According to the latest report by GMI Research, Smart Meter Market: Global Industry Trends, Share, Size, Growth, Opportunity, and Forecast 2020-2027. The Global Smart Meter Market illustrates the impact of the COVID-19 pandemic and concludes that the market is expected to bounce back in 2021 over 2020 while growing at a higher growth rate from 2022 onwards. Smart meters refer to the digital meters that monitor the utility usage and share the related information with utility suppliers. These meters use two-way communication, firstly its records the usage at the point of operation and then sends back the information to the utility companies.

Competitive Landscape: The Global Smart Meter Market report also scans the competitive landscape and profiles the major players operating in the market, including Aidon Suomi, Hydrometer GMBH, EDMI Ltd., Badger Meter Inc, Circutor SA, and Echelon.

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The increasing government policies mandates and fiscal incentives are the major factors boosting the demand of the market in the coming years.

The global smart meters market size has expanded rapidly over the few years and is expected to increase in the coming years. The market for smart meter is expected to grow at CAGR of 11.1% from 2014 to 2020. According to the global smart meter market forecast, the North America region is the largest market in terms of unit shipments and revenues owing to the government initiatives. On the other hand, the Asia-Pacific region is growing rapidly due to the Chinese government’s 5-year nationwide plan to upgrade the grid.

For further information on these analyses, please visit: https://www.gmiresearch.com/report/global-smart-meter-market/

Market Segments:

Breakup by Applications:

Residential
Commercial
Industrial
Breakup by Region:

North America
o United States of America

o Canada

Asia Pacific
o China

o Japan

o India

o Rest of APAC

Europe
o United Kingdom

o Germany

o France

o Spain

o Rest of Europe

RoW
o Brazil

o South Africa

o Saudi Arabia

o UAE

o Rest of the world (remaining countries of the LAMEA region)

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