Global Smart Meter Market ( Electricity , Gas , Water ) – Analysis By Meter Type , By End User , By Region , By Country : Opportunities & Forecasts ( 2011-2022 )
According to Global Smart Meter Market report , global rise in energy demand along with the emerging trends in smart grid technologies , integration , and advanced infrastructure along with IoT ( Internet of Things ) has led to the growth of Smart Meter market . Smart meter Market is growing steadily on account of the growing renewable energy sector with increase in energy demand , controlling carbon emissions through energy saving , reducing wastage and controlling the consumption . As a result , there is increase in the number of installations of smart meters .
Among the segments , market is expected to be driven by Smart Gas Meters and Smart Water Meters majorly in developed countries on account of growing natural gas usage and need for smart water management . The smart gas meters will primarily take the lead due to the utilities going for combine electricity and gas dual fuel supply . Also , the growth for smart meter will primarily be seen in residential areas due to large number of households as a major end user of smart meters .
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