Press Release

Smart Meters Market Size, Analysis, Trends and Segmented Data by Top Companies and Opportunities 2019-2026

Top Players in smart meter market include Siemens, ABB, Kamsturp, Itron, bLandis + Gyr, Badger Meter, Diehl, Secure Meter Limited, Aclara Technologies, Sensus, BMETER, Jabil, Honeywell, ZENNER, among others

The global smart meter market size is projected to reach USD 44.18 by the end of 2026. Recent technological advancements have emerged in favor of the market in the coming years. According to a report published by Fortune Business Insights, titled “Smart Meter Market Size, Share & Industry Analysis, By Type (Smart Electric Meter, Smart Gas Meter, Smart Water Meter) By Technology (Automatic Meter Reading {AMR} and Advanced Meter Infrastructure), By Application (Residential, Commercial and Industrial), and Regional Forecast, 2019-2026,” the market was worth USD 24.53 billion in 2018 and will exhibit a CAGR of 7.7% during the forecast period, 2019-2026.

To Gain More Insights into the, Browse Summary of the Research Report: https://www.fortunebusinessinsights.com/smart-meter-market-102666

A few of the leading companies that are operating in the global smart meter market include:

  • Siemens (Germany)
  • ABB (Switzerland)
  • Kamsturp (Denmark)
  • Itron (US)
  • Landis + Gyr (Switzerland)
  • Badger Meter (US)
  • Diehl (Germany)
  • Secure Meter Limited(UK)
  • Aclara Technologies (US)
  • Sensus (US)
  • BMETER (UK)
  • Jabil(US)
  • Honeywell (US)
  • ZENNER (US)

Request a Sample Copy for more detailed smart meter market Overview: https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/smart-meter-market-102666

Increasing Number of Company Mergers Will Aid Growth

The report encompasses several factors that have contributed to the growth of the market in recent years. Among all factors, the increasing number of company mergers and acquisitions has made the highest impact on the market. In March 2017, PUB awarded a contract to CH2M Hill Singapore. The contract will be aimed at the development and installation of 300,000 water meters. The water meters will be installed existing residential, commercial, and industrial premises by the end of 2023.This contract will have a positive impact on the growth of the overall market in the foreseeable future.

Asia Pacific Dominates the Market; Focus on Sustainable Energy Management to Aid Growth

The report analyzes the ongoing smart meter market trends across North America, Latin America, Asia Pacific, the Middle East and Africa, and Europe. Among these regions, the market in Asia Pacific currently dominates the market. The focus on implementation of sustainable products by major companies will aid the growth of the regional market. As of 2018, the market in Asia Pacific was worth USD 12.23 billion and this value is projected to increase further in the coming years. The market in North America and Europe will witness considerable growth in the coming years, driven by the presence of several large scale companies in several countries across this region.

Industry Developments:

October 2019: The National Investment and Infrastructure Fund (NIIF) and Energy Efficiency Services Limited (EESL), announced a new joint venture labeled ‘IntelliSmart’.

Purchase Full Report for Exclusive Smart Meter Market Growth Forecast – https://www.fortunebusinessinsights.com/checkout-page/102666

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Jessie Denton

Jessie is the contributing author and editor for the electric vehicle column. She is an automobile engineer and has hypothesized many designs of vehicles based on the renewable sources of energies. She is also an excellent writer, and hence her contribution to the website is noteworthy. Her articles tell about the market of e vehicle, the rise, the drop and also the future predictions.

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