newer Applications of the Market. Our Custom Research Services are designed to provide insights on the constant flux in the global demand-supply gap of markets. Our strong analyst team enables us to meet the client research needs at a very quick speed with a variety of options for your business.

We look forward to support the client to be able to better address customer needs; stay ahead in the market; become the top competitor and get real-time recommendations on business strategies and deals. Contact us to find out how we can help you today.

Media ContactContact Person:Sanjay MatthewsEmail:sales@industryarc.comPhone:1-614-588-8538 (Ext: 101)Company Name:IndustryARCTMConnect with us on LinkedIn @http://www.linkedin.com/company/industryarcGet More Insights on Reports @ http://goo.gl/Ga7fq7