Smart Sub-Meter Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis

MARKET INTRODUCTION

A smart electricity meter is one that can transmit data embedded with digital intelligence to help users to monitor and manage power consumption. Factors such as government mandate and support policies for smart sub-meter installation across end-use sectors such as residential, commercial, and industrial is creating profitable opportunities for the smart sub-meter market in the forecast period.

MARKET DYNAMICS

The increasing adoption of smart sub-meters with IoT is driving the growth of the smart sub-meter market. The ensuring privacy and security of consumer data may restrain the growth of the smart sub-meter market. Furthermore, government agencies to initiate the installation of smart electric sub-meters in their respective countries is anticipated to create market opportunities for the smart sub-meter market during the forecast period.

MARKET SCOPE

The "Global Smart Sub-Meter Market Analysis to 2031" is a specialized and in-depth study of the smart sub-meter market with a special focus on the global market trend analysis. The report aims to provide an overview of smart sub-meter market with detailed market segmentation by phase, application, and geography. The global smart sub-meter market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading smart sub-meter market players and offers key trends and opportunities in the smart sub-meter market.

MARKET SEGMENTATION

The global smart sub-meter market is segmented on the basis of phase and application. On the basis of phase the market is segmented into single phase and three phase. Based on application the market is segmented into industrial, residential, and commercial.

REGIONAL FRAMEWORK

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global smart sub-meter market based on various segments. It also provides market size and forecast estimates from year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The smart sub-meter market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.

The report analyzes factors affecting smart sub-meter market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South America after evaluating political, economic, social and technological factors effecting the smart sub-meter market in these regions.

MARKET PLAYERS

The reports cover key developments in the smart sub-meter market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for expansion of business and customer base of market players. The market players from smart sub-meter market are anticipated to lucrative growth opportunities in the future with the rising demand for smart sub-meter market. Below mentioned is the list of few companies engaged in the smart sub-meter market.

The report also includes the profiles of key smart sub-meter market companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of last 3 years, key development in past five years.

•   Badger Meter
  
•   General Electric
  
•   Honeywell International
  
•   Itron Inc
  
•   Landis+Gyr
  
•   LARSEN and TOUBROL
  
•   Mitsubishi Electric Corporation
  
•   Siemens AG
  
•   WASION GROUP
  
•   Xylem Inc.
  

The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.

Smart Sub-Meter Report Scope