Smart Meters Market Synopsis and Highlights, Key Findings, Major Companies Analysis
and Forecast to 2023
Market Highlights
A smart meter is the next generation of a gas and electricity meter. It measures the amount of
electricity a customer uses. It digitally send meter readings to the energy supplier for more
accurate energy bills. Increasing investments in smart grid, smart city and the gas pipeline
networks fuelling the growth of the market. However, high installation costs is the factor may
hamper the growth of the market.
On the basis of application, market has been segmented into residential, commercial, and
industrial. Residential sector dominates the application segment of the market. The increasing
residential construction activities across the globe and government mandates, driving the
growth of the market in residential sector.
Key Players
The key players of Global Smart Meters Market are
Itron, Inc. (U.S.),
Siemens AG (Germany),
Sensus (Xylem) (U.S.),
Badger Meter, Inc. (U.S.),
Aclara Technologies, LLC. (U.S.),
Kamstrup A/S (Denmark),
Holley Metering, Ltd. (China),
Honeywell International, Inc. (U.S.),
Wasion Group (China),
Toshiba Corporation (Japan)
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On the basis of region, North America dominates the smart Meters market. Increasing repairing
& upgradation of aging infrastructure activities, and monitoring & prevention of leakage driving
the growth of the market. Additionally, lot of smart meters rollouts are taking place in countries
such as the U.S., Canada, and Mexico which would impart growth in the North American region.
Europe is expected to contribute significantly during the forecast period. Increasing demand and
stringent government regulations in Europe driving the growth of the market in the region.
Asia Pacific is expected to be the fastest growing region during the forecast period. Rapid
growth in residential, commercial, and industrial sector driving the growth of the market in the