Smart Meters Market: In-Depth Coverage And Various Important Aspects by 2030

Globally, the smart meters market would demonstrate the highest growth in the Asia-Pacific (APAC) region in the upcoming years, primarily because of the increasing enactment of favorable government regulations regarding the usage of smart meters in various regional countries. For example, in China, as part of the five-year countrywide plan to upgrade and modernize the grid infrastructure, the utilities organizations are installing numerous smart meters.

Other countries in the APAC region have also realized the need to upgrade their grid infrastructure and make it in line with the international standards, which would, in turn, help them improve the revenue collection procedure of utilities and address the various energy challenges.

The players operating in the global smart meters market are increasingly announcing partnerships with other major players in the industry, the governments of various countries, local/regional players, and utilities for expanding their reach and improving their range of product offerings.

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For example, Itron Inc. announced an integration and sales collaboration in January 2020 with Innowatts, which is a provider of AI-based solutions and advanced metering infrastructure (AMI)-enabled predictive analytics.

Some of the leading players in the global smart meters market are Siemens AG, Sagemcom, Schneider Electric SE, Osaki Electric Co. Ltd., Itron Inc., Elster Group GmbH, Iskraemeco d.d., Enel S.p.A., Holley Metering Ltd., and Landis+Gyr.

This market research report provides a comprehensive overview of the smart meters market

Historical and the present size of the smart meters market
Future potential of the market through its forecast for the period 2020– 2030
Major factors driving the market and their impact during the short, medium, and long terms
Market restraints and their impact during the short, medium, and long terms
Recent trends and evolving opportunities for the market participants
Historical and the present size of the market segments and understand their comparative future potential

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