The global market for smart meters is projected to have considerable CAGR of around 7.5% during the forecast period. The market growth mainly backed by the increasing inclination towards smart meters in place of conventional meters due to various advantages, such as theft detection and leakage management further raises the demand for smart meters across the globe. The smart meters provides theft and accurate billing and enhanced customer services by the integration of AMI systems. Along with that, the growth is attributed to increasing penetration of smart meters in the near future, owing to government regulation and initiatives, rising demand for utility management, and rising urbanization in emerging economies such as India and China. Additionally, smart meters support in-house displays, keeping the consumers informed about the energy used by them in real-time.



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Some of the smart meters offer remote access to various utility's control center and consumers can pay bills through mobile app syncing. Therefore growing penetration of smartphone also projected to provide significant opportunity to the market.



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Global smart meters Market Segmentation

By Product Type

Smart Gas Meters

Smart Electric Meters

Smart Water Maters

By Technology

Advanced Metering Infrastructure (AMI)

Automated Meter Reading (AMR)

By Application

Residential

Commercial

Industrial

Regional Analysis

North America

United States

Canada

Europe

UK

Germany

Italy

Spain

France

Rest of Europe

Asia-Pacific

China

India

Japan

Rest of Asia-Pacific

Rest of the World

Company Profiles

Aclara Technologies LLC

Apator SA

Badger Meter, Inc.

Diehl Stiftung& Co. KG

Eaton Corp.

EDMI Ltd.

Flonidan A/S

General Electric Co.

Holley Technology UK Ltd.

Honeywell International, Inc.

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