Smart Electricity Meters Market (By Application – Residential, Commercial, Utility. By Technology – AMI, AMR. By Phase – Single, Three. By Geography – North America, Europe, Latin America, Asia Pacific, Middle East and Africa.) - Industry analysis, size, share, growth, trends and forecast, 2021 – 2031. Post Covid Analysis

The Global Smart Electricity Meters Market was $12.3 Bn in 2020, and it is expected to reach $19.5 Bn by 2031. It is eventually growing at a commendable high compound annual growth rate CAGR of 4.2% between 2021-2031.The smart electricity metering systems is used to keep the demand of peak electricity low and also to allow the consumers to keep a check on the power consumption and also to reduce it accordingly. Using these metering devices it will help to compensate the loss as it will control the excessive use of energy of the different electronic devices as it can handle intermittent supply. This is the main factor that will help in the growth of this market during the forecasted period.

Global Smart Electricity Meters Market Is Estimated to Witness Remarkable Growth

Source: SAI Research

The Global Smart Electricity Meters Market has been segmented into By Application – Residential, Commercial, and Utility. By Technology – AMI, AMR. By Phase – Single, Three. Single phase smart electric meter market will exceed the market during the forecasted period.

By Region, Asia Pacific Is Holding the Major Market Share

The Global Smart Electricity Meters Market has been geographically segmented into North America, Asia Pacific, Latin America, Middle East, and Africa region. in addition to this Asia Pacific Global Smart Electricity Meters Market is holding the largest market share at present and is estimated to show high compound annual growth rate during the forecasted period.  This is mainly because this region has deployed the maximum number of smart electricity metering systems for the regulatory conditions and standardized policies. This will help the market in this region to flourish during the forecasted period. Besides this Europe is also expected to witness remarkable growth during the forecasted period.

Major Players In Global Smart Electricity Meters Market

Some of the major players in Global Smart Electricity Meters Market include Itron Inc., Landis + Gyr Ltd., GE Energy Company, Elster Group, Sensus USA Inc., Silver Spring, Jiangsu Linyang, Echleon, Holley Metering, NeoSilica, Jabil, Cyan Holdings Plc, ABB Ltd., ZPA Smart Energy, Enel.

The Global Smart Electricity Meters Market Has Been Segmented Into:

Global Smart Electricity Meters Market, By Application

• Residential
• Single Family
• Multi Family
• Commercial
• Education
• Healthcare
• Retail
• Logistics & Transportation
• Offices
• Hospitality
• Others
• Utility

Global Smart Electricity Meters Market, By Technology

• AMI
• RF
• PLC
• Cellular
• AMR

Global Smart Electricity Meters Market, By Phase

• Single
• Three

Global Smart Electricity Meters Market, By Geography

• North America
• USA
• Canada
• Mexico
• Rest of North America
• Europe
• UK
• Germany
• France
• Spain
• Italy
• Russia
• Rest of Europe
• Asia Pacific
• India
• China
• Japan
• South Korea
• Rest of Asia Pacific
• Latin America, Middle East & Africa
• Brazil
• South Africa
• UAE
• Rest of LAMEA