Industrial Smart Meters Market Worth $ 997.9 million Globally, by 2025 at 20.4% CAGR: Adroit Market Research
Rising population, strengthening manufacturing industry in developing economies, and technological advancement are consequently resulting in increasing demand for electricity worldwide.
Dallas, United States – April 23, 2021 /MarketersMedia/ —
Industrial Smart Meters Market: Rampant Switch towards Sustainable Energy Consumption Practices Upticks Growth
Given the receding state of energy sources, it is imperative to switch to more sustainable consumption and monitoring options. On the back of steadily rising global population and rampant urbanization, building a robust electricity infrastructure is crucial opines international organizations such as International Energy Agency. The global industrial smart meters market size is projected to be worth USD 997.9 million in 2025. Driven by the increasing need for reducing operational costs in industries arising from high energy consumption, smart meters are likely to witness extensive adoption across the world.
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Smart meters are therefore witnessing rampant adoption to track energy consumption in close to real time efficiency. Industries worldwide are increasingly opting for more sustainable energy consumption ways to limit wastage. Factors as such are poised to steer relentless growth in global industrial smart meters market opines Adroit Market Research in its recently compiled research offering titled, ‘Global Industrial Smart Meters Market by Type and Application and Region, Forecast 2019-25’, included in its growing online data archive.
The report on industrial smart meters market is a well-articulated research offering citing market advances, developments, and trends, integral for onward growth trajectory in global industrial smart meters market. The report unfurls with a crisp market definition followed by market dynamics, besides rendering substantial understanding about market overview, executive summary as well as dynamic segmentation on the basis of which readers can draw crucial understanding on untapped market opportunities as well as drivers and restraints based on which new as well as established players in global industrial smart meters market can deliver lucrative business decision besides securing their lead amidst staggering competition in global industrial smart meters space.
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Based on segmentation global industrial smart meters market is diversified into type and application. By type the global industrial smart meters market is fragmented into thee phase and single phase industrial smart meters. Based on application the market is further splintered into heavy and light industries. A thorough rundown on regional segmentation is also pinned in the trailing sections of the report on the basis of which global industrial smart meter market is demarcated into Europe, North America, Latin America, APAC, and MEA are identified as major regional pockets in global industrial smart meters market.
Further in the trailing sections of the report, readers are also offered with decisive insights on competition spectrum, complete with product and company portfolios of industry forerunners as well as winning business strategies of front line players. A thorough and systematic analysis of the above information is expected to leverage remunerative returns in global industrial smart meters market favoring sustainable profit and steady revenue pools besides staggering competition in global industrial smart meters market. Some of the leading players identified in industrial smart meters market include, Sagemcom SAS, Holley Metering Limited, Itron, Inc., Landis+Gyr, Siemens AG, Kamstrup A/S, and Elster Group GmbH amongst several others.
The presence of a widespread manufacturing base in Asia Pacific has resulted in the region establishing itself as the market leader presently. Nonetheless, the adoption of smart meters is expected to continue outpacing other regions of the world due to the increasing number of businesses as well as regular investments in upgrading automation. In 2017, 2.69 million smart meters were installed across Asia Pacific and the number of installations is expected to increases year-on-year during the forecast period.
The competitive landscape of the global industrial smart meters market is highly fragmented owing to the presence of several local and international players. Key players in this market include Shenzhen Clou Electronics Co., Ltd., Holley Metering Limited, Landis+Gyr, Itron Inc., Siemens AG, Kamstrup A/S, ZIV Group, Jiangsu Linyang Electronics Co., Ningbo Sanxing Electric Co., Ltd., Wasion Group, Zhejiang CHINT Instrument & Meter Co., Ltd., Larsen & Toubro Limited and EDMI Limited among others.
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Key segments of the global industrial smart meters market
Type Overview, 2015-2025 (Million Units) (USD Million)
Three-Phase Smart Meter
Single-Phase Smart Meter
Application Overview, 2015-2025 (Million Units) (USD Million)
Heavy Industry
Light Industry
Regional Overview, 2015-2025 (Million Units) (USD Million)
North America
U.S.
Canada
Europe
Germany
France
UK
Italy
Sweden
Spain
Rest of Europe
Asia-Pacific
China
Japan
India
Southeast Asia
Rest of Asia-Pacific
Latin America
Brazil
Mexico
Rest of Latin America
Middle East & Africa
GCC
South Africa
Rest of Middle East & Africa
Some Points from Table of Content:
Chapter 1. Executive Summary
Chapter 2. Research Methodology
Chapter 3. Market Outlook
Chapter 4. Industrial Smart Meter Market Overview, By Type
Chapter 5. Industrial Smart Meter Market Overview, By Application
Chapter 6. Industrial Smart Meters Market Overview, By Region
Chapter 7. Industry Structure
Chapter 8. Company Profiles
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About Us:
Adroit Market Research is an India-based business analytics and consulting company incorporated in 2018. Our target audience is a wide range of corporations, manufacturing companies, product/technology development institutions and industry associations that require understanding of a market’s size, key trends, participants and future outlook of an industry. We intend to become our clients’ knowledge partner and provide them with valuable market insights to help create opportunities that increase their revenues. We follow a code– Explore, Learn and Transform. At our core, we are curious people who love to identify and understand industry patterns, create an insightful study around our findings and churn out money-making roadmaps.
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Website: https://www.adroitmarketresearch.com/industry-reports/industrial-smart-meters-market
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