A smart electricity meter is an electronic device that measures the exact amount of electricity disbursed by a residence, business, or electrically-powered device. A smart electricity meter delivers the highly accurate information about disbursed energy, which diminishes the chance of error in the present billing system to minimal. Smart electricity meter embraces first-generation smart meters or AMR (Automated Meter Reading) meters and second-generation meters or AMI (Advanced Metering Infrastructure) meters. Smart electricity meters utilize the different technologies to deliver information wirelessly via the low-energy radio frequency waves. Customers have admittance to the smart meter’s power utilization data so that they can control energy utilization, either by altering utilization habits or pointing issues concerned to the power quality.
According to the report analysis, ‘Europe 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 several others are the key corporates which presently operating in the Europe Smart electricity meters market more actively for leading the highest market growth and dominating the handsome value of market share around the globe during the near future while spreading the awareness connected to the applications and features of such, increasing the applications and benefits of such, delivering the better consumer satisfaction, employing the young and active personnel, decreasing the associated prices of such, establishing the several research and development programs, analysing the strategies and policies of government as well as similar entities, implementing the policies of profit making and enlargement and improving the qualitative and quantitative measures of such.
During recent times, numerous factors have been combined to make smart meters more remarkable, reliable, and affordable. The dissimilar connectivity technologies utilized by the smart electricity meters are further encouraging the growth of the market. The major advantages offered by the smart meter comprises detection of any leakages in the supply, continuous observing of the electricity, gas and water flow, detection of any theft in the supply are supporting toward the growth of the market. Also, the smart electricity meters support in elimination of the manual monthly meter reading, and optimizes the profit with a prevailing resource.
Moreover, the great companies in the smart electricity meter are progressively opting the policies of enlargement such as amalgamation, new product development, partnership, joint venture, merger and acquisition and many more are the foremost corporates for ruling around the globe, obtaining the competitive edge and generating the high percentage of revenue. Therefore, in the near years, it is predicted that the market of smart electricity meter will increase around the globe more proficiently over the incoming years.
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Global 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 Region: Trend Outlook and Growth Opportunity
Ankur Gupta, Head Marketing & Communications