IndustryARC™

Smart Energy Meter Market: Smart Grids Cut Down Losses In Transmission And Distribution Of Power

Press Release   •   Jan 03, 2018 01:58 EST

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The Smart Energy Meter Market produces the smart energy meter that provides the exact amount of electricity consumption. Smart meters are installed at households or enterprise infrastructure for maintaining detailed statistics about the consumption. They work like the electric meter that measures and provides the feedback of the power consumed to the electric supplier.

The Smart Energy Meter Market is also useful for the customers as they can monitor the amount of the power used. The other benefits of using the energy smart meter sends details of the energy used to the electric suppliers, helping them to produce accurate bills.

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Scope & Regional Forecast of the Smart Energy Meter Market

The prime factor that drives the Smart Energy Meter Market is the rising investment in smart grid technology. Rising population has resulted in increased power consumption in different countries. Smart grids can cut down losses in the transmission and distribution of power and balance the demand and supply of electricity effectively.

US is the leader in the Smart Energy Meter Market. Rapid increase in the implementation of the smart grids boosts the demand for electricity smart meters. The market for the smart meter technology is quite competitive due to many vendors.

The networking infrastructure side of the Smart Energy Meter Market is becoming competitive as number of companies involved in the projects increases. Governments across the globe are supportive of the development of the smart meter energy. The smart metering systems can show big changes in the software and analytics side.

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Segmentations & Key Players Involved in the Smart Energy Meter Market

The Smart Energy Meter Market can be broken down into various segmentations on the basis of –

  • Type- Smart Energy Meters, Smart Water Meters, and Smart Gas Meters.
  • Application- Industrial, Commercial, Residential.
  • Region- North America, Europe, Asia-Pacific, South America, Middle East, and Africa.

Some of the key players involved in the Smart Energy Meter Market are as follows:

  • GE Energy
  • Itron
  • Landis + Gyr
  • Sensus
  • Siemens

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