by on August 11, 2021
The Smart Electricity Meters are swapping the traditional electricity meters. Smart electricity meters simplify the in-line communication of electricity suppliers with customer’s electricity meters abolishing the manual intervention in meter readings. Smart Electricity meters delivers the consumers with a correct real time data of their energy consumption whilst interpreting a greater control over electricity consumption. The smart electricity meters also support the consumer in choosing tariff plans personalized to fit their energy consumption.
According to the report analysis, ‘North America Smart Electricity Meters Market 2020-2027 by Component (Hardware, Software), Technology (AMR, AMI), Communication Type (Cellular, RF, PLC), Phase (GISM, GIST, GISS), Precision (0.25S, 0.2S, 0.5S), End Use (Residential, Commercial, Industrial), and Country: Trend Outlook and Growth Opportunity’ states that Aclara Technologies, EDMI Limited, Elster Group GmbH (Honeywell International Inc.), Hexing Electric Company, Holley Technology Ltd (Zhejiang Huamei Holding Co. Ltd), Itron Inc., Jiangsu Linyang Energy Co., Ltd., Kamstrup A/S, Landis + GYR Group AG, Mitsubishi, Nanjing Xinlian Electronics Co., Ltd., Sagemcom SAS, Sensus USA Inc., Shenzhen Hemei Group Co. Ltd., Shenzhen Kafia, Wasion Group Holdings and many more are the foremost corporates which presently operating in the North America smart electricity meters market more effectively for leading the highest market growth and registering the great value of market share around the globe during the near future while delivering the better consumer satisfaction, increasing the applications and benefits of such, analysing the strategies and policies of government as well as similar corporates, decreasing the linked prices of such, implementing the policies of enlargement and profit making, spreading the awareness connected to the applications and benefits of such, improving the qualitative and quantitative measures of such, and establishing the several research and development programs.
In addition, the continuous improvement of communication network infrastructure encourages the manufacturing of advanced level of smart meters. Accessibility of network infrastructure such as 5G, 4G, and radio frequency boosts the improvement of smart meters. Smart electricity meters are expansively utilized in the residential sector, as this meter dealings the energy consumed by customers. Investments in smart grids and an augment in the acceptance of renewable sources of power generation to prevailing grids in developed regions are expected to influence the smart electricity meters market. The effective growth in urbanization and deployment of smart home projects propels the requirement for automatic control of electricity, light, and energy in order to avoid consumption. Hence, the effective growth in adoption of smart home devices and technologies around homes, globally, is projected to boost the smart electricity meters market.
The large and organized corporates in the global smart electricity meter market are effectively implementing the policies of enlargement such as partnership, new product development, amalgamation, joint venture, merger and acquisition, collaboration and many more for ruling around the globe, generating the high percentage of revenue and obtaining the competitive edge. Therefore, in the near years, it is predicted that the market of smart electricity meter will increase around the globe more effectively over the forthcoming duration.
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Ankur Gupta, Head Marketing & Communications
Posted in: market research
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